WIA Gold Limited (AU:WIA)
ASX:WIA
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WIA Gold Limited
(Sydney:WIA)
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Rating:55Neutral
Price Target:
AU$0.44
▼(-11.80% Downside)
Action:ReiteratedDate:03/03/26
The score is held back primarily by weak financial performance (pre-revenue, widening losses, and ongoing cash burn), partially offset by strong technical momentum (price above major moving averages with positive MACD). Valuation is also constrained by negative earnings and no dividend yield data.
Positive Factors
Debt-free balance sheet
A debt-free capital structure materially reduces refinancing and solvency risk for an exploration company. Over a multi-month horizon this increases flexibility to time capital raises, supports continuity of drilling programs, and lowers fixed financial burdens that could otherwise strain scarce cash during exploration cycles.
Negative Factors
Pre-revenue with widening losses
The company remains pre-revenue while annual net losses have increased materially, indicating exploration spend outpaces any near-term income. Over a 2–6 month horizon this structural loss profile sustains funding pressure, delays path to self-funding, and heightens reliance on capital markets to continue operations and advance projects.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A debt-free capital structure materially reduces refinancing and solvency risk for an exploration company. Over a multi-month horizon this increases flexibility to time capital raises, supports continuity of drilling programs, and lowers fixed financial burdens that could otherwise strain scarce cash during exploration cycles.
Read all positive factors
WIA Gold Limited (WIA) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$635.14M
Dividend YieldN/A
Average Volume (3M)1.88M
Price to Earnings (P/E)―
Beta (1Y)1.39
Revenue GrowthN/A
EPS Growth-5.41%
CountryAU
Employees26
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding1,477,060,300
10 Day Avg. Volume1,833,425
30 Day Avg. Volume1,876,415
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)4.24
Price to Sales (P/S)0.00
P/FCF Ratio-465.04
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)>-0.01
Revenue Forecast (FY)AU$800.00K
WIA Gold Limited Business Overview & Revenue Model
Company Description
WIA Gold Limited engages in the exploration and evaluation of gold, copper, and base metal properties in Namibia and Cote d'lvoire. It primarily focuses on the exploration of the Cote d'lvoire projects, which comprise the Bouaflé, Mankono, and Iss...
How the Company Makes Money
null...
WIA Gold Limited Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
62
Positive
Cash Flow
28
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 227.97K |
| Gross Profit | -78.89K | -66.65K | -38.26K | -44.07K | -1.25K | -28.18K |
| EBITDA | -6.33M | -5.28M | -3.58M | -1.48M | -1.35M | -2.14M |
| Net Income | -14.16M | -5.09M | -3.62M | -1.52M | -1.35M | -2.17M |
Balance Sheet | ||||||
| Total Assets | 92.67M | 72.39M | 43.77M | 17.23M | 11.76M | 8.48M |
| Cash, Cash Equivalents and Short-Term Investments | 45.84M | 29.01M | 15.05M | 1.22M | 2.32M | 5.18M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 1.23M | 1.28M | 1.17M | 278.76K | 204.67K | 192.13K |
| Stockholders Equity | 90.53M | 70.21M | 41.43M | 16.83M | 11.56M | 8.29M |
Cash Flow | ||||||
| Free Cash Flow | -465.63K | -640.47K | -11.92M | -7.17M | -6.37M | -2.41M |
| Operating Cash Flow | -380.56K | -450.11K | -1.32M | -749.53K | -819.80K | -661.58K |
| Investing Cash Flow | -19.88M | -15.29M | -10.74M | -6.52M | -6.26M | -1.74M |
| Financing Cash Flow | 29.16M | 29.65M | 25.90M | 6.16M | 4.31M | 6.97M |
WIA Gold Limited Technical Analysis
Neutral
0.50
Price Trends
0.48
Negative
0.45
Negative
0.38
Positive
Market Momentum
-0.02
Positive
44.80
Neutral
60.19
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:WIA, the sentiment is Neutral. The current price of 0.5 is above the 20-day moving average (MA) of 0.47, above the 50-day MA of 0.48, and above the 200-day MA of 0.38, indicating a neutral trend. The MACD of -0.02 indicates Positive momentum. The RSI at 44.80 is Neutral, neither overbought nor oversold. The STOCH value of 60.19 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:WIA.
WIA Gold Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | AU$307.99M | 2.58 | 16.50% | 3.30% | 48.57% | 666.83% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
55 Neutral | AU$635.14M | -15.95 | -17.62% | ― | ― | -5.41% | |
51 Neutral | AU$1.48B | -1.53 | -63.71% | ― | ― | 70.81% | |
46 Neutral | AU$768.22M | -704.50 | -11.26% | ― | -3.61% | -49.39% | |
46 Neutral | AU$495.81M | -15.19 | -8.63% | ― | ― | 1.60% | |
43 Neutral | AU$500.80M | 6.25 | -3.45% | ― | ― | 16.67% |
* Basic Materials Sector Average
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WIA Gold Limited Corporate Events
WIA Gold Issues 2 Million Unquoted Performance Rights Under Incentive Plan
Mar 17, 2026
WIA Gold Limited has notified the market of the issue of 2,000,000 unquoted performance rights under its employee incentive scheme, with an expiry date of March 16, 2031. The new securities, which are not intended to be quoted on the ASX, undersco...
WIA Gold director Mark Arnesen increases on-market shareholding
Mar 12, 2026
WIA Gold Limited has disclosed a change in director Mark Arnesen’s interests in the company’s securities, as required under ASX listing rules. Between 9 March and 11 March 2026, Arnesen acquired 175,000 fully paid ordinary shares in WI...
WIA Gold Issues 2 Million New Performance Rights
Mar 9, 2026
WIA Gold Limited has notified the market of the issue of 2,000,000 unquoted performance rights, expiring on 4 March 2031. The new equity securities, which form part of the company’s incentive arrangements, expand WIA Gold’s pool of per...
WIA Gold Appoints New Director with Long-Dated Performance Rights
Mar 9, 2026
WIA Gold Limited has appointed Adam Smits as a director effective 5 March 2026, signalling a change in the company’s board composition that may influence future strategic and operational decisions. According to the initial director’s i...
Wia Gold Issues 1.5 Million Shares on Option Conversion
Mar 9, 2026
Wia Gold Limited has issued 1,500,000 fully paid ordinary shares following the conversion of options, expanding its share capital without preparing a prospectus. The company confirmed it has met all relevant financial reporting and continuous disc...
WIA Gold Applies for Quotation of 1.5 Million New Shares on ASX
Mar 9, 2026
WIA Gold Limited has applied for quotation on the ASX of 1,500,000 new fully paid ordinary shares, with an issue date of March 5, 2026. The additional securities, arising from the exercise of options or conversion of other instruments, will expand...
Wia Gold appoints new CFO to drive Kokoseb project toward development
Mar 8, 2026
Wia Gold Limited has appointed experienced resources finance executive David Edwards as Chief Financial Officer, effective 9 March 2026, to strengthen its leadership team as it advances the Kokoseb Gold Project in Namibia. Edwards, a chartered acc...
WIA Gold Files Condensed Half-Year Financial Report for 31 December 2025
Mar 5, 2026
WIA Gold Limited has released its condensed consolidated half-year report for the period ended 31 December 2025, providing investors with an overview of its financial performance, position, cash flows, and changes in equity. The document includes ...
Wia Gold Adds Veteran Project Executive to Board as Kokoseb Study Advances
Mar 4, 2026
Wia Gold Limited has strengthened its board with the appointment of experienced mining executive Adam Smits as a Non-Executive Director, effective immediately, bringing more than three decades of technical, development and operational expertise ac...
WIA Gold Issues 1.3 Million Unquoted Performance Rights Under Incentive Scheme
Feb 5, 2026
WIA Gold Limited has notified the market of the planned issue of 1,326,535 unquoted performance rights, expiring on 16 October 2029, under its employee incentive scheme. The new equity awards, which are not intended to be quoted on the ASX, are de...
WIA Gold Issues 10 Million Unquoted Performance Rights to Support Long-Term Strategy
Feb 5, 2026
WIA Gold Limited has notified the market of the issue of 10 million unquoted performance rights, expiring on 2 February 2031. The new securities, to be issued on 2 February 2026 as a separate class, appear structured to align incentives and potent...
WIA Gold Names Henk Diederichs Director, Discloses Significant Equity Interests
Feb 3, 2026
WIA Gold Limited has appointed Henk Diederichs as a director effective 1 February 2026, and has disclosed his initial interests in the company’s securities in accordance with listing rules. Diederichs directly holds 650,000 ordinary fully pa...
Wia Gold Completes Côte d’Ivoire Asset Divestment to Focus on Namibian Flagship
Feb 2, 2026
Wia Gold Limited has completed the divestment of all its non-core gold exploration permits in Côte d’Ivoire to ASX-listed Santa Fe Minerals Limited, receiving 20 million ordinary shares and 8 million performance rights in Santa Fe as co...
Santa Fe Minerals Completes Côte d’Ivoire Gold Project Acquisition from WIA Gold
Feb 2, 2026
Santa Fe Minerals has completed the acquisition of gold projects in Côte d’Ivoire from WIA Gold Limited, issuing 20 million ordinary shares and 8 million milestone-based performance rights as consideration under a binding share sale agr...
WIA Gold Reaffirms Kokoseb Development Plans Ahead of 2026 Site Visit
Feb 2, 2026
WIA Gold Limited has released a presentation outlining its ongoing work to develop the Kokoseb gold deposit into a major Namibian gold mine, ahead of a scheduled site visit in February 2026. The company reiterates previously reported mineral resou...
Wia Gold names new CEO to drive Kokoseb gold project into development
Jan 14, 2026
Wia Gold Limited has appointed seasoned mining executive Henk Diederichs as Managing Director and Chief Executive Officer from 1 February 2026, with current Executive Chairman Josef El‑Raghy moving to the role of Non‑Executive Chairman...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.