West Wits Mining Limited (AU:WWI)
ASX:WWI
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West Wits Mining Limited
(Sydney:WWI)
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Rating:40Underperform
Price Target:
AU$0.51
â–²(625.71% Upside)
Action:DowngradedDate:03/24/26
The score is driven primarily by weak financial quality—loss-making operations and negative cash flows—despite strong revenue growth and low leverage. Technically, the stock is in a bearish trend and trading below key moving averages, with oversold indicators providing only limited support. Valuation is constrained by negative earnings and the absence of dividend yield data.
Positive Factors
Revenue Growth
A 63.64% revenue increase signals material top-line expansion and stronger project activity. For a development-focused gold company this suggests growing asset valuation and improved scale potential, strengthening the outlook for future production and monetization.
Negative Factors
Negative Cash Flows
Persistent negative operating and free cash flows hinder the company's ability to self-fund development and sustain operations. Over months this elevates reliance on external financing, lengthens project timelines and raises dilution and execution risk for shareholders.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
A 63.64% revenue increase signals material top-line expansion and stronger project activity. For a development-focused gold company this suggests growing asset valuation and improved scale potential, strengthening the outlook for future production and monetization.
Read all positive factors
West Wits Mining Limited (WWI) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$232.54M
Dividend YieldN/A
Average Volume (3M)30.42M
Price to Earnings (P/E)―
Beta (1Y)2.00
Revenue GrowthN/A
EPS Growth-67.74%
CountryAU
Employees5
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding434,647,520
10 Day Avg. Volume29,920,168
30 Day Avg. Volume30,417,383
Financial Highlights & Ratios
PEG Ratio-0.18
Price to Book (P/B)1.11
Price to Sales (P/S)932.19
P/FCF Ratio-10.58
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)N/A
Revenue Forecast (FY)N/A
West Wits Mining Limited Business Overview & Revenue Model
Company Description
West Wits Mining Limited explores for and develops gold and base metals mining tenements in South Africa and Western Australia. Its flagship project is the Witwatersrand Basin project located in South Africa. The company was incorporated in 2007 a...
How the Company Makes Money
WWI’s primary way to make money is through the development and operation of gold mining projects and the sale of produced gold into commodity markets. Where projects reach production, revenue is generated from gold doré/bullion sales, with cash fl...
West Wits Mining Limited Financial Statement Overview
Summary
Income Statement
35
Negative
Balance Sheet
45
Neutral
Cash Flow
30
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 19.00K | 54.00K | 28.00K | 56.00K | 67.00K | 78.00K |
| Gross Profit | 12.00K | 54.00K | -110.00K | -116.00K | -33.00K | 74.00K |
| EBITDA | -4.41M | -2.19M | -1.68M | -2.95M | -5.53M | -431.00K |
| Net Income | -5.03M | -3.27M | -1.68M | -2.75M | -5.28M | -341.00K |
Balance Sheet | ||||||
| Total Assets | 74.57M | 43.42M | 28.23M | 25.93M | 27.28M | 15.49M |
| Cash, Cash Equivalents and Short-Term Investments | 22.56M | 12.15M | 1.41M | 1.37M | 2.33M | 973.00K |
| Total Debt | 17.70M | 1.05M | 68.00K | 150.00K | 1.00M | 129.00K |
| Total Liabilities | 22.12M | 5.88M | 3.10M | 3.14M | 5.01M | 2.57M |
| Stockholders Equity | 58.19M | 45.31M | 32.53M | 30.17M | 28.76M | 18.85M |
Cash Flow | ||||||
| Free Cash Flow | -12.43M | -4.76M | -2.92M | -4.92M | -13.30M | -4.72M |
| Operating Cash Flow | -5.03M | -1.18M | -1.53M | -2.68M | -3.00M | -2.01M |
| Investing Cash Flow | -16.12M | -3.58M | -1.40M | -2.24M | -10.30M | -2.71M |
| Financing Cash Flow | 42.71M | 15.44M | 2.90M | 4.44M | 14.67M | 4.43M |
West Wits Mining Limited Technical Analysis
Positive
0.07
Price Trends
0.74
Negative
0.72
Negative
0.56
Positive
Market Momentum
-0.02
Negative
46.83
Neutral
54.17
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:WWI, the sentiment is Positive. The current price of 0.07 is below the 20-day moving average (MA) of 0.64, below the 50-day MA of 0.74, and below the 200-day MA of 0.56, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 46.83 is Neutral, neither overbought nor oversold. The STOCH value of 54.17 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:WWI.
West Wits Mining Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
60 Neutral | AU$274.04M | -54.81 | -9.62% | ― | ― | 13.13% | |
56 Neutral | AU$204.84M | -301.32 | -2.84% | ― | ― | -92.31% | |
46 Neutral | AU$111.63M | -8.13 | -13.28% | ― | ― | ― | |
40 Underperform | AU$232.54M | -21.67 | -9.73% | ― | ― | -67.74% |
* Basic Materials Sector Average
AU:WWI
West Wits Mining Limited
0.53
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0.09
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Torque Metals Ltd.
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Horizon Gold Ltd
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147.84%
West Wits Mining Limited Corporate Events
West Wits Sells Mt Cecelia Project to Aventine, Retains Royalty and Equity Upside
Apr 29, 2026
West Wits Mining Limited has agreed to divest its Mt Cecelia gold exploration project in Western Australia to Aventine Resources via the sale of 100% of Northern Reserves Pty Ltd, while retaining exposure through a 1% net smelter returns royalty a...
West Wits Pours First Gold at Qala Shallows as Ramp-Up and Expansion Plans Advance
Apr 29, 2026
West Wits Mining has begun its transition to gold production at the Qala Shallows project in South Africa, achieving its first gold pour in March 2026 and commencing a production ramp-up. The project is notable as the first new underground gold mi...
West Wits Mining Adjusts Director Holdings After 10-for-1 Share Consolidation
Apr 22, 2026
West Wits Mining has reported a change in director Michael Quinert’s relevant interests in company securities following a 10-for-1 share consolidation approved by shareholders. The consolidation, effective 15 April 2026, reduced the number o...
West Wits Mining Completes 10-for-1 Share Consolidation and Issues New Holding Statements
Apr 16, 2026
West Wits Mining Limited has completed a 10-for-1 consolidation of its issued capital following shareholder approval at a recent general meeting, reducing its ordinary shares from roughly 4.35 billion to about 435 million, with similar proportiona...
West Wits Mining Trims Potential Dilution as 1.5 Million Options Expire
Apr 10, 2026
West Wits Mining Limited has reported a change to its capital structure following the expiry of 1,500,000 listed options (code WWIAC), which lapsed on 31 December 2025 without being exercised or converted. The cessation of these options slightly r...
West Wits Shareholders Back Capital Moves and Share Consolidation
Apr 8, 2026
West Wits Mining Limited reported that all resolutions put to shareholders at its 8 April 2026 Extraordinary General Meeting were passed, reflecting strong investor support for the company’s recent capital management actions. The meeting rat...
West Wits Mining targets investors as it steps up gold production push
Mar 22, 2026
West Wits Mining has announced that senior board and management representatives will engage investors at a series of events in Sydney and on the Gold Coast between 23 and 26 March 2026. The team, including Chairman Michael Quinert and Non-Executiv...
West Wits Mining Issues New Shares on Convertible Note Conversion
Mar 20, 2026
West Wits Mining has issued 2,500,000 fully paid ordinary shares following the conversion of two convertible notes, expanding its share capital without providing a prospectus-style disclosure to investors under Part 6D.2 of the Corporations Act. T...
West Wits Mining Seeks ASX Quotation for 2.5 Million New Shares
Mar 20, 2026
West Wits Mining Limited has applied to the ASX for quotation of 2,500,000 new ordinary fully paid shares under the code WWI, issued on March 20, 2026. The additional securities arise from the exercise or conversion of existing options or other co...
West Wits Mining Issues New Shares on Option Exercise and Confirms Compliance
Mar 19, 2026
West Wits Mining has issued 17,045,454 fully paid ordinary shares following the exercise of an equivalent number of WWIO options, expanding its share base without undertaking a formal disclosure to investors under the prospectus provisions of the ...
West Wits Mining Seeks ASX Quotation for 17 Million New Shares
Mar 19, 2026
West Wits Mining Limited has applied to the ASX for quotation of 17,045,454 new ordinary fully paid shares, to be listed under its existing ticker WWI. The issuance of these additional securities, dated March 19, 2026, will expand the company̵...
West Wits pours first gold at pioneering Qala Shallows mine in South Africa
Mar 17, 2026
West Wits Mining has produced its first gold from the Qala Shallows Gold Project, the initial stage of its Witwatersrand Basin Project in Gauteng, South Africa, with the inaugural pour completed on 17 March 2026 at Sibanye-Stillwater’s Ezulw...
West Wits Mining Releases Half-Year Report for 2025
Mar 13, 2026
West Wits Mining Limited has released its half-year report for the period from 1 July to 31 December 2025, outlining its operations review, directors’ report, and financial statements. The document provides shareholders with an overview of t...
S&P Dow Jones Finalises March 2026 All Ordinaries Rebalance
Mar 10, 2026
SP Dow Jones Indices has updated the March 2026 quarterly rebalance of the Australian All Ordinaries index, reversing earlier decisions involving African Gold Limited and American Rare Earths Limited. The revised outcome confirms that African Gold...
S&P Dow Jones Indices Unveils March 2026 Rebalance of S&P/ASX Benchmarks
Mar 6, 2026
SP Dow Jones Indices has announced the March 2026 quarterly rebalance of its SP/ASX index family, with changes effective before trading opens on March 23. The reshuffle alters membership across the SP/ASX 20, 50, 100, 200 and 300, reflecting shift...
West Wits Mining to Consolidate Shares and Listed Securities
Mar 5, 2026
West Wits Mining Limited has announced a security consolidation affecting its ordinary fully paid shares and several classes of options, performance rights and warrants listed on the ASX. The consolidation, which has been classified as a new annou...
West Wits Calls Extraordinary Meeting to Ratify Major Capital Raising
Mar 5, 2026
West Wits Mining Limited has called an Extraordinary General Meeting for 8 April 2026 in Melbourne, advising shareholders that meeting documentation will be provided electronically unless a physical copy is specifically requested. Shareholders are...
West Wits CEO Sells Shares to Cover Tax Obligations
Mar 5, 2026
West Wits Mining Limited announced that Chief Executive Officer and Managing Director Rudi Deysel has sold a parcel of ordinary shares in the company. The company stated the sale was executed solely to meet personal income tax obligations in South...
West Wits Director Boosts Shareholding via Performance Rights Exercise
Feb 20, 2026
West Wits Mining has reported a change in director Michael Quinert’s holdings following the exercise of incentive performance rights. Quinert, through his related entity Kastin Pty Ltd, converted 2,500,000 vested performance rights into an e...
West Wits steps up investor outreach at Cape Town mining conferences
Feb 8, 2026
West Wits Mining has announced that senior board and management representatives will participate in key investor and industry conferences in Cape Town in February 2026. Managing Director Rudi Deysel and Chairman Michael Quinert will attend the Min...
West Wits boosts Witwatersrand resource to 7.24Moz on new prospecting right
Feb 1, 2026
West Wits Mining has announced a 44% increase in the JORC (2012) Mineral Resource Estimate for its Witwatersrand Basin Project to 7.24 million ounces at an average grade of 4.0 grams per tonne, with 4 million ounces now in the Measured and Indicat...
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.