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West Wits Mining Limited
(Sydney:WWI)
West Wits Mining Limited (WWI) vs. iShares MSCI Australia ETF (EWA)
West Wits Mining Limited Business Overview & Revenue Model
West Wits Mining Limited Financial Statement Overview
| Breakdown | TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 33.00K | 28.00K | 66.00K | 67.00K | 78.00K | 142.00K |
| Gross Profit | -21.00K | -110.00K | -50.00K | -33.00K | 74.00K | -790.00K |
| EBITDA | -1.80M | -1.68M | -2.95M | -5.53M | -1.33M | 8.06M |
| Net Income | -2.35M | -1.68M | -2.75M | -5.28M | -341.00K | -1.67M |
Balance Sheet | ||||||
| Total Assets | 29.88M | 28.23M | 25.93M | 27.28M | 15.49M | 12.09M |
| Cash, Cash Equivalents and Short-Term Investments | 980.00K | 1.41M | 1.37M | 2.33M | 973.00K | 1.20M |
| Total Debt | 1.62M | 68.00K | 150.00K | 1.00M | 129.00K | 1.92M |
| Total Liabilities | 4.98M | 3.10M | 3.14M | 5.01M | 2.57M | 4.95M |
| Stockholders Equity | 32.56M | 32.53M | 30.17M | 28.76M | 18.85M | 13.08M |
Cash Flow | ||||||
| Free Cash Flow | -2.49M | -2.92M | -4.92M | -13.30M | -4.72M | -1.73M |
| Operating Cash Flow | -1.40M | -1.53M | -2.68M | -3.00M | -2.01M | -1.43M |
| Investing Cash Flow | -2.22M | -1.40M | -2.24M | -10.30M | -2.71M | -300.00K |
| Financing Cash Flow | 3.08M | 2.90M | 4.44M | 14.67M | 4.54M | 2.72M |
West Wits Mining Limited Technical Analysis
West Wits Mining Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | $10.29B | 9.96 | -0.15% | 2.86% | 2.14% | -32.15% | |
57 Neutral | AU$81.62M | ― | -25.16% | ― | -100.00% | 14.52% | |
46 Neutral | $76.30M | ― | -6.55% | ― | ― | -50.00% | |
43 Neutral | AU$79.45M | ― | -32.13% | ― | 51.91% | 42.86% | |
43 Neutral | AU$70.51M | ― | -12.14% | ― | ― | -9.09% | |
39 Underperform | AU$72.37M | ― | -7.39% | ― | ― | -28.57% | |
36 Underperform | AU$78.94M | ― | -1.69% | ― | ― | 79.79% |
West Wits Mining Limited Corporate Events
West Wits Mining Limited has issued 4,650,000 fully paid ordinary shares as incentive securities to its staff, without requiring disclosure to investors under the Corporations Act. This strategic move is expected to align staff interests with company goals, potentially enhancing operational performance and stakeholder value.
West Wits Mining Limited has announced the issuance of 4,650,000 ordinary fully paid securities, which will be quoted on the Australian Securities Exchange (ASX). This move is part of an employee incentive scheme and is expected to bolster the company’s operational capabilities and market positioning by potentially increasing liquidity and attracting investor interest.
West Wits Mining Limited has secured a senior syndicated loan facility of ZAR 875 million (~USD 50 million) to fund the development of the Qala Shallows Gold Project, marking a significant step forward in its operations. This funding, provided by the Industrial Development Corporation of South Africa and Absa Bank, will cover 55% of the project’s costs, with the remainder financed through equity and operational revenues. The project is expected to create over 1,000 jobs and contribute to regional economic growth, as the company transitions from planning to active development with key infrastructure and personnel in place.
West Wits Mining Limited has announced the issuance of 16,048,244 fully paid ordinary shares as compensation for services rendered, without the need for disclosure to investors under the Corporations Act 2001. This strategic move is part of the company’s compliance with regulatory requirements and reflects its ongoing operational adjustments, potentially impacting its financial strategy and stakeholder relations.
West Wits Mining Limited has announced the quotation of 16,048,244 ordinary fully paid securities on the ASX, as part of previously disclosed transactions. This move is expected to bolster the company’s financial position and potentially enhance its market visibility, offering stakeholders an opportunity to engage with its growth trajectory.
West Wits Mining Limited has announced the issuance of 23,900,000 unquoted securities under an employee incentive scheme. This move is part of the company’s strategy to incentivize its workforce, potentially impacting its operational dynamics and stakeholder interests by aligning employee performance with company goals.
West Wits Mining Limited announced a proposed issue of 16,048,244 ordinary fully paid securities, with the issue date set for June 27, 2025. This move is part of a placement or other type of issue, potentially impacting the company’s capital structure and providing additional resources for its operations, which could influence its market positioning and stakeholder interests.
West Wits Mining Limited has issued 95,954,544 fully paid ordinary shares at a price of $0.022 per share without disclosure to investors under Part 6D.2 of the Corporations Act 2001. This strategic move aims to enhance the company’s capital base, potentially impacting its financial stability and market position positively.
West Wits Mining Limited has announced the issuance of 95,954,544 fully paid ordinary shares, which will be quoted on the Australian Securities Exchange (ASX) under the code WWI. This move is part of a previously announced transaction, potentially enhancing the company’s financial position and market visibility.
West Wits Mining Limited has released updates on its Qala Shallows Definitive Feasibility Study (DFS) for the Witwatersrand Basin Project, indicating improved results. The project, which includes inferred mineral resources, is strategically positioned within a well-researched geological structure. The company emphasizes that the ability to achieve production targets will depend on securing adequate funding and resolving logistical challenges, highlighting the potential impact on its operations and positioning in the gold mining sector.
West Wits Mining Limited has announced the finalization of a $14 million placement to fund key activities and expand its ownership of the Witwatersrand Basin Project to 74%. The company is updating its Definitive Feasibility Study for the Qala Shallows project to reflect improved mine economics, which is expected to lower funding requirements, shorten payback periods, and increase net present value estimates. Mobilization for ore extraction has commenced, with equipment and infrastructure preparations underway. This strategic move is part of West Wits Mining’s broader vision to significantly increase its gold production capacity.
West Wits Mining Limited announced the issuance of 544,545,444 fully paid ordinary shares at a price of $0.022 per share. This move, conducted without disclosure to investors under Part 6D.2 of the Corporations Act, signifies the company’s compliance with relevant legal provisions and its strategic effort to raise capital, potentially impacting its financial standing and market operations.
West Wits Mining Limited has announced the quotation of 544,545,444 fully paid ordinary securities on the Australian Securities Exchange (ASX) as part of a previously announced transaction. This move is expected to enhance the company’s market presence and provide additional capital for its ongoing and future mining operations, potentially impacting its industry positioning and offering new opportunities for stakeholders.
West Wits Mining Limited has announced a proposed issue of securities, including 12,500,000 options and 25,000,000 ordinary fully paid shares, with the issuance date set for July 31, 2025. This move is part of the company’s strategy to raise capital, potentially impacting its financial position and market operations by providing additional resources for its ongoing projects.
West Wits Mining Limited has announced a proposed issue of securities, which includes the issuance of 652,636,348 ordinary fully paid shares and 326,318,174 options with an exercise price of $0.0385, expiring two years from the issue date. This move is aimed at raising capital to support the company’s operational expansion and enhance its market positioning, potentially impacting stakeholders by increasing the company’s financial resources for future projects.
West Wits Mining Limited has successfully raised approximately $14 million through a share placement to existing and new sophisticated investors, aimed at strengthening its balance sheet and funding the commencement of operations at the Qala Shallows gold project. This capital initiative will also facilitate the buy-back of a 10% minority interest in its South African subsidiary, increasing its stake in the Witwatersrand Basin Project to 74%, and support general corporate expenses.
West Wits Mining Limited, listed on the ASX under the ticker WWI, has requested a trading halt on its securities pending an announcement regarding a proposed capital raising. This move is intended to manage the company’s continuous disclosure obligations and is expected to last until the announcement is made or normal trading resumes on 16 June 2025. The halt reflects the company’s strategic efforts to secure additional capital, which could impact its operational capabilities and market positioning.
West Wits Mining Limited has announced the issuance of 3,209,830 fully paid ordinary shares following the conversion of two convertible notes. This strategic move, executed without disclosure to investors under specific provisions of the Corporations Act, reflects the company’s compliance with regulatory requirements and its ongoing efforts to strengthen its financial position.
West Wits Mining Limited announced the issuance of 3,209,830 ordinary fully paid securities, which are set to be quoted on the ASX. This move is part of the company’s strategy to capitalize on exercised options or converted securities, potentially impacting its financial structure and market positioning by increasing its available capital.
West Wits Mining Limited has experienced a notable increase in its securities’ price and trading volume, attributed to recent announcements and external factors. The company recently confirmed a credit-approved term sheet for a significant loan facility and is progressing with funding negotiations for its Qala Shallows project. Additionally, the rising gold prices and positive third-party commentary have contributed to the trading activity.
West Wits Mining Limited announced the cessation of 5,000,000 securities due to the expiry of options or other convertible securities without exercise or conversion. This development may impact the company’s capital structure and could influence investor perceptions regarding the company’s financial strategies and market positioning.
West Wits Mining Limited has secured a senior debt facility of up to ZAR 902.5 million (~USD 50 million) from the Industrial Development Corporation of South Africa and Absa Bank Limited for its Qala Shallows Gold Project. This funding, covering 55% of the project costs, marks a significant step towards production, with the first gold pour targeted for Q4 2025. In light of gold prices exceeding USD 3,000/oz, the company is conducting a strategic review to optimize its mining plans and potentially unlock additional value from the Witwatersrand Basin Project.