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Great Western Mining Corporation PLC (GB:GWMO)
LSE:GWMO

Great Western Mining (GWMO) AI Stock Analysis

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GB:GWMO

Great Western Mining

(LSE:GWMO)

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Neutral 48 (OpenAI - 5.2)
Rating:48Neutral
Price Target:
1.50p
▲(11.11% Upside)
The score is primarily held down by weak financial performance—no revenue, recurring losses, and consistent cash burn—despite low reported leverage. Technicals are comparatively supportive with the price trading above major moving averages and moderately positive momentum, but valuation is constrained by a negative P/E and no dividend yield data.
Positive Factors
Zero debt / low leverage
A zero-debt balance sheet materially reduces default and interest-rate risk, giving management flexibility to fund exploration via equity, partnerships or targeted JV deals. This structural buffer helps the company withstand exploration cycles and cash burn without immediate solvency pressure.
Strategic focus on copper and related metals
Concentrating efforts on copper and related metals provides clear strategic direction and makes asset selection and technical expertise more reusable across projects. A sector-focused exploration model supports repeatable permitting, geological learning curves, and more credible partnership conversations with developers and offtakers.
Improved free cash outflow in 2024
A reduction in negative free cash flow, even if still an outflow, signals operational progress or cost control that can extend runway and reduce near-term financing needs. Sustained improvement would lower execution risk and make the company a more viable partner for farm‑outs or project funding.
Negative Factors
No revenue over 2020–2024
Absent any top-line, the business remains exploration-stage with no proven commercialization model. That structural lack of revenue prevents margin development, forces reliance on external capital or asset sales, and means long-term value depends on successful resource conversion or partnering.
Consistent negative operating and free cash flow
Persistent cash burn heightens financing and execution risk: the company must continually raise capital or dilute shareholders to fund operations and project advancement. Over months this limits autonomy, delays project timelines, and makes long-term planning contingent on external funding availability.
Deteriorating returns and widening losses in 2024
Worsening ROE and larger 2024 net losses indicate the company is eroding equity value rather than creating it. This structural deterioration undermines investor confidence, raises the bar for future capital raises, and can increase the cost of partnerships or financing needed to advance projects to development.

Great Western Mining (GWMO) vs. iShares MSCI United Kingdom ETF (EWC)

Great Western Mining Business Overview & Revenue Model

Company DescriptionGreat Western Mining Corporation PLC engages in the exploration and development of mineral properties in the United States, the Republic of Ireland, and the United Kingdom. The company explores for copper, silver, gold, and other minerals. It primarily holds interests in 249 full and fractional claims covering an area of approximately 20.7 square kilometers in Black Mountain Claim Group; and 107 full and 12 fractional claims covering an area of approximately 10 square kilometers in Huntoon Claim Group. Great Western Mining Corporation PLC was incorporated in 2004 and is based in Dublin, Ireland.
How the Company Makes Money

Great Western Mining Financial Statement Overview

Summary
Overall financials indicate high risk: no revenue reported across 2020–2024 with persistent net losses, and operating/free cash flow negative each year (ongoing cash burn). The main offset is low balance-sheet leverage (zero reported debt) and a meaningful equity base, but continued losses erode equity value over time.
Income Statement
8
Very Negative
The company reports no revenue across 2020–2024, with persistent operating losses (EBIT and net income negative each year). Losses widened in 2024 versus 2023 (net loss increased), indicating weak profitability trajectory and limited evidence of operating leverage. A modest positive is that losses have not been steadily accelerating every year, but overall earnings quality remains very weak given the absence of top-line generation.
Balance Sheet
62
Positive
Leverage appears low with total debt reported at zero and a sizable equity base (~9.5M in 2024) supporting the asset base (~9.9M). However, equity returns are consistently negative, and the return on equity deteriorated in 2024 versus 2023, reflecting ongoing value erosion from losses. Overall balance-sheet risk from debt looks limited, but continued losses are a key risk to longer-term equity strength.
Cash Flow
24
Negative
Cash generation is weak: operating cash flow and free cash flow are negative in every year shown, implying ongoing cash burn. Free cash outflow improved in 2024 versus 2023 (less negative), but the business still requires funding to sustain operations and investment. Cash flow is also volatile year to year, which increases financing and execution risk.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue0.000.000.000.000.000.00
Gross Profit0.000.000.000.000.000.00
EBITDA-408.70K-971.91K0.00-951.00K-532.00K-849.00K
Net Income-1.74M-1.74M-953.00K-792.00K-536.00K-852.00K
Balance Sheet
Total Assets9.91M9.91M9.46M8.96M9.31M8.35M
Cash, Cash Equivalents and Short-Term Investments1.24M299.35K95.31K145.20K2.04M2.29M
Total Debt0.000.000.000.000.000.00
Total Liabilities751.83K453.84K633.02K339.02K366.28K433.00K
Stockholders Equity9.16M9.46M8.83M8.62M8.95M7.92M
Cash Flow
Free Cash Flow-1.52M-1.23M-1.46M-1.89M-1.47M-971.25K
Operating Cash Flow-1.05M-763.27K-1.06M-933.96K-810.87K-774.27K
Investing Cash Flow-816.07K-739.22K-396.83K-955.55K-657.51K-196.75K
Financing Cash Flow2.87M1.71M1.41M0.001.18M2.99M

Great Western Mining Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
61
Neutral
$10.43B7.12-0.05%2.87%2.86%-36.73%
49
Neutral
£3.34M-4.44-16.00%
48
Neutral
£2.92M-0.48-18.92%
46
Neutral
£2.45M-0.37-39.69%22.22%
44
Neutral
£2.27M-2.20-19.98%
43
Neutral
£4.86M-0.60-44.29%
43
Neutral
£1.97M-1.91-163.85%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
GB:GWMO
Great Western Mining
1.63
-1.28
-43.97%
GB:ALBA
Alba Mineral Resources
0.02
>-0.01
-7.69%
GB:KRS
Keras Resources
1.45
-0.50
-25.64%
GB:RRR
Red Rock Resources
0.03
-0.01
-29.73%
GB:CHF
Chesterfield Resources Plc
1.05
0.67
176.32%
GB:AFP
African Pioneer PLC
1.20
0.00
0.00%

Great Western Mining Corporate Events

Business Operations and Strategy
Great Western Mining Advances Olympic Gold Project With Rhyolite Dome Survey and Drilling Results
Positive
Jan 28, 2026

Great Western Mining has reported results from an induced polarisation geophysical survey and a maiden reverse circulation drilling programme at the Rhyolite Dome prospect, part of its Olympic Gold epithermal precious metals project in Nevada’s Walker Lane trend. Six IP survey lines outlined a near-surface resistivity anomaly associated with a fault and a deeper, untested chargeable feature more than 300 metres below surface, while four shallow RC holes intercepted silicified, hydrothermally altered volcanic rocks typical of an epithermal system, returning low-grade gold but more notable silver mineralisation and elevated pathfinder elements such as barium, arsenic, manganese, lithium and antimony. Although the first-pass drilling did not deliver significant precious metal intercepts, management said the combination of geological, geochemical and geophysical data has materially advanced understanding of the Rhyolite Dome system and will be used to refine the geological model and target future exploration, particularly towards the deeper chargeable anomaly that remains untested, underscoring the project’s potential within a historically high-grade gold district.

The most recent analyst rating on (GB:GWMO) stock is a Hold with a £1.50 price target. To see the full list of analyst forecasts on Great Western Mining stock, see the GB:GWMO Stock Forecast page.

Business Operations and Strategy
Great Western Confirms Gold and Silver Potential at West Huntoon in Nevada
Positive
Jan 22, 2026

Great Western Mining has confirmed gold, silver and copper mineralisation at its West Huntoon project in Nevada following a six-hole reverse circulation drilling campaign totalling 3,630 feet, with highlight intercepts including up to 2.55 g/t gold and 19 g/t silver over five feet and broader zones of precious metal and elevated pathfinder elements. The results demonstrate the gold and silver fertility of the Cretaceous Crown Point granite, newly recognised by the company, and are seen as a major advance that broadens the project’s scope beyond copper, informing 2026 exploration plans that will focus on further testing the granite, assaying historical drill material and expanding geological mapping, thereby potentially enhancing Great Western’s multi-commodity position in the Walker Lane Trend and its exposure to US-focused metal supply chains.

The most recent analyst rating on (GB:GWMO) stock is a Hold with a £1.50 price target. To see the full list of analyst forecasts on Great Western Mining stock, see the GB:GWMO Stock Forecast page.

Business Operations and StrategyExecutive/Board Changes
Great Western Mining Names Ed Loye as CEO to Drive Nevada Growth
Positive
Jan 12, 2026

Great Western Mining Corporation has appointed experienced geologist Edward (Ed) Loye as Chief Executive Officer, effective 1 February 2026, reinforcing its focus on value creation and the delivery of its exploration and development projects in Nevada. Loye, who has already been working with the company as a geological consultant and is expected to join the board in due course, brings more than two decades of international experience across rare earths, critical, precious and base metals, including founding and leading exploration ventures and contributing to UK government-backed critical minerals programmes. The board and incoming CEO emphasised that his technical expertise and commercial track record are expected to accelerate Great Western’s Nevada exploration programmes and support the advancement of its strategically important projects, with an explicit focus on building long-term shareholder value.

The most recent analyst rating on (GB:GWMO) stock is a Hold with a £1.50 price target. To see the full list of analyst forecasts on Great Western Mining stock, see the GB:GWMO Stock Forecast page.

Business Operations and Strategy
Great Western Mining Advances Tungsten Prospect in Nevada with New Sampling Programme
Positive
Jan 5, 2026

Great Western Mining has reported progress at its 100%-owned Pine Crow-Defender tungsten prospect in Mineral County, Nevada, where it has completed a machine-cut channel sampling programme over existing trenches following earlier anomalous soil sampling results. The company says initial observations from the trenching work are highly encouraging, with samples now at the laboratory for assay; results expected in January could shape an early drilling campaign and would further strengthen Great Western’s positioning in meeting growing US demand for secure domestic supplies of critical strategic minerals, complementing ongoing copper and gold exploration across its wider portfolio.

The most recent analyst rating on (GB:GWMO) stock is a Hold with a £1.50 price target. To see the full list of analyst forecasts on Great Western Mining stock, see the GB:GWMO Stock Forecast page.

Business Operations and Strategy
Great Western Mining Completes Q4 Exploration, Eyes Tungsten Expansion
Positive
Nov 18, 2025

Great Western Mining Corporation PLC has successfully completed its Q4 exploration program in Nevada, focusing on copper, gold, and tungsten prospects. The program included a reverse circulation drilling campaign at the West Huntoon copper and Rhyolite Dome gold prospects, with results expected soon. The company is accelerating efforts at its tungsten targets following promising soil sample results, aiming to conduct further sampling before year-end, weather permitting. This exploration season has been productive, and the company is well-funded for continued development.

Regulatory Filings and Compliance
Great Western Mining Updates Share Capital Structure
Neutral
Nov 3, 2025

Great Western Mining Corporation announced the total number of ordinary shares in issue following a recent share capital reorganization, which stands at 179,689,274. This update is crucial for shareholders to determine their notification requirements under transparency regulations, impacting the company’s regulatory compliance and shareholder communications.

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.Date of analysis: Jan 29, 2026