Great Western Mining Corporation PLC (GB:GWMO)
LSE:GWMO
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Great Western Mining
(LSE:GWMO)
Select Model
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Rating:48Neutral
Price Target:
1.50 p
▲(11.11% Upside)
Action:DowngradedDate:01/29/26
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.
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.
Read all positive and negative factors
Positive Factors
Negative 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.
Read all positive factors
Great Western Mining (GWMO) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£6.07M
Dividend YieldN/A
Average Volume (3M)7.40M
Price to Earnings (P/E)―
Beta (1Y)0.59
Revenue GrowthN/A
EPS GrowthN/A
CountryUK
Employees10
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)N/A
Shares Outstanding411,832,120
10 Day Avg. Volume11,025,067
30 Day Avg. Volume7,404,381
Financial Highlights & Ratios
PEG Ratio-0.05
Price to Book (P/B)0.18
Price to Sales (P/S)0.00
P/FCF Ratio-1.35
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
Great Western Mining Business Overview & Revenue Model
Company Description
Great 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 prim...
How the Company Makes Money
null...
Great Western Mining Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
62
Positive
Cash Flow
24
Negative
| Breakdown | Jun 2025 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -971.91K | 0.00 | -951.00K | -532.00K | -849.00K |
| Net Income | -1.74M | -953.00K | -792.00K | -536.00K | -852.00K |
Balance Sheet | |||||
| Total Assets | 9.91M | 9.46M | 8.96M | 9.31M | 8.35M |
| Cash, Cash Equivalents and Short-Term Investments | 299.35K | 95.31K | 145.20K | 2.04M | 2.29M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 453.84K | 633.02K | 339.02K | 366.28K | 433.00K |
| Stockholders Equity | 9.46M | 8.83M | 8.62M | 8.95M | 7.92M |
Cash Flow | |||||
| Free Cash Flow | -1.23M | -1.46M | -1.89M | -1.47M | -971.25K |
| Operating Cash Flow | -763.27K | -1.06M | -933.96K | -810.87K | -774.27K |
| Investing Cash Flow | -739.22K | -396.83K | -955.55K | -657.51K | -196.75K |
| Financing Cash Flow | 1.71M | 1.41M | 0.00 | 1.18M | 2.99M |
Great Western Mining 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% | |
49 Neutral | £4.98M | -1.34 | -16.00% | ― | ― | ― | |
48 Neutral | £6.07M | -0.32 | -19.17% | ― | ― | ― | |
46 Neutral | £1.99M | -0.34 | -41.22% | ― | ― | 22.22% | |
44 Neutral | £1.96M | -1.08 | -19.98% | ― | ― | ― | |
43 Neutral | £4.05M | -0.78 | -44.29% | ― | ― | ― | |
43 Neutral | £1.59M | -3.87 | -163.85% | ― | ― | ― |
* Basic Materials Sector Average
GB:GWMO
Great Western Mining
1.48
-0.63
-29.76%
GB:ALBA
Alba Mineral Resources
0.02
<0.01
13.33%
GB:KRS
Keras Resources
1.35
-0.25
-15.63%
GB:RRR
Red Rock Resources
0.02
-0.01
-37.50%
GB:CHF
Chesterfield Resources Plc
0.85
0.53
165.63%
GB:AFP
African Pioneer PLC
0.95
-0.05
-5.00%
Great Western Mining Corporate Events
Executive/Board Changes
Great Western Mining grants 4 million share options to CEO
Positive
Mar 13, 2026
Great Western Mining Corporation has granted options over 4,000,000 ordinary shares to its chief executive, Ed Loye, at an exercise price of 1.69 pence per share. The options, issued under his employment agreement and the company’s share opt...
Business Operations and StrategyRegulatory Filings and Compliance
Great Western Mining Confirms Post-Reorganisation Share Capital Structure
Neutral
Mar 2, 2026
Great Western Mining Corporation, listed on AIM and Euronext Growth, operates a multi-commodity strategy across copper, gold, silver and tungsten projects in Nevada, targeting both near-term development and longer-term exploration. The companyR...
Business Operations and StrategyPrivate Placements and Financing
Great Western accelerates Nevada tungsten push toward maiden resource
Positive
Mar 2, 2026
Great Western Mining is intensifying work at its Defender-Pine Crow tungsten project in Mineral County, Nevada, aiming to convert recent encouraging assay results into a maiden mineral resource estimate by the fourth quarter of 2026. The programme...
Regulatory Filings and Compliance
Great Western Mining Updates Total Voting Rights After Share Capital Change
Neutral
Feb 18, 2026
Great Western Mining Corporation has confirmed that, following a recent share capital reorganisation, it now has 376,117,845 ordinary shares of €0.0001 each in issue with full voting rights and no shares held in treasury. The updated share c...
Business Operations and StrategyPrivate Placements and Financing
Great Western Mining raises £3.25m to fast-track Nevada tungsten drilling
Positive
Jan 30, 2026
Great Western Mining has raised £3.25 million in an oversubscribed placing at 1.4p per share, issuing one three-year warrant at 2.0p for each placing share, to accelerate work across its Nevada portfolio. The funds will primarily fast-track d...
Business Operations and Strategy
Great Western Confirms High-Grade Tungsten at Nevada Defender Project
Positive
Jan 29, 2026
Great Western Mining has confirmed significant tungsten mineralisation at its Defender project in Mineral County, Nevada, following machine-cut channel sampling that delivered strong assay results and minimal processing penalty elements. Two chann...
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 Nevada̵...
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 gol...
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 Ne...
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 sa...
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
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