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Wishbone Gold PLC (GB:WSBN)
LSE:WSBN

Wishbone Gold (WSBN) AI Stock Analysis

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GB:WSBN

Wishbone Gold

(LSE:WSBN)

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Neutral 51 (OpenAI - 5.2)
Rating:51Neutral
Price Target:
98.00p
▲(0.00% Upside)
The score is primarily constrained by weak financial performance (pre-revenue, ongoing losses, and negative free cash flow) despite low leverage. Technicals provide some support with price trading above key moving averages, but mixed momentum signals and limited valuation support (loss-making, no dividend yield provided) keep the overall score in the low-to-mid range.

Wishbone Gold (WSBN) vs. iShares MSCI United Kingdom ETF (EWC)

Wishbone Gold Business Overview & Revenue Model

Company DescriptionWishbone Gold Plc engages in the gold production and trading activities in Australia. It explores for gold, silver, copper, lead, and other metals. The company's projects include the Red Setter and Cottesloe projects located in the Patersons Range region of Western Australia; and the White Mountain project located in Queensland. It also holds interests in the Wishbone II, IV, and VI projects located in Queensland. The company was incorporated in 2009 and is based in Gibraltar.
How the Company Makes Money

Wishbone Gold Financial Statement Overview

Summary
Income Statement
Balance Sheet
Cash Flow
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue0.000.000.000.000.001.40M
Gross Profit0.000.000.000.000.0010.41K
EBITDA-671.60K-1.46M-1.27M-1.10M-907.33K-477.04K
Net Income-1.03M-1.46M-1.27M-1.16M-1.32M-514.24K
Balance Sheet
Total Assets7.38M6.14M7.15M6.56M4.50M3.05M
Cash, Cash Equivalents and Short-Term Investments825.98K124.89K18.23K1.46M3.00M1.61M
Total Debt0.000.000.000.000.0015.82K
Total Liabilities155.25K626.08K908.00K632.67K135.75K279.14K
Stockholders Equity7.23M5.52M6.25M5.93M4.36M2.77M
Cash Flow
Free Cash Flow-680.70K-1.62M-3.26M-3.91M-1.14M-681.67K
Operating Cash Flow-1.91M-1.49M-1.62M-787.35K-926.42K-299.80K
Investing Cash Flow13.29K-121.30K-1.64M-3.12M-217.13K-381.88K
Financing Cash Flow2.21M1.16M1.84M2.38M2.56M2.28M

Wishbone Gold 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%
51
Neutral
£28.71M-7.14-14.14%
49
Neutral
£8.85M-11.50-2.46%
46
Neutral
£7.12M-1.47-86.67%
44
Neutral
£18.71M-35.83-4.26%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
GB:WSBN
Wishbone Gold
95.00
76.50
413.51%
GB:ECR
ECR Minerals
0.28
-0.01
-5.17%
GB:IGLD
Caracal Gold PLC
GB:CGNR
Conroy Gold and Natural Resources
11.50
8.50
283.33%
GB:LEX
Lexington Gold
4.30
0.40
10.26%
GB:HAMA
Hamak Gold Limited
1.58
0.96
154.03%

Wishbone Gold Corporate Events

Business Operations and Strategy
Wishbone Gold Plc Discusses Red Setter Project Developments
Neutral
Dec 16, 2025

Wishbone Gold Plc announced an investor interview featuring its Chairman and CEO, Richard Poulden, along with Director Edward Mead, discussing the Red Setter Gold Dome Project. The interview covers recent developments, drilling timelines, and potential impacts from nearby operations, providing insights into the company’s future plans and expected news flow over the next year.

Business Operations and Strategy
Wishbone Gold Enhances Exploration Efficiency with New Access Road
Positive
Dec 8, 2025

Wishbone Gold Plc announced a significant update on its Red Setter Gold Dome Project, highlighting the application for a new 30km access road to improve logistical efficiency and reduce costs. The road will facilitate better access to resources and infrastructure at the Nifty Copper Mine, enhancing the company’s exploration capabilities. The 2025 drilling campaign included seven Reverse Circulation holes and six Diamond Drill holes, with assay results pending. The company anticipates that the new road will streamline operations and support a more extensive drilling program in 2026, with assay results expected to drive future exploration plans.

Delistings and Listing ChangesShareholder Meetings
Wishbone Gold Announces Successful AGM and Share Capital Reorganisation
Positive
Nov 28, 2025

Wishbone Gold Plc announced that all resolutions were passed at its AGM and EGM, paving the way for a capital reorganisation. This reorganisation involves consolidating the company’s existing shares and issuing new ordinary shares, which will be admitted to trading on AIM. This move is expected to streamline the company’s share structure and potentially enhance its market positioning.

Delistings and Listing ChangesStock Split
Wishbone Gold PLC Announces Share Consolidation and Capital Reorganization
Positive
Nov 18, 2025

Wishbone Gold PLC announced a capital reorganization involving a share consolidation and subdivision to reduce the number of issued ordinary shares and increase the share price. This restructuring is expected to result in 30,225,865 new ordinary shares and deferred B shares, with trading of the new shares commencing on December 1, 2025. The move is intended to streamline the company’s share structure, potentially improving its market positioning and attractiveness to investors.

Business Operations and Strategy
Wishbone Gold Unveils Promising Mineralisation at Red Setter Project
Positive
Nov 13, 2025

Wishbone Gold Plc has announced significant progress at its Red Setter Gold Project, with the discovery of a mineralised strike over 3km. The ongoing drilling program has revealed promising gold and copper mineralisation, suggesting potential for a large-scale gold project. The company plans to continue its exploration efforts with further diamond drilling next year, aiming to expand its understanding of the geological structures and mineralisation patterns.

Regulatory Filings and ComplianceShareholder Meetings
Wishbone Gold Schedules AGM and EGM for November 2025
Neutral
Nov 7, 2025

Wishbone Gold Plc, a company listed on AIM and AQSE, has announced the scheduling of its annual general meeting (AGM) and an extraordinary general meeting (EGM) for November 28, 2025, in Gibraltar. The meetings will take place at Hassans International Law Firm, and letters to shareholders regarding these meetings have been dispatched. The announcement is part of the company’s compliance with regulatory obligations, and further details can be accessed on their website.

Business Operations and Strategy
Wishbone Gold Expands Exploration at Red Setter Project
Positive
Oct 17, 2025

Wishbone Gold Plc has announced an update on its Red Setter Gold Dome Project, located near the Telfer gold mine in Western Australia. The company has completed diamond drilling on a 950m hole and plans to start reverse circulation drilling on October 21. The exploration activities are being ramped up with the arrival of a new drill rig, aiming to expedite the exploration process and target shallower copper-gold intercepts. This development is expected to enhance Wishbone’s exploration capabilities and potentially improve its market positioning in the gold mining sector.

Business Operations and StrategyPrivate Placements and Financing
Wishbone Gold Expands Drilling Program at Red Setter Project
Positive
Oct 6, 2025

Wishbone Gold Plc has announced an expansion of its drilling program at the Red Setter Gold Dome Project in Western Australia, facilitated by a recent £4 million funding raise. The company has secured a second drill rig, a high-capacity Reverse Circulation rig, to complement the existing diamond drill rig, enhancing their ability to target shallower copper and gold mineralization. This strategic move is expected to expedite the drilling process and improve operational efficiencies, potentially impacting the company’s exploration success and positioning in the mining sector.

Business Operations and StrategyPrivate Placements and Financing
Wishbone Gold Expands Drilling Program at Red Setter Project
Positive
Oct 6, 2025

Wishbone Gold Plc has announced the expansion of its drilling program at the Red Setter Gold Dome Project in Western Australia, facilitated by a recent £4 million funding raise. The addition of a second drill rig, a Reverse Circulation (RC) rig, will enhance the company’s ability to target shallower copper and gold deposits, increasing operational efficiency and potentially accelerating the discovery of mineral resources, which could strengthen Wishbone’s position in the mining sector.

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 04, 2026