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Mitre Mining Corporation Limited
(Sydney:ASL)
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Rating:52Neutral
Price Target:
AU$2.50
▼(-11.03% Downside)
Action:Reiterated
Date:08/22/26
The score is held back primarily by weak financial performance: ongoing losses, inconsistent revenue, and persistent negative operating/free cash flow despite a low-debt balance sheet. Technicals provide the main support, with the stock trading above key moving averages and positive momentum, although near-overbought readings add short-term risk. Valuation remains unattractive due to negative earnings (negative P/E) and no indicated dividend yield.
Positive Factors
Very low leverage
Minimal debt materially reduces near-term solvency and interest-burden risk, giving the company greater flexibility than a highly leveraged explorer. This balance-sheet structure can help preserve funding capacity for exploration and project development while limiting creditor pressure.
Negative Factors
Persistent and deep losses
Repeatedly large net losses show that the company has not yet established a profitable operating model. Continued losses reduce retained capital, weaken returns on equity and make future value creation dependent on successful exploration outcomes or additional financing.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage
Minimal debt materially reduces near-term solvency and interest-burden risk, giving the company greater flexibility than a highly leveraged explorer. This balance-sheet structure can help preserve funding capacity for exploration and project development while limiting creditor pressure.
Read all positive factors
Mitre Mining Corporation Limited (ASL) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$514.73M
Dividend YieldN/A
Average Volume (3M)1.05M
Price to Earnings (P/E)―
Beta (1Y)3.00
Revenue GrowthN/A
EPS Growth50.24%
CountryAU
Employees3
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)-0.11
Shares Outstanding212,700,400
10 Day Avg. Volume1,428,451
30 Day Avg. Volume1,049,790
Financial Highlights & Ratios
PEG Ratio2.65
Price to Book (P/B)5.84
Price to Sales (P/S)0.00
P/FCF Ratio-73.88
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)-0.1
Revenue Forecast (FY)N/A
Mitre Mining Corporation Limited Business Overview & Revenue Model
Company Description
Andean Silver Limited is primarily involved in the discovery and development of mineral assets, conducting its operations within Australia. The company's principal undertaking is the Cerro Bayo Silver-Gold project, situated in the Aysen region of ...
How the Company Makes Money
Mitre Mining Corporation Limited’s primary business activity is mineral exploration and evaluation, which typically does not generate recurring operating revenue unless the company has producing assets (information on producing operations is null)...
Mitre Mining Corporation Limited Financial Statement Overview
Summary
Income Statement
9
Very Negative
Balance Sheet
56
Neutral
Cash Flow
18
Very Negative
| Breakdown | Dec 2025 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 1.41M | 305.29K | 10.26K | 0.00 |
| Gross Profit | -790.13K | 370.28K | -12.43K | -17.52K | -17.53K |
| EBITDA | -20.57M | -11.09M | -7.43M | -1.63M | -626.29K |
| Net Income | -20.05M | -17.46M | -10.13M | -1.66M | -646.28K |
Balance Sheet | |||||
| Total Assets | 103.75M | 52.73M | 37.44M | 4.41M | 4.35M |
| Cash, Cash Equivalents and Short-Term Investments | 56.09M | 12.24M | 9.92M | 2.68M | 3.37M |
| Total Debt | 268.08K | 373.91K | 112.63K | 31.21K | 40.50K |
| Total Liabilities | 26.26M | 24.64M | 20.78M | 202.56K | 114.96K |
| Stockholders Equity | 77.49M | 28.09M | 16.66M | 4.21M | 4.24M |
Cash Flow | |||||
| Free Cash Flow | -6.13M | -22.35M | -10.25M | -1.78M | -1.50M |
| Operating Cash Flow | -6.05M | -9.08M | -3.90M | -1.11M | -622.43K |
| Investing Cash Flow | -8.14M | -13.22M | -6.35M | -669.89K | -881.46K |
| Financing Cash Flow | 58.04M | 24.62M | 17.49M | 1.09M | 4.62M |
Mitre Mining Corporation Limited Technical Analysis
Neutral
2.81
Price Trends
2.18
Positive
2.13
Positive
2.13
Positive
Market Momentum
0.11
Positive
50.31
Neutral
22.92
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:ASL, the sentiment is Neutral. The current price of 2.81 is above the 20-day moving average (MA) of 2.50, above the 50-day MA of 2.18, and above the 200-day MA of 2.13, indicating a neutral trend. The MACD of 0.11 indicates Positive momentum. The RSI at 50.31 is Neutral, neither overbought nor oversold. The STOCH value of 22.92 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:ASL.
Mitre Mining Corporation Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | AU$418.85M | 9.00 | 51.83% | 4.27% | 37.04% | ― | |
78 Outperform | AU$593.18M | 2.18 | 79.54% | ― | 161.65% | 2191.43% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
58 Neutral | AU$783.52M | -66.28 | -4.83% | 3.03% | ― | 30.19% | |
53 Neutral | AU$907.61M | -27.54 | -19.18% | ― | ― | -18.50% | |
52 Neutral | AU$514.73M | -22.00 | -25.87% | ― | ― | 50.24% |
* Basic Materials Sector Average
AU:ASL
Mitre Mining Corporation Limited
2.43
0.88
56.77%
AU:BCN
Beacon Minerals
3.51
1.50
74.80%
AU:FML
Focus Minerals Ltd
2.07
1.44
228.57%
AU:TCG
Turaco Gold Ltd
0.83
0.33
67.68%
AU:AUC
Ausgold Limited
1.41
0.53
59.66%
Mitre Mining Corporation Limited Corporate Events
Mitre Mining Issues Outline of Interim Financial Report
Sep 2, 2026
Mitre Mining Corporation Limited has issued a document outline that includes its directors’ report, interim condensed consolidated financial statements, and related auditor declarations and review reports. The structure suggests a routine co...
Andean Silver Plans A$40m Equity Raising to Advance Cerro Bayo Project
Sep 2, 2026
Andean Silver Ltd, listed on the ASX, operates in the silver and gold mining sector with a focus on the Cerro Bayo project in Chile, reporting its mineral resources under the JORC Code. The company leverages historic plant performance at Cerro Bay...
Andean Silver Plans Share Placement to Bolster Capital Base
Sep 2, 2026
Andean Silver Limited has notified the ASX of a proposed placement involving up to 16,326,531 ordinary fully paid shares, with the new securities expected to be issued on 9 September 2026. The capital raising signals an effort to strengthen the co...
Andean Silver raises A$40m to fast-track Cerro Bayo restart
Sep 2, 2026
Andean Silver Limited has secured firm commitments from institutional and sophisticated investors to raise A$40 million via a discounted share placement, lifting its pro-forma cash balance to about A$82.7 million. The raise was strongly supported ...
Andean Silver Seeks Trading Halt Ahead of Capital Raising
Aug 31, 2026
The ASX has placed Andean Silver Limited’s shares in a trading halt at the company’s request, pending the release of an announcement. The halt will remain in effect until either the planned announcement is made or normal trading resume...
Andean Silver boosts Cerro Bayo resources and launches major drilling push
Jul 29, 2026
Andean Silver reported a 230% increase in Measured and Indicated resources at its Cerro Bayo silver-gold project, a milestone that substantially strengthens the basis for feasibility studies and a potential production restart. The company ended th...
Andean Silver Sets Out Resource Framework for Chile’s Cerro Bayo Project
Jul 21, 2026
Andean Silver Ltd has outlined the technical and compliance framework underpinning its Cerro Bayo silver-gold project in Chile, including reliance on JORC Code standards and a series of ASX announcements that detail substantial increases in indica...
Andean Silver Lists Additional Ordinary Shares on ASX
Jul 2, 2026
Andean Silver Limited has lodged a new Appendix 2A application with the ASX for quotation of additional ordinary fully paid shares. The filing covers 33,334 ASL securities issued on July 2, 2026, expanding the volume of shares available for tradin...
Andean Silver appoints new director with performance-based equity package
Jul 1, 2026
Andean Silver Limited has appointed Matthew Allen as a director effective 1 July 2026, formalising his initial interests in a range of performance rights as required under ASX listing rules. The disclosure details multiple classes of performance r...
Andean Silver boosts Cerro Bayo resources and gears up for major drilling push
Jun 29, 2026
Andean Silver has significantly expanded the Mineral Resource Estimate at its Cerro Bayo silver-gold project in Chile, lifting total resources to 20Mt at 211g/t silver equivalent for 136Moz AgEq, including 92Moz AgEq in underground resources and 4...
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.