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Black Cat Syndicate Ltd.
(Sydney:BC8)
Black Cat Syndicate Ltd. (BC8) vs. iShares MSCI Australia ETF (EWA)
Black Cat Syndicate Ltd. Business Overview & Revenue Model
Black Cat Syndicate Ltd. Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 38.24M | 37.32M | 4.61M | 1.79M | 136.21K | 0.00 |
| Gross Profit | -9.36M | -14.03M | 4.61M | 538.10K | 43.91K | -25.07K |
| EBITDA | -2.64M | -2.36M | -2.23M | -4.47M | -3.72M | -2.30M |
| Net Income | -25.95M | -25.95M | -3.81M | -4.80M | -3.90M | -2.32M |
Balance Sheet | ||||||
| Total Assets | 369.58M | 369.58M | 157.80M | 128.18M | 116.22M | 48.35M |
| Cash, Cash Equivalents and Short-Term Investments | 35.76M | 35.76M | 13.98M | 4.66M | 18.17M | 16.05M |
| Total Debt | 21.46M | 21.46M | 9.44M | 5.00M | 132.36K | 190.40K |
| Total Liabilities | 100.55M | 100.55M | 40.80M | 34.71M | 37.21M | 2.19M |
| Stockholders Equity | 269.03M | 269.03M | 116.99M | 93.47M | 79.01M | 46.16M |
Cash Flow | ||||||
| Free Cash Flow | -68.14M | -60.26M | -19.38M | -26.93M | -31.08M | -15.14M |
| Operating Cash Flow | -12.77M | -12.77M | -2.06M | -3.38M | -3.30M | -1.30M |
| Investing Cash Flow | -108.11M | -108.11M | -22.57M | -28.18M | -27.80M | -13.88M |
| Financing Cash Flow | 141.01M | 141.01M | 33.95M | 18.05M | 33.22M | 28.37M |
Black Cat Syndicate Ltd. Technical Analysis
Black Cat Syndicate Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| ― | $1.05B | 35.52 | 10.01% | ― | 153.02% | -85.25% | |
| ― | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
| ― | AU$1.39B | 18.68 | 9.84% | ― | 51.66% | 86.35% | |
| ― | €643.31M | ― | -4.97% | ― | ― | 16.67% | |
| ― | AU$900.05M | ― | -13.44% | ― | ― | -267.46% | |
| ― | AU$531.20M | -92.31 | -9.13% | ― | ― | -5.41% |
Black Cat Syndicate Ltd. Corporate Events
Black Cat Syndicate Limited has announced the quotation of 765,503 ordinary fully paid securities on the Australian Securities Exchange (ASX) under the code BC8. This move comes as a result of options being exercised or other convertible securities being converted, potentially impacting the company’s market operations and stakeholder interests.
The most recent analyst rating on (AU:BC8) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Black Cat Syndicate Ltd. stock, see the AU:BC8 Stock Forecast page.
Black Cat Syndicate Limited has announced the issuance of 765,503 ordinary fully paid shares following the exercise of listed options priced at $0.3375, which are set to expire on November 14, 2025. This development is part of the company’s ongoing efforts to optimize its capital structure and potentially strengthen its financial position, reflecting a proactive approach in managing its resources and commitments to stakeholders.
The most recent analyst rating on (AU:BC8) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Black Cat Syndicate Ltd. stock, see the AU:BC8 Stock Forecast page.
Black Cat Syndicate Limited has announced promising results from its initial drilling program at the Big Sarah site, part of the Paulsens Gold Project. The program, which targeted the Central Vein Corridor, revealed gold in 10 out of 14 holes, indicating a strong understanding of the geology and the potential for further exploration. With historical production and recent surface sampling highlighting the area’s potential, the company plans to prioritize follow-up drilling and exploration to enhance its gold resources and strengthen its position in the regional gold exploration market.
The most recent analyst rating on (AU:BC8) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Black Cat Syndicate Ltd. stock, see the AU:BC8 Stock Forecast page.
Black Cat Syndicate Ltd. has announced the issuance of 5,209,526 fully paid ordinary securities, which will be quoted on the Australian Securities Exchange (ASX) under the code BC8. This move is part of the company’s strategy to enhance its financial flexibility and support its ongoing exploration and development activities, potentially strengthening its position in the gold mining sector.
The most recent analyst rating on (AU:BC8) stock is a Buy with a A$2.50 price target. To see the full list of analyst forecasts on Black Cat Syndicate Ltd. stock, see the AU:BC8 Stock Forecast page.
Black Cat Syndicate Limited has announced the issuance of 5,202,526 ordinary fully paid shares following the exercise of listed options, and an additional 7,000 shares from unlisted options. This move is part of the company’s capital restructuring efforts, potentially enhancing its market position and providing liquidity for future projects. The exercise of these options reflects investor confidence and could have positive implications for stakeholders by strengthening the company’s financial base.
The most recent analyst rating on (AU:BC8) stock is a Buy with a A$2.50 price target. To see the full list of analyst forecasts on Black Cat Syndicate Ltd. stock, see the AU:BC8 Stock Forecast page.
Black Cat Syndicate Limited has announced visible antimony mineralization in its initial drilling at the Mt Clement Antimony Project, with all four completed diamond holes intersecting antimony. The company is accelerating its drilling program by mobilizing additional rigs and prioritizing two co-funded exploration holes to expand the resource. The appointment of John Burgess as Project Manager, with his extensive experience, is expected to expedite the project’s progress, aligning with the company’s strategy to capitalize on the strong demand and pricing for antimony.
The most recent analyst rating on (AU:BC8) stock is a Buy with a A$2.50 price target. To see the full list of analyst forecasts on Black Cat Syndicate Ltd. stock, see the AU:BC8 Stock Forecast page.
Black Cat Syndicate Ltd. has announced its Annual General Meeting (AGM) for shareholders, scheduled for November 27, 2025, at Trinity on Hampden, Crawley, Western Australia. The company is adapting to the Corporations Amendments (Meetings and Documents) Act 2022 by providing meeting materials electronically unless physical copies are requested. Shareholders are encouraged to lodge proxy forms and participate in the meeting through online voting and question submission. This approach reflects Black Cat’s commitment to efficient shareholder communication and engagement, potentially impacting shareholder participation and corporate governance practices.
The most recent analyst rating on (AU:BC8) stock is a Buy with a A$2.50 price target. To see the full list of analyst forecasts on Black Cat Syndicate Ltd. stock, see the AU:BC8 Stock Forecast page.
Black Cat Syndicate Limited has signed Ore Purchase Agreements to secure ore production at its Lakewood facility while ramping up operations at the Fingals and Majestic mines. These agreements, involving up to 165,000 tonnes of ore from BML Ventures Limited, Gibb River Diamonds Limited, and MEGA Resources Limited, aim to maximize mill utilization and ensure a steady supply of gold. The initiative aligns with Black Cat’s ‘More Gold, Sooner’ strategy, enhancing its operational efficiency and market positioning.
The most recent analyst rating on (AU:BC8) stock is a Buy with a A$2.50 price target. To see the full list of analyst forecasts on Black Cat Syndicate Ltd. stock, see the AU:BC8 Stock Forecast page.
Black Cat Syndicate Limited has announced the quotation of 1,223,228 ordinary fully paid securities on the Australian Securities Exchange (ASX) under the code BC8, effective from October 13, 2025. This move follows the exercise of options or conversion of other convertible securities, potentially impacting the company’s market presence and offering stakeholders an opportunity to assess the company’s growth and financial strategy.
The most recent analyst rating on (AU:BC8) stock is a Buy with a A$2.50 price target. To see the full list of analyst forecasts on Black Cat Syndicate Ltd. stock, see the AU:BC8 Stock Forecast page.
Black Cat Syndicate Limited has announced the issuance of 1,204,310 ordinary fully paid shares following the exercise of listed options and 18,918 shares from employee options. This move reflects the company’s ongoing efforts to strengthen its capital structure and incentivize its workforce, potentially enhancing its market position and operational capabilities.
The most recent analyst rating on (AU:BC8) stock is a Buy with a A$2.50 price target. To see the full list of analyst forecasts on Black Cat Syndicate Ltd. stock, see the AU:BC8 Stock Forecast page.
Black Cat Syndicate Limited reported a significant increase in cash, bullion, and investments to $90 million by the end of September 2025, driven by record gold production. The company achieved a total gold production of 20,541 ounces, with notable increases in production at Paulsens and through Lakewood. The company successfully completed key infrastructure upgrades at Lakewood and continued mining operations at Kal East, despite weather impacts. Looking ahead, Black Cat anticipates a strong December quarter with production estimates ranging from 23,000 to 28,500 ounces, supported by ongoing mining activities and planned upgrades at Paulsens.
The most recent analyst rating on (AU:BC8) stock is a Buy with a A$2.50 price target. To see the full list of analyst forecasts on Black Cat Syndicate Ltd. stock, see the AU:BC8 Stock Forecast page.
Black Cat Syndicate Limited, a company listed on the ASX, has announced the pending expiry of its listed options (ASX:BC8O) with an exercise price of $0.3375, set to expire on 14 November 2025. Option holders have been notified and provided with a personalised option exercise form to convert their options into ordinary shares before the expiry date. The announcement highlights the importance for stakeholders to act before the expiration to avoid the lapse and cancellation of their options, which could impact their investment in the company.
The most recent analyst rating on (AU:BC8) stock is a Buy with a A$2.50 price target. To see the full list of analyst forecasts on Black Cat Syndicate Ltd. stock, see the AU:BC8 Stock Forecast page.
Black Cat Syndicate Limited has commenced mining operations at the Fingals Open Pit within its Kal East Gold Operation, with the first ore scheduled for October 2025. The company is also progressing with the Majestic Underground and Myhree/Boundary Open Pits, aiming to enhance its resource base through ongoing drilling and development. The recent maintenance at the Lakewood Processing Facility was completed ahead of schedule, ensuring continued operations. These developments are part of Black Cat’s ‘More Gold, Sooner’ strategy, indicating a significant step in increasing gold production and resource growth.
The most recent analyst rating on (AU:BC8) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on Black Cat Syndicate Ltd. stock, see the AU:BC8 Stock Forecast page.
Black Cat Syndicate Limited announced a change in director interest as Mr. Richard Laufmann exercised 33,333 listed options at a price of $0.3375, expiring on November 14, 2025. This transaction is part of the directors’ cumulative investment in the company, which totals approximately $5.6 million, indicating a strong commitment to the company’s growth and future prospects.
The most recent analyst rating on (AU:BC8) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on Black Cat Syndicate Ltd. stock, see the AU:BC8 Stock Forecast page.
Black Cat Syndicate Ltd. has announced the quotation of 521,689 fully paid ordinary securities on the Australian Securities Exchange (ASX), effective October 6, 2025. This move is part of the company’s strategic efforts to enhance its capital structure and support its ongoing exploration and development activities, potentially strengthening its market position and offering increased value to stakeholders.
The most recent analyst rating on (AU:BC8) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on Black Cat Syndicate Ltd. stock, see the AU:BC8 Stock Forecast page.
Black Cat Syndicate Limited has announced the issuance of 140,333 ordinary fully paid shares following the early exercise of listed options and 381,356 shares through the exercise of employee options. This move reflects the company’s ongoing efforts to enhance its capital structure and incentivize its workforce, potentially strengthening its market position and operational capabilities.
The most recent analyst rating on (AU:BC8) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on Black Cat Syndicate Ltd. stock, see the AU:BC8 Stock Forecast page.
Black Cat Syndicate Ltd. has announced the quotation of 792,150 ordinary fully paid securities on the Australian Securities Exchange (ASX) under the code BC8, effective from October 1, 2025. This move is part of the company’s strategy to enhance its market presence and liquidity, potentially benefiting stakeholders by increasing the accessibility and tradability of its shares.
The most recent analyst rating on (AU:BC8) stock is a Buy with a A$1.80 price target. To see the full list of analyst forecasts on Black Cat Syndicate Ltd. stock, see the AU:BC8 Stock Forecast page.
Black Cat Syndicate Limited has announced the issuance of 443,213 ordinary fully paid shares following the early exercise of listed options and 348,937 shares from the exercise of employee options. This move reflects the company’s active management of its capital structure and may enhance its financial flexibility. The exercise of options underlines stakeholder confidence and could potentially strengthen Black Cat’s market position as it continues to develop its gold projects.
The most recent analyst rating on (AU:BC8) stock is a Buy with a A$1.80 price target. To see the full list of analyst forecasts on Black Cat Syndicate Ltd. stock, see the AU:BC8 Stock Forecast page.
Black Cat Syndicate Ltd. has released its Corporate Governance Statement for 2025, outlining its commitment to maintaining high standards of corporate governance. The document includes various policies and charters such as the Board Charter, Audit and Risk Committee Charter, and Code of Conduct, among others. This comprehensive governance framework is designed to ensure transparency, accountability, and ethical conduct within the company, which is crucial for its operations and stakeholder trust.
The most recent analyst rating on (AU:BC8) stock is a Buy with a A$1.80 price target. To see the full list of analyst forecasts on Black Cat Syndicate Ltd. stock, see the AU:BC8 Stock Forecast page.
Black Cat Syndicate Ltd. announced the quotation of 322,024 ordinary fully paid securities on the Australian Securities Exchange (ASX) as of September 19, 2025. This move is part of the company’s strategy to leverage options being exercised or convertible securities being converted, potentially strengthening its financial position and market presence.
The most recent analyst rating on (AU:BC8) stock is a Buy with a A$1.80 price target. To see the full list of analyst forecasts on Black Cat Syndicate Ltd. stock, see the AU:BC8 Stock Forecast page.
Black Cat Syndicate Limited has announced the issuance of 322,024 ordinary fully paid shares following the early exercise of listed options priced at $0.3375, which are set to expire on November 14, 2025. This move is part of the company’s capital structure strategy, which includes a variety of listed and unlisted options and performance rights. The exercise of these options reflects investor confidence and contributes to the company’s capital base, potentially impacting its operational capacity and market positioning.
The most recent analyst rating on (AU:BC8) stock is a Buy with a A$1.80 price target. To see the full list of analyst forecasts on Black Cat Syndicate Ltd. stock, see the AU:BC8 Stock Forecast page.
Black Cat Syndicate Limited has commenced a diamond drilling program at its Mt Clement Antimony Project, one of Australia’s largest and highest-grade antimony deposits. The program aims to expand the current resource and conduct metallurgical testwork to enhance resource and processing studies. Co-funded by government grants, the drilling will provide valuable insights into the mineralization extent and support infrastructure development in the region, aligning with the company’s strategy to accelerate gold and antimony production.
The most recent analyst rating on (AU:BC8) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Black Cat Syndicate Ltd. stock, see the AU:BC8 Stock Forecast page.
Black Cat Syndicate Limited, a company listed on the Australian Securities Exchange (ASX:BC8), announced a change in director interest with Mr. Paul Chapman exercising 200,000 unlisted options at $0.50 each, expiring on 31 August 2027. This exercise increases the total investment by the company’s directors to approximately $5.6 million, reflecting a strong commitment from the leadership and potentially impacting the company’s market perception positively.
The most recent analyst rating on (AU:BC8) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Black Cat Syndicate Ltd. stock, see the AU:BC8 Stock Forecast page.
Black Cat Syndicate Limited has announced a new issuance of securities, with a total of 316,272 ordinary fully paid shares to be quoted on the Australian Securities Exchange (ASX) under the code BC8. This move follows the exercise of options or conversion of other convertible securities, potentially impacting the company’s market presence and offering new opportunities for stakeholders.
The most recent analyst rating on (AU:BC8) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Black Cat Syndicate Ltd. stock, see the AU:BC8 Stock Forecast page.
Black Cat Syndicate Limited, a company listed on the Australian Securities Exchange, has announced the issuance of 316,272 ordinary fully paid shares following the exercise of options. This development is part of the company’s ongoing capital management strategy, reflecting its compliance with regulatory obligations and its commitment to maintaining transparency with stakeholders.
The most recent analyst rating on (AU:BC8) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Black Cat Syndicate Ltd. stock, see the AU:BC8 Stock Forecast page.
Black Cat Syndicate Ltd. has confirmed that all material assumptions underpinning the production targets at their Kal East Gold, Paulsens, and Coyote Projects remain unchanged. The company emphasizes compliance with the JORC Code for reporting mineral resources and ore reserves, ensuring transparency and reliability in their exploration results and production forecasts.
The most recent analyst rating on (AU:BC8) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Black Cat Syndicate Ltd. stock, see the AU:BC8 Stock Forecast page.
Black Cat Syndicate Limited has announced the completion of a grade-control drilling program at the Fingals deposit, part of its Kal East Gold Operation. The results, which include significant near-surface gold intercepts, reinforce Fingals as a key production center for the company. Mining activities at Fingals are set to commence in late September 2025, with the site expected to become the main source of feed for the Lakewood processing facility. Additionally, maintenance activities at Lakewood include the installation of new equipment during a planned shutdown, which has been accounted for in the production estimates for the September quarter.
The most recent analyst rating on (AU:BC8) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Black Cat Syndicate Ltd. stock, see the AU:BC8 Stock Forecast page.
Black Cat Syndicate Limited has announced the appointment of Amber Rivamonte as a director, effective from September 8, 2025. As part of her initial interest notice, Rivamonte holds 500,000 unlisted options through Silver Rayne Pty Ltd under the Rayne Family Trust, with an exercise price of $1.46, expiring on September 2, 2029. This appointment and the associated interest in securities may influence the company’s strategic direction and stakeholder engagement.
The most recent analyst rating on (AU:BC8) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Black Cat Syndicate Ltd. stock, see the AU:BC8 Stock Forecast page.
Black Cat Syndicate Limited has announced the issuance of 500,000 unlisted options, as per ASX Listing Rule 10.12. This move is part of the company’s strategic capital structure management, which currently includes a mix of fully paid ordinary shares and various listed and unlisted options. The issuance of these options may impact the company’s financial flexibility and market positioning, potentially affecting stakeholders’ interests.
The most recent analyst rating on (AU:BC8) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Black Cat Syndicate Ltd. stock, see the AU:BC8 Stock Forecast page.
Black Cat Syndicate Limited has announced significant results from its ongoing underground diamond drilling at the Paulsens Gold Operation, with notable high-grade gold intercepts in the Gabbro Veins and Hangingwall Zone. These results are part of a broader effort to expand resources and optimize production, with the company actively developing access to these high-grade areas, indicating potential for increased gold production and positive implications for stakeholders.
The most recent analyst rating on (AU:BC8) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Black Cat Syndicate Ltd. stock, see the AU:BC8 Stock Forecast page.
Black Cat Syndicate Ltd. has announced the issuance of 1,060,115 fully paid ordinary securities, which will be quoted on the Australian Securities Exchange (ASX) under the code BC8. This move is part of the company’s strategy to leverage financial instruments for growth, potentially impacting its operational capacity and market positioning within the mining industry.
The most recent analyst rating on (AU:BC8) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Black Cat Syndicate Ltd. stock, see the AU:BC8 Stock Forecast page.
Black Cat Syndicate Limited has issued 1,060,115 ordinary fully paid shares following the exercise of vested performance rights under its Incentive Securities Plan. This development is tied to the company’s achievement of a production milestone at the Kal East Gold Project, indicating progress in its operational goals and potentially enhancing its market position.
The most recent analyst rating on (AU:BC8) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Black Cat Syndicate Ltd. stock, see the AU:BC8 Stock Forecast page.
Black Cat Syndicate Limited has commenced underground mining at the Majestic site, part of its Kal East Gold Operation. The company has contracted Macmahon Underground Pty Ltd for mine development and production services. The initial production target is set at 776kt at 3.2g/t for 80koz Au, with plans to expand resources through further drilling. The Majestic and Fingals sites are expected to provide sustained feed to the Lakewood processing facility, marking a strategic milestone for Black Cat’s growth in gold production.
The most recent analyst rating on (AU:BC8) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Black Cat Syndicate Ltd. stock, see the AU:BC8 Stock Forecast page.
Black Cat Syndicate Limited announced the issuance of 120,324 ordinary fully paid shares following the early exercise of listed options priced at $0.3375, which are set to expire on November 14, 2025. This move reflects the company’s ongoing capital management strategy and may have implications for its market positioning by potentially increasing liquidity and shareholder value.
The most recent analyst rating on (AU:BC8) stock is a Buy with a A$1.10 price target. To see the full list of analyst forecasts on Black Cat Syndicate Ltd. stock, see the AU:BC8 Stock Forecast page.
Black Cat Syndicate Limited has commenced diamond drilling at the Paulsens West seismic target, located 600 meters west of the Paulsens mine. This initiative, co-funded by competitive grants from the Department of Mines, Petroleum and Exploration’s Exploration Incentive Scheme, aims to explore a promising target identified through reprocessed 3D seismic data. The drilling is expected to take six weeks and could potentially enhance the company’s gold production capabilities, given the underexplored nature of the area and the proximity to their processing facility.
The most recent analyst rating on (AU:BC8) stock is a Buy with a A$1.10 price target. To see the full list of analyst forecasts on Black Cat Syndicate Ltd. stock, see the AU:BC8 Stock Forecast page.
Black Cat Syndicate Ltd. has released a presentation detailing its current prospects and development strategy, emphasizing its adherence to the JORC Code for reporting mineral resources and ore reserves. The company confirms that all material assumptions underpinning its production targets remain unchanged, providing assurance to stakeholders about the stability of its forecasts.
The most recent analyst rating on (AU:BC8) stock is a Buy with a A$1.10 price target. To see the full list of analyst forecasts on Black Cat Syndicate Ltd. stock, see the AU:BC8 Stock Forecast page.
Black Cat Syndicate Limited has awarded the open pit mining contract for its Fingals project to Mineral Mining Services, following a competitive tender process. The contract encompasses drilling, blasting, and mining of material, with the initial phase of grade control drilling completed. The Fingals open pit is expected to deliver significant gold output to the Lakewood processing facility, with reoptimisation efforts potentially increasing its size. The company is also preparing to commence underground development at Majestic, which, along with Fingals, will serve as primary ore sources for sustained production.
The most recent analyst rating on (AU:BC8) stock is a Buy with a A$1.10 price target. To see the full list of analyst forecasts on Black Cat Syndicate Ltd. stock, see the AU:BC8 Stock Forecast page.