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Golden Mile Resources Ltd.
(Sydney:G88)
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Rating:45Neutral
Price Target:
AU$0.01
▲(0.00% Upside)
Action:Reiterated
Date:10/02/26
The score is primarily held back by weak financial performance: minimal/near-zero revenue, ongoing losses, and persistent negative free cash flow that erodes equity over time. Valuation is also constrained because the company is loss-making (negative P/E) and has no stated dividend yield. Technical factors are scored neutral due to missing indicator data.
Positive Factors
Debt-free balance sheet
The absence of reported debt reduces refinancing pressure and interest-related strain, giving the company greater financial flexibility while it advances exploration. This does not remove funding needs, but it lowers near-term solvency risk compared with a similarly loss-making, leveraged business.
Negative Factors
Pre-revenue business model
The lack of meaningful revenue leaves the company without demonstrated commercial operating leverage or a recurring source of internal funding. Its financial outlook therefore remains dependent on exploration progress and access to capital rather than established sales generation.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
The absence of reported debt reduces refinancing pressure and interest-related strain, giving the company greater financial flexibility while it advances exploration. This does not remove funding needs, but it lowers near-term solvency risk compared with a similarly loss-making, leveraged business.
Read all positive factors
Golden Mile Resources Ltd. (G88) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$4.51M
Dividend YieldN/A
Average Volume (3M)3.80M
Price to Earnings (P/E)―
Beta (1Y)0.52
Revenue GrowthN/A
EPS Growth53.57%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding751,051,700
10 Day Avg. Volume3,795,207
30 Day Avg. Volume3,795,207
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)2.03
Price to Sales (P/S)0.00
P/FCF Ratio-3.67
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
Golden Mile Resources Ltd. Business Overview & Revenue Model
Company Description
Golden Mile Resources Limited, established in 2016 and headquartered in West Perth, Australia, is dedicated to the identification, acquisition, and development of mineral resource projects across Western Australia. The firm actively seeks out depo...
How the Company Makes Money
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Golden Mile Resources Ltd. Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
58
Neutral
Cash Flow
24
Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 8.88K | 381.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 8.88K | 381.00 |
| EBITDA | -1.24M | -2.07M | -1.28M | -1.39M | -1.03M |
| Net Income | -2.41M | -4.01M | -1.55M | -1.39M | -1.03M |
Balance Sheet | |||||
| Total Assets | 2.68M | 3.98M | 6.40M | 6.98M | 5.14M |
| Cash, Cash Equivalents and Short-Term Investments | 609.76K | 587.59K | 1.06M | 2.36M | 1.96M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 429.97K | 422.88K | 164.60K | 398.61K | 320.99K |
| Stockholders Equity | 2.25M | 3.56M | 6.23M | 6.58M | 4.82M |
Cash Flow | |||||
| Free Cash Flow | -1.24M | -2.03M | -2.70M | -2.51M | -1.97M |
| Operating Cash Flow | -1.24M | -1.80M | -1.20M | -975.74K | -844.48K |
| Investing Cash Flow | 155.84K | 122.62K | -1.12M | -1.54M | -1.12M |
| Financing Cash Flow | 1.11M | 1.22M | 1.02M | 2.91M | 2.96M |
Golden Mile Resources Ltd. 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% | |
57 Neutral | AU$10.69M | -12.40 | -5.68% | ― | -100.00% | 2.60% | |
47 Neutral | AU$5.17M | -1.97 | -8.75% | ― | ― | -132.95% | |
45 Neutral | AU$4.51M | -1.49 | -113.18% | ― | ― | 53.57% | |
45 Neutral | AU$5.55M | -3.57 | -11.55% | ― | ― | 58.82% | |
44 Neutral | AU$5.75M | -4.59 | -21.41% | ― | ― | 65.00% | |
42 Neutral | AU$5.70M | -3.33 | -10.97% | ― | ― | 55.68% |
* Basic Materials Sector Average
AU:G88
Golden Mile Resources Ltd.
0.01
0.00
0.00%
AU:ENT
Enterprise Metals Limited
―
―
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0.01
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0.00%
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55.00%
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Omnia Metals Group Ltd
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-43.42%
Golden Mile Resources Ltd. Corporate Events
Golden Mile Resources Options Expire, Streamlining Capital Structure
Sep 30, 2026
Golden Mile Resources Ltd has notified the market of the cessation of 5,000,000 listed options, G88AO, which expired on September 8, 2026 without being exercised or converted. The expiry reduces the company’s pool of outstanding convertible ...
Golden Mile Resources Publishes 2026 Annual Report
Sep 30, 2026
Golden Mile Resources Ltd has released its annual report for the year ended 30 June 2026, providing a comprehensive review of operations, governance and financial results. The document outlines the company’s performance, changes in equity, c...
Golden Mile Enables On-Sale of 5 Million New Shares Under Section 708A Exemption
Sep 9, 2026
Golden Mile Resources Ltd has issued 5,000,000 ordinary shares on 9 September 2026 and notified the market that these securities qualify for on-sale under the exemption in Section 708A(5) of the Corporations Act 2001. The company confirmed it has ...
Golden Mile reshapes director option package for Grant Button
Sep 9, 2026
Golden Mile Resources has updated the market on changes to director Grant Button’s holdings, detailing the expiry of 2 million unlisted options and the issue of 5 million new unlisted director options. The new options, exercisable at $0.012 ...
Golden Mile Resources Issues 7 Million Long-Dated Options
Sep 9, 2026
Golden Mile Resources Ltd has notified the market of the issue of 7,000,000 unquoted options, each carrying an exercise price of $0.012 and expiring on 9 September 2029. The options represent a new class of securities and were issued on 9 Septembe...
Golden Mile Resources Issues 60.8 Million Long-Dated Unquoted Options
Sep 9, 2026
Golden Mile Resources Ltd has notified the market of the issue of 60,833,334 unquoted options with an exercise price of $0.01 and an expiry date of 30 June 2029. These options, which form part of a previously announced transaction and are not inte...
Golden Mile Confirms Sizeable Gold Anomaly at Aurora Ahead of 2027 Drilling
Sep 8, 2026
Golden Mile Resources has reported further strong assay results from surface channel and grab sampling at its Aurora gold prospect, reinforcing the potential for a sizable gold system. Recent lines returned average grades of around 2.4g/t to 2.6g/...
Golden Mile Wins Strong Shareholder Backing for Capital and Incentive Resolutions
Aug 26, 2026
Golden Mile Resources shareholders have overwhelmingly backed a suite of capital management and incentive measures at a general meeting held on 26 August 2026. Investors ratified prior share placements, approved new placement options, director and...
Golden Mile denies undisclosed information behind ASX price surge
Aug 18, 2026
Golden Mile Resources Ltd has responded to an ASX price query following a sharp rise in its share price and trading volume, stating it is not aware of any undisclosed information that could explain the recent market activity. The company confirmed...
Golden Mile Resources Discloses Director Michele Bina’s Exit and Remaining Performance Rights
Aug 5, 2026
Golden Mile Resources Ltd has notified the ASX that director Michele Bina ceased to be a director on 31 July 2026. The company reported that Bina held 500,000 Class A performance rights and 500,000 Class B performance rights as registered interest...
Golden Mile Resources Appoints New Director and Discloses Shareholding
Aug 5, 2026
Golden Mile Resources Ltd. has appointed Justyn Stedwell as a director effective 31 July 2026, according to an initial director’s interest notice lodged with the ASX. At the time of appointment, Stedwell holds 100,000 ordinary shares in the ...
Golden Mile reshapes board with interim director appointment
Jul 31, 2026
Golden Mile Resources Ltd has announced the resignation of Non-Executive Director Michele Bina, marking a change in board composition as the company continues to pursue its growth-focused exploration and project development strategy. The board has...
Golden Mile Advances High-Grade Gold and Copper Targets in Arizona
Jul 30, 2026
Golden Mile Resources has reported significant progress at its Arizona exploration projects, underscoring the potential of its Pearl Copper and Leviathan Porphyry Copper-Molybdenum assets. The company’s focus on these projects within a world...
Golden Mile sets August general meeting, urges shareholder participation
Jul 24, 2026
Golden Mile Resources Ltd has convened a General Meeting of shareholders to be held on 26 August 2026 in Melbourne, outlining venue details and voting procedures. The notice emphasizes the importance of shareholder participation, providing instruc...
Recharge Metals Extends Prospero Gold Trend with Ironstone Well Acquisition
Jul 12, 2026
Recharge Metals has agreed to acquire the Ironstone Well Project from Golden Mile Resources for $100,000 in cash, adding three mining leases adjacent to its Sunset Well Gold Project in Western Australia. The deal extends Recharge’s control o...
Golden Mile director’s options expire, equity interests updated
Jul 2, 2026
Golden Mile Resources has reported a change in director Grant Button’s interests following the expiry of a tranche of unlisted options held indirectly via the Wilberforce Trust. The notice confirms that 3.75 million unlisted options with a $...
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.