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Medallion Metals Ltd
(Sydney:MM8)
Medallion Metals Ltd (MM8) vs. S&P 500 (SPY)
Medallion Metals Ltd Business Overview & Revenue Model
Medallion Metals Ltd Financial Statement Overview
| Breakdown | ||||
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 1.86M | 3.03M | 2.14M | 503.47K | 503.90K | Gross Profit |
| 1.86M | 3.03M | 2.14M | 503.47K | -1.05M | EBIT |
| -2.84M | -3.79M | -3.40M | -3.68M | -2.74M | EBITDA |
| -2.58M | -4.68M | -3.21M | -3.57M | -2.54M | Net Income Common Stockholders |
| -2.94M | -5.09M | -3.60M | -3.77M | -2.63M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 1.71M | 497.82K | 1.84M | 8.82M | 12.54M | Total Assets |
| 16.42M | 15.59M | 15.93M | 16.85M | 17.26M | Total Debt |
| 2.93M | 4.10M | 4.04M | 4.11M | 4.03M | Net Debt |
| 1.22M | 3.60M | 2.19M | -4.71M | -8.51M | Total Liabilities |
| 4.48M | 5.77M | 6.04M | 8.49M | 6.26M | Stockholders Equity |
| 11.94M | 9.82M | 9.89M | 8.36M | 11.00M |
| Cash Flow | Free Cash Flow | |||
| -2.16M | -6.02M | -11.14M | -3.94M | -2.50M | Operating Cash Flow |
| -1.57M | -3.87M | -5.18M | -1.98M | -2.49M | Investing Cash Flow |
| -491.39K | -2.14M | -5.95M | -1.96M | -12.82K | Financing Cash Flow |
| 3.34M | 4.59M | 4.16M | 10.50M | -8.33K |
Medallion Metals Ltd Technical Analysis
Medallion Metals Ltd Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $28.52B | 23.29 | 11.01% | 2.57% | 25.11% | 28.88% | |
76 Outperform | $3.57B | 24.66 | 13.42% | 0.63% | 11.93% | 22.74% | |
57 Neutral | $5.92B | ― | -0.68% | ― | -56.04% | 66.07% | |
51 Neutral | AU$112.51M | ― | -24.51% | ― | -100.00% | 42.77% | |
51 Neutral | $1.19B | 41.67 | -5.02% | ― | 27.79% | -144.05% | |
49 Neutral | $1.96B | -1.23 | -21.20% | 3.72% | 0.88% | -29.24% | |
47 Neutral | €455.16M | ― | -16.63% | ― | ― | 57.93% |
Medallion Metals Ltd Corporate Events
Medallion Metals Limited has announced significant extensions to the high-grade lodes at its Gem deposit within the Kundip Mining Centre. The recent drilling results have extended the lode position up to 80 meters beyond the current Mineral Resource boundary, indicating substantial upside potential for the company’s sulphide Mineral Resource Estimate. These findings are expected to positively impact the company’s near-term development strategy and project economics, as they suggest potential for extending mine life and increasing production inventory. The results will inform an upcoming Mineral Resource Estimate update and support the feasibility study for the Ravensthorpe-Forrestania sulphide development strategy.
Medallion Metals Limited announced that its Managing Director, Paul Bennett, will be providing investor updates, including a presentation at the RIU Resources Roundup Conference. This initiative is part of the company’s strategy to communicate its rapid pathway to strong cash flows, highlighting its sulphide production strategy in the Ravensthorpe-Forrestania region. The announcement underscores Medallion Metals’ commitment to enhancing its market position and delivering value to its stakeholders.
Medallion Metals Limited has amended its agreement with IGO Limited to acquire a 100% interest in the Forrestania Nickel Operation, including all tenements and associated infrastructure, while IGO retains rights to explore and mine nickel and lithium. Medallion will grant IGO a 1.5% royalty on future gold production from these tenements. This strategic acquisition aims to enhance Medallion’s gold production capabilities and potentially revitalize the Forrestania region as a significant gold production district, with completion targeted for late 2025.
Medallion Metals Limited has made significant progress in negotiations with IGO Limited for the acquisition of the Cosmic Boy Process Plant at the Forrestania Nickel Operation, which could enhance their sulphide development strategy. Concurrently, Medallion’s Ravensthorpe Gold Project has reported promising drilling results and received substantial interest from potential copper concentrate offtake parties, alongside a positive environmental assessment outcome, bolstering the company’s strategic positioning and growth potential.
Medallion Metals Limited announced that its Managing Director, Paul Bennett, will be providing investor updates at the Gold Coast Gold Conference. This initiative is part of the company’s strategy to engage with stakeholders and highlight its sulphide production strategy, which aims to enhance cash flow and strengthen its market position.
Medallion Metals Ltd announced the cessation of 215,500 securities due to the lapse of conditional rights, as the conditions were not met or became incapable of being satisfied. This announcement may impact the company’s capital structure and could influence investor perceptions regarding the company’s operational and financial strategies.
Medallion Metals Limited has issued 3,272,803 ordinary shares without a disclosure to investors under Part 6D.2 of the Corporations Act, as per the announcement on April 8, 2025. This issuance complies with the relevant provisions of the Corporations Act, and there is no excluded information as per sections 708A(7) and 708A(8). This move could potentially impact the company’s capital structure and market positioning.
Medallion Metals Limited has announced the issuance of 2,022,803 ordinary fully paid shares as compensation for services rendered to the company. This move reflects the company’s strategy to manage cash flow by using equity as a form of payment, potentially impacting its financial structure and shareholder value.
Medallion Metals Ltd has announced the issuance of 1,250,000 ordinary fully paid securities, which will be quoted on the Australian Securities Exchange (ASX) under the code MM8. This move is part of the company’s strategy to leverage convertible securities, potentially enhancing its capital structure and market presence.
Medallion Metals Limited has announced exceptional results from its in-fill drilling program at the Kundip Mining Centre, part of the Ravensthorpe Gold Project. The results, which include high-grade gold and copper assays, bolster confidence in the deposit’s potential and support the company’s near-term gold production strategy. The ongoing drilling efforts aim to update the Mineral Resource Estimate and inform the final investment decision for the Ravensthorpe-Forrestania sulphide development strategy, expected by the end of 2025.
Medallion Metals Limited has confirmed the presence of broad, high-grade zones of polymetallic mineralisation at the Trilogy deposit, part of the Jerdacuttup Project. The assay results indicate significant potential for the Trilogy deposit to enhance Medallion’s Sulphide Production Strategy, particularly through its integration with the Forrestania flotation plant, pending a transaction with IGO Ltd. The drilling program aims to assess Trilogy as a complementary feed source, potentially boosting the company’s production profile and returns.
Medallion Metals Ltd has received multiple proposals for offtake rights and funding up to $50 million for its Ravensthorpe-Forrestania development. The strong interest from potential partners indicates confidence in the project’s economic viability and the attractiveness of its copper-gold concentrate, which is expected to be highly sought after in a market currently in deficit. The company is progressing these proposals alongside its acquisition of Forrestania assets and a Bankable Feasibility Study, with the potential to secure foundational funding for the project’s development.
Medallion Metals Ltd has released its interim financial report for the half-year ending December 31, 2024, reaffirming previously announced exploration results and mineral resource estimates. The company maintains that there are no new material changes to its mineral resources, ore reserves, or production targets, which supports its ongoing strategic objectives in the mining sector.
Medallion Metals Limited has announced the issuance of 1,071,500 ordinary shares following the exercise of Unlisted Options. This move indicates a strategic step in raising capital and enhancing the company’s financial position without the need for disclosure to investors under the specific provisions of the Corporations Act.
Medallion Metals Ltd has announced the issuance of 1,071,500 fully paid ordinary securities, which are set to be quoted on the ASX as of February 21, 2025. This move signifies a strategic step in Medallion Metals’ ongoing efforts to enhance its financial position and possibly expand its operational capabilities, reflecting positively on its industry positioning and offering potential benefits to its stakeholders.
Medallion Metals Ltd has intersected a new sulphide lode outside the current mineral resource envelope at its Harbour View project, marking a significant discovery. This new lode, identified through drilling efforts, indicates potential for resource expansion and underscores the company’s technical capabilities, promising further opportunities for stakeholders as drilling continues.
Medallion Metals Limited has announced the appointment of Richard Hill as the new Chief Financial Officer. With over 25 years of experience in the resources sector, Hill’s expertise will be crucial as Medallion seeks to implement its sulphide development strategy and advance negotiations to acquire the Forrestania asset. This move is anticipated to support Medallion’s transformation towards becoming a significant gold and copper producer in Western Australia, enhancing stakeholder value.
Medallion Metals Limited, a company with a focus on substantial holdings, has experienced a change in the voting power of one of its major shareholders, PHGM Pty Ltd. The voting power decreased from 19.90% to 17.10% due to dilution, which may affect PHGM’s influence in company decisions and could have broader implications for stakeholders.
Medallion Metals Ltd has reported a change in the voting power of its substantial holder, Aurora Prospects Pty Ltd, attributed to dilution events. Aurora’s voting power decreased from 6.99% to 6.01% due to share issuance and placement activities. This change may affect the company’s shareholder dynamics and influence in corporate decision-making.
Medallion Metals Limited, an entity within the mining and exploration sector, has seen Alkane Resources Limited become a substantial holder with a 6.32% voting power. Alkane acquired 30 million fully paid ordinary shares, amounting to a significant stake that reflects an investment totaling $2 million. This move by Alkane could potentially influence Medallion Metals’ shareholder dynamics and strategic decisions, marking a notable change in the company’s ownership structure.
Medallion Metals Ltd has announced the quotation of 65,000,000 ordinary fully paid securities on the ASX, as part of a transaction previously disclosed to the market. This move signifies a strategic step in enhancing the company’s financial standing and market presence, potentially affecting its operational capabilities and appeal to investors.