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Red Mountain Mining Ltd
(Sydney:RMX)
Red Mountain Mining Ltd (RMX) vs. S&P 500 (SPY)
Red Mountain Mining Ltd Business Overview & Revenue Model
Red Mountain Mining Ltd Financial Statement Overview
| Breakdown | ||||
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Gross Profit |
| -84.62K | -88.05K | -147.47K | -147.47K | -147.47K | EBIT |
| -1.32M | -1.18M | -1.48M | -1.80M | -1.47M | EBITDA |
| -2.66M | -4.30M | -1.30M | -1.53M | -1.79M | Net Income Common Stockholders |
| -2.76M | -4.40M | -1.45M | -1.68M | -1.96M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 479.75K | 1.03M | 1.66M | 1.87M | 1.85M | Total Assets |
| 2.50M | 3.29M | 4.72M | 3.87M | 2.32M | Total Debt |
| 107.15K | 196.83K | 29.49K | 679.24K | 330.27K | Net Debt |
| -321.26K | -781.72K | -1.63M | -1.05M | -1.11M | Total Liabilities |
| 218.18K | 497.40K | 165.28K | 1.05M | 487.40K | Stockholders Equity |
| 2.28M | 2.79M | 4.56M | 2.81M | 1.83M |
| Cash Flow | Free Cash Flow | |||
| -2.47M | -2.19M | -2.31M | -2.37M | -1.35M | Operating Cash Flow |
| -1.01M | -1.05M | -1.17M | -1.24M | -1.28M | Investing Cash Flow |
| -1.46M | -1.20M | -1.14M | -778.62K | -69.83K | Financing Cash Flow |
| 1.92M | 1.57M | 2.23M | 2.31M | 520.00K |
Red Mountain Mining Ltd Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
60 Neutral | AU$18.10M | 6.75 | 13.39% | 8.43% | ― | 35.16% | |
49 Neutral | $1.94B | -1.23 | -21.28% | 3.73% | 1.19% | -29.73% | |
46 Neutral | $52.62M | ― | -6.55% | ― | ― | -50.00% | |
46 Neutral | €119.86M | ― | ― | ― | ― | ||
46 Neutral | AU$2.77M | ― | -21.76% | ― | ― | 21.74% | |
38 Underperform | €22.96M | ― | -37.43% | ― | ― | 64.20% | |
30 Underperform | €3.25M | ― | -86.76% | ― | ― | 48.02% |
Red Mountain Mining Ltd Corporate Events
Red Mountain Mining Limited has announced a proposed issue of securities, including 28,000,000 unquoted options and 66,666,667 ordinary fully paid shares. This move is part of a placement or other type of issue, with the proposed issue date set for June 10, 2026. The announcement may impact the company’s operations by potentially increasing its capital base, which could influence its market positioning and stakeholder interests.
Red Mountain Mining Ltd has successfully raised $400,000 through a convertible note issuance to fund its upcoming exploration programs at the Kiabye Gold Project in Western Australia and the Armidale Antimony-Gold Project in New South Wales. This funding, supported by both new and existing investors, will enable the company to progress RC drilling at high-priority gold targets and continue exploration efforts, potentially enhancing its market position in the gold and battery metals sector.
Red Mountain Mining Ltd has requested a trading halt on its securities as it plans to consider, plan, and execute a capital raising. The trading halt is expected to last until the commencement of trading on 2 May 2025 or until an earlier announcement is made, potentially impacting the company’s operations and market positioning.
Red Mountain Mining Ltd has made significant progress at its Fry Lake Gold Project in Ontario, Canada, during the quarter ending March 2025. The company completed a detailed review of historical data, revealing high residual potential in the Fry Lake Stock, Fry-McVean Shear, and Relyea Porphyry claims areas. The review identified attractive geological and structural targets, with some rock samples showing trace levels of gold and other minerals. These findings suggest promising opportunities for mineralization, positioning Red Mountain Mining favorably in the exploration sector.
Red Mountain Mining Ltd has identified new high priority gold targets at its Kiabye Gold Project in Western Australia following a successful ground magnetics survey. The survey uncovered two significant magnetic anomalies in previously unsampled areas, suggesting potential sources of historical alluvial gold. The company plans to drill test these features, aiming for a near-surface gold discovery, which could enhance its position in the gold exploration industry.
Red Mountain Mining Ltd has initiated ground exploration at the Oaky Creek North and South sites within the Armidale Antimony-Gold Project in New South Wales. The exploration aims to map and sample antimony and gold mineralization, focusing on historical workings and potential extensions along the Namoi fault. The project covers 391 square kilometers and seeks to capitalize on the area’s high residual potential due to limited historical exploration.
Red Mountain Mining Ltd has announced a change in the director’s interest, with Director Lincoln Liu acquiring an additional 200,000 fully paid ordinary shares through an on-market purchase. This acquisition increases Liu’s total holdings to 3,000,000 shares, potentially indicating confidence in the company’s future prospects and stability, which could positively impact stakeholder perceptions and market positioning.
Red Mountain Mining Ltd is advancing its exploration efforts across its key Gold and Antimony projects, with significant activities planned for the Fry Lake Gold Project in Ontario, the Armidale Antimony-Gold Project in New South Wales, and the Kiabye Gold Project in Western Australia. The company is targeting high-grade gold zones and copper-rich polymetallic anomalies, and is planning extensive sampling and testing to enhance its understanding of these mineral-rich areas. The recent historical highs in gold and antimony prices underscore the potential financial impact of these projects, positioning Red Mountain Mining favorably within the industry.
Red Mountain Mining Ltd has released its interim financial report for the half-year ended 31 December 2024. The report, prepared in compliance with the Corporations Act 2001 and AASB 134, outlines the company’s financial performance and position, though it does not include all the details found in annual reports. This release is significant as it provides stakeholders with insights into the company’s operational progress and financial health, potentially impacting its market positioning and investor confidence.
Red Mountain Mining Ltd has commenced a high-resolution ground magnetics survey at its 100%-owned Kiabye Gold Project in Western Australia. The survey aims to identify potential gold-bearing structures across a 10km2 area, focusing on three priority zones. This initiative could enhance the company’s exploration potential and industry positioning by targeting underexplored regions with significant upside potential.
Red Mountain Mining Ltd announced the cessation of 20,512,818 performance rights due to the lapse of conditional rights that were not met. This cessation could impact the company’s capital structure and may influence investor perceptions regarding the company’s operational targets and strategic goals.
Red Mountain Mining Ltd has identified promising antimony and gold targets at its Armidale Antimony-Gold Project in New South Wales, Australia. The company has planned a comprehensive sampling program covering three tenements, with over 1,300 samples to be collected. This initiative follows the acquisition of a six-year exploration license for a 391 km² area in the Southern New England Orogen, known for its antimony deposits. By focusing on both antimony and gold occurrences, RMX aims to uncover untapped potential in areas with historical mining activities but limited recent exploration, potentially enhancing its market position in the mineral exploration industry.