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Sunshine Gold Ltd
(Sydney:SHN)
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Rating:46Neutral
Price Target:
AU$0.03
â–¼(-27.50% Downside)
Action:Reiterated
Date:05/29/26
The score is held down primarily by weak financial performance (no revenue, ongoing losses, and sustained cash burn) and limited valuation support (negative P/E, no dividend yield provided). Technicals are a partial offset with price strength and positive MACD, but extremely overbought RSI increases near-term risk.
Positive Factors
Low leverage (debt-to-equity ~0.0–0.02)
Very low debt levels provide structural financial flexibility, reducing refinancing and default risk over a multi-month horizon. With minimal leverage the company can prioritize project development or survive extended non-revenue periods without immediate solvency pressure, preserving optionality.
Negative Factors
Zero revenue across 2020–2025
A business model generating no recorded revenue over multiple years is a structural weakness: it means core activities are not monetized, making the company dependent on external financing. Without durable revenue, long-term viability and growth prospects are uncertain.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage (debt-to-equity ~0.0–0.02)
Very low debt levels provide structural financial flexibility, reducing refinancing and default risk over a multi-month horizon. With minimal leverage the company can prioritize project development or survive extended non-revenue periods without immediate solvency pressure, preserving optionality.
Read all positive factors
Sunshine Gold Ltd (SHN) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$140.33M
Dividend YieldN/A
Average Volume (3M)5.01M
Price to Earnings (P/E)―
Beta (1Y)2.53
Revenue GrowthN/A
EPS Growth82.14%
CountryAU
Employees961
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding3,598,094,500
10 Day Avg. Volume4,300,926
30 Day Avg. Volume5,014,800
Financial Highlights & Ratios
PEG Ratio0.09
Price to Book (P/B)1.21
Price to Sales (P/S)0.00
P/FCF Ratio-3.49
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
Sunshine Gold Ltd Business Overview & Revenue Model
Company Description
Sunshine Metals Limited engages in the exploration and development of mineral projects in Australia. The company explores for copper, gold, zinc, lead, and silver, as well as molybdenite and base metal deposits. It holds 100% interest in the Raven...
How the Company Makes Money
null...
Sunshine Gold Ltd Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
58
Neutral
Cash Flow
18
Very Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -80.30K | -80.30K | -122.00K | -1.31M | -390.00K | -8.54K |
| EBITDA | -1.54M | -1.41M | -6.81M | -2.18M | -1.49M | -1.30M |
| Net Income | -3.10M | -2.27M | -6.93M | -3.49M | -1.67M | -1.06M |
Balance Sheet | ||||||
| Total Assets | 23.59M | 18.04M | 17.29M | 16.74M | 12.44M | 7.22M |
| Cash, Cash Equivalents and Short-Term Investments | 4.65M | 1.92M | 3.39M | 3.33M | 1.85M | 2.19M |
| Total Debt | 85.69K | 122.18K | 86.46K | 185.97K | 268.29K | 27.46K |
| Total Liabilities | 2.43M | 2.56M | 2.58M | 2.12M | 982.28K | 202.50K |
| Stockholders Equity | 21.16M | 15.48M | 14.71M | 14.62M | 11.45M | 7.02M |
Cash Flow | ||||||
| Free Cash Flow | -6.11M | -5.34M | -6.86M | -5.17M | -5.14M | -2.69M |
| Operating Cash Flow | -1.61M | -837.66K | -713.42K | -1.23M | -1.03M | -1.12M |
| Investing Cash Flow | -5.76M | -3.48M | -6.17M | -3.80M | -4.15M | -489.56K |
| Financing Cash Flow | 8.63M | 2.84M | 6.95M | 6.50M | 4.84M | 1.71M |
Sunshine Gold Ltd Technical Analysis
Neutral
0.04
Price Trends
0.04
Positive
0.03
Positive
Market Momentum
<0.01
Positive
51.32
Neutral
39.39
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:SHN, the sentiment is Neutral. The current price of 0.04 is below the 20-day moving average (MA) of 0.04, above the 50-day MA of 0.04, and equal to the 200-day MA of ―, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 51.32 is Neutral, neither overbought nor oversold. The STOCH value of 39.39 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:SHN.
Sunshine Gold Ltd Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | AU$110.24M | 2.35 | 78.58% | 13.92% | 157.71% | ― | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
46 Neutral | AU$140.33M | -30.00 | -16.95% | ― | ― | 82.14% | |
46 Neutral | AU$54.21M | -7.10 | -17.12% | ― | ― | -15.95% | |
43 Neutral | AU$136.83M | -17.67 | -10.71% | ― | ― | 22.77% | |
43 Neutral | AU$125.85M | -15.30 | -7.98% | ― | ― | -201.77% |
* Basic Materials Sector Average
AU:SHN
Sunshine Gold Ltd
0.04
0.02
100.00%
AU:AGD
Austral Gold
0.18
0.13
272.34%
AU:G50
Gold 50 Ltd.
0.48
0.20
75.93%
AU:FEG
Far East Gold Ltd
0.12
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-14.29%
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Felix Gold Ltd.
0.26
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AU:MPK
Many Peaks Gold Ltd.
0.83
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-13.54%
Sunshine Gold Ltd Corporate Events
Sunshine Metals Begins RC Drilling at Sybil Epithermal Gold Project
Aug 3, 2026
Sunshine Metals has launched a 4,528m reverse circulation drilling program at its Sybil Epithermal Gold Project, part of the Ravenswood Consolidated Project in Queensland. The campaign covers 72 holes across the Francis Creek, Francis Creek East a...
Sunshine Metals issues 600,000 new shares under option exercise
Jul 30, 2026
Sunshine Metals Limited, an ASX-listed Australian metals explorer and developer, operates in the mining and resources sector with a focus on building value through its quoted ordinary shares. Its securities are traded on the ASX, providing investo...
Sunshine Metals Seeks ASX Quotation for 600,000 New Shares
Jul 30, 2026
Sunshine Metals Limited has applied for quotation on the ASX of 600,000 new ordinary fully paid shares. The securities, carrying the code SHN, were issued on July 30, 2026, and the company has lodged a new announcement under the ASX Listing Rules....
Sunshine Metals boosts cash reserves with equity as exploration spend climbs
Jul 30, 2026
Sunshine Metals Limited reported its quarterly cash flow for the period ended 30 June 2026, highlighting modest operating outflows driven mainly by administration and corporate costs, partly offset by interest income. The company remains pre-reven...
Sunshine Metals advances North Queensland gold plans with Mt Moss acquisition
Jul 30, 2026
Sunshine Metals Ltd is an ASX-listed resources company focused on multi-commodity exploration and development in North Queensland, targeting gold, silver, copper, zinc and lead. Its flagship Ravenswood Consolidated Project near Charters Towers sit...
Sunshine Metals details JORC-backed resource base for North Queensland gold push
Jul 22, 2026
Sunshine Metals Ltd has outlined its North Queensland gold and base metals strategy, highlighting a multi-asset portfolio anchored by the Liontown project, which features both gold-copper footwall lodes and zinc-lead-silver contact lodes. The comp...
Sunshine Metals Uncovers New High-Grade Targets at Sybil Gold Project
Jul 21, 2026
Sunshine Metals Limited is an ASX-listed mineral exploration company focused on low-sulphidation epithermal gold in northeast Queensland, with its flagship Sybil Gold Project hosting prospects such as Francis Creek and Francis Creek East. The comp...
Sunshine Metals Secures Mt Moss to Fast-Track Liontown Gold Production
Jul 1, 2026
Sunshine Metals has completed the $18 million acquisition of the Mt Moss magnetite processing operation in North Queensland, securing a permitted 300,000 tonne per annum plant, extensive infrastructure and highly prospective mining and exploration...
Sunshine Metals Issues 35 Million Unlisted Options to Support Capital Strategy
Jun 26, 2026
Sunshine Metals Limited has notified the market of the issuance of 35 million unlisted options, each exercisable at $0.0405 and expiring on 26 June 2029, under an existing Appendix 3B framework. These options will not be quoted on the ASX, indicat...
Sunshine Metals Director Increases Stake via Placement Participation
Jun 26, 2026
Sunshine Metals Limited has reported a change in director Fred White’s indirect holdings in the company, reflecting his participation in the second tranche of a placement. Through Back Step Investments Pty Ltd, White increased his stake by a...
Sunshine Metals Issues 77.8 Million New Shares Under Approved Placement
Jun 25, 2026
Sunshine Metals Limited has issued 77,777,779 fully paid ordinary shares under the second tranche of a placement approved by shareholders at a recent general meeting. The new shares, which form part of an existing ASX-quoted class, were issued wit...
Sunshine Metals Seeks ASX Quotation for 77.8 Million New Shares
Jun 25, 2026
Sunshine Metals Limited has applied for the quotation of 77,777,779 ordinary fully paid shares on the ASX, with an issue date of June 26, 2026. The application, lodged as a new announcement under Appendix 2A of the ASX Listing Rules, formalizes th...
Sunshine Metals Wins Shareholder Backing for Major Placement Approvals
Jun 22, 2026
Shareholders of Sunshine Metals Limited have approved all resolutions put forward at the company’s general meeting, ratifying prior share issues made under a placement and authorising additional share issuances. The approvals include the rat...
Sunshine Metals Seeks ASX Quotation for New Share Issue
Jun 9, 2026
Sunshine Metals Limited has applied for quotation on the ASX of 4,081,189 ordinary fully paid shares, following the exercise of options or conversion of other securities. The new shares, issued on June 9, 2026, expand the company’s quoted ca...
Sunshine Metals Sells Hodgkinson Project to Refocus on Mt Moss and Liontown
Jun 9, 2026
Sunshine Metals has agreed to sell its non-core Hodgkinson Project in Queensland to EQ Resources for total cash proceeds of $250,000, with completion expected by August 2026 subject to regulatory and third-party approvals. The transaction will see...
EQ Resources buys Hodgkinson tenements to bolster Mt Carbine tungsten hub
Jun 9, 2026
EQ Resources has agreed to acquire the Hodgkinson tenement package from Sunshine (Triumph) Pty Ltd, a Sunshine Metals subsidiary, in a deal valued at A$250,000. The package comprises six exploration permits adjacent to EQR’s Mt Carbine tungs...
Sunshine Metals Director Lifts Stake via Share Purchase Plan
May 28, 2026
Sunshine Metals Limited has disclosed changes in the holdings of director Alec Christopher Pismiris, who increased his relevant interest in the company through associated entities. The additional fully paid ordinary shares were acquired for $30,00...
Sunshine Metals Seeks ASX Quotation for Newly Issued Securities
May 27, 2026
Sunshine Metals Limited has lodged an Appendix 2A with the ASX, applying for quotation of a new batch of securities that have already been issued as part of a previously announced transaction. The new securities, issued on 28 May 2026 and flagged ...
Sunshine Metals Raises $7.7m in Oversubscribed SPP to Accelerate Mt Moss and Liontown Plans
May 27, 2026
Sunshine Metals has closed its Share Purchase Plan with applications totaling $7.7 million, far exceeding the original $3 million target, and will issue approximately 285 million new shares without scaling back investor participation. Combined wit...
Sunshine Metals Calls June 2026 Meeting to Ratify Major Share Placement
May 22, 2026
Sunshine Metals Limited has called a general meeting of shareholders for 22 June 2026 in Townsville to consider a series of capital-raising related resolutions. Eligible shareholders as at 3:00pm AEST on 20 June 2026 will vote on whether to ratify...
Sunshine Metals posts high-grade Liontown assays and advances funding for production push
May 12, 2026
Sunshine Metals has reported strong final assay results from a 30-hole resource definition drilling program at the Liontown Gold Panel within its Ravenswood project, including standout intercepts such as 22 metres at 20.25 grams per tonne gold. Th...
Sunshine Metals launches A$3m share plan to fund gold and base metals exploration
May 8, 2026
Sunshine Metals has opened a share purchase plan to raise up to A$3 million at A$0.027 per share, offering eligible Australian and New Zealand shareholders the chance to subscribe for up to A$30,000 of stock without brokerage, on the same terms as...
Sunshine Metals Seeks ASX Quotation for Additional Shares
May 8, 2026
Sunshine Metals Limited has applied for the quotation of 2,333,333 new ordinary fully paid shares on the Australian Securities Exchange, with an issue date of 8 May 2026. The new shares arise from the exercise or conversion of existing options or ...
Sunshine Metals Seeks ASX Quotation for 625.9 Million New Shares
May 8, 2026
Sunshine Metals Limited has applied to the ASX for quotation of 625,925,925 ordinary fully paid shares, with an issue date of 8 May 2026, under its ticker SHN. The substantial new share quotation will materially expand the company’s listed s...
Sunshine Metals reinforces JORC-backed resource base across Queensland portfolio
May 7, 2026
Sunshine Metals has outlined the technical basis for its Queensland resource portfolio, detailing how gold, copper, zinc, lead and silver are modelled and reported across its Liontown, Waterloo, Orient, Plateau and Sybil projects. The company emph...
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.