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Sunshine Gold Ltd
(Sydney:SHN)
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Rating:42Neutral
Price Target:
AU$0.02
â–¼(-40.00% Downside)
Action:Reiterated
Date:10/07/26
The score is driven primarily by weak financial performance (no revenue, ongoing losses and cash burn) and bearish technicals (trading below major moving averages with negative momentum). A low-debt balance sheet and improving loss/free-cash outflow in 2026 provide some support, but valuation remains constrained by unprofitability and the absence of dividend data.
Positive Factors
Low financial leverage
Very low debt relative to equity reduces solvency pressure and preserves financial flexibility for exploration and project development. The conservative capital structure should also limit interest-related demands on cash while the company remains pre-revenue and works toward commercial production.
Negative Factors
No revenue or demonstrated commercial traction
The absence of revenue confirms that Sunshine Gold remains dependent on exploration and development progress rather than an operating business model with recurring sales. Without demonstrated commercial traction, future earnings remain contingent on successfully advancing projects into production.
Read all positive and negative factors
Positive Factors
Negative Factors
Low financial leverage
Very low debt relative to equity reduces solvency pressure and preserves financial flexibility for exploration and project development. The conservative capital structure should also limit interest-related demands on cash while the company remains pre-revenue and works toward commercial production.
Read all positive factors
Sunshine Gold Ltd (SHN) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$86.35M
Dividend YieldN/A
Average Volume (3M)4.52M
Price to Earnings (P/E)―
Beta (1Y)2.67
Revenue GrowthN/A
EPS Growth61.54%
CountryAU
Employees961
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)<0.01
Shares Outstanding3,598,094,500
10 Day Avg. Volume5,073,969
30 Day Avg. Volume4,517,925
Financial Highlights & Ratios
PEG Ratio0.60
Price to Book (P/B)1.56
Price to Sales (P/S)0.00
P/FCF Ratio-66.10
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...
Sunshine Gold Ltd Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
70
Positive
Cash Flow
22
Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -52.38K | -80.30K | -122.00K | -1.31M | -390.00K |
| EBITDA | -2.33M | -1.48M | -6.81M | -2.18M | -1.28M |
| Net Income | -1.22M | -2.27M | -6.93M | -3.49M | -1.67M |
Balance Sheet | |||||
| Total Assets | 66.86M | 18.04M | 17.29M | 16.74M | 12.44M |
| Cash, Cash Equivalents and Short-Term Investments | 20.57M | 1.92M | 3.39M | 3.33M | 1.85M |
| Total Debt | 138.48K | 122.18K | 86.46K | 185.97K | 268.29K |
| Total Liabilities | 19.89M | 2.56M | 2.58M | 2.12M | 982.28K |
| Stockholders Equity | 46.97M | 15.48M | 14.71M | 14.62M | 11.45M |
Cash Flow | |||||
| Free Cash Flow | -1.11M | -5.34M | -6.86M | -5.17M | -5.14M |
| Operating Cash Flow | -1.11M | -837.66K | -713.42K | -1.23M | -1.03M |
| Investing Cash Flow | -12.26M | -3.48M | -6.17M | -3.80M | -4.15M |
| Financing Cash Flow | 32.01M | 2.84M | 6.95M | 6.50M | 4.84M |
Sunshine Gold Ltd Technical Analysis
Negative
0.04
Price Trends
0.03
Negative
0.03
Negative
0.03
Negative
Market Momentum
>-0.01
Positive
2.08
Positive
-50.00
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:SHN, the sentiment is Negative. The current price of 0.04 is above the 20-day moving average (MA) of 0.02, above the 50-day MA of 0.03, and above the 200-day MA of 0.03, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 2.08 is Positive, neither overbought nor oversold. The STOCH value of -50.00 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
55 Neutral | AU$76.83M | 1.67 | 78.58% | 13.92% | 157.71% | ― | |
46 Neutral | AU$52.13M | -5.71 | -20.06% | ― | ― | -7.35% | |
43 Neutral | AU$69.71M | -7.14 | -18.80% | ― | ― | -133.33% | |
42 Neutral | AU$86.35M | -63.89 | -3.59% | ― | ― | 61.54% | |
42 Neutral | AU$82.24M | -20.12 | -18.77% | ― | ― | 50.30% |
* Basic Materials Sector Average
AU:SHN
Sunshine Gold Ltd
0.02
<0.01
9.09%
AU:AGD
Austral Gold
0.12
0.04
45.57%
AU:G50
Gold 50 Ltd.
0.33
-0.16
-32.65%
AU:FEG
Far East Gold Ltd
0.13
-0.01
-7.41%
AU:FXG
Felix Gold Ltd.
0.14
-0.36
-72.45%
AU:MPK
Many Peaks Gold Ltd.
1.06
0.36
51.43%
Sunshine Gold Ltd Corporate Events
Sunshine Metals launches first drilling at Burdekin Veins within Sybil gold project
Oct 19, 2026
Sunshine Metals has begun a 28-hole, 2,680m reverse circulation drilling program at its Sybil Epithermal Gold Project in North Queensland, marking the first drill tests at the Burdekin Veins and Cisco prospects while following up high-grade result...
Sunshine Metals maps pathway to gold production in North Queensland
Oct 19, 2026
Sunshine Metals Limited has outlined its progress toward establishing a clear pathway to gold production in North Queensland. Leveraging full ownership of the Mt Moss processing facility and the high-grade Liontown deposit, the company is consolid...
Sunshine Metals Calls AGM, Seeks Approval for Equity Issuance Mandate
Oct 19, 2026
Sunshine Metals Limited has called its annual general meeting for 18 November 2026 in Townsville, inviting shareholders to review the company’s financial statements for the year ended 30 June 2026. The session will cover the director’s...
Sunshine Metals Sets AGM as Queensland Exploration Portfolio Grows
Oct 19, 2026
Sunshine Metals Limited has called its Annual General Meeting for 18 November 2026 in Townsville, with meeting materials provided electronically and proxy voting encouraged ahead of the deadline. The board-authorised notice outlines logistical arr...
Sunshine Metals consolidates North Queensland resources as it advances toward gold production
Oct 8, 2026
Sunshine Metals Ltd has outlined its North Queensland portfolio as a mix of gold‑copper rich footwall lodes and zinc‑lead‑silver dominant contact lodes at its Liontown project, where gold and zinc respectively account for the maj...
Sunshine Metals expands gold footprint at Sybil ahead of Mt Moss restart
Oct 5, 2026
Sunshine Metals has extended the gold mineralisation footprint at its Sybil project in North Queensland following a 66-hole, 4,357 metre reverse circulation drilling campaign. The latest results confirm high-grade mineralisation along the A Vein a...
Sunshine Metals Discloses New Director’s Significant Equity Stake
Oct 1, 2026
Sunshine Metals Limited, also known as Sunshine Gold Ltd, operates in the metals and mining sector, with a focus on gold and related mineral assets. The company is listed on the ASX and its capital structure includes fully paid ordinary shares and...
Sunshine Metals Issues 14.5 Million Employee Incentive Options
Sep 30, 2026
Sunshine Metals Limited has announced the issue of 14,500,000 unquoted options under an employee incentive scheme, exercisable at $0.06 and expiring on 1 October 2029. The move is designed to align staff interests with long-term shareholder value ...
Sunshine Metals Releases 2026 Annual Financial Report
Sep 24, 2026
Sunshine Metals Limited has released its annual financial report for the year ended 30 June 2026, outlining its consolidated financial performance, position and cash flows. The report also details changes in equity, governance practices and additi...
Sunshine Metals boosts Liontown economics in updated mining study
Sep 20, 2026
Sunshine Metals has released an updated Mining Study for its Liontown project in North Queensland, setting a production target of roughly 80,000 ounces of gold and 952,000 ounces of silver from a combined open pit and underground operation. The st...
Sunshine Metals Keeps Mt Moss Refurbishment on Track for Mid-2027 Gold Start
Sep 7, 2026
Sunshine Metals reports that refurbishment of its Mt Moss processing facility in northern Queensland is progressing on schedule, with decommissioning of legacy magnetite equipment, mill upgrades, infrastructure assessments and camp re-establishmen...
Sunshine Metals Expands ASX-Quoted Equity Through Option Exercise
Aug 20, 2026
Sunshine Metals Limited has issued 2,165,423 fully paid ordinary shares following the exercise of options, adding to its class of securities quoted on the ASX. The new shares may be offered for sale in the market, modestly expanding the company...
Sunshine Metals Seeks ASX Quotation for Additional Shares
Aug 20, 2026
Sunshine Metals Limited has lodged a new application with the ASX for quotation of additional ordinary fully paid shares under the code SHN. The move reflects the company’s ongoing use of equity markets to support its corporate and operation...
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...
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.