Want to see AU:SMI full AI Analyst Report?
Top Page
Santana Minerals Ltd.
(Sydney:SMI)
Select Model
Select Model
Rating:46Neutral
Price Target:
AU$0.41
▼(-54.73% Downside)
Action:Reiterated
Date:10/11/26
The score is held down primarily by the lack of revenue, persistent losses, and ongoing negative operating/free cash flow (despite improved cash burn in 2026). A very low-debt balance sheet provides meaningful financial resilience, but technicals remain bearish with weak momentum and the stock trading below key moving averages, while valuation support is limited due to negative earnings and no dividend yield data.
Positive Factors
Low leverage
Extremely low debt reduces financial risk and preserves flexibility while Santana advances its mineral projects. A lightly leveraged balance sheet can better withstand development delays and gives management more room to fund exploration without a heavy interest burden.
Negative Factors
No commercial revenue
The absence of revenue confirms that Santana has not yet reached a commercial production stage, leaving its financial profile dependent on exploration and development progress. Until projects begin generating sales, the company lacks operating revenue to fund activities internally.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage
Extremely low debt reduces financial risk and preserves flexibility while Santana advances its mineral projects. A lightly leveraged balance sheet can better withstand development delays and gives management more room to fund exploration without a heavy interest burden.
Read all positive factors
Santana Minerals Ltd. (SMI) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$416.05M
Dividend YieldN/A
Average Volume (3M)2.59M
Price to Earnings (P/E)―
Beta (1Y)1.56
Revenue GrowthN/A
EPS Growth29.63%
CountryAU
Employees23
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding990,605,600
10 Day Avg. Volume1,351,665
30 Day Avg. Volume2,590,426
Financial Highlights & Ratios
PEG Ratio7.99
Price to Book (P/B)1.42
Price to Sales (P/S)0.00
P/FCF Ratio-132.57
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$1.15Price Target Upside26.37% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.03
Revenue Forecast (FY)AU$66.98M
Santana Minerals Ltd. Business Overview & Revenue Model
Company Description
Santana Minerals Limited engages in the exploration and evaluation of gold properties in New Zealand, Cambodia, and Mexico. The company explores for gold, silver, and diamond properties. It holds a 100% interest in the Bendigo-Ophir gold project c...
Santana Minerals Ltd. Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
72
Positive
Cash Flow
28
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 | -21.66K | -115.87K | -12.66K | -406.00 | -469.00 |
| EBITDA | -6.54M | -4.59M | -2.54M | -6.84M | ― |
| Net Income | -1.41M | -1.69M | -2.59M | -6.87M | -1.04M |
Balance Sheet | |||||
| Total Assets | 288.79M | 106.40M | 69.78M | 39.99M | 19.92M |
| Cash, Cash Equivalents and Short-Term Investments | 188.33M | 50.45M | 33.07M | 17.21M | 2.45M |
| Total Debt | 246.55K | 199.19K | 52.85K | 0.00 | 0.00 |
| Total Liabilities | 6.55M | 3.80M | 1.93M | 987.04K | 642.62K |
| Stockholders Equity | 282.23M | 102.60M | 67.85M | 39.00M | 19.28M |
Cash Flow | |||||
| Free Cash Flow | -3.02M | -18.99M | -15.21M | -10.74K | -5.19K |
| Operating Cash Flow | -2.27M | -2.73M | -1.53M | -1.22K | -1.04K |
| Investing Cash Flow | -48.79M | -16.08M | -13.68M | -9.52K | -4.15M |
| Financing Cash Flow | 188.98M | 36.18M | 31.07M | 25.50M | 3.71M |
Santana Minerals Ltd. Technical Analysis
Negative
0.91
Price Trends
0.50
Negative
0.50
Negative
0.63
Negative
Market Momentum
-0.03
Negative
39.31
Neutral
68.93
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:SMI, the sentiment is Negative. The current price of 0.91 is above the 20-day moving average (MA) of 0.45, above the 50-day MA of 0.50, and above the 200-day MA of 0.63, indicating a bearish trend. The MACD of -0.03 indicates Negative momentum. The RSI at 39.31 is Neutral, neither overbought nor oversold. The STOCH value of 68.93 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:SMI.
Santana Minerals Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | AU$658.06M | 5.13 | 105.77% | 0.00% | 1594866.18% | ― | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
58 Neutral | AU$664.97M | -56.05 | -4.83% | 3.03% | ― | 30.19% | |
57 Neutral | AU$445.56M | -9.04 | -9.19% | 0.93% | 2.93% | 50.61% | |
47 Neutral | AU$314.50M | -51.09 | -4.32% | ― | ― | 5.15% | |
46 Neutral | AU$416.05M | -221.05 | -0.64% | ― | ― | 29.63% | |
41 Neutral | AU$162.39M | -3.21 | -45.72% | ― | ― | 10.08% |
* Basic Materials Sector Average
AU:SMI
Santana Minerals Ltd.
0.42
-0.34
-44.74%
AU:NMG
Ora Gold
0.06
0.03
76.47%
AU:AUC
Ausgold Limited
1.21
0.43
54.49%
AU:MTM
Mt Monger Resources Ltd.
0.22
-0.58
-72.96%
AU:29M
29metals Ltd.
0.26
-0.17
-39.86%
AU:AZY
Antipa Minerals Limited
0.47
-0.10
-17.54%
Santana Minerals Ltd. Corporate Events
Santana Minerals Director Increases Equity Stake Through Option Exercise
Oct 22, 2026
Santana Minerals Ltd. has reported a change in director Peter Cook’s indirect interests, with his holding vehicle Ajava Holdings Pty Ltd increasing its stake through the exercise of unlisted options and vesting of performance rights. Followi...
Santana Minerals director boosts shareholding via vested performance rights
Oct 22, 2026
Santana Minerals has disclosed a change in director Damian Spring’s interests following the vesting of performance rights. The update shows an increase in his direct holding of ordinary shares and a corresponding reduction in one tranche of ...
Santana Minerals Director Increases Shareholding After Performance Rights Vesting
Oct 22, 2026
Santana Minerals has reported a change in director Samuel Smith’s interests, following the vesting of performance rights into ordinary shares. The Wanderlei Industries Family Trust acquired 90,000 ordinary shares at nil consideration, corres...
Santana Minerals Expands Share Capital Through Performance Rights and Option Exercises
Oct 22, 2026
Santana Minerals has issued a total of 4,845,000 fully paid ordinary shares following the vesting of employee performance rights and the exercise of unlisted options. The new shares were issued without a formal disclosure document, relying instead...
Santana Minerals Seeks ASX Quotation for 4.8 Million New Shares
Oct 22, 2026
Santana Minerals Limited has applied for quotation of 4,845,000 new ordinary fully paid shares on the Australian Securities Exchange. The securities, issued on October 22, 2026, will be traded under the company’s existing ASX code SMI.The ne...
Santana Minerals Reaffirms Bendigo–Ophir Gold Study and Flags Funding Risks
Sep 22, 2026
Santana Minerals has reiterated key elements of its pre-feasibility work on the Bendigo–Ophir Gold Project, highlighting that about 93% of the Mineral Resources planned for extraction fall within the Indicated category, with the remainder cl...
Santana Minerals Gains Spot in Global Junior Gold Miners ETF
Sep 17, 2026
Santana Minerals has been added to the VanEck Junior Gold Miners ETF, known as GDXJ, effective at the close of trading on 18 September 2026 as part of the fund’s semi-annual index rebalance. The ETF, which holds about US$8.9 billion in net a...
Santana Minerals Extends High-Grade Gold Core at RAS with Deeper Stacked Zone
Sep 2, 2026
Santana Minerals has reported further strong infill drilling results from the Rise and Shine (RAS) South deposit, as part of its efforts to tighten drill spacing and upgrade the high-grade HG1 domain that underpins early open pit mining plans. The...
Santana Minerals Extends High-Grade Gold Core at Rise and Shine South
Sep 2, 2026
Santana Minerals has reported further high-grade gold intercepts from infill drilling at its Rise and Shine South deposit, with recent holes MDD529 and MDD530 significantly expanding and upgrading the HG1 high-grade core. The tighter drill spacing...
Santana Minerals Advances Bendigo–Ophir as New Zealand’s Next Major Gold Project
Aug 24, 2026
Santana Minerals is fast-tracking development of its Bendigo–Ophir Gold Project, positioning it as New Zealand’s newest major gold operation. The company is working from a pre-feasibility study released in 2025, which outlines a produc...
Santana Minerals Nears Final Decision on Bendigo–Ophir Fast-Track Approvals
Aug 24, 2026
An expert panel reviewing Santana Minerals’ fast-track approvals application for the Bendigo–Ophir Gold Project has requested a brief delay to allow further comment and response on the company’s latest information, including clar...
Santana Minerals Reaffirms Bendigo–Ophir Gold Project PFS and Flags Funding, Strategic Options
Aug 4, 2026
Santana Minerals has reiterated key information from its Bendigo–Ophir Gold Project prefeasibility study, confirming that the production target and associated financial forecasts disclosed in prior ASX announcements remain unchanged. The com...
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.