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Santana Minerals Ltd. (SMI) AI Stock Analysis
Santana Minerals Ltd.
(ASX:SMI)
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.
Santana Minerals Ltd. (SMI) vs. iShares MSCI Australia ETF (EWA)
- Market Cap
- AUD 416.05M
- Dividend Yield
- ―
- Average Volume (3M)
- 2.64M
- Price to Earnings (P/E)
- -221.1
- Beta (1Y)
- 1.56
- Revenue Growth
- ―
- EPS Growth
- 29.63%
- Country
- Australia
- Employees
- 23
- Sector
- Basic Materials
- Sector Strength
- 61
- Industry
- Other Precious Metals
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 cove...
Santana Minerals Ltd. Financial Statement Overview
Summary
Financial profile is mixed: the balance sheet is strong with extremely low debt and sharply higher equity/assets by 2026, but the company reports no revenue across 2021–2026 with persistent net losses. Cash flow remains negative (operating and free cash flow), though cash burn improved materially in 2026 versus 2024–2025, indicating a better trajectory but still ongoing funding dependence.
Income Statement
12Very NegativeBalance Sheet
72PositiveCash Flow
28Negative| Breakdown | TTM | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0 | 0 | 0 | 0 | 0 | 0 |
| Gross Profit | 0 | -21.66K | -115.87K | -12.66K | -406 | -469 |
| EBITDA | -6.56M | -6.54M | -4.59M | -2.54M | -6.84M | ― |
| Net Income | -1.41M | -1.41M | -1.69M | -2.59M | -6.87M | -1.04M |
Balance Sheet | ||||||
| Total Assets | 288.79M | 288.79M | 106.40M | 69.78M | 39.99M | 19.92M |
| Cash, Cash Equivalents and Short-Term Investments | 188.33M | 188.33M | 50.45M | 33.07M | 17.21M | 2.45M |
| Total Debt | 246.55K | 246.55K | 199.19K | 52.85K | 0 | 0 |
| Total Liabilities | 6.55M | 6.55M | 3.80M | 1.93M | 987.04K | 642.62K |
| Stockholders Equity | 282.23M | 282.23M | 102.60M | 67.85M | 39.00M | 19.28M |
Cash Flow | ||||||
| Free Cash Flow | -3.02M | -3.02M | -18.99M | -15.21M | -10.74K | -5,188 |
| Operating Cash Flow | -2.27M | -2.27M | -2.73M | -1.53M | -1,217 | -1,042 |
| Investing Cash Flow | -48.79M | -48.79M | -16.08M | -13.68M | -9,523 | -4.15M |
| Financing Cash Flow | 188.98M | 188.98M | 36.18M | 31.07M | 25.50M | 3.71M |
Santana Minerals Ltd. Technical Analysis
Price Trends
Market Momentum
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 0.42 is below the 20-day moving average (MA) of 0.45, below the 50-day MA of 0.50, and below 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
Overall Rating
AU:NMG86Outperform
AU:AUC60Neutral
AU:29M57Neutral- AU:SMI46Neutral
AU:AZY42Neutral
AU:MTM41Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| AU:NMG | 86Outperform | AUD 658.06M | 5.13 | 105.77% | ― | 1594866.18% | ― |
| Sector * | 61Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
| AU:AUC | 60Neutral | AUD 664.97M | -56.05 | -4.83% | ― | ― | 30.19% |
| AU:29M | 57Neutral | AUD 445.56M | -9.04 | -9.19% | ― | 2.93% | 50.61% |
| AU:SMI | 46Neutral | AUD 416.05M | -221.05 | -0.64% | ― | ― | 29.63% |
| AU:AZY | 42Neutral | AUD 314.50M | -51.09 | -4.32% | ― | ― | 5.15% |
| AU:MTM | 41Neutral | AUD 162.39M | -3.21 | -45.72% | ― | ― | 10.08% |
* Basic Materials Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| AU:SMI | Santana Minerals Ltd. | 0.42 | -0.34 | -44.74% | |
| AU:NMG | Ora Gold Ltd. | 0.06 | 0.03 | 76.47% | |
| AU:AUC | Ausgold Limited | 1.21 | 0.43 | 54.49% | |
| AU:MTM | Mt Monger Resources Ltd. | 0.21 | -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
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. Following...
Santana Minerals director boosts shareholding via vested performance rights
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 per...
Santana Minerals Director Increases Shareholding After Performance Rights Vesting
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, correspon...
Santana Minerals Expands Share Capital Through Performance Rights and Option Exercises
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 on...
Santana Minerals Seeks ASX Quotation for 4.8 Million New Shares
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 new s...
Santana Minerals Reaffirms Bendigo–Ophir Gold Study and Flags Funding Risks
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 class...
Santana Minerals Gains Spot in Global Junior Gold Miners ETF
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 asse...
Santana Minerals Extends High-Grade Gold Core at RAS with Deeper Stacked Zone
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 ca...
Santana Minerals Extends High-Grade Gold Core at Rise and Shine South
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 is...
Santana Minerals Advances Bendigo–Ophir as New Zealand’s Next Major Gold Project
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 productio...
Santana Minerals Nears Final Decision on Bendigo–Ophir Fast-Track Approvals
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 clarifi...
Santana Minerals Reaffirms Bendigo–Ophir Gold Project PFS and Flags Funding, Strategic Options
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 compan...
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.
Date of analysis: Oct 11, 2026