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West Wits Mining Limited
(Sydney:WWI)
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Rating:43Neutral
Price Target:
AU$0.33
â–Ľ(-24.32% Downside)
Action:Reiterated
Date:10/24/26
The score is primarily held back by weak financial performance—large ongoing losses and sharply worsening cash burn—despite improving revenue and gross margin. Technicals also weigh on the score, with the stock trading below major moving averages and bearish momentum indicators. Valuation provides limited support because the company is loss-making and no dividend yield is available.
Positive Factors
Revenue Growth
The sharp increase in annual revenue indicates improving commercial activity and a larger revenue base than the prior year. If sustained, this growth can provide a foundation for scaling the project portfolio, although the current level remains too small to support profitability.
Negative Factors
Deep Operating Losses
Despite revenue growth and better gross margin, 2026 remained deeply unprofitable, with net margin around negative 50 times revenue and very large operating losses. Such a cost structure indicates the current revenue base is not yet sufficient to support the business model or fund development internally.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
The sharp increase in annual revenue indicates improving commercial activity and a larger revenue base than the prior year. If sustained, this growth can provide a foundation for scaling the project portfolio, although the current level remains too small to support profitability.
Read all positive factors
West Wits Mining Limited (WWI) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$147.99M
Dividend YieldN/A
Average Volume (3M)569.49K
Price to Earnings (P/E)―
Beta (1Y)2.21
Revenue GrowthN/A
EPS Growth-99.21%
CountryAU
Employees5
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)-0.11
Shares Outstanding435,269,000
10 Day Avg. Volume500,158
30 Day Avg. Volume569,486
Financial Highlights & Ratios
PEG Ratio0.20
Price to Book (P/B)1.80
Price to Sales (P/S)809.63
P/FCF Ratio-6.71
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
West Wits Mining Limited Business Overview & Revenue Model
Company Description
West Wits Mining Limited is an enterprise primarily involved in the exploration and development of mineral properties rich in gold and base metals. Its operations span across both South Africa and Western Australia. Central to its portfolio is the...
How the Company Makes Money
WWI’s primary economic objective is to generate cash flow by developing and operating gold mining projects and selling produced gold. Because project-specific production and sales details are not available here, the exact current revenue mix (e.g....
West Wits Mining Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
55
Neutral
Cash Flow
22
Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 197.00K | 54.00K | 28.00K | 56.00K | 67.00K |
| Gross Profit | 98.00K | 54.00K | -110.00K | -116.00K | -33.00K |
| EBITDA | -7.61M | -2.19M | -1.68M | -2.95M | -5.53M |
| Net Income | -9.98M | -3.27M | -1.68M | -2.75M | -5.28M |
Balance Sheet | |||||
| Total Assets | 110.12M | 43.42M | 28.23M | 25.93M | 27.28M |
| Cash, Cash Equivalents and Short-Term Investments | 32.02M | 12.15M | 1.41M | 1.37M | 2.33M |
| Total Debt | 23.31M | 1.05M | 68.00K | 150.00K | 1.00M |
| Total Liabilities | 31.82M | 5.88M | 3.10M | 3.14M | 5.01M |
| Stockholders Equity | 88.76M | 45.31M | 32.53M | 30.17M | 28.76M |
Cash Flow | |||||
| Free Cash Flow | -23.77M | -4.76M | -2.92M | -4.92M | -13.30M |
| Operating Cash Flow | -12.29M | -1.18M | -1.53M | -2.68M | -3.00M |
| Investing Cash Flow | -47.92M | -3.58M | -1.40M | -2.24M | -10.30M |
| Financing Cash Flow | 80.14M | 15.44M | 2.90M | 4.44M | 14.67M |
West Wits Mining Limited Technical Analysis
Negative
0.44
Price Trends
0.40
Negative
0.41
Negative
0.54
Negative
Market Momentum
-0.02
Negative
43.33
Neutral
55.56
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:WWI, the sentiment is Negative. The current price of 0.44 is above the 20-day moving average (MA) of 0.35, above the 50-day MA of 0.40, and below the 200-day MA of 0.54, indicating a bearish trend. The MACD of -0.02 indicates Negative momentum. The RSI at 43.33 is Neutral, neither overbought nor oversold. The STOCH value of 55.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:WWI.
West Wits Mining Limited 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% | |
53 Neutral | AU$227.40M | -106.88 | -3.46% | ― | ― | -75.76% | |
48 Neutral | AU$222.96M | -8.62 | -80.60% | ― | -100.00% | -1011.90% | |
47 Neutral | AU$91.27M | -5.84 | -27.74% | ― | ― | 75.42% | |
44 Neutral | AU$136.31M | -9.82 | -10.42% | ― | ― | -17.39% | |
43 Neutral | AU$147.99M | -3.10 | -13.58% | ― | ― | -99.21% | |
41 Neutral | AU$261.46M | -28.41 | -12.57% | ― | ― | 59.02% |
* Basic Materials Sector Average
AU:WWI
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West Wits Mining Limited Corporate Events
West Wits Mining to Host Investor Webinar on September Quarter Results
Oct 27, 2026
West Wits Mining Limited will host a live investor webinar to discuss its quarterly results for the period ended 30 September 2026. The session, led by Chief Executive Officer Rudi Deysel on 29 October 2026 at 2:30pm AEDT, is open to shareholders ...
West Wits ramps up Qala Shallows development and secures funding to steady-state gold output
Oct 26, 2026
West Wits Mining reported a strong September quarter at its Qala Shallows project, with monthly underground development almost tripling to a record 200 metres and total advance reaching 1,150 metres. Surface infrastructure is now 61 percent comple...
West Wits to Launch Drilling at Bird Reef Central Uranium-Gold Project
Oct 25, 2026
West Wits Mining has commissioned a 17-hole, 5,750-metre diamond drilling program at its Bird Reef Central uranium-gold project in Johannesburg, with work scheduled to start by the end of November 2026. The initiative targets uranium and gold-bear...
West Wits Director Exercises Options to Lift Indirect Shareholding
Oct 14, 2026
West Wits Mining Limited has disclosed a change in director Warwick Robert Grigor’s indirect interests in the company’s securities, involving entities through which he holds shares and options. The filing outlines adjustments to his ho...
West Wits Mining Expands Share Capital Through Option Exercise
Oct 13, 2026
West Wits Mining Limited has issued 375,000 fully paid ordinary shares following the exercise of an equivalent number of unlisted options, expanding its share capital without using a prospectus or disclosure document under Part 6D.2 of the Corpora...
West Wits Mining Seeks ASX Quotation for Additional Shares
Oct 13, 2026
West Wits Mining Limited is an ASX-listed resources company focused on gold and mineral exploration and development, offering investors exposure to the precious metals sector through its WWI ordinary shares. Its activities center on advancing mini...
West Wits Secures Funding and Sets Production Timeline for Qala Shallows
Oct 13, 2026
West Wits Mining has provided an update on its Qala Shallows project, confirming it is now fully funded through to steady-state production following a second senior debt drawdown of R236 million. The project sits within the company’s broader...
West Wits Mining sets hybrid 2026 AGM, pushes digital shareholder engagement
Oct 8, 2026
West Wits Mining Limited has scheduled its 2026 Annual General Meeting for 11 November as a hybrid event, allowing shareholders to attend either in person in Melbourne or virtually via an online platform. The company will primarily distribute the ...
West Wits Fully Funds Qala Shallows as Development Accelerates Toward 2027 Output
Oct 6, 2026
West Wits Mining says its Qala Shallows Gold Project in South Africa is now fully funded to steady-state production after securing a second R236 million senior debt drawdown from Absa and Nedbank. The company is ramping up underground and surface ...
West Wits Sets Timetable for 2026 AGM and Director Nominations
Sep 18, 2026
West Wits Mining Limited has scheduled its 2026 Annual General Meeting of shareholders for 11 November 2026, aligning with its ongoing corporate governance and compliance obligations as an ASX-listed mining company. The company has also set 30 Sep...
West Wits Mining Steps Up Global Investor Outreach as Qala Shallows Ramps Up
Sep 15, 2026
West Wits Mining has launched a global investor engagement program as it advances development at its Qala Shallows gold project in South Africa. The company will present at a series of gold and mining investment conferences in Hong Kong, Sydney, Z...
West Wits Mining Issues New Shares on Option Exercise Under Cleansing Notice
Sep 7, 2026
West Wits Mining Limited has issued 6,000 fully paid ordinary shares following the exercise of an equivalent number of listed WWIO options. The company lodged an Appendix 2A with the ASX and confirmed that the share issue was conducted without a p...
S&P Dow Jones Indices Unveils September Rebalance of S&P/ASX Benchmarks
Sep 4, 2026
SP Dow Jones Indices has announced the September 2026 quarterly rebalance of its SP/ASX indices, with changes taking effect before trading opens on 21 September. The flagship SP/ASX 20 will remain unchanged, while the SP/ASX 50, 100, 200 and 300 w...
West Wits Director Restructures Shareholding With No Change in Total Stake
Sep 4, 2026
West Wits Mining Limited has disclosed a change in the way Director Jacobus (Jac) van Heerden holds his share interests, shifting part of his stake from a direct to an indirect nominee structure. The off-market internal transfer leaves his total n...
West Wits Mining Details Director Keith Middleton’s Exit and Remaining Equity Holdings
Sep 4, 2026
West Wits Mining Limited has announced that director Keith Middleton ceased to be a director of the company effective 1 September 2026. At the time of his departure, Middleton held 900,000 fully paid ordinary shares and 50,000 options in West Wits...
West Wits Mining Highlights Qala Shallows Growth at Africa Down Under
Sep 3, 2026
West Wits Mining’s executive team is engaging with investors and industry participants in Perth as CEO and Managing Director Rudi Deysel presents at the Africa Down Under conference. The presentation will update the market on progress at the...
West Wits Director Keith Middleton Resigns to Focus on Golden State Mining Role
Sep 1, 2026
West Wits Mining has announced the resignation of non-executive director Keith Middleton, effective 1 September 2026, as he devotes his full attention to his role as CEO and managing director of Golden State Mining. Middleton, who joined West Wits...
West Wits Mining Releases 2026 Annual Report
Aug 31, 2026
West Wits Mining Limited has released its Annual Report for the year ended 30 June 2026, outlining its corporate directory, chairman’s letter and a review of operations. The report also presents ore reserve and mineral resource estimates, di...
West Wits Completes Project 200 Scoping Study Review with ASX Underway
Aug 19, 2026
West Wits Mining Limited, an explorer and developer of precious and base metals, is advancing its flagship Witwatersrand Basin Project in South Africa’s Central Rand Goldfield, where it controls a 7.24‑million‑ounce gold resource...
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.