Want to see AU:WWI full AI Analyst Report?
Top Page
West Wits Mining Limited
(Sydney:WWI)
Select Model
Select Model
Rating:45Neutral
Price Target:
AU$0.39
â–Ľ(-11.36% Downside)
Action:Reiterated
Date:09/06/26
The score is primarily weighed down by weak financial performance: large ongoing losses and sharply worsening cash burn overshadow recent revenue acceleration and improved gross margin. Technical signals are neutral with only modest near-term improvement against a still-weak longer-term trend, while valuation is constrained by negative earnings and no dividend yield.
Positive Factors
Revenue and gross-margin improvement
The sharp increase in revenue and return to positive gross margin indicate improving commercial traction and project economics. If this progress persists, it could provide a foundation for operating leverage, although the current revenue base remains small relative to the company’s cost structure.
Negative Factors
Deep and persistent unprofitability
Extremely negative margins show that current revenue is insufficient to support operating costs and overhead. This weak profitability limits internally generated funding, makes progress dependent on future execution, and leaves little buffer if project development takes longer or requires additional spending.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and gross-margin improvement
The sharp increase in revenue and return to positive gross margin indicate improving commercial traction and project economics. If this progress persists, it could provide a foundation for operating leverage, although the current revenue base remains small relative to the company’s cost structure.
Read all positive factors
West Wits Mining Limited (WWI) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$180.48M
Dividend YieldN/A
Average Volume (3M)705.45K
Price to Earnings (P/E)―
Beta (1Y)2.08
Revenue GrowthN/A
EPS Growth-99.21%
CountryAU
Employees5
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)-0.11
Shares Outstanding434,894,000
10 Day Avg. Volume830,533
30 Day Avg. Volume705,449
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
0.41
Positive
0.47
Negative
0.59
Negative
Market Momentum
>-0.01
Positive
48.01
Neutral
26.61
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 0.44, above the 50-day MA of 0.41, and below the 200-day MA of 0.59, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 48.01 is Neutral, neither overbought nor oversold. The STOCH value of 26.61 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$118.18M | -8.73 | -25.68% | ― | ― | -323.13% | |
51 Neutral | AU$298.14M | -18.41 | -87.62% | ― | -100.00% | -2337.50% | |
45 Neutral | AU$180.48M | -3.76 | -13.58% | ― | ― | -99.21% | |
44 Neutral | AU$222.52M | -135.24 | -2.84% | ― | ― | -92.31% | |
39 Underperform | AU$260.74M | -71.73 | -8.87% | ― | ― | 99.23% | |
32 Underperform | AU$164.51M | -14.17 | -13.28% | ― | ― | ― |
* Basic Materials Sector Average
AU:WWI
West Wits Mining Limited
0.40
-0.07
-14.71%
AU:PGL
Pilbara Gold
0.50
0.12
32.00%
AU:TGM
Theta Gold Mines
0.19
-0.05
-20.83%
AU:TAM
Tanami Gold NL
0.07
0.02
28.30%
AU:BGD
Barton Gold Holdings Limited
1.08
0.09
9.69%
AU:HRN
Horizon Gold Ltd
1.12
0.53
89.85%
West Wits Mining Limited Corporate Events
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...
West Wits Director Options Lapse Without Exercise
Jul 6, 2026
West Wits Mining disclosed a change in director Michael Quinert’s interests following the expiry of certain options. Quinert’s indirect holding of options, held through director-related entity Kastin Pty Ltd, decreased by 125,000 optio...
West Wits Mining Options Lapse, Adjusting Issued Capital
Jul 6, 2026
West Wits Mining Limited has announced the cessation of 1,132,762 options that expired unexercised on 1 July 2026. The options, listed under the code WWIAC and covering various expiry dates and prices, have lapsed without conversion, resulting in ...
West Wits Secures R875m Loan to Fully Fund Qala Shallows Gold Project
Jul 1, 2026
West Wits Mining has achieved financial close on a R875 million senior loan facility with Absa Bank and Nedbank CIB, marking a landmark funding milestone for the Qala Shallows Gold Project. The facility fully funds development through to steady-st...
West Wits Mining Issues 675,000 Unquoted Employee Incentive Options
Jun 30, 2026
West Wits Mining Limited has notified the market of the issuance of 675,000 unquoted options, designated under the ASX security code WWIAC, expiring on various dates and at various exercise prices. These options were issued on June 29, 2026, and f...
West Wits Clears Nebari Debt as South African Senior Loan Nears Close
Jun 26, 2026
West Wits has fully repaid its USD 12.5 million Nebari loan facility, releasing associated obligations and security and clearing a key condition precedent for closing a ZAR 875 million senior loan with Absa Bank and Nedbank CIB. Management credite...
West Wits Mining Issues New Shares on Option Exercise and Lodges Cleansing Notice
Jun 24, 2026
West Wits Mining Limited has issued 62,500 fully paid ordinary shares following the exercise of an equivalent number of options, expanding its share capital without providing a formal prospectus under the Corporations Act’s disclosure exempt...
West Wits Mining Seeks ASX Quotation for Additional Shares
Jun 24, 2026
West Wits Mining Limited has applied to the ASX for quotation of 62,500 new ordinary fully paid shares, scheduled to be issued on 24 June 2026. The new securities arise from the exercise or conversion of existing options or other convertible instr...
West Wits Secures Full Debt Package to Fund Qala Shallows Gold Mine Ramp-Up
Jun 19, 2026
West Wits Mining has executed definitive loan agreements with Absa Bank and Nedbank CIB for a three-part project finance package that fully funds the Qala Shallows Gold Project, the initial stage of its Witwatersrand Basin development. The facilit...
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.