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Home CompaniesGolden Horse Minerals Ltd

Golden Horse Minerals Ltd

Basic Materials Gold
PortfolioPortfolio WatchlistWatchlist
Company price
0.45 AUD 0.01 ( 2.27%)
Last update at 2026-11-12T04:45:00Z
VOLUME
850809
Market Cap
108.23M

Momentum Score

…

Golden Horse Minerals Limited operates as a gold exploration company that is engaged in the acquisition, exploration, and development of mineral projects in Western Australia. It primarily explores for gold, nickel, and lithium exploration. Its flagship project is the Hopes Hill project located in Perth, Western Australia. The company was formerly known as Altan Rio Minerals Limited and changed its name to Golden Horse Minerals Limited in July 2023. Golden Horse Minerals Limited is based in Vancouver, Canada.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
0.45
Low
0.46
High
52 Week Price Range
0.36
Low
0.92
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Golden Horse Minerals Ltd is an Australian-listed mineral exploration company; publicly available information on its projects and operations is limited. Long-term growth may be driven by successful exploration results, resource definition, commodity price movements and project development or farm-out transactions, and investors may find the company attractive for leveraged exposure to discovery upside if exploration delivers material results.
Primary investment risks are high exploration and development uncertainty, likely lack of operating revenues, potential dilution from capital raises, and sensitivity to commodity prices and permitting and regulatory outcomes.

Risk Score
High

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
0.44
Dividend Yield
-
Revenue TTM
0.04M
Revenue Per Share
0.00
Gross Profit TTM
-0.00M
Debt / Equity
0.10
ROE
-14.09%
Net Debt
-1.93M
ROCE
-7.94%
Diluted EPS TTM
-0.14

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax -5.90M -6.94M -0.96M -1.09M -1.19M
Net income -5.90M -6.94M -0.96M -1.09M -1.19M
Selling general administrative 5.53M 6.29M 0.75M 0.38M 0.83M
Selling and marketing expenses - - - 0.01M 0.05M
Gross profit - 0.00M 1.75M - -
Ebit - - -0.94M - -
Ebitda - - -0.94M -1.06M -1.16M
Depreciation and amortization - - 0.00M - -
Operating income -6.49M -6.95M -0.38M - -
Other operating expenses - - 4.44M 1.01M 1.05M
Interest expense - 0.21M 0.02M 0.04M 0.03M
Interest income 0.58M -0.00M - - -
Total revenue 0.00M 0.00M 4.06M - -
Total operating expenses 6.49M 6.95M 2.13M 1.01M 1.05M
Cost of revenue - 0.00M 2.31M - -
Total other income expense net - - -0.58M -1.09M -1.19M
Net income applicable to common shares -5.90M -6.94M - - -
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 84.80M 36.51M 9.62M 4.82M 4.41M
Other current assets - - 0.37M 0.06M 0.01M
Total liab 5.13M 5.46M 1.18M 1.79M 1.53M
Total stockholder equity 79.67M 31.04M 8.44M 3.03M 2.88M
Other current liab - - 0.25M 0.36M 0.08M
Common stock 107.89M 54.89M 27.67M 24.17M 23.15M
Retained earnings -29.04M -23.35M -21.49M -22.55M -21.52M
Other assets 0.14M - - - -
Cash - - 1.93M 0.13M 0.19M
Cash and equivalents 43.66M 13.88M - - -
Total current liabilities 3.14M 3.62M 1.18M 1.79M 1.11M
Net debt - - -1.93M 0.19M 0.26M
Short term debt 0.00M 0.00M - 0.31M 0.03M
Short long term debt total - - - 0.31M 0.45M
Other stockholder equity 0.82M -0.50M 2.52M 2.58M 2.32M
Property plant equipment 40.55M 22.49M - - -
Total current assets 44.11M 14.02M 2.38M 0.20M 0.29M
Net receivables 0.29M 0.09M 0.08M 0.01M 0.09M
Accounts payable - - 0.93M 1.12M 1.00M
Accumulated other comprehensive income - - -0.26M -1.17M -1.08M
Non current assets total - - 7.25M 4.62M 4.11M
Long term debt total 0.00M 0.00M - - -
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total cashflows from investing activities -14.82M - - - -
Total cash from financing activities 45.68M - 2.95M 0.86M 1.45M
Net income -4.61M -6.99M -0.96M -1.09M -1.19M
Change in cash 28.67M - 1.81M -0.06M -0.41M
Begin period cash flow - 1.93M 0.13M 0.19M 0.60M
End period cash flow - - 1.93M 0.13M 0.19M
Total cash from operating activities -2.19M - 0.24M -0.43M -0.76M
Depreciation 0.04M - 0.00M - -
Other cashflows from investing activities - - -0.64M 0.18M 0.27M
Change to account receivables - - -0.06M 0.08M 0.04M
Sale purchase of stock 45.68M - - - -
Other cashflows from financing activities - - 0.92M 0.18M 0.34M
Capital expenditures 14.82M 0.00M 0.72M 0.65M 1.39M
Change in working capital -0.68M - 0.23M 0.21M 0.52M
Stock based compensation - - 0.34M 0.56M 0.10M
Other non cash items - - 0.63M -0.11M -0.18M
Free cash flow - - -0.48M -1.08M -2.15M

Peer Comparison*

Sector: Basic Materials Industry: Gold

Stock Name
Change
(AUD)
Price
(AUD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
GHM
Golden Horse Minerals Ltd		 0.01
2.27%		 0.45 - - 1610.01 11.11 2050.78
NEM
Newmont Corporation		 -4.95
2.80%		 171.70 12.09 10.42 6.66 3.15 4.08
NST
Northern Star Resources Ltd		 -0.60
2.24%		 26.13 22.36 18.80 4.85 2.15 4.51
EVN
Evolution Mining Ltd		 -0.59
4.21%		 13.41 18.16 13.61 4.88 4.07 4.25
DPM
Dpm Metals Inc.		 -2.48
4.45%		 53.25 12.00 9.34 9.29 2.70 5.58

Profile*

Golden Horse Minerals Ltd

Golden Horse Minerals Limited operates as a gold exploration company that is engaged in the acquisition, exploration, and development of mineral projects in Western Australia. It primarily explores for gold, nickel, and lithium exploration. Its flagship project is the Hopes Hill project located in Perth, Western Australia. The company was formerly known as Altan Rio Minerals Limited and changed its name to Golden Horse Minerals Limited in July 2023. Golden Horse Minerals Limited is based in Vancouver, Canada.

1700-666 Burrard Street, Vancouver, BC, Canada, V6C 2X8

604 631 1426

https://goldenhorseminerals.com

Name Title Year Born
Mr. Martin William Bouwmeester CPA CFO & Company Secretary NA
Mr. Josh Conner Chief Operating Officer NA
Mr. Nicholas Anderson MD, CEO & Director NA
Mr. Travis Vernon Geology Manager NA
Mr. Graeme Sloan Executive Chairman NA
Mr. Dean Vallve Chief Operating Officer NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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