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Home CompaniesMidas Minerals Ltd

Midas Minerals Ltd

Basic Materials Other Precious Metals & Mining
PortfolioPortfolio WatchlistWatchlist
Company price
0.89 AUD -0.07 ( 6.81%)
Last update at 2026-11-12T05:10:00Z
VOLUME
240406
Market Cap
221.81M

Momentum Score

…

Midas Minerals Limited, a junior mineral exploration company, engages in the exploration for mineral resources in Western Australia, Namibia, and Canada. It explores for copper, silver, gold, lithium, nickel, and base metals, as well as platinum group elements. The company was formerly known as Cowan Lithium Limited and changed its name to Midas Minerals Limited in March 2021. Midas Minerals Limited was incorporated in 2018 and is based in West Perth, Australia.

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
0.89
Low
0.95
High
52 Week Price Range
0.35
Low
1.41
High

Momentum Score

…
Loading momentum score…

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

Midas Minerals Ltd is an Australian-listed minerals exploration and development company; public information on the company is limited. Its long-term growth may depend on exploration success and advancing projects toward production, together with supportive commodity prices and access to capital, which could support resource definition and development. Investors may find the company attractive for leveraged exposure to potential mineral discovery and project value creation.

Key risks include a high probability of exploration or development failure, ongoing financing requirements, commodity price volatility and regulatory or permitting delays.

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
0.95
Dividend Yield
-
Revenue TTM
0.02M
Revenue Per Share
-
Gross Profit TTM
0.02M
Debt / Equity
-
ROE
-19.50%
Net Debt
-8.78M
ROCE
-14.97%
Diluted EPS TTM
-0.03

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 -2.77M -3.86M -5.31M -1.75M -1.02M
Net income -2.77M -3.86M -5.31M -1.75M -1.02M
Selling general administrative - 0.54M 0.53M 1.03M 0.49M
Selling and marketing expenses - 1.23M 1.38M - -
Gross profit -0.07M -0.03M -0.03M - -
Reconciled depreciation - 0.03M 0.03M 0.02M -
Ebit -3.07M -3.86M -5.01M -1.77M -0.94M
Ebitda -3.00M -3.83M -1.90M -1.74M -1.02M
Depreciation and amortization 0.07M 0.03M 3.11M 0.02M -
Operating income -3.07M -1.80M -1.90M -1.77M -1.02M
Other operating expenses 3.07M 1.80M 1.90M 1.77M 1.02M
Interest expense - 0.02M 0.00M - 0.00M
Tax provision - 0.00M 0.00M 0.00M 0.00M
Interest income - 0.02M 0.04M 0.02M 0.00M
Net interest income - 0.02M 0.04M 0.02M 0.00M
Income tax expense - - -0.00M -0.02M -
Total revenue - 0.00M 0.00M 0.02M 0.00M
Total operating expenses 3.00M 1.77M 1.90M 1.77M 1.02M
Cost of revenue 0.07M 0.03M 0.03M - -
Total other income expense net 0.30M -2.06M -3.41M 0.00M 0.00M
Net income from continuing ops - -3.86M -5.31M -1.75M -1.02M
Net income applicable to common shares - -3.86M -5.31M -1.75M -1.02M
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 20.91M 5.43M 6.38M 7.66M 8.22M
Other current assets 0.20M - 0.14M - -
Total liab 0.38M 0.23M 0.26M 0.32M 0.17M
Total stockholder equity 20.54M 5.20M 6.12M 7.34M 8.05M
Other current liab 0.27M - 0.17M 0.18M 0.03M
Common stock 35.70M - 15.29M 11.30M 10.88M
Capital stock - 17.91M - 11.30M 10.88M
Retained earnings -16.55M -13.78M -10.05M -4.73M -2.99M
Cash 8.78M 1.12M 1.15M 2.50M 6.08M
Total current liabilities 0.38M 0.23M 0.26M 0.32M 0.17M
Net debt -8.78M - -1.15M -2.50M -6.08M
Short term debt - - - 0.00M 0.00M
Other stockholder equity - - - 0.00M 0.16M
Property plant equipment - - - 5.03M 1.97M
Total current assets 9.24M 1.21M 1.35M 2.63M 6.25M
Net tangible assets - - - - 8.05M
Net receivables 0.26M 0.02M 0.05M 0.06M 0.12M
Accounts payable 0.10M 0.09M 0.09M 0.14M 0.14M
Accumulated other comprehensive income 1.38M - 0.88M 0.77M 0.16M
Non currrent assets other 11.36M - 4.91M - -
Non current assets total 11.67M 4.22M 5.03M 5.03M 1.97M
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
Investments - -1.27M -2.55M -2.70M -1.74M
Change to liabilities - - - 0.00M -0.12M
Total cashflows from investing activities -7.82M -1.27M -2.55M -2.70M -1.74M
Total cash from financing activities 17.21M 2.48M 2.45M -0.07M 5.54M
Change to operating activities - - - - -0.05M
Net income -2.77M -3.86M -5.31M -1.75M -1.02M
Change in cash 7.73M -0.10M -1.35M -3.58M 2.66M
Begin period cash flow 1.05M 1.15M 2.50M 6.08M 3.42M
End period cash flow 8.78M 1.05M 1.15M 2.50M 6.08M
Total cash from operating activities -1.68M -1.31M -1.25M -0.81M -1.14M
Issuance of capital stock - 2.59M 2.58M - 6.00M
Depreciation 0.07M - 0.03M 0.23M 0.16M
Other cashflows from investing activities - -1.19M -2.01M - 0.00M
Change to account receivables -0.31M 0.04M 0.00M - -0.42M
Sale purchase of stock - -0.10M -0.13M -0.07M -0.46M
Other cashflows from financing activities - -0.10M -2.55M -2.70M -1.74M
Change to netincome - - - 0.51M 0.30M
Capital expenditures 0.26M 1.27M 2.55M 2.70M 1.74M
Change in working capital -0.16M -0.07M -0.13M -0.08M 0.00M
Stock based compensation - - 0.00M - -
Other non cash items 1.18M -1.25M 4.35M - -
Free cash flow -1.95M -2.58M -3.80M -2.70M -1.74M

Peer Comparison*

Sector: Basic Materials Industry: Other Precious Metals & Mining

Stock Name
Change
(AUD)
Price
(AUD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to EBITDA (x)
MM1
Midas Minerals Ltd		 -0.07
6.81%		 0.89 - - 2869.27 4.73 -8.00
MI6
Minerals 260 Ltd		 -0.07
8.52%		 0.81 20.50 - - 4.93 -0.63
ZIM
Zimplats Holdings Ltd		 -0.56
3.91%		 13.75 3.73 8.90 1.17 0.47 1.78
FRS
Forrestania Resources Ltd		 -0.03
7.25%		 0.32 - - 192.74 2.63 -2.61
A1M
Aic Mines Ltd		 -0.02
2.74%		 0.71 12.70 - 2.07 1.43 3.28

Profile*

Midas Minerals Ltd

Midas Minerals Limited, a junior mineral exploration company, engages in the exploration for mineral resources in Western Australia, Namibia, and Canada. It explores for copper, silver, gold, lithium, nickel, and base metals, as well as platinum group elements. The company was formerly known as Cowan Lithium Limited and changed its name to Midas Minerals Limited in March 2021. Midas Minerals Limited was incorporated in 2018 and is based in West Perth, Australia.

8 Richardson Street, West Perth, WA, Australia, 6005

61 8 6383 6595

https://www.midasminerals.com

Name Title Year Born
Mr. Mark Andrew Calderwood MAusIMM MD & Director 1967
Mr. Carl Travaglini C.A., C.S. Chief Financial Officer NA
Ms. Maddison Cramer Company Sec. NA
Mr. Carl Domenic Travaglini C.A., C.S. Chief Financial Officer NA
Ms. Maddison Cramer Company Secretary NA
Mr. Carl Domenic Travaglini C.A., C.S. Chief Financial Officer NA
Ms. Maddison Cramer Company Secretary NA
Mr. Carl Domenic Travaglini C.A., C.S. Chief Financial Officer NA
Ms. Maddison Cramer Company Secretary NA
Mr. Carl Domenic Travaglini C.A., C.S. Chief Financial 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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