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Galileo Mining Ltd.
(Sydney:GAL)
Galileo Mining Ltd. (GAL) vs. S&P 500 (SPY)
Galileo Mining Ltd. Business Overview & Revenue Model
Galileo Mining Ltd. Financial Statement Overview
| Breakdown | ||||
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 5.00M | 0.00 | 3.17K | 68.50K | 55.02K | Gross Profit |
| 5.00M | -68.21K | -67.04K | -16.63K | -37.85K | EBIT |
| 2.88M | -2.10M | -1.21M | -719.73K | -1.24M | EBITDA |
| 3.46M | -1.46M | -1.12M | -603.11K | -819.69K | Net Income Common Stockholders |
| 3.37M | -1.53M | -1.19M | -688.24K | -912.56K |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 13.62M | 14.46M | 7.02M | 5.40M | 8.70M | Total Assets |
| 48.27M | 44.71M | 25.01M | 19.51M | 20.34M | Total Debt |
| 0.00 | 55.05K | 111.76K | 59.32K | 83.19K | Net Debt |
| -13.62M | -14.40M | -6.91M | -5.34M | -4.11M | Total Liabilities |
| 871.22K | 1.44M | 655.49K | 267.86K | 396.45K | Stockholders Equity |
| 47.40M | 43.28M | 24.35M | 19.24M | 19.94M |
| Cash Flow | Free Cash Flow | |||
| -6.00M | -12.05M | -4.46M | -3.22M | -3.08M | Operating Cash Flow |
| -23.66K | -1.07M | -1.04M | -554.61K | -3.07M | Investing Cash Flow |
| -760.19K | -11.18M | -3.42M | 1.84M | -511.73K | Financing Cash Flow |
| -55.05K | 19.68M | 6.08M | -81.76K | 4.70M |
Galileo Mining Ltd. Technical Analysis
Galileo Mining Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | AU$21.74M | 6.25 | 7.75% | ― | ― | ― | |
58 Neutral | $2.59B | 1,418.92 | -36.53% | 10.51% | -28.50% | -532.61% | |
49 Neutral | AU$2.13B | 17.84 | -7.32% | 8.16% | -6.64% | -209.78% | |
49 Neutral | $1.92B | -1.52 | -22.04% | 3.84% | 0.67% | -27.41% | |
45 Neutral | $87.86M | ― | -15.37% | ― | ― | -34.41% |
Galileo Mining Ltd. Corporate Events
Galileo Mining Ltd reported its quarterly cash flow statement for the period ending March 31, 2025. The company experienced a net cash outflow from investing activities, primarily due to expenditures on exploration and evaluation, amounting to $595,000 for the quarter. Despite a small net cash inflow from operating activities, the overall cash position decreased, reflecting ongoing investment in its exploration projects. This financial update underscores Galileo Mining’s commitment to advancing its exploration efforts, which are crucial for its long-term growth and competitiveness in the mining sector.
Galileo Mining Ltd. reported a productive quarter with significant exploration activities at its Norseman and Fraser Range projects. At Norseman, the company conducted an aircore drill program that revealed promising platinum group elements, including palladium and platinum, suggesting potential mineralization extensions. Meanwhile, at Fraser Range, four new sulphide targets were identified for drilling, marking a strategic expansion of exploration efforts. These developments underscore Galileo’s commitment to advancing its projects and enhancing its resource base, potentially impacting its market position and stakeholder interests.
Galileo Mining Ltd has announced promising assay results from recent aircore drilling at its Norseman project in Western Australia, particularly at the Mission Sill prospect. The results have extended the anomalous target zone over a 6km strike, indicating potential for a primary sulphide source at shallow depths. The company plans further drilling to explore the full 12km length of the prospect and is preparing for multiple drill campaigns at both the Norseman and Fraser Range projects, aiming to enhance its understanding of the mineralization and identify peak anomalies.
Galileo Mining Ltd has announced promising assay results from recent aircore drilling at its Norseman project, highlighting developing prospects at the Mission Sill prospect. The results indicate significant potential for palladium and platinum mineralization, particularly along the eastern and western contact zones. With additional assay results pending, the company plans further drilling programs to explore these promising areas, potentially enhancing its resource base and industry positioning.
Galileo Mining Ltd. has released its financial report for the half-year ended December 31, 2024, detailing its financial performance and position. The report includes comprehensive income, financial position, changes in equity, and cash flows, providing stakeholders with insights into the company’s financial health and operational efficiency.
Galileo Mining Ltd has commenced a new drill program at its Norseman Project in Western Australia, targeting palladium, platinum, and nickel at the Mission Sill prospect. The program aims to follow up on promising assay results and explore the potential for high-value mineral discoveries in a region with minimal prior exploration, enhancing the company’s prospects in an active mining district.
Galileo Mining Ltd has announced promising new assay results from its Norseman project, confirming significant zones of palladium and platinum group elements. The recent assays have bolstered confidence in the Mission Sill prospect’s potential, with further drilling planned to explore the 12km prospective trend, potentially impacting the company’s exploration strategy and stakeholder interests.
Galileo Mining Ltd reported a decrease in cash and cash equivalents for the quarter ending December 31, 2024. The company’s cash flow was impacted by expenditures in exploration and evaluation activities, along with administrative and corporate costs, which exceeded the cash inflows from interest received and minimal other activities. This financial update may influence stakeholders’ perceptions of the company’s ongoing exploration projects and its financial strategy moving forward.
Galileo Mining announced the completion of 5,300 meters of aircore drilling at its Mission Sill prospect, revealing significant zones of platinum group elements mineralization. The company remains well-funded with $11.3 million in cash and is planning further exploration in 2025. These developments underscore the potential of the Norseman project and further drilling is planned for both the Norseman and Fraser Range projects, enhancing Galileo’s strategic position in the resource exploration market.
Galileo Mining Ltd has identified four new sulphide targets for drilling at its Fraser Range Project following a review of electro-magnetic survey data. The drill testing is scheduled for the second quarter of 2025, aiming to explore new prospects in an underdeveloped mineral province. Concurrently, the Norseman Project is on track, with drilling anticipated to start in late February, alongside the return of drill assays, enhancing the company’s exploration efforts.