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Black Horse Mining Limited explores and evaluates mineral resources, and focuses on gold exploration activities in Australia. The company's principal business activity involves undertaking exploration and evaluation at the Mount Egerton Gold Project, located in Central Victoria, Australia. Black Horse Mining Limited was incorporated in 2024 and is based in Ballarat, Australia.
Source: TradingView
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Public information on Blackhorse FPO (ASX: BHL) is limited, with few comprehensive disclosures available and no clearly documented core business visible in widely accessible filings. Any long-term upside may depend on the execution of unspecified growth plans, potential asset or portfolio development, or sector tailwinds if applicable, but these drivers are not confirmed by readily available public sources.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 |
| Income before tax | -6.10M | 2.74M | 2.46M | 4.81M | -5.20M |
| Minority interest | 0.23M | - | - | - | - |
| Net income | -5.87M | 1.93M | 1.69M | 3.23M | -4.90M |
| Selling general administrative | 4.86M | 11.13M | 9.04M | 5.68M | 10.49M |
| Gross profit | - | 14.28M | 18.72M | 23.54M | 6.25M |
| Reconciled depreciation | 0.06M | - | - | - | - |
| Ebit | - | -7.53M | 5.08M | 12.22M | -4.46M |
| Ebitda | - | -7.45M | 5.74M | 8.53M | 1.88M |
| Depreciation and amortization | - | 0.08M | 0.67M | -3.69M | 6.34M |
| Operating income | -6.14M | -7.53M | 5.08M | 12.22M | -4.46M |
| Other operating expenses | - | 14.02M | 16.41M | 33.94M | 11.47M |
| Interest expense | 0.01M | 0.09M | 3.25M | 3.59M | 0.91M |
| Tax provision | 0.00M | - | - | - | - |
| Interest income | 0.03M | - | - | - | - |
| Net interest income | 0.02M | - | - | - | - |
| Income tax expense | - | 0.81M | 0.78M | 1.58M | -0.30M |
| Total revenue | - | 14.69M | 21.48M | 46.16M | 7.01M |
| Total operating expenses | - | 13.61M | 13.65M | 11.32M | 10.72M |
| Cost of revenue | - | 0.41M | 2.76M | 22.62M | 0.76M |
| Total other income expense net | 0.02M | 10.27M | -2.61M | -7.41M | -0.74M |
| Net income from continuing ops | -6.10M | - | - | - | - |
| Breakdown | 2025-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 |
| Total assets | 8.21M | 60.06M | 106.10M | 123.94M | 126.67M |
| Intangible assets | - | 0.52M | 0.52M | 0.60M | 5.40M |
| Other current assets | 0.03M | 0.30M | 0.35M | 1.90M | 0.14M |
| Total liab | 0.37M | 9.47M | 46.71M | 66.96M | 73.26M |
| Total stockholder equity | 8.09M | 50.26M | 58.95M | 56.50M | 52.97M |
| Other current liab | - | 8.43M | 5.68M | 12.40M | 2.78M |
| Common stock | - | 17.61M | 17.61M | 17.61M | 17.61M |
| Capital stock | 8.40M | - | - | - | - |
| Retained earnings | -6.02M | 6.82M | 14.68M | 12.97M | 9.34M |
| Good will | - | - | 3.74M | 3.79M | 5.23M |
| Cash | 5.23M | 0.24M | 1.52M | 3.38M | 1.55M |
| Total current liabilities | 0.34M | 9.47M | 10.82M | 33.26M | 26.14M |
| Net debt | - | -0.24M | 38.08M | 49.59M | 66.72M |
| Short term debt | - | - | 3.71M | 19.27M | 21.82M |
| Short long term debt total | - | - | 39.60M | 52.97M | 68.27M |
| Total current assets | 5.32M | 24.53M | 10.03M | 32.44M | 25.22M |
| Short term investments | - | 8.95M | - | - | - |
| Net receivables | - | 12.21M | 2.67M | 20.55M | 12.38M |
| Inventory | - | 2.83M | 5.48M | 6.62M | 11.14M |
| Accounts payable | 0.16M | 1.04M | 1.43M | 1.60M | 1.54M |
| Accumulated other comprehensive income | - | 25.83M | 26.66M | 25.92M | 26.01M |
| Non currrent assets other | - | 33.09M | 81.93M | 77.26M | 70.86M |
| Non current assets total | 2.90M | 35.53M | 96.08M | 91.50M | 101.45M |
| Capital lease obligations | 0.09M | - | - | - | - |
| Breakdown | 2025-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 |
| Total cashflows from investing activities | - | 53.52M | -3.18M | 22.61M | -76.22M |
| Net borrowings | -0.11M | - | - | - | - |
| Total cash from financing activities | 7.23M | -39.60M | -13.46M | -16.54M | 85.48M |
| Net income | -5.87M | -8.43M | 1.72M | 3.36M | 1.27M |
| Change in cash | 5.23M | -1.28M | -1.86M | 1.82M | -7.33M |
| Begin period cash flow | 0.00M | 1.52M | 3.38M | 1.55M | 8.88M |
| End period cash flow | 5.23M | 0.24M | 1.52M | 3.38M | 1.55M |
| Issuance of capital stock | 8.00M | - | - | - | - |
| Other cashflows from investing activities | - | -0.01M | - | - | 8.22M |
| Sale purchase of stock | -0.63M | - | - | - | 25.41M |
| Other cashflows from financing activities | - | -39.60M | -13.46M | -16.54M | 85.48M |
| Capital expenditures | 0.14M | 0.06M | 0.18M | 0.26M | 0.08M |
| Other non cash items | - | 8.43M | -1.72M | -3.36M | -1.27M |
| Free cash flow | -1.92M | -0.06M | -0.18M | -0.26M | -0.08M |
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)
|
|---|---|---|---|---|---|---|
| BHL BLACKHORSE FPO [BHL] |
-0.01 7.69% |
0.18 | - | - | 237.70 | 1.36 |
| NEM Newmont Corporation |
-4.95 2.80% |
171.70 | 12.09 | 10.42 | 6.66 | 3.15 |
| NST Northern Star Resources Ltd |
-0.60 2.24% |
26.13 | 22.36 | 18.80 | 4.85 | 2.15 |
| EVN Evolution Mining Ltd |
-0.59 4.21% |
13.41 | 18.16 | 13.61 | 4.88 | 4.07 |
| DPM Dpm Metals Inc. |
-2.48 4.45% |
53.25 | 12.00 | 9.34 | 9.29 | 2.70 |
Black Horse Mining Limited explores and evaluates mineral resources, and focuses on gold exploration activities in Australia. The company's principal business activity involves undertaking exploration and evaluation at the Mount Egerton Gold Project, located in Central Victoria, Australia. Black Horse Mining Limited was incorporated in 2024 and is based in Ballarat, Australia.
| Name | Title | Year Born |
|---|---|---|
| Mr. David John Frances B.Sc., BSc (Hons) | Managing Director & CEO | 1968 |
| Mr. Ian Hobson | Company Secretary | NA |
| Mr. David John Frances B.Sc., BSc (Hons) | MD, CEO & Director | 1968 |
| Ms. Amber Rayne Rivamonte B.Bus (Acc), C.P.A., M.A.I.C.D. | Chief Financial Officer | 1972 |
| Mr. Charles McHugh B.E., B.Sc. | Chief Mining Engineer & Executive Director | NA |
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