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Global Gold Mining Stock GGM.AX

Global Gold Mining Limited · IR documents · Reporting currency AUD · Half-year reporting · Figures as of H2 FY2026 (Jan to Jun 2026) · updated 2026-10-18 · ISIN AU000000GGM2

Global Gold Mining Limited is a mineral exploration and development company focused primarily on the Sturec Gold Project located in Slovakia, for which it holds a Mining Activity Permit valid through 31 December 2034. Global Gold Mining stock (GGM.AX): Half-year and annual results since 2023 from Half-Year Report and IR documents: revenue, earnings, balance sheet, cash flow and management guidance, every figure with its source. As of 09/2026, half-year reporting. Stock analysis by NadirAlpha. Global Gold Mining stock (GGM.AX): listed on ASX. NadirAlpha has evaluated 10 original documents, cross-checked every figure automatically and linked each to its source; sources as of 09/2026. Latest reading: Strategic pivot.

strategy: Strategic pivot

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Global Gold Mining Current Status

Where Global Gold Mining stands after the report for H2 FY2026: what changed in revenue, earnings and outlook, written editorially from the original report. NadirAlpha methodology

Assessment by NadirAlpha, as of H2 FY2026 (Jan to Jun 2026).

Global Gold Mining Limited (formerly MetalsTech Limited) recorded a net loss of 2.7 million for the year ended 30 June 2026 and held cash of 7.7 million at period end. 10 During the year, the company raised $11,358,250 through share placements at prices ranging from $0.15 to $0.205 per share. 10 Subsequent to year end, the company rebranded from MetalsTech Limited to Global Gold Mining Limited, with its ASX code changing from MTC to GGM effective 7 August 2026, reflecting a broadened gold-focused growth strategy. 10 The Sturec Gold Project Updated Scoping Study returned a pre-tax NPV8% of US$768 million and an IRR of 162%, providing the technical basis for the planned Pre-Feasibility Study. 10
EPS · 2026-H1-0.33A$+48.4 % vs. 2025-H1
Profitability
Global Gold Mining recorded a net loss of 2.7 million for FY2026, compared with a net loss of 2.5 million in the prior year, with the difference reflecting ongoing exploration and development expenditure in the absence of revenue from operations. 10 As a pre-revenue exploration entity, the company generated no operating income or EBITDA during the period; all outlays were directed toward advancing the Sturec Gold Project and corporate administration. 10
Leverage
At 30 June 2026, the company held cash of 7.7 million, up from 1.6 million at the prior year end, with the increase driven by equity capital raised during the period. 10 All interest-bearing and related party debt was settled by year end, leaving the company in a net cash position with no material liabilities outstanding. 10 Management assessed the company as able to continue as a going concern, with the cash balance expected to support more than 12 months of operations at current expenditure rates. 10
Management view
The Pre-Feasibility Study for the Sturec Gold Project is advancing with Mining One Pty Ltd as study manager, with technical and environmental workstreams progressing on schedule, and Definitive Feasibility Study and Environmental Impact Assessment phases planned as successive milestones. 10 A new 10-hole drilling campaign has commenced at Sturec, designed to test metallurgical recoveries and provide hydrogeological and geotechnical assessment data in support of further study phases. 10 The board was strengthened with the appointments of Executive Chairman Trevor Benson and Executive Director Zilong Dai, bringing over 30 years of combined resources and finance sector experience to guide the project's development program. 10
Change
All redeemable notes of $1,230,000 carrying 3% per month interest were repaid in full on 15 July 2025, removing this obligation early in the FY2026 period. 10 An unsecured loan of $700,000 from Minerva Investment Company Ltd and a related party loan of $300,000 were also settled during the year through a combination of share issuance and cash, completing the company's debt clearance. 10 Exploration and evaluation expenditure capitalised on the balance sheet rose to $9,890,452 at 30 June 2026 from $9,379,043 in the prior year as project development activities continued. 10
Risks (current)
Global Gold Mining carries unrecognised deferred tax assets of $1,894,127 arising from accumulated losses and timing differences, with utilisation contingent on future taxable income and continued compliance with applicable legislation. 10 The company requires additional capital to fund operations until its assets generate positive cash flows, and even if a viable deposit is identified, there is no guarantee it can be economically exploited. 10 Operations are subject to environmental laws and regulations expected to have an impact on the company's activities, and the ability to attract and retain key personnel at competitive compensation levels is identified as material to the company's future prospects. 10
New this reporting period
On 7 August 2026, performance rights and share options were issued to directors as part of remuneration arrangements associated with board appointments made at that time. 10 A dispute with the vendor of the Sauvolles Lithium Project in Canada was resolved by deed on 26 August 2026, with no monies payable by the company, removing a previously disclosed contingency. 10 Brett Dickson was appointed as Non-Executive Director on 8 September 2026. 10

Global Gold Mining Stock: Key Figures (A$ million)

NadirAlpha shows fiscal years, half-years and quarters of Global Gold Mining one below the other, most recently H2 FY2026; every figure is clickable and leads to raw value, location and source. NadirAlpha extracts all values automatically from the filings; errors are possible; please verify decision-relevant figures yourself by clicking through to the linked original. NadirAlpha methodology

All figures serve only to support your own investment decision and are not a recommendation; the company's original reports are authoritative.

Net income (A$ million) · annual basis, as reported
EPS (A$) · annual basis, as reported
Net income (A$ million) · half-year basis, as reported
EPS (A$) · half-year basis, as reported
Operating cash flow (A$ million) · half-year basis, as reported
Cash (A$ million) · annual basis, as reported
Cash (A$ million) · half-year basis, as reported
Debt (A$ million) · half-year basis, as reported
Shown: the most recent fiscal years. Full history since FY2022 is on record.

Fiscal years

Amounts in A$ million · EPS in A$ per share · as reported
Global Gold Mining stock: key figures on annual basis, FY2024 to FY2026, in A$ million. Compiled by NadirAlpha from IR documents.
PeriodCalendar quarterNet incomeEPS (A$)OCFSource
FY2026Q3/2025–Q2/2026-2.7-1.12–110
FY2025Q3/2024–Q2/2025-2.5-1.26-1.45
FY2024Q3/2023–Q2/2024-2.3-1.20-1.85

Half-years

Amounts in A$ million · EPS in A$ per share · as reported
Global Gold Mining stock: key figures on half-year basis, 2024-H1 to 2026-H1, in A$ million. Compiled by NadirAlpha from IR documents.
PeriodCalendar quarterPublishedNet incomeEPS (A$)FCFCashSource
2026-H1Q3–Q4/20252026-03-12–-0.33–0109
2025-H2*Q1–Q2/20252025-09-26-1.3––1.65
2025-H1Q3–Q4/20242025-03-14-1.3-0.64–0108
2024-H2*Q1–Q2/20242024-09-30-1–-0.80.64
2024-H1*Q3–Q4/20232024-03-15-1.3-0.68-2.10.67
* derived: values with formula provenance (hover); Q4 = FY − 9M · H2 = FY − H1 · EPS via implied shares · net debt = financial debt − cash · FCF = OCF − |capex|.

Global Gold Mining Balance Sheet & Cash Flow (A$ million)

Balance sheet and cash flow of Global Gold Mining up to H2 FY2026 in A$ million: net debt = financial debt minus cash, free cash flow = operating cash flow minus capex, every input sourced. NadirAlpha extracts all values automatically from the filings; errors are possible; please verify decision-relevant figures yourself by clicking through to the linked original. NadirAlpha methodology

Fiscal years

Amounts in A$ million · as reported
Global Gold Mining stock: balance sheet and cash flow on annual basis, FY2024 to FY2026, in A$ million. Compiled by NadirAlpha from IR documents.
PeriodCalendar quarterPublishedCashDebtOCFCapexFCFSource
FY2026Q3/2025–Q2/20262026-09-307.7––––110
FY2025Q3/2024–Q2/20252025-09-261.6–-1.41.3-2.75
FY2024Q3/2023–Q2/20242024-09-300.61.3-1.81-2.85

Half-years

Amounts in A$ million · as reported
Global Gold Mining stock: balance sheet and cash flow on half-year basis, 2024-H1 to 2026-H2, in A$ million. Compiled by NadirAlpha from IR documents.
PeriodCalendar quarterPublishedCashDebtOCFCapexFCFSource
2026-H2Q1–Q2/20262026-09-307.7––––110
2026-H1Q3–Q4/20252026-03-120–-0.5––109
2025-H2Q1–Q2/20252025-09-261.6–-0.9––5
2025-H1Q3–Q4/20242025-03-1402.2-0.6––108
2024-H2Q1–Q2/20242024-09-300.61.3-0.70-0.84
2024-H1Q3–Q4/20232024-03-150.61.6-11-2.17
Debt = long-term + current · Net debt = debt − cash · FCF = OCF − capex.

Global Gold Mining Stock: Price & Chart

Price history of Global Gold Mining stock (GGM.AX) as a TradingView chart, loaded only after a click, alongside the trend of the key figures from the tables. NadirAlpha methodology

Daily candles with news and earnings markers. Loads only on click.

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Global Gold Mining Event Timeline

This timeline collects the material events of Global Gold Mining from the original reports: guidance changes, revenue and margin signals, strategy shifts, product and M&A announcements, grouped by quarter. NadirAlpha methodology

Overview: one dot per event · click jumps to the period
earningsstrategyfinancials2024-Q12024-Q22024-H12025-Q12025-H12026-Q12026-Q42026-H1FY2026
2026 · 8 events

Strategic pivot 2026-09-30
Company rebranded to Global Gold Mining Limited from MetalsTech Limited with ASX code changing from MTC to GGM, reflecting a broadened global gold-focused growth strategy 10

Net debt to net cash ◦ 2026-03-12
Post-period capital raising of $9,358,250 at $0.205 per share completed, with additional $2 million debt converted to equity for Minerva Investment Company 9
Strategic pivot 2026-03-12
Updated Scoping Study for Sturec delivered pre-tax NPV8% of US$768 million and IRR of 162% for an underground-only mine with a 9-year life producing 1.139Moz AuEq 9
Strategic pivot 2026-03-12
Trevor Benson appointed Executive Chairman and Zilong Dai appointed Executive Director; Michael McKeown and Stuart Hutchin appointed as technical directors 9

Net income turned negative ◦ 2026-09-30
Net loss for FY2026 of 2.7 million compared to $2,512,183 in the prior year, reflecting continued exploration and development expenditure 10
Net debt to net cash ◦ 2026-09-30
Cash position of 7.7 million at 30 June 2026 supports more than 12 months of operations at current expenditure rates; all redeemable notes and unsecured loans fully repaid during the year 10

Net income turned negative ◦ 2025-09-26
Full-year net loss of AUD 2.5 million, higher than A$2,263,451 in the prior year 5
Net debt to net cash ◦ 2025-09-26
Redeemable notes repaid in full post year-end on 15 July 2025; placement of 13,333,334 shares at A$0.15 completed 11 July 2025, raising A$2 million 5
2025 · 5 events

Strategic pivot 2025-03-14
Updated Scoping Study announced with pre-tax NPV8% of US$768 million and IRR of 162.0%; Mining One Pty Ltd appointed as PFS Study Manager 8
Net cash to net debt ◦ 2025-03-14
Cash reduced to A$39,021 at period end, down from A$628,398 at 30 June 2024; material uncertainty regarding going concern status noted 8
Strategic pivot 2025-03-14
Mining activities commenced at main Andrej Adit for small-scale underground operations to de-risk the project and maintain Mining Licence validity 8

Net income turned positive ◦ 2024-09-30
Net loss of 2.3 million for FY2024, lower than the prior year loss 4
Strategic pivot 2024-09-30
Sauvolles Lithium Project acquisition agreement terminated 19 August 2024 and Trans Metal Fund LLP Sturec discussions terminated 30 August 2024; underground mining activity permit at Sturec extended for 10 years to 2034 4
2024 · 6 events

Divestiture 2024-03-15
Sturec Gold Mine classified as held for sale; non-binding offer for potential acquisition received from Trans Metal Fund LLP 7

Strategic pivot 2024-01-30
Sturec Scoping Study completed demonstrating pre-tax NPV8% of US$506 million and IRR of 116% for underground-only operation producing 1,134,000 oz AuEq over a nine-year mine life 1
Divestiture 2024-01-30
Minmetals Securities Co., Ltd appointed as strategic advisor to coordinate potential transaction discussions for 100%-owned Sturec Gold Mine 1

Acquisition 2023-10-30
Agreement signed to acquire 100% interest in Sauvolles Lithium Project, a district-scale hard-rock lithium exploration project covering approximately 300km2 in the James Bay Lithium District, Quebec 2
Net income turned negative ◦ 2023-09-21
Full-year net loss of 6.5 million for year ended 30 June 2023 3
Strategic pivot 2023-09-21
Updated JORC Resource Estimate for Sturec: 68.347 Mt at 1.22 g/t Au, 2.686 Moz gold, ~75% increase on prior estimate with ~60% in Measured and Indicated categories 3

Global Gold Mining Business Model

The Global Gold Mining business model in brief: products, customers and revenue sources as the company itself describes them in its reports. NadirAlpha methodology

Global Gold Mining Limited is a mineral exploration and development company focused primarily on the Sturec Gold Project located in Slovakia, for which it holds a Mining Activity Permit valid through 31 December 2034. Global Gold Mining is at a pre-revenue stage, advancing the project through technical studies and metallurgical test work toward a potential development and production decision. The company generates no revenue from operations and funds its activities through equity capital raises and shareholder loans. Cash outlays are directed toward exploration, feasibility study work, and corporate administration. The Updated Scoping Study, indicating a pre-tax NPV8% of US$768 million and an IRR of 162% over a 9-year mine life producing 1.139Moz AuEq, forms the current technical basis for project valuation, with the planned Pre-Feasibility Study representing the next formal development milestone.

Global Gold Mining Stock: Share-Price Drivers

The drivers of Global Gold Mining stock from the company's perspective: demand, prices, costs and capacity as the investor relations reports describe them. NadirAlpha methodology

Advancement of the Sturec Gold Project toward a Pre-Feasibility Study and eventual feasibility decision
Global Gold Mining is a pre-revenue gold developer whose value hinges on de-risking Sturec through study milestones; a Pre-Feasibility Study and metallurgical test work are planned as the next development steps 9 10
Pre-Feasibility Study (PFS) completion for the Sturec Gold Project
PFS is listed as a planned milestone still to be delivered, alongside a Definitive Feasibility Study and Environmental Impact Assessment 9 10
Metallurgical test work program
A metallurgical test work program and its completion are planned as part of advancing the Sturec project 9 10
Mineral Resource base at Sturec
Resource milestones at Sturec, including JORC Mineral Resource estimate updates and performance-rights ounce targets, underpin the project 3 6
Financing and capital structure
Funding has relied on a capital raising of $9,358,250, a debt conversion agreement with Minerva for $2 million and strategic placements, reflecting an exploration-stage dependence on external capital 9 5
Earnings/cash generation
Global Gold Mining remains loss-making at the development stage with no product revenue reported 9

Sector trend: As a pre-revenue gold developer, the company reports no operating margin, utilisation or demand KPIs; the relevant trend is project de-risking through study and resource milestones rather than financial throughput, with momentum slowing as development steps remain at the planning stage 9 10

Global Gold Mining Products & announcements (6/15 active+recent)

What Global Gold Mining launched, had approved or announced, from the filings up to H2 FY2026, each row with the date of first mention. NadirAlpha methodology

Status: PlannedLaunched

Global Gold Mining: product announcements from the filings, 15 entries. Compiled by NadirAlpha from IR documents.
Product/LineSinceStatusSource
2026
Pre-Feasibility Study (PFS) completion2026-069
Metallurgical test work program (2×)2026-0610
debt conversion agreement with Minerva Investment Company Limited for $2 million2026-029
capital raising of $9,358,2502026-019
Environmental Impact Assessment for Sturec Gold Project202610
2023
Updated Sturec Scoping Study (5×)2023-1110
2024
mining activities commencement at Sturec Gold Mine2024-128
share placement2024-064
underground mining license extension20244
2023
Sauvolles Lithium Project field exploration program (2x)2023-091
Sturec Gold Project Mineral Resource Estimate Update2023-063
Sturec Gold Mine - Class 5 Performance Rights Milestone: 2,500,000 ounces JORC Mineral Resource (4×)2 years from issue6
2022
Surface diamond drilling program at Sturec Gold Mine (3×)2022-123
Sturec Gold Mine - Class 3 Performance Rights Milestone: Revised Scoping Study2022-103
Undated
Performance Rights Class 6 - Pre-Feasibility Study completion with AUD 100 million+ pre-tax NPV3 years from issue6

Global Gold Mining Transactions & Events (12)

All recorded acquisitions, divestitures and exits of Global Gold Mining, plus partnerships, contracts and regulatory events affecting the business, each with date and source. NadirAlpha methodology

Acquisitions · 8Partnerships/contracts · 1Divestitures/exits · 1older: 2 (in the table)
202420252026

Acquisitions by Global Gold Mining

Global Gold Mining: Acquisitions, 10 entries. Compiled by NadirAlpha from IR documents.
Transaction / stakeDateTypeSource
2026
Share Options Issuance to Directors2026-08Completed10
Performance Rights Grant to Directors2026-08Completed10
2024
Trans Metal Fund LLP transaction discussion (2x)2024-08Completed4
Sauvolles Lithium Project Acquisition (3×)2024-08Completed4
Strategic transaction discussions for Sturec Gold Mine2024-06Completed1
strategic placement - Tranche 2 (2x)2024Completed5
PFS and working capital facility (2x)2024Completed8
2023
Redeemable Notes Issue (3×)2023-06Completed5
2022
Chijin International (HK) Limited (Chifeng) Placement (2×)2022-12Completed3
2019
Slovakian Gold Project acquisition agreement2019-11Announced4

Divestitures and exits by Global Gold Mining

Global Gold Mining: Divestitures / exits, 1 entries. Compiled by NadirAlpha from IR documents.
Transaction / stakeDateTypeSource
2023
Sturec Gold Project Sale Process2023-12Divested7

Partnerships and contracts of Global Gold Mining

Global Gold Mining: Partnerships & contracts, 1 entries. Compiled by NadirAlpha from IR documents.
Transaction / stakeDateTypeSource
2024
redeemable note agreement variation2024-09Agreement4

Global Gold Mining Risks (15 since the annual report of 2026-09-30, 46 tracked in total)

NadirAlpha lists 15 active risks of Global Gold Mining from the filings, the category as a coloured dot with legend, the wording as a short summary of the filing with no assessment of our own. NadirAlpha methodology

Category: FinancialRegulatoryLegalPeopleCompetitionMacro

Global Gold Mining: risk factors as reported, 15 since the last annual report, 46 tracked. Compiled by NadirAlpha from IR documents.
RiskCategoryLast reported
Global Gold Mining: first mention in IR-Annual annual report of 2023-09-21 (FY2023), source 3
Company requires additional capital to fund operations until assets produce positive cash flowsFY2026
2026-09-30 10
Global Gold Mining: first mention in IR-Annual annual report of 2026-09-30 (FY2026), source 10
Significant related party transactions including consulting fees and loan arrangements with related entities; all settled during year.=
Unrecognised deferred tax assets of $1,894,127 arising from losses and timing differences; utilisation depends on future taxable income and legislative compliance.=
Determination of tax residency involves judgement with multiple interpretations; consolidated entity applied current legislation and independent tax adviser guidance.=
Global Gold Mining: first mention in IR-Half half-year report of 2026-03-12 (2026-H1), source 9
Vendor disputing cancellation of Sauvolles Lithium Project acquisition agreement; settled 26 August 2026 with no liability.FY2026
2026-09-30 10
Global Gold Mining: first mention in IR-Annual annual report of 2025-09-26 (FY2025), source 5
Exploration and evaluation assets of $9.89 million represent significant portion of total assets; subject to impairment testing under AASB 6.FY2026
2026-09-30 10
Sauvolles Lithium Project acquisition agreement disputed; vendor taking legal action=
Global Gold Mining: first mention in IR-Half half-year report of 2025-03-14 (2025-H1), source 8
Vendor of cancelled Sauvolles Lithium Project disputing cancellation and pursuing legal action; company defending.=
Global Gold Mining: first mention in IR-Annual annual report of 2024-09-30 (FY2024), source 4
Project overlaps certain third party interests that may limit Company's ability to conduct exploration and mining activitiesFY2026
2026-09-30 10
Global Gold Mining: first mention in IR-Annual annual report of 2023-09-21 (FY2023), source 3
Company's future depends on ability to attract and retain key personnel at competitive compensation levelsFY2026
2026-09-30 10
Operations subject to environmental laws and regulations; activities expected to have environmental impactFY2026
2026-09-30 10
Even if viable deposit identified, no guarantee it can be economically exploitedFY2026
2026-09-30 10
General economic conditions, tax reform, legislation, interest and inflation rates may adversely affect the CompanyFY2026
2026-09-30 10
Climate change may cause unpredictable physical and environmental risks including extreme weather eventsFY2026
2026-09-30 10
Global Gold Mining: first mention in IR-Half half-year report of 2023-03-16 (2023-H1), source 6
Company continues as going concern; management satisfied about financial ability to pay debts as they fall due.FY2026
2026-09-30 10
= last mention identical with the first mention (same source)

Global Gold Mining Reported KPIs (as disclosed) (90)

The story KPIs of Global Gold Mining that standard databases usually miss, grouped by publication, most recent first, with source number. NadirAlpha methodology

Company-specific KPIs verbatim from the filings (English, as disclosed; not normalised). Balance-sheet and boilerplate items filtered.
Global Gold Mining: reported KPIs as disclosed, 90 entries. Compiled by NadirAlpha from IR documents.
KPIValue / changeSource
Global Gold Mining, published 2026-09-30, period FY2026
total gold resource2,686 koz10
silver resource total22,210 koz10
scoping study NPVUS$768 million10
scoping study IRR162%10
Net assets17,047,572 (AUD dollars)10
gold resource measured & indicated1,649 koz10
gold resource inferred846 koz10
cash runway>12 months10
Global Gold Mining, published 2025-09-26, period FY2025
Weighted average number of ordinary shares (prior year)189,055,7045
Weighted average number of ordinary shares198,975,6645
Total undiscounted free cash flowsUS$910M (A$1,427M)5
Total LoM production tonnage17.6Mt @ 2.12 g/t AuEq5
Total LoM production1.139Moz AuEq5
Total LoM capital investmentUS$95.41M5
Silver contained22.210 Moz5
Pre-tax NPV8%US$768 million / A$1,205 million5
Pre-tax IRR162.0%5
Pre-production capitalUS$75.8M5
Plant production capacity2.3Mtpa5
Mining recovery95%5
Mining licence area9.47 sq km5
Mine life9 years5
Life of Mine operating cost estimateUS$1,107/oz AuEq5
JORC Measured, Indicated and Inferred Resource~2.7 million ounces of gold5
Gold equivalent contained2.868 Moz5
Gold contained2.686 Moz5
Exploration target37.9Mt to 58.2Mt at average grade of 1.79g/t AuEq to 2.75g/t AuEq for total ounces of between 2.18 Moz AuEq and 5.15 Moz AuEq5
Au recovery91%5
Ag recovery88%5
Global Gold Mining, published 2025-03-14, period 2025-H1
Net assets5,778,5978
Capitalised exploration and evaluation8,684,4288
Global Gold Mining, published 2024-09-30, period FY2024
Total liabilities2,330,8354
Total assets8,841,0214
Shares issued195,920,5574
Net assets6,510,1864
Global Gold Mining, published 2024-03-15, period 2024-H1
Withholding tax expense-550,0007
Travelling expenses-6,6837
Total non-current assets2,3247
Total liabilities2,883,6117
Total equity6,215,2327
Total current liabilities2,883,6117
Total current assets9,096,5197
Total assets9,098,8437
Sturec total undiscounted cashflowsUS$706.21M (A$1,103.45M)7
Sturec total LoM production1.134Moz AuEq7
Sturec silver contained22.210 Moz7
Sturec pre-production capitalUS$75.8M7
Sturec mine life9 years7
Sturec JORC Mineral Resource Total68.347Mt @ 1.22g/t Au and 10.11g/t Ag7
Sturec Gold Mine Pre-Tax NPV 8%US$506 million / A$791 million7
Sturec Gold Mine Pre-Tax IRR116.0%7
Sturec Gold Mine After-Tax NPV 8% ConservativeUS$239M (A$376M)7
Sturec Gold Contained2.686 Moz7
Sturec Capital InvestmentUS$95.41M7
Sturec AISCUS$927/oz AuEq7
Share-Based Payments-134,8507
Share Capital21,646,9477
Sauvolles Project Area~300km27
Sauvolles Mineral Claims5587
Reserves1,851,3227
Property, Plant and Equipment2,3247
Occupancy Costs-30,5877
Net Assets6,215,2327
Liabilities Classified as Held for Sale50,8217
Legal Expenses-13,4747
Interest Income2,5337
Exploration Expenses-170,0007
Exploration Target Ounces Low2.18 Moz AuEq7
Exploration Target Ounces High5.15 Moz AuEq7
Exploration Target Low37.9Mt7
Exploration Target High58.2Mt7
Exploration Target AuEq Low1.79g/t AuEq7
Exploration Target AuEq High2.75g/t AuEq7
Employment costs-100,3357
Directors fees412,9107
Deferred tax liability145,5907
Corporate compliance-76,1287
Consulting and advisory fees-25,0007
Capitalised exploration and evaluation07
Audit fees-21,0607
Assets classified as held for sale8,186,1317
Advertising and marketing-150,2957
Administration expenses-147,4067
Adina Lithium Project Intersection107.6m @ 1.34% Li2O7
Accumulated losses-17,283,0377
Global Gold Mining, published 2023-10-30, period 2024-Q1
Sturec Gold Mineral Resource Estimate68.347Mt @ 1.22g/t Au and 10.11g/t Ag (1.31g/t AuEq)2
Sturec Gold Contained Silver22.210 Moz2
Sturec Gold Contained Gold Equivalent2.868 Moz2
Sturec Gold Contained Gold2.686 Moz2
Sauvolles Lithium Project Area300km22

Global Gold Mining Development

The business development of Global Gold Mining period by period up to H2 FY2026, each text from the original report of that period, source numbers lead to the source. NadirAlpha methodology

FY2026: Global Gold Mining

Global Gold Mining Limited (formerly MetalsTech Limited) reported a net loss of 2.7 million for the year ended 30 June 2026, slightly higher than the prior-year loss of $2,512,183, as the company continued exploration and development activities centred on its Sturec Gold Project in Slovakia 10. Cash improved to 7.7 million at year end, supported by capital raisings totalling $11,358,250 through share placements during the year and the full repayment of all outstanding debt obligations 10. Global Gold Mining completed a corporate rebrand from MetalsTech Limited to Global Gold Mining Limited with a new ASX code GGM, reflecting a broadened gold-focused growth strategy 10. At Sturec, the Updated Scoping Study confirmed a pre-tax NPV8% of US$768 million and IRR of 162% for an underground-only mine development, underpinned by a JORC resource of 68.347 million tonnes at 1.22 g/t Au containing 2.686 million ounces of gold 10. A new drilling campaign and pre-feasibility study workstreams advanced on schedule during the year, with Mining One Pty Ltd managing the technical and environmental programmes 10.

FY2025: Global Gold Mining

Global Gold Mining Limited recorded a net loss of AUD 2.5 million for FY2025, higher than A$2,263,451 in the prior year, with no operating revenue as the company remained at the development stage 5. The Sturec Gold Project in Slovakia advanced materially during the year: underground mining commenced on 1 December 2024 from the main Andrej Adit for small-scale operations to de-risk the project and maintain the Mining Licence, and an updated Scoping Study demonstrated a pre-tax NPV8% of US$768 million and IRR of 162.0% for an underground-only operation 5. Mining One Pty Ltd was engaged as PFS Study Manager, with the Pre-Feasibility Study on the AUD 2.7 million Moz project on track for completion in Q4 2025 5. Operating cash outflow was AUD 1.4 million, capital expenditure was AUD 1.3 million, and cash at 30 June 2025 stood at AUD 1.6 million, with liquidity supported by strategic placements raising A$3.3 million in total and a working capital facility of up to A$5 million 5.

FY2024: Global Gold Mining

Global Gold Mining Limited (formerly MetalsTech Limited) conducted no material production activity during FY2024, focusing on exploration and strategic corporate development across its Sturec Gold Mine in Slovakia and Sauvolles Lithium Project in Quebec. A Scoping Study for Sturec was completed demonstrating a pre-tax NPV8% of US$506 million and IRR of 116% for an underground-only mining operation over a nine-year mine life, and the asset was classified as held for sale with Minmetals Securities appointed as strategic advisor to coordinate potential transaction discussions 4. Discussions with Trans Metal Fund LLP regarding a potential Sturec acquisition, and the agreement to acquire the Sauvolles Lithium Project, were both terminated in August 2024 4. The group reported a net loss of 2.3 million for FY2024, lower than the prior year 4, with free cash flow of 2.8 million 110 and closing cash of 0.6 million 4.

FY2023: Global Gold Mining

Global Gold Mining Limited (operating as MetalsTech) is a pre-revenue mineral explorer focused on the Sturec Gold Project in Slovakia, recording no operating revenue for the year ended 30 June 2023 (3). The group posted a net loss of 6.5 million, with operating cash outflows of 2.4 million and a year-end cash balance of 0.8 million (3). The year's principal development was the delivery of an updated JORC (2012) Mineral Resource Estimate for Sturec of 68.347 Mt at 1.22 g/t Au, containing 2.686 Moz of gold, approximately 75% higher than the prior estimate, with approximately 60% in Measured and Indicated categories (3). A Scoping Study for Sturec returned a pre-tax NPV8 of A$846 million and pre-tax IRR of 102.5%, and a $3 million placement to Chijin International (Chifeng) established that company as a ~9% shareholder in MetalsTech (3, 6). Exploration and evaluation expenditure grew to $7,244,999, and the group raised $1,050,000 via Redeemable Notes subsequent to year-end to support ongoing operations (3).

Glossary

  • Net income: Net income attributable to the shareholders of the parent, after discontinued operations; not the result including minority interests, not comprehensive income.
  • EPS: Diluted earnings per share attributable to the shareholders of the parent; a printed figure always beats a calculated one, calculated values are marked.
  • FCF: Free cash flow = operating cash flow minus capital expenditure on property, plant and equipment; the company's own free cash flow figure is shown separately.
  • OCF: Cash flow from operating activities as reported; IFRS companies may show interest paid in financing cash flow, so the figure is not always comparable.
  • Cash: Cash and cash equivalents, without securities unless the company reports them as part of the position.
  • *: derived, the formula is in the hover
  • ≈: calculated, approximation
  • ~: uncertain; the value stays visible, verdicts do not use it
  • °: repaired by a targeted query against the document, or curated with documentary evidence
  • EBIT: EBIT as a fallback: the income statement carries no operating line
  • basic: basic earnings per share as a fallback when diluted is missing

Sources: quarterly reports, annual reports and investor relations documents

The evidence base for Global Gold Mining stock: every document with type and date, every figure in the report leads here by number and to the original by link. NadirAlpha methodology

10 documents · 2023 to 2026 · IR
Sources for Global Gold Mining stock: 10 original documents, 2023 to 2026. Compiled by NadirAlpha.
#Document typePublished
#6 / #106IR-Half half-year report2023-03-16
#3 / #103IR-Annual annual report2023-09-21
#2IR-Quarter quarterly report2023-10-30
#1IR-Quarter quarterly report2024-01-30
#7 / #107IR-Half half-year report2024-03-15
#4 / #104IR-Annual annual report2024-09-30
#8 / #108IR-Half half-year report2025-03-14
#5 / #105IR-Annual annual report2025-09-26
#9 / #109IR-Half half-year report2026-03-12
#10 / #110IR-Annual annual report2026-09-30

Global Gold Mining Stock FAQ

Where can I find the official investor relations documents of Global Gold Mining?

NadirAlpha links all 10 original filings used (IR documents) in the sources chapter: annual report, half-year report, quarterly report, each with type, publication date and a direct link; every figure in the report carries a source number.

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