Price, volume & events
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- Last 2026-11-06
- A$0.057
- 1D
- —
- 1M
- —
- YTD
- —
- 1Y
- —
- Fair value
- Locked: sign in to view
- Upside
- Locked: sign in to view
- Mkt cap
- A$619.3M
- EV
- A$400M
- Cash
- A$220.4M
- Debt
- A$64K
Investment view
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Sign in or enter a guest codeAnnouncements
Latest 12 of 5All sources ▸- September 2026 Quarterly Activities Report and Appendix 5BOperations
- 2026 Annual Report (transitional nine months to 30 June 2026)Results
- 2026 Annual Mineral Resource and Ore Reserve Statement (at 30 June 2026)Resource Update
- Crown Prince Maiden Ore Reserve and Feasibility Study (3 Feb 2025)Study
- Westgold Strategic Alliance and Placement (30 May 2024)Economic Arrangement
Event calendar · next 12 months
3 events| Timing | Event | Category | Confidence | Materiality | Investor relevance |
|---|---|---|---|---|---|
| Q4 2026 to Q3 2027 | Cloudkicker two-stage open pit operation running to Q3 calendar 2027 | Production | Company Guided | High | Adds roughly 20koz to the production profile; the ramp sets the near-term cash flow and AISC. |
| Early 2027 | Crown Prince underground and Lydia open pit studies complete | Study | Company Guided | High | First step to converting the 262koz resource outside reserves; capex and mining rate will be disclosed. |
| By 31 January 2027 (ASX quarterly deadline) | December 2026 quarterly activities report and Appendix 5B | Results | Inferred | Medium | Quarterly sales, AISC and cash, incl. effect of the A$27m dividend. |
Executive roster
As of 2026-10-22Background checks ▸Executives from the 2026 annual report roster and the October 2026 quarterly (appointments of Robinson, Shanhun and Caporn). Non-executive directors Rick Crabb, Malcolm Randall, Joanne Palmer and Mark Adams are excluded by design. Full senior management list not disclosed in the documents read.
| Executive | Title | Normalized role | Appointed | Sources |
|---|---|---|---|---|
| Alex Passmore | Chief Executive Officer | Chief Executive | — | 2026 Annual Report (transitional nine months to 30 June 2026) |
| Derek Humphry | Chief Financial Officer · Joint Company Secretary | Finance · Company Secretary | 2025-04-30 | 2026 Annual Report (transitional nine months to 30 June 2026) |
| Kim Gundersen | General Manager Operations | Operations | 2025-04-30 | 2026 Annual Report (transitional nine months to 30 June 2026) · Local management assessment for NMG (management/NMG/summary.md) |
| Bradley Robinson | General Manager Exploration and Growth | Technical · Senior Management | 2026-09-30 | September 2026 Quarterly Activities Report and Appendix 5B |
devCoverage status: Partial
Portfolio detail
Assets
Core asset
Crown Prince open pit complex (Crown Prince OP, Cloudkicker OP, stockpiles)
AU
Producer100% ownedGold
Ore sold since September 2025 to Westgold Bluebird under the OPA. Crown Prince Stage 1/2 pit integrating into one pit (Oct 2026); Cloudkicker open pit started late June 2026 under the M51/886 approval, expected to add about 20koz over 12-18 months. Crown Prince underground and Lydia/Abbotts open pit studies targeted early 2027.
- Production annualised (attributable)
- 43.3k ozd
- Production (last FY, 100%)
- 55.0k oz
- AISC (latest quarter)
- A$4,972/oz
- AISC margin at spot
- 15.1%m
- Delivery vs guidance
- —
- Reserve life
- 1.3 yrsd
- Head grade
- 2.2 g/t Au
Project location
Approximate location
Loading imagery…
© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.
Published study economicsIssuer or study metrics
NPVA$83M8% discount
IRR321%Published return
Study Table 2 at A$3,250/oz; the JORC text quotes A$63m for the same reserve case (conflict recorded in documents.json); initial capex not read from the page image.
Resources & reserves5
| Type | Category | Quantity | Grade | Contained minerals | Date |
|---|---|---|---|---|---|
| Mineral Resource | total incl stockpiles | 827K t | 2.7 g/t Au | Gold | 2026-06-30 |
| Mineral Resource | measured+indicated+inferred | 499K t | 1.9 g/t Au | Gold | 2026-06-30 |
| Ore Reserve | probable | 640K t | 3.1 g/t Au | Gold | 2026-06-30 |
| Ore Reserve | proved | 190K t | 0.8 g/t Au | Gold | 2026-06-30 |
| Ore Reserve | probable | 310K t | 2.2 g/t Au | Gold | 2026-06-30 |
Tenements2
Milestones2
- Crown Prince Stage 1 and Stage 2 pit integrated at 420mRL (October 2026)
Achieved · Medium materiality
- Cloudkicker open pit two-stage operation to Q3 calendar 2027
Pending · High materiality
Permits & approvals1
| Permit | Jurisdiction | Status | Expiry | Critical path |
|---|---|---|---|---|
| M51/886 mining proposal (includes Cloudkicker) | WA | Granted | — | No |
Economic studies1
| Study | Stage | Status | Date | Summary |
|---|---|---|---|---|
| Crown Prince open pit maiden reserve and feasibility study (Feb 2025) | DFS | Superseded | 2025-02-03 | Open pit only, 30-month life, 0.89 Mt ore at 4.8 g/t, 140koz LOM; AISC A$2,221/oz at A$3,250/oz. Superseded by the 2026 reserve, Cloudkicker and depletion. |
Material
Garden Gully extensions: Crown Prince underground, Lydia, Abbotts and Cloudkicker non-reserve resource
AU
Resource Stage100% ownedGold
Crown Prince underground, Lydia and Abbotts are resources only (JORC 2026). Studies on underground and Lydia open pit are targeted for early 2027. No development decision, capex or mine plan has been published.
- Contained metal (attributable)
- —
- Resource grade
- 1.8 g/t Au
- % Measured + Indicated
- 0%d
- Resource tonnes
- 789.0k t
- Our value per attrib. contained unit
- Locked
- Mining method
- Conventional open pit (proposed)
- Contained metal (attributable)
- 150.4k ozd
- Resource grade
- 3.2 g/t Au
- % Measured + Indicated
- 85.1%d
- Resource tonnes
- 1.45 Mt
- Our value per attrib. contained unit
- Locked
- Mining method
- Long hole stoping, underground loaders and haul trucks
- Contained metal (attributable)
- 55.1k ozd
- Resource grade
- 1.8 g/t Au
- % Measured + Indicated
- 49.9%d
- Resource tonnes
- 0.96 Mt
- Our value per attrib. contained unit
- Locked
- Mining method
- Conventional open pit (proposed)
Project location
Approximate location
Loading imagery…
© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.
Resources & reserves3
| Type | Category | Quantity | Grade | Contained minerals | Date |
|---|---|---|---|---|---|
| Mineral Resource | indicated+inferred+measured | 1.5M t | 3.2 g/t Au | Gold | 2026-06-30 |
| Mineral Resource | measured+indicated+inferred | 961K t | 1.8 g/t Au | Gold | 2026-06-30 |
| Mineral Resource | inferred | 789K t | 1.8 g/t Au | Gold | 2026-06-30 |
Tenements2
Milestones1
- Crown Prince underground and Lydia open pit studies complete (early 2027)
Pending · High materiality
Permits & approvals1
| Permit | Jurisdiction | Status | Expiry | Critical path |
|---|---|---|---|---|
| Crown Prince underground mining approvals and ventilation portal | WA | Required | — | Yes |
Other
Garden Gully regional exploration (619 km2 tenure, Abbernethy and Airstrip)
AU
Early Explorer100% ownedGold
Active drilling at Airstrip (155 holes, 12,110 m), Abernethy South JV ground (90%), Garden Gully regional targets. No defined resource beyond the project above.
- Ownership
- 100%
- Commodity
- Aur
- Country
- AUr
- Best recent intercept (grade x width)
- —
- Metres drilled (12M)
- —
- Exploration spend (12M)
- —
Tenements1
d derivedr our researchg guidances study forecastm daily marketNo marker: as reported— / NM missing or not meaningful (hover for why)
Stock database
Other assets
- Production annualised (attributable)
- —
- Production (last FY, 100%)
- —
- AISC (latest quarter)
- —
- AISC margin at spot
- —
- Delivery vs guidance
- —
- Reserve life
- —
- Head grade
- —
- Investee
- Parbo Resources Limited
- Holding
- —
- Shares held
- —
- Market value
- —
- % of holder's market cap
- —
- Cost basis
- A$2.0m
Funding, performance and ownership
Financials & Capital
Liquidity
Financial position
Net cash position, nil hedging and no undrawn debt facility disclosed. Cash claims at the cutoff: maiden dividend about A$27m (declared 22 Oct 2026) and current tax liabilities of A$32.7m at 30 June 2026 (not paid in the September quarter per Appendix 5B item 1.6).
Inventory composition1
Proved stockpile at 30 June 2026 (rendered reserve table); carrying value not disclosed in the documents read. Sep quarter ore is sold on certification under the OPA, so no ore inventory is valued in cash.
- Crown Prince proved ore stockpile (190,000 t at 0.8 g/t, 4,800 oz)
- — carrying · 190,000 t
Capital structure
Ownership and dilution
- Ordinary shares
- 10.9B
- Fully diluted
- 11.4B
Ordinary shares 10,864,241,595 at 30 June 2026 (AR note 15) plus 199,458,205 options and 342,990,866 performance rights (AR p.26) = 11,406,690,666 gross. After 30 June the company issued 10,963,249 rights shares, 15m and 10m option shares; the valuation uses a pro forma basic count of 10,900,204,844 and a treasury-method count of in-the-money options at A$0.057 plus 330,000,000 unvested rights (11,346,842,887 fully diluted). The 2025 comparative count was 10,793,041,595.
Security classes7
| Class | Type | Quantity | Strike | Expiry |
|---|---|---|---|---|
| Unquoted options exercisable at A$0.0087, expiring 28 Feb 2027 (10m exercised after balance date) | Option | 40M | A$0.009 | 2027-02-28 |
| Unquoted options exercisable at A$0.0120, expiring 21 Oct 2026 (15m exercised after balance date) | Option | 15M | A$0.012 | 2026-10-21 |
| Unquoted options exercisable at A$0.0236, expiring 5 May 2028 | Option | 20M | A$0.024 | 2028-05-05 |
| Unquoted options exercisable at A$0.0259, expiring 15 Aug 2028 | Option | 40M | A$0.026 | 2028-08-15 |
| Unquoted options exercisable at A$0.062, expiring 30 Mar 2029 | Option | 20M | A$0.062 | 2029-03-30 |
| Performance options exercisable at A$0.006, expiring 27 Mar 2028 | Option | 64.5M | A$0.006 | 2028-03-27 |
| Performance rights (employee and executive LTI, hurdle-based) | Performance Right | 343M | — | — |
Actuals and forecasts
Financial statements
| AUD | Unit | Trend | FY25A (12 months to 30 Sep 2025)A | TY26A (9 months to 30 Jun 2026, transitional)A |
|---|---|---|---|---|
| Operations | ||||
| Gold sold in ore (attributable) | oz | — | 54,952 | |
| Unit costs | ||||
| AISC | AUD/oz Au | — | 2,882 | |
| Profit and loss | ||||
| Revenue (net of OPA margin and haulage) | AUDm | 18.0 | 272.1 | |
| Operating costs (royalties, mining, site, corporate) | AUDm | 13.0 | 89.7 | |
| EBITDA | AUDm | 4.9 | 182.4 | |
| Net profit after tax | AUDm | 4.8 | 147.0 | |
| Cash flow | ||||
| Operating cash flow (forecast after tax and closure) | AUDm | (3.8) | 195.2 | |
| Capex (actual PP&E, E&E and mine properties; forecast sustaining) | AUDm | 18.0 | 12.9 | |
| Free cash flow | AUDm | (21.8) | 182.3 | |
| Balance sheet | ||||
| Cash and cash equivalents (period end) | AUDm | 19.7 | 201.7 | |
| Borrowings and leases | AUDm | 0.5 | 1.2 | |
| Net debt (negative = net cash) | AUDm | (19.3) | (200.6) | |
| Book equity (period end) | AUDm | 58.2 | 208.7 | |
| Per share | ||||
| Shares (period end, pro forma for Oct 2026 issues in forecasts) | m shares | 10,793.0 | 10,864.2 | |
| Earnings per share | AUD/share | 0.00 | 0.01 | |
| Dividends per share declared | AUD/share | 0.00 | 0.00 | |
| Multiples and ratios | ||||
| EV / EBITDA (x, current EV) | x | 80.9 | 2.2 | |
| P / E (x, current market cap) | x | 129.2 | 4.2 | |
| FCF yield (current market cap) | % | -3.5% | 29.4% | |
| EBITDA margin | % | 27.5% | 67.0% | |
| Net debt / EBITDA (x) | x | (3.9) | (1.1) | |
KPI history
Operating metrics
Operating metric source table13
| Metric | Project | Period | Period type | Value | Status |
|---|---|---|---|---|---|
| Gold sold in ore (attributable) | Crown Prince Op | Sep 2026 quarter | Quarter | 10,837 oz | Reported |
| Attributable AISC (OPA-implied bullion price A$6,055/oz) | Crown Prince Op | Sep 2026 quarter | Quarter | 4,972 AUD/oz | Reported |
| Cash cost including OPA margin and haulage | Crown Prince Op | Sep 2026 quarter | Quarter | 4,624 AUD/oz | Reported |
| Sold ore grade | Crown Prince Op | Sep 2026 quarter | Quarter | 2.2 g/t Au | Reported |
| Agreed gold recovery under OPA | Crown Prince Op | Sep 2026 quarter | Quarter | 96.5 % | Reported |
| Gold sold in ore (attributable), nine months | Crown Prince Op | Nine months to 30 Jun 2026 | Year | 54,952 oz | Reported |
| Attributable AISC, nine months (A$6,531/oz OPA price) | Crown Prince Op | Nine months to 30 Jun 2026 | Year | 2,882 AUD/oz | Reported |
| Ore sold (tonnes), exceeded 450,000 t OPA maximum by agreement | Crown Prince Op | Nine months to 30 Jun 2026 | Year | 516,925 t | Reported |
| Revenue under the OPA (corporate) | Crown Prince Op | Nine months to 30 Jun 2026 | Year | 272,118,000 AUD | Reported |
| Statutory-derived EBITDA: PBT plus finance costs and D&A | Crown Prince Op | Nine months to 30 Jun 2026 | Year | 182,406,000 AUD | Source Derived |
| Net cash from operating activities (pre-capex; not FCF) | Crown Prince Op | Nine months to 30 Jun 2026 | Year | 195,198,000 AUD | Reported |
| Cash and cash equivalents | Crown Prince Op | At 30 Jun 2026 | Point In Time | 201,730,000 AUD | Reported |
| Cash at end of September 2026 quarter (Appendix 5B 4.6) | Crown Prince Op | At 30 Sep 2026 | Point In Time | 220,424,000 AUD | Reported |
Capital history
Capital events
| Date | Event | Amount | Shares | Price | Status | Terms |
|---|---|---|---|---|---|---|
| 2026-10-22 | Dividend | A$27M | — | — | Announced | — |
Contracts and ownership
Material economic arrangements These are deals that can affect sales, costs, funding or ownership. An arrangement marked “Included in valuation” may already be built into a project estimate or the bridge to shareholder value. A separate amount is shown only when one can be estimated; do not add it again.
OPA, alliance, royalties and farm-ins from the 2026 annual report and October 2026 quarterly; the OPA price, term and deductions beyond the quarterly footnote are not fully disclosed.
NMG sells all ore to Westgold at Bluebird. The OPA invoice equals certified tonnes x grade x recovery x LBMA monthly average gold price less OPA deductions (AR p.56). Payment is the month after certification. NMG reports attributable gold and AISC on the OPA price.
Tolling Or Processing · Active- Counterparties
- Westgold Resources Limited (Big Bell Gold Operations Pty Ltd)
- Applies to
- Crown Prince open pit complex (Crown Prince OP, Cloudkicker OP, stockpiles) · Gold
- Economic direction
- Mixed
- Period
- Dates not stated
- Key terms
- OPA margin: 17 % of attributable gold price
OPA haulage and processing cost: 785 AUD/oz sold
Initial OPA period: 24 months
How it affects our valuation
No valuation treatment is available for this arrangement.
Strategic alliance from the 2024 placement. Westgold holds 1,689,427,459 shares (15.53%) at 30 June 2026 (AR p.88). Its rights limit dilution options and shape any sale of ore from future NMG tenements.
Strategic Partnership · Active- Counterparties
- Westgold Resources Limited
- Applies to
- Crown Prince open pit complex (Crown Prince OP, Cloudkicker OP, stockpiles) · Gold
- Economic direction
- Burden
- Period
- From 2024-06-04; no end date stated
- Key terms
- Right of first refusal over ore from NMG tenements processed at Bluebird: —
Equity participation right: —
Board nominee right: —
How it affects our valuation
No valuation treatment is available for this arrangement.
Native title agreement royalty; TY26 royalty payments A$1.752m (AR p.9).
Royalty · Active- Counterparties
- Wajarri Yamaji Aboriginal Corporation
- Applies to
- Crown Prince open pit complex (Crown Prince OP, Cloudkicker OP, stockpiles) · Garden Gully extensions: Crown Prince underground, Lydia, Abbotts and Cloudkicker non-reserve resource · Gold
- Economic direction
- Burden
- Period
- From 2021-01-01; no end date stated
- Key terms
- Royalty over minerals produced by NMGOps on M51/886 and M51/889: 0.75 %
How it affects our valuation
No valuation treatment is available for this arrangement.
Royalty deeds replaced historical arrangements on 14 Aug 2024; the 2% rate applies to the Crown Prince reserve ore, which is inside the DCF royalty line.
Royalty · Active- Counterparties
- Chin Nominees Pty Ltd
- Applies to
- Crown Prince open pit complex (Crown Prince OP, Cloudkicker OP, stockpiles) · Garden Gully extensions: Crown Prince underground, Lydia, Abbotts and Cloudkicker non-reserve resource · Gold
- Economic direction
- Burden
- Period
- From 2024-08-14; no end date stated
- Key terms
- NSR over part of Crown Prince M51/886 and P51/3009: 2 %
NSR over Lydia M51/889: 1 %
How it affects our valuation
No valuation treatment is available for this arrangement.
Red Bore is not valued; the royalty is recorded for completeness and has no modelled cash flow.
Royalty · Active- Counterparties
- Third party (not named)
- Applies to
- Company-wide · Copper
- Economic direction
- Burden
- Period
- Dates not stated
- Key terms
- NSR over minerals from Red Bore: 1.25 %
How it affects our valuation
No valuation treatment is available for this arrangement.
Exploration farm-ins and JVs; no development value attached and no cash flow modelled.
Farm In · Active- Counterparties
- Abernethy South JV partner (Mark Selga) · East Burnakurra and Lake Annean JV partners
- Applies to
- Garden Gully regional exploration (619 km2 tenure, Abbernethy and Airstrip) · Gold
- Economic direction
- Mixed
- Period
- Dates not stated
- Key terms
- Beneficial interest, Abernethy South tenements: 90 %
Beneficial interest, East Burnakurra and Lake Annean: 51 %
How it affects our valuation
No valuation treatment is available for this arrangement.
Intrinsic value
Valuation
Valuation
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Sign in or enter a guest codeResource-price transmission
Sensitivity lab
Sensitivity lab
How our fair value responds to commodity prices and other drivers is available to subscribers.
Sign in or enter a guest codePeople, delivery and responsibility
Management background checks
Assessment is low-confidence and evidence-limited. The selected ledger contains 3 current executives. Reviewed issuer/ASX records help confirm roles and company context, but do not establish complete executive biographies, measured individual delivery, or exhaustive person-level adverse history. 2026 annual report executive roster at 24 September, with CEO, CFO/company secretary and GM Operations; non-executive directors excluded.
Decision-relevant facts
Material summary
Alex Passmore
Chief Executive Officer
No supported material findings selected. See this executive’s report and evidence gaps.
Evidence gaps · 2
- No sufficiently corroborated, dated biography was located in the reviewed records for Alex Passmore; prior employers, education, qualifications, concurrent directorships and exact role commencement remain gaps.
- Person-specific failure, fraud, legal, safety, environmental and governance coverage for Alex Passmore is incomplete; open-web work documented here is not an exhaustive criminal, sanctions, litigation, reference or credential check.
Derek Humphry
Chief Financial Officer, Company Secretary
No supported material findings selected. See this executive’s report and evidence gaps.
Evidence gaps · 2
- No sufficiently corroborated, dated biography was located in the reviewed records for Derek Humphry; prior employers, education, qualifications, concurrent directorships and exact role commencement remain gaps.
- Person-specific failure, fraud, legal, safety, environmental and governance coverage for Derek Humphry is incomplete; open-web work documented here is not an exhaustive criminal, sanctions, litigation, reference or credential check.
Kim Gundersen
General Manager Operations
No supported material findings selected. See this executive’s report and evidence gaps.
Evidence gaps · 2
- No sufficiently corroborated, dated biography was located in the reviewed records for Kim Gundersen; prior employers, education, qualifications, concurrent directorships and exact role commencement remain gaps.
- Person-specific failure, fraud, legal, safety, environmental and governance coverage for Kim Gundersen is incomplete; open-web work documented here is not an exhaustive criminal, sanctions, litigation, reference or credential check.
Company ownership
Investors & shareholders
Top registered shareholders
Register at 2026-08-31 · 10,875,204,844 issued shares
| # | Investor / registered holder | % issued shares | Shares held |
|---|---|---|---|
| 1 | 15.53% | 1,689,427,459 | |
| 2 | 7.91% | 860,108,109 | |
| 3 | 7.22% | 785,000,000 | |
| 4 | 5.66% | 615,160,376 | |
| 5 | 4.12% | 448,045,655 | |
| 6 | 3.55% | 386,199,507 | |
| 7 | 3.53% | 383,400,000 | |
| 8 | 2.78% | 302,500,000 | |
| 9 | 2.21% | 240,495,665 | |
| 10 | 2.10% | 228,313,333 | |
| 11 | 1.30% | 141,701,888 | |
| 12 | 1.25% | 135,677,662 | |
| 13 | 1.21% | 132,000,000 | |
| 14 | 1.07% | 116,116,842 | |
| 15 | 0.68% | 74,000,000 | |
| 16 | 0.55% | 60,000,000 | |
| 17 | 0.55% | 59,614,170 | |
| 18 | 0.53% | 57,900,000 | |
| 19 | 0.53% | 57,804,589 | |
| 20 | 0.45% | 48,781,081 |
Disclosed substantial holders
Latest reviewed disclosure for each holder or reporting group
| Investor / reported group | Disclosed holding | Holding at |
|---|---|---|
| 15.53%Calc. on issued shares | 2026-08-31 | |
| 7.82%Calc. on issued shares | 2026-08-31 | |
| Malcolm McCusker | 7.22%Calc. on issued shares | 2026-08-31 |
| 5.66%Calc. on issued shares | 2026-08-31 |
Sources & review notesEvidence checked through 2026-10-09
Coverage and limitations
- Top-20 registered-account positions and substantial-holder group disclosures are separate views and are not added together.
Sources
- 2026 Annual Report
ASX / issuer disclosure / New Murchison Gold Limited · Published 2026-09-24 · Accessed 2026-10-09
Holder information dated 31 August 2026. Top-20 and remaining totals sum to 10,875,204,844 shares.
page 88, Twenty Largest Shareholders of Quoted Securities and substantial holders, local copy downloads/NMG/2026/2026-09-24_2026 Annual Report_c8a7438c662e1b91.pdf
- 2026 Annual Report
ASX / issuer disclosure / New Murchison Gold Limited · Published 2026-09-24 · Accessed 2026-10-09
Report lists McCusker Holdings Pty Ltd in top 20 and Malcolm McCusker as substantial holder for the identical 785,000,000-share position.
page 88, same-page register and substantial-holder tables, local copy downloads/NMG/2026/2026-09-24_2026 Annual Report_c8a7438c662e1b91.pdf
Disclosed activity
Insider transactions
Trading activity3 buys · 0 sells shownNet cash last 12 months no tradesShow chartHide chart
On-market buyPlacement / plan subscriptionSaleMarker size = cash valueGrant, exercise, expiry or transferBars: cash bought (up) and sold (down) per month
| Date | Person / account | Activity / security | Quantity | Cash consideration | Price | Holding after |
|---|---|---|---|---|---|---|
| 2024-03-06 | Chinn Nominees Pty LtdChinn Nominees Pty Ltd
Details & evidence for Chinn Nominees Pty Ltd on 2024-03-06As disclosed: Cash consideration acquisition reported in the Form 603 annexure
Notice of Initial Substantial Holder ↗ | PurchaseOrdinary shares | 3,000,000 | AUD 17,996.00 | AUD 0.005999Calculated average | — |
| 2024-02-08 | Chinn Nominees Pty LtdChinn Nominees Pty Ltd
Details & evidence for Chinn Nominees Pty Ltd on 2024-02-08As disclosed: Cash consideration acquisition reported in the Form 603 annexure
Notice of Initial Substantial Holder ↗ | PurchaseOrdinary shares | 4,000,000 | AUD 24,132.00 | AUD 0.006033Calculated average | — |
| 2023-11-27 | Chinn Nominees Pty LtdChinn Nominees Pty Ltd
Details & evidence for Chinn Nominees Pty Ltd on 2023-11-27As disclosed: Cash consideration acquisition reported in the Form 603 annexure
Notice of Initial Substantial Holder ↗ | PurchaseOrdinary shares | 5,588,321 | AUD 33,530.00 | AUD 0.006Calculated average | — |
Disclosed holding observations1 dated positions
Initial, final and threshold notices describe positions; these are not counted as purchases or sales.
| Holding at | Person / group | Type / security | Quantity | Percentage |
|---|---|---|---|---|
| 2024-03-06 | Chinn Nominees Pty Ltd
Details & evidence for Chinn Nominees Pty Ltd on 2024-03-06Initial substantial-holder position; Chinn Nominees is the named holder, and the beneficial owner is not identified.
Notice of Initial Substantial Holder ↗ | InitialOrdinary shares | 302,000,018 | 5.26%Voting Power |
The closest covered peers
Peer comparison
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Narrative and provenance
Research & Sources
AI Analyst Report
The full analyst report, its figures and the broker-style PDF are available to subscribers and invited guests.
Sign in or enter a guest codeChronological evidenceSource-document inventory12 documents
NMG ASX close 2 Nov 2026 (reference price, local database via market data provider)Market Data · HighExtracted
Reference price A$0.057 close on 2 Nov 2026 from miners.reference_price (fresh, zero days old; one ASX ordinary share).
- Document ID
- market_close_20261102
- Published UTC
- 2026-11-02T05:00:00Z
- Projects
- —
- Commodities
- gold
Bank gold price forecasts for 2027 (web search summary, secondary sources)Commodity Data · MediumMetadata Only
Secondary summary of bank forecasts for 2027: Goldman Sachs 5,400; Commerzbank 5,200; RBC 5,250; UBS 5,200 mid-2027; Deutsche Bank 5,150; HSBC 4,925 (USD/oz). Several sources are dealer or retail sites and target dates differ; treated as context for the long-run deck only, never as a fair-value anchor. Sources: metalsmine.com UBS 5,200 note; invezz.com 2026-05-05 article on 5,500 by Q1 2027.
- Document ID
- gold_outlook_search_20261102
- Published UTC
- 2026-11-01T22:00:00Z
- Projects
- —
- Commodities
- gold
Local ownership file: top-20 register and substantial holders for NMGOther · LowMetadata Only
ownership/NMG/investors.json: top holders and substantial holders as compiled from ASX filings; Westgold holds 1,689,427,459 shares (15.53%) per AR note p.88. Used as relevance check only; the AR register governs.
- Document ID
- ownership_local
- Published UTC
- 2026-11-01T22:00:00Z
- Projects
- —
- Commodities
- gold
Local management assessment for NMG (management/NMG/summary.md)Leadership · LowMetadata Only
Local summary lists CEO Alex Passmore, CFO and Joint Company Secretary Derek Humphry, GM Operations Kim Gundersen (2026 AR roster). Evidence confidence low; background checks not person-verified.
- Document ID
- management_local
- Published UTC
- 2026-11-01T22:00:00Z
- Projects
- —
- Commodities
- gold
Insider dealings database for NMG (python -m miners.insider_transactions show NMG)Leadership · LowMetadata Only
Local insider transactions database: director option exercises (e.g. Malcolm Randall, 10,000,000 options at A$0.0087 on 8 Sep 2026, A$87,000) and other director events to the cutoff. Reconciled against the Appendix 3Y/3X filings and the Appendix 2A.
- Document ID
- insider_local
- Published UTC
- 2026-11-01T22:00:00Z
- Projects
- —
- Commodities
- gold
Peer database: ASX gold producers, daily metrics at 30 Oct 2026 (miners_v8.db stock_daily)Market Data · MediumExtracted
Latest peer rows at 30 Oct 2026 for WGX, RMS, GMD, VAU, PNR, OBM: price, market cap, EV, EV/EBITDA, P/NAV, EV per attributable resource ounce, FCF yield and 12-month return from the stock database (computed daily from closes and published research). Used for the peer table and the resource benchmark.
- Document ID
- peer_database_20261030
- Published UTC
- 2026-10-30T05:00:00Z
- Projects
- —
- Commodities
- gold
Gold spot and trailing averages (market data provider futures GC, via market snapshot)Commodity Data · HighExtracted
Gold USD 3,898.9/oz spot on 30 Oct 2026; 1-year average USD 4,453.7 (range 3,898.9 to 5,318.4); 3-year average USD 3,310.8; AUD per USD 1.4236 on the same snapshot. Produced by miners.v8db.market_snapshot NMG at cutoff.
- Document ID
- gold_spot_20261030
- Published UTC
- 2026-10-30T05:00:00Z
- Projects
- —
- Commodities
- gold
September 2026 Quarterly Activities Report and Appendix 5BOperations · HighExtracted
Quarter to 30 Sep 2026: 160,483 t ore sold at 2.2 g/t, 10,837 oz sold at 96.5% recovery; attributable AISC A$4,972/oz (cash cost A$4,624/oz); net operating cash A$25.2m; cash A$220.4m; no debt; maiden dividend 0.25 cent declared (about A$27m). Annual MRE/ORE restated on page 8-9 with a conflicting resource table (see conflicts).
- Document ID
- quarterly_sep_2026
- Published UTC
- 2026-10-21T22:20:25Z
- Projects
- crown_prince_op
- Commodities
- gold
2026 Annual Report (transitional nine months to 30 June 2026)Results · HighExtracted
Nine-month transitional annual report to 30 June 2026. Gold ore sold under the Crown Prince OPA with Westgold: revenue A$272.1m, NPAT A$147.0m, operating cash flow A$195.2m, cash A$201.7m, nil debt beyond A$64k borrowings and A$1.1m leases, 10,864m shares at 30 June 2026. Note 15 gives shares at 30 Sep 2025 as comparative. Reserve and resource summary and OPA pricing mechanics on pages 56 and 85.
- Document ID
- annual_report_2026
- Published UTC
- 2026-09-24T08:32:24Z
- Projects
- crown_prince_op
- Commodities
- gold
2026 Annual Mineral Resource and Ore Reserve Statement (at 30 June 2026)Resource Update · HighExtracted
Annual JORC statement at 30 June 2026: Mineral Resource 4.53Mt at 2.4 g/t for 353,700 oz (Crown Prince OP and stockpiles, Crown Prince UG, Cloudkicker, Lydia, Abbotts); Ore Reserve 1.14Mt at 2.5 g/t for 90,800 oz at A$3,750/oz (Crown Prince OP probable, Cloudkicker probable maiden reserve, stockpiles proved). Reserve bridge from 135,600 oz at 2025 on page 10.
- Document ID
- resource_reserve_2026
- Published UTC
- 2026-09-23T06:51:39Z
- Projects
- crown_prince_op
- Commodities
- gold
Crown Prince Maiden Ore Reserve and Feasibility Study (3 Feb 2025)Study · MediumExtracted
Crown Prince open pit feasibility study: 30-month mine life, 0.89 Mt ore at 4.8 g/t for 140,000 oz; NPV8% post-tax A$83m at A$3,250/oz (Table 2) but the JORC economic commentary quotes A$63m for the same reserve case; WACC 8% real. Study predates Cloudkicker and the 2026 reserve.
- Document ID
- feasibility_2025
- Published UTC
- 2025-02-02T22:03:45Z
- Projects
- crown_prince_op
- Commodities
- gold
Westgold Strategic Alliance and Placement (30 May 2024)Economic Arrangement · HighPartial
Binding alliance with Westgold (WGX) under which Ora (now NMG) agreed to an ore purchase agreement: Westgold right of first refusal over all ore from Ora tenements processed at Bluebird, an equity participation right and a board nominee right while Westgold holds 10% or more.
- Document ID
- westgold_alliance_2024
- Published UTC
- 2024-05-29T22:23:06Z
- Projects
- crown_prince_op
- Commodities
- gold
Evidence facts13
272118000 AUD
2026-06-30146951000 AUD
2026-06-30201730000 AUD
2026-06-3010864241595 shares
2026-06-3010793041595 shares
2025-09-3090800 oz
2026-06-30353700 oz
2026-06-3010837 oz
2026-09-304972 AUD/oz
2026-09-300.0025 AUD/share
2026-10-2283000000 AUD
2025-02-0363000000 AUD
2025-02-03see locator text
2024-05-30Conflicts requiring judgment2
- crown_prince_op_measured_resource_oz
Quarterly page 8 (rendered) shows Crown Prince OP measured 263,000 t at 3.8 g/t = 38,900 oz and totals 4,432,000 t; the statement table (rendered p.2) shows 3.5 g/t = 29,400 oz and totals 4,532,000 t, which equals the category sum. Tonnes x grade gives about 29,600 oz for 3.5 g/t and about 32,100 oz for 3.8 g/t, so the statement table is used.
- feasibility_study_npv_reserve_case
None