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2026-11-06
◂ Monitor SNX ASX

Sierra Nevada Gold Inc.

Discovery Drill Stage · Copper · Gold · Saudi Arabia · United States Rating locked: sign in to view v8 · snx-20261009t171729-first-fill
Last 2026-11-06
A$0.078
1D
—
1M
—
YTD
—
1Y
—
Upside
Locked: sign in to view
Mkt cap
A$48.5M
EV
—
Cash
US$1.9M
Debt
US$0
4 newer ASX announcements not yet reflected in this valuation

Funding, performance and ownership

Financials & Capital

As of 2026-06-30
Cash US$1.9M2024-12-31: 1,568,573 US$2025-12-31: 5,417,117 US$2026-03-31: 4,900,000 US$2026-06-30: 1,891,869 US$ Finite
Debt US$0 Net cash US$1.9M
Basic shares 621.4M 2026-09-02
Runway 1.04 quarters Issuer Appendix 5B calculation: US$1.892m cash / US$1.814m relevant June-quarter outgoings.

Liquidity

Financial position

The reviewed 30 June statement reports US$1.892m cash and a separate US$1.189m refundable Saudi licence security deposit classified as a non-current asset, not spendable cash. A 16 September presentation labels about A$12m cash at 31 August, but does not reconcile its timing with the 2 September placement quotation; neither figure establishes current post-placement spendable liquidity.

Capital structure

Ownership and dilution

Ordinary shares
621.4M
Fully diluted
659.3M

September 2 Appendix 2A reports 621,358,352 quoted 1:1 CDIs plus 26,648,666 performance shares and 11,304,700 outstanding options. Fully diluted count treats every unquoted security as one share, conservative; conditional 5.5m director tranche excluded. The 16 September presentation gives approximately 675m fully diluted shares, versus 659.31m calculated from the exact 2 September Appendix 2A schedule; the discrepancy is unresolved, and the exact issued-instrument schedule is selected.

Security classes4
ClassTypeQuantityStrikeExpiry
Unquoted performance shares; vesting conditions not valued separatelyPerformance Right26.6M——
Options exercisable at A$0.16Option1.5MA$0.162026-11-27
Options exercisable at A$0.075Option2.5MA$0.0752027-12-18
Options exercisable at A$0.06Option7.3MA$0.062028-11-24

KPI history

Operating metrics

Comparable series use a shared scale

Corporate cash and cash equivalents · Company · Point In Time

USD

4 periods
  1. 31 December 20241,568,573 USD
    Reported
  2. 31 December 20255,417,117 USD
    Reported
  3. 31 March 20264,900,000 USD
    Reported
  4. 30 June 20261,891,869 USD
    Reported
Operating metric source table4
MetricProjectPeriodPeriod typeValueStatus
Corporate cash and cash equivalentsCompany31 December 2024Point In Time1,568,573 USDReported
Corporate cash and cash equivalentsCompany31 December 2025Point In Time5,417,117 USDReported
Corporate cash and cash equivalentsCompany31 March 2026Point In Time4,900,000 USDReported
Corporate cash and cash equivalentsCompany30 June 2026Point In Time1,891,869 USDReported

Capital history

Capital events

2 events · newest first
DateEventAmountSharesPriceStatusTerms
2026-09-02Ann. 2026-08-26RaisingCdi 1:1 Common ShareA$12.3M123.2MA$0.1CompletedA$12.3245m gross from 123,245,003 CDIs; costs and net cash not disclosed.Max 123.2M · Period 2026-08-26 to 2026-09-02 · Foster Stockbroking and Argonaut Securities
2026-08-26RaisingCdi 1:1 Common ShareA$550K—A$0.1AnnouncedA$0.55m / 5.5m CDIs conditional on late-October EGM; excluded from issued shares and cash.Max 5.5M · Holder approval required

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.

Partial · as of 2026-09-27

The annual and half-year reports establish New Pass deferred consideration, extinguished royalty and the As Safra licence spending obligation. Some Nevada lease-controlled claims lack complete current terms and remain unquantified.

Residual acquisition payments for the New Pass claims; title transferred and former royalty extinguished.

Other · Active
Counterparties
New Pass claim vendors
Applies to
New Pass · Gold
Economic direction
Burden
Period
From 2025-05-13; no end date stated
Key terms
Remaining installments after February 2026 payment: 150,000 USD
How it affects our valuation

No valuation treatment is available for this arrangement.

Former NSR royalty and lease option were extinguished when claims were purchased.

Royalty · Terminated
Counterparties
Former New Pass lessors
Applies to
New Pass · Gold
Economic direction
Burden
Period
Through 2025-05-13; start date not stated
How it affects our valuation

This arrangement has ended; no current valuation treatment is required.

Granted As Safra licences carry an initial two-year exploration spending and work obligation; the refundable security deposit is a restricted non-current asset.

Other · Active
Counterparties
Saudi Ministry of Industry and Mineral Resources
Applies to
As Safra · Copper · Gold
Economic direction
Mixed
Period
Through 2031-04-29; start date not stated
Key terms
Minimum spending in initial two-year period: 7,900,000 USD
Unrecognised remaining exploration commitment at 30 June: 6,715,368 USD
Required diamond drilling: 7,800 m
Required reverse-circulation drilling: 15,000 m
Required trenching: 1,500 m
Refundable licence security deposit: 1,188,909 USD
How it affects our valuation

No valuation treatment is available for this arrangement.