Sunshine Metals (SHN) Stock Overview

Engages in the exploration and development of mineral projects in Australia. More details

SHN fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	0/6
Past Performance	0/6
Financial Health	6/6
Dividends	0/6

Risk Analysis

Shareholders have been substantially diluted in the past year

Earnings have declined by 28.2% per year over past 5 years

Makes less than USD$1m in revenue (A$0)

Does not have a meaningful market cap (A$104M)

SHN Community Fair Values

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Sunshine Metals Limited Competitors

Price History & Performance

Summary of share price highs, lows and changes for Sunshine Metals
Historical stock prices
Current Share Price	AU$0.029
52 Week High	AU$0.048
52 Week Low	AU$0.01
Beta	3.24
1 Month Change	-6.45%
3 Month Change	0%
1 Year Change	163.64%
3 Year Change	93.33%
5 Year Change	-49.12%
Change since IPO	-85.50%

Recent updates

Analysis Article • Mar 09

Have Insiders Been Buying Sunshine Gold Limited (ASX:SHN) Shares?

We often see insiders buying up shares in companies that perform well over the long term. Unfortunately, there are also...

Shareholder Returns

	SHN	AU Metals and Mining	AU Market
7D	3.6%	2.4%	1.0%
1Y	163.6%	51.1%	2.2%

Return vs Industry: SHN exceeded the Australian Metals and Mining industry which returned 51.1% over the past year.

Return vs Market: SHN exceeded the Australian Market which returned 2.2% over the past year.

Price Volatility

Is SHN's price volatile compared to industry and market?
SHN volatility
SHN Average Weekly Movement	12.2%
Metals and Mining Industry Average Movement	11.8%
Market Average Movement	9.7%
10% most volatile stocks in AU Market	17.1%
10% least volatile stocks in AU Market	4.0%

Stable Share Price: SHN has not had significant price volatility in the past 3 months compared to the Australian market.

Volatility Over Time: SHN's weekly volatility (12%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1994	n/a	Damien Keys	shnmetals.com.au

Sunshine Metals Limited engages in the exploration and development of mineral projects in Australia. The company explores for copper, gold, zinc, lead, and silver, as well as molybdenite and base metal deposits. It holds 100% interest in the Ravenswood Consolidated Project, which covers approximately 1,760 square kilometers located in Townsville, Australia.

Sunshine Metals Limited Fundamentals Summary

How do Sunshine Metals's earnings and revenue compare to its market cap?
SHN fundamental statistics
Market cap	AU$104.26m
Earnings (TTM)	-AU$2.08m
Revenue (TTM)	n/a

0.0x

P/S Ratio

-50.0x

P/E Ratio

Is SHN overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
SHN income statement (TTM)
Revenue	AU$0
Cost of Revenue	AU$0
Gross Profit	AU$0
Other Expenses	AU$2.08m
Earnings	-AU$2.08m

Last Reported Earnings

Dec 31, 2025

Next Earnings Date

n/a

Earnings per share (EPS)	-0.00058
Gross Margin	0.00%
Net Profit Margin	0.00%
Debt/Equity Ratio	0%

How did SHN perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/07/05 21:39
End of Day Share Price	2026/07/03 00:00
Earnings	2025/12/31
Annual Earnings	2025/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Sunshine Metals Limited is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Sunshine Metals (SHN) Stock Overview

Risk Analysis

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Sunshine Metals Limited Competitors

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Price History & Performance

Recent News & Updates

Insider recently bought AU$1.5m worth of stock

Sunshine Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 19 million.

Sunshine Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 7.694997 million.

New major risk - Shareholder dilution

Sunshine Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 19 million.

Sunshine Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 3 million.

Recent updates

Insider recently bought AU$1.5m worth of stock

Sunshine Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 19 million.

Sunshine Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 7.694997 million.

New major risk - Shareholder dilution

Sunshine Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 19 million.

Sunshine Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 3 million.

New major risk - Financial position

New major risk - Share price stability

Sunshine Metals Limited, Annual General Meeting, Oct 31, 2025

Sunshine Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 5 million.

Sunshine Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 5 million.

New major risk - Shareholder dilution

Sunshine Metals Limited (ASX:SHN) has entered into a binding agreement to acquire Sybil Epithermal Au Project for AUD 1.2 million.

Sunshine Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 3 million.

Sunshine Limited Completes 7-Hole (641m) RC Drill Program at Tigertown

Sunshine Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 3 million.

New major risk - Share price stability

New major risk - Market cap size

Dart Mining NL (ASX:DTM) completed the acquisition of Triumph Gold Project in Queensland from Sunshine Metals Limited (ASX:SHN).

Sunshine Metals Limited, Annual General Meeting, Nov 29, 2024

New major risk - Financial data availability

New major risk - Share price stability

Sunshine Metals Limited Update at Lighthouse

Sunshine Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 4 million.

New major risk - Market cap size

Sunshine Metals Limited Receives Encouraging First Pass Drilling Results Across its Lighthouse Farm-In Ground

New major risk - Market cap size

New major risk - Shareholder dilution

New minor risk - Financial data availability

Sunshine Metal Limited, Annual General Meeting, Nov 21, 2023

New minor risk - Financial data availability

Sunshine Metal Limited (ASX:SHN) completed the acquisition of Greater Liontown Project.

Non-Executive Director recently bought AU$148k worth of stock

Sunshine Gold Limited (ASX:SHN) agreed to acquire Greater Liontown Project for AUD 5.3 million.

Sunshine Gold Limited Announces Intrusion Related Gold System At Wilburs Hill

Sunshine Gold Limited Reports Abundant Sulphide Intersections over 250m

No independent directors

Sunshine Gold Limited Announces First Diamond Drill Hole Confirms Complex Intrusive System at Wilbur's Hill, Ravenswood West

Sunshine Gold Limited Commences Aircore Drilling at its Wholly Owned Ravenswood West Project Near Townsville to Test Rare Earth Enriched Intrusion Identified from Stream Sediment and Soil Sampling

Sunshine Gold Limited Starts Drilling At Wilburs Hill Prospect Ravenswood West

Sunshine Gold Limited Announces Exploration Results At Ravenswood West

Sunshine Gold Limited, Annual General Meeting, Nov 11, 2022

Sunshine Gold Limited Updates on Recent Induced Polarisation and Magnetotelluric Geophysical Survey Completes At Wilbur's Hill Au Target, Ravenswood West

Sunshine Gold Limited Announces Broad Copper Zones Continue at Titov and the Bank, Ravenswood West

Sunshine Gold Limited Provides an Update on Field Activities and Geophysical Surveys At Gagarin Cu-Au-Ag-Mo Prospect, Ravenswood West

Sunshine Gold Limited Provides Update from Soils and Mineralogical Analysis At Elphinstone Creek, Ravenswood West

Sunshine Gold Limited Provides an Update on RC Drilling At the Bank Cu-Au-Ag-Mo Prospect, Ravenswood West

Sunshine Gold Limited Recommences Drilling 15km Porphyry Corridor Ravenswood West

Sunshine Gold Limited Announces Induced Polarisation Geophysical Surveys Commence At Ravenswood West

Sunshine Gold Limited Announces Scale of NdPr Rare Earths Target Grows at Elphinstone Creek

Sunshine Gold Limited Announces New Au-Cu Targets Identified High Grade Rock Chip Sampling

No independent directors

Sunshine Gold Limited Announces Assay Results from the 501.5M Diamond Hole Drilled (21TVDD001) and from the Resampled Historic Diamond Hole (DDH5) At the Titov Prospect ("Titov"), Ravenswood West

Sunshine Gold Limited Provides Further Assay Results from Infill and Extensional Drilling in the Southern Corridor

Sunshine Gold Limited Announces High Grade Gold Intercepts in Triumph Southern Corridor Extensional Drilling

Sunshine Gold Limited Announces Significant NDPR Rare Earths Target at Elphinstone Creek, Ravenswood West

Sunshine Gold Limited Provides Update on Diamond Drilling at Titov Cu-Ag-Mo Target, Ravenswood West

Sunshine Gold Limited Announces the Final Drilling Results from the Keans Cu-Au-Ag-Mo Prospect, Part of A >15Km Long Cu-Au-Ag-Mo Corridor at Ravenswood West

Non-Executive Director exercised options to buy AU$153k worth of stock.

Sunshine Gold Limited Announces First Assays Confirm High-Grade Cu-Au-Ag-Mo Potential Along >15Km Long Corridor Keans Drilling Results

Sunshine Gold Limited Updates of Exploration Activities At Ravenswood West

Sunshine Gold Limited announced that it expects to receive AUD 5 million in funding

Sunshine Gold Limited Announces Results from the First Reconnaissance RC Drilling Program