Great Western Mining Corporation plc AIM:GWMO
- Incorporated
- Ireland
- Chief executive
- Edward Loye
- Employees
- 7
- Reports in
- EUR
Read straight from the annual reports
3.3c at close on 8 Oct 2026 · 11 reported years, 2015–2025
| Line | FY201512/15 | FY201612/16 | FY201712/17 | FY201812/18 | FY201912/19 | FY202012/20 | FY202112/21 | FY202212/22 | FY202312/23 | FY202412/24 | FY202512/25 | FY2026unreported |
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| Dividend per share | — | — | — | — | — | — | — | — |
EUR millions, negatives in brackets. Per-share lines in cents, share counts in millions. later is what a following report restated the figure to; vs is a second reading that disagrees. The figure shown is the one the original filing printed, and both readings are kept. Click any figure: opens the report page it was read from, highlighted; shows how it was calculated. The share price above is drawn to the same columns: each close sits over the financial year it fell in.
10 years, at a glance
C000562-AR-2025-website
Great Western Mining Corporation PLC explores for copper, tungsten, gold and silver in Nevada, USA, and has no sales yet. Its loss after tax narrowed to €1.1m in 2025, from €1.7m the year before. The main reason is that the previous year included a €781,610 write-down of claims the company gave up, and there was no such write-down this year. This year's loss included a €182,791 cost from revaluing share warrants, which are rights for investors to buy shares later. Spending on exploration rose, with drilling at Rhyolite Dome and West Huntoon. The company raised €1.5m from new shares, had no bank borrowings and paid no dividend. Cash fell to €66k at the year end, from €299k. After the year end it raised £3.25m, plus more money from investors using their warrants. The directors say it has enough to keep going for at least 12 months, and the auditor raised no doubts about this. Management's priority is drilling the Defender-Pine Crow tungsten target, though the report warns that exploration may never find a deposit worth mining.
Priorities are clear: advance the tungsten opportunity at Defender-Pine Crow through drilling and ongoing technical work, while continuing to build understanding of the copper and precious metals potential across the wider portfolio.
page 430 January 2026: placing of 232,142,857 new ordinary shares at 1.4p each, raising £3,250,000 (€3,839,792) before expenses; 232,142,857 warrants granted at 2.0p exercise price plus 15,692,856 broker warrants at 1.4p, conditional on increased authorised share capital.
page 14No dividends were paid during the year (2024: €Nil); no proposed final dividend disclosed.
page 9Financial statements prepared on a going concern basis. At year end cash and cash equivalents were €0.07 million; in February 2026 the Company completed a £3.25 million fundraising before expenses, and in April 2026 warrant holders exercised warrants providing ~£277,000 additional funding. Directors concluded sufficient resources exist for at least 12 months from approval. Unqualified ('true and fair') audit opinion from Azets Audit Services Ireland Limited (Keith Doyle, signed 28 May 2025 [sic, report otherwise dated with FY2025 context]); auditor identified no material uncertainty on going concern. Two key audit matters: (1) valuation and recoverability of intangible exploration and evaluation assets, and (2) recoverability of amounts owed by subsidiary undertaking in the Company accounts. Group materiality €116,300 (Gross Assets benchmark); Company materiality €63,168 (3% of PBT).
page 14- Geological risk – mineral exploration is high-risk with no guarantee of identifying an economically extractable resource.p.11
- Technical/resource risk – mineral reserves/resources subject to uncertainty in grade, continuity, and price assumptions.p.11
- Recruitment and retention of staff – strategy execution depends on skills/abilities of people; reliance on local Nevada contractors with potential delays/price increases under high demand.p.12
- Occupational health and safety – exploration activities conducted in an extremely remote area of Nevada.p.12
Read from C000562-AR-2025-website.
10 annual reports read, FY2016 to FY2025
Open a year to see what its report said. Every line in it carries the page it was read from.
Sources: Company website (10)
FY2026Next report expected 24 May 2027