What do you know about Santana Minerals Ltd (SMI.NZX) who are listed on the New Zealand Stock Exchange?
Executive summary
Santana Minerals Limited is a listed mineral exploration company that secured approval to list on the New Zealand Stock Exchange and is quoted as SMI.NZX, with market data carried by major financial services such as Bloomberg and Reuters [1] [2] [3]. The company, incorporated in 2013 and based in Brisbane, focuses on gold and other precious‑metal exploration in New Zealand, Cambodia and Mexico, and is publicly tracked by analyst and market‑data services that offer differing views on valuation and risk [4] [5] [6].
1. Who and where: corporate identity and footprint
Santana Minerals is identified in public market sources as an Australia‑incorporated exploration company formed in 2013 and headquartered in Brisbane, with exploration projects in New Zealand, Cambodia and Mexico; multiple data vendors repeat that geographic footprint and the firm’s focus on gold, silver and diamond exploration [4] [7] [5].
2. What it owns and where it explores
Public snippets attribute to Santana a 100% interest in the Bendigo‑Ophir gold project in Central Otago, South Island, New Zealand, covering about 251 square kilometres, and reference other projects including Cuitaboca in Mexico and projects in Cambodia, indicating the company operates across at least two segments—Mexico and New Zealand—according to market summaries [4] [8].
3. Market listing, coverage and price reporting
The company received formal approval to list on the NZX in mid‑2024, and its NZX ticker is SMI; market platforms such as Bloomberg, Reuters, Yahoo Finance and BusinessDesk host quotes and company pages, while Forsyth Barr and other brokers also display delayed prices and commentary for investors [1] [2] [3] [9] [10].
4. Analyst coverage and valuation signals
Aggregators report that Santana is covered by a cohort of analysts—Simply Wall St notes eight analysts in its dataset and flags that the stock is trading well below its proprietary “fair value” estimate (quoted as ~90.3% below that estimate on Simply Wall St), a signal that valuation assessments vary widely and that some services model significant upside while others emphasize volatility and risk [5] [6].
5. Public data limitations and what’s not asserted
Available snippets provide project names, corporate origin, listing approval and platform coverage, but the sources supplied do not include audited financial statements, production figures, reserve/resource reports, detailed exploration results, management discussion or recent operational milestones; therefore this report does not assert financial performance, cash position or near‑term production prospects because those facts are not contained in the supplied reporting [4] [1].
6. How to interpret these signals and possible agendas
Market pages and aggregator ratings reflect different methodologies—company disclosures and broker notes tend to highlight assets and progress to attract investors, while independent aggregators apply model assumptions that can produce divergent “fair value” indications; readers should note that corporate releases (used by BusinessDesk/NZX feeds and broker pages) can carry an implicit agenda to present projects optimistically, and analyst coverage may be influenced by differing coverage models or client relationships, so contrasting sources is necessary [9] [10] [5].
7. Practical next steps for a researcher or investor
To move beyond headline facts, consult the company’s NZX/ASX lodgements and full annual or quarterly reports for audited financials and technical reports on Bendigo‑Ophir and other projects, cross‑check recent RNS/ASX/NZX announcements for drilling results and capital‑raising history, and review independent technical/resource statements and broker research to reconcile conflicting valuations; the sources here establish where to look but do not substitute for those primary documents [1] [2] [3].