Horizon Gold Ltd HZGLF
HZGLF Shariah Compliance
Screening Methodology: AAOIFI
As of August 2026, Horizon Gold Ltd is classified as doubtful.
DOUBTFUL
Report Source: undefined Quarter Report
Horizon Gold Ltd. Stock Analysis HZGLF
United States Materials Micro Cap Horizon Gold Ltd. engages in the provision of mining and exploration business. The firm is focused on its exploration and development activities at the Gum Creek Gold Project located in the Mid-West Region of Western Australia. The Gum Creek Gold Project covers approximately 663 square kilometers and hosts a gold resource of 44.45 million tons. The project is located approximately 640km north-east of Perth, and 90km from the nearest town of Sandstone, within a gold region that hosts deposits including Big Bell, Wiluna, Mt Magnet, Meekatharra and Agnew/Lawlers. Its exploration includes Swan and Swift Mineralized Trends, Kingfisher deposit, Wilsons gold deposit, Howards deposit, Omega North, Omega South and Psi deposits, Heron South deposit, Specimen Well gold deposit, and Altair Copper-Zinc Prospects. The Swan Mineral Resource is located in the main historic mining area approximately 700 meters (m) from the historic Gidgee mill.
Horizon Gold Ltd (HZGLF) Chart
Financial Metrics & Statements of Horizon Gold Ltd (HZGLF)
FAQ's for Horizon Gold Ltd (HZGLF)
- As of August 2026, Horizon Gold Ltd HZGLF is classified as doubtful according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
- A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Horizon Gold Ltd using these criteria to determine its compliance status.
- Muslim investors may consider investing in Horizon Gold Ltd if it meets Shariah compliance standards. Investors typically review the company’s business activities, debt levels, and non-permissible income before making a decision.
- Musaffa determines the Shariah status of Horizon Gold Ltd by analyzing whether the company’s core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.
- The Shariah compliance status of Horizon Gold Ltd may be updated periodically when new financial statements, earnings reports, or business activity information become available.
- Yes. A stock that is currently Shariah-compliant may become non-compliant if the company’s financial ratios exceed Shariah thresholds or its business activities change.
- You can check the latest Shariah compliance status of Horizon Gold Ltd on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
Alternate Halal Stocks for Horizon Gold Ltd (HZGLF)
Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.
