Black Horse Mining (FRA:O3X) Total Operating Expense: €3.54 Mil (TTM As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:O3X Black Horse Mining Ltd FRA:O3X
16 GF Score
Price €0.11
View Full Analysis

What is Black Horse Mining Total Operating Expense?

Black Horse Mining FRA:O3X -3.15% 16 Total Operating Expense is €3.54 Mil as of Jun. 2026. GuruFocus rates FRA:O3X with a GF Score™ of 16/100.

Black Horse Mining's Total Operating Expense for the six months ended in Jun. 2026 was €0.82 Mil. Black Horse Mining's Total Operating Expense for the trailing twelve months (TTM) ended in Jun. 2026 was €3.54 Mil.

Black Horse Mining Total Operating Expense Related Terms

Black Horse Mining Total Operating Expense Historical Data

* Premium members only.

The historical data trend for Black Horse Mining's Total Operating Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Black Horse Mining Total Operating Expense Chart

Black Horse Mining Annual Data
Trend Jun26
Total Operating Expense
3.74

Black Horse Mining Semi-Annual Data
Dec25 Jun26
Total Operating Expense 2.72 0.82
FRA:O3X
16GF Score
Black Horse Mining Ltd FRA:O3X
Total Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Black Horse Mining Total Operating Expense Calculation

Total Operating Expense is the primary recurring expense associated with central operations that are incurred in order to generate sales.


Total Operating Expense for the trailing twelve months (TTM) ended in Jun. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was €3.54 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Total Operating Expense of €3.54 Mil mean?
Black Horse Mining (FRA:O3X) has a Total Operating Expense of €3.54 Mil as of Jun. 2026. Total operating expense is the primary recurring expense associated with central operations. View historical data on Black Horse Mining and its competitors.
Is Black Horse Mining's Total Operating Expense too high?
Black Horse Mining's current Total Operating Expense is €3.54 Mil. Overall, Black Horse Mining has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Black Horse Mining's Total Operating Expense compare to NEM and AU?
Black Horse Mining's Total Operating Expense of €3.54 Mil can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Operating Expense for a Metals & Mining company?
A good Total Operating Expense depends on the Metals & Mining industry context. However, Total Operating Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Operating Expense mean?
A high Total Operating Expense can signal that a stock is expensive relative to its fundamentals. Total operating expense is the primary recurring expense associated with central operations. View historical data on Black Horse Mining and its competitors. Black Horse Mining's current Total Operating Expense is €3.54 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Black Horse Mining stock overvalued right now?
Black Horse Mining (FRA:O3X) has a current Total Operating Expense of €3.54 Mil. The current Total Operating Expense is €3.54 Mil. Black Horse Mining's overall GF Score™ is 16/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Operating Expense calculated?
Total Operating Expense is calculated from a company's financial statements. For Black Horse Mining (FRA:O3X), the current Total Operating Expense is €3.54 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Black Horse Mining Business Description

Other Exchanges BHL:Australia
Address 8/110 Hay Street, Suite 8, Subiaco, WA, AUS, 6008
Black Horse Mining Ltd is a mineral exploration and development company focused on the acquisition, exploration, and development of gold projects, including the historic Mt Egerton gold mine in Central Victoria, Australia.
16GF Score

Get the complete analysis for FRA:O3X

Total Operating Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€0.11
Price