Aurelia Minerals Ltd (ASX: AMI), a gold and base metal mining and exploration company from the metals and mining sector, is trading at A$0.800 on ASX. Since its inception, the stock has given a positive performance of 840.03%. The stock has consistently given a positive performance over last one year at 102.53%. The stock has generated a positive YTD return of 18.52% till date to its investors.
On 7 February 2019, the company announced that Commonwealth Bank of Australia is the substantial holder of the company effective 6 February 2019, holding 43,396,107 fully Paid ordinary shares of the company. With this, CBA has the voting power of 5%.
On 22 January 2019, in the general investor presentation of AMI, the Managing director and CEO of Aurelia Minerals Ltd highlighted that its Hera-Nymagee project operated at 480ktpa with improved recoveries in the December quarter (ended on 31 December 2018) by 91.2% as compared to the 90.3% in the previous quarter.
The quarterly gold production of the group was reported at 35,834 oz at an AISC of $732/oz as well as an AIC of $825/oz.
At Peak mines, the total gold production was 19,610 oz at AISC of $917/oz and the Hera Mine reported 16,224 oz at AISC of $425/oz
The company generated a sales revenue of $87 million which was up by $7 million as compared to the previous corresponding period. Out of the total revenue generated, 62% revenue was through the precious metals and 38% through base metals.
The net operating cash inflow for the group was $31 million. Out of these revenues, $12 million of revenue was generated through Peak Mines and $19 million through the Hera-Nymagee project. There was also an increase in the net cash balance by $25 million. The cash position of AMI by the end of December quarter on 31 December 2018 was $107.9 million with no debt.
During the quarter, AMI took the advantage of increased AUD gold price and it took a forward hedge position as at 31 December 2018 totaling 77,000 oz at an average price of A$1,746/oz.
On 27 December 2018, the company announced that they are moving to contract mining at the Peak Mines. The company also made progress on the longer-term growth project at Peak Mines followed by plant upgradation.
The exploration drilling continued at the Dominion which gave a positive result and also led to the new discovery. The upper North Pod results confirmed the existence of very high-grade base metal as well as low grades of gold.
On 18 December 2018, Aurelia Minerals Ltd appointed Mr Paul Harris an independent non-executive director. Mr Paul Harris has done a master’s degree in mining engineering with 26 years’ experience in the financial markets as well as investment banking.
By the closure of the trading session on 12 February 2019, the closing price of the stock was A$0.800 which was 0.015 points less than its previous trading day’s closing price. The stock is currently trading at AUD 0.800 (as at 1:29 PM AEST, 13 February 2019) with a market capitalization of A$694.3 million and approximately 867.88 million outstanding shares.
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