On 12 October 2018, Aurelia Minerals Ltd (ASX: AMI) released its September quarter’s operations update. Following which, the share price of the company decreased by 14.379 percent as on 12 October 2018.
In September quarter of 2018, the company’s gold production is 35,499 oz out of which Hera contributed 13,746 oz of gold and Peak contributed 21,753 oz of gold. The September quarter’s gold production is substantially less than the 54,746 oz of June quarter. The Peak gold production was lower than the last quarter, however, the Hera gold production was strong with 129,338 tonnes processed for the quarter. The North Pod will be in full production by the December quarter of 2018. To improve productivity and cost, the company has decided to implement contract mining at Peak which is expected to happen during the December quarter of 2018. The Pre-feasibility Study for the Nymagee project is due for completion in June 2019 and it requires an additional drilling at Nymagee to provide fresh material for comminution and flotation testing.
11 new drill holes which include 3 wedges and 8 parent holes were completed recently and these holes were designed to return various copper and lead/zinc mineralization styles in different grade ranges. Selected intervals from all 11 drill holes have been transmitted to ALS Metallurgy in Perth for the next stage of the PFS. Metallurgical test work will examine several processing options to maximize the value from the polymetallic mineralization.
The company’s net profit after tax increased by 431 percent to $99.1 million as compared to $19.3 million in the previous year. The company’s Sales revenue increased by 127 percent to $248.6 million as compared to previous year and it was derived from approximately 70 percent of gold sales and 30 percent copper, lead, zinc, and silver sales. Hera contributed $155.8 million and Peak contributed $92.8 million in the total revenue of the company. The EBITDA of the company increased by 182 percent to $137 million in FY 2018. The Earning per share of the company increased by 223 percent to 15.5 cents in FY 2018 as compared to the EPS of last year. The Company’s depreciation and amortization expense increased to $36.6 million in FY 2018 due to increased asset base and higher production. The net operating cash flow of the company increased by 229 percent from $46.12 million in FY 2017 to $151.75 million in FY 2018. Due to $23.2 million expenditure on mine development and $6.9 million on property, plant, and equipment, the capital expenditure of the company increased to $30.1 million in FY 2018.
In the past three-six months, the share price of the company increased by 39.09 percent as on 11 October 2018. AMI’s shares traded at $0.655 with a market capitalization of circa $662.4 million as on 12 October 2018 (AEST 4:00 PM).
The Income available from dividends remains attractive for many investors.
We take a look at the best yields on the market and assess what they say about a company’s prospect.
One Thing is certain, though, Australia interest rates are still low, making income difficult to come by and keeping the focus for many investors on high yielding stocks. Kalkine’s team of analysts bought you handpicked report for “Top 25 Dividend Stocks For 2018.”
ASX-relevant Special Reports are published year-round to provide a detailed analysis into an investing opportunity or a potential risk to your portfolio.
Click here to get your free report.
The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. Kalkinemedia.com and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.
As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.