Array
(
[date_] => 2021-04-21T10:29:04+00:00
[date] => 2021-03-17T16:29:30+00:00
[company] => Auriant Mining
[type] => Update
[headline] => Making a virtue of dependability
[description] => Excluding a write-off of stripping assets and a $0.5m loss on foreign exchange, Q420 pre-tax profits were within 3% of Edison’s prior forecast (see Exhibit 2), despite the company selling c 23.9kg (768oz) less gold than it produced (Edison estimate). This had the effect of depressing revenue by c $1.44m. Nevertheless, for the full year, the transformation in Auriant’s financial fortunes as a result of its development of a CIL plant in place of the former heap leach operation is readily apparent, with a loss after tax of $1.2m in FY19 reversing to become a profit after tax of $10.7m. Similarly, EBITDA for the full year increased by a factor of four compared to FY19, while cash flows from operations increased threefold.
[url] => https://www.edisoninvestmentresearch.com/research/report/auriant-mining476139/preview/1064/widget-xml
[filename] => SE0001337213Auriant Mining170321update.pdf
[isin] => SE0001337213
[epic] => AUR
)
