Stock data
| Market cap. | C$57.5m |
| Last close | C$0.30 |
| High / Low (52 weeks) | C$0.6 / C$0.3 |
| Stock market listing | TSX |
| Forecast net cash (US$m) | 8.6 |
| Forecast gearing ratio (%) | N/A |
| Team | Resources - Mining |
| Sector | Mining |
Price performance
| % | 1m | 3m | 12m |
|---|---|---|---|
| Actual | (15.49) | (42.31) | (40) |
| Relative * | (10.18) | (36.4) | (29.06) |
* % Relative to local index
Other companies covered in sector
| Y/E Dec | Revenue (US$m) | EBITDA (US$m) | PBT (US$m) | EPS (c) | P/E (x) | P/CF (x) |
|---|---|---|---|---|---|---|
| 2010A | 13.7 | 0.0 | (2.4) | (2.5) | N/A | N/A |
| 2011A | 14.7 | (0.7) | (2.6) | (1.8) | N/A | N/A |
| 2012E | 8.7 | (2.0) | (3.5) | (1.8) | N/A | N/A |
| 2013E | 2.0 | (0.6) | (0.6) | (0.3) | N/A | 67.5 |
Last updated on 17/04/2012
Latest research
IAMGOLD'S new interest
Outlook | Mining | 21/06/2011
Golden upside
QuickView | Mining | 22/02/2011
Investment summary
Avnel Gold Mining's JV partner IAMGOLD approved the exploration budget of US$19m for 2012 last month. US$12.5m is to be spent on the Kalana project and permit, with the rest on the Fougadian permit. This proposed budget for Kalana now equates to US$32m of total spend on the project, well in excess of the minimum spend JV arrangement of US$11m. This year's budget is to be spent on a further 60,000m of drilling, with over 93,000m completed to date. With a NI 43-101 resource study planned for Q312, management suggests a resource delineation of 2-3Moz as a realistic target. Expected depth of the pit would be c 150m, with two-thirds of the ore body in the first 120m, one-third to 150m and c 3g/tonne to the mill.
Last updated on 23/04/2012
Industry outlook
Avnel Gold has seen a recovery in its share price from earlier this month when the recent coup in Mali saw it plumb 29p/share. It has since recovered to 36p/share with resolution of the matter.
Last updated on 23/04/2012
Key management
| Howard B. Miller, Chairman & CEO |
Company address
| Carey Olsen, Elizabeth House Les Ruettes Brayes St. Peter Port, Guernsey Channel Islands GY1 4LX United Kingdom View website |
