Stock data
| Market cap. | £4m |
| Last close | 0.56p |
| High / Low (52 weeks) | 2.5p / 0.6p |
| Stock market listing | AIM |
| Forecast net debt (£m) | 1.9 |
| Forecast gearing ratio (%) | 14 |
| Team | Resources - Mining |
| Sector | Mining |
Price performance
| % | 1m | 3m | 12m |
|---|---|---|---|
| Actual | (34.32) | (49.77) | (65.31) |
| Relative * | (31.09) | (45.65) | (61.88) |
* % Relative to local index
Other companies covered in sector
| Y/E Sep | Revenue (£m) | EBITDA (£m) | PBT (£m) | EPS (p) | P/E (x) | P/CF (x) |
|---|---|---|---|---|---|---|
| 2010A | 4.8 | (1.7) | (2.2) | (1.0) | N/A | N/A |
| 2011A | 5.0 | (2.3) | (2.7) | (0.5) | N/A | N/A |
| 2012E | 4.9 | (2.0) | (2.4) | (0.4) | N/A | N/A |
| 2013E | 5.1 | (2.0) | (2.3) | (0.3) | N/A | 3.7 |
Last updated on 19/04/2012
Latest research
Increased gold potential
Update | Mining | 04/10/2011
Phase 1 completed
Update | Mining | 01/12/2010
Argentinean acquisition
Update | Mining | 08/10/2010
A new beginning
Outlook | Mining | 29/09/2010
Quarterly update
Review | Mining | 14/08/2008
Not a start-up anymore
Update | Mining | 27/02/2008
Production begins
Flash note | Mining | 01/10/2007
Emerging gold producer
Outlook | Mining | 18/04/2007
Moving ahead
Quarterly Update - Fundrasing | Mining | 14/06/2006
Golden prospects
Outlook | Mining | 02/12/2005
Outlook | ECR Minerals | 08/07/2005
Investment summary
Drilling continues on the El Abra prospect, Sierra de las Minas, Argentina, with over 650m complete from an anticipated 1,000m drill program. With eight of 12 drill holes now complete, initial results are expected to come through in the coming weeks. While surface geochemical sampling of vein material in January and February returned grades as high as 18.7g/t, underground sampling from historic workings has been delayed owing to safe access.
Last updated on 23/04/2012
Industry outlook
THEMAC resources, in which ECR holds a fully-diluted 21% interest, has announced potential for improved project economics at its Copper Flat project, New Mexico. Revised estimates forecast an increase in milling rate to 25,000 short tonnes per day (tpd) from 17,500tpd while retaining the same mill footprint and utilizing existing foundations. Furthermore, "the results of ongoing metallurgical testwork suggest that mill recoveries for copper and silver can be increased above historical levels, which exceed 90%, and that gold and molybdenum recoveries can also be improved".
Last updated on 23/04/2012
Key management
| Michael Silver, Chairman |
| Patrick Harford, MD |
| Stephen Clayson, CFO |
Company address
| Peek House 3rd Floor, 20 Eastcheap London EC3M 1EB United Kingdom +44 (0)20 7929 1010 View website |
