Stock data
| Market cap. | £68.7m |
| Last close | 45.25p |
| High / Low (52 weeks) | 84.5p / 45.2p |
| Stock market listing | AIM, BVL, TSX |
| Forecast net cash (US$m) | 5.5 |
| Forecast gearing ratio (%) | N/A |
| Team | Resources - Mining |
| Sector | Mining |
Price performance
| % | 1m | 3m | 12m |
|---|---|---|---|
| Actual | (28.17) | (36.27) | (41.8) |
| Relative * | (24.65) | (31.03) | (36.04) |
* % Relative to local index
Other companies covered in sector
| Y/E Dec | Revenue (US$m) | EBITDA (US$m) | PBT (US$m) | EPS (fd) (c) | P/E (x) | P/CF (x) |
|---|---|---|---|---|---|---|
| 2010A | 41.1 | 10.0 | 9.4 | 5.2 | 14.0 | 7.1 |
| 2011A | 53.0 | 17.0 | 16.7 | 8.1 | 9.0 | 4.2 |
| 2012E | 43.0 | 10.3 | 10.4 | 5.6 | 13.0 | 5.1 |
| 2013E | 27.7 | (2.2) | (2.1) | (1.7) | N/A | 18.5 |
Last updated on 19/04/2012
Latest research
31% q-o-q EPS growth
Update | Mining | 16/11/2011
Strong golden pipeline
Outlook | Mining | 23/09/2011
Investment summary
Minera IRL recently released its FY11 results stating record revenues of US$53.0m based on 33,718oz of gold sold at an average price of US$1,570/oz and with averaged cash costs of US$410/oz. The company also spent US$35.7m on development and exploration during 2011 and had a cash balance of US$11m at the end of the year. Excavation continues on the Ollachea project in Peru, where an exploration tunnel will provide access to the Minapampa orebody. Minera has completed a feasibility study on the Don Nicolas project and the company is working on the environmental impact assessment. Required permits are anticipated to be in place during H212 and production is forecast to start late in 2013.
Last updated on 23/04/2012
Industry outlook
While our long-term price for gold remains conservative at US$1,350/oz, in the short to medium term, we perceive the opportunity to be to the upside.
Last updated on 23/04/2012
Key management
| Courtney Chamberlain, Chairman & CEO |
| Tim Miller, CFO |
Company address
| Ordnance House 31 Pier Road St Helier JE4 8PW, C United Kingdom View website |
