Latest news with #CapricornMetals
News.com.au
04-07-2025
- Business
- News.com.au
Monsters of Rock: Which miners are running hot in the early going?
Early updates from the ASX trenches have landed ahead of reporting season FY25 production numbers are starting to flow through from gold and uranium miners We check out the numbers and some analysts' commentary from early figures at CMM, VAU, BOE and EMR Reporting season is on the horizon, the first look at the numbers spewing forth from ASX-listed miners since April barring the handful who report on unconventional timeframes. There are plenty of benefits to doing this now. Number 1, reportin' season can be pretty crowded. An early release can get production numbers a bit of airtime with investors. Then there's ensuring you're keeping up with your reporting obligations – if something goes wildly better or worse than guided you don't want to be accused of hiding things from the market. An early release of some not-so-great results can dull the pain and clear the air for director commentary when the final results are released as well. Let's unpack the trickle of producers who have put their foot in the door early. Capricorn Metals (ASX:CMM) CMM on Friday announced 32,216oz of gold production for the June quarter, taking its FY25 output to 117,076oz. That's the upper half of its 110,000-120,000oz guidance range for the Karlawinda mine in the Pilbara, with all in sustaining costs also projected within guidance of $1370-1470/oz, almost $4000/oz below the prevailing gold price. Some serious cash being spat out then – $62.5m for the quarter – though a lot of that was sucked up by capex. The Mt Gibson gold project is being developed, with $10.8m going to capex there and at the expansion of Karlawinda (most at Karlawinda), with $50m spent closing out the CMM hedge book and another $50m of debt repaid. That includes the completion of a 400-room accommodation village at Mt Gibson ahead of the start of construction and a 120-room expansion at Karlawinda to allow construction workers in for the expansion project there. CMM closed with cash and bullion of $356m, 12% down quarter on quarter. Vault Minerals (ASX:VAU) Vault churned 96,000oz of gold out at its King of the Hills, Mount Monger and Deflector gold mines, pumping out ~385,000oz for the year, a touch shy of its 390-410,000oz guidance range. Consensus estimates had clocked in at 390,000oz. For the June quarter, Vault was 5% below consensus though 7% up in gold output QoQ. KoTH delivered 194,000oz for the full year, falling shy of its full year sales guidance of 210-230,000oz. VAU still generated a healthy $61m in cash flow for the June quarter, up from $49m in March, but was hampered by a hedge book that saw 31,700oz delivered at $2781/oz, well below current spot prices. Canaccord's Tim McCormack had estimated gold sales around 8500oz higher for the quarter, which would have translated to ~$41m, according to the analyst's estimated average spot gold price of $4852/oz. Analysts will be looking out for costs and potentially FY26 guidance in Vault's full June quarter results later this month. The company is sitting on $686m in cash and bullion. RBC analyst Alex Barkley said that was $51m shy of the bank's estimates, mainly because of $31m paid on stamp duty from the merger between Red 5 and Silver Lake that created the mid-tier gold miner. Full year cost guidance is $2250-2450/oz, with consensus estimating $2383/oz on higher than actualised gold production. While the Leonora production unit disappointed and Mount Monger at 82,900oz also fell shy of full year guidance (85,000-95,000oz), the Deflector mine near Yalgoo in WA's Mid West outperformed, selling 108,500oz against guidance of 95-105,000oz. Boss Energy (ASX:BOE) Uranium producer Boss Energy has already delivered the key milestone for its Honeymoon uranium mine very early, reporting mid-last month that its flagship South Australian operation had met first year production guidance of 850,000lb of drummed U3O8. Up to June 17, 328,102lb were drummed in the June quarter, an 11% increase on March two weeks out from the end of the period. Boss' quarterly report is due on July 28, when all important cost and construction updates and the final production and sales results from June will be released. The company claimed higher extraction rates at the Alta Mesa project held by US and Canadian listed enCore Energy at the tail-end of June. Boss owns 30% of the Texas project. It was trading down slightly on Friday after announcing the extension of a US$10.4m loan repayment date to December 27 and a new cash facility issued to enCore of US$3.6m. enCore has so far repaid US$11.9m including interest on the loan, which consisted of 200,000lb of uranium inventory valued at a spot price when the loan was agreed of US$100.54/lb or US$20.1m. 'Boss is pleased to support our JV partner with an extension to the Uranium Loan Agreement which will provide enCore with additional financial flexibility during the ramp up of Alta Mesa in order to meet its offtake obligations," Boss MD Duncan Craib told the market. Boss has first ranking security over Alta Mesa under the loan, and can elect to convert its debt into a controlling JV stake in the event of a default. Cambodian gold miner EMR flagged a 21,000oz rate for the June quarter in an update late last month, declaring it was on track to achieve FY25 guidance despite a weak end to the year. Accelerated earthworks and waste movements for a cutback at the Okvau mine were blamed, with costs anticipated at around US$1200/oz. That's still at the very low end of the industry, with EMR at least helping number crunchers out with some very early guidance numbers. It's tipping 25-30,000oz in each of the September and December quarters at costs of US$900-1000/oz, with FY26 guidance set at 105-125,000oz in line with life of mine costs of US$966/oz. The $2.6bn miner has set a path to becoming a 300,000oz producer within 18 months by developing an underground expansion at Okvau, a second Cambodian mine at Memot and a first Australian operation at Dingo Range in the Northern Goldfields. Gold production for June is set to come in around 27% below the 28,800oz tipped by analysts at Argonaut. But the broker maintained a buy rating and $6.70 price target, with feasibility studies for Dingo Range and Memot key catalysts. The ASX 300 Metals and Mining index rose 4.87% over the past week. Which ASX 300 Resources stocks have impressed and depressed? Making gains Coronado Global Resources (ASX:CRN) (coal) +25% Patriot Battery Metals (ASX:PMT) (lithium) +23.4% Mineral Resources (ASX:MIN) (lithium/iron ore) +18.2% Pilbara Minerals (ASX:PLS) (lithium) +13.3% Eating losses Lynas (ASX:LYC) (rare earths) -11.3% Ramelius Resources (ASX:RMS) (gold) -5.5% Ora Banda (ASX:OBM) (gold) -5.4%% Capricorn Metals (ASX:CMM) (gold) -4.8% A flirt with a price rebound had downtrodden lithium stocks running high, while Coronado rose sharply amid M&A rumours for the struggling coal miner, which at $261m is trading at a market cap that's roughly a third of the $774m raised in its 2018 IPO. Lynas continues to cop sell ratings from analysts, with Bell Potter reaffirming its concerns about valuation at the rare earths producer. Macquarie warned on the overly optimistic NdPr price assumed in the company's market cap last week. Meanwhile, a volatile week for gold prices saw some selling in precious metals stocks.
Yahoo
02-06-2025
- Business
- Yahoo
Capricorn Metals Ltd's (ASX:CMM) Stock's On An Uptrend: Are Strong Financials Guiding The Market?
Most readers would already be aware that Capricorn Metals' (ASX:CMM) stock increased significantly by 27% over the past three months. Given that the market rewards strong financials in the long-term, we wonder if that is the case in this instance. Specifically, we decided to study Capricorn Metals' ROE in this article. Return on equity or ROE is an important factor to be considered by a shareholder because it tells them how effectively their capital is being reinvested. In simpler terms, it measures the profitability of a company in relation to shareholder's equity. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. ROE can be calculated by using the formula: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for Capricorn Metals is: 14% = AU$76m ÷ AU$535m (Based on the trailing twelve months to December 2024). The 'return' is the profit over the last twelve months. Another way to think of that is that for every A$1 worth of equity, the company was able to earn A$0.14 in profit. View our latest analysis for Capricorn Metals Thus far, we have learned that ROE measures how efficiently a company is generating its profits. Based on how much of its profits the company chooses to reinvest or "retain", we are then able to evaluate a company's future ability to generate profits. Assuming all else is equal, companies that have both a higher return on equity and higher profit retention are usually the ones that have a higher growth rate when compared to companies that don't have the same features. To start with, Capricorn Metals' ROE looks acceptable. Further, the company's ROE compares quite favorably to the industry average of 11%. This probably laid the ground for Capricorn Metals' significant 47% net income growth seen over the past five years. We reckon that there could also be other factors at play here. Such as - high earnings retention or an efficient management in place. As a next step, we compared Capricorn Metals' net income growth with the industry, and pleasingly, we found that the growth seen by the company is higher than the average industry growth of 20%. The basis for attaching value to a company is, to a great extent, tied to its earnings growth. What investors need to determine next is if the expected earnings growth, or the lack of it, is already built into the share price. This then helps them determine if the stock is placed for a bright or bleak future. What is CMM worth today? The intrinsic value infographic in our free research report helps visualize whether CMM is currently mispriced by the market. Given that Capricorn Metals doesn't pay any regular dividends to its shareholders, we infer that the company has been reinvesting all of its profits to grow its business. On the whole, we feel that Capricorn Metals' performance has been quite good. In particular, it's great to see that the company is investing heavily into its business and along with a high rate of return, that has resulted in a sizeable growth in its earnings. That being so, a study of the latest analyst forecasts show that the company is expected to see a slowdown in its future earnings growth. To know more about the latest analysts predictions for the company, check out this visualization of analyst forecasts for the company. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
02-06-2025
- Business
- Yahoo
Capricorn Metals Ltd's (ASX:CMM) Stock's On An Uptrend: Are Strong Financials Guiding The Market?
Most readers would already be aware that Capricorn Metals' (ASX:CMM) stock increased significantly by 27% over the past three months. Given that the market rewards strong financials in the long-term, we wonder if that is the case in this instance. Specifically, we decided to study Capricorn Metals' ROE in this article. Return on equity or ROE is an important factor to be considered by a shareholder because it tells them how effectively their capital is being reinvested. In simpler terms, it measures the profitability of a company in relation to shareholder's equity. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. ROE can be calculated by using the formula: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for Capricorn Metals is: 14% = AU$76m ÷ AU$535m (Based on the trailing twelve months to December 2024). The 'return' is the profit over the last twelve months. Another way to think of that is that for every A$1 worth of equity, the company was able to earn A$0.14 in profit. View our latest analysis for Capricorn Metals Thus far, we have learned that ROE measures how efficiently a company is generating its profits. Based on how much of its profits the company chooses to reinvest or "retain", we are then able to evaluate a company's future ability to generate profits. Assuming all else is equal, companies that have both a higher return on equity and higher profit retention are usually the ones that have a higher growth rate when compared to companies that don't have the same features. To start with, Capricorn Metals' ROE looks acceptable. Further, the company's ROE compares quite favorably to the industry average of 11%. This probably laid the ground for Capricorn Metals' significant 47% net income growth seen over the past five years. We reckon that there could also be other factors at play here. Such as - high earnings retention or an efficient management in place. As a next step, we compared Capricorn Metals' net income growth with the industry, and pleasingly, we found that the growth seen by the company is higher than the average industry growth of 20%. The basis for attaching value to a company is, to a great extent, tied to its earnings growth. What investors need to determine next is if the expected earnings growth, or the lack of it, is already built into the share price. This then helps them determine if the stock is placed for a bright or bleak future. What is CMM worth today? The intrinsic value infographic in our free research report helps visualize whether CMM is currently mispriced by the market. Given that Capricorn Metals doesn't pay any regular dividends to its shareholders, we infer that the company has been reinvesting all of its profits to grow its business. On the whole, we feel that Capricorn Metals' performance has been quite good. In particular, it's great to see that the company is investing heavily into its business and along with a high rate of return, that has resulted in a sizeable growth in its earnings. That being so, a study of the latest analyst forecasts show that the company is expected to see a slowdown in its future earnings growth. To know more about the latest analysts predictions for the company, check out this visualization of analyst forecasts for the company. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
AU Financial Review
15-05-2025
- Business
- AU Financial Review
Capricorn Metals boss quits after aggravated assault charge dropped
The chief executive of gold miner Capricorn Metals has quit despite a West Australian court's decision to dismiss a charge of aggravated assault against him. The ASX-listed miner said on Thursday that Paul Criddle would leave Capricorn immediately 'to allow him some time to focus on personal priorities'. Executive chairman Mark Clark will assume CEO responsibilities.
Yahoo
28-04-2025
- Business
- Yahoo
While shareholders of Capricorn Metals (ASX:CMM) are in the black over 5 years, those who bought a week ago aren't so fortunate
For many, the main point of investing in the stock market is to achieve spectacular returns. And highest quality companies can see their share prices grow by huge amounts. Just think about the savvy investors who held Capricorn Metals Ltd (ASX:CMM) shares for the last five years, while they gained 588%. And this is just one example of the epic gains achieved by some long term investors. On top of that, the share price is up 21% in about a quarter. Anyone who held for that rewarding ride would probably be keen to talk about it. While the stock has fallen 8.2% this week, it's worth focusing on the longer term and seeing if the stocks historical returns have been driven by the underlying fundamentals. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. During the five years of share price growth, Capricorn Metals moved from a loss to profitability. Sometimes, the start of profitability is a major inflection point that can signal fast earnings growth to come, which in turn justifies very strong share price gains. Given that the company made a profit three years ago, but not five years ago, it is worth looking at the share price returns over the last three years, too. We can see that the Capricorn Metals share price is up 124% in the last three years. Meanwhile, EPS is up 8.2% per year. This EPS growth is lower than the 31% average annual increase in the share price over three years. So it's fair to assume the market has a higher opinion of the business than it did three years ago. You can see below how EPS has changed over time (discover the exact values by clicking on the image). It's probably worth noting that the CEO is paid less than the median at similar sized companies. But while CEO remuneration is always worth checking, the really important question is whether the company can grow earnings going forward. Before buying or selling a stock, we always recommend a close examination of historic growth trends, available here.. It's nice to see that Capricorn Metals shareholders have received a total shareholder return of 82% over the last year. That gain is better than the annual TSR over five years, which is 47%. Therefore it seems like sentiment around the company has been positive lately. In the best case scenario, this may hint at some real business momentum, implying that now could be a great time to delve deeper. If you would like to research Capricorn Metals in more detail then you might want to take a look at whether insiders have been buying or selling shares in the company. Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of companies we expect will grow earnings. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Australian exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
