View Future GrowthNevada Copper 過去の業績過去 基準チェック /06Nevada Copperの収益は年間平均-53.6%の割合で減少していますが、 Metals and Mining業界の収益は年間 増加しています。収益は年間18.3% 33.7%割合で 増加しています。主要情報-53.59%収益成長率-21.13%EPS成長率Metals and Mining 業界の成長27.39%収益成長率33.73%株主資本利益率-17.76%ネット・マージン-510.66%前回の決算情報31 Mar 2024最近の業績更新Reported Earnings • Apr 03Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2023 results: US$0.056 loss per share (improved from US$0.74 loss in FY 2022). Net loss: US$60.9m (loss narrowed 83% from FY 2022). Revenue missed analyst estimates by 40%. Earnings per share (EPS) exceeded analyst estimates by 13%. Revenue is forecast to grow 46% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has fallen by 62% per year, which means it is performing significantly worse than earnings.Reported Earnings • May 12First quarter 2023 earnings released: US$0.049 loss per share (vs US$0.02 loss in 1Q 2022)First quarter 2023 results: US$0.049 loss per share (further deteriorated from US$0.02 loss in 1Q 2022). Net loss: US$35.4m (loss widened 301% from 1Q 2022). Revenue is forecast to grow 121% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 40% per year, which means it has not declined as severely as earnings.Reported Earnings • Mar 21Full year 2022 earnings released: US$0.74 loss per share (vs US$0.004 profit in FY 2021)Full year 2022 results: US$0.74 loss per share (down from US$0.004 profit in FY 2021). Net loss: US$357.9m (down US$358.8m from profit in FY 2021). Revenue is forecast to grow 102% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has fallen by 43% per year whereas the company’s share price has fallen by 40% per year.分析記事 • Aug 20Nevada Copper's (TSE:NCU) Shareholders May Want To Dig Deeper Than Statutory ProfitFollowing the solid earnings report from Nevada Copper Corp. ( TSE:NCU ), the market responded by bidding up the stock...Reported Earnings • Aug 13Second quarter 2022 earnings released: EPS: US$0.005 (vs US$0.08 loss in 2Q 2021)Second quarter 2022 results: EPS: US$0.005 (up from US$0.08 loss in 2Q 2021). Net income: US$2.32m (up US$16.4m from 2Q 2021). Over the next year, revenue is forecast to grow 2,211%, compared to a 16% growth forecast for the industry in Canada. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 55% per year, which means it is significantly lagging earnings.すべての更新を表示Recent updatesお知らせ • Aug 15TSX to Delist Nevada Copper Shares Effective August 21, 2024Nevada Copper Corp. announced that it and its subsidiaries (collectively, 'Nevada Copper' or the 'Company') have entered into an asset purchase agreement (the 'Stalking Horse APA') with Southwest Critical Materials LLC (the 'Buyer'), an affiliate of Kinterra Capital Corp., pursuant to which the Buyer has agreed to purchase substantially all of the assets of the Company. As previously announced, the Company was under delisting review by the Toronto Stock Exchange (the 'TSX') as a result of the Chapter 11 proceedings and its shares currently remain halted from trading on the TSX. The TSX has now completed its review and ordered that the Company's shares be delisted effective August 21, 2024.お知らせ • Jun 22Motion for Asset Sale Filed by Nevada Copper, Inc.Nevada Copper, Inc. filed a motion in the US Bankruptcy Court for the sale of substantially all its assets on June 20, 2024. The debtor seeks the Court’s approval for the sale of substantially all its assets to the stalking horse bidder. Stalking horse bidder shall be elected by debtor by no later than August 17, 2024. To qualify as a qualified bidder, interested parties should submit their bids by September 6, 2024, along with good-faith deposit in the amount 10% of the aggregate price. The debtor has scheduled an auction on September 10, 2024. The stalking horse bidder would be entitled to a break-up fee and expense reimbursement in case of termination of the asset purchase agreement. The sale hearing is scheduled for September 25, 2024. The sale closing shall occur on or before October 8, 2024.お知らせ • Jun 19+ 3 more updatesMotion for Joint Administration Approved for Nevada Copper, Inc.The US Bankruptcy Court granted an order for the joint administration of the Chapter 11 bankruptcy cases of Nevada Copper, Inc and its affiliates on June 18, 2024. The affiliates include Nevada Copper Corp., Lion Iron Corp., NC Farms LLC, and NC Ditch Company LLC. The cases would be jointly administered for administrative and procedural purposes. Nevada Copper, Inc. has been designated as the lead debtorお知らせ • Jun 10Nevada Copper, Inc. Filed for BankruptcyNevada Copper, Inc., along with its five affiliates, filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the District of Nevada on June 10, 2024. The debtor listed its assets in the range of $500 million to $1 billion and liabilities in the range of $100 million to $500 million. The debtor is represented by Ryan J. Works of McDonald Carano LLP and Allen Overy Shearman Sterling US LLP as its legal counsels. The debtor also hired AlixPartners, LLP as its financial and restructuring advisor, Torys LLP as its special Canadian and corporate counsel, Moelis & Company LLC as its financial advisor and investment banker, and Epiq Corporate Restructuring, LLC as notice, claims agent and administrative advisor.お知らせ • Jun 08Nevada Copper Corp. Announces Resignation of Guillaume de Dardel as DirectorNevada Copper Corp. announced that it has received a notice of resignation, effective June 6, 2024, from director Guillaume de Dardel who was a nominee of Mercuria Holdings (Singapore) Pte. Ltd.分析記事 • Jun 07We Think Shareholders Are Less Likely To Approve A Large Pay Rise For Nevada Copper Corp.'s (TSE:NCU) CEO For NowKey Insights Nevada Copper's Annual General Meeting to take place on 12th of June Total pay for CEO Randy Buffington...New Risk • Apr 16New major risk - Revenue and earnings growthEarnings have declined by 61% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (22% average weekly change). Earnings have declined by 61% per year over the past 5 years. Shareholders have been substantially diluted in the past year (98% increase in shares outstanding). Minor Risks Less than 1 year of cash runway based on current free cash flow (-US$121m). Revenue is less than US$5m (US$4.6m revenue).Reported Earnings • Apr 03Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2023 results: US$0.056 loss per share (improved from US$0.74 loss in FY 2022). Net loss: US$60.9m (loss narrowed 83% from FY 2022). Revenue missed analyst estimates by 40%. Earnings per share (EPS) exceeded analyst estimates by 13%. Revenue is forecast to grow 46% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has fallen by 62% per year, which means it is performing significantly worse than earnings.お知らせ • Mar 30Nevada Copper Corp., Annual General Meeting, Jun 12, 2024Nevada Copper Corp., Annual General Meeting, Jun 12, 2024.New Risk • Mar 20New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$125m free cash flow). Shareholders have been substantially diluted in the past year (98% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (CA$121.5m market cap, or US$89.6m).New Risk • Feb 10New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: CA$107.2m (US$79.7m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$125m free cash flow). Shareholders have been substantially diluted in the past year (98% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$107.2m market cap, or US$79.7m).お知らせ • Feb 08Nevada Copper Corp. Provides Pumpkin Hollow Operations UpdateNevada Copper Corp. provided updates on restart activities at its Pumpkin Hollow underground mine (the "Underground Mine"). U unexpected bottlenecks encountered in process plant systems are being mitigated. Third ore pass and temporary use of ore bin from new life-of-mine ("LOM") ore handling system provides material handling capacity to meet plan until underground crusher is installed. Paste plant fully commissioned. Life of Mine Infrastructure. In addition to the completion and commissioning of the Geho dewatering system and the second phase of the ore handling system, other LOM infrastructure improvements include the drilling of a new fuel delivery hole, drilling of a second paste hole that will provide LOM paste delivery for EN Zone stopes and improvements to the water infiltration system on surface to handle excess surge capacity. A scope of work is being issued to potential contractors for the final phase of the ore handling system., which includes installation and commissioning of the crushing system.お知らせ • Nov 15+ 1 more updateNevada Copper Corp. Appoints Anna Ladd-Kruger to the Board of DirectorsNevada Copper Corp. appointed Anna Ladd-Kruger to the Board of Directors of the company, effective November 20, 2023. Ms. Ladd-Kruger has over 25 years of industry experience, progressing her career through financial and operational leadership roles at several Canadian publicly listed mining companies. She has experience in various stages of the mining process from exploration to multi-jurisdictional operations. Prior to retiring in 2022, Ms. Ladd-Kruger was the Chief Financial Officer (CFO) of McEwen Mining Inc. where she was brought in to lead financial and operational turnaround strategies and was key to the McEwen Copper spin-out, including serving as its CFO and director. Ms. Ladd-Kruger previously served as the CFO and VP Corporate Development for a number of mining companies and began her career working at Vale S.A.'s Thompson and Sudbury Canadian operations before joining Kinross Gold Corporation as their North American Group Controller. Ms. Ladd-Kruger holds both a CPA and CMA designation, a Master’s of Economics from Queen’s University and a Bachelor of Commerce from the University of British Columbia. She also holds the Canadian Institute of Corporate Directors designation (ICD.D). Ms. Ladd-Kruger expected to join the Independent Committee and replace Mr. Lucio Genovese as Chairman of the Audit Committee. Mr. Genovese has indicated that he will step down from the Board of Directors effective November 20, 2023. Mr. Genovese has been a key member of the Board since May 2016.お知らせ • Oct 05Nevada Copper Corp. Announces Resumption of Ore Processing Operations At Pumpkin HollowNevada Copper Corp. announced that it has restarted processing operations at its Pumpkin Hollow underground mine with the first ore being fed to the mill. Successful mill restart; processing operations recommenced at an initial feed rate to the mills of 3,000 tons per day (tpd) to allow for the process team to optimize reagent addition and establish and reinforce operating procedures and ensure consistent operations. The mill is being recommissioned on lower grade ore stockpiles and will transition to a combination of mined stope ore and stockpiled ore. By mid-October, throughput is planned to be increased steadily towards a goal of achieving steady state operations of 4,500-5,000 tpd by the end of 2023. Once steady-state operations are achieved, the Company may consider relatively simple optimization opportunities in 2024 to increase mill throughput potential beyond 5,000 tpd. Dike 3 crossing completed; the third dike crossing was completed in September, clearing the way for planned 2024 stope development. Continued development beyond the dike is to ultimately provide a full ventilation circuit for the Lower East North stoping areas, but it also provides additional headings for the development contractor to open targeted 2024 stopes. Rock conditions beyond the dike continue to be as predicted by the geotechnical model. Paste plant commissioned and first stope back filled; the initial stope in the 2023 mining sequence was mined in July and August with 9,000 tons of ore extracted in the Sugarcube area of the East South (ES) Zone. Stope back filling activities began in September and a full stope was backfilled, completing successful testing of both the surface paste plant and the underground paste delivery system. This Sugarcube stope is part of the ES Zone planned stopes and ground conditions encountered during mining were conducive to a successful paste back fill. Drilling and blasting on the next planned stope in the Alphabet area of the ES Zone is in progress and is expected to yield 20,000 tons of ore by the end of October. Remaining capital projects progressing; work on the underground crusher and ore handling system is progressing. The Geho dewatering system is mechanically complete with electrical and piping installation in process and expected to be completed and commissioned by the end of October 2023. Geho Pumps installed and mechanically complete. Grizzly installation and truck ore loading pocket foundation pours. Regional drilling program commences; one reverse circulation drill is planned to be on site starting the week of October 2, 2023. The primary goal of the 5,000-foot drill program is to follow-up on the recent results and historic sampling that are discussed in the Nevada Copper news release dated July 26, 2023. The Copper Ridge and Dimples target areas are outside of the current mineral resources and have the potential to establish additional mineral resources within the Pumpkin Hollow property. Workforce growing at a rapid pace; the Nevada Copper workforce has more than doubled to over 200 employees over the last year with the most significant additions in technical roles as well as mining and process teams.お知らせ • Sep 06Nevada Copper Corp. Appoints Dr. Elaine Dorward-King to Board of DirectorsNevada Copper Corp. announced the appointment of Dr. Elaine Dorward-King to the Board of Directors of Nevada Copper effective September 1, 2023. Dr. Dorward-King brings over 30 years of experience, primarily developed in international mining companies including Newmont Mining Corp., Rio Tinto and Kennecott Utah Copper Corporation. Prior to retiring in 2019, she served as Newmont’s Executive Vice President of Sustainability and External Relations, driving Social and Governance strategies across the global organization. Prior to that she held various leadership roles focused on environmental and sustainability programs for companies in the mining, environmental and chemical sectors. She is currently a director of NovaGold Resources Inc., Sibanye-Stillwater Limited, and Kenmare Resources plc. Dr. Dorward-King has a B.A. from Maryville College and a Ph.D. in Analytical Chemistry from Colorado State University.New Risk • Aug 17New major risk - Revenue and earnings growthEarnings have declined by 74% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$115m free cash flow). Earnings have declined by 74% per year over the past 5 years. Shareholders have been substantially diluted in the past year (201% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Share price has been volatile over the past 3 months (13% average weekly change).お知らせ • Aug 12+ 1 more updateNevada Copper Corp. Reiterates Production Guidance for the Year 2023Nevada Copper Corp. reiterated production guidance for the year 2023. For the year, the company reiterates its outlook with the principal objective of achieving nameplate milling throughput of 5,000 tons per day ("tpd") by the end of the year and all critical underground infrastructure complete and sufficient advance development to support sustained operations. With the vent shaft project complete, underground lateral development continues to ramp-up as SMD increases staffing levels to meet development expectations. Lateral development over the second half of 2023 is planned to be 16,000 ft of combined primary and stope development. Commissioning of the underground crush and convey system is now scheduled for late October 2023 reflecting delays in underground excavation. To support the start of stope mining by the Company in September, existing ore passes and the surface crusher are being utilized until commissioning of the underground crusher is complete. Mill restart is scheduled in September 2023 at an expected rate of approximately 3,500 tons per day. The mill and paste plant will be re-commissioned on low-grade stockpiled ore. Mill capacity and grade are expected to increase through the balance of 2023, however, milled grades will remain lower than average stope grades, as lower grade development ore constitutes a higher percentage of mill feed through these early commissioning months. The Company plans to truck its first concentrates in late September with first revenues expected in the fourth quarter.New Risk • Aug 12New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$115m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$115m free cash flow). Shareholders have been substantially diluted in the past year (200% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Share price has been volatile over the past 3 months (13% average weekly change).お知らせ • Jul 27Nevada Copper Corp. Provide an Update on its 2023 Regional and Underground Exploration Plans and Recent Exploration Results At its Approximate 36 Square Mile Pumpkin Hollow Property Located in Yerington, NVNevada Copper Corp. provided an update on its 2023 regional and underground exploration plans and recent exploration results at its approximate 36 square mile Pumpkin Hollow property located in Yerington, NV. The 2023 East North (EN) and East South (ES) underground drill program began in the first quarter of 2023 and is focused on stope definition drilling and near-mine resource expansion targets. Drilling is expected to continue in the ES and EN zone through the remainder of the year. The deposit remains open in all directions. The Pumpkin Hollow property has not been extensively explored in the past as the Company was focused on developing the known mineral resources, resulting in the development of the underground mine and advancement of the open pit project. Recent drone magnetic surveys have identified several high-quality targets of interest. Surface reconnaissance targeting these high-quality areas demonstrates that these targets have the potential to host additional independent mineralized systems, outside of the existing deposits. Nevada Copper has identified a new exploration target, the Dimples target, located just south of the proposed open pit area in the southern area of the property. Analysis of recent surface grab samples has returned encouraging results including gold values of up to 61 gpt gold (Au). A total of 55 grab samples have been collected in 2023 with 42 of those samples returning gold values greater than 0.1 gpt Au and 14 samples being greater than 1 gpt Au, in quartz rich veins within granodiorite porphyry. Higher-grade copper was identified in eleven samples, with values greater than 1.0% Cu. High-grade copper rich zones are found in the granodiorite porphyry veins as well as skarns within metavolcanics. The Mesozoic rocks in the area are dominated by granodiorite porphyries and metavolcanics. Surface sampling results from surface outcrops and prospect pits in the Copper Ridge area have indicated a potential for high-grade copper, highlighted by grades including 5.03% and 5.43% Cu. The Copper Ridge property is located north of the main Pumpkin Hollow property covered by 103 hectares through unpatented and patented claims. The target was mined for high-grade copper in the early 1900’s through several adits as well as a 122-meter inclined shaft. The 2023 program is designed to follow-up on historic reconnaissance work completed in the early 1990s by a major copper company and has the potential to provide additional high-grade feed for the existing underground mill. A total of 70 historic and new rock samples were collected to confirm and extend the known mineralization along the vein and dike structures in the Yerington Batholith granodiorites. Forty-four samples assayed greater than 0.1% copper.Follow-up trenching and a reverse circulation drill program are planned to further evaluate these high potential targets.Price Target Changed • Jul 14Price target decreased by 27% to CA$0.28Down from CA$0.38, the current price target is an average from 2 analysts. New target price is 53% above last closing price of CA$0.18. Stock is down 14% over the past year. The company is forecast to post a net loss per share of US$0.08 next year compared to a net loss per share of US$0.74 last year.New Risk • Jun 18New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (121% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Revenue is less than US$5m (US$4.0m revenue).Recent Insider Transactions • Jun 02Independent Director recently bought CA$100k worth of stockOn the 30th of May, G. Nutter bought around 370k shares on-market at roughly CA$0.27 per share. This transaction amounted to 77% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.お知らせ • Jun 01Nevada Copper Corp. has completed a Composite Units Offering.Nevada Copper Corp. has completed a Composite Units Offering. Security Name: Units Security Type: Equity/Derivative Unit Securities Offered: 173,705,000 Price\Range: CAD 0.27 Discount Per Security: CAD 0.00405Reported Earnings • May 12First quarter 2023 earnings released: US$0.049 loss per share (vs US$0.02 loss in 1Q 2022)First quarter 2023 results: US$0.049 loss per share (further deteriorated from US$0.02 loss in 1Q 2022). Net loss: US$35.4m (loss widened 301% from 1Q 2022). Revenue is forecast to grow 121% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 40% per year, which means it has not declined as severely as earnings.お知らせ • May 10Nevada Copper Corp. announced that it expects to receive $115 million in fundingNevada Copper Corp. announced that it will receive $115 million in a round of funding on May 9, 2023. The company will issue common shares in the transaction.Reported Earnings • Mar 21Full year 2022 earnings released: US$0.74 loss per share (vs US$0.004 profit in FY 2021)Full year 2022 results: US$0.74 loss per share (down from US$0.004 profit in FY 2021). Net loss: US$357.9m (down US$358.8m from profit in FY 2021). Revenue is forecast to grow 102% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has fallen by 43% per year whereas the company’s share price has fallen by 40% per year.お知らせ • Feb 15Nevada Copper Provides an Update on Restart and Operational Activities for Its Pumpkin Hollow Underground Copper MineNevada Copper provided an update on restart and operational activities for its Pumpkin Hollow underground copper mine. Further Details on Production Restart Underground Development Proceeding as Planned The Nevada Copper operations team continues to make rapid progress on all underground activities including mine development, hoisting, stope preparation, and underground projects. The historically reported dike crossings that provide initial stope top and bottom access into the EN Zone were fully established and completed in December 2022, and development is progressing toward stoping areas. Both key development drives that have crossed the dike have encountered ground conditions at or better than expectation, confirming the geotechnical model that predicted higher quality rock. Definition drilling of the initial stopes to feed the restart of milling operations in Third Quarter 2023 have been completed and assayed, and confirm rock quality, grade and geometry represented by the geologic and reserve models. Underground Development Contractor Update The Company has completed the bid process for the development mining contractor and is in the final stages of negotiations for a unit rate contract with an internationally recognized major mining services contractor. Key components of the development contract include: - 72,000 feet of lateral capital development over a 24-month contract period; - Delivery of full development stopes by Third Quarter 2023 to provide sufficient faces and stopes to restart and maintain nameplate milling operations (approximately 5,000 tpd); and - Nevada Copper's operating team will perform all stope mining starting in Third Quarter 2023. Critical Construction Projects Progressing The Company awarded Dumas Contracting USA Inc. ("Dumas") a $12 million construction contract to complete critical capital projects including the coarse ore bin and installation of an underground jaw crusher, permanent dewatering system, vent shaft stripping and surface fans. Dumas is a leading full-service underground mining contractor providing mine construction, development, production mining, mine services and engineering early-stage projects through well-established operating mines throughout the Americas. Vent Shaft Final stripping of the vent shaft commenced in January in preparation for connection of the surface fans, which are expected to be commissioned in early Second Quarter 2023. The stripping is planned to be completed ahead of development contractor mobilization and the vent shaft is expected to provide the necessary ventilation for the life of the mine. Ore Handling System The additional ore handling system allows for increased ore throughput rates to the shaft hoisting system, enabling operations to ultimately exceed nameplate production. Engineering for ore handling system has been completed, and all long-lead items are on-site including the jaw crusher. Excavation is underway and planning for the installation of the system has already commenced. Dewatering System The pumps for the permanent dewatering system are on site and ready for installation. Once installed, the additional pumps are expected to provide all dewatering requirements for the life of the mine. Regional Exploration Opportunities The Company has completed a thorough review of regional mapping for its Pumpkin Hollow land position and several high-quality targets of interest have been identified. Surface sampling results from the Copper Ridge area have indicated the high-grade potential, highlighted by grades including 5.03% and 5.43% copper that warrant additional investigation. In 2023, detailed mapping, interpretation of recent geophysical analysis and surface sampling are planned to follow-up on other identified high-potential targets on the Nevada Copper land position. The grades identified are conceptual in nature as there has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the delineation of a mineral resource. Grades were determined through third-party labs, as detailed below under Quality Assurance and Quality Control.お知らせ • Feb 14Nevada Copper Corp. Announces Resignation of Kate Southwell as Member of Board of Directors Effective February 28, 2023Nevada Copper Corp. announced that Ms. Kate Southwell will be stepping down as a member of the Board of Directors effective February 28, 2023 to pursue other career opportunities.お知らせ • Dec 31Nevada Copper Corp. announced that it has received $47.494368 million in funding from Pala Investments Limited, Mercuria Energy Canada Inc., Triple Flag Precious Metals Corp.On December 29, 2022, Nevada Copper Corp. closed the transaction. The company amended the terms of the transaction. The company raised $20 million in second tranche. The transaction included participation from Mercuria Energy Canada Inc. for $10 million for 63,411,540 common shares and Triple Flag Precious Metals Corp. for $10 million. The company has total raised $47.494368 million.Price Target Changed • Nov 16Price target increased to CA$0.50Up from CA$0.38, the current price target is an average from 2 analysts. New target price is 59% above last closing price of CA$0.32. Stock is down 57% over the past year. The company is forecast to post earnings per share of US$0.01 for next year compared to US$0.0041 last year.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Lead Director Tom Albanese was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Nov 15+ 1 more updateNevada Copper Appoints Gregory J. Martin as Chief Financial Officer, Effective November 21, 2022Nevada Copper announced the appointment of Mr. Greg Martin as Chief Financial Officer of the Company, effective November 21, 2022. In leading the Company's financial functions, Mr. Martin will be integral to building fiscal discipline and structures to support the restart and ramp-up of the Company’s underground mine. In addition, he will oversee concentrate marketing, and generally assist with leading the team through the restart and ramp-up process. Mr. Martin has nearly 30 years of experience in various financial and business development roles, primarily in the mining sector. He has held senior finance roles in several multi-national mining and mining-related companies including SSR Mining Inc. (where he was CFO from 2012 to 2021), NovaGold Resources Inc., Finning International Inc., Zincore Metals Inc. and Placer Dome Inc. He has a proven track record of providing leadership through company transitions, growth and development while implementing the fiscal discipline and structure to support sustainable operations. Mr. Martin is a Certified Professional Accountant (C.G.A.), holds an MBA from the University of Western Ontario and a Bachelor of Applied Science from the University of British Columbia.お知らせ • Nov 04Nevada Copper Corp. Announces the Addition of Guillaume De Dardel to Its Board of DirectorsGuillaume de Dardel, Head of Energy Transition Metals and part of the Energy Transition desk at Mercuria, will join the Board of Directors of the Company effective November 4, 2022. Mercuria is a significant shareholder in Nevada Copper. Mr. de Dardel studied in Sao Paulo and Switzerland and holds a BA HSG (magna cum laude) from the University of St. Gallen.お知らせ • Oct 29Nevada Copper Corp. Appoints Randy Buffington to Board of DirectorsNevada Copper Corp. announced the appointment of Randy Buffington, President and Chief Executive Officer, to the board of directors of Nevada Copper effective November 1, 2022. In addition, the Board expects to embark on a board renewal process to ensure the optimal balance of skills, experience and attributes are represented at the board level as required in the context of the Company's business priorities.Major Estimate Revision • Oct 27Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast fell from US$130.7m to US$19.0m. EPS estimate unchanged from US$0.01 per share at last update. Metals and Mining industry in Canada expected to see average net income growth of 0.4% next year. Consensus price target of CA$0.50 unchanged from last update. Share price rose 16% to CA$0.26 over the past week.お知らせ • Oct 07Nevada Copper Corp. announced that it expects to receive $5 million in fundingNevada Copper Corp. announced a private placement of a promissory note for proceeds of $5,000,000 on October 6, 2022. The promissory note has a maturity date of October 31, 2022 and bears interest at 12% per annum on amounts drawn. The transaction is subject to approval by the TSX. The transaction will include participation from returning investor Pala Investments Limited.Price Target Changed • Sep 14Price target increased to CA$0.50Up from CA$0.38, the current price target is an average from 2 analysts. New target price is 79% above last closing price of CA$0.28. Stock is down 63% over the past year. The company is forecast to post earnings per share of US$0.01 for next year compared to US$0.0041 last year.Price Target Changed • Sep 07Price target increased to CA$0.50Up from CA$0.38, the current price target is an average from 2 analysts. New target price is 56% above last closing price of CA$0.32. Stock is down 64% over the past year. The company is forecast to post earnings per share of US$0.01 for next year compared to US$0.0041 last year.お知らせ • Aug 26+ 2 more updatesNevada Copper Corp. to Appoint Randy Buffington to Board of DirectorIn conjunction with the restart financing package, the board of directors of Nevada Copper Corp. (the "Board") will be strengthened in a number of areas, including: Chief Executive Officer Randy Buffington will join the Board as a director; and Both Triple Flag and Mercuria will each have the right to nominate a director and to have a representative on the Technical Committee of the Board.分析記事 • Aug 20Nevada Copper's (TSE:NCU) Shareholders May Want To Dig Deeper Than Statutory ProfitFollowing the solid earnings report from Nevada Copper Corp. ( TSE:NCU ), the market responded by bidding up the stock...Reported Earnings • Aug 13Second quarter 2022 earnings released: EPS: US$0.005 (vs US$0.08 loss in 2Q 2021)Second quarter 2022 results: EPS: US$0.005 (up from US$0.08 loss in 2Q 2021). Net income: US$2.32m (up US$16.4m from 2Q 2021). Over the next year, revenue is forecast to grow 2,211%, compared to a 16% growth forecast for the industry in Canada. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 55% per year, which means it is significantly lagging earnings.お知らせ • Aug 06Nevada Copper Corp. Provides Update on Its Operations and Financing Initiatives and Activities At Its Pumpkin Hollow Copper Mine Located in Yerington, NevadaNevada Copper Corp. provided an update on its operations and financing initiatives and activities at its Pumpkin Hollow copper mine (the "Underground Mine") located in Yerington, Nevada. Operational Restart Planning During July, management has advanced its Underground Mine restart plans, which focus on the acceleration of key capital items followed by the development of a significant stope ore inventory in advance of a mill restart and completion of production ramp-up. The development of restart plans has allowed the Company to advance financing discussions with its key stakeholders. The commencement of restart activities is contingent on the Company obtaining long-term financing, as discussed below. The Company continues to work with its creditors and vendors to defer payments and maintain the operation in a temporary suspension status, with only limited operational activities being undertaken to protect the Company's assets, to minimize cash burn until closing of a restart funding package.Major Estimate Revision • Jul 23Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from US$92.3m to US$138.3m. EPS estimate unchanged from US$0.01 at last update. Metals and Mining industry in Canada expected to see average net income growth of 7.4% next year. Consensus price target of CA$0.38 unchanged from last update. Share price rose 14% to CA$0.24 over the past week.Major Estimate Revision • Jul 09Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from US$121.1m to US$137.3m. EPS estimate unchanged from US$0.01 at last update. Metals and Mining industry in Canada expected to see average net income growth of 16% next year. Consensus price target down from CA$0.64 to CA$0.50. Share price fell 21% to CA$0.20 over the past week.Price Target Changed • Jul 08Price target decreased to CA$0.50Down from CA$0.64, the current price target is an average from 2 analysts. New target price is 144% above last closing price of CA$0.20. Stock is down 90% over the past year. The company is forecast to post earnings per share of US$0.01 for next year compared to US$0.0041 last year.お知らせ • Jul 05Nevada Copper Provides an Update on Operations At Its Pumpkin Hollow Underground Copper Mine Located in Yerington, NevadaNevada Copper provided an update on operations at its Pumpkin Hollow underground copper mine located in Yerington, Nevada (the "Underground Mine") and on its financial liquidity. Response to Restricted Stope Access and Dike Progress: As previously disclosed on June 6, 2022, an unidentified weak rock structure being encountered in the main ramp to the East South Zone restricted access to the Company's planned East South stoping zones. In response to this event, the Company has taken steps to curtail operating activities while developing plans to address this issue. The Company has continued development of its priority heading through the dike structure and into the East North mining zone, which is expected to have significantly higher copper grades and better geotechnical conditions compared with the East South Zone. Although almost complete, additional work is required to finish the dike crossing. Due to the liquidity issues referred to below, the Company may not be able to undertake further work on the ramp to the East South Zone or the dike crossing. Qualified Person: The technical information and data in this news release has been reviewed by Steven Newman, Registered Member - SME, Vice President, Technical Services for Nevada Copper, who is a non-independent Qualified Person within the meaning of NI 43-101.Buying Opportunity • Jun 29Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 63%. The fair value is estimated to be CA$0.34, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 90% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 43% per annum. Earnings is also forecast to grow by 72% per annum over the same time period.Major Estimate Revision • Jun 08Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast fell from US$144.3m to US$125.5m. EPS estimate increased from -US$0.08 to -US$0.04 per share. Metals and Mining industry in Canada expected to see average net income growth of 24% next year. Consensus price target down from CA$1.39 to CA$0.81. Share price fell 24% to CA$0.38 over the past week.Price Target Changed • Jun 02Price target decreased to CA$0.84Down from CA$1.08, the current price target is an average from 2 analysts. New target price is 61% above last closing price of CA$0.52. Stock is down 79% over the past year. The company is forecast to post a net loss per share of US$0.08 compared to earnings per share of US$0.0041 last year.収支内訳Nevada Copper の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史TSX:NCU 収益、費用、利益 ( )USD Millions日付収益収益G+A経費研究開発費31 Mar 248-416031 Dec 235-618030 Sep 230-7910030 Jun 23-1-38810031 Mar 234-3859031 Dec 229-3587030 Sep 2212-3485030 Jun 221503031 Mar 2212-264031 Dec 2111-285030 Sep 218-154030 Jun 216-406031 Mar 214-198031 Dec 200-207030 Sep 200-208030 Jun 200-188031 Mar 200-154031 Dec 190-56030 Sep 190-45030 Jun 190-56031 Mar 190-109031 Dec 180-208030 Sep 180-279030 Jun 180-287031 Mar 180-195031 Dec 170-73030 Sep 170-32030 Jun 170-13031 Mar 170-173031 Dec 160-293030 Sep 160-242030 Jun 160-251031 Mar 160-152031 Dec 150-52030 Sep 150-132030 Jun 150-172031 Mar 150-173031 Dec 140-174030 Sep 140-104030 Jun 140-94031 Mar 140-243031 Dec 130-2230質の高い収益: NCUは現在利益が出ていません。利益率の向上: NCUは現在利益が出ていません。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: NCUは利益が出ておらず、過去 5 年間で損失は年間53.6%の割合で増加しています。成長の加速: NCUの過去 1 年間の収益成長を 5 年間の平均と比較することはできません。現在は利益が出ていないためです。収益対業界: NCUは利益が出ていないため、過去 1 年間の収益成長をMetals and Mining業界 ( 119.4% ) と比較することは困難です。株主資本利益率高いROE: NCUは現在利益が出ていないため、自己資本利益率 ( -17.76% ) はマイナスです。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YMaterials 、過去の業績が好調な企業。View Financial Health企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2024/08/22 07:02終値2024/07/15 00:00収益2024/03/31年間収益2023/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Nevada Copper Corp. 1 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。9 アナリスト機関Clifford Hale-SandersATB Cormark Historical (Cormark Securities)Wendell ZerbCanaccord GenuityJohn HughesDesjardins Securities Inc.6 その他のアナリストを表示
Reported Earnings • Apr 03Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2023 results: US$0.056 loss per share (improved from US$0.74 loss in FY 2022). Net loss: US$60.9m (loss narrowed 83% from FY 2022). Revenue missed analyst estimates by 40%. Earnings per share (EPS) exceeded analyst estimates by 13%. Revenue is forecast to grow 46% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has fallen by 62% per year, which means it is performing significantly worse than earnings.
Reported Earnings • May 12First quarter 2023 earnings released: US$0.049 loss per share (vs US$0.02 loss in 1Q 2022)First quarter 2023 results: US$0.049 loss per share (further deteriorated from US$0.02 loss in 1Q 2022). Net loss: US$35.4m (loss widened 301% from 1Q 2022). Revenue is forecast to grow 121% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 40% per year, which means it has not declined as severely as earnings.
Reported Earnings • Mar 21Full year 2022 earnings released: US$0.74 loss per share (vs US$0.004 profit in FY 2021)Full year 2022 results: US$0.74 loss per share (down from US$0.004 profit in FY 2021). Net loss: US$357.9m (down US$358.8m from profit in FY 2021). Revenue is forecast to grow 102% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has fallen by 43% per year whereas the company’s share price has fallen by 40% per year.
分析記事 • Aug 20Nevada Copper's (TSE:NCU) Shareholders May Want To Dig Deeper Than Statutory ProfitFollowing the solid earnings report from Nevada Copper Corp. ( TSE:NCU ), the market responded by bidding up the stock...
Reported Earnings • Aug 13Second quarter 2022 earnings released: EPS: US$0.005 (vs US$0.08 loss in 2Q 2021)Second quarter 2022 results: EPS: US$0.005 (up from US$0.08 loss in 2Q 2021). Net income: US$2.32m (up US$16.4m from 2Q 2021). Over the next year, revenue is forecast to grow 2,211%, compared to a 16% growth forecast for the industry in Canada. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 55% per year, which means it is significantly lagging earnings.
お知らせ • Aug 15TSX to Delist Nevada Copper Shares Effective August 21, 2024Nevada Copper Corp. announced that it and its subsidiaries (collectively, 'Nevada Copper' or the 'Company') have entered into an asset purchase agreement (the 'Stalking Horse APA') with Southwest Critical Materials LLC (the 'Buyer'), an affiliate of Kinterra Capital Corp., pursuant to which the Buyer has agreed to purchase substantially all of the assets of the Company. As previously announced, the Company was under delisting review by the Toronto Stock Exchange (the 'TSX') as a result of the Chapter 11 proceedings and its shares currently remain halted from trading on the TSX. The TSX has now completed its review and ordered that the Company's shares be delisted effective August 21, 2024.
お知らせ • Jun 22Motion for Asset Sale Filed by Nevada Copper, Inc.Nevada Copper, Inc. filed a motion in the US Bankruptcy Court for the sale of substantially all its assets on June 20, 2024. The debtor seeks the Court’s approval for the sale of substantially all its assets to the stalking horse bidder. Stalking horse bidder shall be elected by debtor by no later than August 17, 2024. To qualify as a qualified bidder, interested parties should submit their bids by September 6, 2024, along with good-faith deposit in the amount 10% of the aggregate price. The debtor has scheduled an auction on September 10, 2024. The stalking horse bidder would be entitled to a break-up fee and expense reimbursement in case of termination of the asset purchase agreement. The sale hearing is scheduled for September 25, 2024. The sale closing shall occur on or before October 8, 2024.
お知らせ • Jun 19+ 3 more updatesMotion for Joint Administration Approved for Nevada Copper, Inc.The US Bankruptcy Court granted an order for the joint administration of the Chapter 11 bankruptcy cases of Nevada Copper, Inc and its affiliates on June 18, 2024. The affiliates include Nevada Copper Corp., Lion Iron Corp., NC Farms LLC, and NC Ditch Company LLC. The cases would be jointly administered for administrative and procedural purposes. Nevada Copper, Inc. has been designated as the lead debtor
お知らせ • Jun 10Nevada Copper, Inc. Filed for BankruptcyNevada Copper, Inc., along with its five affiliates, filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the District of Nevada on June 10, 2024. The debtor listed its assets in the range of $500 million to $1 billion and liabilities in the range of $100 million to $500 million. The debtor is represented by Ryan J. Works of McDonald Carano LLP and Allen Overy Shearman Sterling US LLP as its legal counsels. The debtor also hired AlixPartners, LLP as its financial and restructuring advisor, Torys LLP as its special Canadian and corporate counsel, Moelis & Company LLC as its financial advisor and investment banker, and Epiq Corporate Restructuring, LLC as notice, claims agent and administrative advisor.
お知らせ • Jun 08Nevada Copper Corp. Announces Resignation of Guillaume de Dardel as DirectorNevada Copper Corp. announced that it has received a notice of resignation, effective June 6, 2024, from director Guillaume de Dardel who was a nominee of Mercuria Holdings (Singapore) Pte. Ltd.
分析記事 • Jun 07We Think Shareholders Are Less Likely To Approve A Large Pay Rise For Nevada Copper Corp.'s (TSE:NCU) CEO For NowKey Insights Nevada Copper's Annual General Meeting to take place on 12th of June Total pay for CEO Randy Buffington...
New Risk • Apr 16New major risk - Revenue and earnings growthEarnings have declined by 61% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (22% average weekly change). Earnings have declined by 61% per year over the past 5 years. Shareholders have been substantially diluted in the past year (98% increase in shares outstanding). Minor Risks Less than 1 year of cash runway based on current free cash flow (-US$121m). Revenue is less than US$5m (US$4.6m revenue).
Reported Earnings • Apr 03Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2023 results: US$0.056 loss per share (improved from US$0.74 loss in FY 2022). Net loss: US$60.9m (loss narrowed 83% from FY 2022). Revenue missed analyst estimates by 40%. Earnings per share (EPS) exceeded analyst estimates by 13%. Revenue is forecast to grow 46% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has fallen by 62% per year, which means it is performing significantly worse than earnings.
お知らせ • Mar 30Nevada Copper Corp., Annual General Meeting, Jun 12, 2024Nevada Copper Corp., Annual General Meeting, Jun 12, 2024.
New Risk • Mar 20New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$125m free cash flow). Shareholders have been substantially diluted in the past year (98% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (CA$121.5m market cap, or US$89.6m).
New Risk • Feb 10New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: CA$107.2m (US$79.7m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$125m free cash flow). Shareholders have been substantially diluted in the past year (98% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$107.2m market cap, or US$79.7m).
お知らせ • Feb 08Nevada Copper Corp. Provides Pumpkin Hollow Operations UpdateNevada Copper Corp. provided updates on restart activities at its Pumpkin Hollow underground mine (the "Underground Mine"). U unexpected bottlenecks encountered in process plant systems are being mitigated. Third ore pass and temporary use of ore bin from new life-of-mine ("LOM") ore handling system provides material handling capacity to meet plan until underground crusher is installed. Paste plant fully commissioned. Life of Mine Infrastructure. In addition to the completion and commissioning of the Geho dewatering system and the second phase of the ore handling system, other LOM infrastructure improvements include the drilling of a new fuel delivery hole, drilling of a second paste hole that will provide LOM paste delivery for EN Zone stopes and improvements to the water infiltration system on surface to handle excess surge capacity. A scope of work is being issued to potential contractors for the final phase of the ore handling system., which includes installation and commissioning of the crushing system.
お知らせ • Nov 15+ 1 more updateNevada Copper Corp. Appoints Anna Ladd-Kruger to the Board of DirectorsNevada Copper Corp. appointed Anna Ladd-Kruger to the Board of Directors of the company, effective November 20, 2023. Ms. Ladd-Kruger has over 25 years of industry experience, progressing her career through financial and operational leadership roles at several Canadian publicly listed mining companies. She has experience in various stages of the mining process from exploration to multi-jurisdictional operations. Prior to retiring in 2022, Ms. Ladd-Kruger was the Chief Financial Officer (CFO) of McEwen Mining Inc. where she was brought in to lead financial and operational turnaround strategies and was key to the McEwen Copper spin-out, including serving as its CFO and director. Ms. Ladd-Kruger previously served as the CFO and VP Corporate Development for a number of mining companies and began her career working at Vale S.A.'s Thompson and Sudbury Canadian operations before joining Kinross Gold Corporation as their North American Group Controller. Ms. Ladd-Kruger holds both a CPA and CMA designation, a Master’s of Economics from Queen’s University and a Bachelor of Commerce from the University of British Columbia. She also holds the Canadian Institute of Corporate Directors designation (ICD.D). Ms. Ladd-Kruger expected to join the Independent Committee and replace Mr. Lucio Genovese as Chairman of the Audit Committee. Mr. Genovese has indicated that he will step down from the Board of Directors effective November 20, 2023. Mr. Genovese has been a key member of the Board since May 2016.
お知らせ • Oct 05Nevada Copper Corp. Announces Resumption of Ore Processing Operations At Pumpkin HollowNevada Copper Corp. announced that it has restarted processing operations at its Pumpkin Hollow underground mine with the first ore being fed to the mill. Successful mill restart; processing operations recommenced at an initial feed rate to the mills of 3,000 tons per day (tpd) to allow for the process team to optimize reagent addition and establish and reinforce operating procedures and ensure consistent operations. The mill is being recommissioned on lower grade ore stockpiles and will transition to a combination of mined stope ore and stockpiled ore. By mid-October, throughput is planned to be increased steadily towards a goal of achieving steady state operations of 4,500-5,000 tpd by the end of 2023. Once steady-state operations are achieved, the Company may consider relatively simple optimization opportunities in 2024 to increase mill throughput potential beyond 5,000 tpd. Dike 3 crossing completed; the third dike crossing was completed in September, clearing the way for planned 2024 stope development. Continued development beyond the dike is to ultimately provide a full ventilation circuit for the Lower East North stoping areas, but it also provides additional headings for the development contractor to open targeted 2024 stopes. Rock conditions beyond the dike continue to be as predicted by the geotechnical model. Paste plant commissioned and first stope back filled; the initial stope in the 2023 mining sequence was mined in July and August with 9,000 tons of ore extracted in the Sugarcube area of the East South (ES) Zone. Stope back filling activities began in September and a full stope was backfilled, completing successful testing of both the surface paste plant and the underground paste delivery system. This Sugarcube stope is part of the ES Zone planned stopes and ground conditions encountered during mining were conducive to a successful paste back fill. Drilling and blasting on the next planned stope in the Alphabet area of the ES Zone is in progress and is expected to yield 20,000 tons of ore by the end of October. Remaining capital projects progressing; work on the underground crusher and ore handling system is progressing. The Geho dewatering system is mechanically complete with electrical and piping installation in process and expected to be completed and commissioned by the end of October 2023. Geho Pumps installed and mechanically complete. Grizzly installation and truck ore loading pocket foundation pours. Regional drilling program commences; one reverse circulation drill is planned to be on site starting the week of October 2, 2023. The primary goal of the 5,000-foot drill program is to follow-up on the recent results and historic sampling that are discussed in the Nevada Copper news release dated July 26, 2023. The Copper Ridge and Dimples target areas are outside of the current mineral resources and have the potential to establish additional mineral resources within the Pumpkin Hollow property. Workforce growing at a rapid pace; the Nevada Copper workforce has more than doubled to over 200 employees over the last year with the most significant additions in technical roles as well as mining and process teams.
お知らせ • Sep 06Nevada Copper Corp. Appoints Dr. Elaine Dorward-King to Board of DirectorsNevada Copper Corp. announced the appointment of Dr. Elaine Dorward-King to the Board of Directors of Nevada Copper effective September 1, 2023. Dr. Dorward-King brings over 30 years of experience, primarily developed in international mining companies including Newmont Mining Corp., Rio Tinto and Kennecott Utah Copper Corporation. Prior to retiring in 2019, she served as Newmont’s Executive Vice President of Sustainability and External Relations, driving Social and Governance strategies across the global organization. Prior to that she held various leadership roles focused on environmental and sustainability programs for companies in the mining, environmental and chemical sectors. She is currently a director of NovaGold Resources Inc., Sibanye-Stillwater Limited, and Kenmare Resources plc. Dr. Dorward-King has a B.A. from Maryville College and a Ph.D. in Analytical Chemistry from Colorado State University.
New Risk • Aug 17New major risk - Revenue and earnings growthEarnings have declined by 74% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$115m free cash flow). Earnings have declined by 74% per year over the past 5 years. Shareholders have been substantially diluted in the past year (201% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Share price has been volatile over the past 3 months (13% average weekly change).
お知らせ • Aug 12+ 1 more updateNevada Copper Corp. Reiterates Production Guidance for the Year 2023Nevada Copper Corp. reiterated production guidance for the year 2023. For the year, the company reiterates its outlook with the principal objective of achieving nameplate milling throughput of 5,000 tons per day ("tpd") by the end of the year and all critical underground infrastructure complete and sufficient advance development to support sustained operations. With the vent shaft project complete, underground lateral development continues to ramp-up as SMD increases staffing levels to meet development expectations. Lateral development over the second half of 2023 is planned to be 16,000 ft of combined primary and stope development. Commissioning of the underground crush and convey system is now scheduled for late October 2023 reflecting delays in underground excavation. To support the start of stope mining by the Company in September, existing ore passes and the surface crusher are being utilized until commissioning of the underground crusher is complete. Mill restart is scheduled in September 2023 at an expected rate of approximately 3,500 tons per day. The mill and paste plant will be re-commissioned on low-grade stockpiled ore. Mill capacity and grade are expected to increase through the balance of 2023, however, milled grades will remain lower than average stope grades, as lower grade development ore constitutes a higher percentage of mill feed through these early commissioning months. The Company plans to truck its first concentrates in late September with first revenues expected in the fourth quarter.
New Risk • Aug 12New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$115m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$115m free cash flow). Shareholders have been substantially diluted in the past year (200% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Share price has been volatile over the past 3 months (13% average weekly change).
お知らせ • Jul 27Nevada Copper Corp. Provide an Update on its 2023 Regional and Underground Exploration Plans and Recent Exploration Results At its Approximate 36 Square Mile Pumpkin Hollow Property Located in Yerington, NVNevada Copper Corp. provided an update on its 2023 regional and underground exploration plans and recent exploration results at its approximate 36 square mile Pumpkin Hollow property located in Yerington, NV. The 2023 East North (EN) and East South (ES) underground drill program began in the first quarter of 2023 and is focused on stope definition drilling and near-mine resource expansion targets. Drilling is expected to continue in the ES and EN zone through the remainder of the year. The deposit remains open in all directions. The Pumpkin Hollow property has not been extensively explored in the past as the Company was focused on developing the known mineral resources, resulting in the development of the underground mine and advancement of the open pit project. Recent drone magnetic surveys have identified several high-quality targets of interest. Surface reconnaissance targeting these high-quality areas demonstrates that these targets have the potential to host additional independent mineralized systems, outside of the existing deposits. Nevada Copper has identified a new exploration target, the Dimples target, located just south of the proposed open pit area in the southern area of the property. Analysis of recent surface grab samples has returned encouraging results including gold values of up to 61 gpt gold (Au). A total of 55 grab samples have been collected in 2023 with 42 of those samples returning gold values greater than 0.1 gpt Au and 14 samples being greater than 1 gpt Au, in quartz rich veins within granodiorite porphyry. Higher-grade copper was identified in eleven samples, with values greater than 1.0% Cu. High-grade copper rich zones are found in the granodiorite porphyry veins as well as skarns within metavolcanics. The Mesozoic rocks in the area are dominated by granodiorite porphyries and metavolcanics. Surface sampling results from surface outcrops and prospect pits in the Copper Ridge area have indicated a potential for high-grade copper, highlighted by grades including 5.03% and 5.43% Cu. The Copper Ridge property is located north of the main Pumpkin Hollow property covered by 103 hectares through unpatented and patented claims. The target was mined for high-grade copper in the early 1900’s through several adits as well as a 122-meter inclined shaft. The 2023 program is designed to follow-up on historic reconnaissance work completed in the early 1990s by a major copper company and has the potential to provide additional high-grade feed for the existing underground mill. A total of 70 historic and new rock samples were collected to confirm and extend the known mineralization along the vein and dike structures in the Yerington Batholith granodiorites. Forty-four samples assayed greater than 0.1% copper.Follow-up trenching and a reverse circulation drill program are planned to further evaluate these high potential targets.
Price Target Changed • Jul 14Price target decreased by 27% to CA$0.28Down from CA$0.38, the current price target is an average from 2 analysts. New target price is 53% above last closing price of CA$0.18. Stock is down 14% over the past year. The company is forecast to post a net loss per share of US$0.08 next year compared to a net loss per share of US$0.74 last year.
New Risk • Jun 18New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (121% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Revenue is less than US$5m (US$4.0m revenue).
Recent Insider Transactions • Jun 02Independent Director recently bought CA$100k worth of stockOn the 30th of May, G. Nutter bought around 370k shares on-market at roughly CA$0.27 per share. This transaction amounted to 77% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.
お知らせ • Jun 01Nevada Copper Corp. has completed a Composite Units Offering.Nevada Copper Corp. has completed a Composite Units Offering. Security Name: Units Security Type: Equity/Derivative Unit Securities Offered: 173,705,000 Price\Range: CAD 0.27 Discount Per Security: CAD 0.00405
Reported Earnings • May 12First quarter 2023 earnings released: US$0.049 loss per share (vs US$0.02 loss in 1Q 2022)First quarter 2023 results: US$0.049 loss per share (further deteriorated from US$0.02 loss in 1Q 2022). Net loss: US$35.4m (loss widened 301% from 1Q 2022). Revenue is forecast to grow 121% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 40% per year, which means it has not declined as severely as earnings.
お知らせ • May 10Nevada Copper Corp. announced that it expects to receive $115 million in fundingNevada Copper Corp. announced that it will receive $115 million in a round of funding on May 9, 2023. The company will issue common shares in the transaction.
Reported Earnings • Mar 21Full year 2022 earnings released: US$0.74 loss per share (vs US$0.004 profit in FY 2021)Full year 2022 results: US$0.74 loss per share (down from US$0.004 profit in FY 2021). Net loss: US$357.9m (down US$358.8m from profit in FY 2021). Revenue is forecast to grow 102% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has fallen by 43% per year whereas the company’s share price has fallen by 40% per year.
お知らせ • Feb 15Nevada Copper Provides an Update on Restart and Operational Activities for Its Pumpkin Hollow Underground Copper MineNevada Copper provided an update on restart and operational activities for its Pumpkin Hollow underground copper mine. Further Details on Production Restart Underground Development Proceeding as Planned The Nevada Copper operations team continues to make rapid progress on all underground activities including mine development, hoisting, stope preparation, and underground projects. The historically reported dike crossings that provide initial stope top and bottom access into the EN Zone were fully established and completed in December 2022, and development is progressing toward stoping areas. Both key development drives that have crossed the dike have encountered ground conditions at or better than expectation, confirming the geotechnical model that predicted higher quality rock. Definition drilling of the initial stopes to feed the restart of milling operations in Third Quarter 2023 have been completed and assayed, and confirm rock quality, grade and geometry represented by the geologic and reserve models. Underground Development Contractor Update The Company has completed the bid process for the development mining contractor and is in the final stages of negotiations for a unit rate contract with an internationally recognized major mining services contractor. Key components of the development contract include: - 72,000 feet of lateral capital development over a 24-month contract period; - Delivery of full development stopes by Third Quarter 2023 to provide sufficient faces and stopes to restart and maintain nameplate milling operations (approximately 5,000 tpd); and - Nevada Copper's operating team will perform all stope mining starting in Third Quarter 2023. Critical Construction Projects Progressing The Company awarded Dumas Contracting USA Inc. ("Dumas") a $12 million construction contract to complete critical capital projects including the coarse ore bin and installation of an underground jaw crusher, permanent dewatering system, vent shaft stripping and surface fans. Dumas is a leading full-service underground mining contractor providing mine construction, development, production mining, mine services and engineering early-stage projects through well-established operating mines throughout the Americas. Vent Shaft Final stripping of the vent shaft commenced in January in preparation for connection of the surface fans, which are expected to be commissioned in early Second Quarter 2023. The stripping is planned to be completed ahead of development contractor mobilization and the vent shaft is expected to provide the necessary ventilation for the life of the mine. Ore Handling System The additional ore handling system allows for increased ore throughput rates to the shaft hoisting system, enabling operations to ultimately exceed nameplate production. Engineering for ore handling system has been completed, and all long-lead items are on-site including the jaw crusher. Excavation is underway and planning for the installation of the system has already commenced. Dewatering System The pumps for the permanent dewatering system are on site and ready for installation. Once installed, the additional pumps are expected to provide all dewatering requirements for the life of the mine. Regional Exploration Opportunities The Company has completed a thorough review of regional mapping for its Pumpkin Hollow land position and several high-quality targets of interest have been identified. Surface sampling results from the Copper Ridge area have indicated the high-grade potential, highlighted by grades including 5.03% and 5.43% copper that warrant additional investigation. In 2023, detailed mapping, interpretation of recent geophysical analysis and surface sampling are planned to follow-up on other identified high-potential targets on the Nevada Copper land position. The grades identified are conceptual in nature as there has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the delineation of a mineral resource. Grades were determined through third-party labs, as detailed below under Quality Assurance and Quality Control.
お知らせ • Feb 14Nevada Copper Corp. Announces Resignation of Kate Southwell as Member of Board of Directors Effective February 28, 2023Nevada Copper Corp. announced that Ms. Kate Southwell will be stepping down as a member of the Board of Directors effective February 28, 2023 to pursue other career opportunities.
お知らせ • Dec 31Nevada Copper Corp. announced that it has received $47.494368 million in funding from Pala Investments Limited, Mercuria Energy Canada Inc., Triple Flag Precious Metals Corp.On December 29, 2022, Nevada Copper Corp. closed the transaction. The company amended the terms of the transaction. The company raised $20 million in second tranche. The transaction included participation from Mercuria Energy Canada Inc. for $10 million for 63,411,540 common shares and Triple Flag Precious Metals Corp. for $10 million. The company has total raised $47.494368 million.
Price Target Changed • Nov 16Price target increased to CA$0.50Up from CA$0.38, the current price target is an average from 2 analysts. New target price is 59% above last closing price of CA$0.32. Stock is down 57% over the past year. The company is forecast to post earnings per share of US$0.01 for next year compared to US$0.0041 last year.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Lead Director Tom Albanese was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Nov 15+ 1 more updateNevada Copper Appoints Gregory J. Martin as Chief Financial Officer, Effective November 21, 2022Nevada Copper announced the appointment of Mr. Greg Martin as Chief Financial Officer of the Company, effective November 21, 2022. In leading the Company's financial functions, Mr. Martin will be integral to building fiscal discipline and structures to support the restart and ramp-up of the Company’s underground mine. In addition, he will oversee concentrate marketing, and generally assist with leading the team through the restart and ramp-up process. Mr. Martin has nearly 30 years of experience in various financial and business development roles, primarily in the mining sector. He has held senior finance roles in several multi-national mining and mining-related companies including SSR Mining Inc. (where he was CFO from 2012 to 2021), NovaGold Resources Inc., Finning International Inc., Zincore Metals Inc. and Placer Dome Inc. He has a proven track record of providing leadership through company transitions, growth and development while implementing the fiscal discipline and structure to support sustainable operations. Mr. Martin is a Certified Professional Accountant (C.G.A.), holds an MBA from the University of Western Ontario and a Bachelor of Applied Science from the University of British Columbia.
お知らせ • Nov 04Nevada Copper Corp. Announces the Addition of Guillaume De Dardel to Its Board of DirectorsGuillaume de Dardel, Head of Energy Transition Metals and part of the Energy Transition desk at Mercuria, will join the Board of Directors of the Company effective November 4, 2022. Mercuria is a significant shareholder in Nevada Copper. Mr. de Dardel studied in Sao Paulo and Switzerland and holds a BA HSG (magna cum laude) from the University of St. Gallen.
お知らせ • Oct 29Nevada Copper Corp. Appoints Randy Buffington to Board of DirectorsNevada Copper Corp. announced the appointment of Randy Buffington, President and Chief Executive Officer, to the board of directors of Nevada Copper effective November 1, 2022. In addition, the Board expects to embark on a board renewal process to ensure the optimal balance of skills, experience and attributes are represented at the board level as required in the context of the Company's business priorities.
Major Estimate Revision • Oct 27Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast fell from US$130.7m to US$19.0m. EPS estimate unchanged from US$0.01 per share at last update. Metals and Mining industry in Canada expected to see average net income growth of 0.4% next year. Consensus price target of CA$0.50 unchanged from last update. Share price rose 16% to CA$0.26 over the past week.
お知らせ • Oct 07Nevada Copper Corp. announced that it expects to receive $5 million in fundingNevada Copper Corp. announced a private placement of a promissory note for proceeds of $5,000,000 on October 6, 2022. The promissory note has a maturity date of October 31, 2022 and bears interest at 12% per annum on amounts drawn. The transaction is subject to approval by the TSX. The transaction will include participation from returning investor Pala Investments Limited.
Price Target Changed • Sep 14Price target increased to CA$0.50Up from CA$0.38, the current price target is an average from 2 analysts. New target price is 79% above last closing price of CA$0.28. Stock is down 63% over the past year. The company is forecast to post earnings per share of US$0.01 for next year compared to US$0.0041 last year.
Price Target Changed • Sep 07Price target increased to CA$0.50Up from CA$0.38, the current price target is an average from 2 analysts. New target price is 56% above last closing price of CA$0.32. Stock is down 64% over the past year. The company is forecast to post earnings per share of US$0.01 for next year compared to US$0.0041 last year.
お知らせ • Aug 26+ 2 more updatesNevada Copper Corp. to Appoint Randy Buffington to Board of DirectorIn conjunction with the restart financing package, the board of directors of Nevada Copper Corp. (the "Board") will be strengthened in a number of areas, including: Chief Executive Officer Randy Buffington will join the Board as a director; and Both Triple Flag and Mercuria will each have the right to nominate a director and to have a representative on the Technical Committee of the Board.
分析記事 • Aug 20Nevada Copper's (TSE:NCU) Shareholders May Want To Dig Deeper Than Statutory ProfitFollowing the solid earnings report from Nevada Copper Corp. ( TSE:NCU ), the market responded by bidding up the stock...
Reported Earnings • Aug 13Second quarter 2022 earnings released: EPS: US$0.005 (vs US$0.08 loss in 2Q 2021)Second quarter 2022 results: EPS: US$0.005 (up from US$0.08 loss in 2Q 2021). Net income: US$2.32m (up US$16.4m from 2Q 2021). Over the next year, revenue is forecast to grow 2,211%, compared to a 16% growth forecast for the industry in Canada. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 55% per year, which means it is significantly lagging earnings.
お知らせ • Aug 06Nevada Copper Corp. Provides Update on Its Operations and Financing Initiatives and Activities At Its Pumpkin Hollow Copper Mine Located in Yerington, NevadaNevada Copper Corp. provided an update on its operations and financing initiatives and activities at its Pumpkin Hollow copper mine (the "Underground Mine") located in Yerington, Nevada. Operational Restart Planning During July, management has advanced its Underground Mine restart plans, which focus on the acceleration of key capital items followed by the development of a significant stope ore inventory in advance of a mill restart and completion of production ramp-up. The development of restart plans has allowed the Company to advance financing discussions with its key stakeholders. The commencement of restart activities is contingent on the Company obtaining long-term financing, as discussed below. The Company continues to work with its creditors and vendors to defer payments and maintain the operation in a temporary suspension status, with only limited operational activities being undertaken to protect the Company's assets, to minimize cash burn until closing of a restart funding package.
Major Estimate Revision • Jul 23Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from US$92.3m to US$138.3m. EPS estimate unchanged from US$0.01 at last update. Metals and Mining industry in Canada expected to see average net income growth of 7.4% next year. Consensus price target of CA$0.38 unchanged from last update. Share price rose 14% to CA$0.24 over the past week.
Major Estimate Revision • Jul 09Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from US$121.1m to US$137.3m. EPS estimate unchanged from US$0.01 at last update. Metals and Mining industry in Canada expected to see average net income growth of 16% next year. Consensus price target down from CA$0.64 to CA$0.50. Share price fell 21% to CA$0.20 over the past week.
Price Target Changed • Jul 08Price target decreased to CA$0.50Down from CA$0.64, the current price target is an average from 2 analysts. New target price is 144% above last closing price of CA$0.20. Stock is down 90% over the past year. The company is forecast to post earnings per share of US$0.01 for next year compared to US$0.0041 last year.
お知らせ • Jul 05Nevada Copper Provides an Update on Operations At Its Pumpkin Hollow Underground Copper Mine Located in Yerington, NevadaNevada Copper provided an update on operations at its Pumpkin Hollow underground copper mine located in Yerington, Nevada (the "Underground Mine") and on its financial liquidity. Response to Restricted Stope Access and Dike Progress: As previously disclosed on June 6, 2022, an unidentified weak rock structure being encountered in the main ramp to the East South Zone restricted access to the Company's planned East South stoping zones. In response to this event, the Company has taken steps to curtail operating activities while developing plans to address this issue. The Company has continued development of its priority heading through the dike structure and into the East North mining zone, which is expected to have significantly higher copper grades and better geotechnical conditions compared with the East South Zone. Although almost complete, additional work is required to finish the dike crossing. Due to the liquidity issues referred to below, the Company may not be able to undertake further work on the ramp to the East South Zone or the dike crossing. Qualified Person: The technical information and data in this news release has been reviewed by Steven Newman, Registered Member - SME, Vice President, Technical Services for Nevada Copper, who is a non-independent Qualified Person within the meaning of NI 43-101.
Buying Opportunity • Jun 29Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 63%. The fair value is estimated to be CA$0.34, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 90% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 43% per annum. Earnings is also forecast to grow by 72% per annum over the same time period.
Major Estimate Revision • Jun 08Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast fell from US$144.3m to US$125.5m. EPS estimate increased from -US$0.08 to -US$0.04 per share. Metals and Mining industry in Canada expected to see average net income growth of 24% next year. Consensus price target down from CA$1.39 to CA$0.81. Share price fell 24% to CA$0.38 over the past week.
Price Target Changed • Jun 02Price target decreased to CA$0.84Down from CA$1.08, the current price target is an average from 2 analysts. New target price is 61% above last closing price of CA$0.52. Stock is down 79% over the past year. The company is forecast to post a net loss per share of US$0.08 compared to earnings per share of US$0.0041 last year.