お知らせ • Jun 23
Mangazeya Mining to be De-Listed Effective at the Close of Trading on July 4, 2022 Mangazeya Mining Ltd. announced that, further to its announcement on June 3, 2022, following the redemption of shares held by minority shareholders of the company in accordance with the provisions of section 176 of the BVI Business Companies Act, 2004 on May 25, 2022, the Company no longer meets the ongoing listing requirements of the NEX Board of the TSX Venture Exchange and will be de-listed effective at the close of trading on July 4, 2022. Certain of the Minority Shareholders holding 59,862,680 shares have exercised dissent rights in respect of the redemption. The Company is engaging with such dissenting shareholders to determine the fair value of the Company's shares in accordance with the Act. In the event the Company is not able to terms with dissenting shareholders the Act provides for an appraisal process which is binding on the parties. お知らせ • Jun 21
Mangazeya Mining Expects to Delist from NEX Board Mangazeya Mining Ltd., part of Sergei Yanchukov's Mangazeya group, is expected to delist its securities from the NEX Board in Toronto on July 4, 2022 after the close of trading, the Russian gold-mining company said in a statement. Mangazeya in early June conducted a forced buyout of minority shareholders, though nearly 5% of the shareholders did not agree with the buyout, thus the company is continuing to discuss the buyout price with these shareholders. Entities of the Mangazeya group initiated the buyout after collecting over a 90% stake in Mangazeya Mining. Mangazeya bought back and redeemed the shares of the minority shareholders upon the instructions of the entities. Reported Earnings • May 04
Full year 2021 earnings released: EPS: CA$0.04 (vs CA$0.018 loss in FY 2020) Full year 2021 results: EPS: CA$0.04 (up from CA$0.018 loss in FY 2020). Revenue: CA$193.3m (up 51% from FY 2020). Net income: CA$51.8m (up CA$74.8m from FY 2020). Profit margin: 27% (up from net loss in FY 2020). The move to profitability was primarily driven by higher revenue. Production and reserves: Gold Production: 87.866 troy koz (51.562 troy koz in FY 2020) Number of mines: 1 (1 in FY 2020) Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Board Change • May 04
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Non-Executive Director Pierre Légaré was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Dec 30
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Non-Executive Director Pierre Légaré was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Dec 01
Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations Third quarter 2021 results: EPS: CA$0.004 (up from CA$0.009 loss in 3Q 2020). Revenue: CA$44.6m (down 2.6% from 3Q 2020). Net income: CA$4.83m (up CA$16.5m from 3Q 2020). Profit margin: 11% (up from net loss in 3Q 2020). The move to profitability was driven by lower expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 52% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 31
Second quarter 2021 earnings released: EPS CA$0.009 (vs CA$0.002 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CA$37.2m (up 68% from 2Q 2020). Net income: CA$11.6m (up 427% from 2Q 2020). Profit margin: 31% (up from 10.0% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has increased by 50% per year, which means it is tracking significantly ahead of earnings growth. お知らせ • Aug 31
Mangazeya Mining Ltd. Reports Production Results for the Second Quarter and Six Months Ended June 30, 2021 Mangazeya Mining Ltd. reported production results for the second quarter and six months ended June 30, 2021. For the quarter, the company reported gold production of 17,580 ounces against 9,130 ounces a year ago. Ore mined was 509,000 tons 383,000 tons a year ago.
For the six months, the company reported gold production of 30,970 ounces against 12,520 ounces a year ago. Ore mined was 803,000 tons against 662,000 tons a year ago. Reported Earnings • Jun 01
First quarter 2021 earnings released: EPS CA$0.002 (vs CA$0.046 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CA$27.6m (up 272% from 1Q 2020). Net income: CA$3.09m (up CA$62.4m from 1Q 2020). Profit margin: 11% (up from net loss in 1Q 2020). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 65% per year, which means it is well ahead of earnings. Reported Earnings • May 03
Full year 2020 earnings released: CA$0.018 loss per share (vs CA$0.006 profit in FY 2019) The company reported a mediocre full year result with weaker earnings and weaker control over costs, although revenues improved. Full year 2020 results: Revenue: CA$128.4m (up 61% from FY 2019). Net loss: CA$22.9m (down 408% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has increased by 71% per year, which means it is well ahead of earnings. Reported Earnings • Dec 01
Third quarter 2020 earnings released: CA$0.009 loss per share The company reported a mediocre third quarter result with increased losses and weaker control over expenses, although revenues were improved. Third quarter 2020 results: Revenue: CA$45.7m (up 42% from 3Q 2019). Net loss: CA$11.7m (loss widened 210% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 75% per year but the company’s share price has increased by 75% per year, which means it is well ahead of earnings. お知らせ • Aug 18
Mangazeya Mining Ltd. Announces Executive Changes Mangazeya Mining Ltd. (Mangazeya or the Company) announced that the Board of Directors has approved the appointment of Mr. Mikhail Gusev as Chief Executive Officer. Mr. Mikhail Gusev is a highly experienced and successful executive with over 15 years of experience in the gold mining industry. He joined the Mangazeya Group in 2020 as General Director of Mangazeya Zoloto, LLC. Prior to joining the Magazeya Group, Mr. Guzev held various senior positions with Renova Group of Companies, where he managed mining assets concentrated in Kamchatka, the Urals, Karelia, Kyrgyzstan, Mongolia and Africa. The Company thanks Mr. Sergey Yanchukov for his service as the Chief Executive Officer of the Company. Mr. Yanchukov will continue to hold his position of the Member of Board of Directors of the Company.