Reported Earnings • Feb 28
First half 2023 earnings released: AU$0.22 loss per share (vs AU$0.037 loss in 1H 2022) First half 2023 results: AU$0.22 loss per share (further deteriorated from AU$0.037 loss in 1H 2022). Revenue: AU$162.1m (down 11% from 1H 2022). Net loss: AU$28.5m (loss widened AU$25.1m from 1H 2022). Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 1.4% decline forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Breakeven Date Change • Feb 28 The analyst covering New Century Resources previously expected the company to break even in 2023. New forecast suggests the company will make a profit of AU$38.4m in 2023. Earnings growth of 1.9% is required to achieve expected profit on schedule.
お知らせ • Jan 24
New Century Resources Limited Announces Mt Lyell Copper Mine Prefeasibility Study Demonstrates Strong Economics over Multi-Decade Life New Century Resources Limited announces the release of the Mt Lyell Copper Mine PFS results, which demonstrate highly attractive economics through the potential development of a low-cost, long-life copper and gold operation in a Tier-1 jurisdiction, supplied by 100% renewable power. The robust economic profile demonstrated by the PFS includes a pre-tax NPV7 of AUD 560 million, IRR of 22% and Life of Mine net cash flow of AUD 1,081 million. The estimated pre-production capital investment requirement is AUD 279 million, leveraging existing infrastructure, with a maximum cash draw of AUD 360 million. Average C1 costs of USD 1.73/lb Cu (including by-product credits) are projected over the first 10 years of steady-state operations, and average life of mine C1 costs of USD 1.89/lb Cu with the inclusion of the production ramp-up period. The PFS supports an initial 25-year mine life, producing 555kt of copper and 320koz of gold in concentrate over this period. The average annual production over the first 10 years post-ramp up is approximately 27kt of copper and 16koz of gold, underpinned by an Ore Reserve containing 246kt of copper and 198koz of gold. The first 10 years of mine life comprises 82% of production from Indicated Mineral Resource, with an additional ~8% Inferred Mineral Resource drilled and pending conversion to Indicated Mineral Resource. Highlights: Mt Lyell Copper Mine Prefeasibility Study (PFS) demonstrates highly attractive economics for the restart of underground mining operations over an initial 25-year mine life; Low-cost, long-life copper and gold operation with a pre-tax NPV7 of AUD 560 million, IRR of 22% and Life of Mine net cash flow of AUD 1,081 million; Estimated pre-production capital cost of AUD 279 million with average C1 costs for the first 10 years of steady-state operations of USD 1.73/lb Cu (including by-product credits); Total estimated production of 555kt of copper and 320koz of gold in concentrate; and PFS Board-approved with immediate progression to Feasibility Study, targeted to be finalised in Q3CY2023. お知らせ • Jan 17
New Century Resources Limited Announces It Has Achieved Two Major Operational Milestone New Century Resources Limited announced that it has achieved two major operational milestones: a rolling 12-month TRIFR of zero at its operations (the Century Mine and Karumba Port Facility) and 1Mt of zinc concentrate produced since the recommencement of operations at Century in 2018. Reported Earnings • Aug 30
Full year 2022 earnings released: AU$0.26 loss per share (vs AU$0.15 loss in FY 2021) Full year 2022 results: AU$0.26 loss per share (down from AU$0.15 loss in FY 2021). Revenue: AU$408.3m (up 47% from FY 2021). Net loss: AU$28.3m (loss widened 162% from FY 2021). Over the next year, revenue is forecast to grow 13%, compared to a 4.3% growth forecast for the Metals and Mining industry in Germany. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 02
First half 2022 earnings: EPS in line with expectations, revenues disappoint First half 2022 results: AU$0.037 loss per share (up from AU$0.11 loss in 1H 2021). Revenue: AU$181.2m (up 44% from 1H 2021). Net loss: AU$3.41m (loss narrowed 53% from 1H 2021). Revenue missed analyst estimates by 781%. Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has fallen by 45% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 28
Full year 2021 earnings released: AU$0.01 loss per share (vs AU$0.012 loss in FY 2020) The company reported a solid full year result with improved revenues and control over costs, although losses increased. Full year 2021 results: Revenue: AU$278.0m (up AU$277.6m from FY 2020). Net loss: AU$10.8m (loss widened 33% from FY 2020). Over the last 3 years on average, earnings per share has increased by 112% per year but the company’s share price has fallen by 45% per year, which means it is significantly lagging earnings. Breakeven Date Change • Jul 01
Forecast breakeven pushed back to 2022 The 2 analysts covering New Century Resources previously expected the company to break even in 2021. New consensus forecast suggests the company will make a profit of AU$71.0m in 2022. Average annual earnings growth of 67% is required to achieve expected profit on schedule.