お知らせ • Aug 19
Tucano Gold Inc. entered into a definitive agreement to acquire Mina Tucano Ltda and Tucano Resources Mineração Ltda from Great Panther Mining Limited (OTCPK:GPLD.F) and others for RM BRL0.000002 million. Tucano Gold Inc. entered into a definitive agreement to acquire Mina Tucano Ltda and Tucano Resources Mineração Ltda from Great Panther Mining Limited (OTCPK:GPLD.F) and others for RM BRL0.000002 million on August 17, 2023. This is done along with the submission of a proposed payment plan to Mina Tucano's creditors which, if approved and confirmed by the court, will see operations resume in Q4´23 and make Mina Tucano the largest employer in the state of Amapá, Brazil. Reported Earnings • Aug 05
Second quarter 2022 earnings: EPS and revenues miss analyst expectations Second quarter 2022 results: US$0.25 loss per share. Revenue: US$30.0m (down 42% from 2Q 2021). Net loss: US$12.1m (loss widened 20% from 2Q 2021). Revenue missed analyst estimates by 3.7%. Earnings per share (EPS) also missed analyst estimates by 13%. Over the next year, revenue is forecast to grow 30% while the industry in the US is not expected to grow. Reported Earnings • May 13
First quarter 2022 earnings: EPS and revenues exceed analyst expectations First quarter 2022 results: US$0.02 loss per share (down from US$0.001 loss in 1Q 2021). Revenue: US$33.4m (down 36% from 1Q 2021). Net loss: US$8.89m (loss widened US$8.55m from 1Q 2021). Revenue exceeded analyst estimates by 5.1%. Earnings per share (EPS) also surpassed analyst estimates by 20%. Over the next year, revenue is forecast to grow 37%, compared to a 10% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has fallen by 38% per year, which means it is significantly lagging earnings. Board Change • Apr 27
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Trudy Curran was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 04
Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2021 results: US$0.12 loss per share (down from US$0.001 profit in FY 2020). Revenue: US$185.7m (down 29% from FY 2020). Net loss: US$42.2m (down US$42.6m from profit in FY 2020). Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) exceeded analyst estimates by 33%. Over the next year, revenue is forecast to grow 10%, compared to a 12% growth forecast for the mining industry in the US. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 35% per year, which means it is significantly lagging earnings. Price Target Changed • Feb 09
Price target decreased to US$0.63 Down from US$1.25, the current price target is an average from 3 analysts. New target price is 217% above last closing price of US$0.20. Stock is down 77% over the past year. The company is forecast to post a net loss per share of US$0.10 compared to earnings per share of US$0.00099 last year. Price Target Changed • Jan 09
Price target increased to US$1.25 Up from US$1.16, the current price target is an average from 3 analysts. New target price is 468% above last closing price of US$0.22. Stock is down 74% over the past year. The company is forecast to post a net loss per share of US$0.10 compared to earnings per share of US$0.00099 last year. Reported Earnings • Nov 05
Third quarter 2021 earnings released: US$0.05 loss per share (vs US$0.053 profit in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: US$38.4m (down 50% from 3Q 2020). Net loss: US$18.0m (down 197% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Price Target Changed • Aug 25
Price target decreased to US$1.44 Down from US$1.60, the current price target is an average from 4 analysts. New target price is 194% above last closing price of US$0.49. Stock is down 52% over the past year. Board Change • Aug 25
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 1 experienced director. 1 highly experienced director. Independent Director Peter Jennings is the most experienced director on the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • May 07
First quarter 2021 earnings released The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: US$52.6m (up 9.4% from 1Q 2020). Net loss: US$331.0k (loss narrowed 99% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 17
Full year 2020 earnings released: EPS US$0.001 (vs US$0.33 loss in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: US$260.8m (up 31% from FY 2019). Net income: US$334.0k (up US$91.4m from FY 2019). Profit margin: 0.1% (up from net loss in FY 2019). Production and reserves: Gold Production: 133.03 troy koz (118.49 troy koz in FY 2019) Proved and probable reserves (ore): 9.8 Mt (9.119 Mt in FY 2019) Number of mines: 3 (3 in FY 2019) Silver Production: 1,118.1 troy koz (1,529.4 troy koz in FY 2019) Number of mines: 2 (2 in FY 2019) Zinc Production: 1,714 t (2,576 t in FY 2019) Number of mines: 1 (1 in FY 2019) Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Executive Departure • Mar 17
Chief Financial Officer has left the company On the 15th of March, Jim Zadra's tenure as Chief Financial Officer ended after 8.7 years in the role. As of December 2020, Jim personally held 373.01k shares (US$318k worth at the time). A total of 3 executives have left over the last 12 months. Analyst Estimate Surprise Post Earnings • Nov 11
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 5.0%. Earnings per share (EPS) also surpassed analyst estimates by 25%. Over the next year, revenue is forecast to grow 32%, compared to a 17% growth forecast for the Metals and Mining industry in the US. Reported Earnings • Nov 11
Third quarter 2020 earnings released: EPS US$0.053 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: US$77.0m (up 8.5% from 3Q 2019). Net income: US$18.6m (up US$27.8m from 3Q 2019). Profit margin: 24% (up from net loss in 3Q 2019). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 65% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Nov 07
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 5.0%. Earnings per share (EPS) also surpassed analyst estimates by 25%. Over the next year, revenue is forecast to grow 32%, compared to a 17% growth forecast for the Metals and Mining industry in the US. Reported Earnings • Nov 07
Third quarter 2020 earnings released: EPS US$0.05 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: US$77.0m (up 8.5% from 3Q 2019). Net income: US$18.6m (up US$24.8m from 3Q 2019). Profit margin: 24% (up from net loss in 3Q 2019). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 65% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Oct 29
New 90-day low: US$0.76 The company is down 8.0% from its price of US$0.82 on 31 July 2020. The American market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$3.70 per share.