공시 • Apr 17
IGO Limited to Report Q3, 2026 Results on Apr 24, 2026 IGO Limited announced that they will report Q3, 2026 results on Apr 24, 2026 공시 • Mar 03
Medallion Metals Limited (ASX:MM8) acquired Forrestania Nickel Operation from IGO Limited (ASX:IGO). Medallion Metals Limited (ASX:MM8) entered into a binding Asset Sale Agreement to acquire Forrestania Nickel Operation from IGO Limited (ASX:IGO) on August 4, 2025. As consideration for the purchase of Forrestania Nickel Operation, Medallion Metals Limited will grant to IGO Limited a 1.5% Net Smelter Return Royalty on any gold produced. If the agreement is terminated before completion for reasons other than IGO Limited's default, Medallion Metals Limited must pay IGO Limited a Break Fee that accrues over time, calculated as 50% of Direct Project Costs for the first four months after the Agreement's execution and 100% thereafter until termination
The transaction is subject to approval by regulatory board / committee, approval of offer by acquirer board, obtaining financing and third party approval needed. The expected completion of the transaction is late 2025. As per the announcement dated December 10, 2025 the transaction is expected to close on February 20, 2025. Medallion Metals is pleased to announce it has selected Trafigura Pte Ltd (“Trafigura”) to exclusively arrange and provide a prepayment facility and copper concentrate and gold dore purchase agreements for the proposed development of the Ravensthorpe Gold Project (“RGP”) and processing operations at Forrestania. Subject to the satisfaction of relevant conditions precedent including technical, financial and legal due diligence and relevant approvals, the proposed Facility is for up to AUD 77 million with a four-year term commencing from initial disbursement, including a one-year grace period followed by a three-year repayment period. Development activities will commence following confirmation that all conditions precedent to the completion of the Forrestania acquisition1 (Transaction) have been waived or satisfied, at which time the Transaction will proceed to completion. Confirmation that the Transaction conditions precedent have been satisfied or waived is expected on or before February 20, 2026, with completion expected to occur on or before February 27, 2026. As of February 27, 2026 all conditions precedent to the acquisition of the Forrestania Nickel Operation from IGO Limited pursuant to the conditional binding Asset Sale Agreement have been satisfied or waived. The Transaction will now progress to completion with handover targeted to occur today at 5pm Friday 27 February 2026.
Medallion Metals Limited (ASX:MM8) completed the acquisition of Forrestania Nickel Operation from IGO Limited (ASX:IGO) on March 2, 2026. 공시 • Feb 11
IGO Limited to Report First Half, 2026 Results on Feb 19, 2026 IGO Limited announced that they will report first half, 2026 results on Feb 19, 2026 공시 • Feb 06
Rumble Resources Limited (ASX:RTR) completed the acquisition of remaining 70% stake in E28/2528, E28/2595, and E28/2529 from IGO Limited (ASX:IGO). Rumble Resources Limited (ASX:RTR) agreed to acquire remaining 70% stake in E28/2528, E28/2595, and E28/2529 from IGO Limited (ASX:IGO) for AUD 0.3 million on April 7, 2025. The consideration consists of common equity of Rumble Resources Limited having a value of AUD 0.3 million to be issued for assets of E28/2528, E28/2595, and E28/2529. Upon completion, Rumble Resources Limited will own 100% stake in E28/2528, E28/2595, and E28/2529.
Rumble Resources Limited (ASX:RTR) completed the acquisition of remaining 70% stake in E28/2528, E28/2595, and E28/2529 from IGO Limited (ASX:IGO) on February 6, 2026. 공시 • Dec 22
IGO Limited to Report Q2, 2026 Results on Jan 29, 2026 IGO Limited announced that they will report Q2, 2026 results on Jan 29, 2026 공시 • Dec 03
IGO Limited Announces CFO Changes, Effective 1 April 2026 IGO Limited announced that it appointed Johan van Vuuren as Chief Financial Officer of the Company, effective April 1, 2026. van Vuuren replaces Ms Kathleen Bozanic as Chief Financial Officer and will report to Ivan Vella, Managing Director and Chief Executive Officer. Most recently, van Vuuren held the role of Senior Vice President Corporate Development for Maaden in Saudi Arabia and served on the Board of Meridian and the Executive Committee of Manara Minerals. In addition to his extensive experience in mining, van Vuuren has worked in a range of other industries including energy, petrochemicals, manufacturing, aviation, renewable energy and waste management. van Vuuren will commence with the Company on April 1, 2026, following the end of his tenure with Maaden. Bozanic has agreed to extend her tenure with the Company to ensure an orderly handover can occur. 공시 • Oct 28
IGO Limited to Report Q1, 2026 Results on Oct 30, 2025 IGO Limited announced that they will report Q1, 2026 results Pre-Market on Oct 30, 2025 공시 • Sep 09
IGO Limited, Annual General Meeting, Nov 19, 2025 IGO Limited, Annual General Meeting, Nov 19, 2025. 공시 • Jun 26
IGO Limited Announces Appointment of Suzanne (Suzy) Retallack as Chief People and Sustainability Officer, Effective 15 September 2025 IGO Limited announced appointment of Suzanne (Suzy) Retallack as Chief People and Sustainability Officer, effective 15 September 2025. Suzy was most recently Chief Safety & Sustainability Officer for Newmont Corporation, where she was also responsible for Corporate Affairs for Newmont Australia. Suzy has global experience in mining, working across a range of functions including Health and Wellbeing, Safety, Environment, Security, Sustainability at Newmont and Rio Tinto. Suzy holds a Bachelor of Science in Psychology from the University of Western Australia, a Bachelor of Science in Occupational Therapy and a Master of Business Administration from Curtin University. 공시 • Jan 01
IGO Limited to Report Fiscal Year 2025 Results on Aug 28, 2025 IGO Limited announced that they will report fiscal year 2025 results on Aug 28, 2025 공시 • Nov 29
Medallion Metals Limited (ASX:MM8) acquired certain assets of the Forrestania Nickel Operation by IGO Limited from IGO Limited (ASX:IGO) for AUD 15 million. Medallion Metals Limited (ASX:MM8) signed a letter of intent to acquire certain assets of the Forrestania Nickel Operation by IGO Limited from IGO Limited (ASX:IGO) for AUD 15 million on August 8, 2024. A cash consideration of AUD 15 million will be paid by Medallion Metals Limited. As part of consideration, AUD 15 million is paid towards assets of certain assets of the Forrestania Nickel Operation by IGO Limited.
The transaction is subject to consummation of due diligence investigation.
Medallion Metals Limited (ASX:MM8) completed the acquisition of certain assets of the Forrestania Nickel Operation by IGO Limited from IGO Limited (ASX:IGO) on November 28, 2024. Declared Dividend • Sep 01
Final dividend of AU$0.26 announced Shareholders will receive a dividend of AU$0.26. Ex-date: 11th September 2024 Payment date: 26th September 2024 Dividend yield will be 10.0%, which is higher than the industry average of 4.8%. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 100x earnings). However, it is well covered by cash flows (42% cash payout ratio). The dividend has increased by an average of 20% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 11,020% to bring the payout ratio under control. EPS is expected to grow by 158% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Reported Earnings • Aug 29
Full year 2024 earnings released: EPS: AU$0.004 (vs AU$0.72 in FY 2023) Full year 2024 results: EPS: AU$0.004 (down from AU$0.72 in FY 2023). Revenue: AU$860.2m (down 16% from FY 2023). Net income: AU$2.80m (down 100% from FY 2023). Profit margin: 0.3% (down from 54% in FY 2023). Revenue is expected to decline by 38% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Europe are expected to grow by 1.9%. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. 공시 • Aug 29
IGO Limited Announces Resignation of Kathryn Barker as Joint Company Secretary IGO Limited announced that Ms. Kathryn (Kate) Barker has resigned as Joint Company Secretary, effective 30 August 2024. 공시 • Aug 13
Albemarle Reportedly May Look to Offload 49% Stake in Greenbushes Lithium Mine to IGO Speculation is mounting that US-based Albemarle Corporation (NYSE:ALB) may be considering selling down its 49% stake in the Greenbushes lithium mine to its Australian-listed partner IGO Limited (ASX:IGO), after the world's largest lithium producer this month slashed jobs and shut part of a processing facility in Western Australia. Greenbushes in WA is a global standout, and there is scepticism about the market chatter, although IGO wants to buy more of the asset should it be available, say sources. IGO did not comment. One reason a sale may be on the table is that Greenbushes does not qualify for the Inflation Reduction Act benefits in the US because of its partial Chinese ownership of 25.1%. To quality, Chinese ownership would need to be 24.9% or less, although the US government may show some leniency. IGO and China's Tianqi both own 51% in a joint venture arrangement. US-based lithium specialist Albemarle owns the remainder. The Australian reported last month that Albemarle, Tianqi and IGO would be taking the brakes off the giant Greenbushes mine despite low lithium prices, with the mine set to lift production over the next year as IGO intensifies its hunt for growth opportunities. New Risk • Aug 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.0% 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: Minor Risks Dividend is not well covered by earnings (185% payout ratio). Share price has been volatile over the past 3 months (7.0% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (24% net profit margin). Board Change • Aug 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Marcelo de Almeida Bastos was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. 공시 • Jul 12
IGO Limited Announces Company Secretary Changes IGO Limited announced the appointment of Ms. Rebecca Gordon as Company Secretary of the Company. Ms. Gordon is an experienced Company Secretary and lawyer, with expertise and skills in legal matters and advice, compliance and corporate governance functions in Australian and international companies. Ms. Gordon also holds a Bachelor of Laws, Bachelor of Commerce and Master of Business Administration and is a graduate of the Australian Institute of Company Directors. Ms. Gordon replaces Ms. Joanne McDonald as Company Secretary. Ms. McDonald has been with IGO for more than eight years and the Board sincerely thanks her for her significant contribution to the Company's growth and wishes her well in her future endeavours. IGO's Chief Legal Officer, Ms. Kate Barker, will continue as Joint Company Secretary. 공시 • Jul 04
IGO Limited Appoints Marcelo Bastos as Independent Non-Executive Director Anglo American plc announced that Marcelo Bastos, an independent Non-Executive Director of the Company, was appointed as an independent non-executive director of IGO Limited on 1 July 2024. 공시 • Apr 21
IGO Limited, Annual General Meeting, Nov 06, 2024 IGO Limited, Annual General Meeting, Nov 06, 2024. Upcoming Dividend • Mar 05
Upcoming dividend of AU$0.11 per share Eligible shareholders must have bought the stock before 12 March 2024. Payment date: 27 March 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 11%. Within top quartile of German dividend payers (5.1%). Higher than average of industry peers (4.4%). Reported Earnings • Feb 25
First half 2024 earnings released: EPS: AU$0.38 (vs AU$0.81 in 1H 2023) First half 2024 results: EPS: AU$0.38 (down from AU$0.81 in 1H 2023). Revenue: AU$438.2m (down 19% from 1H 2023). Net income: AU$288.3m (down 53% from 1H 2023). Profit margin: 66% (down from 113% in 1H 2023). Revenue is forecast to decline by 29% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. 공시 • Feb 01
South32 Limited Commences Proceedings Against IGO Ltd in the Supreme Court of Western Australia Regis Resources Ltd. (Regis) notes IGO's announcement (IGO Announcement) advising that South32 Limited (South32) has commenced proceedings against IGO Ltd. (IGO) in the Supreme Court of Western Australia (Supreme Court Proceedings). In substance, South32 is seeking a court declaration in relation to the interpretation of the Agreement for the Sale of Assets and Mining Tenements dated 1 August 1997 (as subsequently amended, assigned or novated) (the Royalty Agreement). Regis understands that South32 alleges that properly interpreted, it is owed royalty payments under the Royalty Agreement at the rate of 1.5% of gross revenue from 100% of production from the Tropicana Gold Project, and is also seeking interest and costs. IGO, being the current counterparty to the Royalty Agreement, has announced that it disputes the allegations and intends to strongly defend the claim. Regis is not a party to the Royalty Agreement or the Supreme Court Proceedings. However, Regis is interested in the outcome of the Supreme Court Proceedings because there is overlap in the area over which South32 is claiming a royalty is payable, and the Tropicana Gold Project. Under the Asset Sale Agreement for the 30% interest in the Tropicana Gold Project between Regis and IGO, Regis assumed liability for the royalty to the extent it may apply to any of the Tropicana Gold Project after its acquisition (Transferred Royalty). Also, under the Asset Sale Agreement Regis agreed to indemnify IGO for liability arising in relation to the Transferred Royalty on the terms of the Asset Sale Agreement. Regis' view at the time of the acquisition was, and remains, that no amount is due under the Royalty Agreement in respect of current operations at the Tropicana Gold Project, and Regis intends to take appropriate action to protect its position. 공시 • Jan 25
IGO Limited to Report First Half, 2024 Results on Feb 22, 2024 IGO Limited announced that they will report first half, 2024 results on Feb 22, 2024 Valuation Update With 7 Day Price Move • Dec 19
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to €5.55, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 9x in the Metals and Mining industry in Europe. Total returns to shareholders of 61% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €7.60 per share. New Risk • Nov 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.2% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.2% average weekly change). Large one-off items impacting financial results. Buying Opportunity • Sep 07
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 4.7%. The fair value is estimated to be €10.78, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Earnings per share has grown by 74%. For the next 3 years, revenue is forecast to decline by 8.3% per annum. Earnings is forecast to grow by 5.6% per annum over the same time period. Upcoming Dividend • Sep 06
Upcoming dividend of AU$0.60 per share at 6.0% yield Eligible shareholders must have bought the stock before 13 September 2023. Payment date: 28 September 2023. Payout ratio is on the higher end at 80%, however this is supported by cash flows. Trailing yield: 6.0%. Within top quartile of German dividend payers (4.8%). Lower than average of industry peers (8.8%). 공시 • Sep 01
IGO Limited Declarers Special Dividend for the Year Ended June 30, 2023, Payable on September 28, 2023 On 30 August 2023, the IGO Limited resolved to pay special dividend of 16 cents per share for the year ended June 30, 2023, fully franked, to be paid on September 28, 2023. Reported Earnings • Aug 31
Full year 2023 earnings released: EPS: AU$0.72 (vs AU$0.44 in FY 2022) Full year 2023 results: EPS: AU$0.72 (up from AU$0.44 in FY 2022). Revenue: AU$1.03b (up 14% from FY 2022). Net income: AU$549.1m (up 66% from FY 2022). Profit margin: 53% (up from 37% in FY 2022). Revenue is forecast to decline by 4.4% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Aug 02
Now 20% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be €10.43, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 62%. For the next 3 years, revenue is forecast to decline by 4.3% per annum. Earnings is also forecast to decline by 2.5% per annum over the same time period. 공시 • May 06
Metal Hawk Limited (ASX:MHK) signed a binding agreement to acquire remaining 51% stake in Kanowna East, Emu Lake and Fraser South projects in Western Australia from IGO Limited (ASX:IGO) for AUD 0.26 million. Metal Hawk Limited (ASX:MHK) signed a binding agreement to acquire remaining 51% stake in Kanowna East, Emu Lake and Fraser South projects in Western Australia from IGO Limited (ASX:IGO) for AUD 0.26 million on May 4, 2023. The transaction will result in IGO’s shareholding in Metal Hawk increasing from 5.4% to 8.2%. The payment for IGO’s 51% interest in the Fraser South, Kanowna East and Emu Lake Projects consists of 2 million fully paid MHK shares and 2 million MHK options. Buying Opportunity • Apr 27
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 22%. The fair value is estimated to be €10.02, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 62%. For the next 3 years, revenue is forecast to decline by 2.9% per annum. Earnings is also forecast to decline by 16% per annum over the same time period. Valuation Update With 7 Day Price Move • Apr 19
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €8.80, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 8x in the Metals and Mining industry in Europe. Total returns to shareholders of 272% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €12.19 per share. Board Change • Mar 22
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Sam Hogg was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. 공시 • Feb 18
IGO Limited Commences Ground Exploration Activities at the Greenbushes East Exploration Project Located Adjacent to the Greenbushes Lithium Mine IGO Limited has commenced ground exploration activities at the Greenbushes East Exploration Project located adjacent to the Greenbushes Lithium Mine . IGO, together with their lithium JV partner, Tianqi Lithium Corporation, hold a controlling interest in the adjoining Greenbushes Lithium Mine. VMC's subsidiary has entered a binding transaction with a subsidiary of IGO. Geochemical Survey targeting lithium totaling 1350 soil samples Approximately 500 soil samples to be collected at 100m x 200m spacing and approximately 850 soil samples to be collected at 160m spacing. This survey will provide a project-wide framework for further targeting and will supplement previous geochemical surveys in specific target areas. Ground EM Survey testing priority target for Ni-Cu-PGE sulphides Two lines will be completed across a priority platinum-palladium-nickel- copper (Pt-Pd-Ni-Cu) target that was outlined by previous exploration carried out by VMC; completion of the ground EM survey is expected by mid-March 2023. Ground Gravity Survey Approximately 700 survey stations at 250m spacing across all granted tenements of the Project will assist with delineating geological structures and higher- & lower-density bedrock, for example, mafic-ultramafic intrusions & rare metal pegmatites. The survey is estimated to be completed in March 2023. VMC's Greenbushes East Exploration Project comprises five granted tenements held by Venus Subsidiary, E70/5315, E70/5316, E70/5620, E70/5712 and E70/6009, and one exploration application, E70/5675. The VMC tenements are subject to a Farm-in and Joint Venture Agreement in which IGO Subsidiary can progressively acquire up to a 70% interest in the Greenbushes East Exploration Project by incurring AUD 6,000,000 of exploration expenditure on the Project. IGO's Subsidiary will sole fund all Joint Venture expenditure until the completion of a pre-feasibility study in relation to the Project. If IGO's Subsidiary completes a pre-feasibility study, it has the right to acquire Venus Subsidiary's 30% interest in the Project for a price based on fair market value. Should IGO's Subsidiary elect not to acquire the 30% interest, the parties will continue to be associated in an unincorporated Joint Venture under which the IGO Subsidiary must use reasonable endeavors to market and process all Joint Venture product, including Venus Subsidiary's share. Under the Agreement IGO purchased 9,000,000 fully paid ordinary shares in VMC, making IGO a substantial shareholder. The western boundary of the VMC tenure abuts the Greenbushes mining leases. Geological mapping and reconnaissance surface sampling by VMC within an area of potassic alteration (>9 km2) located pegmatite outcrops. In the south of E70/5315, an ultrafine soil (UF) survey discovered a strong lithium (Li) anomaly, approx. 20 km southeast of the Greenbushes Lithium Mine. Significantly, this Li anomaly is associated with elevated tin (Sn). Elevated tungsten (W) and tantalum (Ta) concentrations adjoin the Li anomaly to the west . The Greenbushes East Exploration Project falls within the West Yilgarn Ni-Cu-PGE Province first outlined by Chalice Mining Limited that covers an area of c. 1,200km X 100km and extends from the Narryer Terrane in the north to the Southwest Terrane in the south. The Greenbushes East Exploration Project abuts Chalice's and Venture Minerals' Southwest Project. A historical Heliborne Electromagnetic (HEM) survey indicated a conductor closely associated with a strong magnetic anomaly that appears to be the northern extension of the Thor Target magnetic trend. A review and remodeling of the geophysical data including a new 3D inversion of magnetic data further highlights a coincident HEM/magnetic target. Rock chip and laterite geochemical data combined with historical data identified several target areas for potential mafic-ultramafic hosted Ni-Cu-PGE mineralization. One of these areas, located in the east of E70/5315, coincides with an aeromagnetic high and a HEM anomaly. Geochemical soil sampling detected anomalous concentrations of Pt, Pd and base metals in the ultrafine soil fraction where mafic-ultramafic intrusive rocks crop out nearby. An EM survey across this target is scheduled for March 2023. 공시 • Jan 31
IGO Limited Announces Ordinary Fully Franked Dividend for the Six Months Ended 31 December 2022, Payable on 31 March 2023 IGO Limited announced ordinary fully franked dividend of AUD 0.14000000 for the six months ended 31 December 2022. Ex Date is 16 March 2023, Record Date is 17 March 2023 and Payment Date is 31 March 2023. 공시 • Jan 25
IGO Limited Announces the Appointment of Samantha Hogg to its Board as an Independent Non-Executive Director IGO Limited announced the appointment of highly experienced mining executive Ms. Samantha Hogg to its Board as an independent Non-executive Director. Samantha's appointment is effective 25 January 2023. Samantha is an experienced executive with international experience across the transport, infrastructure, energy and resources sectors. She has held senior executive positions at Transurban Group and Western Mining Company across a broad range of portfolios including finance, strategic projects, marketing and corporate services. Her most recent executive role was as the Chief Financial Officer of Transurban Group. Samantha is also a non-executive director of Cleanaway Waste Management Limited, Adbri Limited and Chair of Marinus Link Pty Ltd. Samantha has held non-executive director positions with De Grey Mining Limited, Australian Renewable Energy Agency, TasRail, MaxiTRANS Industries Limited, Hydro Tasmania and Infrastructure Australia, and was formerly a board member of the National COVID-19 Commission Advisory Board. Following the appointment of Ms Hogg, the Board of IGO is as follows: Michael Nossal, Non-executive Chair; Trace Arlaud, Non-executive Director; Debra Bakker, Non-executive Director; Samantha Hogg, Non-executive Director; Justin Osborne, Non-executive Director; Keith Spence, Non-executive Director; and Xiaoping Yang, Non-executive Director. 공시 • Jan 02
IGO Limited to Report Q1, 2024 Results on Oct 30, 2023 IGO Limited announced that they will report Q1, 2024 results on Oct 30, 2023 Recent Insider Transactions • Nov 18
Independent Non-Executive Director recently bought €110k worth of stock On the 11th of November, Xiaoping Yang bought around 10k shares on-market at roughly €11.02 per share. This transaction increased Xiaoping's direct individual holding by 3x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold €3.7m more in shares than they bought in the last 12 months. Recent Insider Transactions • Nov 03
Independent Non-Executive Director recently bought €96k worth of stock On the 1st of November, Justin Osborne bought around 10k shares on-market at roughly €9.60 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold €3.7m more in shares than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Sep 14
Investor sentiment improved over the past week After last week's 17% share price gain to €10.11, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 5x in the Metals and Mining industry in Europe. Total returns to shareholders of 173% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €16.62 per share. Upcoming Dividend • Sep 08
Upcoming dividend of AU$0.05 per share Eligible shareholders must have bought the stock before 15 September 2022. Payment date: 30 September 2022. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (10%). Upcoming Dividend • Sep 08
Upcoming dividend of AU$0.05 per share Eligible shareholders must have bought the stock before 15 September 2022. Payment date: 30 September 2022. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (10%). Reported Earnings • Aug 31
Full year 2022 earnings released: EPS: AU$0.44 (vs AU$0.17 in FY 2021) Full year 2022 results: EPS: AU$0.44 (up from AU$0.17 in FY 2021). Revenue: AU$902.8m (up 34% from FY 2021). Net income: AU$330.9m (up 183% from FY 2021). Profit margin: 37% (up from 17% in FY 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 24%, compared to a 4.4% growth forecast for the Metals and Mining industry in Germany. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Buying Opportunity • Jul 18
Now 26% undervalued after recent price drop Over the last 90 days, the stock is down 37%. The fair value is estimated to be €8.23, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.9% over the last 3 years. Earnings per share has grown by 11%. For the next 3 years, revenue is forecast to grow by 8.8% per annum. Earnings is also forecast to grow by 5.0% per annum over the same time period. Recent Insider Transactions • Mar 11
Independent Non-Executive Chairman recently bought €131k worth of stock On the 9th of March, Michael P. Nossal bought around 15k shares on-market at roughly €8.70 per share. This was the largest purchase by an insider in the last 3 months. This was Michael P.'s only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment improved over the past week After last week's 18% share price gain to €8.90, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 6x in the Metals and Mining industry in Europe. Total returns to shareholders of 222% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €4.11 per share. Upcoming Dividend • Feb 24
Upcoming dividend of AU$0.05 per share Eligible shareholders must have bought the stock before 03 March 2022. Payment date: 18 March 2022. Payout ratio is a comfortable 60% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of German dividend payers (3.4%). Lower than average of industry peers (8.3%). Reported Earnings • Feb 01
First half 2022 earnings: EPS in line with analyst expectations despite revenue beat First half 2022 results: EPS: AU$0.12 (up from AU$0.033 in 1H 2021). Revenue: AU$378.4m (up 21% from 1H 2021). Net income: AU$90.7m (up 360% from 1H 2021). Profit margin: 24% (up from 6.3% in 1H 2021). The increase in margin was primarily driven by higher revenue. Revenue exceeded analyst estimates by 15%. Over the next year, revenue is forecast to grow 9.3%, compared to a 16% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth. Buying Opportunity • Jan 28
Now 27% undervalued Over the last 90 days, the stock is up 15%. The fair value is estimated to be AU$9.75, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.2% per annum over the last 3 years. Earnings per share has grown by 20% per annum over the last 3 years. Reported Earnings • Sep 05
Full year 2021 earnings released: EPS AU$0.17 (vs AU$0.15 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: AU$671.7m (up 12% from FY 2020). Net income: AU$116.8m (up 35% from FY 2020). Profit margin: 17% (up from 14% in FY 2020). The increase in margin was driven by higher revenue. Production and reserves: Nickel Production: 29,002 t (30,436 t in FY 2020) Proved and probable reserves (ore): 9 Mt (9.5 Mt in FY 2020) Number of mines: 1 (1 in FY 2020) Gold Production: 109.42 troy koz (138.93 troy koz in FY 2020) Number of mines: 1 (1 in FY 2020) Copper Production: 13,022 t (13,772 t in FY 2020) Proved and probable reserves (ore): 9 Mt (9.5 Mt in FY 2020) Number of mines: 1 (1 in FY 2020) Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Jan 30
First half 2021 earnings released: EPS AU$0.09 (vs AU$0.17 in 1H 2020) The company reported a poor first half result with weaker earnings, revenues and profit margins. First half 2021 results: Revenue: AU$462.4m (down 2.5% from 1H 2020). Net income: AU$54.2m (down 46% from 1H 2020). Profit margin: 12% (down from 21% in 1H 2020). Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Analyst Estimate Surprise Post Earnings • Jan 30
Revenue beats expectations Revenue exceeded analyst estimates by 5.8%. Over the next year, revenue is forecast to grow 3.9%, compared to a 13% growth forecast for the Metals and Mining industry in Germany. Valuation Update With 7 Day Price Move • Jan 08
Investor sentiment improved over the past week After last week's 22% share price gain to AU$4.70, the stock is trading at a trailing P/E ratio of 28.8x, up from the previous P/E ratio of 23.6x. This compares to an average P/E of 15x in the Metals and Mining industry in Europe. Total returns to shareholders over the past three years are 58%. Is New 90 Day High Low • Jan 05
New 90-day high: €4.10 The company is up 56% from its price of €2.62 on 07 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 45% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.26 per share. 
