Has the U.K. Gold Industry valuation changed over the past few years?

Investors are more pessimistic on the industry, indicating that they anticipate long-term growth rates will be lower than they have historically. The industry is trading at a PE ratio of 5.4x which is lower than its 3-year average PE of 10.1x.

How does U.K. Gold compare with similar industries?

There is insufficient data on the sub-industries of this industry.

U.K. (FTSE) Gold Industry Analysis

Date	Market Cap	Revenue	Earnings	PE
Sat, 28 May 2022	UK£4.9b	UK£4.9b	UK£897.3m	5.4x
Mon, 25 Apr 2022	UK£5.5b	UK£4.8b	UK£912.1m	6.4x
Wed, 23 Mar 2022	UK£4.7b	UK£4.7b	UK£884.0m	6.7x
Fri, 18 Feb 2022	UK£10.2b	UK£4.6b	UK£1.0b	6.9x
Sun, 16 Jan 2022	UK£10.1b	UK£4.6b	UK£1.0b	6.6x
Tue, 14 Dec 2021	UK£10.8b	UK£4.7b	UK£1.1b	7.2x
Thu, 11 Nov 2021	UK£12.2b	UK£4.6b	UK£1.1b	7.8x
Sat, 09 Oct 2021	UK£11.3b	UK£4.6b	UK£1.0b	7.3x
Mon, 06 Sep 2021	UK£12.4b	UK£4.5b	UK£1.0b	9.6x
Wed, 04 Aug 2021	UK£12.1b	UK£4.5b	UK£1.0b	9.4x
Sat, 08 May 2021	UK£12.3b	UK£4.5b	UK£986.7m	10.1x
Tue, 09 Feb 2021	UK£13.3b	UK£4.5b	UK£945.6m	10.1x
Mon, 02 Nov 2020	UK£13.4b	UK£4.6b	UK£849.0m	9.6x
Thu, 06 Aug 2020	UK£15.7b	UK£4.5b	UK£735.6m	9.7x
Sun, 10 May 2020	UK£12.2b	UK£4.3b	UK£624.1m	11.5x
Sat, 01 Feb 2020	UK£10.0b	UK£3.8b	UK£489.4m	16.1x
Tue, 05 Nov 2019	UK£9.4b	UK£3.8b	UK£375.9m	8.5x
Fri, 09 Aug 2019	UK£8.2b	UK£3.5b	UK£349.3m	12.5x


GB Market	2.55%
Materials	4.69%
Metals and Mining	5.14%
Gold	-0.43%
Diversified Metals and Mining	5.68%
Steel	3.55%
Copper	3.17%
Precious Metals and Minerals	1.59%
Aluminum	0%
Silver	0%

Company	Last Price	7D	1Y	Valuation
SOLG SolGold	UK£0.32	7.5% +UK£51.6m	-6.8%	PB3x
HOC Hochschild Mining	UK£1.15	8.8% +UK£47.8m	-41.2%	PS9.7x
POG Petropavlovsk	UK£0.017	13.3% +UK£7.9m	-93.2%	PS3.7x
XTR Xtract Resources	UK£0.052	7.1% +UK£3.0m	25.0%	PS35.5x
BMV Bluebird Merchant Ventures	UK£0.025	19.0% +UK£2.5m	-40.5%	PS2.6x

May 08

Pan African Resources PLC Explores Extensions of Ore Bodies At Barberton Mines with Recently Completed Underground Drilling Programme

Pan African Resources PLC advised shareholders that drilling into the down-dip extents of the ore bodies yielded successful and significant high-grade drilling results, with visible gold in several drill intersections and development ends. Fairview Mine exploits some of the grade gold ore bodies globally, with the Main Reef Complex (MRC) averaging over 40g/t with a mining width in excess of 6m and the Rossiter Reef averaging around 20g/t over a mining width of circa 2.5m. Additional Mineral Reserves with average grades of nearly 15g/t are also extracted at the Fairview Mine, including the Hope Reef. The MRC, being mined below 64 Level, is the grade orebody currently being extracted at Barberton Mines. A total of six diamond drill holes were recently completed to explore the immediate down-dip extent from the currently mined platform (258) to the next platform (259). These drill holes resulted in the delineation of the Mineral Resource on the 259 platform elevation of an estimated 24.5kt at 42.6g/t. A single platform at Barberton Mines is currently mined over a period of approximately 3 years. The down-dip of this orebody is still open and informs the 20 year life of mine of the Fairview operation. Mining of the Rossiter Reef occurs on the 52 Level elevation. The up-dip and down-dip extents of the Rossiter Reef remain open. Eleven diamond drill holes have been drilled into the 54 Level down-dip target of the Rossiter Reef. The boreholes drilled intersected significant free gold mineralisation with grades ranging from 29g/t over 2.9m to 165g/t over 0.7m, in different boreholes. The combined drilling results yielded an additional Mineral Resource block of an estimated 3.6kt grading 55.3g/t, which will support mining in the next financial year. The Hope Reef is mined on 64 Level at an average grade of 6g/t, with both the down-dip and the up-dip extents of the orebody being open. Reserve delineation of this ore body targeted the up-dip continuation up to 58 Level with a total of 15 underground diamond holes drilled to delineate the up-dip extent. These boreholes resulted in an additional Mineral Resource block with an estimated 25kt grading 7.5g/t, to supplement Fairview Mine’s overall Mineral Resources. Mining at Sheba Mine recently progressed into the down-dip Mineral Resources of the ZK ore body on 37 Level. The ZK ore body is typically a free gold carrying deposit. A total of ten diamond holes have been drilled to explore the ZK orebody between the 37 Level and 38 Level elevations. These drill holes were utilised to upgrade the existing Inferred Mineral Resource block to the measured category, and contains an estimated 3kt at 5.2g/t. Additionally, shallow Mineral Resources on the Northern Limb at 22 Level elevation were explored with an initial two diamond boreholes. Hole 23GM12 yielded 2.3g/t over 1m, 23GM11 yielded 7.2g/t over 1m and 8.3g/t over 1m in two successive structures. Eight additional boreholes into this ore body are planned for in the next financial year (FY23). On 23 Level, a further eleven diamond holes were drilled to explore the up-dip extent of the 260 Cross Fracture. Results of the drilling ranged from 10.7g/t over 0.7m to 184.2g/t over 0.8m. All the drill hole results, of which an extract of high-grade intersections from two boreholes. Following the successful intersection of the high-grade, free gold-yielding orebody at 42 Level PC shaft at Consort Mine, a Reserve delineation drilling programme was planned to explore the down-dip continuation of this high-grade ore body. Borehole 45BH5 intersected a high-grade free gold carrying structure at the 44 Level elevation, indicating the down-dip extent of the 42 Level ore body for at least another two levels. The assay results from this intersection yielded 72.8g/t over 0.86m. All the drill hole results will be taken into account to update the Group’s Mineral Resource and Mineral Reserve models, and will be presented with the Company’s annual results on 14 September 2022. The Barberton Mines exploration results (in relation to substantial mineral assets) comply with the SAMREC Code, as per paragraph 12.12(a) of the JSE Listings Requirements. The listed drill holes yielded additional Mineral Resource blocks in excess of 58kt at an average grade over 25g/t, combined.

U.K. (FTSE) Gold Industry Analysis

Industry Valuation and Performance

Industry Comparison

Top Stock Gainers and Losers

Latest News

SOLG

SolGold PLC Provides Update on Mineral Resource Estimate for Its Tandayama-America Porphyry Copper-Gold Deposit At the Cascabel Project in Northern Ecuador

CEY

CFO & Executive Director recently bought UK£55k worth of stock

CGH

Chaarat Announces Results of the Revised JORC Compliant Tulkubash Mineral Resource Estimate and Ore Reserves Estimate Following the 2021 Drilling Programme

SGZ

Scotgold Resources (LON:SGZ) Is Carrying A Fair Bit Of Debt

WSBN

Wishbone Gold plc Completes Survey at Red Setter Gold-Copper Project Located 13 Km South-West of the Telfer Gold Mine

XTR

Xtract Resources Receives Bushranger Project Assay Results

GGP

Is Greatland Gold (LON:GGP) A Risky Investment?

POG

Petropavlovsk PLC to Report Q4, 2021 Results on May 31, 2022

PAF

Pan African Resources PLC Explores Extensions of Ore Bodies At Barberton Mines with Recently Completed Underground Drilling Programme

CGNR

Conroy Gold and Natural Resources plc Announce the Commencement of Drilling Programme of C.3,000M on Its Clontibret Gold Target in Ireland

HOC

Upcoming dividend of US$0.023 per share

POLY

High number of new directors

BMV

No independent directors

ALTN

Price target increased to UK£3.90

AAU

Less than half of directors are independent

ECR

ECR Minerals plc Provides Update on Drilling at HR3, Bailieston