De Grey Mining Past Earnings Performance

Past criteria checks 0/6

De Grey Mining's earnings have been declining at an average annual rate of -40.3%, while the Metals and Mining industry saw earnings growing at 20.7% annually. Revenues have been declining at an average rate of 8.1% per year.

Key information

-40.3%

Earnings growth rate

-24.1%

EPS growth rate

Metals and Mining Industry Growth	22.3%
Revenue growth rate	-8.1%
Return on equity	-1.3%
Net Margin	-41,458.3%
Last Earnings Update	30 Jun 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How De Grey Mining makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

CHIA:DEG Revenue, expenses and earnings (AUD Millions)
Date	Revenue	Earnings	G+A Expenses
30 Jun 24	0	-17	26
31 Mar 24	1	-18	24
31 Dec 23	2	-19	22
30 Sep 23	1	-19	21
30 Jun 23	0	-19	19
31 Mar 23	0	-15	15
31 Dec 22	0	-12	11
30 Sep 22	0	-11	11
30 Jun 22	1	-11	10
31 Mar 22	1	-9	8
31 Dec 21	1	-8	7
30 Sep 21	1	-7	6
30 Jun 21	1	-5	5
31 Mar 21	0	-5	5
31 Dec 20	0	-5	5
30 Sep 20	0	-5	5
30 Jun 20	0	-4	4
31 Mar 20	1	-3	4
31 Dec 19	1	-2	3
30 Sep 19	1	-2	3
30 Jun 19	1	-2	3
31 Mar 19	1	-1	1
31 Dec 18	0	0	0
30 Sep 18	0	-1	1
30 Jun 18	0	-2	2
31 Mar 18	0	-4	4
31 Dec 17	0	-6	6
30 Sep 17	0	-4	4
30 Jun 17	0	-3	3
31 Mar 17	0	-3	2
31 Dec 16	0	-2	2
30 Sep 16	0	-1	1
30 Jun 16	0	-1	1
31 Mar 16	0	-1	1
31 Dec 15	0	0	1
30 Sep 15	0	0	1
30 Jun 15	0	0	1
31 Mar 15	0	0	1
31 Dec 14	0	0	1
30 Sep 14	1	0	1
30 Jun 14	1	0	1
31 Mar 14	0	-1	2
31 Dec 13	0	-2	2

Quality Earnings: DEG is currently unprofitable.

Growing Profit Margin: DEG is currently unprofitable.

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: DEG is unprofitable, and losses have increased over the past 5 years at a rate of 40.3% per year.

Accelerating Growth: Unable to compare DEG's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: DEG is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (3.9%).

Return on Equity

High ROE: DEG has a negative Return on Equity (-1.35%), as it is currently unprofitable.

De Grey Mining Past Earnings Performance

Past criteria checks 0/6

Key information

Recent past performance updates

Full year 2024 earnings released: AU$0.009 loss per share (vs AU$0.013 loss in FY 2023)

First half 2024 earnings released: AU$0.004 loss per share (vs AU$0.005 loss in 1H 2023)

Full year 2023 earnings released: AU$0.012 loss per share (vs AU$0.008 loss in FY 2022)

First half 2023 earnings released: AU$0.005 loss per share (vs AU$0.005 loss in 1H 2022)

Full year 2022 earnings released: AU$0.008 loss per share (vs AU$0.004 loss in FY 2021)

First half 2022 earnings: Revenues and EPS in line with analyst expectations

Recent updates

De Grey Mining Ltd Provides Progress Update on Exploration Activities At the Egina Gold Project

De Grey Mining Limited, Annual General Meeting, Nov 19, 2024

Full year 2024 earnings released: AU$0.009 loss per share (vs AU$0.013 loss in FY 2023)

Forecast to breakeven in 2027

Novo Resources Corp. Provides an Update on Follow-Up Drill Programs At the Becher Project Which Is Part of the Egina Earn-In and Joint Venture with De Grey Mining Limited

New major risk - Shareholder dilution

New minor risk - Profitability

De Grey Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 600.03125 million.

First half 2024 earnings released: AU$0.004 loss per share (vs AU$0.005 loss in 1H 2023)

Lead Independent Non-Executive Director recently sold AU$296k worth of stock

Non-Executive Chairman recently sold AU$303k worth of stock

De Grey Mining Limited, Annual General Meeting, Nov 23, 2023

New major risk - Revenue and earnings growth

Full year 2023 earnings released: AU$0.012 loss per share (vs AU$0.008 loss in FY 2022)

New major risk - Financial position

De Grey Mining Limited Announces the Executive Changes

Technical Director & Director recently sold AU$1.0m worth of stock

First half 2023 earnings released: AU$0.005 loss per share (vs AU$0.005 loss in 1H 2022)

Lead Independent Non-Executive Director recently sold AU$605k worth of stock

De Grey Mining Limited Appoints Mr. Peter Holmes as Hemi Project Director

De Grey Mining Limited Reports an Exploration Update from RC Drilling At Withnell and Withnell South Areas

De Grey Mining Limited Appoints Emma Scotney as an Independent Non-Executive Director

De Grey Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 0.099999 million.

De Grey Mining Limited Provides an Exploration Update on Recent Drilling Activities Within the Greater Hemi Corridor

Less than half of directors are independent

Less than half of directors are independent

De Grey Mining Limited Announces Resignation of Samantha Hogg as Non-Executive Director

De Grey Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 130 million.

De Grey Mining Limited, Annual General Meeting, Nov 24, 2022

Full year 2022 earnings released: AU$0.008 loss per share (vs AU$0.004 loss in FY 2021)

De Grey Mining Limited Announces the Resignation of Eduard Eshuys from the Board

De Grey Mining Limited Announces Prefeasibility Study Outcomes - Mallina Gold Project

De Grey Mining Limited Reports Latest Resource Extension and Infill Drilling Results from the Diucon Deposit At Hemi

De Grey Appoints Paul Harvey as Non-Executive Director

De Grey Mining Limited Reports That the Mallina Gold Project Mineral Resource Estimate (Mre) Update Has Been Completed by Cube Consulting Pty Ltd

De Grey Mining Limited Reports the Results of Pilot Scale Metallurgical Testwork from Its Brolga Zone At Hemi

De Grey Mining Limited Reports the Results of Pilot Scale Metallurgical Testwork from Its Brolga Zone At Hemi

Less than half of directors are independent

First half 2022 earnings: Revenues and EPS in line with analyst expectations

De Grey Mining Limited Announces Outstanding Results from Diucon Deposit at Hemi

De Grey Mining Limited Reports Near Surface High Grade and Depth Extensions At Falcon

De Grey Mining Limited Announces Board Changes

Technical Director & Director recently sold AU$2.2m worth of stock

De Grey Mining Limited Reports Latest Resource Definition Results from the Diucon Deposit At Hemi

De Grey Mining Limited Reports Latest Exploration Results from the Eagle Zone At Hemi

Non-Executive Chairman recently sold AU$599k worth of stock

Full year 2021 earnings released: AU$0.004 loss per share (vs AU$0.004 loss in FY 2020)

De Grey Mining Limited Reports These Latest Exploration Results from the Diucon Deposit

De Grey Mining Limited Provides the Following Drilling Update At the Hemi Gold Discovery

De Grey Mining Limited Provides the Following Drilling Update At the Hemi Gold Discovery, Located Approximately 60Km South of Port Hedland in Western Australia

De Grey Mining Limited Provides Drilling Updates At Diucon – Eagle

De Grey Mining Limited Announces Extensional Results Show Brolga Plunge Potential

First half 2021 earnings released: AU$0.003 loss per share (vs AU$0.002 loss in 1H 2020)

De Grey Mining Limited Announces Rapid Growth at Diucon and Eagle

De Grey Mining Limited Provides Drilling Update at the Hemi Gold Discovery

De Grey Mining Limited Provides Drilling Update At the Hemi Gold Discovery

De Grey Mining Limited Announces Further Metallurgical Testwork Confirms High Gold Recoveries at the Mallina Gold Project

De Grey Mining Limited Provides an Exploration Update for Activities At the Greater Hemi Intrusion Targets, Surrounding the Hemi Gold Discovery, Located Approximately 60Km South of Port Hedland in Western Australia

New 90-day low: AU$0.93

De Grey Mining Limited Provide Exploration Update

New 90-day low: AU$0.94

De Grey Mining Limited Appoints Peter Canterbury as Chief Financial Officer

De Grey Mining Limited Provides Drilling Update At the Hemi Gold Discovery

De Grey Mining Limited Updates on Regional Exploration Activities At the Mallina Gold Project, Located Approximately 60Km South of Port Hedland in Western Australia

New 90-day low: AU$0.97

De Grey Mining Limited Provides Drilling Update At the Hemi Gold Discovery, Port Hedland in Western Australia

De Grey Mining Limited Provides Drilling Update At the Hemi Gold Discovery, Located Approximately 60Km South of Port Hedland in Western Australia

Full year earnings released - AU$0.0041 loss per share

De Grey Mining Limited Provide Drilling Update At the Hemi Gold Discovery, Located Approximately 60Km South of Port Hedland in Western Australia