Meridian Mining UK Societas Past Earnings Performance

Past criteria checks 0/6

Meridian Mining UK Societas has been growing earnings at an average annual rate of 5.5%, while the Metals and Mining industry saw earnings growing at 28.9% annually. Revenues have been declining at an average rate of 77.8% per year.

Key information

5.5%

Earnings growth rate

5.4%

EPS growth rate

Metals and Mining Industry Growth	27.4%
Revenue growth rate	-77.8%
Return on equity	-79.8%
Net Margin	n/a
Last Earnings Update	31 Dec 2023

Recent past performance updates

Recent updates

We Think Meridian Mining UK Societas (TSE:MNO) Can Afford To Drive Business Growth

Jan 10

Is Meridian Mining UK Societas (TSE:MNO) In A Good Position To Deliver On Growth Plans?

Sep 09

We're Hopeful That Meridian Mining UK Societas (TSE:MNO) Will Use Its Cash Wisely

Nov 05

We're Keeping An Eye On Meridian Mining UK Societas' (TSE:MNO) Cash Burn Rate

Jul 14

Here's Why We're Watching Meridian Mining UK Societas' (CVE:MNO) Cash Burn Situation

Mar 14

Will Meridian Mining UK Societas (CVE:MNO) Spend Its Cash Wisely?

Nov 29

Here's Why We're Not Too Worried About Meridian Mining UK Societas' (CVE:MNO) Cash Burn Situation

Aug 10

Revenue & Expenses Breakdown
Beta

How Meridian Mining UK Societas makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

TSX:MNO Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses
31 Dec 23	0	-12	12
30 Sep 23	0	-10	10
30 Jun 23	0	-8	9
31 Mar 23	0	-4	10
31 Dec 22	0	1	9
30 Sep 22	0	-12	11
30 Jun 22	0	-16	11
31 Mar 22	0	-28	9
31 Dec 21	0	-38	9
30 Sep 21	0	-22	5
30 Jun 21	0	-22	4
31 Mar 21	0	-13	3
31 Dec 20	0	-8	2
30 Sep 20	3	-22	3
30 Jun 20	4	-16	4
31 Mar 20	5	-18	4
31 Dec 19	6	-18	4
30 Sep 19	8	-12	3
30 Jun 19	7	-12	3
31 Mar 19	6	-12	4
31 Dec 18	10	-11	4
30 Sep 18	11	-8	7
30 Jun 18	12	-9	8
31 Mar 18	12	-12	11
31 Dec 17	10	-15	12
30 Sep 17	10	-14	12
30 Jun 17	9	-14	13
31 Mar 17	9	-11	11
31 Dec 16	6	-9	10
30 Sep 16	2	-10	10
31 Dec 15	0	-8	10

Quality Earnings: MNO is currently unprofitable.

Growing Profit Margin: MNO is currently unprofitable.

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: MNO is unprofitable, but has reduced losses over the past 5 years at a rate of 5.5% per year.

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

Earnings vs Industry: MNO is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-22.5%).

Return on Equity

High ROE: MNO has a negative Return on Equity (-79.8%), as it is currently unprofitable.

Meridian Mining UK Societas Past Earnings Performance

Past criteria checks 0/6

Key information

Recent past performance updates

Full year 2020 earnings released: US$0.073 loss per share (vs US$0.11 loss in FY 2019)

Recent updates

Price target decreased by 11% to CA$1.67

Meridian Mining UK Societas has completed a Follow-on Equity Offering in the amount of CAD 17.5 million.

Meridian Mining UK Societas, Annual General Meeting, Jun 04, 2024

Meridian Mining UK Societas has filed a Follow-on Equity Offering in the amount of CAD 15.001 million.

New minor risk - Financial position

Meridian Mining UK Societas Reports on Cabaçal's Met Testing, Drill Results, and Permit Update

Meridian's PFS Drill Program Returns Multiple Wide, Shallow Mineralized Intercepts at Cabaçal

Meridian Mining UK. S Announces Strong Results from Its First Bore Hole Electromagnetic Surveys at its Santa Helena High-Grade Deposit

Meridian Mining UK S Commences Cabaçal's PFS & Advances Santa Helena Resource Delineation in Expansion of the Cabaçal Belt's Hub and Spoke Strategy

We Think Meridian Mining UK Societas (TSE:MNO) Can Afford To Drive Business Growth

Price target increased by 14% to CA$2.13

Meridian Mining UK S Defines Initial Exploration Target of 3.2 - 7.3 Mt at 3.0 - 3.2g/t AuEq at Santa Helena

Meridian Mining UK Reports Further Drill Results at Santa Helena & Cabacal Deposit

Meridian Mining Uk Societas Appoints Mr. Bruce Mcleod as New Independent Director

Meridian Mining Uk S Reports Gold and Base Metal Assays Up to 6.7% Cueq At Santa Helena

Meridian Mining Uk Societas Announces Appointment of Neil Gregson as New Independent Director

Meridian Mining UK S Confirms High-Grade Gold at Santa Helena

Meridian Mining UK Societas Reports Its First Drill Results in the Santa Helena Copper, Gold, Silver and Zn Mine

Is Meridian Mining UK Societas (TSE:MNO) In A Good Position To Deliver On Growth Plans?

Meridian Mining UK Societas Announces Management Changes

Meridian Mining Appoints Erich Marques as Chief Geologist

Meridian Mining Uk Societas Announces Appointment of Mr. Douglas E. Ford as New Independent Director

Meridian Mining UK S Provides an Update on Its Programs at Cabacal

Meridian Mining UK S Announces Resignation of Gilbert Clark as Executive Chairman

Meridian Mining UK S Announces Board Changes

Meridian Mining UK Societas Provides an Update on Its Geophysical Program At Cabaçal, with A Mise-A-La-Masse Survey

Meridian Mining Provides Update on Ongoing Drill Program At Cabaçal

Meridian Mining UK Societas Provides an Update on the Uncovering of the Most Significant Copper Anomaly At the Cabaçal Project

Meridian Mining UK Societas Announces Management Changes

Meridian Mining UK Societas Reports Multiple Strong Drill Results from the Cabaçal Gold-Copper VMS Deposit

Meridian Mining UK Societas announced that it expects to receive CAD 3.2501 million in funding

Meridian Mining Uk. S Report Further Assays from Drilling At the Cabaçal Gold-Copper Vms Deposit

Price target decreased to CA$1.83

High number of new and inexperienced directors

We're Hopeful That Meridian Mining UK Societas (TSE:MNO) Will Use Its Cash Wisely

Meridian Mining UK Societas Reports Further Assays from the Cabaçal Gold-Copper VMS Deposit

Meridian Mining UK S Announces Maiden Mineral Resource Estimate for Cabaçal Deposit

Meridian Mining UK Societas Provides an Update on Its Cabaçal Mine Corridor Exploration Program

Meridian Delivers Inaugural Cabaçal Database for Third Quarter 2022 Maiden Resource Estimation

Meridian Reports Initial Metallurgical Testwork Results from Cabaçal

We're Keeping An Eye On Meridian Mining UK Societas' (TSE:MNO) Cash Burn Rate

Meridian Mining UK Societas Reports Further Significant Copper-Gold-Silver Results from Cabaçal

Meridian Mining UK S Announces Extensive Exploration Update Within the 11Km Long Cabaçal Mine Corridor

Meridian Announces Discovery of New GoldSilver System at Cabaçal

President exercised options to buy CA$391k worth of stock.

Meridian Mining UK Societas Drills Significant Visible Gold Within the Cabaçal Mine & Reports Further Northwest Extension Results

Meridian Mining Uk Societas Announces the First Results of Its Ongoing Gravity Survey over Its Espigão Copper-Gold Polymetallic Project in Rondônia, Brazil

Meridian Mining UK S Announces Assays Broadest Zone of Copper-Gold Mineralization in the CNWE

Price target increased to CA$2.25

Chief Financial Officer recently sold CA$91k worth of stock

High number of new and inexperienced directors

Meridian Mining UK S Announces Multiple Holes Have Confirmed a 2nd Structure Hosting High Grade Gold Overprinting the Copper-Gold VMS Layers

Chief Financial Officer recently sold CA$91k worth of stock

Independent Director exercised options to buy CA$1.1m worth of stock.

Meridian Mining UK Societas, Annual General Meeting, Jun 28, 2022

Meridian Mining UK S Discovers New Surface Gold Trend at Cabaçal

Meridian Mining UK Societas Outlines Expanded Gold Potential of Cabaçal's Saint Helena Deposit

Here's Why We're Watching Meridian Mining UK Societas' (CVE:MNO) Cash Burn Situation

Meridian Mining UK Societas Reports Shallow High-Grade Zone of 64.3M @ 1.9% Cueq from 22.0M at Cabaçal

Independent Director exercised options to buy CA$538k worth of stock.

Meridian Mining UK Societas Announces Executive Changes

Meridian Announces Appointment of Ms. Mariana Bermudez to the Position of Corporate Secretary

Meridian Mining UK Appoints Tommy Humphreys to Its Advisory Board

Meridian Mining UK S Reports High Grade Gold-In-Soil Result in the Cabaçal Mine Corridor

Meridian Mining UK S Provides Update on Results from its Ongoing Drilling and Exploration Programs at its Camp Scale Cabaçal Copper-Gold VMS Project in Mato Grosso, Brazil

Meridian Mining UK S Provide an Update on Its Landbank for the Camp Scale Cabaçal Copper-Gold VMS Project in Mato Grosso, Brazil

Meridian Mining UK Societas Hits Visible Gold Within Strong Copper Zone During Metallurgical Drill Program

Will Meridian Mining UK Societas (CVE:MNO) Spend Its Cash Wisely?

Meridian Mining UK Societas to Expand Cabaçal Drill Program and Provides Project Update

Price target increased to CA$1.60

Meridian Mining UK Societas Reports Further Significant High Grade Gold Along At Cabaçal Northwest Extension

Independent Director exercised options to buy CA$814k worth of stock.

Meridian Mining UK S Report Assay Results from Its Ongoing Resource Delineation and Exploration Program At Its Cabaçal Copper-Gold Camp Scale VMS Project in Mato Grosso, Brazil

Meridian Mining UK Societas Provides Exploration Update on Cabaçal West

Revenue & Expenses Breakdown
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