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SolGold

TSX:SOLG
Snowflake Description

Adequate balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SOLG
TSX
£739M
Market Cap
  1. Home
  2. CA
  3. Materials
Company description

SolGold plc, together with its subsidiaries, engages in the exploration of mineral properties in Ecuador, Australia, and Solomon Islands. The last earnings update was 39 days ago. More info.


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SOLG Share Price and Events
7 Day Returns
9.1%
TSX:SOLG
1.7%
CA Metals and Mining
-0%
CA Market
1 Year Returns
75.6%
TSX:SOLG
-3.9%
CA Metals and Mining
2.6%
CA Market
SOLG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
SolGold (SOLG) 9.1% 14.3% 30.9% 75.6% - -
CA Metals and Mining 1.7% -0.5% 14.3% -3.9% 15% -18.9%
CA Market -0% 0.4% 15% 2.6% 16.8% 5.3%
1 Year Return vs Industry and Market
  • SOLG outperformed the Metals and Mining industry which returned -3.9% over the past year.
  • SOLG outperformed the Market in Canada which returned 2.6% over the past year.
Price Volatility
SOLG
Industry
5yr Volatility vs Market

Value

 Is SolGold undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for SolGold. This is due to cash flow or dividend data being unavailable. The share price is CA$0.72.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for SolGold's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are SolGold's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:SOLG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in AUD A$-0.03
LSE:SOLG Share Price ** LSE (2019-03-22) in GBP £0.4
LSE:SOLG Share Price converted to AUD reporting currency Exchange rate (GBP/ AUD) 1.862 A$0.75
Canada Metals and Mining Industry PE Ratio Median Figure of 115 Publicly-Listed Metals and Mining Companies 13.35x
Canada Market PE Ratio Median Figure of 551 Publicly-Listed Companies 14.94x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of SolGold.

TSX:SOLG PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= LSE:SOLG Share Price ÷ EPS (both in AUD)

= 0.75 ÷ -0.03

-28.38x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • SolGold is loss making, we can't compare its value to the CA Metals and Mining industry average.
  • SolGold is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does SolGold's expected growth come at a high price?
Raw Data
TSX:SOLG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -28.38x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
37.9%per year
Canada Metals and Mining Industry PEG Ratio Median Figure of 35 Publicly-Listed Metals and Mining Companies 0.65x
Canada Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.22x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for SolGold, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on SolGold's assets?
Raw Data
TSX:SOLG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in AUD A$0.19
LSE:SOLG Share Price * LSE (2019-03-22) in GBP £0.4
LSE:SOLG Share Price converted to AUD reporting currency Exchange rate (GBP/ AUD) 1.862 A$0.75
Canada Metals and Mining Industry PB Ratio Median Figure of 1,081 Publicly-Listed Metals and Mining Companies 1.46x
Canada Market PB Ratio Median Figure of 2,351 Publicly-Listed Companies 1.57x
TSX:SOLG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:SOLG Share Price ÷ Book Value per Share (both in AUD)

= 0.75 ÷ 0.19

4.04x

* Primary Listing of SolGold.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • SolGold is overvalued based on assets compared to the CA Metals and Mining industry average.
X
Value checks
We assess SolGold's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. SolGold has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is SolGold expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
37.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is SolGold expected to grow at an attractive rate?
  • Unable to compare SolGold's earnings growth to the low risk savings rate as it is expected to be loss making during the next 1-3 years.
Growth vs Market Checks
  • Unable to compare SolGold's earnings growth to the Canada market average as it is expected to be loss making during the next 1-3 years.
  • Unable to compare SolGold's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSX:SOLG Future Growth Rates Data Sources
Data Point Source Value (per year)
TSX:SOLG Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 37.9%
Canada Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 34.4%
Canada Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 6.9%
Canada Market Earnings Growth Rate Market Cap Weighted Average 18.1%
Canada Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSX:SOLG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:SOLG Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-06-30 0 -52 3
2022-06-30 0 -17 2
2021-06-30 0 -40 -16 3
2020-06-30 0 -11 -15 3
2019-06-30 2 -6 -11 3
TSX:SOLG Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-12-31 -10 -46
2018-09-30 -8 -18
2018-06-30 -8 -20
2018-03-31 -8 -19
2017-12-31 -6 -18
2017-09-30 -6 -9
2017-06-30 -5 -4
2017-03-31 0 -5 -5
2016-12-31 0 -6 -3
2016-09-30 0 -4 -6
2016-06-30 -3 -5
2016-03-31 0 -2 -5

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • SolGold is not considered high growth as it is expected to be loss making for the next 1-3 years.
  • Unable to determine if SolGold is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSX:SOLG Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from SolGold Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:SOLG Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-06-30
2022-06-30
2021-06-30 -0.01 -0.01 -0.01 1.00
2020-06-30 -0.01 -0.01 -0.01 1.00
2019-06-30 -0.01 -0.01 -0.01 1.00
TSX:SOLG Past Financials Data
Date (Data in AUD Millions) EPS *
2018-12-31 -0.03
2018-09-30 -0.01
2018-06-30 -0.01
2018-03-31 -0.01
2017-12-31 -0.01
2017-09-30 -0.01
2017-06-30 0.00
2017-03-31 0.00
2016-12-31 0.00
2016-09-30 -0.01
2016-06-30 -0.01
2016-03-31 -0.01

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if SolGold will efficiently use shareholders’ funds in the future (Return on Equity greater than 20%) as it is not expected to be profitable.
X
Future performance checks
We assess SolGold's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
SolGold has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has SolGold performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare SolGold's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • SolGold does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare SolGold's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare SolGold's 1-year growth to the CA Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
SolGold's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from SolGold Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:SOLG Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 -45.66 43.92
2018-09-30 -18.01 15.02
2018-06-30 -19.52 15.57
2018-03-31 -19.24 18.82
2017-12-31 -17.58 18.83
2017-09-30 -9.45 13.26
2017-06-30 -4.42 8.23
2017-03-31 0.00 -4.50 5.31
2016-12-31 0.00 -2.72 0.53
2016-09-30 0.00 -5.63 2.77
2016-06-30 -5.47 2.55
2016-03-31 0.00 -4.75 2.81
2015-12-31 -0.01 -4.04 3.08
2015-09-30 0.00 -4.12 3.07
2015-06-30 -4.20 3.07
2015-03-31 0.00 -4.82 2.95
2014-12-31 0.01 -5.44 2.83
2014-09-30 0.00 -5.14 2.74
2014-06-30 -4.83 2.65
2014-03-31 0.00 -17.08 2.55
2013-12-31 -0.01 -29.33 2.44
2013-09-30 0.00 -29.61 2.54
2013-06-30 -29.90 2.63
2013-03-31 -0.09 -25.75 2.98
2012-12-31 -0.18 -21.61 3.33
2012-09-30 -0.09 -22.06 3.73
2012-06-30 -22.51 4.12
2012-03-31 0.06 -13.20 3.98

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if SolGold has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if SolGold has efficiently used its assets last year compared to the CA Metals and Mining industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if SolGold improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess SolGold's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
SolGold has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is SolGold's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up SolGold's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • SolGold is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • SolGold has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of SolGold's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • SolGold has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from SolGold Company Filings, last reported 2 months ago.

TSX:SOLG Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 344.03 0.00 118.24
2018-09-30 235.54 0.00 54.47
2018-06-30 230.44 0.00 81.83
2018-03-31 226.44 0.00 105.11
2017-12-31 230.81 0.00 138.44
2017-09-30 158.33 0.00 78.48
2017-06-30 163.97 0.00 89.31
2017-03-31
2016-12-31 108.77 0.00 56.12
2016-09-30 34.98 4.78 0.09
2016-06-30 34.98 4.78 0.09
2016-03-31 34.98 4.78 0.09
2015-12-31 30.97 3.37 0.35
2015-09-30 30.97 3.37 0.35
2015-06-30 30.36 0.00 0.32
2015-03-31 30.36 0.00 0.32
2014-12-31 29.51 0.00 1.07
2014-09-30 29.51 0.00 1.07
2014-06-30 29.57 0.00 4.55
2014-03-31 29.57 0.00 4.55
2013-12-31 24.69 0.00 3.56
2013-09-30 24.69 0.00 3.56
2013-06-30 18.80 0.02 0.88
2013-03-31 18.80 0.02 0.88
2012-12-31 44.31 0.11 1.76
2012-09-30 44.31 0.11 1.76
2012-06-30 39.78 0.13 0.44
2012-03-31 39.78 0.13 0.44
  • SolGold has no debt.
  • SolGold had no debt 5 years ago.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • SolGold has less than a year of cash runway based on current free cash flow.
  • SolGold has less than a year of cash runway if free cash flow continues to grow at historical rates of 86.1% each year.
X
Financial health checks
We assess SolGold's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. SolGold has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is SolGold's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from SolGold dividends. Estimated to be 0% next year.
If you bought CA$2,000 of SolGold shares you are expected to receive CA$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate SolGold's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate SolGold's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSX:SOLG Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
Canada Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 28 Stocks 1.1%
Canada Market Average Dividend Yield Market Cap Weighted Average of 331 Stocks 3.6%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.1%
Canada Bottom 25% Dividend Yield 25th Percentile 2%
Canada Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

TSX:SOLG Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2023-06-30
2022-06-30
2021-06-30 0.00 1.00
2020-06-30 0.00 1.00
2019-06-30 0.00 1.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as SolGold has not reported any payouts.
  • Unable to verify if SolGold's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of SolGold's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as SolGold has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of SolGold's dividends in 3 years as they are not expected to pay a notable one for Canada.
X
Income/ dividend checks
We assess SolGold's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can SolGold afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. SolGold has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of SolGold's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Nick Mather
COMPENSATION A$4,833,528
AGE 61
TENURE AS CEO 3.8 years
CEO Bio

Mr. Nicholas Mather, also known as Nick, B.Sc. (Hons, Geology) (Univ. QLD), MAusIMM, has been the Chief Executive Officer of SolGold plc since May 17, 2015 and serves as its Managing Director. Mr. Mather serves as an Executive Chairman of Samuel Capital Limited. He has been Executive Chairman at Armour Energy Limited since 2011. He has been Non-Executive Director of Ironridge Resources Limited since May 24, 2018. He served as Executive Chairman of Ironridge Resources Limited from 2007 to May 23, 2018 and as its Executive Director from August 24, 2007 to May 24, 2018. He serves as the Managing Director and Chief Executive Officer of DGR Global Limited (formerly D Aguilar Gold Ltd.). Mr. Mather serves as the Managing Director of D Aguilar Gold Ltd. Mr. Mather serves as the Chairman, Chief Executive Officer and Managing Director at D'Aguilar Gold Ltd. He serves as the President of Western Pacific Gold Inc. He serves as an Executive Director of Solomon Gold Plc (LSE AIM). He has been an Executive Director of DGR Global Limited since October 26, 2001. He serves as an Executive Director of Aus Tin Mining Limited. He has been an Executive Director of SolGold plc since May 11, 2005. He is the Founder of DGR Global Limited (ASX). Mr. Mather is a Co-Founder of SolGold plc (known as Solomon Gold Plc) and served as its Chief Executive Officer from May 11, 2005 to October 31, 2011 and Managing Director. Mr. Mather has 26 years experience in the management and corporate financing of resource companies. He Co-Founded Bow Energy Ltd. He served as the Chief Executive Officer of Solomon Gold from May 11, 2005 to October 31, 2011 and also served as its Managing Director until October 31, 2011. Mr. Mather is Co-Founder of Solomon Gold Plc (AIM) and D'Aguilar Gold Ltd. He was Founder of Waratah Coal Inc. and Arrow Energy NL. He served as the Chief Executive Officer of BeMax Resources NL. He served as the Head of Corporate Development and Executive Director at Arrow Energy Holdings Pty Ltd. He served as an Associate at Western America Capital Group. He served as an Executive Director of Arrow Energy NL from 2000 to 2004 and was responsible for corporate and project development. Mr. Mather served as Managing Director of BeMaX Resources NL from 1997 to 2000 and was instrumental in the discovery of the Ginkgo heavy mineral strandline, the largest heavy mineral sand resource in the Murray Basin in 1998. He served as Managing Director of D Aguilar Gold Ltd., until January 1, 2008. Mr. Mather served as Managing Director of Auralia Resources NL, prior to its merger with Ross Mining NL in 1995. His career has taken him to a variety of countries exploring for precious and base metals and fossil fuels. He has focused his attention on the identification and investment in large resource exploration projects. As an Investor, securing projects and financiers, leading exploration campaigns and managing emerging resource companies. He has been the Non-Executive Chairman of Dark Horse Resources Limited (formerly Navaho Gold Limited) since 2003. He served as the Chairman of Waratah Coal Inc. until December 2008. Mr. Mather has been a Director of D Aguilar Gold Ltd., since October 26, 2001. He has been a Non-Executive Director of Lakes Oil NL since February 1, 2012. He serves as a Director at Tekton Minerals Pte. Ltd. He serves as a Non-Executive Director at Taronga Mines Limited. He serves as a Non-Executive Director of Navaho Gold Limited, Western Pacific Gold Inc. and Western America Capital Group. He served as a Non-Executive Director at Aus Tin Mining Limited since October 21, 2010. He served as Non-Executive Director of Bow Energy Limited from September 17, 2004 to January 2012 and Orbis Gold Limited until February 16, 2015. He served as an Independent Director of Salmon River Resources Ltd since March 27, 1996. He served as a Non Executive Director of Waratah Coal Inc., from December 5, 2006 to December 2008. Mr. Mather served as a Director of Lgl Ballarat Operations Pty Ltd from October 14, 2002 to August 27, 2004. He served as a Director of Mogul Mining NL (now Wineplanet) for six years. He is a Geologist and is a Fellow of the Australasian Institute of Mining and Metallurgy. Mr. Mather holds BS Degree (Honours) Graduate Degree in Geology from the University of Queensland in 1979.

CEO Compensation
  • Nick's compensation has increased whilst company is loss making.
  • Nick's remuneration is higher than average for companies of similar size in Canada.
Management Team Tenure

Average tenure and age of the SolGold management team in years:

8.3
Average Tenure
52.5
Average Age
  • The average tenure for the SolGold management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Nick Mather

TITLE
CEO, MD & Executive Director
COMPENSATION
A$5M
AGE
61
TENURE
3.8 yrs

Priy Jayasuriya

TITLE
Chief Financial Officer
AGE
43
TENURE
8.3 yrs

Steve Garwin

TITLE
Chief Technical Advisor
AGE
55

Karl Schlobohm

TITLE
Company Secretary
AGE
50
TENURE
9.8 yrs

Jason Ward

TITLE
Consultant & Country Manager
Board of Directors Tenure

Average tenure and age of the SolGold board of directors in years:

4
Average Tenure
60.5
Average Age
  • The tenure for the SolGold board of directors is about average.
Board of Directors

Brian Moller

TITLE
Non-Executive Chairman
COMPENSATION
A$743K
AGE
60
TENURE
6.1 yrs

Nick Mather

TITLE
CEO, MD & Executive Director
COMPENSATION
A$5M
AGE
61
TENURE
13.8 yrs

Robert Weinberg

TITLE
Senior Independent Director
COMPENSATION
A$450K
AGE
71

Craig Jones

TITLE
Non-Executive Director
COMPENSATION
A$450K
AGE
47
TENURE
2 yrs

James Clare

TITLE
Non-Executive Director
COMPENSATION
A$12K
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
15. Jan 19 Buy BHP Group Company 08. Nov 18 08. Nov 18 2,596,826 CA$0.39 CA$1,009,646
26. Nov 18 Buy Newcrest Mining Limited Company 26. Nov 18 26. Nov 18 6,712,200 CA$0.63 CA$4,226,876
X
Management checks
We assess SolGold's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. SolGold has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

SolGold plc, together with its subsidiaries, engages in the exploration of mineral properties in Ecuador, Australia, and Solomon Islands. The company primarily explores for gold, copper, and silver deposits. Its flagship project is the Cascabel project that covers an area of approximately 50 square kilometers located in Quito, Ecuador. The company was formerly known as Solomon Gold plc and changed its name to SolGold plc in May 2012. SolGold plc was incorporated in 2005 and is based in Brisbane, Australia.

Details
Name: SolGold plc
SOLG
Exchange: TSX
Founded: 2005
£1,307,339,810
1,846,321,033
Website: http://www.solgold.com.au
Address: SolGold plc
111 Eagle Street,
Level 27,
Brisbane,
Queensland, 4000,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE SOLG Ordinary Shares London Stock Exchange GB GBP 10. Feb 2006
OTCPK SLGG.F Ordinary Shares Pink Sheets LLC US USD 10. Feb 2006
TSX SOLG Ordinary Shares The Toronto Stock Exchange CA CAD 10. Feb 2006
Number of employees
Current staff
Staff numbers
455
SolGold employees.
Industry
Gold
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/24 00:43
End of day share price update: 2019/03/22 00:00
Last estimates confirmation: 2019/03/21
Last earnings filing: 2019/02/13
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.