Dragon Mining Full Year 2023 Earnings: EPS: AU$0.033 (vs AU$0.016 in FY 2022)

Dragon Mining (HKG:1712) Full Year 2023 Results

Key Financial Results

• Revenue: AU$60.5m (up 15% from FY 2022).
• Net income: AU$5.19m (up 109% from FY 2022).
• Profit margin: 8.6% (up from 4.7% in FY 2022).
• EPS: AU$0.033 (up from AU$0.016 in FY 2022).

1712 Production and Reserves

Gold

• Proved and probable reserves (ore): 4.2 Mt (4.2 Mt in FY 2022)

All figures shown in the chart above are for the trailing 12 month (TTM) period

The primary driver behind last 12 months revenue was the Sweden segment contributing a total revenue of AU$55.8m (92% of total revenue). Notably, cost of sales worth AU$54.6m amounted to 90% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to AU$5.36m (90% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of AU$5.18m. Explore how 1712's revenue and expenses shape its earnings.

Dragon Mining shares are up 24% from a week ago.

Risk Analysis

We should say that we've discovered 2 warning signs for Dragon Mining that you should be aware of before investing here.

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