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Leagold Mining

OTCPK:LMCN.F
Snowflake Description

Adequate balance sheet and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
LMCN.F
OTCPK
CA$513M
Market Cap
  1. Home
  2. US
  3. Materials
Company description

Leagold Mining Corporation engages in the acquisition of gold mining properties and other development projects in Latin America. The last earnings update was 40 days ago. More info.


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LMCN.F Share Price and Events
7 Day Returns
13%
OTCPK:LMCN.F
1.3%
US Metals and Mining
0.5%
US Market
1 Year Returns
-32.2%
OTCPK:LMCN.F
-24.2%
US Metals and Mining
0.8%
US Market
LMCN.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Leagold Mining (LMCN.F) 13% 12.6% -10.2% -32.2% - -
US Metals and Mining 1.3% 1.8% -5.9% -24.2% 4.7% -18.4%
US Market 0.5% 0.2% 1.1% 0.8% 37.4% 37.5%
1 Year Return vs Industry and Market
  • LMCN.F underperformed the Metals and Mining industry which returned -24.2% over the past year.
  • LMCN.F underperformed the Market in United States of America which returned 0.8% over the past year.
Price Volatility
LMCN.F
Industry
5yr Volatility vs Market

Value

 Is Leagold Mining 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
Here we compare the current share price of Leagold Mining to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Leagold Mining.

OTCPK:LMCN.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.8%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:LMCN.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Metals and Mining Unlevered Beta Simply Wall St/ S&P Global 1.03
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.026 (1 + (1- 26.5%) (65.97%))
1.35
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.35
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.35 * 5.96%)
10.78%

Discounted Cash Flow Calculation for OTCPK:LMCN.F using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Leagold Mining is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

OTCPK:LMCN.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 10.78%)
2019 22.64 Analyst x5 20.44
2020 -33.86 Analyst x5 -27.59
2021 57.50 Analyst x2 42.30
2022 50.74 Est @ -11.75% 33.69
2023 46.98 Est @ -7.41% 28.16
2024 44.93 Est @ -4.37% 24.31
2025 43.93 Est @ -2.24% 21.46
2026 43.60 Est @ -0.75% 19.22
2027 43.73 Est @ 0.3% 17.41
2028 44.17 Est @ 1.03% 15.87
Present value of next 10 years cash flows $195.27
OTCPK:LMCN.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $44.17 × (1 + 2.73%) ÷ (10.78% – 2.73%)
$563.92
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $563.92 ÷ (1 + 10.78%)10
$202.63
OTCPK:LMCN.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $195.27 + $202.63
$397.90
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $397.90 / 284.89
$1.89
OTCPK:LMCN.F Discount to Share Price
Calculation Result
Exchange Rate USD/CAD
(Reporting currency to currency of TSX:LMC)
1.338
Value per Share
(CAD)
= Value per Share in USD x Exchange Rate (USD/CAD)
= $1.4 x 1.338
CA$1.87
Non-primary Listing Adjustment Factor 1 share in OTCPK:LMCN.F represents 0.73806x of TSX:LMC
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.73806x
Value per Share
(Listing Adjusted, USD)
= Value per Share (CAD) x Listing Adjustment Factor
= CA$ 1.87 x 0.73806
$1.38
Value per share (USD) From above. $1.38
Current discount Discount to share price of $1.33
= -1 x ($1.33 - $1.38) / $1.38
3.7%

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

Current Discount
Amount off the current price Leagold Mining is available for.
Intrinsic value
4%
Share price is $1.33 vs Future cash flow value of $1.38
Current Discount Checks
For Leagold Mining to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Leagold Mining's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Leagold Mining's share price is below the future cash flow value, but not at a substantial discount (< 40%).
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 Leagold Mining's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Leagold Mining's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:LMCN.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $0.11
TSX:LMC Share Price ** TSX (2019-06-14) in CAD CA$1.8
TSX:LMC Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.747 $1.34
United States of America Metals and Mining Industry PE Ratio Median Figure of 44 Publicly-Listed Metals and Mining Companies 9.15x
United States of America Market PE Ratio Median Figure of 3,091 Publicly-Listed Companies 17.68x

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

** Primary Listing of Leagold Mining.

OTCPK:LMCN.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:LMC Share Price ÷ EPS (both in USD)

= 1.34 ÷ 0.11

12.22x

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

  • Leagold Mining is overvalued based on earnings compared to the US Metals and Mining industry average.
  • Leagold Mining is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Leagold Mining's expected growth come at a high price?
Raw Data
OTCPK:LMCN.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.22x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
Not available
United States of America Metals and Mining Industry PEG Ratio Median Figure of 24 Publicly-Listed Metals and Mining Companies 0.57x
United States of America Market PEG Ratio Median Figure of 2,125 Publicly-Listed Companies 1.52x

*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 Leagold Mining, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Leagold Mining's assets?
Raw Data
OTCPK:LMCN.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $2.08
TSX:LMC Share Price * TSX (2019-06-14) in CAD CA$1.8
TSX:LMC Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.747 $1.34
United States of America Metals and Mining Industry PB Ratio Median Figure of 107 Publicly-Listed Metals and Mining Companies 1.38x
United States of America Market PB Ratio Median Figure of 5,244 Publicly-Listed Companies 1.79x
OTCPK:LMCN.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:LMC Share Price ÷ Book Value per Share (both in USD)

= 1.34 ÷ 2.08

0.65x

* Primary Listing of Leagold Mining.

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

  • Leagold Mining is good value based on assets compared to the US Metals and Mining industry average.
X
Value checks
We assess Leagold Mining'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. Leagold Mining has a total score of 2/6, 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 Leagold Mining 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
22.9%
Expected annual growth in revenue.
Earnings growth vs Low Risk Savings
Is Leagold Mining expected to grow at an attractive rate?
  • Unable to compare Leagold Mining's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Leagold Mining's earnings growth to the United States of America market average as no estimate data is available.
  • Leagold Mining's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:LMCN.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:LMCN.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 22.9%
United States of America Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 18.2%
United States of America Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 5.4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*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
OTCPK:LMCN.F 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 USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:LMCN.F Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 857 251 2
2020-12-31 564 100 3
2019-12-31 535 126 3
OTCPK:LMCN.F Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 447 69 29
2018-12-31 377 48 15
2018-09-30 332 26 16
2018-06-30 281 -2 1
2018-03-31 262 19 -16
2017-12-31 194 5 -8
2017-09-30 128 -10 -12
2017-06-30 67 -8 -13
2017-03-31 1 -5
2016-12-31 -1 -3
2016-09-30 -1 -1
2016-06-30 0 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Leagold Mining is high growth as no earnings estimate data is available.
  • Leagold Mining's revenue is expected to grow significantly at over 20% yearly.
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
OTCPK:LMCN.F 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 Leagold Mining Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:LMCN.F Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31
OTCPK:LMCN.F Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 0.11
2018-12-31 0.07
2018-09-30 0.08
2018-06-30 0.01
2018-03-31 -0.11
2017-12-31 -0.07
2017-09-30 -0.15
2017-06-30 -0.28
2017-03-31 -0.29
2016-12-31 -0.26
2016-09-30 -0.07
2016-06-30 0.02

*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 Leagold Mining will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Leagold Mining'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 United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.
Leagold Mining has a total score of 2/6, 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 Leagold Mining 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 Leagold Mining'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.
  • Leagold Mining has delivered over 20% year on year earnings growth in the past 5 years.
  • Leagold Mining has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Leagold Mining has become profitable in the last year making it difficult to compare the US Metals and Mining industry average.
Earnings and Revenue History
Leagold Mining'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 Leagold Mining Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:LMCN.F Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 446.55 29.22 19.67
2018-12-31 376.51 15.29 15.38
2018-09-30 331.53 15.73 13.61
2018-06-30 281.21 1.11 11.82
2018-03-31 261.77 -16.29 19.41
2017-12-31 193.69 -7.53 18.48
2017-09-30 128.43 -12.02 16.26
2017-06-30 67.48 -13.05 14.90
2017-03-31 -5.29 3.79
2016-12-31 -3.31 2.99
2016-09-30 -0.60 0.71
2016-06-30 0.11 0.02
2016-03-31 -0.03 0.02
2015-12-31 -0.03 0.01
2015-09-30 -0.03 0.02
2015-06-30 -0.02 0.01
2015-03-31 0.01 -0.01
2014-12-31 -0.01 0.00
2014-09-30 -0.03 0.02
2014-06-30 -0.17 0.14
2014-03-31 -0.06 0.24
2013-12-31 -0.07 0.26
2013-09-30 -0.32 0.26
2013-06-30 -0.18 0.18
2013-03-31 -0.42 0.16
2012-12-31 -0.49 0.21
2012-09-30 -0.30 0.27
2012-06-30 -0.38 0.31

*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.
  • Leagold Mining has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Leagold Mining used its assets less efficiently than the US Metals and Mining industry average last year based on Return on Assets.
  • Unable to establish if Leagold Mining improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Leagold Mining'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.
Leagold Mining has a total score of 1/6, 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 Leagold Mining'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 Leagold Mining's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Leagold Mining's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Leagold Mining's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Leagold Mining'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.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.9x debt.
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 Leagold Mining Company Filings, last reported 2 months ago.

OTCPK:LMCN.F Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 593.42 252.74 65.25
2018-12-31 584.04 244.46 53.02
2018-09-30 582.69 243.58 46.95
2018-06-30 568.82 255.63 69.45
2018-03-31 257.92 144.47 52.98
2017-12-31 268.36 143.93 54.04
2017-09-30 265.97 143.46 52.86
2017-06-30 266.56 171.96 65.36
2017-03-31 143.76 0.00 22.13
2016-12-31 24.15 0.00 24.65
2016-09-30 25.37 0.00 25.45
2016-06-30 -0.10 0.10 0.00
2016-03-31 -0.24 0.06
2015-12-31 -0.22 0.05 0.00
2015-09-30 -0.22 0.04 0.00
2015-06-30 -0.22 0.04 0.00
2015-03-31 -0.22 0.04 0.00
2014-12-31 -0.23 0.03 0.00
2014-09-30 -0.23 0.03 0.00
2014-06-30 -0.24 0.03 0.00
2014-03-31 -0.25 0.05 0.00
2013-12-31 -0.24 0.03 0.00
2013-09-30 -0.22 0.00 0.00
2013-06-30 -0.29 0.02 0.00
2013-03-31 -0.22 0.00 0.00
2012-12-31 -0.18 0.03 0.06
2012-09-30 -1.02 0.68 0.00
2012-06-30 -0.96 0.61 0.00
  • Leagold Mining's level of debt (39.4%) compared to net worth is satisfactory (less than 40%).
  • Leagold Mining had negative shareholder equity 5 years ago, it is now positive therefore their debt level has improved.
  • Debt is well covered by operating cash flow (29.4%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.7x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Leagold Mining'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. Leagold Mining 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 Leagold Mining'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 Leagold Mining dividends.
If you bought $2,000 of Leagold Mining shares you are expected to receive $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 Leagold Mining's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Leagold Mining'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
OTCPK:LMCN.F 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
United States of America Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 30 Stocks 2.6%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2011 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

OTCPK:LMCN.F Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31

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

  • Unable to perform a dividend volatility check as Leagold Mining has not reported any payouts.
  • Unable to verify if Leagold Mining's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Leagold Mining's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Leagold Mining has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Leagold Mining's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 Leagold Mining afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Leagold Mining 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 Leagold Mining'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
Neil Woodyer
COMPENSATION $1,500,000
AGE 75
TENURE AS CEO 2.9 years
CEO Bio

Mr. Neil Woodyer, FCA, has been the Chief Executive Officer of Leagold Mining Corporation since July 11, 2016. Mr. Woodyer served as the Chief Executive Officer, President, Founding Partner and also served as Principal of Endeavour Financial Corporation. He has extensive experience in the mining sector developing, implementing and financing strategic growth plans. His experience in the natural resource business spans more than 30 years, including Chief Executive Officer positions with Lloyds International Trading, a subsidiary of Lloyds Bank plc specializing in project and trade finance and commodity trading and of Amalgamated Metal Corporation plc's group of New York and Latin America-based metal trading and mining finance companies. He founded Endeavour Mining Corporation and served as its Chief Executive Officer and President from August 2001 to June 28, 2016. He served as Managing Director of Endeavour Financial. He has been a Non-Independent Director of Leagold Mining Corporation since July 11, 2016. He has been an Independent Director of Endeavour Financial Corporation since July 26, 2002 and Endeavour Resources Inc. since October 23, 2009. He serves as a Director of Namibian Minerals Corp., Rea Gold Corporation, Blackgate Holdings Ltd., Burrard Holding Company Inc., Endeavour Capital Corporation, Endeavour Financial International Corporation and Endeavour Securities Corporation. He served as a Director of Endeavour Mining Corporation from August 2001 to June 28, 2016. He served as an Independent Director of Frontera Energy Corporation (Also known as Pacific Exploration & Production Corporation) from February 22, 2008 to August 31, 2015. He served as a Director of Crew Gold Corporation since February 11, 2010. He served as a Director of CoalCorp. Mining Inc. from March 1, 2005 to November 2008, Medoro Resources Ltd. since February 24, 2004, EastWest Gold Corporation since February 9, 1990, Apollo Gold Corp. from June 2002 to November 3, 2003, Wheaton River Minerals, Ltd., since May 2001, Adobe Ventures Inc. since March 1, 2005, Melior Resources Inc. from March 1, 2005 to November 2008 and Cannon Point Resources Ltd. from December 2, 2005 to October 2010. He served as a Non Executive Director at Oriel Resources Limited from December 6, 2006 to June 2008. He served as a Director of Adamus Resources Ltd. He served as a Director of Brigus Gold Corp from June 2002 to November 3, 2003. He served as a Director of Arizona Star Resource (Bermuda) Ltd., Dunsmuir Ventures Ltd., EAGC Ventures Corp., Endeavour General Partnership (2002) Inc., GoldCorp. Sweden AB, North American Metals Corp. and Endeavour Financial Limited. He is a Fellow of the Institute of Chartered Accountants in England and Wales.

CEO Compensation
  • Neil's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Neil's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Leagold Mining management team in years:

2
Average Tenure
60
Average Age
  • The tenure for the Leagold Mining management team is about average.
Management Team

Neil Woodyer

TITLE
CEO, President & Director
COMPENSATION
$2M
AGE
75
TENURE
2.9 yrs

Harpreet Dhaliwal

TITLE
VP of Finance & CFO
COMPENSATION
$375K
AGE
36
TENURE
2.8 yrs

Attie Roux

TITLE
Chief Operating Officer
COMPENSATION
$628K
AGE
60
TENURE
0.7 yrs

Doug Reddy

TITLE
Senior Vice President of Technical Services
COMPENSATION
$813K
TENURE
2.8 yrs

Doug Bowlby

TITLE
Senior Vice President of Corporate Development
COMPENSATION
$813K
TENURE
2.8 yrs

Richard Thomas

TITLE
Senior Vice President of Operations
COMPENSATION
$2M
TENURE
2 yrs

Richard Thomas

TITLE
TENURE
2 yrs

Meghan Brown

TITLE
Vice President of Investor Relations
TENURE
1.8 yrs

Cornelius Lourens

TITLE
Senior Vice President of Operations - Brazil
TENURE
0.9 yrs

Peter Burger

TITLE
Senior Vice President of Operations - Mexico
TENURE
1.1 yrs
Board of Directors Tenure

Average tenure and age of the Leagold Mining board of directors in years:

2.6
Average Tenure
67.5
Average Age
  • The average tenure for the Leagold Mining board of directors is less than 3 years, this suggests a new board.
Board of Directors

Frank Giustra

TITLE
Non-Executive Chairman
COMPENSATION
$184K
AGE
60
TENURE
2.6 yrs

Neil Woodyer

TITLE
CEO, President & Director
COMPENSATION
$2M
AGE
75
TENURE
2.9 yrs

Wesley Clark

TITLE
Independent Director
COMPENSATION
$175K
AGE
74
TENURE
2.8 yrs

Miguel Rodriguez

TITLE
Independent Director
COMPENSATION
$225K
AGE
65
TENURE
2.8 yrs

Tristan Garel-Jones

TITLE
Independent Non-Executive Director
COMPENSATION
$160K
TENURE
1.9 yrs

Gordon Campbell

TITLE
Independent Director
COMPENSATION
$160K
AGE
70
TENURE
2.4 yrs

Peter Marrone

TITLE
Independent Director
COMPENSATION
$91K
AGE
58
TENURE
1.1 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Leagold Mining insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
16. May 19 Buy Adriaan Roux Individual 10. May 19 13. May 19 150,000 $1.22 $181,510
14. May 19 Buy Cornelius Lourens Individual 13. May 19 13. May 19 80,664 $1.21 $97,785
09. May 19 Buy Frank Giustra Individual 08. May 19 08. May 19 200,000 $1.08 $216,212
29. Mar 19 Buy Neil Woodyer Individual 22. Mar 19 27. Mar 19 128,000 $1.46 $185,212
28. Mar 19 Buy Douglas Reddy Individual 28. Mar 19 28. Mar 19 10,800 $1.37 $14,753
21. Mar 19 Buy Neil Woodyer Individual 21. Mar 19 21. Mar 19 60,000 $1.49 $89,392
21. Feb 19 Buy Douglas Reddy Individual 19. Feb 19 19. Feb 19 23,000 $1.60 $36,804
12. Feb 19 Buy Harpreet Dhaliwal Individual 08. Feb 19 12. Feb 19 9,950 $1.60 $15,452
12. Feb 19 Buy Douglas Bowlby Individual 11. Feb 19 12. Feb 19 16,900 $1.66 $27,244
08. Feb 19 Buy Harpreet Dhaliwal Individual 07. Feb 19 07. Feb 19 3,000 $1.50 $4,499
08. Feb 19 Buy Douglas Bowlby Individual 08. Feb 19 08. Feb 19 9,600 $1.52 $14,620
07. Feb 19 Buy Douglas Bowlby Individual 07. Feb 19 07. Feb 19 6,900 $1.52 $10,495
21. Jan 19 Buy Gordon Campbell Individual 18. Jan 19 18. Jan 19 50,000 $1.51 $75,678
10. Dec 18 Buy Frank Giustra Individual 19. Nov 18 26. Nov 18 200,000 $1.12 $216,398
28. Nov 18 Buy Frank Giustra Individual 27. Nov 18 27. Nov 18 600,000 $1.02 $614,176
18. Nov 18 Buy Frank Giustra Individual 16. Nov 18 16. Nov 18 100,000 $1.11 $110,822
05. Sep 18 Buy Bernadette D'Silva Individual 04. Sep 18 05. Sep 18 10,000 $1.51 $14,857
17. Aug 18 Buy Frank Giustra Individual 16. Aug 18 17. Aug 18 200,000 $1.57 $311,838
X
Management checks
We assess Leagold Mining'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. Leagold Mining 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

Leagold Mining Corporation engages in the acquisition of gold mining properties and other development projects in Latin America. It holds interest in the Los Filos Mine located in Guerrero State, Mexico; and in the RDM, Fazenda, and Pilar mines in Brazil. The company was formerly known as HTI Ventures Corp. and changed its name to Leagold Mining Corporation in August 2016. Leagold Mining Corporation was incorporated in 1981 and is headquartered in Vancouver, Canada.

Details
Name: Leagold Mining Corporation
LMCN.F
Exchange: OTCPK
Founded: 1981
CA$383,131,020
284,885,584
Website: http://www.leagold.com
Address: Leagold Mining Corporation
595 Burrard Street,
Suite 3043,
Vancouver,
British Columbia, V7X 1J1,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX LMC Common Shares The Toronto Stock Exchange CA CAD 13. Nov 1992
OTCPK LMCN.F Common Shares Pink Sheets LLC US USD 13. Nov 1992
DB 0LG Common Shares Deutsche Boerse AG DE EUR 13. Nov 1992
Number of employees
Current staff
Staff numbers
2,687
Leagold Mining employees.
Industry
Gold
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/16 00:48
End of day share price update: 2019/06/14 00:00
Last estimates confirmation: 2019/05/24
Last earnings filing: 2019/05/07
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


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.