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Endomines AB

Key Figures

  • Summary of income statement, balance sheet and cash flow Open or Close
    Consolidated income statement, MSEK   2016 2015 2014 2013 2012
    Total revenues   102,1 113,5 173,6 164,1 235,1
    Adjusted EBITDA (1) -9,2 -62,8 5,5 -24,2 88,4
    EBIT   -103,1 -156,6 -45,0 -76,3 27,7
    NET INCOME   -125,0 -165,0 -35,2 -63,3 18,9
    TOTAL COMPREHENSIVE INCOME   -120,7 -149,6 -35,7 86,4 44,9
                 
    Consolidated statement of financial position, MSEK   2016 2015 2014 2013 2012
       Intangible assets   59,4 52,2 51,0 47,5 56,7
       Property, plant and equipment   104,6 163,7 224,7 237,9 248,8
       Deferred tax assets   0,0 19,6 28,3 16,2 52,3
       Other investments   6,9 4,8 6,3 2,2 0,9
    Total fixed assets   170,9 240,3 310,3 303,9 358,7
       Current assets excluding cash   21,7 13,4 34,1 43,5 75,4
       Cash   29,4 20,0 114,2 45,9 69,2
    Total assets   222,1 273,7 458,6 393,2 503,2
    Total equity   114,5 168,6 317,8 267,9 135,7
    Provisions   2,1 6,3 6,2 8,6 9,9
    Derivatives instruments   0,0 1,4 39,2 19,5 233,1
    Borrowings   83,6 83,4 65,0 66,0 77,6
    Other liabilties   21,9 13,9 30,4 31,2 46,9
                 
    Consolidated cash flow statement, MSEK   2016 2015 2014 2013 2012
    Cash flow from operations   -13,6 -77,4 11,4 -11,5 66,8
    Cash flow from investments   -40,3 -37,3 -24,7 -39,4 -31,8
    Cash flow from financing   62,8 21,9 80,3 26,8 -10,5
    Total cash flow for the period   9,0 -92,8 67,1 -24,1 24,5
  • Key ratios and data per share Open or Close
    KEY FIGURES   2016 2015 2014 2013 2012
    Production            
    Milled ore (tonnes)   150 917 335 896 395 342 329 583 249 949
    Head grade (Au gram/tonne)   2,6 1,9 2,3 2,8 4,0
    Gold recovery (%)   82,9 83,0 82,1 85,1 86,1
    Hourly utilization (%)   37,6 87,0 93,4 90,4 91,0
    Gold production (kg)   325,0 529,5 761,9 790,0 866,5
    Gold production (oz)   10 450 17 022 24 497 25 399 27 860
    Cost per milled ore ton (EUR) (2) 68 51 43 62 59
    Cost per milled ore ton (SEK) (2) 639 476 389 536 513
    Cash Cost (USD/oz) (3) 1 195 1 258 1 047 1 197 753
    Financial            
    Revenue growth rate   -10 % -35 % 6 % -30 % 57 %
    EBITDA margin (4) -9 % -55 % 3 % -15 % 38 %
    Operating margin (5) -101 % -138 % -26 % -47 % 12 %
    Net margin (6) -122 % -145 % -20 % -39 % 8 %
    Equity ratio (7) 52 % 62 % 69 % 68 % 27 %
    Interest-bearing net debt (8) 54,1 63,4 -49,2 20,1 8,4
    Net gearing (9) 47 % 38 % -15 % 7 % 6 %
    Return on equity (10) -88 % -68 % -12 % -31 % 17 %
    Average number of employees   44 72 72 89 75
                 
    DATA per share   2016 2015 2014 2013 2012
    Earnings per share   -12,49 -26,08 -10,20 -20,15 6,52
    Equity per share (11) 10,92 26,66 50,25 83,97 46,78
    Weighted average number of shares (thousands) (12) 10 009 6 325 3 452 3 142 2 901
    Number of shares at end of period (13) 10 486 6 325 6 325 3 191 2 901
    Share price at end of period (SEK) (14) 18,30 8,50 23,63 110,10 153,37
    Market capitalization at end of period (MSEK)   192 54 149 351 445
  • Reconciliations of key ratios Open or Close
                 
    EBITDA   2016 2015 2014 2013 2012
    EBIT   -103,1 -156,6 -45,0 -76,3 27,7
     +Depreciation and amortisations   95,4 88,9 44,8 71,4 36,3
    EBITDA   -7,7 -67,8 -0,2 -4,9 64,0
    + Unrealised loss on derivative instruments   -1,5 5,0 5,6 -19,4 24,4
    ADJUSTED EBITDA (1) -9,2 -62,8 5,5 -24,2 88,4
                 
    Cost per milled ore ton (EUR)   2016 2015 2014 2013 2012
    Production cost according to internal accounts "non-IFRS" (KEUR)   10 187 17 088 16 902 20 409 14 743
    Milled ore (tonnes)   150 917 335 896 395 342 329 583 249 949
    EUR/ton (2) 68 51 43 62 59
    SEK/ton (at average rate) (2) 639 476 389 536 513
                 
    Cash cost (USD/oz   2016 2015 2014 2013 2012
    Production cost according to internal accounts "non-IFRS" (KEUR)   10 187 17 088 16 902 20 409 14 743
    Conversion to USD at average rates (KUSD)   11 263 19 033 22 311 27 144 19 018
    Cost paid to smelters and refineries (KUSD)   876 2 381 3 337 3 259 1 960
    Total cost (USD)   12 139 21 414 25 648 30 403 20 978
    Gold production ounces for the period   10 450 17 022 24 497 25 399 27 860
    Cash Cost (USD/oz) (3) 1 162 1 258 1 047 1 197 753
                 
    Equity ratio   2016 2015 2014 2013 2012
    Total equity   114,5 168,6 317,8 267,9 135,7
    Total assets   222,1 273,7 458,6 393,2 503,2
    Equity divided by total assets (%) (7) 51,6 61,6 69,3 68,1 27
                 
    Net debt and gearing ratio   2016 2015 2014 2013 2012
    Total interest bearing liabilities (Borrowings)   83,6 83,4 65,0 66,0 77,6
     - cash   -29,4 -20,0 -114,2 -45,9 -69,2
    Net interest-bearing debt (8) 54,2 63,4 -49,2 20,1 8,4
    Equity at end of period   114,5 168,6 317,8 267,9 135,7
    Net debt divided by equity (%) (9) 47,3 37,6 -15,5 7,5 6,2
                 
    Equity per share   2016 2015 2014 2013 2012
    Equity attributable to owner of the parent company   114,5 168,6 317,8 267,9 135,7
    total number of shares at end of period (adjusted for share issue, if applicable) 10 486 6 325 6 325 3 191 2 901
    Equity per share (SEK) (11) 10,92 26,66 50,25 83,97 46,78
                 
    OTHER ALTERNATIVE PERFORMANCE MEASURES            
    Average revenue (in verbal parts of reports)   2016 2015 2014 2013 2012
    Revenues from gold concentrate   101,1 151,0 191,7 196,0 283,4
    Delivered gold   10 206 17 421 24 792 25 481 27 894
    Average revenue per ounce   9 902 8 670 7 731 7 692 10 161
    Reconciliation to reported revenues            
    Deduct realised gold hedge effects   0,0 -38,1 -19,7 -32,7 -48,9
    Other income   1,0 0,6 1,6 0,8 0,6
    Total reported revenues   102,1 113,5 173,6 164,1 235,1
                 
    Working capital (in verbal parts of reports)   2016 2015 2014 2013 2012
    Total current assets   51,1 33,4 148,3 89,4 144,6
     - Cash   -29,4 -20,0 -114,2 -45,9 -69,2
    Operating current assets   21,7 13,4 34,1 43,5 75,4
     - Accounts payables   15,6 6,3 14,4 14,2 11,9
    - Other current liabilities   0,8 0,9 7,1 4,9 21,5
     - Accruals   5,4 6,8 9,0 12,1 13,5
    Operating current liabilities   21,8 14 30,5 31,2 46,9
    Working capital   -0,1 -0,6 3,6 12,3 28,5
                 
    Capital employed (in verbal parts of reports)   2016 2015 2014 2013 2012
    Total assets   222,1 273,7 458,6 393,2 503,2
    Total provisions and liabilities   -107,6 -105,0 -140,8 -125,3 -367,5
     + Interest-bearing debt   83,6 83,4 65,0 66,0 77,6
    Capital employed   198,1 252,1 382,8 333,9 213,3
  • Definitions Open or Close
    Endomines provides measures prepared in accordance with IFRS as well as some non-IFRS performance measures as additional information for investors who also use them to evaluate our performance. Since there is no standard method for calculating non-IFRS measures, they are not a reliable way to compare us against other companies. Non-IFRS measures should be used with other performance measures prepared in accordance with IFRS.
    Adjusted EBITDA (1) Results before depreciation, write-down amd unrealized profit/loss on derivative instruments
    Cost per milled ore ton (2) Production cost, excluding depreciation divided by ore tonnes processed
    Cash Cost (USD/oz) (3) Cash cost per ounce is calculated based on the guidance issued by The Gold Institute Production Cost Standard. Mining, ore processing and site administration and off-site smelting and refining costs are included in cash cost while amortization, capital and exploration costs are excluded. "Cash Cost" figure is furnished to provide additional information and is a non-IFRS measure. Conversion from EUR to USD made by average rate for the period EUR/USD.
    EBITDA margin (4) Adjusted EBITDA as per cent of total revenues
    Operating margin (5) EBIT as per cent of total revenues
    Net margin (6) Net income as per cent of total revenues
    Equity ratio (7) Equity as per cent of total assets
    Net debt (8) Total borrowings less cash and cash equivalents
    Net gearing (9) Net debt divided by equity
    Return on equity (10) Earnings after tax divided by average equity (beginning and ending equity)
    Weighted average number of shares (thousands) (12) Adjusted for share issues as the case may be
    Number of shares at end of period (thousands) (13) Adjusted for share issues as the case may be
    Share price at end of period (SEK) (14) Adjusted for share issues as the case may be

© Endomines AB 2017