Company Information

  

Address: 680 - 1066 WEST HASTINGS STREET  
City: VANCOUVER 
State:  
Zip Code: V6E 3X2 
Telephone: 604 683 8193 

Description of Business

Primary SIC Code: 1400
(As filed with the SEC)  

The Company is a Canadian-incorporated and headquartered gold producer with gold mining operations in Ghana. The Company's vision is to become a mid-tier mining company as a producer of gold via open pit mining and conventional processing of gold ores. The Company's principal asset is the AGM located in Ghana, West Africa. The AGM was created in 2014 through the combination of the Company's Esaase Gold Project with PMI's Obotan Gold Project following the Company's acquisition of PMI. The AGM is a multi-deposit complex, with two main deposits, Nkran and Esaase, and nine satellite deposits. The mine is being developed in phases. The first phase comprised the construction of a 3 million tonne per annum ("Mtpa") carbon-in-leach ("CIL") processing facility and bringing the first pit, Nkran, into production ("Phase 1").  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
03/20180.00NAN/E
12/20170.03NA23.54
09/20170.01NA95.33
06/20170.05NA30.60
03/2017-0.01NAN/E
12/2016-0.07NAN/E
09/20160.06NA70.00
06/2016-0.01NAN/E

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2017 Leverage 2017
Net Inc/Comm Equity0.01Total Liab/Total Assets0.39
Net Inc/Total Assets0.01Total Liab/Inv Cap0.48
Net Inc/Inv Cap0.01Total Liab/Comm Equity0.50
Pretax Inc/Net Sales0.13Interest Coverage Ratio2.76
Net Inc/Net Sales0.03Curr Debt/Equity0.08
Cash Flow/Net Sales0.51LTD/Equity0.28
SG&A/NetSales0.05Total Debt/Equity0.37
Asset Utilization   Liquidity  
Net Receivables Turnover15.43Quick Ratio0.71
Inventory Turnover5.46Current Ratio1.11
Inventory Day Sales0.01Net Rec/Curr Assets0.08
Net Sales/Work Cap25.59Inv/Curr Assets0.36
Net Sales/PP&E0.41  

Income Statement (Millions)

  12/31/2017 12/31/2016 12/31/2015 12/31/2014
Total Revenues(Net Sales) 243.39 175.91 0.00 NA
Cost of Goods Sold 180.78 141.65 0.00 NA
Selling & Admin Exps 12.59 12.54 7.52 10.89
Operating Income 47.97 13.18 -11.04 -11.76
Interest Exp 17.48 13.85 0.52 0.09
Pretax Income 30.72 -1.78 -11.29 -24.99
Other Income 0.23 -1.11 0.27 -13.15
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 6.65 -13.22 -8.31 -22.64

Balance Sheet (Millions)

Assets 12/31/2017 12/31/2016 12/31/2015 12/31/2014
Cash & Short Term Investments 49.33 59.68 114.80 228.68
Receivables - Total 7.20 24.35 0.02 0.15
Inventories - Total 33.89 32.37 1.18 0.00
Total Current Assets 93.88 119.72 118.92 229.06
Net Property, Plant & Equipment 599.98 528.49 490.82 249.11
Total Assets 708.79 662.71 624.17 481.10
Liabilities        
Accounts Payable 47.92 46.93 34.79 15.35
Debt in Current Liabilities 36.45 0.47 15.21 0.00
Total Current Liabilities 84.37 47.40 50.04 15.35
Long-Term Debt 121.88 154.50 131.88 57.45
Total Liabilities 279.39 246.29 209.76 97.52
Stockholder's Equity        
Minority Interest 0.57 0.00 NA NA
Preferred Stock NA NA NA NA
Common Stock 561.44 556.26 540.13 505.47
Retained Earnings -180.37 -186.44 -173.23 -164.92
Treasury Stock NA NA NA NA
Total Stockholders' Equity 429.40 416.43 414.41 383.58
Total Liabilities and Stockholders' Equity 708.79 662.71 624.17 481.10

Cash Flow Summary (Millions)

Categories 12/31/2017 12/31/2016 12/31/2015 12/31/2014
Net Cash Provided by Operating Activities 123.24 54.96 -10.77 -22.84
Net Cash Provided by Investing Activities -123.35 -105.94 -219.82 20.19
Net Cash Provided by Financing Activities -10.05 -3.90 120.49 59.00

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/20130.00-1.69-0.02
12/20140.00-22.64-0.14
12/20150.00-8.310.04
12/2016175.91-13.22-0.07
12/2017243.396.650.03
Growth RatesInfinity----

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional06/30/186468,66730.41




Report Date : 7/16/2018

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