Almonty Industries (AII)

Business description

Almonty Industries is an independent tungsten producer, with operating mines in Spain, Australia and Portugal. It also has the large and low-cost development-stage flagship Sangdong (South Korea) and earlier stage Valtreixal (Spain) projects.

Stock data

Market cap.C$27.7m
Last closeC$0.25
High / Low (52 weeks)C$0.4 / C$0.2
Stock market listingCN
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamResources - Mining
SectorMining

Price performance

%1m3m12m
Actual(7.4)(3.9)(30.6)
Relative *(5.4)(3.1)(36.7)

* % Relative to local index

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Company news

BRIEF-Almonty Industries says reached agreement with Global Tungsten & Powders

Fri, 21 Apr 2017 21:33:45 GMT

Global Tungsten & Powders Corp. Terminates Loan Agreement to Become ...

Fri, 21 Apr 2017 21:22:30 GMT

Almonty Industries Inc. Announces Granting of Stock Options

Thu, 24 Dec 2015 18:18:32 GMT

Almonty Industries and Woulfe Mining Announce Proposed Merger to Create the ...

Tue, 27 Jan 2015 11:26:15 GMT

Almonty Industries Inc. Announces its Intention to Renew its Normal Course ...

Mon, 26 Sep 2016 21:00:27 GMT

Y/E Sep Revenue (C$m) EBITDA (C$m) PBT (C$m) EPS (c) P/E (x) P/CF (x)
2015A 36.1 (7.9) (19.2) (36.8) N/A 16.2
2016A 37.3 (4.6) (15.2) (15.0) N/A N/A
2017E N/A N/A N/A N/A N/A N/A
2018E N/A N/A N/A N/A N/A N/A

Last updated on 24/04/2017

Investment summary

Almonty’s full-year results show revenues on a like-for-like basis are 3% higher at C$37.3m (FY15 C$36.1m), with costs down 16%. After inventory write-downs (C$6.8m), mine impairments (C$5.3m), and depreciation and amortisation of C$8.2m, Almonty finished the year reporting earnings from operations of -C$9.2m. After G&A, forex adjustments and other costs, Almonty reported a net loss of C$21.2m for the year, or 22c per share, a narrowing of loss y-o-y of 42%. Our forecasts are currently under review.

Last updated on 02/05/2017

Industry outlook

Almonty’s flagship development asset is the large high-grade Sang Dong tungsten project in South Korea. In relation to this asset, Almonty announced (9 January 2017) that it has received final construction permits. Sang Dong is now fully permitted and an Engineering Procurement and Construction contract is expected to be signed within four weeks from the date of the announcement. Concerning the company’s Valtreixal mine in Spain, AImonty now owns 100% after acquiring the remaining 49% it did not already own through a series of payments to Siemcalsa for €1.5m, after negotiating a €0.75m reduction in the asking price.

Last updated on 02/05/2017

Key management

Lewis Black , CEO
Dennis Logan, CFO

Company address

100 King Street West
Suite 5700
Toronto
M5X 1C7
Canada
+1 647 438 9766
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