Amara Mining (AMA)

Business description

The Kalsaka/Sega complex having reached the end of its productive life, Amara Mining is now developing the pre-feasibility stage Yaoure Gold Project in Cote d'Ivoire. It also has a development stage project in Baomahun in Sierra Leone.

Stock data

Market cap.£72.6m
Last close17.25p
High / Low (52 weeks)17.2p / 17.2p
Stock market listingLN
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamResources - Mining

Price performance

Relative *0.71.2(6.9)

* % Relative to local index

Other companies in sector Show

Afferro Mining Afri-Can Marine Minerals
African Barrick Gold African Eagle Resources
African Minerals Alabama Graphite
Alderon Iron Ore Aldridge Minerals
Alkane Resources All Star Minerals
Allied Gold Mining Almonty Industries
Altius Minerals Altona Energy
Amerigo Resources Amur Minerals
Angel Mining Anglesey Mining
Anglo Pacific Group Antofagasta
Aquarius Platinum Arian Silver
Ariana Resources Asa Resource
Aspire Mining Atalaya Mining
Atlantic Gold NL Aurcana Corporation
Aureus Mining Aurizon Mines
Avalon Rare Metals Avnel Gold Mining
Baobab Resources Bear Creek Mining
Bellzone Mining Bezant Resources
Blackthorn Resources Bushveld Minerals
Cabral Resources Cadence Minerals
Caledon Resources Caledonia Mining
Cameco Canada Lithium Corporation
Carpathian Gold Celamin Holdings
Central Asia Metals Centrex Metals
Champion Iron Chatham Rock Phosphate
Chieftain Metals Coal of Africa
Condor Gold Continental Coal
Cradle Resources Dalradian Resources
Danakali Denison Mines
Discovery Metals Doray Minerals
DRDGOLD Duluth Metals
Eastern Platinum ECR Minerals
Edgewater Exploration Energy Fuels
Equatorial Resources Euromax Resources
European Goldfields Forsys Metals Corp
Fronteer Gold Frontier Mining
Frontline Gold Galaxy Resources
Gascoyne Resources Gemfields
GMA Resources Gold One
Gold Road Resources Gold Sector Report
Goldcrest Resources Golden Minerals Company
Goldplat Graphite Sector Report
Gunson Resources Hambledon Mining
Hecla Highland Gold
Highlands Pacific Hummingbird Resources
Ichor Coal International Mining & Infrastructure Corp
Iron Road Ironwood Gold
Jameson Resources KEFI Minerals
Kenmare Resources Kingsgate
Kinross Gold Corporation Kopy Goldfields
Lemur Resources Lepidico
Lithium Americas Corp Lithium X Energy
London Mining MacPhersons Resources
Majestic Gold Mandalay Resources Corp
Mariana Resources Matamec Explorations
MDM Engineering Group Medusa Mining
Metallica Minerals Metals Exploration
Minera IRL Mineral Commodities
Minotaur Exploration Mkango Resources
MMG Natural Resource Partners
Ncondezi Energy Nevsun Resources
New Talisman Gold Mines Nkwe Platinum
Nordgold Northern Dynasty Minerals
Norton Gold Fields NovaCopper
OceanaGold Oracle Coalfields
Orbis Gold Ormonde Mining
Orosur Mining Orpheus Energy
Pan African Resources Pan American Goldfields
Papillon Resources Petropavlovsk
Pilot Gold Platmin
PolyMet Mining Polymetals Mining
Randgold Resources Rare Element Resources
Red Rock Resources Regency Mines
Richmont Mines Rio Tinto
Robust Resources Rutila Resources
Sable Mining Seabridge Gold
Shore Gold Sirius Minerals
South American Silver Corp St George Mining
Sumatra Copper & Gold Syndicated Metals
Teck Resources Tiger Resources
Titanium Resources Group Torex Gold
Triton Minerals True North Gems
U3O8 Holdings Universal Coal
Vatukoula Gold Mines Veris Gold Corp
Victoria Gold Volt Resources
W Resources Western Areas
Wheaton Precious Metals Wits Gold
Wolf Minerals Woulfe Mining
Zanaga Iron Ore Company Zazu Metals Corporation

Company news


Mon, 29 Feb 2016 08:34:01 GMT

Amara Mining PLC's John McGloin talks merging with Perseus Mining Limited

Wed, 09 Mar 2016 10:07:30 GMT

Are Rightmove Plc, Amara Mining PLC & 88 Energy Ltd Today's Top Growth Buys?

Fri, 26 Feb 2016 12:00:00 GMT

Amara Mining - Yaoure can be large, low cost gold mine

Thu, 17 Sep 2015 10:38:41 GMT

Insider Buying: Amara Mining Plc (TSE:AMZ) Director Acquires 25000 Shares of Stock

Wed, 16 Aug 2017 11:26:15 GMT

Investment summary

Yaoure's optimised PFS (by Amara with input from GeoSystems, Tetra Tech and AMEC Foster Wheeler) estimates a post-tax project NPV of US$555m (US$1.32/sh) at an 8% discount rate and US$1,200/oz Au vs its PFS NPV of US$286m (68cps) at 8% and US$1,250/oz and US$513m (US$1.22/sh) for its enhanced (albeit non-NI 43-101 compliant) MII option. Compared to the PFS, the optimised PFS is smaller (4.5Mtpa vs 6.5Mtpa) and requires less initial capex (US$334m vs US$447m) for 203koz of average annual production over 15 years. The PFS estimates total cash costs at US$618/oz (vs PFS US$739/oz and MII US$608/oz).

Last updated on 03/08/2017

Y/E Dec Revenue (US$m) EBITDA (US$m) PBT (US$m) EPS (c) P/E (x) P/CF (x)
2013A 52.4 (14.3) (22.1) (10.0) N/A 3.2
2014A 53.3 (2.5) (15.1) (3.7) N/A 68.2
2015E N/A N/A N/A N/A N/A N/A
2016E N/A N/A N/A N/A N/A N/A

Last updated on 19/05/2016

Latest research

Revised guidance/forecasts

Update | Mining | 02/12/2013

Valuation update

Institutional Update | Mining | 19/11/2013

Short-term pain/risk for long-term gain/reward

Institutional Update | Mining | 02/10/2013

Implied Q412 results confirm cost control

Update | Mining | 04/04/2013

In line on both fronts

Update | Mining | 26/03/2013

Est Yaoure resource update value

Update | Mining | 15/03/2013


Update | Mining | 23/10/2012

Grade up; costs down; re-valued

Update | Mining | 03/09/2012

1.8m additional ounces at Yaoure?

Update | Mining | 29/08/2012

Sega and exploration

Update | Mining | 04/04/2012

Q4 production report

Update | Mining | 17/01/2012

Record Q3/Q3 preview

Update | Mining | 14/12/2011

Latest video

Executive Interview - Amara Mining

Industry outlook

On 28 February, Australia's Perseus made a recommended offer for Amara (AMA) at a rate of 0.68 Perseus shares (currently priced at A$0.49 each) plus 0.34 warrants (at a strike price of A$0.44/sh) per Amara share, valuing AMA at 16.3p per share at the time, or US$9.11 per in-situ resource ounce. Trading in Amara shares has now been suspended pending imminent finalisation of the transaction.

Last updated on 03/08/2017

Key management

John McGloin, Chairman
Pete Gardner, CFO

Company address

4th Floor
29-30 Cornhill
United Kingdom
+44 (0)20 7398 1420
View website