Amur Minerals (AMC)

Business description

Amur Minerals is an exploration and development company focused on base metal projects in Russia’s far east. The company’s principal asset is the Kun-Manie nickel sulphide deposit in the Amur Oblast, comprising almost 1Mt of contained nickel equivalent in at least five deposits.

Stock data

Market cap.£45.7m
Last close7.68p
High / Low (52 weeks)15.2p / 2.4p
Stock market listingLN
Forecast net cash (US$m)9.3
Forecast gearing ratio (%)N/A
TeamResources - Mining
SectorMining

Price performance

%1m3m12m
Actual(21.4)(21.8)22.9
Relative *(22.3)(24.6)3.2

* % Relative to local index

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Company news

Amur Minerals Corp looking to bolster resource at Kun-Manie

Fri, 10 Mar 2017 11:42:55 GMT

Amur Minerals share price 'unlikely to drop below 6p', says Zak Mir

Mon, 13 Mar 2017 09:28:15 GMT

Amur Minerals confident as drilling progresses at Kun-Manie

Tue, 07 Mar 2017 15:07:09 GMT

Is Amur Minerals set to double?

Tue, 29 Nov 2016 10:52:30 GMT

Amur Minerals boss “very happy” with progress towards definitive feasibility

Fri, 04 Nov 2016 11:07:20 GMT

Investment summary

On 10 February, Amur announced a 50kt (or 6.8%) headline increase in contained resource nickel tonnes, but a 214kt (or 41.7%) underlying increase (ie at a constant cut-off grade). This follows the January announcement of metallurgical test results by Gipronickel on a c half tonne sample of ore from Maly Kurumkon-Flangovy. Over seven metals, average recoveries were 13.0% higher than those derived from earlier bench-scale tests. The results represent the first production-scale test work from the Kun-Manie licence area and, owing to their larger size, are expected to be more reflective of actual production processes.

Last updated on 07/03/2017

Y/E Dec Revenue (US$m) EBITDA (US$m) PBT (US$m) EPS (c) P/E (x) P/CF (x)
2014A 0.0 (2.4) (2.5) (0.6) N/A N/A
2015A 0.0 (4.1) (1.9) (0.4) N/A N/A
2016E 0.0 (4.1) (4.0) (0.8) N/A N/A
2017E 0.0 (4.1) (4.0) (0.3) N/A N/A

Last updated on 07/03/2017

Latest research

Recovery abounds

Update | Mining | 07/03/2017

Proving resourceful

Update | Mining | 24/05/2016

Grist to the mill

Update | Mining | 09/05/2016

Financing to FEED

Update | Mining | 25/01/2016

Drilling suggests larger, higher-grade resource

Update | Mining | 08/12/2015

In from the cold

Initiation | Mining | 22/07/2015

Kun-Manie keeps on growing

Outlook | Mining | 08/10/2013

Funding secured

Update | Mining | 29/07/2013

Kubuk drilling could redefine Kun-Manie

Flash note | Mining | 13/06/2013

Positive impacts to PFS?

Flash note | Mining | 13/03/2013

Linking up deposits

Flash note | Mining | 15/02/2013

A step change in scale possible?

Update | Mining | 03/01/2013

Latest video

Executive Interview - Amur Minerals

Industry outlook

Based on the existing open cast operational blueprint (which forms the basis of Amur's DFS), we calculate values for concentrate, low-grade matte, high-grade matte and refined metal project options of 42 US cents, 55c, 44c and 55c, respectively, fully diluted at a share price of 10.5p (assuming 80% financial leverage). However, this could increase if the mine plan is reconfigured to advance high-grade underground production (as seems increasingly likely). A resource update is expected in Q117.

Last updated on 02/03/2017

Key management

Robert Schafer, Chairman
Robin J Young, CEO

Company address

14 Gaidar Street
Office 9
Khabarovsk
680063
Russian Federation
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