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General Information

Medusa Mining Ltd
MML
http://www.medusamining.com.au
Gold
198
208

Current Price Data+

Current Price Open High Low Last Close Volume Price Movement
$0.96 $0.97 $0.97 $0.95 $0.95 344635 $0.01 ( 1.06% )
  • +Security prices are delayed by least 20 minutes and are indicative only.

Current Broker Consensus Recommendation

Strong Buy
14/05/2015

Company Overview

Business Description
Medusa Mining Ltd (MML) is an Australian based gold producer, focusing on projects in the Philippines. MML’s flagship project is the Co-O project.
Strategy Analysis
MML's strategy is to become a mid tier 300,000 to 400,000oz per year, low cost gold producer. The Company is currently expanding its high grade Co-O Mine operations to increase its production capacity to 100,000oz per year, and is conducting near mine exploration to assess the possibilities of further expansion to 200,000oz per year. Medusa Mining reported NPAT up 19% to US$28.6m for the half-year ended 31 December 2012. Revenues from ordinary activities were US$52.36m, up 28% from the same period last year due to a marginal increase in both gold production and a higher average price received on the sale of gold. Basic and Diluted EPS was 0.152 US cents compared to 0.127 US cents last year. Net operating cash flow was US$54.86m compared to US$28.04m last year. No interim dividend was declared, compared with 5.0 AU cents last year. The revised forecast gold production for the fiscal year to 30 June 2013 after taking into account current year to date production of 32,580 is now between 80,000 to 90,000 ounces at anticipated cash costs of US$250 per ounce.

Financial Summary

Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2014 A 32.8 16.2 -42.7% 12.5 0.0 0.0% 0.0%
2013 A 54.1 28.4 11.2% 16.4 0.0 0.0% 0.0%
2012 A 48.3 25.5 -53.2% 24.0 6.9 1.1% 0.0%

Peer Comparison

Company Mkt Cap EPS Growth (%) P/E (%) Dividend Yield (%)
2012 A 2013 F 2014 F 2012 A 2013 F 2014 F 2012 A 2013 F 2014 F
Evolution Mining (EVN) $842M -0.2670 0.4008 0.6520 14.7613 10.5381 6.3789 1.70% 1.61% 2.02%
Medusa Mining (MML) $196M -0.4273 0.0000 0.0000 5.8190 0.0000 0.0000 0.00% 0.00% 0.00%
Newcrest Mining (NCM) $10,655M -0.0429 0.1309 0.5604 24.6629 21.8073 13.9755 0.00% 0.00% 0.00%
Northern Star Resources (NST) $1,363M 0.2151 2.1509 0.5738 28.6783 9.1017 5.7833 1.52% 2.61% 4.41%
OceanaGold (OGC) $926M 0.0000 -0.1969 -0.3248 6.9492 8.6525 12.8151 0.00% 0.83% 0.83%

Financial Summary

Earnings P/E Ratio P/B Ratio P/E Growth
Company 0.00 5.88 0.45 0.00
Market 1.02 17.20 1.32 1.56
Sector 0.77 13.80 0.70 0.53

Directors

Name Position Start Date
Mr Attorney Raul Villanueva Executive Director 24/01/2013
Mr Robert Maurice Weinberg Non-Executive Director 01/07/2006
Dr Ciceron (Jun) Angeles Non-Executive Director 28/06/2011
Mr Andrew Boon San Teo Non-Executive Director, Non-Executive Chairman 15/02/2010

Management

Name Position
Geoffrey John Davis Chief Executive Officer
Peter Alphonso Company Secretary,Chief Financial Officer

Substantial Shareholders

Holding Name
23,742,006 (11.43%) Van Eck Associates Corporation
14,118,864 (6.79%) Wellington Management Company, LLP

Calendar of Events

Date Event
26 April 2016 Report (Quarterly)
23 February 2016 Report (Interim)
28 January 2016 Report (Quarterly)
05 January 2016 Report (Annual)
21 October 2015 Report (Quarterly)
29 September 2015 Report (Annual)
28 August 2015 Report (Prelim)
30 July 2015 Report (Quarterly)
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