Katanga Mining Ltd Ord KATFF

Metals & Mining Industrial Metals & Minerals

Katanga Mining Ltd, through its subsidiaries, is engaged in copper and cobalt production activities in the Democratic Republic of Congo (DRC). Specifically, the company explores and develops properties with potential copper and cobalt yields operate mining and processing facilities that produce copper and cobalt and holds a portfolio of other mines that may be developed in the future.

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Katanga Mining Ltd Ord > Here's likely what's happening & what we haven't been told y

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Comment by patels96on Apr 05, 2019 2:50pm

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Post# 29589268

RE:RE:RE:RE:Here's likely what's happening & what we haven't been told y

@bigguy56,

COGS Inlcudes:

Direct Costs (Mining/Transportation, Processing/Refining, & Royalties)
Depreciation is includes in COGS...remember KAT uses UOP (Unit of Production Method)
COGS also includes adjustments for Provisional Pricing...aka any changes in the price of Copper or Cobalt is reflected here

In Q4 2018, Revenues were low due to declining prices of the commodities (Copper & Cobalt) and plus lower saleable Cobalt to GLEN (due to Uranium)

CAPEX would not show up in the P&L (or Income Statement), it would be a Cash Outflow From Investing Activities, which impact the Cash Flows. CAPEX can be divided into Sustaining & Growth. Sustaining CAPEX is the CAPEX that is used to sustain existing oeprations, and Growth CAPEX is used to grow the existing operations and will be subject to depreciation. CAPEX will NOT be reflected in the Income Statement.

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