RE:Adjusted net income for last 5 years - extrapolating 2020Sorry for quoting myself, but after checking the actuals for adj net income I saw that my previous estimate was a bit out of whack. Revised with actuals:
2020 Actuals so far: Q1: $21.2 Q2: $17.5 Q3: $29.5 For a total of 68.2.
As Q4 was clearly the big quarter in terms of high average gold price, I'll say $31.8 million adj net income for Q4. That would make a nice round $100 million totla for 2020:
2020 $100 (actuals + Q4 estimate)
2019 $60.5
2018 $42.5
2017 $23
2016 $15.6
VerusSemperSors wrote: Adjusted net income in $ millions - I get a total of > 285:
2021 Not counting these chickens - But simliar to 2020 or better assuming current gold price.
2020 $144 (my estimate based on 2020 gold average price vs 2019 avg price)
2019 $60.5
2018 $42.5
2017 $23
2016 $15.6
That's over $285 million that GCM has earned in the last five years, plowing most of it back in to reduce debt, improve operations, etc. Now the market values them at $358 million.