RE:RE:FY20 Results Callcouples4 wrote: Whereas Teranga does not have to produce financial results for the 4th quarter and the full year and that Endeavour last report made no mention of,how can we measure the last financial contribution of Tgz to the balance sheet of Edv.Should we wait for Q1results?
Yes, we will have to wait for Q1 results for historic figures, but the guidance on pp23-24 of MDA/FS shows the production/AISC impact of each mine in 2021, including the Teragna assets (from the date of acquisition). CAPEX plans for each mine are also shown.
Q1 results will also be best for precise balance sheet impact. Following factors will impact (my estimate for each in paranetheses):
- Teranaga starting net debt ($300m)
- EDV dividend ($60m)
+ EDV starting net cash ($75m)
+ Q1 operating cashflow ($300m)
- Q1 CAPEX ($100m)
+ La Mancha investment ($200m)
+ Agbaou disposal initial proceeds ($20m)
So, if my estimates are right, we end Q1 with $135m of net cash.
Cheers,
Mark