Argonaut Gold third quarter financial and operating results Argonaut Gold plans to release its third quarter financial and operating results for the three and nine months ended September 30, 2023 prior to market open on Tuesday, November 14, 2023.
These are two possiblities I'm anticipating..
Base case:
Sale price US$1,860 per oz
Gold production 57,500 oz
Revenue US$106,950,000
Profit margin(after-tax and g&a) US$516.54 per oz
Earnings US$29,701,050
EPS US$0.034
Exeptional case:
Florida Canyon 19,250 oz, sale price US$1,900 per oz
Mexican Operations 25,000 oz, sale price US$1,900 per oz
Magino 50,750 oz, sale price US$1,860 per oz
Profit margin(after-tax and g&a) US$516.54 per oz
Revenue US$178,470,000
Earnings US$49,071,300
EPS US$0.057
365 (days) / 4 (Q) * 13,000 (tpd) * 1.43 (g/t AU) / 31.1 * .93 (recovery rate) = 50,726 oz
Feel I should iterate..
Average price to earnings ratio of 82 different gold mining companies is 32.1
The "Exceptional case" will soon enough be the company's base case.
US$49,071,300 * 4 * 32.1 = US$6,300,754,920 Market capitalization
https://companiesmarketcap.com/gold-mining/gold-mining-companies-ranked-by-pe-ratio/