Tin Archives - MiningFeeds

Vancouver, British Columbia–(Newsfile Corp. – November 12, 2024) – Lara Exploration Ltd. (TSXV: LRA) ("Lara") is pleased to report that mining and processing has resumed at the Celesta Copper Project in the Carajás of Brazil. Tessarema Resources has advised that an additional 3,545m of resource definition drilling was completed on the Osmar and Galpão targets while work was carried out to reinstate permits and bring the processing plant out of care and maintenance. Tessarema resumed mining and processing ore from stockpiles and the Osmar pit in October, with a gradual ramp-up expected in the coming months.

Lara owns a 5% net profits interest in the project, via preferred shares of Celesta, without the obligation to contribute to the re-start costs, and a 2% Net Smelter Returns ("NSR") Royalty on production.

About Lara Exploration

Lara is an exploration company following the Prospect and Royalty Generator business model, which aims to minimize shareholder dilution and financial risk by generating prospects and exploring them in joint ventures funded by partners, retaining a minority interest and or a royalty. The Company currently holds a diverse portfolio of prospects, deposits and royalties in Brazil, Peru and Chile. Lara's common shares trade on the TSX Venture Exchange under the symbol "LRA".

For further information on Lara Exploration Ltd. please consult our website www.laraexploration.com, or contact Chris MacIntyre, VP Corporate Development, at +1 416 703 0010.

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/229637

In the wake of a decisive U.S. election outcome, Canadian markets are experiencing renewed optimism, with the TSX reaching record highs alongside its American counterparts. As investors navigate this post-election landscape, attention turns to long-term fundamentals and identifying promising opportunities within Canada’s small-cap sector. A good stock in this environment often displays strong fundamentals and potential for growth, making it well-positioned to benefit from favorable economic conditions and market sentiment shifts.

Top 10 Undiscovered Gems With Strong Fundamentals In Canada

Name	Debt To Equity	Revenue Growth	Earnings Growth	Health Rating
TWC Enterprises	6.24%	12.63%	23.89%	★★★★★★
Reconnaissance Energy Africa	NA	15.28%	7.58%	★★★★★★
Grown Rogue International	24.92%	43.35%	67.95%	★★★★★☆
Mako Mining	22.90%	38.12%	54.79%	★★★★★☆
Maxim Power	25.01%	13.56%	17.14%	★★★★★☆
Queen’s Road Capital Investment	7.20%	22.14%	22.20%	★★★★☆☆
Corby Spirit and Wine	75.89%	5.97%	-5.75%	★★★★☆☆
Petrus Resources	19.44%	17.39%	46.03%	★★★★☆☆
Genesis Land Development	47.40%	28.61%	52.30%	★★★★☆☆
DIRTT Environmental Solutions	58.73%	-5.34%	-5.43%	★★★★☆☆

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We’ll examine a selection from our screener results.

Corby Spirit and Wine

Simply Wall St Value Rating: ★★★★☆☆

Overview: Corby Spirit and Wine Limited, along with its subsidiaries, engages in the production, marketing, and importation of spirits, wines, and ready-to-drink cocktails across Canada, the United States, the United Kingdom, and other international markets with a market cap of CA$352.95 million.

Operations: Corby Spirit and Wine generates revenue primarily from Case Goods, contributing CA$198.75 million, followed by Commissions at CA$26.59 million.

Corby Spirit and Wine, a notable player in Canada’s beverage industry, has shown resilience with earnings growth of 8.9% over the past year, outpacing the industry average. Despite a high net debt to equity ratio of 58.3%, their interest payments are well covered by EBIT at 7.2x coverage, indicating strong financial management. The company’s price-to-earnings ratio stands attractively at 14.8x compared to the industry’s 25.8x average. Recently, Corby launched a new RTD product line in collaboration with Ocean Spray®, potentially boosting market presence and consumer engagement across Canada by Spring 2025.

TSX:CSW.A Debt to Equity as at Nov 2024SilverCrest Metals

Simply Wall St Value Rating: ★★★★★★

Overview: SilverCrest Metals Inc. focuses on acquiring, exploring, and developing precious metal properties in Mexico with a market capitalization of CA$2.13 billion.

Operations: SilverCrest Metals generates revenue primarily from its Las Chispas project, amounting to $261.54 million.

SilverCrest Metals, a nimble player in the mining sector, has demonstrated robust earnings growth of 30.6% over the past year, outpacing its industry peers. Despite having no debt for five years and maintaining high-quality earnings, future projections suggest an average annual decline of 19.2% in earnings over the next three years. Recent production results show a slight dip with gold recovery at 14,928 oz compared to last year’s 15,700 oz and silver recovery at 1.41 million oz down from 1.49 million oz; however, ore mined increased significantly to 124,229 tonnes from last year’s 83,800 tonnes. Notably poised for transformation through Coeur Mining’s acquisition valued at approximately US$1.7 billion—equating to $11.34 per share—this transaction is anticipated to conclude by Q1 of next year pending regulatory approvals and shareholder consent.

TSX:SIL Earnings and Revenue Growth as at Nov 2024Alphamin Resources

Simply Wall St Value Rating: ★★★★★★

Overview: Alphamin Resources Corp., along with its subsidiaries, focuses on the production and sale of tin concentrates and has a market capitalization of CA$1.61 billion.

Operations: Alphamin Resources generates revenue primarily through the production and sale of tin concentrates. The company has a market capitalization of CA$1.61 billion, reflecting its position in the tin industry.

Alphamin Resources, a notable player in the mining sector, has demonstrated robust financial performance with earnings growth of 35.4% over the past year, outpacing industry averages. The company reported impressive sales of US$174.55 million for Q3 2024, a significant increase from US$80.78 million in the same period last year, alongside net income rising to US$32.94 million from US$14.73 million previously. Furthermore, Alphamin’s net debt to equity ratio stands at a satisfactory 0.3%, reflecting strong financial health and effective debt management over recent years as it reduced from 56.8% to 17.3%.

TSXV:AFM Debt to Equity as at Nov 2024Key Takeaways

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include TSX:CSW.A TSX:SIL and TSXV:AFM.

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Alphamin Resources Corp.

Grand Baie, MAURITIUS, Nov. 06, 2024 (GLOBE NEWSWIRE) — Alphamin Resources Corp. (AFM:TSXV, APH:JSE AltX)( “Alphamin” or the “Company”) announced today the filing of its unaudited condensed consolidated financial statements and accompanying Management’s Discussion and Analysis (“MD&A”) for the quarter ended 30 September 2024 on SEDAR+ at www.sedarplus.ca. EBITDA and AISC for the quarter are in line with guidance announced on 3 October 2024.

Highlights:

Interim FY2024 dividend increased to CAD$0.06 per share (previously CAD$0.03 per share) and paid on 4 November 2024
Record quarterly tin production of 4,917 tonnes, up 22% from the prior quarter
Q3 EBITDA3 of US$91.6m (Guidance: US$91.5m), up 69% from the prior quarter
AISC per tonne of tin sold of US$15,728 (Guidance US$15,700), in line with the prior quarter

Operational and Financial Summary for the Quarter ended September 20241

Description	Units	Quarter ended September 2024	Quarter ended June 2024	Change
Ore Processed	Tonnes	229,107	166,676	37	%
Tin Grade Processed	% Sn	2.9	3.2	-9	%
Overall Plant Recovery	%	73.5	75.4	-3	%
Contained Tin Produced	Tonnes	4,917	4,028	22	%
Contained Tin Sold	Tonnes	5,552	3,245	71	%
EBITDA2	US$'000	91,567	54,242	69	%
AISC2	US$/t sold	15,728	15,556	1	%
Average Tin Price Achieved	US$/t	31,757	32,314	-2	%

1Information is disclosed on a 100% basis. Alphamin indirectly owns 84.14% of its operating subsidiary to which the information relates. 2This is not a standardized financial measure and may not be comparable to similar financial measures of other issuers.See “Use of Non-IFRS Financial Measures” below and “Selected Consolidated Financial Information” in Company’s Q3 2024 MD&A for the composition and calculation of this financial measure and a reconciliation to its most comparable IFRS measure.

FOR MORE INFORMATION, PLEASE CONTACT:

Maritz Smith CEO Alphamin Resources Corp. Tel: +230 269 4166E-mail: msmith@alphaminresources.com

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

USE OF NON-IFRS FINANCIAL PERFORMANCE MEASURES

This announcement refers to the following non-IFRS financial performance measures:

EBITDA

EBITDA is profit before net finance expense, income taxes and depreciation, depletion, and amortization. EBITDA provides insight into our overall business performance (a combination of cost management and growth) and is the corresponding flow driver towards the objective of achieving industry-leading returns. This measure assists readers in understanding the ongoing cash generating potential of the business including liquidity to fund working capital, servicing debt, and funding capital expenditures and investment opportunities.

This measure is not recognized under IFRS as it does not have any standardized meaning prescribed by IFRS and is therefore unlikely to be comparable to similar measures presented by other issuers. EBITDA data is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS.

CASH COSTS

This measures the cash costs to produce and sell a tonne of contained tin. This measure includes mine operating production expenses such as mining, processing, administration, indirect charges (including surface maintenance and camp and head office costs), and smelting, refining and freight, distribution and royalties. Cash Costs do not include depreciation, depletion, and amortization, reclamation expenses, capital sustaining, borrowing costs and exploration expenses. On mine costs, exclusive of stock movement, are calculated on a cost per tonne produced basis, off mine costs are calculated on a cost per tonne sold basis.

AISC

This measures the cash costs to produce and sell a tonne of contained tin plus the capital sustaining costs to maintain the mine, processing plant and infrastructure. This measure includes the Cash Cost per tonne and capital sustaining costs together divided by tonnes of contained tin produced. All-In Sustaining Cost per tonne does not include depreciation, depletion, and amortization, reclamation, borrowing costs, foreign exchange gains and losses, exploration expenses and expansion capital expenditures.

Sustaining capital expenditures are defined as those expenditures which do not increase payable mineral production at a mine site and excludes all expenditures at the Company’s projects and certain expenditures at the Company’s operating sites which are deemed expansionary in nature.

The Canadian market has shown resilience, climbing 1.0% over the last week and 27% over the past year, with earnings forecast to grow by 16% annually. Investing in penny stocks—an area often associated with smaller or newer companies—can still offer unique growth opportunities when these stocks are supported by strong financial health. Despite being considered a niche investment category, penny stocks may present underappreciated chances for growth at lower price points, especially when they exhibit solid fundamentals and balance sheet strength.

Top 10 Penny Stocks In Canada

Name	Share Price	Market Cap	Financial Health Rating
PetroTal (TSX:TAL)	CA$0.68	CA$620.88M	★★★★★★
Findev (TSXV:FDI)	CA$0.41	CA$11.75M	★★★★★☆
Winshear Gold (TSXV:WINS)	CA$0.165	CA$4.4M	★★★★★★
Mandalay Resources (TSX:MND)	CA$3.24	CA$297.04M	★★★★★★
Pulse Seismic (TSX:PSD)	CA$2.29	CA$119.71M	★★★★★★
Amerigo Resources (TSX:ARG)	CA$1.80	CA$303.41M	★★★★★☆
Foraco International (TSX:FAR)	CA$2.40	CA$221.84M	★★★★★☆
East West Petroleum (TSXV:EW)	CA$0.035	CA$3.17M	★★★★★★
Newport Exploration (TSXV:NWX)	CA$0.115	CA$12.14M	★★★★★★
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Alithya Group

Simply Wall St Financial Health Rating: ★★★★☆☆

Overview: Alithya Group Inc. offers strategy and digital technology services across Canada, the United States, and Europe, with a market cap of CA$173.51 million.

Operations: The company generates revenue from its Management Consulting Services segment, which amounts to CA$480.41 million.

Market Cap: CA$173.51M

Alithya Group Inc., with a market cap of CA$173.51 million, operates in the digital technology services sector and reported first-quarter revenue of CA$120.88 million, down from CA$131.6 million a year earlier. Despite being unprofitable, Alithya has managed to reduce its net loss to CA$2.76 million from CA$7.25 million and maintains a strong cash runway exceeding three years due to positive free cash flow growth of 48.1% annually. The company is trading at 81.5% below estimated fair value and has completed share buybacks totaling 576,151 shares for CAD 1.08 million since September 2023.

TSX:ALYA Debt to Equity History and Analysis as at Oct 2024Quipt Home Medical

Simply Wall St Financial Health Rating: ★★★★★☆

Overview: Quipt Home Medical Corp. operates through its subsidiaries to provide durable and home medical equipment and supplies in the United States, with a market cap of CA$174.51 million.

Operations: The company generates revenue of $244.23 million from its provision of durable and home medical equipment and supplies in the United States.

Market Cap: CA$174.51M

Quipt Home Medical, with a market cap of CA$174.51 million, is navigating the challenges of being unprofitable while focusing on strategic growth. Despite a net loss increase to US$3.65 million for the nine months ending June 2024, revenue rose to US$193.29 million from US$159.22 million year-on-year, reflecting its operational resilience in the U.S. healthcare market. The company has a seasoned management team and maintains sufficient cash runway for over three years due to positive free cash flow growth, positioning it well for potential acquisitions amidst higher interest rates and volatile markets, while trading below estimated fair value.

TSX:QIPT Financial Position Analysis as at Oct 2024Lara Exploration

Simply Wall St Financial Health Rating: ★★★★★★

Overview: Lara Exploration Ltd., with a market cap of CA$62.64 million, operates through its subsidiaries to acquire, explore, develop, and evaluate mineral properties in Brazil, Peru, and Chile.

Operations: Lara Exploration Ltd. does not report specific revenue segments but focuses on the acquisition, exploration, development, and evaluation of mineral properties in Brazil, Peru, and Chile.

Market Cap: CA$62.64M

Lara Exploration Ltd., with a market cap of CA$62.64 million, is pre-revenue and unprofitable, yet holds potential due to its strategic mineral assets in Brazil, Peru, and Chile. The recent initial resource estimate for the Planalto Copper-Gold Project in Brazil highlights significant indicated resources of 47.7 million tonnes at an average grade of 0.53% copper and inferred resources totaling 154 million tonnes at an average grade of 0.36% copper. The company benefits from a debt-free balance sheet and experienced management team but faces challenges with declining earnings over the past five years despite recent profitability improvements reported in Q2 2024 results.

TSXV:LRA Financial Position Analysis as at Oct 2024Next Steps

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Vancouver, British Columbia–(Newsfile Corp. – October 17, 2024) – Miles Thompson announced that he has acquired ownership of 230,770 common shares (representing 0.5% of the outstanding common shares) of Lara Exploration Ltd. (TSXV: LRA) ("Lara") of Vancouver, BC. The common shares were acquired pursuant to the exercise of share purchase warrants exercisable at $1.00 each.

Immediately prior to the acquisition, Mr. Thompson owned and had control and direction over 4,544,373 common shares (representing 9.84% of Lara's outstanding common shares), stock options to purchase an additional 700,000 common shares under Lara's Stock Option Plan and the above noted share purchase warrants. If the options were exercised together with the share purchase warrants, Mr. Thompson would have had ownership of 5,475,143 common shares (representing 11.63% of the outstanding common shares on a partially diluted basis) of Lara.

Mr. Thompson now owns and has control and direction over 4,775,143 common shares (representing 10.14% of Lara's outstanding common shares), and stock options to purchase an additional 700,000 common shares. If the 700,000 stock options were exercised, Mr. Thompson would own and have control and direction over 5,475,143 common shares (representing 11.63% of the outstanding common shares on a partially diluted basis) of Lara.

The shares were acquired today for investment purposes under the prospectus exemption set out in section 2.24 [Employee, executive officer, director and consultant] of National Instrument 45-106 Prospectus Exemptions of the Canadian Securities Administrators. Presently, Mr. Thompson does not have any intention of acquiring any further securities of Lara. However, Mr. Thompson may acquire or dispose of securities of Lara in the open market, in privately negotiated transactions or otherwise, including through the exercise of the Options. Mr. Thompson's decision to acquire or dispose of securities of the Issuer will depend on general market conditions and other factors.

Mr. Thompson will file an Early Warning Report with the British Columbia, Alberta and Ontario Securities Commissions in respect of the acquisition. Copies of the Report may be obtained from SEDAR+ (www.sedarplus.ca) or without charge from Lara or me.

Contact: Miles Thompson(+) 1-604-669-8777

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/226946

Vancouver, British Columbia–(Newsfile Corp. – October 17, 2024) – Lara Exploration Ltd. (TSXV: LRA) ("Lara" or the "Company") is pleased to report that it has filed an independent technical report (the "Technical Report") prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101") supporting the initial resource estimate on its 100% owned Planalto Copper-Gold Project in the Carajás Mineral Province of northern Brazil.

The Technical Report, titled "Independent Technical Report on Mineral Resources Estimate for the Planalto Project, Canaã dos Carajás/Pará, Brazil", dated September 5, 2024, with an effective date of July 3, 2024, may be found under the Company's issuer profile on SEDAR+ (www.sedarplus.ca), with a copy also available on the Company's website at www.laraexploration.com. The Technical Report was authored by Leonardo de Moraes Soares, MSc (Geo), MAIG and Paulo Bergmann, BSc (Min Eng), FAusIMM, both of GE21 Consultoria Mineral Ltda. There are no material differences in the Technical Report from those results disclosed in the Company's news release dated October 9, 2024, or those disclosed below.

The Planalto Copper Project is located between Vale's Sossego copper mine and Cristalino copper deposit, and BHP's Pedra Branca copper mine and Antas mill, in the Carajás Mineral Province of northern Brazil. The Mineral Resources summarized in Table 1., contain a shallow dipping higher grade Main Mineralization domain, surrounded by a lower grade Host Rock Mineralization domain, constrained within an open pit shell representing a reasonable prospect of eventual economic extraction (RPEE). The Indicated Resources are estimated to be 47.7 million tonnes (Mt) at an average grade of 0.53% copper (Cu) and 0.06 grams per tonne (g/t) gold (Au), or 0.56% copper-equivalent (CuEq), containing 253 thousand tonnes (0.56 billion pounds) Cu or 267 thousand tonnes (0.59 billion pounds) CuEq. Inferred Resources are estimated to be 154 Mt at an average grade of 0.36%Cu and 0.04g/t Au, or 0.38%CuEq, containing 549 thousand tonnes (1.2 billion pounds) Cu or 585 thousand tonnes (1.3 billion pounds) CuEq.

Table 1: Mineral Resource Statement as at July 03, 2024 for the Planalto Deposit

Resource Category	Domain	Resource(Mt)	Cu grade(%)	Copper Equivalent( %)	Au grade(g/t)	Cu(Kt)	Cu(Mlbs)	Au(Koz)
Indicated	Main Mineralization	47.7	0.53	0.56	0.06	253	557	92
Indicated	Host Rock Mineralization	–	–	–	–	–	–	–
Total Indicated		47.7	0.53	0.56	0.06	253	557	92
Inferred	Main Mineralization	77.7	0.51	0.54	0.06	396	874	149.9
Inferred	Host Rock Mineralization	76.3	0.2	0.22	0.03	153	336	73.6
Total Inferred		154.0	0.36	0.38	0.04	549	1210	223.5

Notes related to the Mineral Resource Estimate:

The Mineral Resource Estimate (MRE) was restricted by a pit shell defined using metal prices of 10,000 US$/t Cu and 2,200 US$/oz Au, mining cost of 2.9 US$/t mined, processing and G&A cost of 11.50 US$/t processed. Process recovery of 88% Cu and 68% Au. Concentrate transport and selling costs of 208 US$/t concentrate. Commercial smelter terms, copper treatment and refining charges 59.5 US$/t concentrate, 0.06 US$/t metal, gold refining charge 4.47 US$/Oz.

Indicated and Inferred Resources are reported above a 0.16 % copper-equivalent cut off.

Copper-equivalent grade (CuEq) = Cu grade + ((Au Recovery x Au price x Payable Au) / (Cu Recovery x Cu price x Percentage Payable for Cu in NSR)) x Au grade, where: Payable Au = 90% and Percentage Payable for Cu in NSR = 83.7%.

The MRE contains fresh rock domains only, the oxide mineralization is not reported.

Grades reported using dry density.

The MRE is within Planalto Mineração tenement areas.

The MRE was estimated using ordinary kriging in 40m x 40m x 20m blocks with sub-blocks of 10m x 10m x 5m.

The MRE was produced using Leapfrog Geo software.

The MRE was prepared in accordance with the CIM Standards, and the CIM Guidelines, using geostatistical and/or classical methods, plus economic and mining parameters appropriate to the deposit.

The effective date of the MRE is July 3rd, 2024.

The QP responsible for the Mineral Resources Estimate is geologist Leonardo Soares (MAIG #5180).

Mineral Resources are not ore reserves and are not demonstrably economically recoverable.

The MRE numbers provided have been rounded to estimate relative precision. Values may not be added due to rounding.

Qualified Person

Mr. Leonardo de Moraes Soares MAIG, is a Qualified Person under NI 43-101 and is an independent consultant to the Company. Mr. Moraes co-authored the Technical Report, signed off on the Mineral Resource Statement and approved the technical disclosure in this release.

Mr Michael Bennell BSc, MSc, FAusIMM, is a Qualified Person under NI 43-101 and is the Vice President Exploration of the Company. Mr. Bennell approved the technical disclosure in this release and has verified the data disclosed.

About Lara Exploration

For further information on Lara Exploration Ltd. please consult our website www.laraexploration.com, or contact Chris MacIntyre, VP Corporate Development, at +1 416 703 0010.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Cautionary Statement on Forward-Looking Information

This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation based on expectations, estimates and projections as at the date of this news release. Any statement that involves predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance are not statements of historical fact and constitute forward-looking information. This news release may contain forward-looking information pertaining to the Planalto Copper-Gold Project, including, among other things, the ability to identify additional resources and reserves (if any) and exploit such resources and reserves on an economic basis; the preparation of a Preliminary Economic Assessment; the conduct of additional drilling; and upgrading of current mineral resource estimates.

Forward-looking information is not a guarantee of future performance and is based upon a number of estimates and assumptions of management, in light of management's experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, including, without limitation, assumptions about: favourable equity and debt capital markets; the ability and timing of funding to advance the development of the Planalto Project and pursue planned exploration and development; future spot prices of copper, gold and other minerals; the timing and results of exploration and drilling programs; the accuracy of mineral resource estimates; production costs; political and regulatory stability; the receipt of governmental and third party approvals; licenses and permits being received on favourable terms; sustained labour stability; stability in financial and capital markets; availability of mining equipment and positive relations with local communities and groups. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information are set out in the Company's public disclosure record on SEDAR+ (www.sedarplus.ca) under the Company's issuer profile. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward- looking information, whether as a result of new information, future events or otherwise, other than as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/226857

VANCOUVER, BC, Sept. 30, 2024 /CNW/ – (TSX: LUN) (Nasdaq Stockholm: LUMI) Lundin Mining Corporation ("Lundin Mining" or the "Company") reports the following updated share capital and voting rights, in accordance with the Swedish Financial Instruments Trading Act:

The number of issued and outstanding shares of the Company has increased by 71,562 to 776,862,620 common shares with voting rights as of September 30, 2024. The increase in the number of issued and outstanding shares from September 1, 2024 to date is a result of the exercise of employee stock options or the vesting of employee share units.

About Lundin Mining

Lundin Mining is a diversified Canadian base metals mining company with operations and projects in Argentina, Brazil, Chile, Portugal, Sweden and the United States of America, primarily producing copper, zinc, gold and nickel.

The information in this release is subject to the disclosure requirements of Lundin Mining under the Swedish Financial Instruments Trading Act. The information was submitted for publication, through the agency of the contact persons set out below on September 30, 2024 at 14:30 Pacific Time.

Lundin Mining Announces Updated Share Capital and Voting Rights (CNW Group/Lundin Mining Corporation)

SOURCE Lundin Mining Corporation

Cision

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/September2024/30/c1463.html

Vancouver, British Columbia–(Newsfile Corp. – September 23, 2024) – Lara Exploration Ltd. (TSXV: LRA) ("Lara") is pleased to report completion of the expenditures required to increase its ownership interest in the Mantaro Phosphate Project from 33% to 70%. As part of its operational strategy, Lara has established a new subsidiary, Fosfatos Alli Allpa, as the vehicle to advance further exploration, technical studies, and the eventual development. Named for its significance in the local Quechua language as "good soil" phosphates, Fosfatos Alli Allpa aims to produce and concentrate phosphate rock to meet the growing demand for natural fertilizers in the Junín Region, the Peruvian market generally, and eventually for export.

"Lara remains committed to sustainable practices and proactive community engagement, as we seek to develop phosphate fertilizer production via Fosfatos Alli Allpa," commented Miles Thompson, Chairman of Lara Exploration Ltd.

Lara is working under a Research Collaboration Agreement with the Peruvian National Institute of Agrarian Innovation (INIA) with on-going studies, fertilizing soils on selected test plots near the project with crushed phosphate rock, to demonstrate potential improvements in crop yields through the application of locally sourced phosphates.

Located between the provinces of Jauja and Concepción in the Junín Region of Central Peru, the Mantaro Phosphate Project hosts thick and extensive layers of sedimentary phosphate. Previous exploration, including trenching, drilling, processing test work, and other technical studies, have identified phosphate mineralization that is suitable for surface extraction, beneficiation and production of marketable phosphate rock concentrates. The project was previously studied by Stonegate Agricom Ltd. (later acquired by Itafos Inc.), which published a NI 43-101 technical report ("Technical Report on the Mantaro Phosphate Deposit Junín District Peru" authored by Donald H. Hains and Michelle Stone of Hains Technology Associates) on SEDAR on March 16, 2010.

The project also benefits from its strategic location near the national highway and major rail line connecting Huancayo with Lima and the port of Callao, as well as the newly completed Chinese-operated mega-port of Chancay. The rail line is being upgraded to increase capacity and a new concession has recently been granted to extend it to Huancavelica. High tension transmission lines traverse the property's western side.

About Lara Exploration

For further information on Lara Exploration Ltd. please consult our website www.laraexploration.com, or contact Chris MacIntyre, VP Corporate Development, at +1 416 703 0010.

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

-30-

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/224058

Alphamin Resources (CVE:AFM) has had a rough three months with its share price down 3.7%. However, a closer look at its sound financials might cause you to think again. Given that fundamentals usually drive long-term market outcomes, the company is worth looking at. Particularly, we will be paying attention to Alphamin Resources' ROE today.

Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. In short, ROE shows the profit each dollar generates with respect to its shareholder investments.

View our latest analysis for Alphamin Resources

How To Calculate Return On Equity?

The formula for return on equity is:

Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity

So, based on the above formula, the ROE for Alphamin Resources is:

18% = US$68m ÷ US$380m (Based on the trailing twelve months to June 2024).

The 'return' is the income the business earned over the last year. Another way to think of that is that for every CA$1 worth of equity, the company was able to earn CA$0.18 in profit.

Why Is ROE Important For Earnings Growth?

We have already established that ROE serves as an efficient profit-generating gauge for a company's future earnings. Based on how much of its profits the company chooses to reinvest or "retain", we are then able to evaluate a company's future ability to generate profits. Generally speaking, other things being equal, firms with a high return on equity and profit retention, have a higher growth rate than firms that don’t share these attributes.

Alphamin Resources' Earnings Growth And 18% ROE

To start with, Alphamin Resources' ROE looks acceptable. On comparing with the average industry ROE of 9.6% the company's ROE looks pretty remarkable. This certainly adds some context to Alphamin Resources' exceptional 44% net income growth seen over the past five years. However, there could also be other causes behind this growth. For example, it is possible that the company's management has made some good strategic decisions, or that the company has a low payout ratio.

Next, on comparing with the industry net income growth, we found that Alphamin Resources' growth is quite high when compared to the industry average growth of 25% in the same period, which is great to see.

past-earnings-growth

Earnings growth is an important metric to consider when valuing a stock. What investors need to determine next is if the expected earnings growth, or the lack of it, is already built into the share price. This then helps them determine if the stock is placed for a bright or bleak future. If you're wondering about Alphamin Resources''s valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry.

Is Alphamin Resources Making Efficient Use Of Its Profits?

The high three-year median payout ratio of 59% (implying that it keeps only 41% of profits) for Alphamin Resources suggests that the company's growth wasn't really hampered despite it returning most of the earnings to its shareholders.

Moreover, Alphamin Resources is determined to keep sharing its profits with shareholders which we infer from its long history of three years of paying a dividend.

Summary

On the whole, we feel that Alphamin Resources' performance has been quite good. In particular, its high ROE is quite noteworthy and also the probable explanation behind its considerable earnings growth. Yet, the company is retaining a small portion of its profits. Which means that the company has been able to grow its earnings in spite of it, so that's not too bad. Up till now, we've only made a short study of the company's growth data. You can do your own research on Alphamin Resources and see how it has performed in the past by looking at this FREE detailed graph of past earnings, revenue and cash flows.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

There's no doubt that money can be made by owning shares of unprofitable businesses. For example, although software-as-a-service business Salesforce.com lost money for years while it grew recurring revenue, if you held shares since 2005, you'd have done very well indeed. But while the successes are well known, investors should not ignore the very many unprofitable companies that simply burn through all their cash and collapse.

So, the natural question for Lara Exploration (CVE:LRA) shareholders is whether they should be concerned by its rate of cash burn. In this report, we will consider the company's annual negative free cash flow, henceforth referring to it as the 'cash burn'. Let's start with an examination of the business' cash, relative to its cash burn.

View our latest analysis for Lara Exploration

When Might Lara Exploration Run Out Of Money?

You can calculate a company's cash runway by dividing the amount of cash it has by the rate at which it is spending that cash. As at June 2024, Lara Exploration had cash of CA$2.7m and no debt. Importantly, its cash burn was CA$1.5m over the trailing twelve months. So it had a cash runway of approximately 21 months from June 2024. While that cash runway isn't too concerning, sensible holders would be peering into the distance, and considering what happens if the company runs out of cash. The image below shows how its cash balance has been changing over the last few years.

debt-equity-history-analysisHow Is Lara Exploration's Cash Burn Changing Over Time?

Lara Exploration didn't record any revenue over the last year, indicating that it's an early stage company still developing its business. So while we can't look to sales to understand growth, we can look at how the cash burn is changing to understand how expenditure is trending over time. Even though it doesn't get us excited, the 29% reduction in cash burn year on year does suggest the company can continue operating for quite some time. Admittedly, we're a bit cautious of Lara Exploration due to its lack of significant operating revenues. So we'd generally prefer stocks from this list of stocks that have analysts forecasting growth.

How Easily Can Lara Exploration Raise Cash?

While Lara Exploration is showing a solid reduction in its cash burn, it's still worth considering how easily it could raise more cash, even just to fuel faster growth. Companies can raise capital through either debt or equity. Many companies end up issuing new shares to fund future growth. We can compare a company's cash burn to its market capitalisation to get a sense for how many new shares a company would have to issue to fund one year's operations.

Lara Exploration's cash burn of CA$1.5m is about 3.0% of its CA$51m market capitalisation. That means it could easily issue a few shares to fund more growth, and might well be in a position to borrow cheaply.

So, Should We Worry About Lara Exploration's Cash Burn?

As you can probably tell by now, we're not too worried about Lara Exploration's cash burn. For example, we think its cash burn relative to its market cap suggests that the company is on a good path. And even though its cash burn reduction wasn't quite as impressive, it was still a positive. Considering all the factors discussed in this article, we're not overly concerned about the company's cash burn, although we do think shareholders should keep an eye on how it develops. On another note, we conducted an in-depth investigation of the company, and identified 3 warning signs for Lara Exploration (2 are concerning!) that you should be aware of before investing here.

If you would prefer to check out another company with better fundamentals, then do not miss this free list of interesting companies, that have HIGH return on equity and low debt or this list of stocks which are all forecast to grow.

Alphamin Resources (CVE:AFM) Second Quarter 2024 ResultsKey Financial Results

Revenue: US$103.9m (up 37% from 2Q 2023).
Net income: US$18.1m (up 23% from 2Q 2023).
Profit margin: 17% (down from 19% in 2Q 2023). The decrease in margin was driven by higher expenses.
EPS: US$0.014 (up from US$0.012 in 2Q 2023).

earnings-and-revenue-history

All figures shown in the chart above are for the trailing 12 month (TTM) period

Alphamin Resources' share price is broadly unchanged from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for Alphamin Resources that we have uncovered.

Alphamin Resources Corp.

GRAND BAIE, MAURITIUS, Aug. 23, 2024 (GLOBE NEWSWIRE) — Alphamin Resources Corp. (AFM:TSXV, APH:JSE AltX)( “Alphamin” or the “Company”) announced today the filing of its unaudited consolidated financial statements and accompanying Management’s Discussion and Analysis for the quarter ended 30 June 2024 on SEDAR+ at www.sedarplus.ca, an exploration update and the timing of dividends.

Exploration Update

Following completion of the Bisie mine expansion, the Company intends to commence with ongoing exploration drilling from Q4 2024. The exploration objectives are to:

Increase the Mpama North and Mpama South resource base and life of mine

Discover the next tin deposit in close proximity to the Bisie mine

Ongoing grassroots exploration in search of remote tin deposits

Initial drilling is planned at Mpama North from an underground exploration drive at level 16 which is 250m below the first mining level and extending 200m beyond the northern extremity of the orebody. Development of this drive is nearing completion with drilling to commence early Q4 2024. Exploration holes are planned in multiple directions on strike and at depth. Additional underground exploration drives are planned from level 20 beyond the southern end of the Mpama North orebody. Surface drilling is planned to commence in Q4 2024 at Mpama South and between Mpama North and Mpama South targeting extensions at depth and on strike further south. These initiatives are not only planned to increase life of mine but also to yield valuable information towards discovering additional tin deposits in close proximity. In addition, an external review of all exploration data to date is expected to guide incremental drilling initiatives from 2025.

Timing of semi-annual dividends

In line with prior periods, the Board intends to consider the declaration of semi-annual dividends being a final dividend and an interim dividend in April and early October of each year. The dates of these dividend declarations are intended to be aligned with the timing of holding of meetings of Alphamin Bisie Mining SA (ABM), the Company’s 84.14% DRC operating subsidiary, to approve ABM’s annual and interim financial statements and to consider the declaration of a dividend for distribution to shareholders of ABM.

Qualified Person

Mr. Jeremy Witley, Pr. Sci. Nat., BSc. (Hons) Mining Geology, MSc (Eng), is a qualified person (QP) as defined in National Instrument 43-101 and has reviewed and approved the scientific and technical information contained in this news release. He is Head of Mineral Resources at the MSA Group (Pty) Ltd and is an independent technical consultant to the Company.

_________________________________________________________________________________________

FOR MORE INFORMATION, PLEASE CONTACT:

Maritz Smith CEO Alphamin Resources Corp. Tel: +230 269 4166E-mail: msmith@alphaminresources.com

CAUTION REGARDING FORWARD LOOKING STATEMENTS

Information in this news release that is not a statement of historical fact constitutes forward-looking information. Forward-looking statements contained herein include, without limitation, statements relating to the timing and declaration of dividends and planned exploration activities. Forward-looking statements are based on assumptions management believes to be reasonable at the time such statements are made. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Although Alphamin has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. Factors that may cause actual results to differ materially from expected results described in forward-looking statements include, but are not limited to: uncertainties regarding the price of tin on the international markets, the level of tin production and ability to sell product, uninterrupted supply of equipment and consumables to effectively run the operation, adverse political events and risks of security related incidents which may impact the operation or safety of its people as well as those risk factors set out in the Company’s annual Management Discussion and Analysis and other disclosure documents available under the Company’s profile at www.sedarplus.ca. Forward-looking statements contained herein are made as of the date of this news release and Alphamin disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.

It might be of some concern to shareholders to see the Alphamin Resources Corp. (CVE:AFM) share price down 11% in the last month. But that doesn't undermine the fantastic longer term performance (measured over five years). In that time, the share price has soared some 335% higher! Arguably, the recent fall is to be expected after such a strong rise. But the real question is whether the business fundamentals can improve over the long term.

Let's take a look at the underlying fundamentals over the longer term, and see if they've been consistent with shareholders returns.

View our latest analysis for Alphamin Resources

There is no denying that markets are sometimes efficient, but prices do not always reflect underlying business performance. One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS).

During the last half decade, Alphamin Resources became profitable. Sometimes, the start of profitability is a major inflection point that can signal fast earnings growth to come, which in turn justifies very strong share price gains. Since the company was unprofitable five years ago, but not three years ago, it's worth taking a look at the returns in the last three years, too. Indeed, the Alphamin Resources share price has gained 37% in three years. In the same period, EPS is up 170% per year. This EPS growth is higher than the 11% average annual increase in the share price over the same three years. So you might conclude the market is a little more cautious about the stock, these days.

The image below shows how EPS has tracked over time (if you click on the image you can see greater detail).

earnings-per-share-growth

It's probably worth noting that the CEO is paid less than the median at similar sized companies. It's always worth keeping an eye on CEO pay, but a more important question is whether the company will grow earnings throughout the years. It might be well worthwhile taking a look at our free report on Alphamin Resources' earnings, revenue and cash flow.

What About Dividends?

As well as measuring the share price return, investors should also consider the total shareholder return (TSR). The TSR is a return calculation that accounts for the value of cash dividends (assuming that any dividend received was reinvested) and the calculated value of any discounted capital raisings and spin-offs. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. As it happens, Alphamin Resources' TSR for the last 5 years was 409%, which exceeds the share price return mentioned earlier. This is largely a result of its dividend payments!

A Different Perspective

Alphamin Resources shareholders gained a total return of 10% during the year. But that was short of the market average. It's probably a good sign that the company has an even better long term track record, having provided shareholders with an annual TSR of 38% over five years. Maybe the share price is just taking a breather while the business executes on its growth strategy. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. Consider for instance, the ever-present spectre of investment risk. We've identified 2 warning signs with Alphamin Resources , and understanding them should be part of your investment process.

We will like Alphamin Resources better if we see some big insider buys. While we wait, check out this free list of undervalued stocks (mostly small caps) with considerable, recent, insider buying.

Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Canadian exchanges.

Alphamin Resources Corp.

GRAND BAIE, MAURITIUS, July 10, 2024 (GLOBE NEWSWIRE) — Alphamin Resources Corp. (AFM:TSXV, APH:JSE AltX)( “Alphamin” or the “Company”), is pleased to provide the following update for the quarter ended June 2024:

Record tin production of 4,027 tonnes, up 28% from the prior quarter
Tin sales of 3,245 tonnes, with increased tin stocks from the expansion expected to clear in Q3
EBITDA3 guidance of US$54,2m, up 4% from the prior quarter

Operational and Financial Summary for the Quarter ended June 20241

__________________________________________________________________________________________

1Information is disclosed on a 100% basis. Alphamin indirectly owns 84.14% of its operating subsidiary to which the information relates. Tin production includes tin produced at Mpama South since 14 May 2024. 2Q2 2024 EBITDA and AISC represent management’s guidance. 3This is not a standardized financial measure and may not be comparable to similar financial measures of other issuers.See “Use of Non-IFRS Financial Measures” below for the composition and calculation of this financial measure.

Operational and Financial Performance

The new Mpama South processing facility has been producing tin concentrate to sales specification since 14 May 2024 and achieved commercial production on 17 May 2024. Accordingly, AISC and EBITDA includes Mpama South from 17 May 2024. Tin sales lagged production resulting in a limited contribution from the expansion to EBITDA during the quarter. AISC guidance of US$15,576/t is inclusive of the incremental Mpama South production costs – the quarter-on-quarter increase in AISC is as a result of the impact of the higher tin price on royalties, export charges, net smelter returns and marketing fees.

Contained tin production of 4,027 tonnes for the quarter ended June 2024 was 28% above the prior period. This increase is a result of the Mpama South expansion. With only half of the quarter benefiting from the expansion, we expect Q3 to deliver a further increase in tin production.

Due to the expansion from mid-May 2024, ore processed increased by 52% to 166,675 tonnes and the tin grade of the feed ore reduced to 3,2%. This is in line with expectations as the expansion targets a doubling of processing volumes and a reduction in the overall tin grade to ~3%.

The Mpama South facility was originally targeted to produce at a metallurgical recovery of 70% on the basis of a 2% tin feed grade, which should result in a combined recovery of ~73% going forward. The new plant outperformed during Q2 and achieved recoveries in excess of 70% at an average feed grade of 2,2%.

Tin sales decreased by 21% to 3,245 tonnes – the comparative quarter recorded exceptionally high sales volumes as the quarter cleared the backlog from low Q4 2023 sales due to poor road conditions. The current quarter’s delay in tin sales should clear during Q3 2024.

EBITDA for Q2 2024 is estimated at US$54,2m (Q1 2024: US$52,1m). The EBITDA variance compared to the prior quarter was impacted by a 21% reduction in tin sales volumes and benefited from a positive tin price variance of 20%. The additional tin production from the expansion should translate into higher sales volumes from Q3 2024 and accordingly contribute to EBITDA. The lag in tin sales compared to production in Q2 2024 impacted EBITDA by approximately US$15m.

Alphamin’s unaudited consolidated financial statements and accompanying Management’s Discussion and Analysis for the quarter ended 30 June 2024 are expected to be released on or about 23 August 2024.

Qualified Person

Mr. Clive Brown, Pr. Eng., B.Sc. Engineering (Mining), is a qualified person (QP) as defined in National Instrument 43-101 and has reviewed and approved the scientific and technical information contained in this news release. He is a Principal Consultant and Director of Bara Consulting Pty Limited, an independent technical consultant to the Company._________________________________________________________________________________________

FOR MORE INFORMATION, PLEASE CONTACT:

Maritz Smith CEO Alphamin Resources Corp. Tel: +230 269 4166E-mail: msmith@alphaminresources.com

CAUTION REGARDING FORWARD LOOKING STATEMENTS

Information in this news release that is not a statement of historical fact constitutes forward-looking information. Forward-looking statements contained herein include, without limitation, statements relating to EBITDA and AISC guidance for Q2 2024; timing regarding the clearance of the backlog in tin sales; expectations regarding Mpama South plant recoveries and expectations regarding a further increase in tin production in Q3 2024; expectations regarding an increase to processing volumes and a reduction in the tin grade processed. Forward-looking statements are based on assumptions management believes to be reasonable at the time such statements are made. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Although Alphamin has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. Factors that may cause actual results to differ materially from expected results described in forward-looking statements include, but are not limited to: ongoing processing recoveries at the Mpama South plant and the availability of ore at expected quantities and grades, uncertainties regarding global supply and demand for tin and market and sales prices, uncertainties with respect to social, community and environmental impacts, uninterupted access to required infrastructure and third party service providers, uncertainties regarding the state of inbound and outbound roads and truck availabilities, adverse political events and risks of security related incidents which may impact the operation or safety of its people, uncertainties regarding the legislative requirements in the Democratic Republic of the Congo which may result in unexpected fines and penalties or the ability to continue with normal operations, impacts of the global Covid-19 pandemic or other health crises on mining operations and commodity prices as well as those risk factors set out in the Company’s annual Management Discussion and Analysis and other disclosure documents available under the Company’s profile at www.sedarplus.ca. Forward-looking statements contained herein are made as of the date of this news release and Alphamin disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.

USE OF NON-IFRS FINANCIAL PERFORMANCE MEASURES

This announcement refers to the following non-IFRS financial performance measures:

EBITDA

CASH COSTS

AISC

If you're looking for a multi-bagger, there's a few things to keep an eye out for. Amongst other things, we'll want to see two things; firstly, a growing return on capital employed (ROCE) and secondly, an expansion in the company's amount of capital employed. Put simply, these types of businesses are compounding machines, meaning they are continually reinvesting their earnings at ever-higher rates of return. And in light of that, the trends we're seeing at Alphamin Resources' (CVE:AFM) look very promising so lets take a look.

Understanding Return On Capital Employed (ROCE)

For those that aren't sure what ROCE is, it measures the amount of pre-tax profits a company can generate from the capital employed in its business. Analysts use this formula to calculate it for Alphamin Resources:

Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets – Current Liabilities)

0.26 = US$114m ÷ (US$544m – US$105m) (Based on the trailing twelve months to March 2024).

So, Alphamin Resources has an ROCE of 26%. That's a fantastic return and not only that, it outpaces the average of 1.0% earned by companies in a similar industry.

See our latest analysis for Alphamin Resources

roce

In the above chart we have measured Alphamin Resources' prior ROCE against its prior performance, but the future is arguably more important. If you'd like to see what analysts are forecasting going forward, you should check out our free analyst report for Alphamin Resources .

How Are Returns Trending?

The fact that Alphamin Resources is now generating some pre-tax profits from its prior investments is very encouraging. Shareholders would no doubt be pleased with this because the business was loss-making five years ago but is is now generating 26% on its capital. Not only that, but the company is utilizing 77% more capital than before, but that's to be expected from a company trying to break into profitability. This can tell us that the company has plenty of reinvestment opportunities that are able to generate higher returns.

On a side note, we noticed that the improvement in ROCE appears to be partly fueled by an increase in current liabilities. Effectively this means that suppliers or short-term creditors are now funding 19% of the business, which is more than it was five years ago. It's worth keeping an eye on this because as the percentage of current liabilities to total assets increases, some aspects of risk also increase.

The Bottom Line On Alphamin Resources' ROCE

Long story short, we're delighted to see that Alphamin Resources' reinvestment activities have paid off and the company is now profitable. And a remarkable 480% total return over the last five years tells us that investors are expecting more good things to come in the future. So given the stock has proven it has promising trends, it's worth researching the company further to see if these trends are likely to persist.

On a separate note, we've found 2 warning signs for Alphamin Resources you'll probably want to know about.

High returns are a key ingredient to strong performance, so check out our free list ofstocks earning high returns on equity with solid balance sheets.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

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Warren Buffett famously said, ‘Volatility is far from synonymous with risk.’ So it might be obvious that you need to consider debt, when you think about how risky any given stock is, because too much debt can sink a company. Importantly, Alphamin Resources Corp. (CVE:AFM) does carry debt. But the real question is whether this debt is making the company risky.

Why Does Debt Bring Risk?

Debt assists a business until the business has trouble paying it off, either with new capital or with free cash flow. If things get really bad, the lenders can take control of the business. While that is not too common, we often do see indebted companies permanently diluting shareholders because lenders force them to raise capital at a distressed price. By replacing dilution, though, debt can be an extremely good tool for businesses that need capital to invest in growth at high rates of return. The first step when considering a company’s debt levels is to consider its cash and debt together.

View our latest analysis for Alphamin Resources

How Much Debt Does Alphamin Resources Carry?

You can click the graphic below for the historical numbers, but it shows that Alphamin Resources had US$5.96m of debt in March 2022, down from US$54.8m, one year before. However, it does have US$140.6m in cash offsetting this, leading to net cash of US$134.7m.

debt-equity-history-analysisHow Healthy Is Alphamin Resources’ Balance Sheet?

Zooming in on the latest balance sheet data, we can see that Alphamin Resources had liabilities of US$101.2m due within 12 months and liabilities of US$30.7m due beyond that. On the other hand, it had cash of US$140.6m and US$46.5m worth of receivables due within a year. So it actually has US$55.3m more liquid assets than total liabilities.

This surplus suggests that Alphamin Resources has a conservative balance sheet, and could probably eliminate its debt without much difficulty. Simply put, the fact that Alphamin Resources has more cash than debt is arguably a good indication that it can manage its debt safely.

Better yet, Alphamin Resources grew its EBIT by 324% last year, which is an impressive improvement. That boost will make it even easier to pay down debt going forward. The balance sheet is clearly the area to focus on when you are analysing debt. But it is future earnings, more than anything, that will determine Alphamin Resources’s ability to maintain a healthy balance sheet going forward. So if you’re focused on the future you can check out this free report showing analyst profit forecasts.

Finally, a company can only pay off debt with cold hard cash, not accounting profits. Alphamin Resources may have net cash on the balance sheet, but it is still interesting to look at how well the business converts its earnings before interest and tax (EBIT) to free cash flow, because that will influence both its need for, and its capacity to manage debt. During the last two years, Alphamin Resources produced sturdy free cash flow equating to 76% of its EBIT, about what we’d expect. This free cash flow puts the company in a good position to pay down debt, when appropriate.

Summing up

While we empathize with investors who find debt concerning, you should keep in mind that Alphamin Resources has net cash of US$134.7m, as well as more liquid assets than liabilities. And it impressed us with its EBIT growth of 324% over the last year. So is Alphamin Resources’s debt a risk? It doesn’t seem so to us. There’s no doubt that we learn most about debt from the balance sheet. But ultimately, every company can contain risks that exist outside of the balance sheet. For example – Alphamin Resources has 3 warning signs we think you should be aware of.

If you’re interested in investing in businesses that can grow profits without the burden of debt, then check out this free list of growing businesses that have net cash on the balance sheet.

Alphamin Resources Corp.

GRAND BAIE, MAURITIUS, June 15, 2022 (GLOBE NEWSWIRE) — Alphamin Resources Corp. (AFM:TSXV, “Alphamin”, or the “Company”) commented on the recent closure of the Bunagana border post with Uganda, located 60km north-east of Goma, the capital of the North-Kivu province of the DRC, which has been closed following recent clashes between rebels and DRC government forces in the area.

The recent closure of the Bunagana border post has no impact on the Company’s operations. All Alphamin exports cross the Aru and Mahagi border posts with Uganda which are some 1000km north of the Bunagana town and do not transit through or close to Bunagana.

FOR MORE INFORMATION, PLEASE CONTACT:

Maritz Smith CEO Alphamin Resources Corp. Tel: +230 269 4166E-mail: msmith@alphaminresources.com

VANCOUVER, British Columbia, May 24, 2022 (GLOBE NEWSWIRE) — Rome Resources Ltd. (the “Company”) is pleased to announce that it has reached agreement in principle to acquire majority interests in two properties situated in the Walikali District of the North Kivu Province in eastern Democratic Republic of the Congo (“DRC”). The two contiguous properties adjoin the northern boundary of the tenements held by Alphamin Resources Corp. (“Alphamin”) (TSXV: AFM), and are referred to collectively as the “Bisie North Tin Project”. Alphamin’s Mpama North Mine is situated approximately 8 km south of the boundary of the Bisie North Tin Project.

The Bisie North Tin Project comprises two adjoining licences covering a total area of 38.4 km². Exploration Licence PR 13274 covers an area of 30.7 km² and is in the process of being converted into small scale mining permit PEPM 13274. Exploration Licence PR 15130 covers an area of 7.7 km², and its west and south boundaries adjoin PR 13274..

Exploration Permit 13274

The Company has agreed to acquire from Medidoc FZE (“Medidoc”) all of the issued and outstanding shares in Medidoc – RD Congo S.A.R.L.U. (“Medidoc Congo”) for CAD$2,000,000, to be paid by the issuance of 40,000,000 shares of the Company at a deemed price of CAD$0.05 per share. On closing, the Company has agreed to settle a debt of CAD$1,278,229 owing to Medidoc by Medidoc Congo by the issuance of an additional 25,564,580 shares of the Company at a deemed price of CAD$0.05 per share. The total consideration amounts to 65,564,229 shares.

Medidoc Congo holds a 72.5% interest in Exploration Permit PR 13274 (converting to PEPM 13274). The remaining 27.5% interest is held by Investissement et de Developpement Immobilier S.A.R.L (“IDI”). Medidoc Congo and IDI operate the permit under a joint venture agreement. Medidoc Congo is the operator of the joint venture.

Under the agreement, the Company has agreed to fund, to the extent of up to CAD$250,000, on-going costs associated with the maintenance of the Permit until closing. Such advances will be treated as a loan to Medidoc Congo.

Medidoc advises that exploration to date at PR 13274 by Medidoc Congo includes a soil sampling and geological mapping program with channel samples collected across mineralized structures currently being mined by artisanal miners. Soil samples were collected on lines 400m apart across the whole of PR 13274 and infill samples were collected on lines 200m apart over anomalous areas. The assay results returned a significant continuous tin-in-soil anomaly with gold, copper and zinc credits over a 4 kilometre strike length. The channel sample results reportedly returned tin values up to 1m at 11% Sn. The Company has not verified these results, and is carrying out its independent due diligence and verification investigations.

Exploration Permit PR 15130

The Company has agreed to acquire from CoTinCo Minerals Projects International LLC (“CTC”) a 65% interest in PR 15130 for CAD$1,000,000, to be paid by the issuance of 20,000,000 shares of the Company at a deemed price of CAD$0.05 per share. CTC currently holds a 70% interest in PR 15130, with the remaining 30% interest held by Palm Constellation S.A.R.L. (“Palm”). CTC and Palm operate PR 15130 under a joint venture agreement. CTC is the operator of the joint venture.

Under the agreement with CTC, the Company has agreed to fund, to the extent of up to CAD$250,000, on-going costs associated with the operation of the joint venture until closing. Such advances will be treated as a loan to the joint venture companies.

PR 15130 adjoins the north and eastern boundary of PR 13274. To the knowledge of the Company, no material exploration work has been carried out on the property.

The Company is now carrying out technical and legal due diligence on the Bisie North Tin Project, and anticipates executing a definitive agreement for each of the properties in the near future.

Closing of both transactions is subject to all requisite shareholder and securities regulatory body approvals and the satisfaction or waiver of conditions precedent typically present in transactions of this size and nature. The Company anticipates concurrent closings for the two transactions. Closing will result in the Company ceasing to be eligible for listing on NEX and the Company will apply for a listing on the TSX Venture Exchange.

The scientific and technical information contained in this news release has been reviewed and approved by Mr Stephen Alan Mawson. Mr Mawson is an Independent Contracting Geologist, with degrees in Geology from Rhodes University, South Africa (B.Sc. 1973) (M.Sc. 1983) and is a registered Professional Natural Scientist (Geological Science) with the South African Council for Natural Scientific Professions (SACNASP Reg. No. 400074/03) and a member of the Geological Society of South Africa. Mr Mawson is a qualified person (QP) under NI 43-101.

For further information, please contact:

Dr. Georg SchnuraPresident, CEO and Director Telephone: (604) 687-6140 Email: romeresourcesltd@gmail.com

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.

Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling short, can easily find investors. And in their study titled Who Falls Prey to the Wolf of Wall Street?’ Leuz et. al. found that it is ‘quite common’ for investors to lose money by buying into ‘pump and dump’ schemes.

If, on the other hand, you like companies that have revenue, and even earn profits, then you may well be interested in Alphamin Resources (CVE:AFM). While that doesn’t make the shares worth buying at any price, you can’t deny that successful capitalism requires profit, eventually. Conversely, a loss-making company is yet to prove itself with profit, and eventually the sweet milk of external capital may run sour.

See our latest analysis for Alphamin Resources

How Fast Is Alphamin Resources Growing Its Earnings Per Share?

In business, though not in life, profits are a key measure of success; and share prices tend to reflect earnings per share (EPS). So like the hint of a smile on a face that I love, growing EPS generally makes me look twice. It is therefore awe-striking that Alphamin Resources’s EPS went from US$0.002 to US$0.065 in just one year. Even though that growth rate is unlikely to be repeated, that looks like a breakout improvement. Could this be a sign that the business has reached an inflection point?

Careful consideration of revenue growth and earnings before interest and taxation (EBIT) margins can help inform a view on the sustainability of the recent profit growth. Alphamin Resources shareholders can take confidence from the fact that EBIT margins are up from 27% to 55%, and revenue is growing. That’s great to see, on both counts.

You can take a look at the company’s revenue and earnings growth trend, in the chart below. For finer detail, click on the image.

earnings-and-revenue-history

While profitability drives the upside, prudent investors always check the balance sheet, too.

Are Alphamin Resources Insiders Aligned With All Shareholders?

Like standing at the lookout, surveying the horizon at sunrise, insider buying, for some investors, sparks joy. Because oftentimes, the purchase of stock is a sign that the buyer views it as undervalued. However, small purchases are not always indicative of conviction, and insiders don’t always get it right.

Not only did Alphamin Resources insiders refrain from selling stock during the year, but they also spent US$144k buying it. That’s nice to see, because it suggests insiders are optimistic. Zooming in, we can see that the biggest insider purchase was by Independent Director Pieter Pretorius for CA$90k worth of shares, at about CA$0.65 per share.

I do like that insiders have been buying shares in Alphamin Resources, but there is more evidence of shareholder friendly management. Specifically, the CEO is paid quite reasonably for a company of this size. For companies with market capitalizations between US$400m and US$1.6b, like Alphamin Resources, the median CEO pay is around US$1.5m.

The Alphamin Resources CEO received US$882k in compensation for the year ending . That seems pretty reasonable, especially given its below the median for similar sized companies. While the level of CEO compensation isn’t a huge factor in my view of the company, modest remuneration is a positive, because it suggests that the board keeps shareholder interests in mind. I’d also argue reasonable pay levels attest to good decision making more generally.

Does Alphamin Resources Deserve A Spot On Your Watchlist?

Alphamin Resources’s earnings per share growth have been levitating higher, like a mountain goat scaling the Alps. Better yet, we can observe insider buying and the chief executive pay looks reasonable. It could be that Alphamin Resources is at an inflection point, given the EPS growth. If so, then it the potential for further gains probably merit a spot on your watchlist. We should say that we’ve discovered 3 warning signs for Alphamin Resources that you should be aware of before investing here.

The good news is that Alphamin Resources is not the only growth stock with insider buying. Here’s a list of them… with insider buying in the last three months!

Please note the insider transactions discussed in this article refer to reportable transactions in the relevant jurisdiction.

VANCOUVER, BC, April 26, 2022 /CNW/ – The following issues have been halted by IIROC:

Company: Alphamin Resources Corp.

TSX-Venture Symbol: AFM

All Issues: Yes

Reason: At the Request of the Company Pending News

Halt Time (ET): 9:25 AM

IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

SOURCE Investment Industry Regulatory Organization of Canada (IIROC) – Halts/Resumptions

Cision

View original content: http://www.newswire.ca/en/releases/archive/April2022/26/c1843.html

MAURITIUS, Jan. 11, 2022 (GLOBE NEWSWIRE) — Alphamin Resources Corp. (AFM:TSXV, APH:JSE AltX)( “Alphamin” or the “Company”), a producer of 4% of the world’s mined tin1 from its high grade operation in the Democratic Republic of Congo, is pleased to provide the following update for the quarter ended December 2021:

Contained tin production up 10% from the prior quarter to 3,114 tons
Contained tin sales up 13% from the prior quarter to 3,056 tons
Record Q4 EBITDA4 guidance of US$74m, up 38% from prior quarter actual
Net cash position increases to US$68m
FY2021 dividend of CAD$0.03 per share declared

Operational and Financial Summary for the Quarter ended December 20212

1Data obtained from International Tin Association Tin Industry Review Update 2021 2Production information is disclosed on a 100% basis. Alphamin indirectly owns 84.14% of its operating subsidiary to which the information relates. 3Q4 2021 EBITDA represents management’s guidance. 4This is not a standardized financial measure and may not be comparable to similar financial measures of other issuers.See “Use of Non-IFRS Financial Measures” below for the composition and calculation of this financial measure.

Operational and Financial Performance

Contained tin production of 3,114 tons is 10% above the previous quarter. Improved underground mining practices relating to stope planning, delineation and blasting resulted in better grade control with an average tin grade of 3,8% processed during the five months ended December 2021. Waste development is now well ahead of current mining areas providing flexibility in blending high- and low-grade areas for a more consistent grade profile.

Contained tin sales of 3,056 tons increased 13% from the prior quarter.

EBITDA guidance of US$74m for Q4 2021 is estimated to be 38% higher than the actual EBITDA for the previous quarter of US$53,7m as a result of increased tin production and sales volumes, together with a higher average tin price achieved of US$38,084/t (Current tin price: ~US$39,000/t).

The Group Net Cash position as at 31 December 2021 increased by US$67m from the prior quarter.

Contained tin production guidance for the financial year ending December 2022 is 12,000 tons.

The mineral resource estimation exercise for the Mpama South deposit commenced in December 2021. Drilling activities continue with six rigs on-site and the next large batch of external assay results is expected during January 2022.

Alphamin’s audited consolidated financial statements and accompanying Management’s Discussion and Analysis for the quarter and year ended 31 December 2021 are expected to be released on or about 7 March 2022.

FY2021 Dividend Declared

Alphamin’s vision is to become one of the world’s largest sustainable tin producers. From a capital allocation perspective, the Board considers the combination of significant exploration, investment in growth and a high dividend yield a robust value proposition. Dividend distributions will be considered based on excess free cash after taking account of working capital requirements, reserve contingencies and expansion opportunities.

On this basis, the Board resolved to declare a FY2021 CAD$0.03 per share cash dividend on the common shares (approximately US$30m in the aggregate) (“the Dividend”). The Dividend will be payable on 11 February, 2022 to shareholders of record as of the close of business on 4 February, 2022.

Qualified Person

FOR MORE INFORMATION, PLEASE CONTACT:

Maritz Smith CEO Alphamin Resources Corp. Tel: +230 269 4166E-mail: msmith@alphaminresources.com

CAUTION REGARDING FORWARD LOOKING STATEMENTS

Information in this news release that is not a statement of historical fact constitutes forward-looking information. Forward-looking statements contained herein include, without limitation, statements relating to expected EBITDA guidance for Q4 2021 and contained tin production guidance for the financial year ending December 31, 2022. Forward-looking statements are based on assumptions management believes to be reasonable at the time such statements are made. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Although Alphamin has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. Factors that may cause actual results to differ materially from expected results described in forward-looking statements include, but are not limited to: uncertainties regarding estimates of the expected mined tin grades, processing plant performance and recoveries, uncertainties regarding global supply and demand for tin and market and sales prices, uncertainties with respect to social, community and environmental impacts, uninterupted access to required infrastructure and third party service providers, adverse political events, uncertainties regarding the legislative requirements in the Democratic Republic of the Congo which may result in unexpected fines and penalties, impacts of the global Covid-19 pandemic on mining operations and commodity prices as well as those risk factors set out in the Company’s Management Discussion and Analysis and other disclosure documents available under the Company’s profile at www.sedar.com. Forward-looking statements contained herein are made as of the date of this news release and Alphamin disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.

USE OF NON-IFRS FINANCIAL PERFORMANCE MEASURES

This announcement refers to the following non-IFRS financial performance measures:

EBITDA

NET CASH

Net cash is defined as cash and cash equivalents less total current and non-current portions of interest-bearing debt and lease liabilities.

MAURITIUS, Dec. 23, 2021 (GLOBE NEWSWIRE) — Alphamin Resources Corp. (AFM:TSXV, APH:JSE AltX)( “Alphamin” or the “Company”), a producer of 4% of the world’s mined tin1 from its high grade operation in the Democratic Republic of Congo, is pleased to announce that its 84,14% owned operating subsidiary, Alphamin Bisie Mining SA (“ABM”), has completed a distribution to shareholders of US$35m. The Company has received approximately US$29.5m of this distribution.

In addition, as a result of recent exercises of share purchase warrants issued by the Company in April 2019 and which expire on April 8, 2022, the Company has now received aggregate proceeds of approximately CDN$20.2 million from the exercise of such warrants. The warrants are exercisable at a price of CDN$0.30 per share and if all remaining outstanding warrants are exercised prior to expiry, proceeds of an additional approximate CDN$2.8 million would be received.

The current consolidated Alphamin cash position is approximately US$83 million. The Company will assess the group cash position at financial year-end December 2021 with a view to balancing capital allocations between growth initiatives, ABM 2021 corporate taxes due April 2022 and a maiden Alphamin dividend.

__________________________________________________________________________________________

FOR MORE INFORMATION, PLEASE CONTACT:

Maritz Smith CEO Alphamin Resources Corp. Tel: +230 269 4166E-mail: msmith@alphaminresources.com

CAUTION REGARDING FORWARD LOOKING STATEMENTS

Information in this news release that is not a statement of historical fact constitutes forward-looking information. Forward-looking statements contained herein include, without limitation, statements relating to the expected future exercise of warrants and the receipt of cash proceeds therefrom and the potential for a maiden dividend. Forward-looking statements are based on assumptions management believes to be reasonable at the time such statements are made. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Although Alphamin has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. Factors that may cause actual results to differ materially from expected results described in forward-looking statements include, but are not limited to: uncertainties associated with Alphamin’s resource and reserve estimates, uncertainties regarding estimates of the expected mined tin grades, processing plant performance and recoveries, uncertainties regarding global supply and demand for tin and market and sales prices, uncertainties with respect to social, community and environmental impacts, uninterupted access to required infrastructure and third party service providers, adverse political events, impacts of the global Covid-19 pandemic on mining operations and commodity prices as well as those risk factors set out in the Company’s Management Discussion and Analysis and other disclosure documents available under the Company’s profile at www.sedar.com. Forward-looking statements contained herein are made as of the date of this news release and Alphamin disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.

1Data obtained from International Tin Association Tin Industry Review 2020

Alphamin Resources' (CVE:AFM) stock is up by a considerable 22% over the past three months. Given that the market rewards strong financials in the long-term, we wonder if that is the case in this instance. In this article, we decided to focus on Alphamin Resources' ROE.

Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors’ money. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders.

View our latest analysis for Alphamin Resources

How Is ROE Calculated?

Return on equity can be calculated by using the formula:

Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity

So, based on the above formula, the ROE for Alphamin Resources is:

15% = US$36m ÷ US$245m (Based on the trailing twelve months to September 2021).

The 'return' is the yearly profit. That means that for every CA$1 worth of shareholders' equity, the company generated CA$0.15 in profit.

What Is The Relationship Between ROE And Earnings Growth?

We have already established that ROE serves as an efficient profit-generating gauge for a company's future earnings. Depending on how much of these profits the company reinvests or "retains", and how effectively it does so, we are then able to assess a company’s earnings growth potential. Generally speaking, other things being equal, firms with a high return on equity and profit retention, have a higher growth rate than firms that don’t share these attributes.

A Side By Side comparison of Alphamin Resources' Earnings Growth And 15% ROE

To begin with, Alphamin Resources seems to have a respectable ROE. Further, the company's ROE is similar to the industry average of 15%. This certainly adds some context to Alphamin Resources' exceptional 57% net income growth seen over the past five years. We reckon that there could also be other factors at play here. Such as – high earnings retention or an efficient management in place.

We then compared Alphamin Resources' net income growth with the industry and we're pleased to see that the company's growth figure is higher when compared with the industry which has a growth rate of 29% in the same period.

past-earnings-growth

Earnings growth is an important metric to consider when valuing a stock. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. If you're wondering about Alphamin Resources''s valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry.

Is Alphamin Resources Using Its Retained Earnings Effectively?

Given that Alphamin Resources doesn't pay any dividend to its shareholders, we infer that the company has been reinvesting all of its profits to grow its business.

Conclusion

In total, we are pretty happy with Alphamin Resources' performance. Particularly, we like that the company is reinvesting heavily into its business, and at a high rate of return. Unsurprisingly, this has led to an impressive earnings growth. Having said that, looking at the current analyst estimates, we found that the company's earnings are expected to gain momentum. Are these analysts expectations based on the broad expectations for the industry, or on the company's fundamentals? Click here to be taken to our analyst's forecasts page for the company.

Like a puppy chasing its tail, some new investors often chase ‘the next big thing’, even if that means buying ‘story stocks’ without revenue, let alone profit. But as Peter Lynch said in One Up On Wall Street, ‘Long shots almost never pay off.’

In contrast to all that, I prefer to spend time on companies like Alphamin Resources (CVE:AFM), which has not only revenues, but also profits. Now, I’m not saying that the stock is necessarily undervalued today; but I can’t shake an appreciation for the profitability of the business itself. Loss-making companies are always racing against time to reach financial sustainability, but time is often a friend of the profitable company, especially if it is growing.

View our latest analysis for Alphamin Resources
How Fast Is Alphamin Resources Growing Its Earnings Per Share?

In a capitalist society capital chases profits, and that means share prices tend rise with earnings per share (EPS). So like the hint of a smile on a face that I love, growing EPS generally makes me look twice. You can imagine, then, that it almost knocked my socks off when I realized that Alphamin Resources grew its EPS from US$0.0059 to US$0.021, in one short year. When you see earnings grow that quickly, it often means good things ahead for the company. But the key is discerning whether something profound has changed, or if this is a just a one-off boost.

I like to see top-line growth as an indication that growth is sustainable, and I look for a high earnings before interest and taxation (EBIT) margin to point to a competitive moat (though some companies with low margins also have moats). Alphamin Resources shareholders can take confidence from the fact that EBIT margins are up from 12% to 41%, and revenue is growing. Ticking those two boxes is a good sign of growth, in my book.

You can take a look at the company’s revenue and earnings growth trend, in the chart below. To see the actual numbers, click on the chart.
“earnings-and-revenue-history”
earnings-and-revenue-history

While profitability drives the upside, prudent investors always check the balance sheet, too.
Are Alphamin Resources Insiders Aligned With All Shareholders?

As a general rule, I think it worth considering how much the CEO is paid, since unreasonably high rates could be considered against the interests of shareholders. For companies with market capitalizations between US$400m and US$1.6b, like Alphamin Resources, the median CEO pay is around US$1.1m.

The Alphamin Resources CEO received US$882k in compensation for the year ending . That seems pretty reasonable, especially given its below the median for similar sized companies. CEO compensation is hardly the most important aspect of a company to consider, but when its reasonable that does give me a little more confidence that leadership are looking out for shareholder interests. I’d also argue reasonable pay levels attest to good decision making more generally.
Should You Add Alphamin Resources To Your Watchlist?

Alphamin Resources’s earnings have taken off like any random crypto-currency did, back in 2017. With rocketing profits, its seems likely the business has a rosy future; and it may have hit an inflection point. Meanwhile, the very reasonable CEO pay reassures me a little, since it points to an absence profligacy. So Alphamin Resources looks like it could be a good quality growth stock, at first glance. That’s worth watching. Don’t forget that there may still be risks. For instance, we’ve identified 2 warning signs for Alphamin Resources that you should be aware of.

Although Alphamin Resources certainly looks good to me, I would like it more if insiders were buying up shares. If you like to see insider buying, too, then this free list of growing companies that insiders are buying, could be exactly what you’re looking for.

Please note the insider transactions discussed in this article refer to reportable transactions in the relevant jurisdiction.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the right price. For example, although software-as-a-service business Salesforce.com lost money for years while it grew recurring revenue, if you held shares since 2005, you'd have done very well indeed. Nonetheless, only a fool would ignore the risk that a loss making company burns through its cash too quickly.

Given this risk, we thought we'd take a look at whether Venture Minerals (ASX:VMS) shareholders should be worried about its cash burn. In this report, we will consider the company's annual negative free cash flow, henceforth referring to it as the 'cash burn'. We'll start by comparing its cash burn with its cash reserves in order to calculate its cash runway.

Check out our latest analysis for Venture Minerals

Does Venture Minerals Have A Long Cash Runway?

A company's cash runway is calculated by dividing its cash hoard by its cash burn. As at June 2021, Venture Minerals had cash of AU$9.5m and no debt. Looking at the last year, the company burnt through AU$11m. Therefore, from June 2021 it had roughly 10 months of cash runway. To be frank, this kind of short runway puts us on edge, as it indicates the company must reduce its cash burn significantly, or else raise cash imminently. Importantly, if we extrapolate recent cash burn trends, the cash runway would be noticeably longer. The image below shows how its cash balance has been changing over the last few years.

How Is Venture Minerals' Cash Burn Changing Over Time?

Whilst it's great to see that Venture Minerals has already begun generating revenue from operations, last year it only produced AU$6.2k, so we don't think it is generating significant revenue, at this point. Therefore, for the purposes of this analysis we'll focus on how the cash burn is tracking. The skyrocketing cash burn up 185% year on year certainly tests our nerves. It's fair to say that sort of rate of increase cannot be maintained for very long, without putting pressure on the balance sheet. Admittedly, we're a bit cautious of Venture Minerals due to its lack of significant operating revenues. We prefer most of the stocks on this list of stocks that analysts expect to grow.

Can Venture Minerals Raise More Cash Easily?

Since its cash burn is moving in the wrong direction, Venture Minerals shareholders may wish to think ahead to when the company may need to raise more cash. Issuing new shares, or taking on debt, are the most common ways for a listed company to raise more money for its business. Many companies end up issuing new shares to fund future growth. By looking at a company's cash burn relative to its market capitalisation, we gain insight on how much shareholders would be diluted if the company needed to raise enough cash to cover another year's cash burn.

Venture Minerals' cash burn of AU$11m is about 17% of its AU$66m market capitalisation. Given that situation, it's fair to say the company wouldn't have much trouble raising more cash for growth, but shareholders would be somewhat diluted.

Is Venture Minerals' Cash Burn A Worry?

On this analysis of Venture Minerals' cash burn, we think its cash burn relative to its market cap was reassuring, while its increasing cash burn has us a bit worried. Looking at the factors mentioned in this short report, we do think that its cash burn is a bit risky, and it does make us slightly nervous about the stock. Separately, we looked at different risks affecting the company and spotted 6 warning signs for Venture Minerals (of which 2 shouldn't be ignored!) you should know about.

Of course Venture Minerals may not be the best stock to buy. So you may wish to see this free collection of companies boasting high return on equity, or this list of stocks that insiders are buying.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

Mosaic (MOS) closed at $42.17 in the latest trading session, marking a -0.71% move from the prior day. This change lagged the S&P 500's daily gain of 0.3%.

Prior to today's trading, shares of the fertilizer maker had gained 28% over the past month. This has outpaced the Basic Materials sector's gain of 7.79% and the S&P 500's gain of 4.28% in that time.

MOS will be looking to display strength as it nears its next earnings release, which is expected to be November 1, 2021. The company is expected to report EPS of $1.63, up 608.7% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $3.83 billion, up 60.82% from the year-ago period.

For the full year, our Zacks Consensus Estimates are projecting earnings of $5.02 per share and revenue of $12.48 billion, which would represent changes of +490.59% and +43.77%, respectively, from the prior year.

Investors should also note any recent changes to analyst estimates for MOS. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 3.14% higher within the past month. MOS is currently a Zacks Rank #2 (Buy).

In terms of valuation, MOS is currently trading at a Forward P/E ratio of 8.47. This represents a discount compared to its industry's average Forward P/E of 14.81.

It is also worth noting that MOS currently has a PEG ratio of 1.21. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Fertilizers stocks are, on average, holding a PEG ratio of 1.53 based on yesterday's closing prices.

The Fertilizers industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 3, putting it in the top 2% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

The Mosaic Company (MOS) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

VANCOUVER, British Columbia, Oct. 19, 2021 (GLOBE NEWSWIRE) — Canasil Resources Inc. (TSX-V: CLZ, DB Frankfurt: 3CC, “Canasil” or the “Company”) announces a non-brokered private placement (the “Placement”) of up to 4,000,000 units (the Units”) at a price of $0.125 per Unit for total gross proceeds of up to $500,000 to fund drill programs on the Company’s silver-gold projects in Durango and Zacatecas States, Mexico. A finder’s fee may be paid with respect to all or part of this Placement. The terms of the Placement are subject to acceptance by the TSX Venture Exchange.

Each Unit will consist of one common share of the Company and one half of one non-transferable share purchase warrant. Each whole warrant (a “Warrant”) will be exercisable to purchase one additional common share of the Company at a price of $0.20 during the first year, increasing to $0.25 in year two following the closing of the offering.

The proceeds of the Placement will be used to fund continued drill programs on the Company’s silver-gold exploration projects in Durango and Zacatecas States, Mexico, and for working capital.

About Canasil:

Canasil is a Canadian mineral exploration company with a strong portfolio of 100% owned silver-gold-copper-lead-zinc exploration projects in Durango and Zacatecas States, Mexico, and in British Columbia, Canada. The Company’s directors and management include industry professionals with a track record of identifying and advancing successful mineral exploration projects through to discovery and further development. The Company is actively engaged in the exploration of its mineral properties, and maintains an operating subsidiary in Durango, Mexico, with full time geological and support staff for its operations in Mexico.

For further information please contact:

Bahman Yamini
President and C.E.O.
Canasil Resources Inc.
Tel: (604) 709-0109
www.canasil.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933 (the “1933 Act”) or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.

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Does Venture Minerals Have A Long Cash Runway?

How Is Venture Minerals' Cash Burn Changing Over Time?

Can Venture Minerals Raise More Cash Easily?

Is Venture Minerals' Cash Burn A Worry?

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