Financial information
Five-year review
| Key figures | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|
| Production | |||||
| Milled ore (tonnes) | 132 806 | 4 950 | 6 658 | 0 | 116 456 |
| Head grade (g/t) | 2,4 | 2,9 | 3,5 | 0 | 3,3 |
| Gold recovery (%) | 83,0 | 84,0 | 71,5 | 0 | 82,6 |
| Hourly utilisation (%) | 43,0 | 55,5 | 35,7 | 0 | 39,3 |
| Gold production (kg) | 264,2 | 14,3 | 16,7 | 0 | 331,3 |
| Gold production (oz) | 8 496 | 460,3 | 538,1 | 0 | 10 651 |
| Financial figures | |||||
| Revenue growth rate | 100 % | -100 % | 126 % | -94 % | -14 % |
| EBITDA margin | -47 % | 0 % | -596 % | -841 % | 6 % |
| Operating margin-% | -109 % | 0 % | -1 410 % | -905 % | -46 % |
| Net margin | -130 % | 0 % | -1 504 % | -1 322 % | -36 % |
| Equity ratio | 66 % | 55 % | 57 % | 57 % | 50 % |
| Gearing | 19 % | 55% | 59 % | 59 % | 74 % |
| Return on equity-% | -53 % | -82 % | -59 % | -26 % | -25 % |
| Average number of employees | 42 | 53 | 46 | 34 | 38 |
Calculation formulas
EBITDA = Operating income + depreciation and amortization
Cost per milled ton of ore = Production cost, excluding depreciation, other capital costs etc. divided by ore tons processed. Conversion from EUR to SEK is done by average rate.
Cash Cost (USD/oz) = Cash cost per ounce is calculated based on the guidance issued by The Gold Institute Production Cost Standard. Mining, ore processing and site administration and off-site smelting and refining costs are included in cash costs while depreciation, capital and exploration costs are excluded. The “Cash Cost” figure is furnished to provide additional information and is a non-IFRS measure. Translation from EUR to USD is done at the average rate.
EBITDA Margin = Adjusted EBITDA as per cent of total revenues.
Operating margin = EBIT as per cent of total revenues.
Net margin = Net income as per cent of total revenues.
Equity ratio = equity/total assets.
Net interest-bearing debt = Total borrowings less cash and cash equivalents.
Net gearing = (total debt – cash and cash equivalent) / equity
Return on equity = Earnings after tax divided by average equity (opening and closing equity for the period)
Endomines provides measures prepared in accordance with IFRS as well as some non-IFRS performance measures (referred to below also as “alternative performance measures”). Non-IFRS measures have limitations as analytical tools and they should be not used as sole or substitute measures to analyze companies. The alternative performance measures are provided to help investors better assess the Company’s operating result and anticipated results as well as to facilitate comparisons between results for different periods. The management uses alternative performance measures to, among others, evaluate ongoing operation against past results, for internal planning and for forecasts.