Key figures

Consolidated income statement, MSEK

2021

2020

2019

2018

2017

Total income 5 13.1 5.8 105.3 122.6
Adjusted EBITDA (1) -118.2 -108 -48.8 5.9 -5.7
EBIT -255.2 -184.7 -52.5 -48.5 -64.8
Net income -261.1 -197 -76.7 -37.4 -69.3
Total comprehensive income -231.1 -259 -64.9 -12.4 -69.2

 

Consolidated statement of financial position, MSEK

2021

2020

2019

2018

2017 

Intangible assets 319.5 387.7 371.3 355.3 63.1
Tangible assets 202.3 175 195.7 155.7 62.2
Other investments 5.4 5.3 5.5 5.4 5.2
Current assets excl. cash and cash equivalents 26.5 5.8 1.4 5.5 14.3
Cash and cash equivalents 12.3 11.3 15.7 18.9 15.8
Total assets 565.8 584.9 589.6 500.9 160.6
Total equity 310 330.7 336 251.7 45.4
Provisions 13.3 13.2 13.1 9.4 8.1
Derivative instruments 8.8 0 0 0 0
Borrowings 6.6 14.4 7.2 35.3 83.6
Other liabilties 227.1 226.7 233.3 204.5 23.5

 

Consolidated cash flow statement, MSEK

2021

2020

2019

2018

2017

Cash flow from operations -108.7 -76.9 -78.9 -7.6 1
Cash flow from investments -50 -26.6 -80.3 -158.9 -12.3
Cash flow from financing 159.7 -103.5 -155.9 166.9 -2.4
Total cash flow for the period 0.9 -4.4 -3.3 0.4 -13.7

Key Figures

2021

2020

2019

2018

2017

Production
Milled ore (tonnes) 4 950 6 658 0 116 456 165 539
Head grade (Au gram/tonne) 2.9 3.5 0 3.3 2.9
Gold recovery (%) 84 71.5 0 82.6 83.4
Hourly utilization (%) 55.5 35.7 0 39.3 38.8
Gold production (kg) 14.3 16.7 0 331.3 398.1
Gold production (oz) 460.3 538.1 0 10 651 12 799
Cost per milled ore ton (EUR) (2) -2 0 0 0 66
Cost per milled ore ton (SEK) (2) -2 0 0 0 677
Cash Cost (USD/oz) (3) -3 0 0 0 981
Financial
Revenue growth rate -62 % 126 % -94 % -14 % 21 %
EBITDA margin (4) -4 -2364 % -596 % -841 % 6 %
Operating margin (EBIT margin) (5) -5 -5102 % -1410 % -905 % -46 %
Net margin (6) -6 -5222 % -1504 % -1322 % -36 %
Equity ratio (7) -7 55 % 57 % 57 % 50 %
Net interest-bearing debt (8) -8 171.8 195.3 199.6 185.3
Net gearing (9) -9 49 % 59 % 59 % 74 %
Return on equity (10) -10 -82 % -59 % -26 % -25 %
Average number of employees 53 46 34 38 42

 

Per share figures, SEK

2021

2020

2019

2018

2017

Earnings per share -1.26 -1.67 -1.28 -1.1 -6.6
Equity per share (11) -11 1.37 2.52 4.2 7.37
Weighted average number of shares (thousands) (12) -12 207 698 117 811 59 705 34 122
Number of shares at the end of period (thousands) (13) -13 225 794 131 305 79 957 35 147
Share price at the end of period (14) -14 2.66 2.79 5.6 6
Market capitalization at the end of period (MSEK) 600.6 366.3 451 212.4 173

 

Definitions of the key figures

Endomines provides measures prepared in accordance with IFRS as well as some non-IFRS performance measures (referred to 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.

 

Adjusted EBITDA (1) Earnings before depreciation, impairments, unrealized profit/loss on derivative instruments and other reported adjustment items
Cost per milled ton of ore (2) 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) (3) 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 cost while depreciations, capital and exploration costs are excluded.  “Cash Cost” figure is furnished to provide additional information and is a non-IFRS measure. Translation from EUR to USD is done at average rate.
EBITDA margin (4) Adjusted EBITDA as per cent of total revenues
Operating margin (5) EBIT as per cent of total revenues
Net margin (6) Net income as per cent of total revenues
Equity ratio (7) Equity as per cent of total assets
Net interest-bearing debt (8) Total borrowings less cash and cash equivalents
Gearing (9) Net debt divided by equity
Return on equity (10) Earnings after tax divided by average equity (opening and closing equity for the period)
Weighted average number of shares (thousands) (12) Adjusted for share issues as the case may be
Number of shares at the end of period (thousands) (13) Adjusted for share issues as the case may be
Share price at the end of period (SEK) (14) Adjusted for share issues as the case may be