Financial Performance - For the six months ended September 30, 2023, the company reported a loss before tax of HKD 9,904,000, compared to a loss of HKD 7,942,000 for the same period in 2022, representing a 24.5% increase in losses[3] - The net loss attributable to the owners of the company was HKD 8,876,000 for the period, compared to HKD 4,379,000 in 2022, indicating a 102.3% increase in losses[4] - The total comprehensive loss for the period was HKD 181,751,000, a decrease from HKD 622,699,000 in the same period last year, showing a reduction of 70.8%[4] - The basic and diluted loss per share for the period was HKD 0.05, compared to HKD 0.02 in the previous year, indicating an increase in loss per share of 150%[4] - The company reported cumulative losses of HKD (11,302) thousand for the period, reflecting ongoing operational challenges[12] - The company reported a basic loss attributable to owners of approximately HKD 8,876,000 for the six months ended September 30, 2023, compared to a loss of HKD 4,379,000 for the same period in 2022, representing an increase in loss of 102%[39] Income and Expenses - Total other income increased to HKD 1,593,000 in 2023 from HKD 800,000 in 2022, marking a significant growth of 99.1%[4] - The company's administrative and operating expenses rose to HKD 11,153,000, up from HKD 8,365,000 in the previous year, reflecting a 33.5% increase[4] - The company recorded total other income of HKD 1,593,000 for the six months ended September 30, 2023, compared to HKD 800,000 for the same period in 2022, representing a 99% increase[26] - The company reported total expenses of HKD 6,041,000 for the six months ended September 30, 2023, which includes unallocated corporate expenses[21] Cash Flow and Assets - The company's cash and cash equivalents decreased to HKD 121,385,000 from HKD 136,708,000, representing a decline of 11.2%[7] - As of September 30, 2023, the company's total assets less current liabilities stood at HKD 2,635,854,000, down from HKD 2,817,366,000 as of March 31, 2023, a decline of 6.5%[8] - Non-current assets totaled HKD 2,517,110,000 as of September 30, 2023, compared to HKD 2,683,639,000 at the end of the previous fiscal year, a decrease of 6.2%[7] - The company's equity attributable to owners decreased to HKD 2,105,806,000 from HKD 2,248,520,000, reflecting a decline of 6.3%[8] - The total cash and cash equivalents at the end of the period decreased to HKD 121,385 thousand from HKD 150,303 thousand in 2022[12] - The net decrease in cash and cash equivalents for the period was HKD (12,009) thousand, compared to HKD (21,795) thousand in the prior year[12] Project Developments - The Jeanette project has an estimated initial capital cost of USD 771 million, with a total capital cost of USD 1,252 million over its lifespan[48] - The Jeanette project is projected to produce 6.4 million ounces of gold over its lifespan, with a cash operating cost of USD 521 per ounce[48] - The Evander project has an estimated mineral resource of 19.64 million tons containing 4.29 million ounces of gold, with an average grade of 6.80 grams per ton[49] - The Evander project has an estimated initial capital cost of $875 million and a total capital cost of $1,126 million over a 20-year mine life, with cash operating costs of $704 per ounce[51] - The total gold mined during the project life is projected to be 4.1 million ounces, resulting in a total cost of $991 per ounce[51] - The Jeanette project financing phase is expected to be finalized between Q3 2024 and Q2 2025, with construction planned from Q3 2025 to the end of 2027[59] - The Evander project research phase is scheduled for Q3 2025 to Q4 2025, with financing arrangements to be finalized in 2026[60] Corporate Governance - The company has complied with the corporate governance code as of September 30, 2023[70] - The audit committee consists of three independent non-executive directors who reviewed the unaudited consolidated financial statements for the six months ending September 30, 2023[73] - The company has established written guidelines for employees regarding securities trading, which are as stringent as the standard code[71] - There are no known violations of the written guidelines by employees[71] Shareholder Information - The company did not declare an interim dividend for the six months ended September 30, 2023, consistent with the previous year[32] - The board of directors did not recommend the payment of an interim dividend for the six months ended September 30, 2023, consistent with the previous year[40] - As of September 30, 2023, Goldborn Holdings Limited holds 2,001,362,075 shares, representing 11.03% of the total equity[68] - Mandra Materials Limited owns 777,434,722 shares, accounting for 4.28% of the total equity[68] - Mandra Esop Limited has 16,238,369 shares, which is 0.09% of the total equity[68] - Woo Foong Hong Limited possesses 276,530,727 shares, making up 1.52% of the total equity[68] - There are no short positions recorded in the company's shares or related shares as of September 30, 2023[69] Operational Status - The company has not conducted any mining or production activities during the reporting period, focusing instead on project planning and community engagement[43] - The company has a total of 24 employees as of September 30, 2023, consistent with the previous reporting period[62] - The company has not granted or exercised any options under the 2020 share option plan as of September 30, 2023[63] - The company did not purchase, sell, or redeem any of its shares or other listed securities during the reporting period[73]
坛金矿业(00621) - 2025 - 中期财报