Financial Performance - For the fiscal year ending March 31, 2025, Taung Gold International Limited reported a total revenue of HKD 2,534,000, an increase of 10.6% compared to HKD 2,291,000 for the previous year [3]. - The company experienced a pre-tax loss of HKD 25,018,000, which represents an increase in loss of 20.9% from HKD 20,752,000 in the prior year [3]. - Total comprehensive loss for the year was HKD 10,085,000, a significant decrease from HKD 153,216,000 in the previous year, indicating a recovery in overall financial performance [3]. - The basic loss per share for the year was HKD 0.12, compared to HKD 0.11 in the previous year, indicating a marginal increase in loss per share [5]. - For the fiscal year ending March 31, 2025, the company reported a loss attributable to shareholders of approximately HKD 22,232,000, or a basic loss per share of HKD 0.12, compared to a loss of HKD 19,174,000, or HKD 0.11 per share for the previous fiscal year [19]. Assets and Equity - Non-current assets decreased slightly to HKD 2,582,135,000 from HKD 2,564,448,000, reflecting a stable asset base [6]. - Current assets decreased to HKD 77,167,000 from HKD 113,840,000, indicating a reduction in liquidity [6]. - The company's total equity decreased to HKD 2,640,919,000 from HKD 2,651,004,000, showing a slight decline in shareholder value [7]. - As of March 31, 2025, the company's total assets were approximately HKD 2,659,302,000, with a capital debt ratio of zero, indicating no outstanding bank borrowings [22]. Foreign Exchange and Other Income - The company reported a foreign exchange gain of HKD 14,933,000 from the translation of overseas operations, a significant improvement from a loss of HKD 132,464,000 in the previous year [3]. - The group reported a net foreign exchange loss of HKD 456,000 for the year ending March 31, 2025, compared to a loss of HKD 885,000 in the previous year, indicating a decrease in losses of approximately 48% [13]. - Total other income for the year ending March 31, 2025, was HKD 2,534,000, up from HKD 2,291,000 in the previous year, representing an increase of approximately 11% [13]. Expenses and Costs - Administrative expenses decreased to HKD 24,274,000 from HKD 25,348,000, reflecting cost control measures [3]. - The group incurred employee costs of HKD 12,811,000 for the year ending March 31, 2025, compared to HKD 12,701,000 in the previous year, showing a slight increase of about 0.87% [13]. - The group’s capitalized mining assets for the year ending March 31, 2025, included additions of HKD 7,820,000, down from HKD 10,279,000 in the previous year, reflecting a decrease of about 24% [17]. Projects and Future Plans - The Jeanette project is estimated to have a total capital cost of USD 1,252 million and a cash operating cost of USD 521 per ounce, with a total of 6.4 million ounces of gold expected to be mined over a 22-year period [28]. - The Evander project has a mineral resource estimate of 19.64 million tons of ore containing 4.29 million ounces of gold, based on an average grade of 6.80 grams per ton [32]. - The financing phase for the Jeanette project is expected to be finalized by Q3 2025 to Q2 2026 [40]. - Construction of the Jeanette project is scheduled to commence in Q3 2026 and continue until the end of 2028 [40]. - The production phase for the Jeanette project is planned from 2029 to 2050 [40]. - The research phase for the Evander project is set to conclude by Q3 2026 [41]. - Financing arrangements for the Evander project are expected to be finalized in 2027 [41]. - Construction for the Evander project is anticipated to take place from 2028 to 2033 [41]. Corporate Governance - The company is committed to high standards of corporate governance and has adhered to all corporate governance codes as of March 31, 2025 [42]. - The company has adopted the standard code of conduct for securities trading by directors as per the listing rules, confirming compliance by all directors as of March 31, 2025 [43]. - The audit committee, consisting of three independent non-executive directors, has discussed the accounting principles and financial reporting matters with management [45]. - The company has established a remuneration committee, nomination committee, and technology safety and environment committee, each with clear responsibilities [46]. Shareholder Matters - The board of directors does not recommend the payment of any dividend for the fiscal year ending March 31, 2025 [20]. - There were no purchases, sales, or redemptions of shares or other listed securities by the company or its subsidiaries during the year [47]. - The company announced the resignation of its auditor, confirming no issues requiring shareholder attention, and appointed a new auditor to fill the vacancy [49]. - The new auditor will verify the consolidated financial statements for the year ending March 31, 2025, as approved by the board on June 30, 2025 [51].
坛金矿业(00621) - 2025 - 年度业绩