Negative Cash FlowsPersistent negative operating and free cash flows weaken the firm's ability to self-fund mining development and sustain operations. Over months this increases reliance on external financing or dilutive capital raises, which can delay projects and strain execution of long-term plans.
Declining Return On EquityA falling ROE suggests the company is generating less profit per dollar of shareholder equity, indicating reduced capital efficiency. If persistent, this undermines long-term shareholder returns and signals potential issues in project selection, cost control, or price realization.
Profitability Volatility / EPS DeclineLarge swings in net margin and a steep EPS decline point to volatile profitability driven by non-recurring items, cost variability, or pricing exposure. Structural volatility complicates forecasting, capital allocation and investor confidence in sustained earnings power over the medium term.