Cash Flow WeaknessNegative operating and free cash flows constrain the firm's ability to self-fund capex and mine development, making it reliant on external capital or JV partners. Over months this weak cash conversion can delay projects, increase dilution risk, and limit flexibility to absorb commodity downturns.
Declining Return On EquityA falling ROE signals the company is generating lower profits per unit of shareholder equity, which may reflect higher asset bases or weakening operational efficiency. Persistently declining ROE can erode shareholder value and indicate less effective capital allocation over time.
Earnings Volatility & EPS DeclineA near-100% drop in EPS growth alongside volatile net margins makes future profitability unpredictable. Such earnings instability hampers long-term planning, raises financing costs, and reduces confidence that revenue growth will translate into sustainable shareholder returns or reliable free cash flow.