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De Grey Mining Ltd
(Sydney:DEG)
De Grey Mining Ltd (DEG) vs. S&P 500 (SPY)
De Grey Mining Ltd Business Overview & Revenue Model
De Grey Mining Ltd Financial Statement Overview
| Breakdown | ||||
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 23.58K | 26.70K | 31.83K | 35.75K | 11.89K | Gross Profit |
| 23.58K | 172.15K | 584.77K | 634.92K | 110.03K | EBIT |
| -28.33M | -21.70M | -11.10M | -5.60M | -4.29M | EBITDA |
| -14.60M | -16.56M | -8.73M | -4.51M | -3.62M | Net Income Common Stockholders |
| -17.22M | -19.01M | -10.54M | -5.25M | -3.98M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 867.17M | 112.71M | 63.49M | 70.95M | 28.15M | Total Assets |
| 1.31B | 445.60M | 311.61M | 227.35M | 79.77M | Total Debt |
| 8.12M | 1.68M | 1.90M | 2.22M | 515.68K | Net Debt |
| -678.52M | -111.02M | -61.60M | -68.73M | -27.64M | Total Liabilities |
| 38.66M | 29.55M | 23.47M | 51.71M | 4.53M | Stockholders Equity |
| 1.28B | 416.06M | 288.14M | 175.64M | 75.23M |
| Cash Flow | Free Cash Flow | |||
| -119.44M | -84.43M | -127.74M | -61.42M | -18.27M | Operating Cash Flow |
| -11.51M | -12.57M | -6.28M | -4.11M | -17.42M | Investing Cash Flow |
| -288.46M | -81.86M | -121.46M | -57.27M | -10.99M | Financing Cash Flow |
| 873.90M | 143.64M | 120.29M | 104.18M | 55.23M |
De Grey Mining Ltd Technical Analysis
De Grey Mining Ltd Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | $3.26B | 8.58 | 26.42% | 3.19% | 54.37% | 310.22% | |
78 Outperform | $28.52B | 23.29 | 11.01% | 2.57% | 25.11% | 28.88% | |
75 Outperform | $16.97B | 23.37 | 16.97% | 1.50% | 60.56% | 302.20% | |
74 Outperform | $3.51B | ― | -0.38% | ― | 29.83% | 93.23% | |
57 Neutral | $5.92B | ― | -0.68% | ― | -56.04% | 66.07% | |
49 Neutral | $1.96B | -1.23 | -21.20% | 3.72% | 0.95% | -28.96% |
De Grey Mining Ltd Corporate Events
De Grey Mining Ltd has successfully completed its acquisition by Northern Star Resources Ltd through a scheme of arrangement. As a result, De Grey shareholders have received new Northern Star shares, and the company has applied for delisting from the ASX. This move signifies a strategic consolidation in the mining sector, potentially enhancing Northern Star’s market position and offering benefits to De Grey shareholders through share exchange and potential tax relief.
Northern Star Resources Ltd has successfully completed the acquisition of De Grey Mining Ltd through a Court-approved Scheme of Arrangement. As part of the acquisition, De Grey shareholders have been issued 0.119 new Northern Star shares for each De Grey share held. The acquisition aligns with Northern Star’s strategy to enhance its asset portfolio, particularly with the integration of the Hemi gold project, expected to be a low-cost, long-life, and large-scale gold mine in Western Australia. The delisting of De Grey from the ASX is anticipated to occur on 6 May 2025.
UBS Group AG and its related bodies corporate have ceased to be substantial shareholders in De Grey Mining Ltd as of April 24, 2025. This change in shareholding could impact De Grey Mining’s market perception and investor relations, potentially influencing its stock performance and strategic decisions.
De Grey Mining Ltd has announced a change in its substantial holding status, with State Street Corporation and its subsidiaries ceasing to be substantial holders as of April 23, 2025. This change in substantial holding could impact De Grey Mining’s shareholder structure and influence, potentially affecting the company’s market dynamics and stakeholder relationships.
De Grey Mining Ltd has announced a change in the substantial holding of its shares by The Goldman Sachs Group, Inc. and its subsidiaries. The group’s voting power in De Grey Mining Ltd has increased from 5.1291% to 6.5083%, indicating a significant acquisition of additional shares. This change in ownership could impact the company’s market dynamics and influence its strategic decisions, reflecting Goldman Sachs’ growing interest and investment in De Grey Mining Ltd.
De Grey Mining Ltd, a company listed on the Australian Securities Exchange, will have its securities suspended from quotation following the approval of a scheme of arrangement by the Federal Court of Australia. This scheme involves Northern Star Resources Ltd acquiring all issued shares of De Grey Mining Ltd, marking a significant change in ownership and potentially impacting the company’s future operations and market positioning.
De Grey Mining Ltd has announced a change in the director’s interest, with Glenn Jardine acquiring 1,505,416 ordinary fully paid shares under the company’s Employee Incentives Securities Plan. This acquisition, approved by shareholders at previous annual general meetings, increases Jardine’s total holding to 2,252,572 shares, reflecting the company’s commitment to aligning management interests with shareholder value.
De Grey Mining Ltd has announced a change in the interests of its director, Paul Harvey, with the acquisition of 17,946 ordinary fully paid shares. These shares were issued as part of the Non-Executive Director Share Plan, which was approved at the 2024 Annual General Meeting. This change reflects the conversion of Non-Executive Director Share Rights into ordinary shares, representing director fees for specific periods. The impact of this announcement is primarily internal, affecting the director’s shareholding and potentially signaling confidence in the company’s ongoing projects.
De Grey Mining Ltd has announced a change in the interest of its director, Emma Scotney, who has converted 17,946 Non-Executive Director Share Rights into ordinary shares. This conversion is part of the company’s Non-Executive Director Share Plan, which was approved at the 2024 Annual General Meeting. The shares issued represent a portion of director fees for specific periods in 2024 and 2025. This move increases Scotney’s total holdings to 425,459 ordinary shares and 37,290 share rights, reflecting the company’s commitment to aligning director compensation with shareholder interests.
De Grey Mining Ltd has announced the quotation of 6,421,348 ordinary fully paid securities on the Australian Securities Exchange (ASX) as of April 23, 2025. This move is part of the company’s strategy to leverage convertible securities, potentially impacting its capital structure and enhancing its liquidity position, which could have significant implications for its stakeholders and market positioning.
De Grey Mining Ltd has announced the legal effectiveness of its acquisition by Northern Star Resources Ltd through a scheme of arrangement, following approval by the Federal Court of Australia. As part of this acquisition, De Grey shareholders will receive shares in Northern Star, and De Grey will be delisted from the ASX. This strategic move is expected to enhance Northern Star’s position in the mining sector, providing growth opportunities and benefits for stakeholders.
De Grey Mining Ltd has received approval from the Federal Court of Australia for the acquisition of all its shares by Northern Star Resources Ltd through a scheme of arrangement. This legal approval marks a significant step in the acquisition process, leading to the suspension of De Grey’s shares from trading on the ASX and its eventual delisting, with new Northern Star shares set to commence trading on 6 May 2025.
De Grey Mining Ltd has announced a change in the interests of a substantial holder, with State Street Corporation and its subsidiaries adjusting their voting power in the company. This change in voting power could influence the company’s strategic decisions and affect its market position, as substantial holders often have significant sway in corporate governance.
De Grey Mining Ltd has announced a change in the director’s interest, specifically regarding Paul Harvey’s securities. Paul Harvey has acquired 5,631 Non-Executive Director Share Rights, issued in lieu of director fees for the financial year 2025. This change reflects the company’s ongoing commitment to aligning director compensation with shareholder interests, as approved in the 2024 Annual General Meeting. The issuance of these share rights is part of the company’s broader strategy to incentivize its leadership and potentially enhance its operational focus and industry standing.
De Grey Mining Ltd has announced a change in the director’s interest notice, specifically for Director Emma Scotney. The change involves the issuance of 5,631 Non-Executive Director Share Rights in lieu of director fees for the first quarter of 2025, as part of the company’s Non-Executive Director Share Plan approved at the 2024 Annual General Meeting. This adjustment reflects a portion of her annual remuneration, valued at $12,500, and increases her total share rights to 17,946.
De Grey Mining Ltd announced the issuance of 11,262 unquoted share rights under an employee incentive scheme, which are subject to transfer restrictions until the restriction period ends. This move is part of the company’s strategy to incentivize employees, potentially impacting its operational dynamics and aligning employee interests with company growth, which could strengthen its industry positioning.
De Grey Mining Ltd announced that its shareholders have overwhelmingly approved a scheme of arrangement for the acquisition of the company by Northern Star Resources Ltd. With 99.64% of votes in favor, the scheme is now pending approval from the Federal Court of Australia, with key dates set for its implementation in late April and early May 2025. This acquisition marks a significant step in De Grey’s operational transition and could impact its market positioning and stakeholder interests.
De Grey Mining Limited, a company previously listed on the S&P/ASX 200 Index, is set to be removed following its acquisition by Northern Star Resources Limited. This change is contingent upon shareholder and final court approval. The removal will take effect before the market opens on April 24, 2025, and Generation Development Group Limited will take its place in the index. This shift marks a significant change in the composition of the S&P/ASX 200 Index, reflecting the ongoing consolidation trends within the mining sector.
De Grey Mining Ltd has announced a proposed acquisition by Northern Star Resources Ltd, where Northern Star will acquire 100% of De Grey’s shares through a Court-approved scheme of arrangement. The Scheme Meeting, held to vote on this proposal, is a significant step in the acquisition process, with the results to be communicated to the ASX. This acquisition could impact De Grey’s operations and market positioning, potentially benefiting stakeholders by aligning with Northern Star’s resources and strategic objectives.
UBS Group AG and its related bodies corporate have increased their voting power in De Grey Mining Ltd from 5.18% to 6.42%, indicating a significant change in their interest in the company. This increase in voting power may impact De Grey Mining’s operations and its market positioning, as it reflects a heightened interest from a substantial stakeholder, potentially influencing future strategic decisions.
De Grey Mining Ltd has reported a change in the interests of a substantial holder, with State Street Bank and Trust Company and its subsidiaries holding significant voting power in the company. This update reflects adjustments in the voting securities and the relevant interests of these entities, indicating a strategic positioning in De Grey Mining Ltd’s operations.
Goldman Sachs Group, Inc. has become a substantial shareholder in De Grey Mining Ltd, acquiring a 5.1291% voting power through its subsidiaries. This acquisition reflects a significant investment in the company, potentially impacting its market positioning and signaling confidence in De Grey’s future prospects within the gold mining industry.
De Grey Mining Ltd has announced significant progress in its proposed acquisition by Northern Star Resources Ltd, with key milestones achieved in the Scheme of Arrangement. The company has also reported strong financial positioning with $743 million in cash and short-term deposits, which, along with a planned senior debt facility, is expected to fully fund the Hemi Gold Project development if the acquisition does not proceed. The company is advancing its environmental approvals and has made notable progress in project development, including successful infill drilling results at the Brolga site, enhancing the potential for future underground mining and improving production metrics.
De Grey Mining Ltd reported its quarterly cash flow, revealing a net cash inflow from operating activities of $1.45 million for the current quarter. However, the company experienced significant cash outflows in investing activities, totaling $44.87 million, primarily due to expenditures on property, plant, equipment, and exploration. The financing activities showed a net cash inflow of $279.69 million, largely attributed to the reclassification of term deposits. This financial performance indicates a strategic focus on investment in infrastructure and exploration, which could impact the company’s future operational capabilities and market positioning.
De Grey Mining Ltd has announced the scheduling of a second court hearing as part of the process for its proposed acquisition by Northern Star Resources Ltd. The acquisition is structured as a court-approved scheme of arrangement, with a shareholder meeting set for April 16, 2025, to vote on the proposal. If approved, the court hearing will occur on April 22, 2025, where shareholders can voice their support or opposition. This acquisition could significantly impact De Grey’s operations and industry positioning, potentially enhancing its market presence and value for stakeholders.
De Grey Mining Ltd has announced a change in the director’s interest notice, specifically regarding Peter Hood. Mr. Hood has exercised share rights granted in lieu of director fees, resulting in the acquisition of 112,283 ordinary fully paid shares. This transaction reflects the company’s ongoing commitment to align director remuneration with shareholder interests, potentially impacting stakeholder perceptions positively.
De Grey Mining Ltd has announced the issuance of 112,283 fully paid ordinary securities, which will be quoted on the Australian Securities Exchange (ASX) under the code DEG. This move is part of the company’s strategy to leverage options being exercised or convertible securities being converted, potentially impacting its capital structure and market presence.
The Goldman Sachs Group, Inc. has become a substantial shareholder in De Grey Mining Ltd, acquiring a 5.2288% voting power through its subsidiaries. This development indicates a significant investment by a major financial institution, potentially impacting De Grey’s market positioning and signaling confidence in its operations and future prospects.
De Grey Mining Ltd has announced a significant change in its substantial holders, with State Street Corporation and its subsidiaries, including State Street Global Advisors and State Street Bank and Trust Company, now holding a significant voting power in the company. This development indicates a strategic move by these financial entities to consolidate their influence in De Grey Mining, potentially impacting the company’s governance and decision-making processes.
De Grey Mining Ltd has dispatched a Scheme Booklet to its shareholders regarding a proposed acquisition by Northern Star Resources Ltd. The acquisition will be conducted through a Court-approved scheme of arrangement, and shareholders are invited to vote on the proposal at a meeting scheduled for April 16, 2025. The company’s directors recommend voting in favor of the scheme, highlighting its potential benefits for shareholders.
De Grey Mining Ltd has announced a change in its substantial holders, as State Street Corporation and its subsidiaries have ceased to be substantial holders as of March 10, 2025. This change in substantial holding may impact the company’s shareholder structure and influence, potentially affecting its market strategies and investor relations.
De Grey Mining Ltd announced that its Scheme Booklet, related to the proposed acquisition by Northern Star Resources Ltd, has been registered with the Australian Securities and Investments Commission. The acquisition involves a court-approved scheme of arrangement, and shareholders are encouraged to vote on the proposal. The Independent Expert’s Report deems the scheme fair and reasonable, and the company’s directors recommend shareholders vote in favor of it. The Scheme Meeting is scheduled for April 16, 2025, and will be held both in person and online.
De Grey Mining Ltd has announced the Federal Court of Australia’s approval for a Scheme Meeting, where shareholders will vote on the proposed acquisition by Northern Star Resources Ltd. The Independent Expert’s Report deems the scheme fair and reasonable, recommending shareholders to vote in favor, with the Scheme Meeting scheduled for April 16, 2025.
De Grey Mining Ltd has announced a change in its substantial holders, with State Street Corporation and its subsidiaries ceasing to be substantial holders as of February 28, 2025. This change in the composition of substantial holders may impact the company’s voting securities and influence within the market, potentially affecting stakeholder interests.
De Grey Mining Ltd announced the cessation of certain securities, specifically the lapse of performance rights due to unmet conditions. This development may impact the company’s capital structure and could influence investor perceptions regarding the company’s operational goals and performance metrics.
De Grey Mining Ltd announced the quotation of 54,827 ordinary fully paid securities on the Australian Securities Exchange (ASX), following the exercise of options or conversion of other convertible securities. This move is part of the company’s ongoing efforts to enhance its market presence and operational capacity, potentially impacting its stakeholders by increasing liquidity and investment opportunities.
De Grey Mining Ltd has announced a significant change in its shareholder structure, with State Street Corporation and its subsidiaries becoming substantial holders. This development indicates a shift in the company’s ownership dynamics, potentially impacting its strategic decisions and market positioning. Stakeholders, including investors and market analysts, may need to reassess their perspectives on De Grey Mining’s future prospects and governance.
De Grey Mining Ltd has announced a change in its substantial holders, with State Street Corporation and its subsidiaries ceasing to be substantial holders as of February 26, 2025. This change in substantial holding may impact the company’s shareholder structure and influence voting securities, potentially affecting its strategic decisions and stakeholder interests.
De Grey Mining Limited has announced new exploration results from their Kite and Mustache prospects, located in the Greater Hemi and Withnell areas. These findings were presented at the RIU Explorers Conference, underscoring the company’s continued efforts to expand its resource base in key Australian regions. The results, verified by a Competent Person under the Australasian Code for Reporting of Exploration Results, suggest potential enhancements in resource estimation, which could positively influence De Grey’s operational strategies and market positioning.
De Grey Mining Ltd has announced a change in the interests of Non-Executive Director Paul Harvey, who has been issued 12,315 Non-Executive Director Share Rights as part of his remuneration for the financial year 2025. This issuance reflects the company’s strategy of compensating directors with share rights, aligning their interests with those of shareholders and potentially enhancing governance by linking director compensation to company performance.
De Grey Mining Ltd has announced a change in the director’s interest, specifically for Emma Scotney, who has been issued 12,315 Non-Executive Director Share Rights in lieu of a portion of her director fees for the financial year 2025. This issuance, under the company’s approved Non-Executive Director Share Plan, highlights the firm’s approach to compensation and aligns director interests with company performance, potentially affecting stakeholder perceptions positively.
De Grey Mining Ltd has announced the issuance of 24,630 unquoted equity securities under its employee incentive scheme. These securities, which are subject to transfer restrictions, reflect the company’s ongoing strategy to incentivize and retain key personnel, potentially impacting its operational efficiency and industry positioning positively.
De Grey Mining Ltd has released its half-year financial report for the period ending on December 31, 2024. The report provides a comprehensive overview of the company’s financial performance, including statements of profit or loss, financial position, changes in equity, and cash flows. This detailed financial disclosure offers stakeholders insights into the company’s current financial health and operational efficiency, potentially impacting its market position and investor confidence.
De Grey Mining Ltd has announced a change in substantial holdings, indicating that State Street Corporation and its subsidiaries have ceased to be substantial holders as of February 6, 2025. This change in holding could impact the company’s shareholder structure and influence, as well as indicate strategic shifts in investment positions by significant stakeholders.