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West Wits Mining Limited
(Sydney:WWI)
West Wits Mining Limited (WWI) vs. S&P 500 (SPY)
West Wits Mining Limited Business Overview & Revenue Model
West Wits Mining Limited Financial Statement Overview
| Breakdown | ||||
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 28.00K | 66.00K | 67.00K | 78.00K | 142.00K | Gross Profit |
| -110.00K | -50.00K | -33.00K | 74.00K | -790.00K | EBIT |
| -1.69M | -3.15M | -3.91M | -1.41M | -1.68M | EBITDA |
| -1.68M | -2.95M | -5.53M | -1.33M | 8.06M | Net Income Common Stockholders |
| -1.68M | -2.75M | -5.28M | -341.00K | -1.67M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 1.41M | 1.37M | 2.33M | 973.00K | 1.20M | Total Assets |
| 28.23M | 25.93M | 27.28M | 15.49M | 12.09M | Total Debt |
| 68.00K | 150.00K | 1.00M | 129.00K | 1.92M | Net Debt |
| -1.34M | -1.22M | -1.33M | -844.00K | 714.00K | Total Liabilities |
| 3.10M | 3.14M | 5.01M | 2.57M | 4.95M | Stockholders Equity |
| 32.53M | 30.17M | 28.76M | 18.85M | 13.08M |
| Cash Flow | Free Cash Flow | |||
| -2.92M | -4.92M | -13.30M | -4.72M | -1.73M | Operating Cash Flow |
| -1.53M | -2.68M | -3.00M | -2.01M | -1.43M | Investing Cash Flow |
| -1.40M | -2.24M | -10.30M | -2.71M | -300.00K | Financing Cash Flow |
| 2.90M | 4.44M | 14.67M | 4.54M | 2.72M |
West Wits Mining Limited Technical Analysis
West Wits Mining Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | AU$26.49B | 22.43 | 11.01% | 2.69% | 25.11% | 28.88% | |
76 Outperform | $3.52B | 24.58 | 13.42% | 0.66% | 11.93% | 22.74% | |
75 Outperform | $15.66B | 22.65 | 16.97% | 1.55% | 60.56% | 302.20% | |
51 Neutral | $1.23B | 41.67 | -5.02% | ― | 27.79% | -144.05% | |
50 Neutral | $1.98B | -1.08 | -21.29% | 3.61% | 1.96% | -30.59% | |
45 Neutral | AU$55.13M | ― | -7.39% | ― | ― | -28.57% |
West Wits Mining Limited Corporate Events
West Wits Mining Limited announced the cessation of 5,000,000 securities due to the expiry of options or other convertible securities without exercise or conversion. This development may impact the company’s capital structure and could influence investor perceptions regarding the company’s financial strategies and market positioning.
West Wits Mining Limited has secured a senior debt facility of up to ZAR 902.5 million (~USD 50 million) from the Industrial Development Corporation of South Africa and Absa Bank Limited for its Qala Shallows Gold Project. This funding, covering 55% of the project costs, marks a significant step towards production, with the first gold pour targeted for Q4 2025. In light of gold prices exceeding USD 3,000/oz, the company is conducting a strategic review to optimize its mining plans and potentially unlock additional value from the Witwatersrand Basin Project.
West Wits Mining Limited is undertaking a strategic review of its Witwatersrand Basin Project in response to the recent rise in gold prices, which now exceed US$3,000 per ounce. This review aims to reassess project assumptions and potentially unlock previously excluded mining zones, enhancing the project’s economic viability. The review will focus on optimizing the Qala Shallows Mine Plan and exploring opportunities in the Main Reef and Bird Reef areas, with the potential to increase ore reserves and accelerate production. This initiative is expected to set the company’s strategic direction for the next 3 to 5 years, maximizing the value of its mining assets.
West Wits Mining Limited has released its interim report for the period ending 31 December 2024. The report includes a comprehensive review of the company’s operations, financial performance, and position. This release is crucial for stakeholders as it provides insights into the company’s current financial health and operational strategies, which could influence future investment decisions.
West Wits Mining Limited has announced a change in the director’s interest, with Michael Quinert acquiring additional shares through on-market trades. This change reflects an increase in indirect holdings, indicating a potential boost in confidence or strategic positioning within the company. The acquisition of shares could have implications for the company’s market perception and stakeholder interests, as it may suggest a positive outlook on the company’s future performance.
West Wits Mining Limited announced the issuance of 44,230,759 fully paid ordinary shares following the conversion of 23 convertible notes. This strategic move was conducted without the need for investor disclosure under Part 6D.2 of the Corporations Act 2001, ensuring compliance with relevant legal provisions, and potentially enhancing the company’s financial flexibility.
West Wits Mining Limited has announced the quotation of 44,230,759 fully paid ordinary securities on the Australian Securities Exchange (ASX). This development results from the exercise of options or conversion of other convertible securities, signaling potential growth and capital raising efforts, which may strengthen the company’s operational capabilities and market presence.
West Wits Mining Limited announced it has issued 5,905,510 fully paid ordinary shares following the conversion of convertible notes. This move, carried out without the need for additional investor disclosure, underscores the company’s compliance with corporate regulations and has been formally approved by the Chairman, indicating a significant step in its financial strategy.
West Wits Mining Limited has announced the quotation of 5,905,510 new fully paid ordinary securities on the ASX as of February 20, 2025. This move likely indicates an effort to raise capital or restructure the company’s equity, potentially impacting its market positioning and offering new opportunities for stakeholders.
West Wits Mining Limited has secured credit approval for a ZAR 902.5 million loan facility, approximately USD 50 million, to advance its Qala Shallows Gold Project in South Africa. This development, part of the Witwatersrand Basin Project, is supported by the Industrial Development Corporation of South Africa and Absa Bank Limited, which will fund 55% of the project, with the remainder covered by equity and early revenues. The project is expected to bolster local economic development and potentially create over 1,000 direct jobs, with final legal documentation and financial close anticipated soon.