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Cadence Minerals
(LSE:KDNC)
Cadence Minerals (KDNC) vs. iShares MSCI United Kingdom ETF (EWC)
Cadence Minerals Business Overview & Revenue Model
Cadence Minerals Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | -1.22M | -1.02M | -3.10M | -4.59M | 577.00K | 54.00K |
| Gross Profit | -1.22M | -1.02M | -3.10M | -4.59M | 577.00K | 54.00K |
| EBITDA | 0.00 | 0.00 | -3.32M | -5.49M | -141.00K | 8.12M |
| Net Income | -1.63M | -3.33M | -3.02M | -5.50M | -144.00K | 7.82M |
Balance Sheet | ||||||
| Total Assets | 17.66M | 18.45M | 19.97M | 21.64M | 23.01M | 22.61M |
| Cash, Cash Equivalents and Short-Term Investments | 168.00K | 1.13M | 4.38M | 6.32M | 12.30M | 14.36M |
| Total Debt | 578.00K | 755.00K | 1.24M | 0.00 | 0.00 | 210.00K |
| Total Liabilities | 1.23M | 1.24M | 1.52M | 317.00K | 853.00K | 514.00K |
| Stockholders Equity | 16.43M | 17.21M | 18.45M | 21.32M | 22.15M | 22.09M |
Cash Flow | ||||||
| Free Cash Flow | -764.00K | -820.00K | -1.31M | -1.96M | -754.00K | -1.65M |
| Operating Cash Flow | -764.00K | -820.00K | -1.31M | -1.96M | -754.00K | -1.65M |
| Investing Cash Flow | -923.00K | -198.00K | 62.00K | -2.91M | 182.00K | 1.36M |
| Financing Cash Flow | 1.62M | 1.45M | 1.40M | 4.64M | -168.00K | 412.00K |
Cadence Minerals Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
58 Neutral | £16.76M | ― | ― | ― | ― | ― | |
54 Neutral | £33.90M | -12.45 | -7.78% | ― | ― | -19.57% | |
50 Neutral | £70.98M | -7.00 | -21.41% | ― | ― | -133.33% | |
50 Neutral | £19.79M | -1.49 | -35.54% | ― | ― | ― | |
48 Neutral | £77.68M | -22.60 | -17.14% | ― | ― | 54.72% | |
47 Neutral | £15.55M | -7.86 | -9.95% | ― | ― | ― |
Cadence Minerals Corporate Events
Cadence Minerals has announced that CEO Kiran Morzaria will host a live investor presentation on 15 January 2026 via the Investor Meet Company platform, focusing on the Amapá Iron Ore Project and its path to cash flow and development. The event is open to existing and prospective shareholders, who can register online and submit questions in advance or during the session, underscoring the company’s efforts to engage the market and provide greater transparency around the progress and strategic direction of its flagship iron ore asset.
The most recent analyst rating on (GB:KDNC) stock is a Hold with a £3.50 price target. To see the full list of analyst forecasts on Cadence Minerals stock, see the GB:KDNC Stock Forecast page.
Cadence Minerals has released a video interview with CEO Kiran Morzaria in which he discusses the recently granted Preliminary Licence for the Amapá Iron Ore Project in Brazil and provides an update on licensing progress, including at the Azteca plant. Although presented as a non-regulatory announcement, the update sheds light on the company’s progress in advancing key iron ore operations in Brazil, an important step in de-risking project development and reinforcing Cadence’s strategic positioning in the iron ore segment.
The most recent analyst rating on (GB:KDNC) stock is a Hold with a £3.50 price target. To see the full list of analyst forecasts on Cadence Minerals stock, see the GB:KDNC Stock Forecast page.
Cadence Minerals has secured a Preliminary Environmental Licence (Licença Prévia) from the Amapá state environmental authority for the Amapá iron ore mine in Brazil, confirming environmental feasibility for the project at its full planned capacity of 5.5 million tonnes per annum of direct reduction grade iron ore concentrate. The licence covers the entire mine development plan, including open-pit operations, processing, waste handling and tailings infrastructure, and provides the regulatory foundation to recommission the Azteca processing plant as the initial production facility using existing tailings, with ore to be trucked and shipped via a public port ahead of rail and private port approvals. This milestone marks a significant de-risking of the project by establishing a clear pathway toward the next permitting stage—the Installation Licence, which will authorise construction and refurbishment—while ongoing technical studies, water and effluent permits, and parallel rail and port licensing work continue to advance. With approximately US$15.5 million invested and a 35.7% equity position in Amapá, the approval strengthens Cadence’s strategic position in high-grade iron ore and supports its staged redevelopment plan aimed at generating early cash flow and advancing the broader integrated operation.
The most recent analyst rating on (GB:KDNC) stock is a Hold with a £3.50 price target. To see the full list of analyst forecasts on Cadence Minerals stock, see the GB:KDNC Stock Forecast page.
Cadence Minerals has announced a significant development in its Amapá Iron Ore Project with the resolution of long-standing municipal legacy issues through a court-ratified settlement with the Municipality of Pedra Branca do Amapari. This settlement removes historical administrative constraints, lifts ore transport restrictions, and provides a clearer regulatory pathway, enhancing the project’s operational environment. The company continues to advance its staged redevelopment strategy, focusing on risk management and long-term value creation, with recent technical engagements and funding arrangements supporting the project’s progression.
Cadence Minerals Plc, in collaboration with its joint venture partner DEV, is hosting a technical visit to the Amapá Iron Ore Project by the President of the Economic Development Agency of Amapá, Brazil. This visit aims to outline the development pathway for the 5.5 Mtpa integrated DR-grade iron ore operation, including necessary upgrades to rail and port infrastructure. Additionally, Cadence has advanced technical workstreams for the environmental licensing of the Azteca plant, marking the first stage of the Amapá redevelopment strategy. This facility is expected to enable early production and generate cash flow to fund further studies and capital projects, signaling a significant step in the project’s progression.
Cadence Minerals, in collaboration with joint venture partners, has executed a binding Prepayment Offtake Agreement for the Amapá Iron Ore Project. This agreement secures a US$4.6 million prepayment facility to restart the Azteca Plant, enhancing Cadence’s equity position and accelerating the project’s development. The funding will support the licensing, refurbishment, and commissioning of the plant, with the expectation of generating early cash flow and reducing funding risks. This strategic move is anticipated to strengthen Cadence’s operational foundation and long-term growth prospects in the iron ore market.
Cadence Minerals has announced an update on the Offtake Financing process for the Azteca plant. The company reported that non-systematic grab samples from the plant’s tailings showed iron content consistent with expectations, confirming the assumptions used in negotiations. The offtaker is satisfied with the results, and the financing process is progressing as planned, with no further sampling required. This development supports Cadence’s strategic objectives and strengthens its position in the mineral market.