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Metals Exploration
(LSE:MTL)
Metals Exploration (MTL) vs. iShares MSCI United Kingdom ETF (EWC)
Metals Exploration Business Overview & Revenue Model
Metals Exploration Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 168.96M | 191.15M | 166.68M | 124.41M | 129.84M | 122.10M |
| Gross Profit | 17.74M | 62.52M | 37.26M | 32.74M | 37.87M | 38.84M |
| EBITDA | 184.39M | 90.25M | 181.78M | 44.60M | 45.71M | 43.45M |
| Net Income | 141.54M | 25.59M | 119.25M | 8.75M | 11.29M | 9.41M |
Balance Sheet | ||||||
| Total Assets | 213.22M | 174.29M | 181.48M | 120.61M | 129.65M | 144.24M |
| Cash, Cash Equivalents and Short-Term Investments | 6.58M | 4.05M | 340.00K | 861.07K | 4.74M | 8.93M |
| Total Debt | 0.00 | 6.89M | 23.90M | 81.98M | 102.69M | 127.41M |
| Total Liabilities | 21.54M | 40.74M | 47.55M | 102.84M | 120.12M | 145.35M |
| Stockholders Equity | 191.68M | 133.15M | 133.93M | 17.76M | 9.52M | -1.11M |
Cash Flow | ||||||
| Free Cash Flow | 63.45M | 79.42M | 64.31M | 29.96M | 34.59M | 15.32M |
| Operating Cash Flow | 71.40M | 85.47M | 74.56M | 38.19M | 46.52M | 28.13M |
| Investing Cash Flow | ― | -8.90M | -10.25M | -8.23M | -11.87M | -12.56M |
| Financing Cash Flow | -56.69M | -45.69M | -64.80M | -33.82M | -39.67M | -11.33M |
Metals Exploration Technical Analysis
Metals Exploration Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | £168.92M | 8.20 | 34.04% | ― | 45.63% | 126.68% | |
79 Outperform | £152.98M | 5.93 | 30.73% | ― | 42.36% | 270.33% | |
77 Outperform | £409.64M | 19.18 | 19.64% | ― | 11.45% | -83.99% | |
56 Neutral | £2.53B | 6.23 | -0.23% | 47.30% | 10.04% | 4.58% |
Metals Exploration Corporate Events
Metals Exploration PLC has successfully negotiated an agreement with artisanal miners at the La India project in Nicaragua, ensuring the removal of miners from the proposed open-pit area. The company is collaborating with the Nicaraguan government to create a sustainable mining framework that allows both small and large-scale mining to coexist, aiming to benefit local communities and minimize environmental impact.
Metals Exploration PLC has been granted an exploration license for the Dupax project in Northern Luzon, Philippines, where it has initiated a geophysical survey and plans a 2,500-meter drilling program. This development could potentially extend the life of the company’s Runruno processing operations by utilizing the existing infrastructure to process ore from Dupax, enhancing the project’s value and operational capacity.
Metals Exploration PLC has been granted an exploration license for the Dupax project area in Northern Luzon, Philippines, where it has commenced an Induced Polarisation (IP) ground geophysics survey and plans a 2,500-meter drilling program. The Dupax project, located near the company’s existing Runruno ore processing facility, shows promising mineralization with historical high-grade gold and copper samples. The exploration aims to discover an economic resource that could extend the operational life of the Runruno processing plant, enhancing the value of both the Dupax project and the existing infrastructure.
Metals Exploration PLC has announced the early shipment of the Rock Creek gold processing plant to Nicaragua, marking a significant step in the development of its La India project. The plant, acquired for $9.7 million, is expected to enhance the company’s processing capacity and is scheduled for reassembly in October 2025, with first gold production anticipated in Q4 2026. This strategic move underscores the company’s commitment to efficient project execution and risk management, aiming to deliver near-term value to stakeholders.
Metals Exploration PLC has appointed Panmure Liberum Limited as its Joint Corporate Broker, a move that aligns with the company’s strategic goals of enhancing its capital markets presence and increasing investor engagement. This appointment is seen as a reflection of the company’s growing market capitalisation and the rising interest from both institutional and retail investors, positioning Metals Exploration for its next phase of growth.
Metals Exploration PLC has announced the exercise of warrants and options, resulting in the issuance of 8,108,835 new ordinary shares. This move will raise a total of £487,806 and increase the company’s total voting rights to 2,926,007,565. The admission of these shares to trading on AIM is expected to occur on or around 23 July 2025, potentially impacting shareholder calculations under the FCA’s Disclosure Guidance and Transparency Rules.
Metals Exploration PLC reported a record-breaking financial performance for Q2 2025, with a pre-tax free cash flow of $47.2 million and gold revenue of $70.5 million. The Runruno operations demonstrated strong operational discipline, achieving a gold recovery rate of 92.1% and reducing all-in-sustaining-costs. The company also made significant progress at the La India project in Nicaragua, with construction activities advancing and strong support from local communities and the government. These developments are expected to enhance the company’s value creation strategy and strengthen its industry positioning.
Metals Exploration PLC has announced a change in its major holdings, with Drachs Investments No3 Limited increasing its voting rights in the company to 20.37% from a previous position of 19.65%. This change reflects an acquisition or disposal of voting rights, indicating a significant shift in shareholder influence within the company.
Metals Exploration PLC has announced a change in its major holdings, with Jim Mellon and Galloway Limited adjusting their voting rights in the company. The notification indicates a decrease in the total percentage of voting rights from 3.27% to 2.99%, which may influence the company’s decision-making process and stakeholder dynamics.
Metals Exploration PLC has announced the exercise of 1,233,818 warrants, resulting in the issuance of new ordinary shares and raising £74,646 for the company. This development will increase the total number of voting rights to 2,917,898,730, which shareholders can use to determine their interest in the company’s share capital under regulatory guidelines.
Metals Exploration PLC has announced the grant of options over 10,600,000 new ordinary shares to certain directors as part of its Long-Term Incentive Plan (LTIP) scheme. This decision follows the company’s acquisition of Condor Gold, leading to changes in board composition and shareholding structure. The options are intended to incentivize directors Steven Smith and Rob Marshall, aligning their interests with those of independent directors. The LTIP options have a vesting period based on tenure and performance metrics, aiming to retain key personnel and support the company’s strategic goals.
Metals Exploration PLC announced that all 11 resolutions proposed at its Annual General Meeting were passed. This includes the re-appointment of key directors and auditors, as well as authorizations related to share allotments and the adoption of new articles of association. The successful passage of these resolutions reflects strong shareholder support and positions the company for continued operational stability and governance alignment.
Metals Exploration PLC has announced a change in its major holdings, with Jim Mellon and Galloway Limited reducing their voting rights from 5.01% to 3.27%. This change in ownership structure could impact the company’s decision-making process and influence its strategic direction, potentially affecting stakeholders and the company’s market positioning.
Metals Exploration PLC has announced that its CEO, Darren Bowden, will deliver a live investor presentation via the Investor Meet Company platform on June 16, 2025, following the company’s Annual General Meeting. This initiative aims to engage both existing and potential shareholders by providing them with insights into the company’s operations and future plans, potentially enhancing investor relations and market positioning.
Metals Exploration PLC has announced a change in its major holdings, with Drachs Investments No3 Limited increasing its voting rights in the company from 17.90% to 19.65%. This acquisition of voting rights signifies a strategic move by Drachs Investments to strengthen its influence within the company, potentially impacting the company’s future decisions and strategic direction.
Metals Exploration PLC has announced a change in its voting rights structure, with Jim Mellon and Galloway Limited now holding a combined total of 5.01% of the company’s voting rights. This adjustment from a previous position of 7.54% could influence the company’s decision-making processes and shareholder dynamics, potentially impacting its strategic direction and stakeholder interests.
Metals Exploration PLC has announced the exercise of options and warrants over new ordinary shares, following the completion of performance vesting conditions and the acquisition of Condor Gold plc. This move will result in an increase in the company’s total voting rights, impacting the shareholding structure and potentially affecting shareholder interests. The company has applied for the admission of these new shares to trading on AIM, which is expected to occur on 6 June 2025.
Metals Exploration PLC, a company involved in the mining industry, has announced a change in its major holdings. Drachs Investments No3 Limited, based in St Helier, Jersey, has increased its voting rights in Metals Exploration to 17.04% from a previous 16.12%. This acquisition of voting rights signifies a strategic move by Drachs Investments, potentially impacting the company’s governance and decision-making processes.
Metals Exploration plc announced a revision in the aggregate percentage interest of Rob Marshall, a Non-Executive Director, and his associated party in the company’s total voting rights, reducing it from 1.04% to 0.33%. This change follows their recent purchase of 827,314 ordinary shares, reflecting a strategic move that could impact the company’s market dynamics and investor perceptions.
Metals Exploration PLC announced that Rob Marshall, a Non-Executive Director, along with a person closely associated with him, purchased a total of 827,314 ordinary shares of the company. This transaction increases their aggregate interest to 1.04% of the company’s total voting rights, potentially signaling confidence in the company’s future prospects.
Metals Exploration PLC has announced the posting of its Annual Report and Accounts for the year ending December 31, 2024, along with the Notice of the Annual General Meeting (AGM) and Form of Proxy. These documents are available to shareholders who opted for hard copies and are also accessible on the company’s website. The AGM is scheduled to take place on June 16, 2025, in London. This announcement ensures transparency and keeps stakeholders informed about the company’s financial health and strategic direction.
Metals Exploration PLC reported strong financial results for 2024, with record gold revenue of $191.1 million and free cash flow of $96.7 million, driven by robust performance at the Runruno mine. The company is debt-free and has executed strategic acquisitions, including Condor Gold Plc and YMC Group, to ensure continued cash flow and growth. The La India project in Nicaragua is set to begin production by the end of 2026, while the Dupax exploration target near Runruno presents further growth potential. The company has received several awards for its operations in the Philippines, highlighting its commitment to environmental and community standards.