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Last $0.23 HKD
Change Today -0.01 / -4.24%
Volume 27.2M
As of 4:01 AM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

g-resources group ltd (1051) Snapshot

Open
$0.23
Previous Close
$0.24
Day High
$0.24
Day Low
$0.23
52 Week High
05/28/15 - $0.32
52 Week Low
11/13/14 - $0.18
Market Cap
6.0B
Average Volume 10 Days
49.9M
EPS TTM
$0.0024
Shares Outstanding
26.5B
EX-Date
06/15/15
P/E TM
12.1x
Dividend
$0.0048
Dividend Yield
2.12%
Current Stock Chart for G-RESOURCES GROUP LTD (1051)

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g-resources group ltd (1051) Details

G-Resources Group Limited, an investment holding company, explores and mines mineral properties, primarily gold. The company conducts its operations through Principal Investment Business and Mining Business segments. It also explores for silver, copper, and other mineral deposits. The company principally holds interest in the Martabe gold and silver mine located in North Sumatra, Indonesia. In addition, it is involved in operating fund management and general administration activities; and securities investment and trading business. G-Resources Group Limited also serves customers in Singapore and Hong Kong. The company was formerly known as Smart Rich Energy Finance (Holdings) Limited and changed its name to G-Resources Group Limited in June 2009. G-Resources Group Limited is headquartered in Wanchai, Hong Kong.

768 Employees
Last Reported Date: 04/22/15

g-resources group ltd (1051) Top Compensated Officers

Chairman, Acting Chief Executive Officer, Cha...
Total Annual Compensation: --
Vice Chairman, Member of Executive Committee,...
Total Annual Compensation: $601.0K
Deputy Chief Executive Officer, Executive Dir...
Total Annual Compensation: $437.0K
Executive Director and Member of Executive Co...
Total Annual Compensation: $273.0K
Company Secretary and Executive Director
Total Annual Compensation: $379.0K
Compensation as of Fiscal Year 2014.

g-resources group ltd (1051) Key Developments

G-Resources Group Limited Provides Recent Exploration Results at G-Resources' Martabe Gold and Silver Mine in Indonesia

G-Resources Group Limited provided recent exploration results at G-Resources' Martabe gold and silver mine in Indonesia. Ramba Joring currently has an estimated Mineral Resource consisting of 38 million tonnes at average grade of 1.0 g/t gold and 4 g/t silver, with total contained metal content of 1.2 million ounces of gold and 5.0 million ounces of silver. From this Resource, a Probable Reserve is estimated with 5.2 million tonnes at average grade of 1.8 g/t gold and 4.4 g/t silver and total contained metal content of 0.29 million ounces of gold and 0.7 million ounces of silver. Ramba Joring is north of and adjacent to the Purnama Open Pit. The program of drilling and trenching work commenced at Ramba Joring in early 2015. A total of 18 surface trenches (totaling 690 metres) and 32 diamond drill holes (totaling 3,859.4 metres) have been completed. The field program finished in July 2015, and results have been received from all trenches and the first 17 drill holes. Tor Uluala currently has an inferred resource consisting of 32 million tonnes at average grade of 0.9 g/t gold and 8 g/t silver, with total contained metal content of 0.9 million ounces of gold and 7.8 million ounces of silver. Tor Uluala is located approximately one kilometer north of Purnama and is adjacent to Ramba Joring, leading to a proposed eventual mining sequence northwards through Ramba Joring, Tor Uluala and eventually to Uluala Hulu. Tani Hill is located in the Gambir-Kapur District, 20 kilometres south of Martabe. Tani Hill has been drilled previously with no indications of a porphyry copper or economic gold system in the areas targeted. However, recent mapping showed a significant extent of altered rock typical of a higher temperature mineral system than previously recognized, i.e. trending more towards a high temperature porphyry copper style system than an epithermal gold system. The alteration identified included disseminated and veined magnetite, silica (as pervasive alteration and quartz veins) actinolite, chlorite, and pyrite. Minor garnet, secondary biotite and trace chalcopyrite occur locally. The area is anomalous in copper. Molybdenum and gold in rock samples and soil samples. A drilling program consisting of three, 600 metre deep diamond drill holes is currently being drilled. Assay results from the first hole have been received, with a best result of 3.0m at 0.2% Cu from 385-387 metres down the hole. The second hole has been completed with traces of disseminated and vein hosted chalcopyrite confirmed through spot analysis for copper with a hand held XRF analyser. Assay results for the second hole have not been received but it is likely the chalcopyrite in the second drill hole will not be of economic grade. Tango Papa is located 25 kilometres north of Martabe. In 2013, two diamond drill holes were completed to test buried porphyry copper-gold targets, neither of which returned significant results. Rantau Panjang is approximately 80 kilometers south of Martabe. Gold potential at Rantau Panjang is indicated by previous stream sediment geochemistry and by a small number of illegal miners working alluvial gold in creeks and rivers. Gold and copper bearing magnetite skarns occur in the area surrounding the prospect and the geology is permissive for epithermal targets and porphyry copper-gold systems.

G-Resources Group Limited Reports Operating and Revenue Results for the Second Quarter of 2015

G-Resources Group Limited reported operating and revenue results for the second quarter of 2015. For the quarter, the company’s mined ore was 991,000 tons against 1,211,000 tons for the first quarter of 2015. Mined waste was 2,269,000 tons against 2,006,000 tons for the first quarter of 2015. Milled was 993,000 tons against 1,063,000 tons for the first quarter of 2015. Gold poured was 72,096 ounces and silver poured was 631,189 ounces compared to gold poured of 84,220 ounces and silver poured of 657,364 ounces respectively in the prior quarter. For the quarter, the company reported gold and silver revenue received from sales of $93 million for the second quarter of 2015.

G-Resources Group Limited Approves Dividend for the Year Ended December 31, 2014

G-Resources Group Limited announced at the AGM held on May 29, 2015, it has approved the payment of final dividend of HK 0.48 cents per share for the year ended December 31, 2014.

 

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1051

Industry Average

Valuation 1051 Industry Range
Price/Earnings 12.9x
Price/Sales 2.1x
Price/Book 0.7x
Price/Cash Flow 11.6x
TEV/Sales 1.2x
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