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Last 0.88 GBp
Change Today +0.025 / 2.94%
Volume 2.2M
KEFI On Other Exchanges
Symbol
Exchange
London
As of 12:25 PM 07/3/15 All times are local (Market data is delayed by at least 15 minutes).

kefi minerals plc (KEFI) Snapshot

Open
0.85 GBp
Previous Close
0.85 GBp
Day High
0.88 GBp
Day Low
0.85 GBp
52 Week High
10/7/14 - 1.78 GBp
52 Week Low
05/28/15 - 0.80 GBp
Market Cap
15.3M
Average Volume 10 Days
10.0M
EPS TTM
-0.0041 GBp
Shares Outstanding
1.7B
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for KEFI MINERALS PLC (KEFI)

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kefi minerals plc (KEFI) Details

KEFI Minerals Plc engages in the discovery, exploration, development, and production of mineral deposits primarily in the Kingdom of Saudi Arabia. The company explores for gold, copper, and other precious and base metals. It holds interests in the Jibal Qutman exploration license covering an area of 99.9km2 located in the central southern region; and Hawiah exploration license covering 95km2 located in the Wadi Bidah mineral district of the Arabian Shield, as well as the Tulu Kapi gold project located in Western Ethiopia. The company was founded in 2006 and is based in Nicosia, Cyprus.

44 Employees
Last Reported Date: 05/19/15
Founded in 2006

kefi minerals plc (KEFI) Top Compensated Officers

Executive Chairman, Chairman of Remuneration ...
Total Annual Compensation: 242.0K GBP
Exploration Director and Director
Total Annual Compensation: 207.0K GBP
Compensation as of Fiscal Year 2014.

kefi minerals plc (KEFI) Key Developments

KEFI Minerals Plc, Q2 2015 Earnings Call, Jul 01, 2015

KEFI Minerals Plc, Q2 2015 Earnings Call, Jul 01, 2015

KEFI Minerals Plc Presents at Proactive Investors' Mining Capital Conference, Jun-29-2015 11:00 AM

KEFI Minerals Plc Presents at Proactive Investors' Mining Capital Conference, Jun-29-2015 11:00 AM. Venue: Brewery, 52 Chiswell Street, London, EC1 4SD, United Kingdom. Speakers: Wayne Nicoletto, Head of Operations.

KEFI Minerals plc Announces Completion of 2015 Definitive Feasibility Study & Development Funding Plan

KEFI Minerals plc reported completion of the 2015 Definitive Feasibility Study on time and in accordance with the company's strategy. The 2015 DFS is now being reviewed by the Independent Technical Consultants to the financiers who are formally considering participation in the syndicate to agree the development funding arrangements in third quarter of 2015. In April 2015, the Tulu Kapi Mining Agreement between the Ethiopian Government and KEFI was formally executed and included an undertaking to the Government to target the commencement of construction in late 2015 and an undertaking from the Government to facilitate the planned financing. KEFI has been granted a Mining Licence valid for a renewable period of 20 years, along with all major permits for the development and operation of the Tulu Kapi mine. Gold production remains at 960,000 ounces over 13 years with an average of 95,000 ounces per steady-state year (that is excluding the start-up year and the processing of low-grade stocks after open pit mining). All-in Sustaining Costs remain at c. USD 780/oz, which ranks the project in the lowest cost quartile globally for gold producers. This includes all operating costs, royalties, sustaining capital and closure, but excludes initial capital investment. Development Funding Plan: The initial funding requirement remains at approximately USD 120 million, based on the planned use of contract-mining and an all-new processing plant; Development funding plans remain for KEFI to seek USD 100 million of secured debt-based finance and USD 20 million of equity finance at the contractor-funding level, project subsidiary level or parent company level (in that order of preference). The projected equity investment is in addition to the USD 65 million that has been invested in the project to date; The targeted level of secured debt-based finance would result in a greater project Internal Rate of Return (IRR) and higher Net Present Value (NPV) for current shareholders than if KEFI funded the project entirely through equity finance. One particular scenario under consideration yields an IRR of 52% compared with an all-equity funded IRR of 28%. It also provides projected NPV at the commencement of production in 2017 of USD 156 million (c. £100 million), at a discount rate of 8%. Current KEFI market capitalisation is approximately £14 million; KEFI's objectives during third quarter of 2015 include the lowering of the initial funding requirement through the tendering and procurement process, and the refinement and agreement of the funding plan with contractors and financiers. The objective is to preserve robust project economics whilst minimising equity dilution.

 

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KEFI Competitors

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Company Last Change
Barrick Gold Corp $10.57 USD +0.12
Centamin PLC 61.25 GBp -0.60
Chalice Gold Mines Ltd A$0.11 AUD 0.00
Nevsun Resources Ltd C$4.69 CAD -0.01
Saudi Arabian Mining Co SR39.80 SAR -0.38
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Industry Analysis

KEFI

Industry Average

Valuation KEFI Industry Range
Price/Earnings NM Not Meaningful
Price/Sales -- Not Meaningful
Price/Book 1.5x
Price/Cash Flow NM Not Meaningful
TEV/Sales -- Not Meaningful
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