Nuuk, 2014-03-31 17:08 CEST (GLOBE NEWSWIRE) --
The Board of Directors of NunaMInerals A/S has today considered and approved the Annual Report for the year 2013
The Field Programme for 2014 subject to funding is expected to be:
– Core drilling and surface work at the Vagar gold project to further support the resource potential for gold.
– Resource drilling at the Qeqertaasaq REE-niobium project funded by KORES
Based on the discoveries and exploration results obtained on the Company’s gold project on the Vagar license during the last two years, the Company has high expectations to the further development of the project. Thorough word is done to obtain the necessary capital to bring the project to the resource phase. The company expects an EBITDA loss in the region of 5-10 mDKK in 2014. Entering new partnerships on the Company’s partner projects can affect expectations.
No events have occurred since the balance sheet date that would materially influence the valuation of the Annual Report
5 Years Key Figures and Key Ratios | |||||
Amount in DKK 1,000 | 2013 | 2012 | 2011 | 2010 | 2009 |
tDKK | tDKK | tDKK | tDKK | tDKK | |
Key Figures | |||||
EBITDA | -4.956 | -6.176 | -4.924 | -8.221 | -7.378 |
Amortisation, depreciation and impairment losses | -54.752 | -8.907 | -28.483 | -29.117 | -10.986 |
Profit before financials | -59.708 | -15.083 | -33.408 | -37.338 | -18.364 |
Profit before tax | -60.680 | -15.540 | -33.382 | -37.241 | -16.588 |
Profit for the period | -60.680 | -15.540 | -33.382 | -37.241 | -16.588 |
Equity | 76.975 | 120.520 | 136.552 | 151.252 | 162.582 |
Total assets/liabilities | 94.687 | 138.068 | 140.976 | 156.251 | 166.684 |
Number of shares. | 27.590.940 | 1.291.619 | 1.291.619 | 1.174.306 | 1.067.616 |
Cash and cash equivalents | 5 | 3.850 | 18.422 | 34.551 | 45.313 |
Key Ratios | |||||
Earnings per share (DKK) | -2,28 | -0,61 | -1,35 | -1,66 | -0,78 |
Return on equity (%) | -79 | -13 | -24 | -25 | -2 |
Debt/equity ratio (%) | 81 | 87 | 97 | 97 | 98 |
Net asset value per share | 2,79 | 4,67 | 5,29 | 6,44 | 7,61 |
Dividend per share | 0 | 0 | 0 | 0 | 0 |
Acquisition of property, plant & equipment | 0 | 56 | 248 | 379 | 829 |
Acquisition of intangible assets | 14.619 | 20.778 | 29.635 | 37.056 | 28.867 |
Number of man-years | 8 | 10 | 9,9 | 13,7 | 18,7 |
Number of employees | 14 | 18 | 17 | 39 | 44 |
NunaMinerals A/S
Ole Christiansen, President and CEO
Mobile +299 55 18 57