ASX Share rice
Fri 14 Aug 2020 - 11:43:pm (Sydney)

XAM Share Price

XANADU MINES LTDXAMMaterials

XAM Company Information

Name:

Xanadu Mines Limited

Sector:

Basic Materials

Industry:

Industrial Metals & Minerals

GIC Industry:

Metals & Mining

GIC Sub Industry:

Diversified Metals & Mining

Address:

Building 9B Ulaanbaatar Mongolia 14240

Phone:

97 6 7012 0211

CEO & Exec. Director:

Dr. Andrew Lachlan Stewart B.Sc., BSc, Ph.D., MAIG, MSEG

Co-Founder & Exec. Director:

Mr. Ganbayar Lkhagvasuren M.IBL

Chief Operating Officer:

Mr. Munkhsaikhan Dambiinyam M.Sc., MSc Fin

Chief Financial Officer:

Mr. Spencer Cole

Chief Geologist:

Mr. Matthew Brown

Company Overview:

Xanadu Mines Limited engages in the exploration and development of various mineral exploration projects in Mongolia. The company primarily explores for copper and gold deposits. Its flagship project is the Kharmagtai copper-gold project located in Omnogovi province. The company was founded in 2005 and is headquartered in Ulaanbaatar, Mongolia.

XAM Share Price Information

Shares Issued:

791.17M

Market Capitalisation:

$41.93M

Revenue (TTM):

$-1,000

Earnings per Share:

$-0.007

Operating Margin (TTM):

$7.72K

Return On Assets (TTM):

$-0.09

Return On Equity (TTM):

$-0.15

Quarterly Revenue Growth (YOY):

-0.688

Diluted Earnings Per Share (TTM):

$-0.011

XAM CashFlow Statement

CashFlow Date:

2019-12-31

Investments:

$-3,301,000

Change To Liabilities:

$-619,000

Total Cashflow From Investing Activities:

$-3,301,000

Net Borrowings:

$-33,000

Net Income:

$-7,920,000

Total Cash From Operating Activities:

$-4,104,000

Other Cashflow From Investing Activities:

$-3,431,000

Sale Purchase Of Stock:

$-311,000

Capital Expenditures:

$3.43M

XAM Income Statement

Income Date:

2019-12-31

Income Before Tax:

$-8,040,000

Net Income:

$-7,920,000

Operating Income:

$-7,991,000

Other Operating Expenses:

$3.72M

Interest Expense:

$25K

Total Operating Expenses:

$7.99M

XAM Balance Sheet

Balance Sheet Date:

2019-12-31

Total Liabilities:

$161K

Total Stockholder Equity:

$40.28M

Total Assets:

$45M

Common Stock:

$120.91M

Retained Earnings:

$-79,265,000

Cash:

$1.21M

Total Current Liabilities:

$95K

Property - Plant & Equipment:

$43.64M

Net Tangible Assets:

$40.28M

Total Current Assets:

$1.36M

Short-Term Investments:

$43.64M

Accounts Payable:

$58K

Non Currrent Assets (Other):

$43.64M

Short-Term Investments:

$43.64

Non Current Liabilities Total:

$66K

XAM Share Price History

XAM News

10 Aug, 2020
12:04
Yahoo! Finance
TORONTO, Aug. 10, 2020 /CNW/ - Trading resumes in: Company: Xanadu Mines Ltd.
TORONTO, Aug. 10, 2020 (GLOBE NEWSWIRE) -- Xanadu Mines Ltd (ASX:XAM, TSX:XAM) (Xanadu or the Company) is pleased to announce a two tranche placement to raise $12.0 million (Placement). Highlights * Well supported with the introduction of several new domestic and international institutions * $3.5 million participation by key shareholders Asia Capital and Advisors Pte Ltd and SSI Asset Management AG on a pro rata basis relative to their existing shareholding in Tranche 1 and 2 of the Placement * Strong financial position to deliver on Xanadu’s recently announced exploration strategy focused on its flagship Kharmagtai copper-gold project * Xanadu corporate reset is now complete with a revitalised, supportive institutional share registerThe Placement will be completed in two tranches via the issue of 266.7 million new fully paid ordinary shares (New Shares). The New Shares will be quoted on ASX following issue and will rank pari-passu with the existing fully paid ordinary shares currently on issue.Tranche 1 of the Placement will raise approximately $5.6 million via the issue of approximately 123.8 million New Shares pursuant to the Company’s existing placement capacity under ASX Listing Rule 7.1. Tranche 2 of the Placement will raise approximately $6.4 million via the issue of approximately 142.9 million New Shares subject to shareholder approval to be sought at a Xanadu General Meeting, expected to be held on or around mid-September 2020. The issue price of $0.045 per share represents a discount of 23.7% to Xanadu’s last close (5 August 2020) of $0.059 per share, a 20.0% discount to the 5-day VWAP of $0.056 per share and a 13.1% discount to the 30-day VWAP of $0.052 per share.The proceeds of the Placement, together with the Company’s existing cash resources will be applied towards the Kharmagtai exploration drilling and resource definition drilling program in accordance with Xanadu’s published strategy and working capital purposes.Argonaut Securities Pty Limited and CLSA Australia Pty Ltd acted as Joint Lead Managers to the Placement.Tranche 1 of the Placement is scheduled to settle on Monday, 17 August 2020 with allotment and trading to occur on Tuesday, 18 August 2020. Subject to shareholder approval being obtained, Tranche 2 of the Placement is expected to settle late September 2020.Non-Executive Chairman, Colin Moorhead, said, “We are delighted with the strong support received from existing shareholders and several new sophisticated institutional investors.  We are also very pleased to welcome a number of domestic institutional investors as new shareholders into Xanadu. This Placement enables us to further strengthen our share register and our balance sheet which will enable Xanadu to execute its exploration strategy with vigour and unencumbered.”For further information, please contact:Andrew Stewart Chief Executive Officer M: +61 409 819 922 E:  Andrew.stewart@xanadumines.comSpencer Cole Chief Financial Officer M: +61 434 047 987 E:  spencer.cole@xanadumines.com This Announcement was authorised for release by Xanadu’s Board of Directors.
06 Aug, 2020
12:35
Yahoo! Finance
TORONTO, Aug. 6, 2020 /CNW/ - The following issues have been halted by IIROC: Company: Xanadu Mines Ltd.
30 Jun, 2020
11:00
Yahoo! Finance
TORONTO, June 30, 2020 -- Xanadu Mines Ltd (ASX: XAM | TSX:XAM) ( (Xanadu or the Company) advises that Stephen Motteram, being the nominee of Noble Resources International Pte..
10 Jun, 2020
11:00
Yahoo! Finance
TORONTO, June 10, 2020 -- Xanadu Mines Ltd (ASX: XAM, TSX: XAM) (“Xanadu” or “the Company”) advises that investors and analysts are invited to participate in a webcast on.
05 Jun, 2020
TORONTO, June 05, 2020 -- Xanadu Mines Ltd (ASX: XAM, TSX: XAM) (“Xanadu” or “the Company”) advises that in accordance with ASX Listing Rule 3.13.1, Xanadu will hold its 2020.
28 May, 2020
01:29
Yahoo! Finance
TORONTO, May 27, 2020 -- Xanadu Mines Ltd (ASX: XAM, TSX: XAM) (“Xanadu” or “the Company”) has today announced changes to the composition of its Executive Team. We are pleased.
21 May, 2020
Xanadu Mines Ltd (ASX: XAM, TSX: XAM) (“Xanadu” or the “Company”) is pleased to report that is has accepted firm commitments for a placement of 34.0 million new fully paid shares in Xanadu (“New Shares”) at A$0.033 per New Share to raise approximately A$1.12 million (“Placement”). Proceeds from the Placement will be used to underpin the next phase of activities at its Kharmagtai copper and gold project (Figure 1).
13 May, 2020
Xanadu Mines Ltd (ASX: XAM, TSX: XAM) (“Xanadu” or “the Company”) is pleased to report that on-ground exploration activities have commenced at the highly prospective Red Mountain Joint Venture (JV) with the Japan Oil, Gas and Metals National Corporation (JOGMEC). The Red Mountain JV project located within the Dornogovi Province of southern Mongolia, approximately 420 kilometres southeast of Ulaanbaatar (Figure 1), is a joint venture between Xanadu and JOGMEC. Red Mountain comprises a cluster of outcropping mineralising porphyry intrusions which display features typically found in the shallower parts of porphyry systems where narrow dykes and patchy mineralisation branch out above a mineralised stock.
31 Mar, 2020
11:00
Yahoo! Finance
Xanadu Mines Ltd (ASX: XAM, TSX: XAM) (Xanadu or the Company) wishes to provide an update on its Mongolian exploration projects, with the Company implementing several important changes over the previous months to ensure workplace safety and balance sheet preservation in response to the spread of CoV-2 and subsequent COVID-19 pandemic. Xanadu’s 2020 work plan has been reviewed and non-essential activities have been cancelled or deferred.
27 Mar, 2020
TORONTO, March 27, 2020 -- Xanadu Mines Ltd (ASX: XAM, TSX: XAM) (Xanadu or the Company) advises that due to the current restrictions arising from the COVID-19 containment.
24 Mar, 2020
Xanadu Mines Ltd (ASX: XAM, TSX: XAM) (Xanadu or the Company) is pleased to announce that it has entered into an earn-in agreement with Japan Oil, Gas and Metals National Corporation (JOGMEC) to sole fund up to $USD7.2 million in exploration expenditure at the Company’s Red Mountain copper-gold Project located in the South Gobi region of Mongolia (Figures 1 and 2). Exploration objectives of the earn-in deal are to discover Mongolia’s next world-class copper-porphyry deposit.
16 Mar, 2020
TORONTO, March 16, 2020 -- Xanadu Mines Ltd (ASX: XAM, TSX: XAM) (“Xanadu” or “the Company”) is pleased to advise that in accordance with ASX Listing Rule 3.13.1, Xanadu will.
10 Mar, 2020
Xanadu Mines Ltd (ASX: XAM, TSX: XAM) (“Xanadu” or “the Company”) is pleased to report that diamond drill hole KHDDH526, located to the immediate east of the Stockwork Hill deposit on the Company’s Kharmagtai porphyry copper and gold project in the south Gobi region of Mongolia (Figures 1 and 2), has intersected a significant new zone of mineralisation outside the defined resources. This new discovery significantly increases the potential strike of the Stockwork Hill Deposit.
16 Jan, 2020
14:14
Yahoo! Finance
TORONTO, Jan. 16, 2020 -- Xanadu Mines Ltd (ASX:XAM, TSX:XAM) (Xanadu or the Company) is pleased to advise that the Company has overnight, conducted a non-brokered placement.
11 Dec, 2019
Xanadu Mines Ltd (ASX: XAM, TSX: XAM) (“Xanadu” or “the Company”) is pleased to announce significant improvements in copper and gold recoveries from metallurgical testing from its flagship at Kharmagtai project, which is located in the south Gobi region of Mongolia (Figures 1). The new metallurgical test programme has expanded on that conducted during the 2018 Mineral Resource Estimate (see Xanadu’s ASX/TSX announcement dated 31 October 2018) and 2019 Scoping Study (see Xanadu’s ASX/TSX announcement dated 11 April 2019) and has produced substantial improvements in copper and gold recovery and in copper concentrate copper and gold grades.
28 Nov, 2019
Xanadu Mines Ltd (ASX: XAM, TSX: XAM) (“Xanadu” or “the Company”) wishes to advise the pending retirement of Dr Darryl Clark as non-executive director and Chairman of the Company, and the appointment of his successor, Mr Colin Moorhead. Colin has extensive experience in development and financing significant mining projects internationally. A geologist by training, Colin is known for strong leadership, strategy and execution that saw him rise through the ranks from a graduate with BHP in 1987 to an executive level manager responsible for global exploration and resource development at Newcrest Mining from 2008 to 2015, a period of significant growth for the company.
TORONTO, Nov. 28, 2019 -- 27 November 2019 Mr. Alex SuttonAdviser - Geology, Listing ComplianceASX LimitedLevel 4, Exchange Centre20 Bridge StreetSydney NSW 2000 By email.
08 Nov, 2019
TORONTO, Nov. 08, 2019 -- Xanadu Mines Ltd (ASX: XAM, TSX: XAM) (“Xanadu” or “the Company”) is pleased to announce it has upgraded the global copper and gold Exploration Target.
04 Nov, 2019
Every investor in Xanadu Mines Limited (ASX:XAM) should be aware of the most powerful shareholder groups. Insiders...