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Doray Minerals Ltd. (ASX:DRM)

Doray Minerals Ltd. (ASX:DRM) Business Description

Symbol(s): ASX:DRM
Industry: Gold Mining
Website: www.dorayminerals.com.au
eMail: info@dorayminerals.com.au

Doray Minerals Ltd. (ASX:DRM) is an Australia-based Gold mining company. It’s a mid-tier producer mainly focused on exploration and development of mineral properties in Australia. The company has multiple properties including Andy Well (Western Australia, Australia) and Deflector (Western Australia, Australia).

Doray Minerals Ltd. (ASX:DRM) has about 1.2 million ounces of gold reserves & resources. The company currently produces 95000 ounces of gold per year with the all-in sustaining costs of US$950 per ounce.

Doray Minerals Ltd. has US$44.15 million cash and US$33.67 million debt. The company has 458.077205 million shares outstanding and currently has a fully diluted market capitalization of US$254.233 million. The stocks of Doray Minerals Ltd. trade on the Australian Securities Exchange.

Doray Minerals Ltd. (ASX:DRM) Share Price Chart


Doray Minerals Ltd. (ASX:DRM) Technical Data
Last Updated: April 1, 2019

Share Price:
AUD0.56 (3/29/2019 16:10:19)
Volume:
8130259 (3/29/2019 16:10:19)
Stock Price 52 Week High:
AUD0.57
Stock Price 52 Week Low:
AUD0.24
Change from 52 Week Low:
133.328%
Change from 52 Week High:
-1.754%
Beta
#N/A
Average Volume:
5007020

Doray Minerals Ltd. (ASX:DRM) Financial Analysis

Share Price:
AUD0.56 (3/29/2019 16:10:19)
Shares Outstanding:
458.08 million
Market Capitalization:
US$182.13 million *
Cash:
US$44.15 million
Total Debt:
US$33.67 million
Enterprise Value:
US$171.651 million
Earnings Per Share:
-0.02
Price to Earning (P/E) Ratio:
#N/A

Doray Minerals Ltd. (ASX:DRM) Gold Resources

Total Reserves & Resources:
1.15 million ounce
Plausible Reserves & Resources:
0.81 million ounce
Current Cash Cost Per Ounce:
US$550
Future Cash Cost Per Ounce:
US$600
Current All-in Sustaining Cost Per Ounce:
US$950
Future All-in Sustaining Cost Per Ounce:
US$1000
Current Annual Production:
95000 ounce
Future Annual Production:
140000 ounce

Doray Minerals Ltd. (ASX:DRM) Valuation by Resource

Gold Equivalent Resources:
1.15 million ounce
Silver Equivalent Resources:
98.2 million ounce ***
Enterprise Value Per Gold Ounce:
US$149.262
Enterprise Value Per Silver Ounce:
US$1.749
Gold Equivalent Resources per FD share:
0.003 ounce
Silver Equivalent Resources per FD share:
0.214 ounce

* AUD to US$ exchange rate of 0.71 was used in calculations
*** Gold to silver ratio of 85.35 was used in the calculation of silver equivalent resources

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