Metals X Ltd. (ASX:MLX) Company Profile
Symbol(s): ASX:MLX, OTCMKTS:MLXEF
Industry: Gold Mining
Metals X Ltd. (ASX:MLX) is an Australian 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 Higginsville (Western Australia, Australia), Murchison (Western Australia, Australia), South Kalgoolie (Western Australia, Australia) and Grosvenor (Western Australia, Australia).
Metals X Ltd. (ASX:MLX) has about 15 million ounces of gold reserves & resources. The company’s resources are currently being valued at US$-2.311 per gold equivalent ounce, which in our opinion is very low compared to other gold mining companies. The company currently produces 250000 ounces of gold per year with the all-in sustaining costs of US$1100 per ounce.
Metals X Ltd. has US$89.82 million cash and no debt. The company has 907.27 million shares outstanding and as of September 01, 2020, had a market capitalization of US$55.16 million. The stocks of Metals X Ltd. trade on the Australian Securities Exchange and the Over-the-Counter Exchange.
Metals X Ltd. (ASX:MLX) Share Price Chart
Metals X Ltd. (ASX:MLX) Technical Data
Last Updated: September 2, 2020
Metals X Ltd. (ASX:MLX) Financial Data
Metals X Ltd. (ASX:MLX) Gold Resources
Metals X Ltd. (ASX:MLX) Valuation by Resources
* AUD to USD exchange rate of 0.76 was used in calculations
*** Gold to silver ratio of 69.03 was used in the calculation of silver equivalent resources