Interim Results

RNS Number : 9244L
Cora Gold Limited
16 September 2021
 



http://www.coragold.com/category/company-reports

http://www.coragold.com





























































































Basic earnings per share

(United States dollar)


Fully diluted earnings per share

(United States dollar)


 

































































































 

Notes to the Condensed Consolidated Financial Statements

for the six months ended 30 June 2021 and 2020, and the year ended 31 December 2020

All tabulated amounts stated in thousands of United States dollar (unless otherwise stated)

 



 



Six months ended

30 June

2021

US$'000

Six months

ended

30 June 2020

US$'000

Year

ended

31 December 2020

US$'000

Net loss attributable to equity shareholders


(716)

(623)

(727)

Weighted average number of shares for the purpose of

basic earnings per share (000's)


 

210,296

 

153,076

 

175,680

Weighted average number of shares for the purpose of

fully diluted earnings per share (000's)


 

210,296

 

153,076

 

175,680

Basic earnings per share

(United States dollar)


 

(0.0034)

 

(0.0041)

 

(0.0041)

Fully diluted earnings per share

(United States dollar)


 

(0.0034)

 

(0.0041)

 

(0.0041)

 

 



Six months

ended

30 June

2021

US$'000

Six months ended

30 June

2020

US$'000

Year

ended

31 December

2020

US$'000

As at 01 January


13,665

11,374

11,374

Additions


3,309

1,203

2,291

Impairment


-

_______

-

_______

-

_______

As at period end


16,974

12,577

13,665

 



 



Six months

ended

30 June

2021

US$'000

Six months ended

30 June

2020

US$'000

Year

ended

31 December

2020

US$'000

Mali


3,286

1,008

1,982

Senegal


23

_______

195

_______

309

_______

Additions to project costs


3,309

1,203

2,291

 

 



30 June

2021

US$'000

30 June

2020

US$'000

31 December

2020

US$'000

Mali


16,534

12,274

13,248

Senegal


440

_______

303

_______

417

_______

As at period end


16,974

12,577

13,665



30 June

2021

US$'000

30 June

2020

US$'000

31 December

2020

US$'000

Other receivables


21

49

21

Prepayments


25

_______

23

_______

38

_______



46

72

59



 



30 June

2021

US$'000

30 June

2020

US$'000

31 December

2020

US$'000

British pound sterling (GBP£)


3,403

3,587

4,456

United States dollar (US$)


2,087

9

9

CFA franc (XOF)


174

12

30

Euro (EUR€)


12

_______

23

_______

19

_______



5,676

3,631

4,514



30 June

2021

US$'000

30 June

2020

US$'000

31 December

2020

US$'000

Trade payables


434

75

138

Other payables and taxes


-

55

-

Accruals


412

_______

26

_______

78

_______



846

156

216

 



 


































 



 

On 07 September 2021 the Company entered into a conditional US$25 million mandate and term sheet with investment firm Lionhead Capital Advisors Proprietary Limited ('Lionhead') to fund the development of the Company's Sanankoro Gold Project in southern Mali. This is conditional on, among other matters, the completion of a Definitive Feasibility Study on the Sanankoro Gold Project by 30 June 2022. Paul Quirk (Non-Executive Director of the Company) is a director of Lionhead. The US$25 million project financing comprises US$12.5 million equity and US$12.5 million convertible loan note. This mandate and term sheet replaces the previous one with Lionhead dated 17 June 2020 which was for US$21 million.

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