MC MINING LIMITED - MCZ : Reviewed Financial Results for the half-year ended 30 June 2019
MCZ : Reviewed Financial Results for the half-year ended 30 June 2019: https://senspdf.jse.co.za/documents/2020/jse/isse/mcze/HY2020.pdf
Reviewed Financial Results for the half-year ended 30 June 2019
MC Mining Limited
(Incorporated and registered in Australia)
Registration number ABN 98 008 905 388
ISIN: AU000000MCM9
JSE share code: MCZ ASX/AIM code: MCM
("MC Mining" or "the Company")
REVIEWED FINANCIAL RESULTS FOR THE HALF-YEAR ENDED 30 JUNE 2019
All amounts are in US Dollars unless otherwise stated
Salient features
Revenue decreased by 25% to $11.4 million from $15.2 million in the prior corresponding period.
Operating loss before interest increased by 697% to $5.9 million from the $0.7 million in the prior
corresponding period.
Loss per share from continuing operations increased by 99% to 4.95 cents per share, from 2.49 cents
per share in the prior corresponding period.
Headline loss per share increased by 30% to 4.25 cents per share from 3.26 cents per share in the
prior corresponding period.
Net asset value decreased by 5% to $125.2 million from $132.1 million in the prior corresponding
period.
No dividend was declared by MC Mining for the half-year ended 31 December 2019 (half-year 2019:
Nil)
Attention is drawn to the disclosure in the annual financial statements on the going concern
assumptions.
Regulatory requirements
This short form announcement, which is the responsibility of MC Mining's directors, is only a
summary of information in the full announcement and does not contain full or complete details. Any
investment decisions by shareholders and/or investors should be based on consideration of the full
announcement.
The full announcement can be found at:
https://senspdf.jse.co.za/documents/2020/JSE/ISSE/MCZE/HY2020.pdf.
The full announcement is also available for viewing on the company's website at
http://www.mcmining.co.za/component/jdownloads/send/93-2020/1579-financial-report-for-the-
half-year-ended-31-december-2019 or a copy may be requested in person, at the company's
registered office or the office of the sponsor, at no charge, during office hours. Copies of the full
announcement may also be requested from the Company's group investor relations
at investor@mcmining.co.za.
The information in this announcement has been extracted from the reviewed Interim Group
financial results for the half-year ended 31 December 2019, but the short-form announcement itself
has not been reviewed by the Company's auditors.
13 March 2020
Sponsor
Investec Bank Limited
Date: 13-03-2020 10:00:00
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