Last A$0.10 AUD
Change Today -0.009 / -8.57%
Volume 12.6M
As of 12:10 AM 12/19/14 All times are local (Market data is delayed by at least 15 minutes).

tiger resources ltd (TGS) Snapshot

Open
A$0.11
Previous Close
A$0.11
Day High
A$0.11
Day Low
A$0.10
52 Week High
03/5/14 - A$0.46
52 Week Low
12/19/14 - A$0.10
Market Cap
109.8M
Average Volume 10 Days
7.4M
EPS TTM
A$0.02
Shares Outstanding
1.1B
EX-Date
--
P/E TM
3.8x
Dividend
--
Dividend Yield
--
Current Stock Chart for TIGER RESOURCES LTD (TGS)

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tiger resources ltd (TGS) Details

Tiger Resources Limited is engaged in the mining, exploration, development, and sale of mineral properties in the Democratic Republic of Congo (DRC). The company primarily explores for copper and cobalt deposits. Its holds a 60% interest in the Kipoi Copper Project covering an area of approximately 55 square kilometers located northwest of Lubumbashi in the Katanga Province of the DRC. The company also holds a 100% interest in the Lupoto Copper Project that has a surface area of approximately 140 square kilometers; and a 100% interest in the La Patience Project covering an area of 27 square kilometers located in the Katanga Province. Tiger Resources Limited is based in West Perth, Australia.

tiger resources ltd (TGS) Top Compensated Officers

Managing Director and Executive Director
Total Annual Compensation: $664.6K
Finance Director and Director
Total Annual Compensation: $564.0K
Company Secretary
Total Annual Compensation: --
Chief Operating Officer of DRC subsidiaries
Total Annual Compensation: $547.0K
Compensation as of Fiscal Year 2013.

tiger resources ltd (TGS) Key Developments

Tiger Resources Limited Provides an Update on Operations at its Kipoi Copper Project in the Democratic Republic of Congo

Tiger Resources Limited provided an update on operations at its Kipoi Copper Project in the Democratic Republic of Congo and future strategy. The ramp-up of the solvent extraction and electrowinning (SXEW) plant at Kipoi has been successfully completed and the operation continues to achieve nameplate production at an annualised rate of 25,000ktpa. While the Kipoi Phase 2 expansion to 50,000ktpa continues to represent a low-risk, low capital intensity growth option with attractive returns, Tiger considers it prudent to postpone the expansion until the forecast balance sheet ratios comfortably support the required capital expenditure profile. Postponement of the expansion will enhance balance sheet strength as net cash flow from the existing 25,000ktpa production will reduce the level of net debt. In addition to the deferral of capital expenditure associated with the expansion, the current SXEW operations will continue to process ore from existing stockpiles at Kipoi, thereby extending the period before recommencing mining activities.

Tiger Resources Ltd. Reports Consolidated Cash Flow Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Cash Flow Guidance for the Year 2015

Tiger Resources Ltd. reported consolidated cash flow results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net operating cash used of $6,550,000. Payment for purchases of equity investments were $6,500,000. Payment for purchases of other fixed assets was $24,675,000. For the nine months, the company reported net operating cash flows of $9,771,000. Payment for purchases of equity investments were $6,500,000. Payment for purchases of other fixed assets was $79,021,000. Payment for purchases of mine properties was $4,750,000. For the year 2015, the company expects exploration and evaluation of $500,000.

Tiger Resources Plans to Buy Rest of 40% Stake in Kipoi Copper Project

Tiger Resources announced its plans to buy the remaining 40% interest in the Kipoi Copper Project in the Democratic Republic of Congo for USD 111 million. It is expected that with this acquisition, Tiger s attributable copper reserves will increase to 737,000 tones.

 

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TGS Competitors

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Company Last Change
Aditya Birla Minerals Ltd A$0.21 AUD +0.005
Altona Mining Ltd A$0.23 AUD -0.005
Hillgrove Resources Ltd A$0.44 AUD +0.01
Medusa Mining Ltd A$0.63 AUD -0.035
Tribune Resources Ltd A$2.50 AUD 0.00
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Industry Analysis

TGS

Industry Average

Valuation TGS Industry Range
Price/Earnings 4.5x
Price/Sales 0.6x
Price/Book 0.5x
Price/Cash Flow 6.4x
TEV/Sales NM Not Meaningful
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