western areas nl (WSA:ASX)
western areas nl (WSA) Snapshot
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Open
A$3.01
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Previous Close
A$3.04
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Day High
A$3.06
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Day Low
A$2.84
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52 Week High
10/10/12 - A$4.82
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52 Week Low
04/18/13 - A$2.49
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Market Cap
566.9M
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Average Volume 10 Days
683.2K
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EPS TTM
A$0.10
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Shares Outstanding
196.8M
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EX-Date
03/8/13
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P/E TM
28.5x
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Dividend
A$0.10
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Dividend Yield
3.34%
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Related News
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Western Areas Limited, together with its subsidiaries, engages in the mining, processing, and sale of nickel sulphide concentrate primarily in Australia. It is also involved in the development of nickel mines; the exploration for nickel sulphides and platinum group metals; and the development of base metals projects in Australia, Canada, and Finland. The company principally owns interest in the Forrestania nickel project in Australia. In addition, Western Areas Limited, through its joint ventures, explores for gold and copper deposits. It has a strategic alliance with Jinchuan Group co.,ltd. for the development of global mining opportunities, including the exploration, development and operation of base metal projects. The company was founded in 1999 and is headquartered in West Perth, Australia.
western areas nl (WSA) Top Compensated Officers
western areas nl (WSA) Key Developments
Western Areas Limited reported cash flow from operations and production results for the quarter ended March 31, 2013. Total mine production for the quarter was 7,146 tonnes of nickel in ore at an average grade of 5.0% against 6,957 tonnes for the quarter ended December 2012. This comprised Flying Fox 4,081 nickel tonnes and Spotted Quoll 3,065 nickel tonnes in ore respectively against Flying Fox 4,380 nickel tonnes and Spotted Quoll 2,577 nickel tonnes in ore for the quarter ended December 2012. Total nickel in concentrate produced from the mill was 6,611 nickel tonnes at a unit cash cost of AUD 2.86/lb. Flying Fox mine production was 82,668 tonnes of ore mined at 4.9% for 4,081 tonnes (9.0M lbs) contained nickel. Spotted Quoll underground mine production was 59,335 ore tonnes at 5.2% against 50,907 ore tones at 5.1% for the quarter ended December 2012. Total nickel sales comprised 48,639 tonnes of concentrate containing 6,845 tonnes (15.1M lbs) nickel. The company remains on track to meet its upgraded guidance of 27,500 tonnes of nickel in ore for fiscal 2013. Cash flow from operations was AUD 26.7 million for the quarter, demonstrating the ability of the company to generate strong cash flows despite the impact of the high AUD on the realized nickel price. As previously announced, the company completed a significant amount of heavy lifting in the first half of the financial year from a capital expenditure perspective with the ramp up of Spotted Quoll underground mine, the completion of the new paste fill plant and the completion of the new haul road. As a result, total capital and mine development expenditure was reduced AUD 19.4 million for the March quarter, and came in at AUD 15.6 million for the quarter including AUD 5 million on exploration. The company declared fully franked interim dividend of 2 cents per share.
Western Areas Limited Presents at Merrill Lynch 30th Annual Global Metals, Mining & Steel Conference, May-14-2013 . Venue: Hotel Arts, Marina 19 – 21, Barcelona 08005, Spain.
Western Areas Limited Presents at Australia Conference, May-01-2013 . Venue: Hilton Hotel Sydney, Sydney, Australia.
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Industry Analysis
WSA
Industry Average
| Valuation | WSA | Industry Range |
| Price/Earnings | 29.3x |
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| Price/Sales | 1.6x |
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| Price/Book | 1.7x |
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| Price/Cash Flow | 23.4x |
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| TEV/Sales | 0.6x |
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To contact WESTERN AREAS NL, please visit www.westernareas.com.au. Company data is provided by Capital IQ. Please use this form to report any data issues.
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