See more : Ecograf Ltd (EGR.AX) Income Statement Analysis – Financial Results
Complete financial analysis of Mkango Resources Ltd. (MKNGF) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Mkango Resources Ltd., a leading company in the Industrial Materials industry within the Basic Materials sector.
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Mkango Resources Ltd. (MKNGF)
About Mkango Resources Ltd.
Mkango Resources Ltd., together with its subsidiaries, explores for and develops rare earth elements and associated minerals in the Republic of Malawi, Africa. It explores for uranium, tantalum, niobium, zircon, nickel, cobalt, rutile, graphite, and gold ores. The company's flagship project is the Songwe Hill property within the Phalombe exploration license located in southeast Malawi. It also holds 100% interests in the Thambani, Chimimbe Hill, and Mchinji licenses. The company is based in Vancouver, Canada.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.74K | 1.91K | 3.57K |
| Cost of Revenue | 257.75K | 17.67K | 31.27K | 33.00K | 30.52K | 24.58K | 11.56K | 10.73K | 4.89K | 1.25K | 1.26K | 2.46K | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -257.75K | -17.67K | -31.27K | -33.00K | -30.52K | -24.58K | -11.56K | -10.73K | -4.89K | -1.25K | -1.26K | -2.46K | 0.00 | 1.74K | 1.91K | 3.57K |
| Gross Profit Ratio | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 26.35K | 389.26K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 4.13M | 3.47M | 3.52M | 1.75M | 1.78M | 1.90M | 1.14M | 1.04M | 769.04K | 1.57M | 1.37M | 1.50M | 2.11M | 602.55K | 32.61K | 169.97K |
| Selling & Marketing | 358.54K | 2.15M | 5.52M | 2.56M | 1.80M | 4.21M | 293.06K | 91.83K | 62.62K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -25.56K | 0.00 |
| SG&A | 4.49M | 5.62M | 9.04M | 4.30M | 3.58M | 6.11M | 1.43M | 1.13M | 831.66K | 1.57M | 1.37M | 1.50M | 2.11M | 602.55K | 7.05K | 169.97K |
| Other Expenses | 0.00 | -24.32K | -17.12K | -49.58K | -95.83K | -97.66K | -28.00K | -343.30K | 0.00 | 0.00 | 0.00 | 15.34K | 769.19K | -67.80K | 0.00 | 0.00 |
| Operating Expenses | 4.49M | 5.62M | 9.04M | 4.30M | 3.61M | 6.50M | 1.43M | 1.13M | 831.66K | 2.52M | 2.14M | 3.75M | 4.18M | 602.55K | 7.05K | 169.97K |
| Cost & Expenses | 4.49M | 5.64M | 9.07M | 4.34M | 3.64M | 6.52M | 1.44M | 1.14M | 836.55K | 2.53M | 2.14M | 3.75M | 4.18M | 602.55K | 7.05K | 169.97K |
| Interest Income | 58.30 | 24.01 | 11.04K | 9.10K | 100.28 | 1.01K | 9.00 | 7.00 | 8.00 | 346.00 | 15.00 | 2.37K | 14.15K | 1.74K | 1.91K | 0.00 |
| Interest Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 23.26K | 70.73K | 23.24K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 257.75K | 17.67K | 31.27K | 33.00K | 30.52K | 24.58K | 11.56K | 10.73K | 4.89K | 1.25K | 1.26K | 2.46K | 1.25K | 0.00 | 0.00 | 0.00 |
| EBITDA | -4.24M | -5.66M | -9.21M | -4.21M | -3.08M | -6.76M | -1.43M | -812.64K | 493.29K | -2.20M | -1.84M | -2.87M | -3.31M | -602.55K | -7.05K | -166.40K |
| EBITDA Ratio | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -34,689.35% | -369.18% | -4,667.25% |
| Operating Income | -4.49M | -5.64M | -9.07M | -4.34M | -3.64M | -6.52M | -1.44M | -1.14M | -836.55K | -2.53K | -2.14K | -4.63M | -4.94M | -602.55K | -7.05K | -166.40K |
| Operating Income Ratio | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -34,689.35% | -369.18% | -4,667.25% |
| Total Other Income/Expenses | 254.47K | 198.04K | -177.92K | -120.30K | 542.40K | -328.66K | -1.15M | 295.03K | 1.43M | 211.54K | 245.42K | 908.10K | 652.79K | 272.15K | 0.00 | 166.40K |
| Income Before Tax | -4.24M | -5.67M | -9.24M | -4.24M | -3.11M | -6.81M | -2.62M | -846.60K | 488.41K | -2.31M | -1.90M | -2.86M | -3.41M | -670.35K | 0.00 | 0.00 |
| Income Before Tax Ratio | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -38,592.57% | 0.00% | 0.00% |
| Income Tax Expense | -60.18K | 74.25K | -2.90M | -1.88M | -1.40M | -1.38M | -2.56 | -11.48 | -12.53 | -212.79K | -246.68K | -877.87K | -771.24K | 93.11K | 7.05K | 166.40K |
| Net Income | -4.06M | -5.75M | -6.35M | -2.37M | -1.71M | -5.43M | -2.62M | -846.60K | 530.29K | -2.31M | -1.90M | -2.86M | -3.41M | -763.46K | -7.05K | -166.40K |
| Net Income Ratio | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -43,953.02% | -369.18% | -4,667.25% |
| EPS | -0.02 | -0.03 | -0.04 | -0.02 | -0.01 | -0.05 | -0.03 | -0.01 | 0.03 | -0.10 | -0.12 | -0.23 | -0.27 | -2.03 | -0.01 | -0.32 |
| EPS Diluted | -0.02 | -0.03 | -0.04 | -0.02 | -0.01 | -0.05 | -0.03 | -0.01 | 0.03 | -0.10 | -0.12 | -0.23 | -0.27 | -2.03 | -0.01 | -0.32 |
| Weighted Avg Shares Out | 238.76M | 215.09M | 153.12M | 133.00M | 124.17M | 108.90M | 87.00M | 57.16M | 29.93M | 22.65M | 15.81M | 12.48M | 12.47M | 375.47K | 666.67K | 518.03K |
| Weighted Avg Shares Out (Dil) | 238.76M | 215.09M | 153.12M | 133.00M | 124.17M | 108.90M | 87.00M | 57.16M | 29.93M | 22.65M | 15.81M | 12.48M | 12.47M | 375.47K | 666.67K | 518.03K |
Mkango Resources Limited Announces Update to Admission Date of Placement Shares
LONDON, UK and VANCOUVER, BC / ACCESSWIRE / November 8, 2024 / Mkango Resources Ltd. (AIM:MKA)(TSXV:MKA) (the "Company" or "Mkango") notes that further to its announcement of 28 October 2024, due to administrative delays, admission of the 1,583,332 common shares...
Mkango Resources Limited Announces Executive Compensation and Issue of Shares
LONDON, UK and VANCOUVER, BC / ACCESSWIRE / October 28, 2024 / Mkango Resources Ltd. (AIM:MKA)(TSX-V:MKA) (the "Company" or "Mkango") announces that in connection with the reduction in executive management salaries and associated bonus scheme as announced on 10 May...
Mkango Resources Limited Announces Appointment of New Auditors
LONDON, UK and VANCOUVER, BC / ACCESSWIRE / October 17, 2024 / Mkango Resources Ltd. (AIM:MKA)(TSX-V:MKA) ("Mkango" or the "Company") announces the appointment, effective 11 October 2024, of MNP LLP ("MNP") as its independent auditor for the financial year ending...
Mkango Resources Limited Announces Hypromag and Mkango Rare Earths Secure Uk Grant
Highlights HyProMag Ltd ("HyProMag") and Mkango Rare Earths UK Ltd ("Mkango UK") have been awarded grants totalling £218,932 by Innovate UK to advance their medium-loop (via remelting) and long-loop (via chemical processing) rare earth magnet recycling routes - both underpinned...
Mkango Resources Limited Announces HyProMag to Participate in £11M Pulse Project
HYPROMAG TO PARTICIPATE IN£11MILLION GRANT FUNDED PROJECT: POWER-ELECTRONICS UPSCALE FOR LOCALISATION AND SUSTAINABLE ELECTRIFICATION (PULSE) Highlights HyProMag, a pioneering rare earth magnet recycler and manufacturer, is participating in the £11 million PULSE project (the "Project"), which is part funded by...
Mkango Resources Limited Announces Maginito Secures Exclusive Agreement with Inserma
Maginito Ltd ("Maginito") (Mkango 79.4%, CoTec 20.6%) and Inserma Anoia S.L ("Inserma")have entered into a binding and exclusive agreement (the "Agreement") to collaborate on the optimisation, commercialisation and roll-out of pre-processing technologies for HyProMag in the United Kingdom, Germany, the...
Mkango Resources Limited Announces Hypromag Gmbh to Participate in Greene Project
HYPROMAG GMBH TO PARTICIPATE IN GROUNDBREAKING€8 MILLION GRANT FUNDED PROJECT: RE-ENGINEERING PERMANENT MAGNETS FOR THE GREEN TRANSITION (GREENE) Highlights HyProMag GmbH is participating in the €8 million GREENE project (the "Project"), funded by the European Commission's Horizon Europe Programme, with...
Mkango Resources Limited Announces Holding(s) in Company
LONDON, UK / ACCESSWIRE / August 2, 2024 / TR-1: Standard form for notification of major holdings: NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible) i 1a....
Mkango Resources jumps 40% on Songwe HIll permit award
Mkango Resources Ltd (AIM:MKA, TSX-V:MKA, OTC:MKNGF) soared more than 40% as it confirmed the Government of Malawi had signed a mining development agreement (MDA (TSX:MDA)) for its Songwe Hill rare earths project. The signing ceremony was held at the Office...
Mkango Resources Limited Announces Hypromag Commissioning Update For UK Plant
Highlights Commissioning of the short-loop magnet recycling and manufacturing plant at Tyseley Energy Park is continuing to advance with past and upcoming major milestones as follows: Magnet manufacturing presses delivered and commissioned in December 2023 Powder processing (sieving, blending, jet...
Source: https://incomestatements.info
Category: Stock Reports