Taung Gold International Limited
0621.HK
Hong Kong Stock Exchange0.54
HKD
- -
- -
Taung Gold International Limited
0621.HK
(Hong Kong Stock Exchange)
Recent
price
0.54
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- Taung Gold International Limited is an investment holding company principally engaged in gold exploration, development and mining of gold and associated minerals in South Africa, as well as trading of minerals. The company operates through two reportable segments, including gold exploration and development in South Africa and trading of minerals; its flagship properties comprise the Evander project, consisting of the No. 6 Shaft area and adjacent Twistdraai area located in the Evander Goldfield on the northeastern limb of the Witwatersrand Basin, and the Jeanette project situated in the Free State province of South Africa, with combined measured and indicated mineral resources exceeding 24 million ounces of gold. Taung Gold International holds mining rights through wholly-owned subsidiaries Taung Gold Secunda (Pty) Limited for the Evander project (Mining Right No. 107/2010, registered November 2013) and Taung Gold Free State (Pty) Limited for the Jeanette project (Mining Right No. 33/2017, registered December 2017); it targets development into high-grade, low-cost, long-life gold mines, with updated Minxcon studies indicating for Jeanette 6.4 million ounces recoverable over 22 years at AISC of US$591/oz and initial capital of US$806 million, and for Evander 4.1 million ounces over 20 years at AISC of US$774/oz and initial capital of US$891 million. The company was incorporated in 1995 and is headquartered in Tsuen Wan, Hong Kong. Recent developments include a share consolidation effective 8 August 2025, consolidating every 10 existing shares of HK$0.01 into one share of HK$0.10, reducing issued shares from 18.15 billion to 1.82 billion; ongoing discussions with Metallurgical Corporation of China Ltd (MCC) to refine mining plans and financing for both projects based on Minxcon updates, targeting Jeanette financing in 3Q2025-2Q2026, construction 3Q2026-end-2028 and production 2029-2050, and Evander research through 4Q2026 followed by financing in 2027; parallel engagements with PRC state-owned contractors A and B, including site visits and due diligence completed in 2025 for potential EPC contracts on Jeanette; change of auditor announced in April 2025; and resumption of trading in November 2024 after fulfilling HKEX guidance, with unaudited interim results for six months ended 30 September 2025 reporting a HK$7.4 million loss attributable to owners.