- The Mupane mine has been sold, and allowed for about $1 million in deleveraging.
- The Galaxy mine is the main event, and production should go to 27k oz in the phase 2, which offers $36 million EBITDA from that mine with other reserves available.
- The Summit acquisition requires a restart, and preliminary assessments are happening this month. It could add another $11 million EBITDA.
- With an EV of $37 million, the company trades slightly above 1x on the Galaxy EBITDA alone.
- There's operating leverage to the gold price, which is somewhat exposed to rising rates, but it's definitely a limited buy only due to liquidity.
For further details see:
Galane Gold Still Trading Slightly Above 1x On EBITDA