Audited Financial Results for the year ended 30 June 2021
MC Mining Limited
(Incorporated and registered in Australia)
Registration number ABN 98 008 905 388
ISIN: AU000000MCM9
JSE share code: MCZ ASX/AIM code: MCM
(“MC Mining” or “the Company”)
All amounts are in US Dollars unless otherwise stated
AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED 30 JUNE 2021
Salient features
Revenue increased by 20% to $20.7 million from $17.2 million in the prior corresponding period.
Operating loss before interest increased by 8% to $10.7 million from the $9.9 million in the prior
corresponding period.
Loss per share from continuing operations and discontinued operations decreased by 9% to 7.76
cents per share, from 8.55 cents per share in the prior corresponding period.
Headline loss per share decreased by 57% to 3.33 cents per share from 7.83 cents per share in the
prior corresponding period.
Net asset value increased by 8% to $106.5 million from $98.9 million in the prior corresponding
period.
No dividend was declared for the year ended 30 June 2021 (FY2020: Nil)
Attention is drawn to the disclosure in the annual financial statements on the going concern
assumptions.
Regulatory requirements
This short form announcement, which is the responsibility of MC Mining's directors, is only a
summary of information in the full announcement and does not contain full or complete details. Any
investment decisions by shareholders and/or investors should be based on consideration of the full
announcement.
The full announcement can be found at:
https://senspdf.jse.co.za/documents/2021/JSE/ISSE/MCZE/FY2021.pdf.
The full announcement is also available for viewing on the company's website at
http://www.mcmining.co.za/component/jdownloads/send/99-2021/1645-afs-year-ended-30-june-
2021 or a copy may be requested in person, at the company's registered office or the office of the
sponsor, at no charge, during office hours. Copies of the full announcement may also be requested
from the Company’s group investor relations at investor@mcmining.co.za.
The information in this announcement has been extracted from the audited Group financial results
for the year ended 30 June 2021, but the short-form announcement itself has not been reviewed by
the Company's auditors.
PricewaterhouseCoopers Australia, the group's independent auditor, has audited the consolidated
annual financial statements of the group from which the abridged consolidated results contained in
this report have been derived, and has expressed an unmodified audit opinion on the consolidated
annual financial statements but have drawn attention to a material uncertainty around the Going
Concern.
The abridged consolidated financial results comprise the statements of financial position at 30 June
2021 and the statements of comprehensive income and cash flows for the year then ended. A copy of
the auditor's report is available for inspection at MC Mining Limited’s registered office and
http://www.mcmining.co.za/component/jdownloads/send/99-2021/1645-afs-year-ended-30-june-
2021. The auditor's report does not necessarily report on all of the information contained in the
abridged consolidated annual results. Shareholders are therefore advised to obtain a copy of the
auditor's report and key audit matters together with the accompanying financial information from MC
Mining Limited’s registered office.
Sponsor
Investec Bank Limited
1 October 2021
Date: 01-10-2021 07:05:00
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