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Metals Exploration Plc

www: www.metalsexploration.com   email: info@metalsexploration.com
Category: Junior: Emerging Mid-tier Producer
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Symbol Data

Symbol Currency
LON:MTL GBX

Description

Metals Exploration Plc are a gold focused junior, emerging mid-tier producer with one producing mine in Philippines and one mine in development in Nicaragua. Currently they produce roughly 70koz. of gold per year. They have approximately 0.4Moz. of gold in the reserves and resources category of which 0.4Moz. are in the measured and indicated category. They have a market capitalisation of ~£501.6M which is a fall of roughly 1% over the last two months. As of 08/25/2025 they have no debt and ~£40.71M cash. They have 2,935M shares outstanding and trade on the London Stock Exchange.

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General Details

Financial 08/25/2025
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
MCap (FD): $507.41M $501.60M 08/25/2025 $-5.81M
MCap (OS): $505.69M $499.90M 08/25/2025 $-5.79M
Total Assets: $167.87M $164.15M 08/25/2025 $-3.71M
Total Liabilities: $40.29M $39.40M 08/25/2025 $-0.89M
Current Assets: $41.63M $40.71M 08/25/2025 $-0.92M
Current Liabilities: $41.63M $40.71M 08/25/2025 $-0.92M
Total Debt: $0.00M $0.00M 08/25/2025 $0.00M
Cash: $41.63M $40.71M 08/25/2025 $-0.92M
Debt (Net): $-41.63M $-40.71M $0.92M
Enterprise Value: $465.78M $460.89M 08/09/1984 $-4.89M
Cash Flow: $123.42M $166.34M never $42.92M
Cash Flow Multiple: 4.11 3.02 never -1.10
Net Debt to
Cash Flow Ratio:
n/a n/a never 0.00
Finance within 1 year: 08/25/2025 n/a
Misc 08/25/2025
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Shares Outstanding: 2,935,000,000 2,935,000,000 08/25/2025 0
Shares (FD): 2,945,000,000 2,945,000,000 08/25/2025 0
Insider Ownership: n/a n/a never n/a
Dividend (Annual): n/a n/a never n/a
Company Type: Mostly Gold Mostly Gold never n/a
Group: Producer Producer never n/a
Production ETA: n/a n/a 08/25/2025 n/a
Production (Gold Eq Oz.): (guess) 
70,000
(guess) 
70,000
08/25/2025 0
Production (Silver Eq Oz.): (guess) 
6,073,818
(guess) 
5,771,074
08/25/2025 -302,744
Development Phase: none Producer (Single Mine) 08/24/2025 n/a
Optionality Play: none No
F
U
T
U
R
E
% of Spot: 15
Producer: Average
15
Producer: Average
08/19/2024 0
Cash Flow Multiple: 6 6 08/24/2025 0.00

Resource Data

GOLD 08/25/2025
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
O
U
N
C
E
S
T
O
T
A
L
Proven & Probable: 2.00M 2.00M 08/25/2025 0.00M
Measured & Indicated: 0.40M 0.40M 08/25/2025 0.00M
Inferred: n/a n/a 08/25/2025 0.00M
Reserves & Resources: 0.40M 0.40M never 0.00M
P
L
A
U
S
I
B
L
E
Proven & Probable: 1.80M 1.80M 08/25/2025 0.00M
Measured & Indicated: 0.65M 0.65M 08/25/2025 0.00M
Inferred: n/a n/a 08/25/2025 0.00M
Reserves & Resources: 0.65M 0.65M never 0.00M
C
U
R
R
E
N
T
Annual Production: (guess) 
70,000oz.
(guess) 
70,000oz.
08/25/2025 0oz.
Cash Cost: $1,000 $1,000 08/25/2025 $0.00
Extra Operating Cost: $600 $600 08/25/2025 $0.00
Total: $1,600 $1,600 08/25/2025 $0.00
Margin (Free Cash Flow): $1,763 (52%) $2,376 (60%) $613.11
MCap / Production (AuEq): $7,248.77 $7,165.73 $-83.05
EV / Production (AuEq): $6,654.05 $6,584.17 $-69.89
G
R
A
D
E
Underground (Avg): 3.50 g/t 3.50 g/t 08/25/2025 n/a
Open Pit (Avg): n/a 1.70 g/t 03/25/2024 1.70 g/t
Recovery Rate: (CG)  90.00% (CG)  90.00% 08/25/2025 0.00%
F
U
T
U
R
E
Proven & Probable: 2.00M 2.00M 08/25/2025 0.00M
Annual Production: 125,000oz. 125,000oz. 08/25/2025 0oz.
Cash Cost: $1,100 $1,100 08/25/2025 $0
Extra Operating Cost: $700 $700 08/25/2025 $0
SILVER 08/25/2025
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
O
U
N
C
E
S
T
O
T
A
L
Proven & Probable: n/a n/a 08/25/2025 0.00M
Measured & Indicated: n/a n/a 08/25/2025 0.00M
Inferred: n/a n/a 08/25/2025 0.00M
Reserves & Resources: n/a n/a never 0.00M
P
L
A
U
S
I
B
L
E
Proven & Probable: n/a n/a 08/25/2025 0.00M
Measured & Indicated: n/a n/a 08/25/2025 0.00M
Inferred: n/a n/a 08/25/2025 0.00M
Reserves & Resources: n/a n/a never 0.00M
C
U
R
R
E
N
T
Annual Production: n/a n/a 0oz.
Cash Cost: n/a n/a 08/25/2025 $0.00
Extra Operating Cost: n/a n/a 08/25/2025 $0.00
Total: n/a n/a 08/25/2025 $0.00
Margin (Free Cash Flow): n/a $0.00
MCap / Production (AgEq): $83.54 $86.92 $3.38
EV / Production (AgEq): $76.69 $79.86 $3.18
G
R
A
D
E
Underground (Avg): n/a n/a 08/25/2025 n/a
Open Pit (Avg): n/a n/a 08/07/2023 n/a
Recovery Rate: n/a n/a 08/25/2025 0.00%
F
U
T
U
R
E
Proven & Probable: n/a n/a 08/25/2025 0.00M
Annual Production: n/a n/a 08/25/2025 n/a
Cash Cost: n/a n/a 08/25/2025 n/a
Extra Operating Cost: n/a n/a 08/25/2025 n/a

Property

Last Analysis Data  (08/25/2025)
Stage Name Owned
%
NPV
$M
IRR
%
CapEx
$M
Au Ag Cu Notes
Dev La India
100 show
3 million oz deposit.

1.5 million open pit (3 gpt)
1.5 million underground

Construction ready.

PFS: $150 million capex.
$700 cash cost per oz.

Size: 31,300 ha
Prod Runruno
100 show
1 million oz (1.7 gpt) resource.
Current Data
Stage Name Owned
%
NPV
$M
IRR
%
CapEx
$M
Au Ag Cu Notes
Dev La India
100 show
3 million oz deposit.

1.5 million open pit (3 gpt)
1.5 million underground

Construction ready.

PFS: $150 million capex.
$700 cash cost per oz.

Size: 31,300 ha
Prod Runruno
100 show
1 million oz (1.7 gpt) resource.

Profitability (by resource)

Proven &
Probable
08/25/2025
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 2.00M 2.00M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a -8.65M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 1.80M 1.80M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a -7.78M
Maximum Profit (Gold): $3,173.69M $4,277.29M n/a $1,103.60M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $3,173.69M $4,277.29M n/a $1,103.60M
Max Profit / Current MCap: 6.255 8.527 n/a 2.273
Max Profit Per Share (Gold): $1.08 $1.45 n/a $0.37
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $1.08 $1.45 n/a $0.37
Total Free Profit Per Share: $0.00 $0.00 n/a $0.00
FD MCap / Gold Eq.: $281.90 $278.67 n/a $-3.23
FD MCap / Silver Eq.: $3.25 $3.38 n/a $0.13
FD MCap / Per Metal
as % Spot Price:
8.38% 7.01% n/a -1.37%
EV / Gold Eq.: $258.77 $256.05 n/a $-2.72
EV / Silver Eq.: $2.98 $3.11 n/a $0.12
EV / Per Metal
as % Spot Price:
7.69% 6.44% n/a -1.25%
Measured &
Indicated
08/25/2025
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 0.40M 0.40M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a -1.73M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 0.65M 0.65M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a -2.80M
Maximum Profit (Gold): $1,142.53M $1,539.82M n/a $397.30M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $1,142.53M $1,539.82M n/a $397.30M
Max Profit / Current MCap: 2.252 3.070 n/a 0.818
Max Profit Per Share (Gold): $0.39 $0.52 n/a $0.13
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.39 $0.52 n/a $0.13
Total Free Profit Per Share: $0.00 $0.00 n/a $0.00
FD MCap / Gold Eq.: $783.05 $774.08 n/a $-8.97
FD MCap / Silver Eq.: $9.02 $9.39 n/a $0.36
FD MCap / Per Metal
as % Spot Price:
23.28% 19.47% n/a -3.82%
EV / Gold Eq.: $718.80 $711.25 n/a $-7.55
EV / Silver Eq.: $8.28 $8.63 n/a $0.34
EV / Per Metal
as % Spot Price:
21.37% 17.89% n/a -3.49%

Reserves &
Resources
08/25/2025
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 0.40M 0.40M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a -1.73M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 0.65M 0.65M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a -2.80M
Maximum Profit (Gold): $1,142.53M $1,539.82M n/a $397.30M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $1,142.53M $1,539.82M n/a $397.30M
Max Profit / Current MCap: 2.252 3.070 n/a 0.818
Max Profit Per Share (Gold): $0.39 $0.52 n/a $0.13
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.39 $0.52 n/a $0.13
Total Free Profit Per Share: $0.00 $0.00 n/a $0.00
FD MCap / Gold Eq.: $783.05 $774.08 n/a $-8.97
FD MCap / Silver Eq.: $9.02 $9.39 n/a $0.36
FD MCap / Per Metal
as % Spot Price:
23.28% 19.47% n/a -3.82%
EV / Gold Eq.: $718.80 $711.25 n/a $-7.55
EV / Silver Eq.: $8.28 $8.63 n/a $0.34
EV / Per Metal
as % Spot Price:
21.37% 17.89% n/a -3.49%

Future Valuation (Cash Flow & Totals)

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