Padenga Holdings transformed itself from a small farm company into a gold mining giant. The company made record profits last year through December 2024. Its income jumped 43 percent to $223 million, while profits shot up almost 400 percent to $40 million. The mining part of the business brought in most of that money, at $195 million.
Gold production increased 29 percent to 2,740 kilograms as gold prices reached $3,133 per ounce early this year. The company still runs crocodile farms that make slightly more money despite selling fewer skins. These skins sold for much higher prices, showing they remain luxury items. Mining accounts for 86 percent of company earnings compared to just 14 percent from farming.
The company became much more efficient, with better profit margins across all areas. Cash flow improved 45 percent as the company paid down its debts. Padenga has four times more cash than before. The company spent money on expanding mines and adding solar power to cut costs. Financial experts think gold prices will keep rising toward $3,350 per ounce.
Stock shares cost 25.5 cents each on April 11. Based on the company outlook, analysts believe they should be worth almost 10 percent more. They recommend buying shares because the price seems low compared to expected earnings.
Gold production increased 29 percent to 2,740 kilograms as gold prices reached $3,133 per ounce early this year. The company still runs crocodile farms that make slightly more money despite selling fewer skins. These skins sold for much higher prices, showing they remain luxury items. Mining accounts for 86 percent of company earnings compared to just 14 percent from farming.
The company became much more efficient, with better profit margins across all areas. Cash flow improved 45 percent as the company paid down its debts. Padenga has four times more cash than before. The company spent money on expanding mines and adding solar power to cut costs. Financial experts think gold prices will keep rising toward $3,350 per ounce.
Stock shares cost 25.5 cents each on April 11. Based on the company outlook, analysts believe they should be worth almost 10 percent more. They recommend buying shares because the price seems low compared to expected earnings.
