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La Mancha Resources Inc.: SWOT Analysis & Company Profile

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Business Review’s La Mancha Resources Inc contains a company overview, key facts, locations and subsidiaries, news and events as well as a SWOT analysis of the company.

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									La Mancha Resources Inc.

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La Mancha Resources Inc.: SWOT Analysis
& Company Profile


Reference code: BRMN0167CP10-Q2

Published: Oct 2010




Business Review
John Carpenter House
7 Carmelite Street
London EC4Y 0BS
United Kingdom
Tel: +44 (0) 20 7936 6400
Fax: +44 (0) 20 7336 6813



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La Mancha Resources Inc. - SWOT Profile                                             Page 1
La Mancha Resources Inc.

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La Mancha Resources Inc. - Company Overview

   La Mancha Resources Inc. (La Mancha) is a Canada-based mining company that has operations, development projects
and exploration activities in Africa, Australia and Argentina. The company operates three gold mines, namely, the Hassai
Mine in Sudan, the Ity Mine in Cote d’Ivoire and Frog’s Leg Mine in Australia. La Mancha has total measured and
indicated resources of 1.8 million ounces of gold and annual production of around 95,000 ounces of gold. In addition, La
Mancha’s White Foil Gold Mine Development Project in Australia is in the advanced stage. The company also has 30
exploration properties in Sudan, Australia, Cote d’Ivoire and Argentina. La Mancha is headquartered in Montreal, Canada.


Financial Performance

The company reported revenues of (Canadian Dollars) CAD 105.42 million during the fiscal year ended December 2009,
an increase of 96.54% over 2008. The company’s revenue grew at a CAGR of 47.49% during the period 2007-2009.
During the fiscal year 2009, its operating margin was 20.89%, as against the operating margin of -2.11% during the fiscal
year 2008. Moreover, during the fiscal year 2009, the company’s net profit margin was 10.79%, as against the net profit
margin of -10.08% during the fiscal year 2008.




La Mancha Resources Inc. - Key Facts

La Mancha Resources Inc., Key Facts

                                  2001, rue University,, Montreal,
                                                                     Ticker Symbol, Stock
Corporate Address:                                                                              LMA (Toronto Stock Exchange)
                                  Quebec (QC), H3A 2A6, Canada Exchange



Telephone                         + 1 514 9875115                    No. of Employees           1,250



Fax                               + 1 514 9875119                    Financial Year End         December



URL                               www.lamancha.ca                    Revenue (in CAD Million)   105.42



Industry                          Metals and Mining                  Revenue (in USD Million)   105.42



Locations                         Australia, Cote d'Ivoire, Sudan, Canada, Argentina

Source: Annual Report, Company Website, Primary and Secondary Research




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La Mancha Resources Inc. - SWOT Profile                                                                               Page 2
La Mancha Resources Inc.

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La Mancha Resources Inc. - Business Description

La Mancha Resources Inc. (La Mancha) is engaged in mine operation, project development and exploration activities in
Africa, Australia and Argentina.

La Mancha is focused in gold mining and exploration. The company’s reporting segments are - Cote d’Ivoire, Sudan,
Australia, Argentina and Others. The Cote d’Ivoire and Sudan segments each have one major customer, who provides the
majority of the segment’s revenue.

La Mancha’s Cote d’Ivoire operations are concerned with the company’s joint venture interest (45.9%) in Societe des
Mines d’Ity (SIM), which operates the Ity gold mine and holds several exploration interests. The Ity gold mine is located
about 700 kilometers from the city of Abidjan, in the Zouan-Hounien department of western Cote d’Ivoire. The open pit
mine has produced over 600,000 ounces of gold till date, mainly from the gold-rich laterites and saprolites from the
Flotouo–Zia deposit. The Mount Ity pit with saprolite deposits has most of the reserves of the mine. The company’s share
in the total proven and probable resources of the mine is 0.89 million tonnes at an average grade of 5.63 grams/tonne of
gold. In addition, the company controls five exploration tenements totaling 3,591 square kilometers in Cote d’Ivoire. In
2009, La Mancha earned revenues of approximately CAD 27.35 million from this segment, while it earned revenues of
CAD 22.31 million in 2008.

The company’s Sudan operations are concerned with the company’s joint venture interest (40%) in Ariab Mining
Company (AMC), which operates the Hassai mines and holds several exploration interests. The Hassai mines are located
about 450 kilometers from the city of Khartoum, in the Red Sea Hills desert of north-eastern Sudan. The main deposits in
the mine are Hassai North, Hadal Awatib pits, and the Kamoeb pit. The company’s share in the total proven and probable
resources of the mine is 1.01 million tonnes at an average grade of 5.03 grams/tonne of gold. In addition, the company
has a VMS Exploration Program in the Hassai pits and Hadal Awatib pits. In 2009, La Mancha earned revenues of
approximately CAD 27.02 million from this segment, while it earned revenues of CAD 27.34 million in 2008.

The Australian operations comprise activities of its wholly-owned subsidiary, La Mancha Resources Australia Pty Ltd.
(LMRA). LMRA’s mining operations in Australia include its two principal properties, namely, Frog’s Leg Mine and White
Foil Gold Mine Development Project and other exploration interests. The Frog’s Leg Mine is located 20 kilometers west of
the city of Kalgoorlie-Boulder, in Western Australia. La Mancha is the 51% owner and operator of the project to develop
the Frog’s Leg Mine, while 49% is held by Dioro The company’s share in the total proven and probable resources of the
Frog’s Leg mine is 2.21 million tonnes at an average grade of 5.11 grams/tonne of gold.
The White Foil Mine is located about 20 kilometers, west of the city of Kalgoorlie-Boulder in Western Australia. The mine
has proven and probable reserves of 0.98 million tonnes at average grade of 2.41 grams/tonne of gold. In addition, in the
Kalgoorlie area, La Mancha is exploring the Park Dam North tenements that it co-owns with Barrick Gold Corporation,
along with other prospects in Queensland. In 2009, La Mancha earned revenues of approximately CAD 48.48 million from
this segment, while it earned revenues of CAD 1.50 million in 2008.

The Argentinean operations include that of its wholly-owned subsidiary Compania Minera Esperanza S.A which is mainly
into exploration of the La Ortiguita property, located on the El Indio trend with gold and silver deposits. The company has
yet to make revenues from this segment.

Other operations of the company include corporate risk management, treasury and support activities, unallocated assets
situated in France and Canada, and inter-segment eliminations. In 2009, La Mancha earned revenues of CAD 2.56 million
from this segment, while it earned revenues of CAD 2.47 million in 2008.

Recently, the company reported positive Preliminary Economic Assessment for each of the two phases of its
Volcanogenic Massive Sulphide project at Hassai mine in Sudan. It also discovered new gold mineralization zone at the
Kintore project in Western Australia.




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La Mancha Resources Inc. - SWOT Profile                                                                           Page 3
La Mancha Resources Inc.

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La Mancha Resources Inc. - Major Products and Services

La Mancha Resources Inc. is engaged in mine operation, project development and exploration activities in Africa,
Australia and Argentina. The key products of the company inlcude the following:

La Mancha Resources Inc., Major Products and Services
Products:

Gold

Silver
Source: Annual Report, Company Website, Primary and Secondary Research




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