Welcome to our dedicated page for Goldmoney news (Ticker: XAUMF), a resource for investors and traders seeking the latest updates and insights on Goldmoney stock.
Goldmoney Inc. (XAUMF, TSX: XAU) generates a steady flow of news related to its focus on enduring real assets, precious metals trading, and property investment. Company announcements frequently highlight financial results prepared under IFRS Accounting Standards, along with non-IFRS measures such as Tangible Equity or Tangible Capital and Non-IFRS Adjusted Net Income.
Investors following Goldmoney’s news can expect regular updates on quarterly and annual performance, including metrics related to tangible capital, operating income, and adjusted net income. The company’s releases often explain how these non-IFRS measures are defined and provide references to reconciliations in its management’s discussion and analysis on SEDAR+.
Goldmoney’s news flow also covers capital allocation decisions, particularly normal course issuer bids (NCIBs) approved by the Toronto Stock Exchange. These announcements detail the size of each NCIB, the proportion of the public float it represents, and the board’s stated rationale for repurchasing shares when market prices may not reflect underlying value. Completed NCIBs are summarized with information on the number of shares repurchased and volume-weighted average prices.
Another key theme in Goldmoney’s news is its property investment activity through Goldmoney Properties Ltd., including disclosures about material acquisitions such as the Clarendon Quarter portfolio in Oxford, United Kingdom, and related financing arrangements. Corporate governance developments, such as annual meeting results, director elections, auditor appointments, and approvals of equity incentive plans, are also reported.
By reviewing the XAUMF news feed, readers can monitor Goldmoney’s financial performance, share repurchase activity, real estate transactions, and structural decisions like its continuance into the British Virgin Islands, all based on the company’s own official communications.
Goldmoney Inc. (TSX: XAU) (US: XAUMF) has announced a normal course issuer bid (NCIB) to repurchase up to 864,862 common shares, representing 10% of its public float. The NCIB will run from September 23, 2024, to September 22, 2025. Shares will be purchased on the TSX and alternative Canadian trading systems at market rates and subsequently cancelled. Goldmoney can repurchase up to 2,994 shares daily, with exceptions for block purchases. The company's Board believes this action may enhance shareholder value when opportunities arise. Under a previous NCIB, Goldmoney repurchased 744,500 shares at an average price of $8.10.
Goldmoney Inc. (TSX: XAU) (US: XAUMF) held its annual general and special meeting of shareholders on September 16, 2024. The meeting saw a 59.88% representation of issued and outstanding common shares. Shareholders approved setting the board of directors at five members, with all proposed directors elected. The appointment of KPMG LLP as auditors was also approved. Notably, shareholders passed a special resolution to transfer the company's governing corporate law from British Columbia to the British Virgin Islands, with 98.3% votes in favor. Management plans to implement this change promptly.
Goldmoney Inc. (TSX: XAU) (US: XAUMF) has announced its upcoming annual general and special meeting (AGSM) on September 16, 2024. The company is proposing a continuance into the British Virgin Islands (BVI), which shareholders will vote on. This move is believed to be in the company's best interest, allowing for more efficient capital returns and simplified management of subsidiaries. Key points:
- Shareholder votes due by September 12, 2024, at 1:00 p.m. Toronto time
- Over 90% of share capital owned by non-Canadian beneficial owners
- Common shares will remain listed on the Toronto Stock Exchange
- The continuance will affect certain shareholder rights under the current BCBCA
Shareholders are advised to consult legal advisors regarding the implications of this change.
Goldmoney Inc. (TSX: XAU) (US: XAUMF) has reported strong financial results for Q1 fiscal 2025, ending June 30, 2024. Key highlights include:
- Group Tangible Capital increased by 6.1% QoQ to $133.8 million
- Group Tangible Capital per Share rose 6.7% QoQ to $10.24
- Adjusted Net Income grew 57.1% QoQ to $6.6 million
- The company completed its NCIB, repurchasing and cancelling 865,909 shares since June 30, 2023
These results demonstrate Goldmoney's strong financial position and commitment to shareholder value. The company's performance metrics show consistent growth in tangible equity and earnings per share, both including and excluding its MENE subsidiary.
Goldmoney Inc. (TSX: XAU, US: XAUMF) reported its fiscal year 2024 financial results ending March 31, 2024. The company announced a Group Tangible Capital of $126 million, an 11% year-over-year (YoY) decrease. Group Tangible Capital per Share dropped 5.5% to $9.60 YoY but excluding MENE, it rose 4.4% to $8.03. Adjusted Net Income increased 15% YoY to $16.7 million. The company repurchased and canceled 726,160 shares at an average price of $8.46 and canceled an additional 212,600 shares from the SchiffGold divestiture, reducing shares outstanding by 6.1% YoY. Precious metal revenue fell to $59.3 million from $84.8 million the prior year, while total revenue decreased to $68.2 million from $86.6 million. Net income reflected a loss of $22.1 million, compared to a $5.3 million profit in the previous year. Goldmoney’s total assets were $185.5 million, up from $176.1 million the prior year, and total liabilities rose to $44.3 million from $3.9 million last year.
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