Komori
Sumitomo Metal Mining (5713) · RiskRestated

Uncertainty in Mining Investments

First written in FY2016. 3 of 5 entries say "Restated". Latest entry: FY2022.

5entries
7years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2016 – FY2018WorsenedFY20202016: 120162017: 120172018: 120182019: 020192020: 120202021: 020212022: 12022
Same theme, other companies
Uncertainty over Success in Resource Exploration, Development and ProductionA theme 7 companies write about · 9 as a headwind · 0 as a tailwind

2 other companies' latest entry also says "Restated".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
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  1. FY2022RestatedAnnual report

    「地域社会との共存を中心としたソーシャルライセンスの獲得を重視するとともに、長年にわたる探鉱経験及び鉱山評価ノウハウの蓄積に基づく慎重な採算性判断により厳選した投資を実行しております。」

    鉱山開発難度、権益獲得競争、参入コスト上昇のリスクと、地域社会との共存・慎重な採算性判断による対応を再確認している。
  2. FY2020WorsenedAnnual report

    「さらに近年では鉱山開発の難度上昇により優良案件の権益獲得競争が激化し、参入コストが増大していることもリスクの上昇に拍車をかけています。」

    鉱山開発難度の上昇、優良案件の権益獲得競争、参入コスト増大により、鉱山投資の不確実性が高まったと記載している。
  3. FY2018RestatedAnnual report

    「Investment recovery may not proceed as expected if the minable reserves and mining costs assumed on the basis of exploration results differ from actual conditions or change in the future.」

    埋蔵量・採鉱コスト、生産開始遅延、開発費増加等による鉱山投資の不確実性を再確認している。
  4. FY2017RestatedAnnual report

    「Investment recovery may not proceed as expected if the minable reserves and mining costs assumed on the basis of exploration results differ from actual conditions or change in the future.」

    埋蔵量・採鉱コスト、生産開始遅延、開発費増加等による鉱山投資の不確実性を再確認している。
  5. FY2016First statedAnnual report

    「Investment recovery may not proceed as expected if the minable reserves and mining costs assumed on the basis of exploration results differ from actual conditions or change in the future.」

    Risks include delays in production start-up, higher development costs, additional investment and rising mining costs.
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