EARNINGS: Galileo swings to profit; Cadence narrows interim loss
29th Sep 2025 13:36
(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
(Alliance News) - Galileo Resources PLC on Monday reported an early copper intersection at its drilling programme in Botswana, sending its shares up 23% on Monday afternoon. Read More
(Alliance News) - London's FTSE 100 climbed slightly higher on Monday, as new data showed UK borrowing patterns in July were mixed, and the manufacturing sector extended its decline amid subdued market confidence. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Monday. Read More
Galileo Resources PLC - copper, gold and lithium mine development in Zambia, Zimbabwe and Botswana - Begins reverse circulation drilling at geochemical and geological targets at its wholly-owned prospecting licence PL253 in the Kalahari Copperbelt in Botswana. "Our drilling programme now underway on PL253 is being carried out in an area with a highly prospective address," says Chief Executive Officer & Chair Colin Bird. "Significant exploration commitment by BHP [Group Ltd] and others has placed the spotlight on this underexplored northwestern limb of the KCB and provides considerable encouragement for our programme. We look forward to the outcome and will keep shareholders informed as results are received." Under the terms of a recent deal with Sydney-based copper exploration and development firm Cobre Ltd, BHP will invest up to USD25 million for exploration expenditure on Cobre's Kitlanya copper projects, including Kitlanya West, which is located close to PL253. BHP is a Melbourne, Australia-based diversified miner. Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Tuesday. Read More
(Alliance News) - Stock prices in London opened in the green on Tuesday, driven by a slew of full-year results and ahead of UK Chancellor Rachel Reeves' spring statement on Wednesday. Read More
Galileo Resources PLC - copper, gold and lithium mine development in Zambia, Zimbabwe and Botswana - Swings to pretax profit of GBP2.3 million in the six months that ended September 30 from a GBP471,761 loss a year before. Galileo has no operating income. The swing to profit is thanks to GBP2.5 million profit on sale of asset, compared to no such gain a year before. This is from Galileo's 35.7% total interest in Glenover Phosphate (Pty) Ltd, which back at the end of 2021 agreed to sell the Glenover phosphate project in South Africa to Johannesburg-listed Afrimat Ltd for ZAR250 million, about GBP11.6 million. Then in 2023, Galileo also agreed to sell its stake in the Glenover subsidiary to Afrimat. It received the second tranche payment for this in May. Read More
(Alliance News) - Galileo Resources PLC on Thursday gave an upbeat update about its Shinganda licence in central western Zambia. Read More
(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
Galileo Resources PLC - mining company focused on Zambia, Zimbabwe, Botswana, South Africa and the US - Says in shareholder interest to split Luansobe copper project into "separate mining and processing operations each capable of generating a sustainable and profitable business". Galileo has 75% interest in the Zambia-based project. Read More
(Alliance News) - Galileo Resources PLC on Wednesday said that it has started phase three reverse circulation drilling at Shingada. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and Friday and not separately reported by Alliance News: Read More
Galileo Resources PLC - Mining company focused on Zambia, Zimbabwe, Botswana, South Africa - Decides to commence a Phase III drill programme at the Shinganda copper-gold project in Zambia. Phase I results, announced in January, and the recently completed Phase II drill programmes have confirmed the presence of copper gold mineralisation associated with major regional and more localised structures, company says. Higher copper and gold grades were found at shallow depths, where primary mineralisation was subjected to supergene enrichment. Phase III drilling will target a projected supergene high-grade, broadly drill-defined zone. Supergene enrichment is broadly associated with a coincident magnetic anomaly. Chair and Chief Executive Colin Bird says drilling should start by the end of the third quarter. Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
Galileo Resources PLC - Mining company focused on Zambia, Zimbabwe, Botswana, South Africa - Says phase one drill results for its 80% owned Kamativi lithium-tin project in Zimbabwe show "extensive" lithium enhancement. Results peak at 1.0% of lithium oxide over four metres. Adds that geological mapping and prospecting have identified mineralisation/alteration in pegmatites over at least 1.5 kilometre strike length, which has only been partially drill tested to date. Chief Executive Officer Colin Bird says: "An unusual feature of this discovery is the spread of highly anomalous lithium through the mica schist host rock, as opposed to being solely contained within the pegmatite. We have no doubt that discordant pegmatites are the drivers to lithium content and our mapping programmes have located more discordant pegmatites than previously recognised. On the basis that the nearby Kamativi mine was a long-producing tin operation it comes as no surprise that we also see anomalous tin associated with these discordant pegmatites, in some cases coincident with lithium." Read More