(Alliance News) - Metals Exploration PLC on Monday said revenue increased in 2024 amid higher gold prices, although pretax profit fell due to an impairment loss. Read More
(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Tuesday and Wednesday 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 Friday 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 Wednesday and Thursday and not separately reported by Alliance News: Read More
Metals Exploration PLC - Philippines-focused mineral resources firm - Highlights estimates from internal studies conducted on the La India gold project in Nicaragua. Compared to a bankable feasibility study from 2022, life of mine estimate improves to 12.4 years from 8.4 years. Estimated annual production surges to 145,000 ounces of gold from just 71,600. Estimated gold grade increases to 3.53 grammes of gold per tonne, from 2.56 g/t. All-in sustaining cost estimate increases by 11% to USD1,176 per ounce from USD1,058/oz. Read More
Metals Exploration PLC - gold miner in Philippines - Gold revenue jumps 31% to USD191.1 million in 2024 from USD145.8 million in 2023. In the fourth quarter alone, gold revenue falls 9.7% to USD47.5 million from USD52.6 million in the third quarter. In the final quarter, the company sells 19,144 ounces of gold at an average realised gold price of USD2,481 per ounce. This compares to 21,943 ounces sold at an average of USD2,396 per ounce in the third quarter. For 2025, Metals Exploration expects gold production of 70,000 to 75,000 ounces, down at least 11% from 83,897 ounces in 2024. Read More
Metals Exploration PLC - Philippines-focused mineral resources firm - High Court of Justice in UK sanctions Metals Exploration's buyout of Condor Gold PLC, the firm developing the La India gold project in Nicaragua, the firms say on Monday. Last month, Condor Gold agreed a GBP67.5 million takeover from Metals Exploration. Metals Exploration, backed by property financier Nick Candy, offered 4.0526 shares and 9.9 pence in cash for each Condor share. Metals Exploration said at the time that based on its closing share price in late-November, the offer values each Condor share at 33.0p or GBP67.5 million in total. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
(Alliance News) - Condor Gold PLC on Wednesday agreed a GBP67.5 million takeover from Philippines-focused mineral resources firm Metals Exploration PLC. Read More
(Alliance News) - Condor Gold PLC confirmed on Monday it remains in talks regarding the GBP67.5 million takeover from Philippines-focused mineral resources firm Metals Exploration PLC. Read More
(Alliance News) - London's FTSE 100 went into Monday afternoon higher, supported by China-exposed stocks after promising data there, but housebuilders struggled. Read More
(Alliance News) - Philippines-focused mineral resources firm Metals Exploration PLC on Monday confirmed a GBP67.5 million bid for fellow London listing Condor Gold PLC. Read More
(Alliance News) - Philippines-focused mineral resources firm Metals Exploration PLC on Monday said it is sizing up a takeover offer for fellow London listing Condor Gold PLC. Read More
(Alliance News) - Stock prices in London barely budged after the opening bell on Monday, in cautious trade to kick off the final month of the year, with US data the highlight in the days to come. Read More
(Alliance News) - London's FTSE 100 is called to open a touch higher on Monday, while stocks in Asia traded more confidently, on decent data out of China. Read More
(Alliance News) - Metals Exploration PLC said on Monday it expects to beat its 2024 targets for gold production and cost. Read More
(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced in the past week and not separately reported by Alliance News: Read More
Metals Exploration PLC - Philippines-focused gold producer - Notes completion of acquisition of controlling interest in Philippines-based Yamang Mineral Corp. The purchase was announced in January. At the time, Metals Exploration said the acquisition of the 72.5% stake in YMC was for USD1.6 million in cash, plus options to subscribe for up to 41 million new shares in Metals Exploration. YMC holds the exploration tenement Abra, or EXPA-000129, a "highly prospective" exploration licence covering 16,200 hectares on Luzon, Philippines. Read More
(Alliance News) - Metals Exploration PLC on Friday noted "robust" gold prices but reported an annual decline in revenue in the second quarter. Read More