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Metals Exploration (MTL) Share News

IN BRIEF: Metals Exploration reduces capital, eyes payout flexibility

22nd Jul 2022 06:56

Metals Exploration PLC - mineral resources exploration and development company with assets in the Philippines - Confirms that the High Court of England & Wales has approved its reduction of capital. Says that the order will now be delivered to the Registrar of Companies "shortly" and will then become effective. Due to ongoing delays at the Registrar of Companies it is expects that this will take a few days to occur. Read More

IN BRIEF: Metals Exploration posts lower quarterly gold sales

20th Jul 2022 12:19

Metals Exploration PLC - mineral resources exploration and development company - Sells 14,992 ounces of gold during the second quarter ended June 30, down 4.4% from 15,685 ounces in the first quarter of the year. Sells it at an average price of USD1,858 per ounce, down 2.1% from USD1,898 quarter-on-quarter. Says operations continued "largely unaffected" by Covid-19 in the period. Records gold sales of USD27.8 million in the second quarter, down 6.7% from USD29.8 million a quarter before. Net debt as at June 30 stood at USD92.9 million, reflecting a 1.4% decrease from USD94.2 million as at March 31. Remains on track to meet its guidance for 2022. Read More

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