TRADING UPDATES: ECR Minerals confident on Creswick drilling results
8th Apr 2024 17:03
(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) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
Serabi Gold PLC - Brazil-focused gold mining and development company - National Mining Agency issues three-year renewal of Serabi's trial mining licence for its Coringa mine in north-central Brazil. New licence permits transportation of up to 50,000 tonnes of ore per year from Coringa for processing at Serabi's Palito Complex. Brazil's State Secretariat for Environment & Sustainability, or SEMAS, continues to analyse Serabi's application for the installation licence. Company is now permitted to install the planned crusher and ore sorter, expecting the latter to be operational by the fourth quarter. Serabi notes the agreement reached in July with the Bau indigenous territory's communities, which saw Kabu Institute and Mantino Indigenous Association representatives confirming their support for Coringa's long-term development. Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday and Monday and not separately reported by Alliance News: Read More
Serabi Gold PLC - Brazil-focused gold mining and development company - Buys ore sorter from Krakow-based Comex Group for use at its Coringa gold project in north-central Brazil, in the state of Para. Expects ore sorter to arrive in Brazil before the end of the year, and anticipates it to be operational by the third quarter of 2024. Says capacity of the ore sorter is 40 tonnes per hour, leading to a "significant" rise in gold production rates once operational. Read More
(Alliance News) - Serabi Gold PLC on Tuesday said it delivered its highest quarterly production of the year in the third quarter. Read More
(Alliance News) - Serabi Gold PLC on Friday said its updated mineral resource estimate for the Palito complex has indicated a "significant increase" in gold. Read More
Serabi Gold PLC - Brazilian-focused gold mining and development company - Says 0.13 parts per million of gold were found at the Matilda copper project in Brazil in phase one of drilling. Adds 3,204 metres of diamond drilling have been completed in nine holes at Matilda. Says a further 3,200 metre phase two drilling programme started last month. The Matilda project is being developed as part of an exploration alliance between Serabi and Vale SA. Read More
Serabi Gold PLC - Brazilian-focused gold mining and development company - Pretax profit in the first half of 2023 doubles to USD5.1 million from USD2.5 million a year prior. Revenue falls 2.2% to USD30.5 million from USD31.2 million. However, cost of sales decrease 11% to USD20.7 million from USD23.3 million. Total costs contract 12% to USD23.1 million from USD26.2 million. Looking ahead, Serabi says: "The most recent plans assume that during 2023 the group will continue gold production from its Palito complex operation as well as increase production from the Coringa mine and will be able to increase gold production to exceed the levels of 2022. " Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and Tuesday 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 Thursday and not separately reported by Alliance News: Read More
Serabi Gold PLC - Brazil-focused gold mining and development company - Finds 44.75 grammes of gold per tonne from 337.85 metres at G3 vein in Palito mine in Tapajos region of Para state in northern Brazil. Chief Executive Officer Mike Hodgson says: "Underground drilling at the Palito Mine continues to deliver excellent results," adding "in 2023 we plan to complete the drilling of the northwest extension of the G3 Vein". Read More
Serabi Gold PLC - Brazil-focused gold mining and development company - Reports a pretax profit of USD1.5 million in three months ended March 31, down 15% from USD1.7 million the year prior. Revenue in the quarter climbs 4.3% to USD13.4 million from USD12.9 million as average gold price received rises to USD1,892 from USD1,844 year-on-year. Gold production in the quarter total 8,055 ounces. As a result, says company is on schedule for its 2023 annual production guidance of between 33,500 ounces and 35,000 ounces. Read More
(Alliance News) - Serabi Gold PLC on Wednesday said it has signed a strategic exploration deal with Vale SA, through its subsidiary Salobo Metais SA. Read More
(Alliance News) - Serabi Gold PLC on Wednesday hailed a "robust first quarter" with significant improvements in production, providing "an exciting platform for the year ahead". 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 in London on Tuesday. Read More
(Alliance News) - John Menzies and Wentworth Resources were the top performing selected smaller cap stocks in 2022, according to analysts at Peel Hunt. Read More
Serabi Gold PLC - Brazil-focused gold miner - On Thursday last week, says total gold production for the third quarter totals 8,542 ounces, up from 8,418 ounces in the second quarter, but down from 9,035 ounces a year ago. Says this quarter saw "2,600 tonnes of higher-grade Coringa development ore transported to Palito, contributing 570 ounces of gold production for the quarter". 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