31st Oct 2025 11:00
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Friday.
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SMALL-CAP - WINNERS
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AltynGold PLC, up 3.4% at 926.16 pence, 12-month range 1,145.00p-175.00p. The Kazakhstan-focused gold miner continues to rise after it said on Monday that a strong operational and financial performance in the third quarter was driven by continued growth at its Sekisovskoye mine. Overall, ore mined jumps 16% on-year to 239 kilotons, bringing year-to-date total to 689 kt - a 28% increase from last year. Ore milled climbs 53% on-year to 256 kt from 167 kt. Says this is higher than ore mined due to available inventory from previous periods. Gold poured totals 14,314 ounces, up 36%, supported by steady gold and recovery rates of 2.05 grams/ton and 84.71%, respectively. Gold sold rises 38% to 36,515 ounces from 27,358 oz.
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SMALL-CAP - LOSERS
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Anglesey Mining PLC, down 17% at 0.25p, 12-month range 440.00p-0.25p. The mining company says it could be forced to enter administration if it does not find alternative funding sources. It notes that resolutions were not passed at Thursday's general meeting and therefore it cannot proceed with its proposed capital reorganisation. As a result, the firm says it will not be able to drawdown any amounts under the equity financing facility. The firm says it has been left with a "limited pool of alternative options" and there is "material uncertainty" over the going concern status of the company. It says it will seek to preserve the company's cash resources as far as practicable and will explore alternative sources of funding. "However, there can be no guarantee that the company will be able to find alternative sources of funding on a timely basis. If alternative funding is not available, the directors believe that it is likely that the company could be forced to enter into administration," Anglesey Mining adds.
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Georgina Energy PLC, down 13% at 5.00p, 12-month range 11.55p-3.92p. The London-based onshore helium and hydrogen explorer receives formal approval to drill the Hussar prospect in western Australia. The approval allows its wholly-owned subsidiary Westmarket Oil and Gas Pty Ltd to extract helium, hydrogen and natural gas from the prospect. It also allows the firm start works on infrastructure at the site. "The formal drilling approval is the result of an intensive effort since December 2024 and we are looking forward to commencing the necessary pre-drilling works required," says Chief Executive Officer Anthony Hamilton.
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By Michael Hennessey, Alliance News reporter
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Related Shares:
AltyngoldAnglesey MiningGeorgina Energy