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Share Price Information for Ariana (AAU)

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Share Price: 2.30
Bid: 2.20
Ask: 2.40
Change: -0.10 (-4.17%)
Spread: 0.20 (9.091%)
Open: 2.40
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EARNINGS SUMMARY: Echo Energy, Enwell Energy, Sivota revenue rises

Fri, 30th Sep 2022 22:02

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

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Sivota PLC - investment vehicle focused on later-stage, Israeli technology firms - Pretax loss widens to GBP1.8 million in the first half of 2022 from GBP62,000 a year before, as administrative expenses jump to GBP1.1 million from GBP65,000. Records revenue of GBP1.1 million, up from nothing. Attributes revenue to the acquisition of Apester.

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Ariana Resources PLC - exploration firm with interests in Turkey, Cyprus and Kosovo - For the first half of 2022, pretax profit falls to GBP2.9 million from GBP7.1 million. Attributes this to a profit on restructuring in the prior period of GBP6.4 million. "We look forward to providing further updates from our exciting pipeline of projects and investments, representing a full spectrum of opportunities across commodities and jurisdictions, yet maintaining a continued focus on advanced projects in gold and copper, particularly in south-eastern Europe," Managing Director Kerim Sener comments.

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Tower Resources PLC - Africa-focused oil and gas company - Pretax loss for the first half of 2022 widens to USD522,127 from USD39,458 a year before. Records no revenue, unchanged from a year before. Total administrative expenses swing to a loss of USD520,416 from a profit of USD90,449. "We are continuing to make progress in Cameroon and Namibia; and despite the legal issues Shell has faced in South Africa we are confident that we can still move forward there, albeit with caution. We want to drill as soon as we can in Cameroon in particular, and this continues to be our immediate priority," Chair and Chief Executive Jeremy Asher states.

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Crystal Amber Fund Ltd - Guernsey-registered fund - Net asset value per share stands at 145.03 pence at 30 June, up versus 143.19 pence as at December 31, 2021. Records a total NAV return of 8%. Explains that it continued to optimise outcomes for its portfolio companies.

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Enwell Energy PLC - London-based oil and gas company - Pretax profit in the half-year to June 30 soars to USD48.9 million from USD18.1 million Revenue jumps to USD77.2 million versus USD41.1 million. Credits this to "significantly" higher gas prices offset by lower production volumes. Cautions about the impact of the conflict in Ukraine on its business.

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Echo Energy PLC - London-based energy company focused on Latin America - Pretax loss in the first half widens to USD2.0 million from USD1.3 million. Cost of sales rises to USD7.3 million from USD5.5 million. Exploration expenses grow to USD143,545 from USD45,807. Revenue increases 6% to USD6.2 million from USD5.9 million, as production over the period has continued to remain strong. Secures new gas contracts for 2022-2023 significantly above the 2021 annual pricing.

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By Abby Amoakuh; abbyamoakuh@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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1 May 2024 13:41

Ariana sets out fresh production guidance for Zenit

(Sharecast News) - Mineral explorer and developer Ariana Resources announced its production guidance for 2024 from its stake in the Zenit mining operations on Wednesday.

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25 Apr 2024 13:12

Ariana Resources agrees all-share merger with Zimbabwe project owner

(Alliance News) - Ariana Resources PLC on Thursday said it has agreed to buy all of Rockover Holdings Ltd, the owner of the Dowke gold project in Zimbabwe.

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28 Mar 2024 10:28

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(Alliance News) - The following is a round-up of updates by London-listed companies, issued this week and not separately reported by Alliance News:

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12 Mar 2024 17:41

EARNINGS AND TRADING: Ariana strikes gold; Union Jack adds royalties

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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12 Mar 2024 12:37

Ariana reports latest drilling results from Tavsan

(Sharecast News) - Mineral explorer and developer Ariana Resources unveiled the latest developments at its Tavsan Project on Tuesday, which it operates in partnership with Zenit, Proccea Construction and Ozaltin Holding, with Ariana holding a 23.5% stake.

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22 Feb 2024 16:10

Ariana posts positive drilling results from Kizilcukur

(Sharecast News) - Minerals explorer and developer Ariana Resources reported positive outcomes from its fourth quarter drilling initiative at the Kizilcukur Project in the Kiziltepe Sector on Thursday.

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22 Feb 2024 12:05

EARNINGS AND TRADING: Galliford wins deals; Sylvania profit down

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and Wednesday and not separately reported by Alliance News:

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15 Feb 2024 14:22

IN BRIEF: Ariana Resources completes Dokwe due diligence drilling

Ariana Resources PLC - mineral explorer and developer with gold mining interests in Turkey, Cyprus and Kosovo - Anounces completion of 1,222 metres diamond drilling for due diligence purposes at Dokwe Gold Project in Zimbabwe. Says two holes have been drilled at Dokwe North and two at Dokwe Central. Consultant has commenced assessment of metallurgy and potential process routes. Company says mineralisation's geochemical characteristics are being defined through an "extensive" pXRF programme on old and new drill cores. Dokwe is owned by Rockover Holdings Ltd, of which Ariana owns approximately 2.1%. Ariana says the companies are in "exclusive discussions" regarding potential "further collaboration".

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15 Feb 2024 13:38

Ariana Resources reports progress at Zimbabwe's Dokwe project

(Sharecast News) - Mineral explorer and developer Ariana Resources updated the market on the ongoing due diligence programme concerning the Dokwe Gold Project in Zimbabwe on Thursday, owned by Rockover Holdings.

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31 Jan 2024 18:28

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(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:

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17 Jan 2024 17:24

IN BRIEF: Ariana Resources production at Turkish mine beats forecasts

Ariana Resources PLC - mineral exploration and development company with gold mining interests in Turkey, Cyprus and Kosovo - Announces full-year production results for year ended December 31 for the Kiziltepe mine in Turkey. Kiziltepe is 24% owned by Ariana through its shareholding in Zenit Madencilik San ve Tic AS. Says Kiziltepe produced (and sold) a total of 17,683 ounces of gold during the year, including gold in carbon, exceeding full-year production guidance of 18,000 oz gold for 2023. Reports gross full-year revenue of USD39.2 million at an average realised gold price of USD1,945 per ounce, with an average revenue per gold ounce of USD2,218.

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17 Jan 2024 14:52

Ariana Resources reports solid year of production at Kiziltepe

(Sharecast News) - Mineral explorer and developer Ariana Resources released its full-year production results for the Kiziltepe Mine in Turkey on Wednesday in which it holds a 23.5% stake through its shareholding in Zenit.

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21 Dec 2023 21:18

TRADING UPDATES: Guild Esports hails Counter-Strike-focused deal

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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21 Dec 2023 15:09

Ariana upbeat on drilling results from Tavsan

(Sharecast News) - Mineral explorer and developer Ariana Resources updated the market on the Tavsan Project on Thursday, which is operated in partnership with Zenit, Proccea Construction and Ozaltin, with Ariana owning a 23.5% stake.

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