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Pin to quick picksAnglo Asian Share News (AAZ)

Share Price Information for Anglo Asian (AAZ)

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Share Price: 68.50
Bid: 67.00
Ask: 70.00
Change: 3.40 (5.35%)
Spread: 3.00 (4.478%)
Open: 63.50
High: 69.50
Low: 67.00
Prev. Close: 63.60
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TRADING UPDATES: BiON to trade only for a few days; Hardide optimistic

Thu, 13th Oct 2022 14:57

(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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Anglo Asian Mining PLC - gold, copper and silver producer focused on Azerbaijan - Maintains production guidance of 54,000 to 58,000 gold equivalent ounces for 2022. Says gold price increases 7.0% to USD1,901 at June 30 from USD1,776 a year prior. Half-year gold sales fall 73% to 11,273 ounces from 19,582 a year ago. Says new mine at Zafar in Azerbaijan on track for production in 2023. On Monday, announces interim dividend of 4 US cents for 2022 per share.

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BiON PLC - Kuala Lumpur-based renewable energy services - Starts trading on AIM again as released 16-month report on Wednesday. However, the cash shell expects shares to be suspended on October 20 as "it is highly unlikely it will be able to complete a reverse takeover" since becoming a cash shell nearly six months ago on April 19. Pretax loss in the 16 months to April 30 narrows to MYR86.0 million, about GBP16.4 million, from MYR120.3 million it reported for calendar year 2020. Changes financial year to end on April 30 from December 31. Sixteen-month revenue falls to MYR1.6 million from MYR103.7 million for calendar year 2020.

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Hardide PLC - Oxfordshire-based advanced surface coating technology developer - Expects revenue for financial year ended September 30 to be in line with GBP5.0 million board forecast, rising 39% year-on-year from GBP3.6 million. States lengthened raw material lead times delay projects scheduled for the fourth quarter. Says no orders lost, will now be delivered in new financial year. States it is not experiencing any negative effect from current exchange rates.

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OnTheMarket PLC - Aldershot, Hampshire-based property listing portal - Hails several major contract wins, including with estate agents such as Savills, Chestertons and Knight Frank. Meanwhile, strikes deal with property firm Lomond Group Ltd. "The fast-growing network of sales and lettings businesses encompasses over 60 branches across many well-known agency brands located across England and Scotland," OnTheMarket says. Meanwhile, pretax profit in the half-year ended July 31 surges 67% to GBP75,000 from GBP45,000 a year prior. Revenue climbs 14% to GBP17.0 million from GBP14.9 million. Administrative expenses widen 23% to GBP15.8 million from GBP12.8 million. States confidence in full-year expectations despite current macroeconomic and geopolitical uncertainty. "Despite this, HM Revenue & Customs data shows that the UK housing market has seen normal transactional numbers in the past six months," firm says. Adds that full-year adjusted operating profit is weighted towards the second half of financial year 2023, ending January 31. The second half started on August 1.

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By Tom Budszus; tombudszus@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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17 Apr 2024 13:53

Anglo Asian Mining sees quarterly production drop on approval wait

(Alliance News) - Anglo Asian Mining PLC on Wednesday posted a decline in first quarter production, as it waits for government approval to raise its tailings dam wall in Azerbaijan.

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17 Apr 2024 08:53

LONDON MARKET OPEN: Stocks mixed as UK data douses BoE cut hope

(Alliance News) - Stock prices in London opened mixed on Wednesday, with the FTSE 100 underperforming European peers, with a hotter than expected UK inflation reading lifting the pound.

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20 Feb 2024 15:03

Anglo Asian unveils maiden Xarxar resource estimate

(Sharecast News) - Anglo Asian Mining announced a significant milestone on Tuesday, with the completion of its maiden JORC 2012 mineral resource estimate for the Xarxar copper deposit in Azerbaijan.

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20 Feb 2024 11:29

Anglo Asian Mining completes maiden JORC resource estimate for Xarxar

(Alliance News) - Anglo Asian Mining PLC on Tuesday said it completed its maiden JORC mineral resource estimate for its Xarxar copper deposit.

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16 Feb 2024 13:13

Anglo Asian gives up board seat on Libero board

(Sharecast News) - Azerbaijan-focussed gold, copper and silver producer Anglo Asian Mining announced the resignation of non-executive director Michael Sununu from the board of Libero Copper & Gold on Friday.

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16 Feb 2024 12:55

IN BRIEF: Anglo Asian loses director on Libero board as stake falls

Anglo Asian Mining PLC - Azerbaijan-focused copper, gold and silver producer - Non-Executive Director Michael Sununu resigns from the board of Libero Copper & Gold Corp, after Anglo Asian Mining's stake in Libero falls to 5.7%, lower than the 9.9% threshold that entitles the company to maintain a director on the board of Libero. Anglo Asian Mining says its holding in Libero has reduced as it has not participated in several recent rounds of financing.

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25 Jan 2024 11:51

IN BRIEF: Anglo Asian climbs amid copper resource discovery at Xarxar

Anglo Asian Mining PLC - Azerbaijan-focused copper, gold and silver producer - Confirms significant copper resource at Xarxar following drilling. Says drill results will form part of a forthcoming JORC mineral resource estimate for the Xarxar deposit. Further infill and extension drilling will be planned, along with a metallurgical testwork programme and geometallurgical modelling, Anglo Asian says, once the MRE is published. A mining trade-off study including a mine design and a production plan will also be prepared. Vice President Stephen Westhead says: "We are delighted to announce the findings of our recent drilling campaign at Xarxar, confirming internal estimates regarding the presence of significant quantities of copper at the deposit. This reaffirms the potential size of the mineral deposit that can be brought into production."

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19 Jan 2024 12:02

Anglo Asian commits to Global Industry Standard on Tailings Management

(Alliance News) - Anglo Asian Mining PLC on Friday said it will implement the Global Industry Standard on Tailings Management at its operations at Gedabek, Azerbaijan.

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15 Jan 2024 09:55

Anglo Asian Mining production drops amid temporary suspension

(Alliance News) - Anglo Asian Mining PLC on Monday said fourth quarter production was "significantly reduced" due to partially suspended operations, but said mining activity at Gedabek has resumed.

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8 Jan 2024 08:40

LONDON MARKET OPEN: Commodity-heavy FTSE 100 heads lower; Shell slips

(Alliance News) - The FTSE 100 kicked off the week on a downbeat note at Monday's market open, amid share price falls for commodity stocks.

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12 Dec 2023 10:42

Anglo Asian Mining expects Gilar site to begin production in mid-2024

(Alliance News) - Anglo Asian Mining PLC announced on Tuesday the purchase and delivery of Caterpillar Inc equipment to its Gedabeck mine site, where it expects production to commence in mid-2024.

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11 Dec 2023 17:54

TRADING UPDATES: Surface Transforms signs GBP13.2 million loan deal

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

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7 Nov 2023 11:55

Anglo Asian shares soar as mining restarts after environmental audit

(Alliance News) - Anglo Asian Mining PLC on Tuesday said its full-year gold production target is unchanged, as it begins to restart operations after agreeing an environmental action plan with the Government of Azerbaijan.

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7 Nov 2023 10:44

AIM WINNERS & LOSERS: Naked Wines cuts outlook and CEO steps down

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.

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23 Oct 2023 13:56

Anglo Asian Mining identifies further mineralisation at Gilar deposit

(Alliance News) - Anglo Asian Mining PLC on Monday said further drill results at the Gilar deposit confirm an extension to the mineralisation reported by previous drilling.

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