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Pin to quick picksAdriatic Metal. Share News (ADT1)

Share Price Information for Adriatic Metal. (ADT1)

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Share Price: 244.00
Bid: 243.50
Ask: 244.00
Change: 4.00 (1.67%)
Spread: 0.50 (0.205%)
Open: 243.00
High: 244.00
Low: 239.00
Prev. Close: 240.00
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UK TRADING UPDATE SUMMARY: CentralNic Happy With KeyDrive Performance

Mon, 02nd Nov 2020 21:56

(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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CentralNic Group PLC - domain name registry and registrar services firm - Says KeyDrive SA, bought in 2018, has performed well in financial 2019. As a result, USD2.2 million in additional consideration is payable to Inter.Services GmbH. CentralNic says USD336,750 will be settled in cash and the remainder via the issue of 1.7 million shares. Inter.Services may still earn up to USD1.4 million in additional consideration in future. "We have been delighted with the performance of KeyDrive ever since its acquisition over two years ago," says CentralNic Chief Executive Ben Crawford. Separately announces the completion of its acquisition of the Zeropark and Voluum businesses for USD36 million. "This earnings-enhancing acquisition will greatly complement our existing, fast-growing monetisation business, while providing numerous opportunities for revenue and cost synergies," says Crawford.

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Marlowe PLC - London-based safety & compliance services firm - Buys Black & Banton Occupational and Physical Health Ltd for an initial consideration of GBP1.1 million. Black & Banton provides occupational health services to businesses in the North of England and Scotland. For the year ended April 30, Black & Banton generated pretax profit of GBP400,000 on revenue of GBP1.7 million. The total enterprise value of up to GBP1.5 million includes a contingent cash earn-out of up to GBP400,000.

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Kefi Gold & Copper PLC - gold explorer in Ethiopia and Saudi Arabia - Confirms the recommencement of drilling at the company's Hawiah project in Saudi Arabia. "The Hawiah deposit remains open at depth and beyond the existing 4km strike. Increasing copper grades intersected in the previous deepest drill hole at the Camp Lode indicate an excellent opportunity to add additional high-grade copper-gold resources during this phase of drilling," says Executive Chair Harry Anagnostaras-Adams.

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Anglo Asian Mining PLC - copper & gold producer in Azerbaijan - Reports updated mineral resources and ore reserves for the Gedabek open pit and Gadir underground mine located at the company's Gedabek licence area in Western Azerbaijan. Says Gedabek open pit total mineral resources of 735,000 ounces of gold and 69,100 tonnes of copper. Says total mineral resources of 267,000 ounces of gold and 2,183 tonnes of copper for Gadir underground mine. "I am delighted to announce these latest JORC estimates for the Gedabek open pit and Gadir underground mines. These show the economically mineable Ore Reserves remaining in the open pit mine amount to 284,000 ounces of gold and 26,000 tonnes of copper. The economically mineable Ore Reserves for the Gadir underground mine amount to 49,000 ounces of gold and 191 tonnes of copper," says Chief Executive Reza Vaziri.

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Adriatic Metals PLC - Cheltenham-based exploration & development firm - Has entered into a Deed of Settlement and Release with Sandfire Resources Ltd, where both parties have agreed to settle the dispute relating to proceeding CIV 1820 of 2020 brought by Sandfire against Adriatic in the Supreme Court of Western Australia. Sandfire has agreed to pay Adriatic AUD8.6 million in cash for the issue of 4.8 million chess depository interests in the company, pursuant to Sandfire's anti-dilution right under the previously announced collaboration and strategic partnership deed.

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Yamana Gold Inc - Canadian-based precious metals producer - Agrees to buy all of the outstanding shares of Monarch not already owned by Yamana under a plan of arrangement for consideration, including cash and shares, of approximately CAD152 million. "The acquisition provides Yamana with a high-quality project with a significant mineral reserve and mineral resource base and excellent potential for further expansion," the company says.

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Castillo Copper Ltd - Australia and Zambia focused base metal explorer - Reports "encouraging" results from a recently completed systematic infill soil sampling campaign at its 100% owned Mkushi Project in Zambia's copper-belt. Says results confirmed eight target areas with significant copper anomalism and strike lengths. "We continue to make good progress in Zambia across multiple assets. These soil anomaly results from Mkushi are highly encouraging since they extend mineralisation along strike from a known operating copper mine," says Castillo Copper's UK-based director Ged Hall.

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By Lucy Heming; lucyheming@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
3 May 2024 10:50

IN BRIEF: Adriatic Metals CFO Mike Norris resigns after just two years

Adriatic Metals PLC - Cheltenham, England-based precious and base metals developer, with licences in Bosnia & Herzegovina and Serbia - Chief Financial Officer Mike Norris resigns to pursue other opportunities. He was appointed to the role in March 2022. Adriatic Metals appoints Michael Horner, who is head of business development, as interim CFO.

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3 May 2024 08:09

Adriatic Metals announces resignation of CFO

(Sharecast News) - Adriatic Metals, the FTSE 250 precious and base metals miner, has announced that its chief financial officer is stepping down after just two years on the job.

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29 Apr 2024 10:28

IN BRIEF: Adriatic Metals sees Vares underground development grow

Adriatic Metals PLC - Cheltenham, England-based precious and base metals developer, with licences in Bosnia & Herzegovina and Serbia - Says underground development at its Vares silver project in Bosnia increased 27% in the first quarter of 2024 from the final quarter of 2023, with cycle times reduced by 31%. It expects nameplate production, meaning full capacity, in the final quarter of 2024. Adds that the Vares processing plant is continuing to ramp up production, and expects the first sale of concentrate in the second quarter of 2024. Staff headcount is 291 at the end of March, and cash balance is USD46.7 million.

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22 Apr 2024 09:47

Adriatic Metals to take over as Rupice mine operator

(Alliance News) - Adriatic Metals PLC on Monday said it will take over as the operator of the Rupice mine at its Vares project in Bosnia.

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28 Mar 2024 11:32

Adriatic Metals hails "success and growth" in 2023 as loss narrows

(Alliance News) - Adriatic Metals PLC on Thursday reported that its annual loss narrowed as it paid no impairments in 2023.

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27 Mar 2024 09:40

LONDON BROKER RATINGS: Sainsbury's, Petershill Partners upped to 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

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6 Mar 2024 11:28

Adriatic Metals officially opens Vares project in Bosnia

(Alliance News) - Adriatic Metals PLC on Wednesday announced the opening of its Vares project in

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28 Feb 2024 10:04

Adriatic Metals hails first concentrate production at Vares project

(Alliance News) - Adriatic Metals PLC on Wednesday celebrated progress at its flagship silver project, after seeing first concentrate produced a day prior.

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30 Jan 2024 10:10

Adriatic Metals says "fully funded" ahead of first Vares production

(Alliance News) - Adriatic Metals PLC on Tuesday said it put in a "hugely productive and busy quarter", as the company prepares to commence concentrate production at its flagship metals project.

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25 Jan 2024 09:10

LONDON BROKER RATINGS: JPMorgan raises Admiral Group to 'neutral'

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

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24 Jan 2024 10:45

Adriatic Metals says production at Vares project imminent after delays

(Alliance News) - Adriatic Metals PLC on Wednesday said it expects to commence production within the first quarter, and gave updated production targets for its flagship metals project.

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24 Jan 2024 09:11

LONDON BROKER RATINGS: UBS cuts BAT to 'neutral'; Barclays cuts Senior

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

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20 Dec 2023 20:00

TRADING UPDATES: K3 Business says cash balances ahead of forecast

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

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20 Dec 2023 09:25

LONDON BROKER RATINGS: UBS cuts DS Smith; Kepler likes Genus

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

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13 Nov 2023 21:58

TRADING UPDATES: 88 Energy signs farm-in deal with Monitor Exploration

(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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