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ALDTue, 20th Dec 2016 09:06
FTSE250 miner Allied gold has said it aims to up production by 75% in 2012 as it improves recovery methods and efficiency. In the year to the end of December, the firm took 108,338 ounces of gold out of the ground. It predicts this will rise to around 180,000 ounces in 2012 from its sites in Papua
Read moreOil and gas producers were on the rise despite falling energy prices, with Afren, Ophir Energy, and Exillon Energy all higher. Miners followed suit despite the ongoing economic woes. Allied Gold, the Pacific Rim-focused gold producer, advanced on news it has agreed a new three-year $80m gold loan
Read moreAllied Gold, the Pacific Rim-focused gold producer, has agreed a new three-year $80m gold loan with RK Mine Finance. The agreement means Allied must pay back the $80m in physical gold. The total repayable will be measured in ounces at a reference price of $1,500 per ounce; this equates to a notio
Read moreTalvivaara Mining saw its share price rocket into the top spot on the FTSE 250 after it announced that it has reached its production target for 2011. Full year production totalled 16,087 tonnes (t) of nickel and 31,815t of zinc, while fourth quarter production of 4,769t nickel and 10,524t zinc was
Read moreThomas Cook occupied the top spot once again, one week before being unceromoniously booted off the footsie 250. Recovering from the blow, shares rose 6%, boosted by news that Thomas Cook India, the country's largest integrated travel financial services company, was selected as the 'Favourite Speci
Read moreMiners dominated the risers on the FTSE 250 on Wednesday after news that central banks are working together to ease strains in the financial markets sent stocks soaring. The mining sector swung into the blue, despite falling earlier on, after the People's Bank of China (PBOC) had lowered the legal
Read moreThe mining sector suffered some heavy losses on Monday as concerns of the global economy weighed on sector sentiment, and metals prices. Centamin Egypt, Kenmare Resources, Aquarius Platinum, Petropavlovsk and Allied Gold Mining were among the worst performers on the FTSE 250. While the miners bo
Read moreMilitary decoy flare and mine detection firm Chemring was the biggest faller after it said unexpected delays in customer orders means full-year revenues will be around 5% below the board's expectations, while operating profit will be shy of market projections. In contrast, struggling foods manufac
Read moreAllied Gold Mining saw a rise in gold production for the quarter ended 30 September compared to the previous three months. Group gold production in the third quarter totalled 36,085 ounces compared to 28,344 ounces during the second quarter. Meanwhile, the average gold sales price was $1,751 in
Read moreJames Guyette, president and chief executive of Rolls-Royce's North American operations, has pocketed about £850,000 from the sale of a chink of his holding in the aeroplane engine maker. He sold 122,560 shares at 696p a time, but still has 274,796. The sale of the shares comes in the midst of a s
Read moreBellway was the top riser after it saw its full-year profits come in ahead of market expectations. Profit before tax in the year to the end of July hit £67.2m, up from £44.4m in 2010 and higher than the consensus forecast of £63.8m. However, it was the miners who were the big fallers, dominating t
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