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Pin to quick picksAltyngold Share News (ALTN)

Share Price Information for Altyngold (ALTN)

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Share Price: 125.00
Bid: 118.00
Ask: 129.00
Change: -3.50 (-2.72%)
Spread: 11.00 (9.322%)
Open: 125.00
High: 125.00
Low: 125.00
Prev. Close: 128.50
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TRADING UPDATES: Petra Diamonds sells more diamonds amid price growth

Fri, 17th Mar 2023 20:53

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

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AltynGold PLC - London-based mining, exploration and development company, with assets in Kazakhstan - Reports fourth quarter revenue of USD14.5 million, down from USD14.7 million in the third quarter. Ore mined in fourth quarter falls 9.6% to 118,629 tonnes from 131,204 tonnes a quarter ago. Contained gold however increases 2.0% to 9,324 ounces from 9,144 ounces, as average gold grade improves to 2.49 grammes per tonne from 2.11 grammes per tonne. Gold poured however decreases 6.1% to 8,259oz from 8,799oz.

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Augmentum Fintech PLC - Fintech-focused investor - and Tap Global Group PLC - offers regulated crypto app that helps bridge gap between traditional finance and blockchain technology by providing fiat banking and crypto settlement services - Note no material impact from Silicon Valley Bank. Augmentum has no direct exposure to SVB UK or to its US-based parent company or any Silicon Valley Bank affiliate entity. Tap Global also says has no exposure to the bank or any of its affiliates.

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Britvic PLC - Hemel Hempstead, England-based drinks company - Confirms April 18 as leaving date for Chief Financial Officer Joanne Wilson. Says process of appointing a new CFO is well underway. In November, London-based communications, advertising and public relations firm WPP PLC appointed Wilson as CFO, starting in the first half of 2023.

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Capital For Colleagues PLC - Wiltshire, England-based investment vehicle focused on employee-owned businesses - Leads investment of GBP8.0 million into an investment round by Morris Commercial Ltd, a new portfolio company. Morris Commercial is a UK-based automotive engineering and manufacturing start-up, focused on innovation and creation of "desirable" carbon neutral transport, Capital For Colleagues explains. Morris Commercial Chief Executive Officer Qu Li says: "With this new investment, we will be able to accelerate product development and take the Morris JE to market." Morris JE, an electric van, is Morris Commercial's initial product.

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Metal Tiger PLC - Winchester, England-based investor in natural resources opportunities - Notes interim results of mineral exploration company Cobre Ltd, in which it holds a 19% interest, for the six months to December 31. Cobre's pretax loss narrows to AUD749,493 from AUD3.7 million a year prior. Share of equity accounted losses reduce to AUD170,656 from AUD1.3 million, while it posts no fair value loss on loan with joint venture compared to a loss of AUD1.6 million a year ago. "Cobre is now able to fully exploit the exploration potential of the extensive 5,384 square kilometres license package in Botswana," Cobre says.

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Petra Diamonds Ltd - South Africa and Tanzania-focused diamond miner - Posts USD72.1 million via diamond sales in tender 4 of financial 2023, up from USD42.3 million in tender 3. Diamond sales rise 66% to 505,398 carats from 305,366 in tender 3. Average diamond carat price grows 3.6% to USD143 per carat from USD138. Petra Diamonds cites recovery from Covid in China as positive impact on diamond prices.

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Premier Miton Global Renewables Trust PLC - Leeds, England-based investment company focused on the renewable energy sector - Net asset value per share as at December 31 declines 15% to 178.44 pence per share from 210.60p a year prior, citing interest rates, Covid in China and European windfall taxes. NAV total return is negative 7.3%, underperforming against its benchmark, the S&P Global Clean Energy Index, which posts a positive return of 6.6%. A year ago, Premier Miton's NAV total return was positive 20%, which had outperformed the S&P Global Clean Energy Index which had returned negative 23%. Premier Miton declares a net dividend of 7.00p per share for 2022, unchanged from 2021. Despite this, says that the underlying earnings performance of the majority of its holdings has been strong, and expecs this to continue in the short to medium term. "We expect European power prices should remain elevated as the EU withdraws from its dependence on Russian natural gas," company says.

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Quantum Blockchain Technologies PLC - London-based cryptocurrency researcher and investor - Notes subsidiary Clear Leisure 2017 Ltd will start efforts to collect an award payment of EUR6.2 million regarding a November ruling in Venice, Italy against the former management team and internal audit committee of Sipiem in Liquidazione SRL. An appeal by Sipiem, launched in December, is still ongoing. "The company's legal advisors believe that the next hearing to be set will be the final hearing for the appeals," Quantum says.

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By Tom Budszus, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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17 Apr 2024 14:25

IN BRIEF: AltynGold shares up as processing plant progresses to plan

AltynGold PLC - London-based exploration and development company with assets in Kazakhstan - Announces expansion of processing plant at Sekisovskoye is progressing as scheduled. Notes that excess mined ore is being added to stock piles. Says infrastructure works are largely completed apart from the installation of the grinding mill. Expects operational start in the third quarter of 2024, which "will be a key milestone" in the company's development and growth strategy, it says.

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12 Apr 2024 16:41

IN BRIEF: AltynGold contract in Kazakhstan extended by two years

AltynGold PLC - London-based exploration and development company - Reports its Teren-sai subsoil exploration contract, based in the Teren-sai deposit in Kazakhstan, has been granted an additional two-year term, to perform exploration works until March 2026. A competent persons report in 2019 estimated 1.5 million ounces of mineral resources in the area, confirmed by drilling. Says original exploration area consequently narrowed to specific target zones. Open-pit production will commence as soon as sufficient data from further exploration activities has been gathered.

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28 Feb 2024 21:18

TRADING UPDATES: AltynGold revenue up on higher gold price

(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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25 Oct 2023 21:55

TRADING UPDATES: Gran Tierra completes offers, Pensana wins grant

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

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29 Sep 2023 17:14

EARNINGS: St Mark Homes loss widens; abrdn Property maintains payout

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

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19 Jun 2023 11:08

AltynGold gold grades down in first quarter despite production rise

(Alliance News) - AltynGold PLC on Monday said gold grades were down in the first quarter as revenue also fell.

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28 Apr 2023 18:26

EARNINGS UPDATES: Fidelity Special NAV up; Ferro-Alloy loss widens

(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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5 Dec 2022 11:17

AltynGold secures loan from Kazakh bank to expand mining capacity

(Alliance News) - AltynGold PLC on Monday announced that it has secured an additional credit line from JSC Bank CenterCredit, which will be used to increase production and processing capacity at its Sekisovskoye mine.

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18 Nov 2022 07:56

IN BRIEF: AltynGold posts quarterly revenue fall due to low gold price

AltynGold PLC - London-based gold mining company with assets in Kazakhstan - On November 10 says revenue falls 16% to USD14.7 million in the third quarter of 2022, from USD17.6 million in the second quarter. This is due to a lower average selling price of gold. Expects gold price to fluctuate around the current levels of around USD1,700 an ounce.

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26 Sep 2022 20:22

TRADING UPDATES: AltynGold, Rambler Metals & Mining revenue grows

(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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2 Aug 2022 08:32

IN BRIEF: AltynGold says on track for another strong year

AltynGold PLC - London-based gold mining company with assets in Kazakhstan - On Monday says revenue up 22% to USD17.6 million in the second quarter of 2022 from USD14.4 million in the first quarter, on increased gold production and higher average selling price. Says mined ore production increases 6.3% to 142,937 tonnes from 134,461 tonnes a quarter ago, while milled ore production is up 2.5% to 155,168 tonnes from 151,431 tonnes.

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26 Jul 2022 07:46

IN BRIEF: AltynGold agrees USD40 million bank loan for Sekisovskoye

AltynGold PLC - London-based gold mining company with assets in Kazakhstan - Says application for an a total of USD40 million credit line from Kazakh Bank JSC has been approved. Says the loan is repayable in instalments over six and a half years, and has a 6% interest rate. AltynGold says it will be used to "expand the capacity of the processing plant to 1 [million tonnes per annum] in anticipation of the expected increase in mining production at Sekisovskoye."

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27 Jun 2022 12:17

IN BRIEF: AltynGold annual revenue rises on increase in production

AltynGold PLC - London-based gold mining company with assets in Kazakhstan - Posts surge in profit in 2021. Pretax profit jumps to USD18.3 million from USD3.3 million in 2020. Revenue surges to USD50.3 million from USD30.0 million.

Read more

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