Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksAltyngold Share News (ALTN)

Share Price Information for Altyngold (ALTN)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 124.00
Bid: 119.00
Ask: 125.00
Change: 6.00 (5.17%)
Spread: 6.00 (5.042%)
Open: 120.00
High: 124.00
Low: 120.00
Prev. Close: 116.00
ALTN Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

TRADING UPDATES: Treatt hikes dividend as earnings jump in year

Tue, 11th May 2021 14:12

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

----------

Treatt PLC - manufacturer and supplier of natural extracts and ingredients for beverage, flavour and fragrance industries - Reports pretax profit before exceptional items up 71% year-on-year in the twelve months to the end of March to GBP10.4 million. Revenue, meanwhile, jumped by 14% to GBP60.8 million. Treatt declares a 2.0 pence a share payout for the year, up 8.7% on the prior year. The company says an improved performance was driven by an increase in margins from growth in higher value-added categories and improved citrus product mix. Treatt says it expects that ongoing investment in its capacity and innovation capability will fuel long-term growth.

----------

Polar Capital Global Health Trust PLC - investment firm - Reports net asset value per share improvement by 3.2% since the end of September 2020 to 276.63p as of March 31. NAV per ZDP share rose by 1.5% over the same period to 111.83p. The company's share price at the end of March stood at 242.00p, representing a 13% discount to NAV. In the same period the company's benchmark index, the MSCI AC World Daily Total Return Net Health Care Index in sterling with dividends reinvested, rose by 1.0%. This means that Polar Capital Global Health outperformed the benchmark as its NAV total return was 3.6%. The trust says dividends for the current financial year ending September 30, if declared, will be paid in August 2021 and February 2022.

----------

Summerway Capital PLC - company which invests in household and consumer goods sectors - Reports a loss after tax of GBP217,600 compared to GBP86,700 posted the year prior, reflecting operating expenses of GBP106,500, up form GBP97,900 the year ago. In addition, the company incurs one-off costs relating to the placing of shares and change in investment strategy of GBP92,200 versus none in financial 2020. Finance income, meanwhile, declined to GBP1,500 from GBP11,200 the year before. As at February 28, Summerway held GBP7 million cash, up form GBP5.5 million as at the end of August 2020.

----------

Conygar Investment Co PLC - property investment and development group - Reports NAV of GBP86.7 million, or 164.0p per share as at the end of March, down from GBP95.3 million the year prior. During the six months to the end of March, the company buys 740,000 shares, representing 1.4% of its share capital, at a cost of GBP810,000, which equates to an average price of 109.0p per share. The primary cash outflows in the half-year were GBP8.4 million incurred on development projects and investment properties, including GBP7.1 million to progress the development at Nottingham. These were partly offset by cash inflows of GBP1.0 million from the sale of King's Lynn and Fishguard lorry stop resulting in a net cash outflow during the period of GBP8.2 million.

----------

STM Group PLC - financial services firm - Reports pretax profit before exceptional bargain purchase gain of GBP2.0 million for 2020, down from GBP3.9 million posted in 2019. The decrease in profit is largely as a result of the higher professional indemnity insurance premiums, an increase which was seen across the market, which were introduced in September 2019 resulting in 2020 being a full year with these higher costs. Profit before other items climbed to GBP3.6 million from GBP3.5 million the year ago. Revenue rose to GBP24.0 million from GBP23.2 million year-on-year. STM Group increases final payout to 0.85p from 0.75p paid the year before. Total dividend stands at 1.40p versus 1.50p the year prior.

----------

Lexington Gold Ltd - gold exploration and development company - Reports net loss for 2020 from continuing operations was USD700,000 against the prior year loss of USD500,000. Total assets, meanwhile, jumped to USD5.5 million from USD400,000 recorded for 2019. The company does not currently generate any revenue as it is at the exploration stage after an acquisition of Global Asset Resources Ltd which, via its wholly owned US subsidiary, holds a 51% interest in and operatorship of four gold exploration projects in North and South Carolina in the US.

----------

AltynGold PLC - mining company - Says revenue jumped to USD10.1 million in the three months to the end of March from USD4.6 million reported a year ago, mainly driven by improved gold poured production and also by higher gold price. Production went up by almost 43% year-over-year to 131,733 ore mined, and the quantity of contained gold increase more than by 70% to 7,462 ounces. The positive momentum in production growth and improving contained gold is expected to be increased over the coming quarters, the company notes. AlynGold says it did not experience any negative effect from Covid-19 or interruptions on its production operations during the quarter.

----------

Vector Capital PLC - commercial lending group - Says GBP3.1 million gross proceeds from IPO, received in December 2020, have largely been deployed into new lending and will provide the base for drawing down further on debt facilities. The company says current trading in 2021 has been in line with expectations and its pipeline of new loan opportunities remains strong. Vector is now concentrating on loan book growth by enhancing its engagements with its broker network.

----------

Kromek Group PLC - supplier of detection technology - Achieves significant sequential revenue growth in the second half over the first half of its financial year to April 30, and expects to report revenue and earnings before interest, tax, depreciation and amortization in line with market expectations. The company says it continues to maintain tight cost control, improve collections and manage cash flow. Kromek says it is well-placed to capitalise on the opportunities across its business and continues to look to the future with increased confidence.

----------

By Evelina Grecenko; evelinagrecenko@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
26 Apr 2024 20:59

EARNINGS AND TRADING: Aura confident in Tiris; Cindrigo enters Germany

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

Read more
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.

Read more
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.

Read more
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:

Read more
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:

Read more
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:

Read more
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.

Read more
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:

Read more
17 Mar 2023 20:53

TRADING UPDATES: Petra Diamonds sells more diamonds amid price growth

(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:

Read more
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.

Read more
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.

Read more
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:

Read more
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.

Read more
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."

Read more
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

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.