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Pin to quick picksAmur Minerals Share News (AMC)

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Amur Minerals shares up as board updates on development

Fri, 30th Sep 2016 11:27

(ShareCast News) - Amur Minerals posted its interim results for the six months to 30 June on Friday - another period of nil revenue as its continued its development activities.The AIM-traded firm did double its loss from operations, however, to $2.34m year-on-year from $1.07m in the first half of 2015, as a result of a more-than-doubling of administrative expenses.During the period, Amur attained a number of "major milestones," including the completion of a preliminary survey of the access road route and the completion of bench scale metallurgical test work on its four main orebodies.The board said a resource update was completed, which confirmed the presence of high grade continuous mineralised structures within three of the four main deposits."A combination of both open pit and underground production is being considered in the production development studies," the board said in a statement.It added that over 19,000 metres of drilling was completed within the Maly Kurumkon Flangovy deposit so far."The MKF deposit has been expanded to a total length of 3,000 metres, all of which has been drilled to a JORC category of Indicated resource suitable for use in the determination of reserves," the board explained."At the start of this year the Indicated resource was limited to a total length of 1,400 metres."A 7.5 tonne bulk metallurgical sample had been collected and delivered to the company's Khabarovsk core storage facility as well."MKF resource expansion remains to the east of the last drill line."This target is projected to be in the order of 400 metres and will be drilled in the future."Beyond this target, the Gorny mineralised area is present which could be an extension of the MKF deposit."At 1400 BST, shares in Amur Minerals Corporation were up 5.71% at 3.11p.
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10 May 2024 17:17

IN BRIEF: Amur Minerals swings to profit in 2023 as costs fall

Amur Minerals Corp - cash shell and former Russia-focused nickel copper sulphide exploration company - Swings to pretax profit of USD512,000 in 2023 from a USD2.6 million loss the year before. Administrative expenses fell 12% to USD2.3 million from USD2.6 million a year prior.

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4 Mar 2024 16:30

EARNINGS AND TRADING: Impairment charge pushes Quartix into the red

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

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23 Nov 2023 15:53

UK shareholder meetings calendar - next 7 days

Friday 24 November 
Base Resources LtdAGM
Cloudbreak Discovery PLCAGM
Esken LtdEGM re Esken Renewables disposal
Neometals LtdAGM
Sovereign Metals LtdAGM
Sylvania Platinum LtdAGM
Monday 27 November 
Chelverton Growth Trust PLCGM re voluntary liquidation
European Smaller Cos Trust PLCAGM
JPMorgan Global Emerging Markets Income Trust PLCAGM
Quadrise PLCAGM
Tribal Group PLCGM re cash offer by Tiger Bidco 1 Ltd
Tuesday 28 November 
Bluefield Solar Income Fund LtdAGM
London Finance & Investment Group PLCAGM
Nanoco Group PLCAGM
Oakley Capital Investments LtdAGM
Wednesday 29 November 
Artemis Resources LtdAGM
Aura Energy LtdAGM
Contango Holdings PLCAGM
CVS Group PLCAGM
Fidelity Asian Values PLCAGM
Ikigai Ventures LtdAGM
Panthera Resources PLCAGM
Reconstruction Capital II LtdAGM
Renishaw PLCAGM
RiverFort Global Opportunities PLCAGM
Sabien Technology Group PLCAGM
Scancell Holdings PLCAGM
Seeing Machines LtdAGM
SLF Realisation Fund LtdAGM
Target Healthcare REIT PLCAGM
Thor Energy PLCAGM
Transense Technologies PLCAGM
Vast Resources PLCAGM
Thursday 30 November 
Amur Minerals CorpAGM
Atlantic Lithium LtdAGM
Cordel Group PLCAGM
CQS New City High Yield Fund LtdAGM
DXS International PLCAGM
Europa Metals LtdAGM
Gabelli Merger Plus+ Trust PLCAGM
Kingswood Holdings LtdAGM
MC Mining LtdAGM
MGC Pharmaceuticals LtdAGM
NCC Group PLCAGM
Ovoca Bio PLCAGM
Revolution Bars Group PLCAGM
Roebuck Food Group PLCEGM re fundraising
Ruffer Investment Co LtdAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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25 Sep 2023 13:47

Amur Minerals reports widened interim loss as reviews opportunities

(Alliance News) - Amur Minerals Corp on Monday announced a narrowed interim loss as it reviewed several reverse takeover opportunities, following the sale of its Russia-based subsidiary in March.

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7 Sep 2023 20:27

TRADING UPDATES: Tintra receives bid approach; NCC trading in line

(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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8 Aug 2023 11:51

Amur Minerals ends discussions over possible Ascent Resources takeover

(Alliance News) - Ascent Resources PLC and Amur Minerals Corp on Tuesday both acknowledged Amur's ending of discussions over a prospective takeover by Ascent.

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30 Jun 2023 17:26

EARNINGS SUMMARY: Powerhouse loss widens hugely, DCI Advisors narrows

(Alliance News) - The following is a round-up of 2022 annual results by London-listed companies, issued on Friday and not separately reported by Alliance News:

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2 Jun 2023 10:48

Amur Minerals to consider Ascent's possible takeover offer

(Alliance News) - Amur Minerals Corp on Friday noted Ascent Resources PLC's announcement of a possible takeover bid for Amur and said it would "consider" the terms on offer.

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1 Jun 2023 16:57

LONDON MARKET CLOSE: Stocks green amid cooling eurozone inflation

(Alliance News) - Stocks in London were higher at the close on Thursday as markets breathed a sigh of relief that the US debt ceiling deal was approved by the House of Representatives.

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1 Jun 2023 13:54

Ascent Resources bids to buy Amur Minerals with all-share offer

(Alliance News) - Ascent Resources PLC on Thursday said it wants to buy fellow London listing Amur Minerals Corp in an all-share deal.

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25 May 2023 20:43

IN BRIEF: Amur Minerals to leave FTSE AIM All-Share Index June 1

Amur Minerals Corp - Russia-focused nickel copper sulphide exploration company - Will leave the FTSE AIM All-Share Index next week Thursday, FTSE Russell reports.

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14 Mar 2023 14:34

Amur Minerals shares jump as receives USD35 million from disposal

(Alliance News) - Amur Minerals Corp on Tuesday said it has received USD35 million from the sale of nickel copper sulphide asset Kun-Manie in Russia.

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6 Mar 2023 17:00

LONDON MARKET CLOSE: Stocks down ahead of Fed Chair Powell's report

(Alliance News) - Stock prices in London closed mostly lower on Monday, with the FTSE 100 weighed down by its mining stocks.

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6 Mar 2023 10:48

AIM WINNERS & LOSERS: Amur to pay dividends after disposal completion

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

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6 Mar 2023 10:30

IN BRIEF: Amur Minerals shares soar on disposal of Kun-Manie project

Amur Minerals Corp - Russia-focused nickel copper sulphide exploration company - Completes the disposal of its interest in the Kun-Manie nickel copper sulphide project in Russia to Bering Metals LLC for USD35 million. The price represents a 44% premium to the Kun-Manie book value of USD24.3 million as at December 31, 2021. As a result of the disposal, Amur says it intends to pay a special dividend of 1.8 pence per share to shareholders within 90 days of the receipt of the consideration.

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