Less Ads, More Data, More Tools Register for FREE

Pin to quick picksAndrada Mining. Share News (ATM)

Share Price Information for Andrada Mining. (ATM)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 4.65
Bid: 4.50
Ask: 4.80
Change: -0.10 (-2.13%)
Spread: 0.30 (6.667%)
Open: 4.75
High: 4.60
Low: 4.60
Prev. Close: 4.70
ATM Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

AfriTin Annual Loss Narrows As Administrative Expenses Fall

Tue, 02nd Jul 2019 11:34

(Alliance News) - AfriTin Mining Ltd on Tuesday said its annual loss narrowed on reduced administrative expenses and increased sand sales.

In its year ended February 28, the miner's pretax loss totalled GBP1.1 million, shrinking from a GBP1.5 million loss for the six months to February 28 the year before. The company listed on London's AIM market in November.

Administrative expenses made up the bulk of this difference, dropping to GBP1.1 million from USD1.6 million. However, the company's financial 2019 year also benefited from GBP26,782 of revenue from the sale of sand at the Zaaiplaats project in South Africa, versus GBP17,826 from the six months to February 28 the year before.

The company did not, however, earn any revenue from the sale of tin concentrate, which is its primary activity. However, it does expect to begin production at its Uis project in Namibia very soon.

Chair Glen Parsons said: "We will focus on the goal of commissioning the phase 1 pilot plant and becoming a producer of tin concentrate. With production imminent at Uis, further attention will now be placed on confirming the JORC-compliant resource, and starting a full feasibility study. The appeal and scale of AfriTin's tin mineralisation at Uis and surrounding permit areas, the discovery of lithium pegmatites at the ML 133 licence, and the acquisition of further prospective license areas near Brandberg West all considerably enhance AfriTin's potential to realise additional value in the future.

"We look forward to the exciting upcoming months for AfriTin with the imminent production of tin at Uis and further developments as we advance to the larger phase 2 development of the mine."

Shares in AfriTin were up 1.5% at 3.50 pence in London on Tuesday.

More News
29 Sep 2020 15:50

UK EARNINGS SUMMARY: Trans-Siberian Profit Down On Covid-Related Costs

UK EARNINGS SUMMARY: Trans-Siberian Profit Down On Covid-Related Costs

Read more
9 Sep 2020 16:34

IN BRIEF: AfriTin Mining Says Strict Virus Curbs Still In Place At Uis

IN BRIEF: AfriTin Mining Says Strict Virus Curbs Still In Place At Uis

Read more
9 Sep 2020 12:20

AfriTin completes bottleneck work at Uis mine processing plant

(Sharecast News) - Namibia-focussed tin mining company AfriTin Mining updated the market on its flagship Uis mine on Wednesday, reporting that modifications to address bottlenecks in the fines dewatering circuit of the processing plant were now complete.

Read more
28 Aug 2020 12:22

AfriTin Mining Ramps Up Tin Operations In Namibia; Sceptical Of Virus

AfriTin Mining Ramps Up Tin Operations In Namibia; Sceptical Of Virus

Read more
5 Aug 2020 19:16

UK TRADING UPDATE SUMMARY: Regional REIT Valuation Dips In First Half

UK TRADING UPDATE SUMMARY: Regional REIT Valuation Dips In First Half

Read more
5 Aug 2020 09:39

AfriTin Mining tin concentrate production rises in July

(Sharecast News) - Africa-focussed tin mining company AfriTin Mining updated the market on operations at its Uis Tin Mine in Namibia on Wednesday, reporting monthly production of tin concentrate for July as increasing 79% month-on-month, to 35 tonnes.

Read more
4 Aug 2020 06:58

IN BRIEF: AfriTin Raises GBP3.1 Million To Fund Projects

IN BRIEF: AfriTin Raises GBP3.1 Million To Fund Projects

Read more
16 Jun 2020 14:36

IN BRIEF: AfriTin Up And Running Again At Namibia's Uis Tin Mime

IN BRIEF: AfriTin Up And Running Again At Namibia's Uis Tin Mime

Read more
5 May 2020 14:36

AfriTin Mining Secures New GBP2 Million Loan Note Facility

AfriTin Mining Secures New GBP2 Million Loan Note Facility

Read more
18 Feb 2020 15:48

AfriTin makes progress at flagship Uis Tin Mine

(Sharecast News) - Namibia and South Africa-focussed tin company AfriTin Mining updated the market on operations on its phase 1 pilot plant project at its flagship asset, the Uis Tin Mine in Namibia, on Tuesday/

Read more
18 Feb 2020 11:54

AfriTin Mining Seals Maiden Tin Concentrate Sale From Uis Mine

AfriTin Mining Seals Maiden Tin Concentrate Sale From Uis Mine

Read more
29 Nov 2019 13:26

AfriTin Mining Interim Loss Widens, Focus Remains On Uis Mine

AfriTin Mining Interim Loss Widens, Focus Remains On Uis Mine

Read more
26 Nov 2019 15:42

AfriTin Mining raises ?3.8m as it continues ramp-up at Uis

(Sharecast News) - Namibia and South Africa-focussed tin mining company AfriTin Mining has raised £3.8m through the issue of unsecured loan notes, it announced on Tuesday.

Read more
26 Nov 2019 12:06

AfriTin Mining Raises Funds As It Experiences Delays At Namibian Mine

AfriTin Mining Raises Funds As It Experiences Delays At Namibian Mine

Read more
16 Sep 2019 13:55

AfriTin Mining Reports Maiden Resource Estimate For Uis Tin Mine

(Alliance News) - AfriTin Mining Ltd on Monday announced its maiden resource estimate for the Uis Tin mine in Namibia, following a drilling programme which was completed in May.The drilling

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.