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Pin to quick picksAnglesey Mining Share News (AYM)

Share Price Information for Anglesey Mining (AYM)

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EARNINGS: Migo underperforms benchmark, Blackrock Income grows value

Wed, 27th Dec 2023 12:21

(Alliance News) - The following is a round-up of earnings for London-listed companies, issued in the past week and not separately reported by Alliance News:

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Anglesey Mining PLC - Base metals miner with operations in North Wales, Sweden and Canada - Pretax loss for the six months to September 30 widens to GBP604,787 from GBP468,656 the prior year. Expenditure on the mineral properties reduces to GBP174,748 from GBP320,887, although this is primarily due to a cessation in Parys Mountain drilling activity. Firm continues to "firmly believe" it is well-positioned to advance its key Parys Mountain and Grangesberg projects next year, and expects drilling at Parys's Northern Copper Zone to generate strong results. Is encouraged by rising investor interest despite global uncertainties and "difficult" markets.

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Blackrock Income & Growth Investment Trust PLC - London-based investment trust - Net asset value at October 31 is 194.90 pence per share, up from 191.63p at the same time one year prior. Delivers positive 5.2% total return for the year that ended on October 31, compared with the prior year's negative 2.3%. Benchmark FTSE All-Share Index delivers positive 5.9%, following negative 2.8%. Declares 4.8p per share final dividend, up from 4.7p. Total payout increases to 7.4p from 7.3p. Blackrock Income & Growth says it has "every confidence" going into 2024 in its portfolio managers, who "remain cautiously positioned" but "believe that the UK market offers a wealth of opportunity".

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Hargreave Hale AIM VCT PLC - venture capital trust investing primarily in companies listed on the AIM market in London - NAV per share drops to 46.34p at September 30 from 60.19p one year prior. Total return for the year ended September 30 is negative 15%, following the prior year's negative 33%. Total dividend decreases to 5.0p from 6.65p. Declares 1.50p final dividend, down from 2p the year before. Expects monetary policy to "become more accommodating" as year progresses, laying groundwork for a "sustainable recovery in value".

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Migo Opportunities Trust PLC - London-based investment company with global and Japan-specific portfolios - NAV decreases 2.9% to 319.2p per share at October 31, from 328.6p at April 30. Delivers negative 1.9% dividend-adjusted total return for the six months ended October 31, while benchmark Sonia Plus 2% achieves positive 3.5%. Says 2023 was "a year of significant change" with widening discounts "presenting numerous attractive investment opportunities". Adds that portfolio is well-positioned for future growth.

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Thames Ventures VCT 1 PLC - venture capital trust - NAV decreases to 48.5p at September 30, from 58.8p at the same time in 2022. Declares 1.0p per share interim dividend, down from 1.5p. Notes a "large reduction" of GBP4.1 million in the valuation of Cornelis Networks Inc. Says business are still facing challenges in the UK and internationally, and will monitor portfolio companies closely to ensure macroeconomic difficulties are addressed appropriately.

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Walls & Futures REIT PLC - London-based designer and developer of specialist social housing - NAV per share falls to 87p at September 30, from 89p at March 31. Swings to pretax profit of GBP46,186 for the half year ended September 30, following the previous year's GBP36,686 loss. Rents received rise to GBP62,407 from GBP57,699. Says however that it will not achieve restructuring and capital raise in time for Christmas. Intends to raise GBP10 million in funding for social infrastructure assets in 2024, to ensure that a dividend can be paid. Plans to launch a GBP200 million institutional fundraise in the medium-term future, and move to the main market.

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By Emma Curzon, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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18 Apr 2024 13:52

IN BRIEF: Anglesey Mining appoints Robert Marsden as new CEO from May

Anglesey Mining PLC - Mining company with operations in Wales, Sweden and Canada - Appoints Robert Marsden as new chief executive officer from May 1. He is a mining engineer with 29 years of international experience and held technical, operational and management roles at Rio Tinto PLC for 18 years. Interim Chair Andrew King says: "Having already spent some time with him at Parys Mountain, it is clear Rob has the skillset to oversee the evolution and development of Parys Mountain and, like us, he is enthused by the latest drilling results and grade continuity. As we await the assay results for drill hole NCZ003, I am very much looking forward to his input and perspective as we seek to progress both this project and the company more generally in the future." Marsden succeeds Jonathan Battershill, who retired from his role at the end of 2023 but continues on the board of the company as non-executive director.

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18 Apr 2024 10:46

Anglesey Mining names new CEO

(Sharecast News) - North Wales-focussed miner Anglesey Mining has appointed Robert Marsden to the role of chief executive officer.

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13 Mar 2024 18:18

TRADING UPDATES: Redrock acquires remainder of Australian subsidiary

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

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13 Mar 2024 14:13

Anglesey Mining reports fresh assays from Northern Copper Zone

(Sharecast News) - Anglesey Mining reported assay results from drill hole NCZ002 on Wednesday, marking a significant development in its infill drilling programme at the Northern Copper Zone (NCZ) and Garth Daniel Zone (GDZ) within the Parys Mountain project on the Isle of Anglesey in north west Wales.

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20 Feb 2024 14:50

Anglesey Mining upbeat on latest drilling at Parys Mountain

(Sharecast News) - Anglesey Mining updated the market on the progress of its Northern Copper Zone (NCZ) mineral resource delineation drilling programme at the Parys Mountain copper-zinc-lead-silver-gold VMS project on Tuesday, located on the Isle of Anglesey in north west Wales.

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20 Feb 2024 11:46

IN BRIEF: Anglesey Mining intersects broad zone of sulphides in Wales

Anglesey Mining PLC - Base metals miner with operations in North Wales, Sweden and Canada - Provides an upbeat update on its drilling program at the Parys Mountain project on the Isle of Anglesey in north-west Wales. Says drill hole NCZ002 is recently completing with a 107-metre apparent thickness zone of visible sulphides identified between 413 metres and 520 metres downhole. Results were dispatched to ALS laboratory on Friday, with results expected in the next few weeks. "I am delighted to report that ongoing drilling of the Northern Copper Zone is confirming that Parys Mountain has a significant zone of copper dominant mineralisation within an area 600 to 700 metres along strike and 300 to 400m down dip. Widths of mineralisation appear to be averaging over 20 metres in this zone with copper equivalent grades of between 1.0 – 1.3%," says Interim Chair Andrew King.

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20 Feb 2024 10:44

AIM WINNERS & LOSERS: VR firm Engage XR wins seven-figure contract

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

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19 Jan 2024 12:59

Anglesey announces promising Parys Mountain assays

(Sharecast News) - Anglesey announced promising assay results from its recent drilling project at the Parys Mountain project on the Isle of Anglesey in north west Wales on Friday.

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19 Jan 2024 10:42

IN BRIEF: Anglesey Mining finds copper equivalent, gold in Wales

Anglesey Mining PLC - Base metals miner with operations in North Wales, Sweden and Canada - Finds 22.0 metre intersection with 3.7% copper equivalent in hole NCZ001 in the Garth Daniel zone on Parys mountain on the Isle of Anglesey in north west Wales. Further, finds 0.7 grams of gold per tonne and 16 grams of silver per tonne at an intersection of hole NCZ001 in the northern copper zone. Interim Chair Andrew King says: "Infill drilling of these mineralised zones will play a crucial role in the development studies for Parys mountain. The primary target for this program is to provide additional pierce points to enable the current 'inferred' resources to be upgraded to the 'indicated' category. The second drill hole, NCZ002, is currently at a depth of around 360 metres with the northern copper zone target estimated to commence at a downhole depth of around 420 metres."

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13 Dec 2023 14:09

IN BRIEF: Anglesey Mining stock rises as Parys drilling progresses

Anglesey Mining PLC - Base metals miner with operations in North Wales, Sweden and Canada - Confirms completion on Monday of first drill hole into the Northern Copper Zone, NCZ001, at its Parys Mountain project on the Isle of Anglesey. NCZ001 was modelled to intersect two potential sulphide mineralisation zones. Says interpreted Northern Copper Zone has, "as expected", varying sulphide accumulation levels. Nearest hole to NCZ001 intersected two zones with grades including 1.20% copper and 1.42% copper equivalent back in the 1970s. Lower zone of aforementioned sulphide accumulation "demonstrates areas with very high levels of chalcopyrite". Firm was however unable to complete the downhole Muon survey on NCZ001 due to a zone of broken ground.

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5 Dec 2023 14:51

Anglesey Mining makes progress with Parys Mountain drilling

(Sharecast News) - Anglesey Mining updated the market on the progress of drilling in the Northern Copper Zone (NCZ) at its Parys Mountain project on the Isle of Anglesey on Tuesday.

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5 Dec 2023 14:31

EARNINGS AND TRADING: Ixico revenue falls, Solid State boosts profit

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

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4 Dec 2023 12:04

IN BRIEF: Anglesey Mining celebrates as test results beat expectations

Anglesey Mining PLC - Base metals miner with operations in North Wales, Sweden and Canada - Hails results from metallurgical testwork on the White Rock and Engine zones at its Parys Mountain project on the Isle of Anglesey. Results include 0.7 grammes of gold per tonne and 49 grams of silver. Company also finds 3.60% zinc, 3.08% lead and 0.42% copper. Preliminary results demonstrate "higher recoveries than those achieved in historical testing". Company expects results from other testwork over the next two to three weeks.

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4 Dec 2023 11:48

Anglesey Mining upbeat on metallurgical test results

(Sharecast News) - Anglesey Mining released preliminary results from its metallurgical test work on the White Rock and Engine Zones at the Parys Mountain project on Monday.

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