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Pin to quick picksBens Creek Share News (BEN)

  • This share is currently suspended. It was suspended at a price of 0.175

Share Price Information for Bens Creek (BEN)

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Share Price: 0.175
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TRADING UPDATES: Solid State expects to top annual expectations

Wed, 26th Oct 2022 14:35

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

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Solid State PLC - Worcestershire, England-based computing products manufacturer - Expects revenue for six months that ended September 30 to reach around GBP59.0 million, up 51% from GBP39.0 million the year before. Says it has seen a "significant revenue benefit in the first half from the strength of the US Dollar". Adjusted pretax profit is expected to be around GBP5.0 million, up 52% from GBP3.3 million. Looking ahead, Solid State says it expects to exceed current revenue expectations being GBP117.3 million, and be marginally ahead of the adjusted pretax profit guidance of GBP9.4 million for financial 2023. Previously revenue was forecasted at GBP108 million and adjusted pretax profit at GBP9.2 million.

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Thor Mining PLC - Australia-focused exploration and development company - Completes the 2,000 metre reverse circulation drilling programme at the Ragged Range project in the eastern Pilbara in Western Australia. Says six holes tested at Kelly's Ridge showed up to 15.5 grams of gold per tonne, and 535 grams of silver per tonne. Managing Director Nicole Galloway says: "The program was designed to follow up on prospective rock chip samples, including a high-grade, historic drill intercept. We look forward to reporting the results of the program in due course."

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Bens Creek Group PLC - operates metallurgical coal mine in US state of West Virginia - Says highwall miner has been moved into position on the new permitted area following an announcement on September 22. Also confirms that mining has started on the new permit area. Chief Executive Officer Adam Wilson says: "This is a landmark occasion moving operations onto the new larger permit area, which can support two highwall miners, will enable us to increase production levels and meet our operational targets."

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Shanta Gold Ltd - Guernsey-based east Africa-focused gold producer, developer and explorer - Gold production increases by 11% during the third quarter that ended on September 30 to 19,532 ounces from 17,527 ounces in the previous quarter. Says 2022 production is expected to achieve the low end of the 68,000 to 76,000 ounce guidance range. Earnings before interest, tax, depreciation and amortisation amount to USD10.9 million, down from USD11.9 million in the previous quarter. "In addition to this, drilling at West Kenya and construction work at Singida are both progressing well, and we remain on track for first gold pour at Singida in March 2023", Chief Executive Officer Eric Zurrin says.

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By Xindi Wei; xindiwei@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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14 Mar 2022 11:26

Bens Creek jumps monthly coal supply deal and positive price outlook

(Alliance News) - Bens Creek Group PLC said on Monday it will supply 264,000 tonnes of raw coal to New York-based coal supplier Integrity Coal Sales Inc on monthly basis beginning from April.

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TRADING UPDATES: Tintra faces sale delay; Seplat makes acquisition

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18 Feb 2022 19:39

IN BRIEF: Bens Creek issues USD6.0 million loan note to ACAM

Bens Creek Group PLC - London-based coal mine operator and owner with projects in North America - Agrees to issue second convertible loan note to ACAM LP, in order to raise USD6.0 million.

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18 Feb 2022 14:49

Bens Creek raises $6m to fund future acquisitions

(Sharecast News) - Metallurgical coal miner Bens Creek has agreed to issue a second convertible loan note to raise an additional $6m (£4.41m), it announced on Friday, to finance future acquisitions.

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18 Jan 2022 11:53

IN BRIEF: Bens Creek buys second highwall miner to "double" production

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17 Jan 2022 14:35

IN BRIEF: Bens Creek jumps as sale and delivery of coal commences

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17 Jan 2022 12:52

Bens Creek starts delivering metallurgical coal ahead of plan

(Sharecast News) - North America-focussed metallurgical coal miner Bens Creek Group announced on Monday that, following discussions with its offtake partner Integrity Coal Sales of New York, it had started the sale and delivery of metallurgical coal.

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10 Jan 2022 19:34

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10 Jan 2022 15:10

Bens Creek upbeat on results of coal analysis

(Sharecast News) - North American metallurgical coal miner Bens Creek announced the results of the initial quality analysis of its stock of metallurgical coal on Monday, following the start of production in December at its West Virginia site.

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IN BRIEF: Bens Creek enters lease for property near coal mine

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