Baker Steel Share News (BSRT)

IN BRIEF: Baker Steel asset value down in 2023 as junior miners suffer

Baker Steel Resources Trust Ltd - invests in mining companies, with exposure to cement, potash, copper, gold and other materials in projects located in Australia, Indonesia, Peru, Zimbabwe and elsewhere - Net asset value declines by 2.8% in 2023 to 77.2 pence per share on December 31 from 79.4p a year before. Total assets are valued at GBP82.4 million, down from GBP84.6 million. Share price falls by 15% in 2023, widening the discount to NAV to 49% at year-end, but the company says it doesn't have the surplus cash to conduct a share buyback. The share price is up 22% so far in 2024. "The environment generally remained difficult for junior development companies needing finance to put their projects into production, whilst sentiment in the capital markets remained 'risk off'," the trust comments, though "producers fared somewhat better."

Baker Steel Resources net asset value falls amid "difficult" market

(Alliance News) - Baker Steel Resources Trust Ltd on Friday said its net asset value declined in its latest half year as the mining development market "remained challenging," while the economic outlook continues to be uncertain.

TRADING UPDATES: Avation enters new lease for Airbus A320 with Cebu

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

UK shareholder meetings calendar - next 7 days

EARNINGS UPDATES: Europa Oil & Gas swings to loss as costs rise

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

UK shareholder meetings calendar - next 7 days

TRADING UPDATES: Caledonia buys Motapa Mining, Gem Diamonds revenue up

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

IN BRIEF: Baker Steel Resources NAV drops as mining firms weaken

Baker Steel Resources Trust Ltd - Guernsey-incorporated firm investing in equities, loans or related instruments of natural resources companies - Net asset value per share as at June 30 stands at 80.4 pence per share, down 18% from 98.4 pence at the end of December, as precious metals mining shared declined on a drop in gold and silver prices, as well as a bearish sentiment in general markets.

IN BRIEF: Caledonia Mining quarterly profit jumps on high gold price

Caledonia Mining Corp PLC - gold producer with operations in Zimbabwe - Profit jumps as it benefits from a high gold price and more production. Pretax profit in the second quarter to June 30 surges to USD18.7 million from USD7.7 million a year ago. Revenue climbs 23% to USD37.0 million from USD30.0 million. Gold output surges 20% to 20,091 ounces from 16,710 ounces. Aims to satisfy conditions to buy Bilboes Gold Ltd and prepare a feasibility study to gauge commercialisation prospects of the Bilboes gold project. In July, seller Baker Steel Resources Trust Ltd said the value of its Bilboes Gold sale to Caledonia was USD14.3 million.

TRADING UPDATES: DP Eurasia system sales rise; Journeo wins contract

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

Caledonia to buy Zimbabwe gold project in $53 mln all-share deal

July 21 (Reuters) - Caledonia Mining Corporation has agreed to buy Zimbabwe's Bilboes Gold Limited in a $53 million all-share deal that could quadruple Caledonia's annual production.

UK shareholder meetings calendar - next 7 days

UK shareholder meetings calendar - next 7 days

TRADING UPDATES: Strong interim results from Epwin, Bridgepoint

TRADING UPDATES: Strong interim results from Epwin, Bridgepoint

UK shareholder meetings calendar - next 7 days

UK shareholder meetings calendar - next 7 days

UK EXECUTIVE CHANGE SUMMARY: Cora Hires Ex-Centamin Exploration Exec

UK EXECUTIVE CHANGE SUMMARY: Cora Hires Ex-Centamin Exploration Exec