The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksBezant Res Share News (BZT)

Share Price Information for Bezant Res (BZT)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 0.0225
Bid: 0.02
Ask: 0.025
Change: -0.0025 (-10.00%)
Spread: 0.005 (25.00%)
Open: 0.0225
High: 0.0244
Low: 0.0225
Prev. Close: 0.025
BZT Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Caerus Mineral Resources loss widens during tumultuous 2022

Wed, 12th Jul 2023 12:47

(Alliance News) - Caerus Mineral Resources PLC on Wednesday said its loss widened in 2022, citing a "tumultuous year".

The Cyprus-focused copper miner said its pretax loss widened in 2022 to GBP5.5 million from, GBP987,970 in 2021. This was largely attributed to an impairment of intangible assets of GBP3.1 million, up from GBP118,690 in 2021.

The company did not generate any revenue in 2022 unchanged from 2021.

Caerus also noted several headwinds related to its joint venture agreement with copper-gold project developer Bezant Resources PLC, which was cancelled back in October. The companies cited an inability to "agree on a way forward".

In January, Caerus sold its Cyprus subsidiaries to PM Ploutonic Metals Ltd and Indo-European Mining PR Ltd for USD528,001 in cash. The company said this was done to focus on the acquisition of larger upstream development opportunities in the battery metals sector.

Looking ahead, Caerus said it is making "meaningful progress" on its new strategy which focuses on clean energy, and added it has made an application to the Financial Conduct Authority for the restoration of its listing. This comes after the company delayed publishing its 2022 audited results, resulting in a temporary share suspension.

By Sabrina Penty, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
12 Feb 2014 12:21

Bezant Says Additional Data To Help Identify Buyer Or Partner For Mankayan

LONDON (Alliance News) - Bezant Resources PLC said Wednesday that additional technical data it has received regarding its Mankayan copper-gold project in the Philippines, as well as an increase in the depth extent of known mineralisation on the eastern part of the deposit, would assist it in iden

Read more
22 Jan 2014 12:56

STOCKS NEWS EUROPE-UK small caps edge up; Picton Property gains

The FTSE small cap index rises 0.1 percent, outperforming the junior FTSE AIM All Share index, which is down 0.1 percent. Shares in Picton Property Income rise 3 percent as the fund reports its net assets increased 13.5 percent to 204.3 million pounds ($336.35 million)in the last three mont

Read more
22 Jan 2014 10:56

UK WINNERS & LOSERS: Sage Group Leads Blue-Chip Gainers

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Wednesday.

-------

FTSE 100 - WINNERS

Sage Group, up 4.9%. The business-management software company has reve

Read more
22 Jan 2014 09:02

Bezant Resources Says Gold Fields Declines To Buy Mankayan Project

LONDON (Alliance News) - Bezant Resources PLC Wednesday said Gold Fields Netherlands Services BV will not be exercising its exclusive option the acquire the company's Mankayan project in the Philippines. The natural resource exploration and development company, with operations in the Philip

Read more
13 Nov 2013 14:26

Bezant Pretax Loss Narrows

Read more
16 Oct 2013 08:54

Bezant Resources Says Trenching Work Confirms Value Of Eureka Site

Read more
30 Sep 2013 15:05

LP Hill, Bezant Resources Executive Chairman Gerard Nealon Dies

Read more
30 May 2013 15:47

STOCKS NEWS EUROPE-AIM stocks rise, outperform FTSE small caps

The FTSE Alternative Investment Market (AIM) all-share index of UK small stocks ends up 0.5 percent, outperforming the higher capitalisation FTSE small-cap index, flat, and mid caps, up 0.4 percent. AIM-listed Bezant resources rises 2.4 percent as minerals exploration and development compan

Read more
30 May 2013 11:20

STOCKS NEWS EUROPE-AIM stocks outpace FTSE small caps at midday

The FTSE Alternative Investment Market (AIM) all-share index of UK small stocks rises 0.3 percent, outperforming the higher capitalisation FTSE small-cap index, down 0.1 percent, and mid caps, up 0.1 percent. Shares in AIM-listed oil explorer Gulf Keystone rise 4.9 percent to 159.5 pence as

Read more
23 Jan 2013 08:38

Bezant Resources still awaiting regulatory approval for Eureka project

AIM-listed gold and copper exploration company Bezant Resources is still awaiting final approvals from provincial authorities for its wholly-owned Eureka Project, located in the province of Jujuy, north-west Argentina. Environmental Impact Assessment approval is needed to ensure that the project's

Read more
18 Jun 2012 16:25

Sales for both Ffastfill and National Grid directors

The Corporate Development Director of Ffastfill, has sold 1.383m shares in the firm just a fortnight after the company posted a drop in pre-tax profits. Nigel Hartnell ditched the shares for 13.50p a pop, pocketing £186,705 in the process. Revenue for the full year rose from £15.5m to £17.2m, bu

Read more
5 Oct 2011 14:52

Bezant plans to ditch Asean Copper

AIM-quoted Bezant Resources has entered into an option agreement for the disposal of Asean Copper Investments to Gold Fields Netherlands Services BV. The sale would generate $7m in a non-refundable, upfront cash payment, with a further $63m payable on Gold Field's exercise of the option, to acquir

Read more
15 Aug 2011 15:43

Sale of flagship Bezant mine in advanced stages

Shares in Bezant, the AIM listed gold and copper miner, jumped today after it said it was in advanced negotiations to sell its flagship Filipino copper project. The announcement came in a statement designed to trumpet completion of initial work on Bezant's Eureka Project in Argentina. However, ana

Read more
30 Mar 2011 16:30

Bezant to focus on Argentina

AIM-quoted Bezant Resources is trying to sell its Mankayan copper-gold project in the Philippines and concentrate on the Eureka copper-gold project in Argentina. There was a cash outflow of £920,000 in 2010 as Bezant undertook scoping studies on its projects. This has helped to confirm the potenti

Read more
19 Jan 2011 12:29

Bezant moves forward at Mankayan

Shares in Bezant Resources rose by almost a third after the copper and gold miner reported good progress at its Mankayan project in the Philippines. The group says a conceptual study at the site confirmed the technical and economic feasibility of the project and the potential move to a "pre-feasibi

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.