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Pin to quick picksCastillo Coppe. Share News (CCZ)

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TRADING UPDATES: Ecora portfolio additions up, Gem Diamonds carats up

Wed, 26th Apr 2023 18:45

(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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Dar Global PLC - luxury international real estate developer - In a trading statement, reports revenue in the first quarter of 2023 of USD35.1 million, compared to USD80.0 million across the whole of 2022. First quarter profit before exceptional items is USD3.9 million compared to a loss of USD100,000 across 2022. Dar Global started trading on the London Stock Exchange in late February after its initial public offering. Chief Executive Officer Ziad El Chaar says: "Since listing, we have unveiled several exciting new developments and partnerships which continue to set Dar Global's business apart. These include the launch of AIDA in Oman, Dar Global's first integrated master plan and DG1, our first own-brand luxury living concept in Dubai's Business Bay district. During the year, we are planning to further expand our luxury brand portfolio offering with prestigious projects in the Spanish regions of Benahavis and Finca Cortesin, which will be developed in collaboration with world renowned luxury brands [...] These projects position Dar Global as a highly differentiated leader in luxury property development, well-prepared to navigate the wider macro-economic uncertainties and deliver sustainable growth for our shareholders. We are pleased with our progress to date on all our projects, sales continue to perform in line with our expectations and we are confident about our prospects given the markets we have chosen to be active in."

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Ecora Resources PLC - London-based natural resources royalty company - First quarter portfolio contribution is USD29.6 million, up 66% from the fourth quarter of 2022, due to "a combination strong steel making coal prices and higher saleable production from Kestrel", with around 850,000 tonnes derived from the group's private royalty area. Chief Executive Officer Marc Bishop Lafleche says: "The portfolio delivered in-line with our expectations for the quarter. Over the next twelve months the producing royalty portfolio is expected to deliver organic growth at Mantos Blancos, Voisey's Bay and from the Maracas Menchen ilmenite plant. In the second half of the year we also expect to see a number of key milestones at development projects including Piaui, Santo Domingo and Mantos Blancos phase 2." Adds: "At West Musgrave, we are delighted that we will have BHP, one of the world's largest diversified mining companies, as a partner during the construction of the copper-nickel mine and its subsequent operation over an expected 24 year mine life, with further production as well as life-of-mine extension upside potential."

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Gem Diamonds Ltd - diamond producer with diamond mining operations in Lesotho and Botswana - Sells 25,687 carats in the first quarter of 2023, up 14% from 22,509 carats in the fourth quarter of 2022. First quarter total value is USD36.7 million, up 13% from USD32.4 million in the fourth quarter. Ore tonnes treated is up 6% to 1.3 million from from 1.2 million, while waste tonnes stripped is up 45% to 2.5 million from 1.7 million.

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Brickability Group PLC - Bridgend, Wales-based construction materials distributor - Expects revenue in the year that ended March 31 of GBP681 million, up 31% from GBP520 million a year earlier, Expects adjusted earnings before interest, tax, depreciation and amortisation of not less than GBP50 million. Says this is above current market expectations. Says it remains confident that the group is well placed to continue delivering on its strategic objectives and the underlying organic growth of the business. Also notes acquisition pipeline "remains strong with the company assessing a number of potential opportunities in line with Brickability's stated strategy to provide geographic and product expansion".

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Castillo Copper Ltd - base metal explorer primarily focused on copper across Australia and Zambia - Says diamond core assays from the Tors Tank prospect in New South Wales "boosts confidence in the shallow, clay-hosted, rare-earth element discovery". Best intercept is 13 metres at 1,550 parts per million total rare earth oxides from 5 metres. At NWQ copper project in Queensland, says geology team will be undertaking site visits to several prospects - including Big One, Arya and Valparaisa - during the first half of 2023 to identify new drill targets.

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88 Energy Ltd - Australia-based, Alaska-focused oil explorer - Says Project Longhorn produces 425 barrels of oil equivalent per day gross in the first quarter of 2023.

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By Greg Rosenvinge, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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22 Mar 2024 17:11

Castillo Copper completes sale of two Broken Hill exploration licences

(Alliance News) - Castillo Copper Ltd on Friday said it completed the sale of two exploration licences at the Broken Hill project in the Kabwe district of Zambia.

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14 Mar 2024 20:56

EARNINGS AND TRADING: Castillo losses double; GCP proposes wind-down

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

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11 Jan 2024 14:29

Castillo Copper says Rimfire deal will help prioritise "core" assets

(Alliance News) - Castillo Copper Ltd on Thursday said it had sold two of its Zambian exploration licences to Rimfire Pacific Mining Ltd.

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15 Dec 2023 14:16

IN BRIEF: Castillo Copper director becomes non-executive to trim costs

Castillo Copper - base metal explorer primarily focused on copper across Australia and Zambia - Says Interim Executive Director Jack Sedgwick has transitioned to the role of non-executive director, effective immediately, as streamlining to save annual costs. Says this shows its "commitment to cost efficiency." Sedgwick had originally been appointed as interim executive director in late October after

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15 Nov 2023 15:51

UK shareholder meetings calendar - next 7 days

Thursday 16 November 
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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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24 Oct 2023 14:40

EARNINGS AND TRADING: Cambridge Cognition launches AQUA solution

(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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17 Oct 2023 11:39

Castillo Copper sees shares slip on strategic asset portfolio review

(Alliance News) - Castillo Copper Ltd on Tuesday said that it has started a wholesale strategic asset portfolio review in order to decide the best path forwards following a number of management changes.

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10 Oct 2023 13:38

Castillo Copper Managing Director Dennis Jensen steps down

(Alliance News) - Castillo Copper Ltd on Tuesday said Managing Director Dennis Jensen has resigned and that it plans to review its portfolio and plans "in the coming weeks."

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3 Oct 2023 19:35

IN BRIEF: Castillo Copper pretax loss multiplies on impairment charge

Castillo Copper Ltd - base metal explorer primarily focused on copper across Australia and Zambia - Reports revenue in the year to June 30 of USD15,615, down sharply from USD145,218 the year before. Takes impairment of exploration expenditure of USD5.7 million compared to zero before. As a result, pretax loss multiplies to USD6.9 million from USD1.7 million with basic and diluted loss per share 0.53 cents compared to 0.13 cents. Says core theme remains to align with strategic development partners to optimise the value creating potential from the current asset portfolio. Will consider any outright offer to acquire one of the assets based on its merits.

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24 Jul 2023 10:39

Castillo Copper retracts production targets announcement on ASX rules

(Alliance News) - Castillo Copper Ltd on Monday saw its shares take a tumble, after it retracted an announcement made earlier in July, in which it based production targets on an inferred resource.

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24 Jul 2023 09:24

SMALL-CAP WINNERS & LOSERS: S4 Capital shares drop as guidance lowered

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday.

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13 Jul 2023 14:02

Castillo Copper study shows AUD28 million value for Big One deposit

(Alliance News) - Castillo Copper Ltd on Thursday said it has received a preliminary pit optimisation study on the Big One deposit, at its NWQ project, showing a net present value of AUD28 million, around GBP14.7 million.

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14 Jun 2023 12:06

IN BRIEF: Castillo "pleased" by metallurgical test work at Broken Hill

Castillo Copper Ltd - Base metals explorer focused on copper across Australia and Zambia - Receives preliminary report from the Australian Nuclear Science & Technology Organisation, concerning metallurgical test-work performed on six samples from Fence Gossan, Reefs and Tors Tanks prospects in the Broken Hill Alliance project in New South Wales. Total rare earth element plus yttrium grades ranged from 227 to 1,632 parts per million. Yttrium is a rare earth element. Proportion of high-value magnetic rare earth oxides to total rare earths oxide ranged from 22% to 27%. Best total rare earth element plus yttrium extraction was 30%, using a direct leach process at pH 1. Board is reviewing next steps proposed by ANTSO, including trialling alternate leach tests to improve extraction results. Entech Mining Ltd meanwhile is completing pit optimisation and mine design study for Big One deposit. Castillo's geology team is close to finishing an update on the 2017 mineral resource estimate for Cangai Copper Mine in New South Wales.

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14 Jun 2023 09:19

SMALL-CAP WINNERS & LOSERS: Robert Walters drops on lowered outlook

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday.

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