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Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO
Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPOView Video
Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant
Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plantView Video

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Pin to quick picksCora Gold Share News (CORA)

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TRADING UPDATES: Numis boosted by busy IPO market; Cora spots gold

Wed, 14th Jul 2021 14:46

(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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Numis Corp PLC - stockbroker and investment bank - Says third quarter ended June 30 was "strong", with revenue topping GBP50 million. "Whilst slightly lower than the H1 run rate, this represented an improved performance on the comparative quarter in FY20 which featured much of the Covid-related deal activity," Numis adds. Numis notes "strong contribution from IPOs" in third quarter but adds M&A advisory business has also performed well. "Whilst we expect deal volumes to reduce over the summer in line with the typical seasonal trend, the pipeline for the remainder of the year, and into next, remains very strong," Numis adds. It expects a "record performance" for full-year.

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Cora Gold Ltd - West Africa-focused gold explorer - Reports "further high grade" results from exploration at Sanankoro gold project in Mali. Says Zone A of asset "continue to reinforce the excellent grade of oxide ore from surface". "We are now moving into the final phases of the drill programme," Chief Executive Officer Bert Monro says.

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88 Energy Ltd - Alaska-focused oil exploration & appraisal company - Says geochemical analysis of fluid extracts from Merlin-1 samples again show presence of hydrocarbons in the Alaska-located mine. "Five of these thirteen trims confirmed the presence of hydrocarbons. This is in addition to the presence of hydrocarbons being confirmed in two of the first five trim results previously received," 88 adds.

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Anglo Asian Mining PLC - gold, copper and silver producer operating in Azerbaijan - Gold equivalent output in second quarter improves 17% year-on-year to 16,740 ounces from 14,301 ounces. Gold output alone up 2.6% to 12,342 ounces from 12,035 ounces. Copper production rises 7.3% to 695 tonnes from 648 tonnes. Anglo Asian affirms annual forecast of 64,000 to 72,000 ounces of gold equivalent output.

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Griffin Mining Ltd - operator of the Caijiaying zinc-gold mine in China - Gold in concentrate output in second quarter more than doubles annually to 4,080 ounces from 1,237 ounces. Silver production rises 17% to 81,098 ounces, zinc improves 38% to 11,645 ounces from 8,431 ounces. Griffin notes quarter is traditionally its weakest due to Chinese New Year.

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Beowulf Mining PLC - exploration and development of gold, copper, lead and zinc - Awards deal to Carci Mining Consultants Ltd to perform mining study at Kallak, Sweden for the purpose of developing open put design and mining schedule at iron ore asset. Notes on July 9, Swedish Prime Minister Stefan Lofven reformed a government and will continue in office, following vote of no confidence in June. Ibrahim Baylan, Sweden minister of Enterprise & Innovation, remains in position, Beowulf says. "During the last few months, Minister Baylan has said that a decision on Kallak will be made once Unesco comments are received," company adds.

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Star Phoenix Group Ltd - oilfield services in Trinidad and oil and gas interest in Indonesia - Commences arbitration proceedings against LandOcean Energy Services Co Ltd as chases outstanding repayment. Star Phoenix after sums amounting to USD8.4 million. Notes further additional claims worth USD1.8 million that fall outside request. "The company is exploring options of bringing these claims separately in the courts of Trinidad & Tobago," Star Phoenix adds.

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Finsbury Food Group PLC - Cardiff-based cake and bread baker - Says revenue in year ended June 26 rose 2.3% to GBP313.3 million from GBP306.3 million, close to pre-Covid level of GBP315.3 million. Finsbury Food adds: "Revenue in the group's core division, UK Bakery, increased 0.8% for the full year, driven by a strong second half with H2 revenues up 6.8% versus the prior year. The recovery of the group's foodservice business has continued although slower than expected due to ongoing Covid restrictions."

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DP Eurasia NV - master franchisee of the Domino's Pizza brand in Turkey, Russia, Azerbaijan and Georgia - System sales in six months ended June 30 rise 58% to TRY1.05 billion, about GBP88.0 million, from TRY664.7 million. Notes "unprecedented" demand in Turkey, compared to weaker comparatives.

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Mission Group PLC - Devon-based creative and marketing technology agency - Expects revenue in six months ended June 30 to rise 8.6% to GBP31.6 million from GBP29.1 million a year prior. Also expects swing to headline operating profit of GBP2.0 million, following GBP1.8 million loss. "The group has a historic second half year weighting in profitability and it currently expects to be on track with full year expectations," Mission adds.

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Intelligent Ultrasound Group PLC - Cardiff, Wales-based artificial intelligence ultrasound software firm - Says revenue for six months to June 30 expected to rise 44% to GBP3.6 million from GBP2.5 million. "The expected increase of over 40% is mainly due to a strong recovery by the group's Simulation division, as well as a small contribution from the group's clinical AI division," company explains. Notes Simulation sales rise by nearly 50% to GBP2.8 million, from GBP1.9 million. Chief Executive Officer Stuart Gall hails "excellent start" to year".

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Science In Sport PLC - London-based sports nutrition products maker - Says revenue in six months to June rises 24% to GBP29.3 million from GBP23.6 million a year prior. Underlying earnings before interest, tax, depreciation and amortisation come in at GBP600,000, swinging from GBP200,000 loss in prior year. "The company's capital investment programme was accelerated, with GBP2.7 million expended in the first half, compared to GBP900,000 in the same period last year," company adds. Also notes online sales "grew strongly", rising 44% to GBP15.7 million from GBP10.9 million a year earlier.

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Kanabo Group PLC - London-based medical cannabis company - Says medicinal cannabis cartridges to be available to UK patients shortly, under brand name Noidecs. Contents of cartridge can be inhaled using Kanabo's VapePod device.

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Portmeirion Group PLC - homewares manufacturer based in Staffordshire, England - Says sales in six months to June 30 rise 34% to GBP43.0 million from GBP32.0 million. Company adds: "We were pleased to see sales growth across our three biggest geographical markets of the UK, USA and South Korea compared to H1 2020. We have also continued to see strong sales growth in online channels in our major markets." Confirms plans to resume dividend payments.

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7digital Group PLC - London-based music licensing provider - Signs extended pact with unnamed "global technology company customer". The customer will use 7Digital's platform to access music catalogue. CEO Paul Langworthy adds: "Following a successful initial term, we are delighted to be expanding our contract with this global technology company on an extended term. This is a major validation of the global scale and reach of our platform, which makes it easy for brands and enterprises to deliver music anywhere in the world to millions of users and is helping to drive growth in the industry. Additionally, the longer-term contract provides us with improved revenue visibility going forward and contributes towards achieving positive Ebitda for the full year."

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
27 Jun 2022 20:26

IN BRIEF: Cora Gold financer signs off on feasibility study delay

Cora Gold Ltd - West Africa-focused gold explorer - Says Lionhead Capital Advisors Proprietary Ltd has confirmed it does not intend to terminate the term sheet for the funding of Cora's flagship Sanankoro Gold Project if Cora fails to deliver the definitive feasibility study by June 30. The delivery of the DFS by the deadline was part of the terms and conditions of the USD25 million mandate and term sheet with Lionhead, as announced last September.

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18 May 2022 21:44

IN BRIEF: Cora Gold posts drilling results from Sanankoro project

Cora Gold Ltd - West Africa-focused gold explorer - Second set of drill results from completed drill programme at Sanankoro gold project in Mali shows shallow oxide mineralisation of good widths and grade.

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16 May 2022 16:20

TRADING UPDATES: Proteome set for profit rise; Kromek expects loss

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

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9 May 2022 13:17

TRADING UPDATES: Longboat buys into assets; Midwich starts 2022 well

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

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16 Mar 2022 14:24

Cora Gold starts new drilling programme at Sanankoro

(Sharecast News) - West Africa-focussed Cora Gold announced on Wednesday that resource drilling had now started at its Sanankoro Gold Project in southern Mali.

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2 Mar 2022 20:28

TRADING UPDATES: MediaZest virus hit; SpaceandPeople Network Rail deal

(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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2 Mar 2022 15:20

Cora makes new surface gold discovery at Sanankoro

(Sharecast News) - West Africa-focussed Cora Gold updated the market on exploration at its portfolio of gold assets in southern Mali on Wednesday, reporting a new surface gold discovery at its flagship Sanankoro Gold Project in previously-unexplored areas seven kilometres from the 'zone A' deposit.

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17 Feb 2022 22:13

TRADING UPDATES: Novacyt gets UK approval; Nostra spuds Cypress well

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

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17 Feb 2022 12:22

Cora Gold to start of 2022 drilling at Sanankoro

(Sharecast News) - West Africa-focussed Cora Gold announced on Thursday that it is due to start a new 2022 drill programme at the flagship Sanankoro Gold Project in southern Mali.

Read more
31 Jan 2022 12:11

IN BRIEF: Cora Gold completes drilling at gold project in Mali

IN BRIEF: Cora Gold completes drilling at gold project in Mali

Read more
31 Jan 2022 11:22

Cora Gold makes on-schedule progress at Sanankoro

(Sharecast News) - West Africa-focussed Cora Gold updated the market on the definitive feasibility study at its Sanankoro gold project in Southern Mali on Monday, reporting that all hydrogeological and geotechnical drilling, associated pump testing and geotechnical test pits were completed on schedule.

Read more
13 Dec 2021 20:29

IN BRIEF: Cora Gold hails progress made at Sanankoro mine

IN BRIEF: Cora Gold hails progress made at Sanankoro mine

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13 Dec 2021 14:37

Cora Gold reports further progress at Sanankoro project

(Sharecast News) - West Africa-focussed gold company Cora Gold updated the market on its definitive feasibility study for the Sanankoro gold project in southern Mali on Monday, reporting that the key consultants and contractors appointed in September had now completed their site visits.

Read more
1 Dec 2021 19:27

TRADING UPDATES: Peel Hunt revenue tanks; Marlowe reaffirms guidance

TRADING UPDATES: Peel Hunt revenue tanks; Marlowe reaffirms guidance

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16 Nov 2021 14:36

IN BRIEF: Cora Gold updates resource estimates at Sanankoro project

IN BRIEF: Cora Gold updates resource estimates at Sanankoro project

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