Roundtable Discussion; The Future of Mineral Sands. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksGCM Resources Share News (GCM)

Share Price Information for GCM Resources (GCM)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 6.375
Bid: 6.25
Ask: 6.50
Change: -0.125 (-1.89%)
Spread: 0.25 (4.00%)
Open: 6.625
High: 6.60
Low: 6.375
Prev. Close: 6.625
GCM Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

EARNINGS UPDATES: Insig AI momentum builds; Scotgold makes strides

Wed, 22nd Dec 2021 18:23

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

----------

Insig AI PLC - London-based machine learning and data science firm which serves the asset management industry, formerly known as Catena Group PLC - Revenue from trading activity for six months to September 30 jumps to GBP896,000 from GBP196,000, while pretax loss widens to GBP844,000 from GBP287,000. Administrative expenses increase to GBP2.2 million from GBP567,000, though it realises gain on share investment of GBP1.4 million versus nothing a year before. Says each month continues to be "busier than the last" and firm expects this to continue. "The coming quarter and 2022 should demonstrate our ability to secure multiple contract wins, as we successfully leverage our machine learning technology and exploit it, so it fuels fast growing and increasingly higher margin revenues. I look forward to a very exciting 2022," says Chief Executive Steven Cracknell.

----------

Scotgold Resources Ltd - gold and silver explorer and producer in Scotland - Posts revenue of USD299,807 for financial year ended June 30, versus nothing a year ago. However, pretax loss widens to USD5.0 million from USD2.5 million. Says that as of August 2021, it has consistently achieved production revenue that exceeds operational costs. "December production currently looks to be another step change higher than previous months, further demonstrating the significant strides we're making as a team," says Chief Executive Phil Day. Adds that operational and strategy update will be made in January 2022.

----------

GCM Resources PLC - Phulbari coal and power project in north-west Bangladesh - Pretax loss for financial year ended June 30 widens to GBP1.9 million from GBP1.5 million the year before. No revenue generated in either period. Says pandemic meant progress did not meet expectations in the year. "We have remained focussed on delivering returns on shareholder investment through packaging the project in its best possible form with the key step still being approval from the Bangladesh Government," company says.

----------

Critical Metals PLC - Africa-focused natural resources investor - Pretax loss for financial year to June 30 GBP347,584, widened from GBP98,293 the year before. No revenue generated in either period. Says it has been completing due diligence on deal to purchase a controlling position in a company that holds the rights to a previously producing copper-cobalt property in the Democratic Republic of Congo. Plans to file for readmission to the London Stock Exchange in early 2022 as a mining company enlarged by the acquisition of an indirect controlling interest in the Molulu Project. "The goal of our company to become cash flow positive in 2022 and beyond is still intact, and, looking forward, I am very excited about what the entry into 2022 will hold for Critical Metals. The board believes that 2022 will be a year of significant growth for the company as we look to advance our strategy and create value for shareholders," it says.

----------

Bens Creek Group PLC - owner of metallurgical coal mine in North America - Reports pretax loss of USD605,665 for period stretching August 11 to September 30, 2021. Of this, USD483,750 attributable to costs associated with listing process. Firm was incorporated in August and then floated in London in October. Says target remains to be shipping coal and generating revenue by the end of the first quarter of 2022.

----------

Goldplat PLC - gold recovery operations in South Africa and Ghana - Revenue for financial year ended June 30 rises to GBP35.4 million from GBP24.8 million the year before, but pretax profit falls to GBP3.7 million from GBP5.7 million. This is due to cost of sales jumping 67% to GBP29.2 million from GBP17.5 million, outstripping the pace of revenue growth, which was 43%. It notes higher input costs and tighter margins in South Africa. "The company will remain focused on sharing future cashflows with shareholders, specifically distributing cash surplus to the Group's operational requirements and growth plans to shareholders," it says.

----------

Caledonian Trust PLC - Edinburgh-based property investment holding and development company - Net asset value per share at June 30 208.4p, up from 204.5p year-on-year. Revenue in year jumps to GBP4.6 million from just GBP536,000 the year prior, and pretax profit jumps to GBP460,000 from GBP95,000. "The board does not recommend a final dividend, but intends to restore dividends when profitability and consideration for other opportunities and obligations permit," the firm says.

----------

By Lucy Heming; lucyheming@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
15 Mar 2019 11:35

GCM Resources lands second JV with PowerChina

(Sharecast News) - GCM Resources agreed a second joint venture agreement with Power Construction Corporation of China (PowerChina) for the development of an additional coal-fired power plant at the site of the company's proposed coal mine in North-West Bangladesh.

Read more
27 Feb 2019 14:18

GCM Resources Fails To Meet Deadline For Bangladesh Submission

LONDON (Alliance News) - GCM Resources PLC said on Wednesday said it will not meet the target date for a formal proposal to the government of Bangladesh.In mid-January, GCM signed a USD3.5

Read more
21 Jan 2019 12:14

GCM Resources Identifies Replacement For Nominated Adviser

LONDON (Alliance News) - GCM Resources PLC on Monday said it is confident it will appoint a new nominated adviser within the February 1 deadline.The firm said it identified a replacement in

Read more
3 Dec 2018 10:17

GCM Resources Issues 100,000 Shares To Resigning Non-Exec Director (ALLISS)

LONDON (Alliance News) - GCM Resources PLC said Monday it will award outgoing Independent Non-Executive Director Nik Daud 100,000 shares in the company "in appreciation of his company did not

Read more
30 Nov 2018 16:56

GCM Resources Extends Loan With Polo Resources As Annual Loss Deepens (ALLISS)

LONDON (Alliance News) - GCM Resources PLC said Friday its significant investor Polo Resources Ltd has extended its loan to the firm, after it saw annual losses deepen on development costs for its

Read more
27 Nov 2018 10:59

GCM Resources Signs Deal With PowerChina To Develop Mine In Bangladesh

LONDON (Alliance News) - GCM Resources PLC on Tuesday said it has partnered with Power Construction Corp Of China Ltd to develop a coal mine and electricity plant in Bangladesh.GCM shares a

Read more
6 Nov 2018 10:28

GCM Resources Receives Study For Phulbari Power Plants In Bangladesh

LONDON (Alliance News) - GCM Resources PLC said Tuesday it received a prefeasibility study for mine-mouth coal-fired power plants at the Phulbari coal & power project in Bangladesh.The

Read more
26 Oct 2018 12:43

GCM enlists consultancy to find Chinese partners for Bangladesh project

(Sharecast News) - Coal miner GCM Resources on Friday entered into a new consulting agreement with Dyani Corporation Limited to aid relations with Chinese companies.

Read more
26 Oct 2018 11:15

GCM Inks Consulting Pact To Secure Partners For Phulbari Project

LONDON (Alliance News) - GCM Resources PLC said Friday it entered into a consulting agreement with Dyani Corp Ltd to secure Chinese strategic partners for the Phulbari power & coal project in

Read more
11 Sep 2018 12:22

GCM Appoints Sinohydro To Undertake Prefeasibility Study At Phulbari

LONDON (Alliance News) - GCM Resources PLC on Tuesday said engineering construction firm Sinohydro Corp Ltd will undertake a prefeasibility study on mine-mouth coal fired power plants at the coal

Read more
22 Mar 2018 17:11

GCM Resources Shares Fall As Pre-Production Costs Widens Interim Loss

LONDON (Alliance News) - GCM Resources said on Thursday its pretax loss widened in the first half of its financial year due to a substantial rise in operating in GCM Resources

Read more
17 Nov 2016 14:43

GCM Resources widens losses in another year of nil revenue

(ShareCast News) - Resource exploration and development company GCM Resources reported its preliminary results for the year to 30 June on Thursday, with exploration and evaluation costs almost halving from last year, to £0.04m from £0.08m. The AIM-traded firm's share-based payments were up significa

Read more
17 Nov 2016 14:00

GCM Resources Annual Loss Widens; Confident On Phulbari Project

Read more
11 Nov 2016 14:16

GCM Resources and China Gezhouba Engineering to work closer

(ShareCast News) - Resource exploration and development company GCM Resources announced on Friday that a memorandum of understanding has been agreed with China Gezhouba Group International Engineering Company. The AIM-traded firm said the MoU provides for the parties to engage and mutually investiga

Read more
27 Sep 2016 15:22

GCM Resources puts press speculation to bed

(ShareCast News) - London-based resource exploration and development company GCM Resources updated the market on Tuesday, after its press speculation announcement on 23 September. The AIM-traded firm said its investigation found that press speculation in the Bangladesh media of an alleged decision b

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.