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
6 Feb 2014 11:45

UK WINNERS & LOSERS: EasyJet And TUI Travel In Different Directions

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

-------

FTSE 100 - WINNERS

Vodafone, up 2.9%. The telecommunications company has confirmed its ful

Read more
5 Feb 2014 15:58

GCM Resources Notes Press Speculation Over Bangladeshi Coal Policy As Share Price Jumps

LONDON (Alliance News) - GCM Resources PLC Wednesday said it knows of no other reason for its recent 62% share price increase other than the possible finalisation of the Government of Bangladesh's Coal Policy. The resource exploration and development company said that press speculation in B

Read more
24 Jan 2014 15:05

GCM Resources narrows half-year losses

GCM Resources narrowed its half-year losses as the miner cut administrative costs by more than a half. The company reported a loss after tax of £518,000 for the six months through December, compared to a loss of £2,1m a year earlier. Administrative expenses dropped to £343,000 from £564,000. The

Read more
24 Jan 2014 10:29

GCM Resources Loss Narrows As It Cuts Administrative Costs

LONDON (Alliance News) - GCM Resources PLC Friday reported a narrowed loss for the first half of its financial year as it cut its administrative expenses by over half, and said it would now engage with the re-elected Bangladesh government to progress the approval process for its coal prospect in

Read more
24 Jan 2014 10:28

LONDON (Alliance News) - GCM Resources PLC Friday reported a narrowed loss for the first half of its financial year as it cut its administrative expenses by over half, and said it would now engage with the re-elected Bangladesh government to progress the approval process for its coal prospect in

Read more
31 Oct 2013 14:24

GCM Resources Pretax Loss Widens On Exceptional Items

Read more
1 Feb 2013 09:31

GCM Resources disposes of stake in Polo Resources

London-based mining company GCM Resources announced Friday it sold its investment in Polo Resources. The group's 74.8m shares in Polo, representing a 2.7% stake, were sold as one block to an undisclosed Malaysian investor for £1.9m. GCM made a total return, including dividends, of £2.8m on its or

Read more
30 Jan 2013 12:45

GCM Resources Director steps down

GCM Resources announced Wednesday the resignation of Director Graham Taggart. Taggart will continue to provide consulting services to the mining company as he steps down effective immediately. Executive Director Gary Lye and Non-Executive Chairman Gerard Holden will work together to cover the rol

Read more
7 Sep 2011 13:58

GCM back in profit

Mining firm GCM Resources swung back into profit in the year to the end of June despite its principal asset in Bangladesh remaining undeveloped. The firm posted a pre tax profit of £2,25m, compared to a loss of £4.2m in the 2010. Diluted earnings per share came in at 4.2p. GCM said it had disposed

Read more
8 Nov 2010 18:44

Polo boost from potential Caledon offer

AIM-quoted Polo Resources will be a winner from a bid for coal miner Caledon Resources. The intended offer for AIM-quoted and ASX-listed Caledon from Guangdong Rising Asset Management (GRAM), which is worth 112p cash per share and values the company overall at £252m, still has to get over a number

Read more
29 Sep 2010 14:57

Small caps round-up: Avocet Mining, Panmure, Evolve Capital...

Avocet Mining is on the up again after increasing new proven and probable ore reserve at the Inata gold mine in Burkina Faso and a mine life extended to 2018 at an average annual production of 120,000 ounces. The new mineral reserve of 16.3m tonnes grading 2.06 grammes per tonne for 1.08m ounces o

Read more
29 Jul 2010 11:40

Polo Resources Hasn't Had Further Notification Of Interest From Weiss

LONDON (Dow Jones)--Polo Resources Ltd (POL.LN), said Thursday it notes press speculation following the notification that Weiss Asset Management LP that it holds a 10.6% interest in Polo, adding it has received no further notification of interest from Weiss. MAIN FACTS: -Press speculation al

Read more
25 Sep 2009 16:58

GCM Resources chairman buys in

Coal mine developer GCM Resources' non-executive chairman Gerard Holden has bought nearly £45,000 worth of shares in the company. He took 50,000 at 89p a time. The shares closed at 92p going into the weekend. GCM is hoping to develop the Phulbari Coal project in Bangladesh, pending approval from

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.