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Pin to quick picksGriffin Mining Share News (GFM)

Share Price Information for Griffin Mining (GFM)

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Share Price: 157.00
Bid: 154.00
Ask: 156.00
Change: 1.00 (0.65%)
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Open: 154.00
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TRADING UPDATES: Ramsens resumes dividend; Watkin Jones profit rises

Tue, 18th Jan 2022 20:39

(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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Ramsdens Holdings PLC - Middlesbrough, England-based financial services provider and pawnbroker - Says it delivers a "resilient" annual performance under challenging trading conditions caused by Covid-19 restrictions. For year ended September 30, posts revenue of GBP40.7 million, down from GBP72.5 million in the 18 months to end of September 2020. Pretax profit falls to GBP564,000 from GBP9.2 million. Ramsdens declares final dividend at 1.2 pence, having paid no dividend in financial 2020. "While we remain vigilant to the risk of, and speed of, potential new social and travel restrictions being imposed, as we have seen with the recent development of the Omicron coronavirus variant, we look forward with optimism for financial 2022," says Chief Executive Officer Peter Kenyon.

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Watkin Jones PLC - London-based student accommodation developer and manager - Says it delivers a delivered a strong operational and financial performance in financial 2021, given the ongoing backdrop of Covid. For year ended September 30, revenue up 22% at GBP430.2 million from GBP354.1 million last year and pretax profit up to GBP51.1 million from GBP25.3 million. Declares full year dividend of 8.2p, up 12% from 7.35p. "We continued to enhance our BTR and PBSA development pipeline, which has an estimated future revenue value to the Group of GBP1.8 billion, our largest ever. This gives us excellent visibility of revenues over the next few years," Chief Executive Officer Richard Simpson says.

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Pressure Technologies PLC - Sheffield, England-based engineering firm - Says annual results in line with market expectations. For year to October 2, revenue edges down to GBP25.3 million from GBP25.4 million last year and pretax loss narrows to GBP4.2 million from GBP20.0 million. Declares no dividend. Looking ahead, Pressure says it remain cautious regarding the pace of recovery in PMC, expects improved performance in financial 2022, including restoring profitability in our Al-Met business. "As we begin 2022, the group is well positioned to take advantage of a strong defence order book, exciting growth opportunities in hydrogen energy and the prospect of steadily improving oil and gas market conditions. Our strategy remains focused on delivering value from the growth and development of both divisions and the board remains confident in the prospects and opportunities for the group," says Chief Executive Officer Chris Walters.

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Griffin Mining Ltd - operator of the Caijiaying zinc-gold mine in China - Reports "outstanding" operational result in terms of ore mined, ore processed and in zinc and gold produced. For 2021, zinc concentrate output up at 41,587 tonnes from 32,472 tonnes. Gold concentrate output up at 14,447 ounces from 11,250 ounces. Ore mined rises to 971,492 tonnes from 971,492 tonnes and ore processed increases to 985,404 tonnes from 822,058 tonnes.

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Caerus Mineral Resources PLC - London-based exploration & resource development company - Sets out targets for 2022 concerning joint venture with Bezant Resources PLC, which is focused on the Troulli project in Cyprus. Says at Troulli resource estimation of metal-bearing surface materials is well-advanced with the majority of known targets having been drilled, trenched and sampled during 2021. A sizeable number of samples have been dispatched for laboratory analysis and results are pending. New areas of possible mineralised surface material are found weekly and routinely sampled as a possible addition to the Resource inventory. "Our initial work, strongly suggests that whilst Troulli, is a good start to our joint venture plans, considerable potential exist for repeat type operations within the Cyprus portfolio," says Bezant Chair Colin Bird.

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Oxford Cannabinoid Technologies Holdings PLC - pharmaceutical company developing prescription cannabinoid medicines - Says results for six months to November 30 set to meet management expectations. During six months, approximately GBP920,000 of R&D costs were incurred, primarily on lead drug candidate OCT461201, which accounted for approximately GBP604,000 of the total, with progress being made on all four programmes. Says financial accounting period has been shortened from May 31, to April 30 with the aim of delivering efficiencies in the financial reporting and audit process.

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Kape Technologies PLC - Isle of Man-based digital security and privacy software provider - Expects to report revenue ahead of expectations alongside significant organic subscriber growth for 2021. Annual revenue up 89% at USD230.5 million from USD122.2 million in 2020. Kape generates strong organic growth during the year with revenue, excluding the ExpressVPN acquisition, reaching USD212.5 million, which is 5% ahead of the upper range of previous guidance. "This robust performance has enabled Kape to accelerate investment in product development, future-proofing the group's position as a market-leader and underpinning its growth prospects," it says.

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Ariana Resources PLC - exploration firm with interests in Turkey - Says 2021 marked the fifth full-year of operations at Kiziltepe mine in Turkey, which comprised more gold than the original 8-year life of mine production estimated from the feasibility study, highlighting the significant upside generated from Kiziltepe and surrounding prospects such as Kepez. Kiziltepe produced a total of 20,737 ounces of gold during the year, up from 18,645 ounces in 2020 - exceeding its full-year production guidance by 9%

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Xtract Resources PLC - London-based metals and minerals producer - For three months to December 31, gold production up at 2,811 ounces from 1,586 ounces in prior quarter. Chair Colin Bird says: " The development at Guy Fawkes continued with the objective of exploring veins revealed by surface drilling. Construction work for the Fair Bride project advanced satisfactorily and we are very pleased with the engineering standards employed on the build. The contribution of Fair Bride, ongoing Mozambican production and Zambian operations progressing favorably, leads us to be optimistic for production during 2022."

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Ascent Resources PLC - onshore Caribbean, Hispanic American and European-focused natural resources company - Signs joint venture with investment manager Blanco Safi SAC to collaborate on the identification and subsequent development of precious and base metal rich tailing and processing operations. It also raises GBP600,000 by issue of 18 million shares at 3.3p per placing share.

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Donegal Investment Group PLC - Donegal, Ireland-based agricultural firm - Proposes to return EUR20 million to shareholders. In addition, Donegal Investment plans to convert ordinary shares into redeemable shares. Cash of EUR15.30 per ordinary share converted and subsequently redeemed.

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By Arvind Bhunjun; arvindbhunjun@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
Today 14:29

EARNINGS AND TRADING: Griffin Mining profit up; Secure Trust confident

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

Read more
15 May 2024 12:19

Griffin Mining revenue, profits jump in 2023

(Sharecast News) - Griffin Mining reported a substantial increase in revenue in its final results for 2023 on Wednesday, to $146.02m, compared to $94.4m in 2022.

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1 May 2024 09:26

LONDON BROKER RATINGS: UBS double upgrades AJ Bell to 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

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24 Apr 2024 12:26

Griffin Mining subsidiary adds wind energy to Caijiaying Mine

(Sharecast News) - Griffin Mining announced a significant milestone in its sustainability strategy on Wednesday, as its subsidiary Hebei Hua Ao Mining Industry Company (HHA), inked an agreement with Zhangjiakou Guoao New Energy (ZGNE) to exclusively use energy generated from two 6.3MW wind turbines, collectively generating 12.6MW of wind power, at the Caijiaying Mine.

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24 Apr 2024 11:26

Griffin Mining inks deal for Caijaying to be powered by green energy

(Alliance News) - Griffin Mining Ltd on Wednesday said its operating subsidiary Hebei Hua Ao Mining Industry Co Ltd has entered into a deal with Zhangjiakou Guoao New Energy Co Ltd for the Caijaying mine to be 100% powered by green, renewable energy.

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12 Apr 2024 11:30

Griffin Mining begins buyback due to "undervalued" share price

(Alliance News) - Griffin Mining Ltd on Friday commenced a share buyback programme, spurned by what the company deemed an undervaluation of its share price.

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11 Apr 2024 14:22

Griffin Mining production takes hit from Lunar New Year holidays

(Alliance News) - Griffin Mining Ltd on Tuesday reported a drop in quarterly production, following disruption to operations from the Chinese Lunar New Year and Spring Festival holidays.

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11 Apr 2024 09:59

Griffin Mining confident despite first quarter production weakness

(Sharecast News) - Griffin Mining updated the market on production at the Caijiaying zinc-gold mine for the March quarter on Thursday, reporting that operations were affected by the Chinese Lunar New Year and Spring Festival holidays.

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27 Mar 2024 09:40

LONDON BROKER RATINGS: Sainsbury's, Petershill Partners upped to 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

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23 Feb 2024 12:48

Board member resigns from Griffin Mining's HHA subsidiary

(Sharecast News) - Griffin Mining announced the resignation of Shengchang Jin from his position as a director of Hebei Hua Ao Mining (HHA), an operating subsidiary owned 88.8% by the company, on Friday.

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17 Jan 2024 16:55

IN BRIEF: Griffin Mining reports jump in output across board in 2023

Griffin Mining Ltd - China-based mining company which owns the Caijaying Zinc Gold mine - Reports production figures for 2023. Ore mined up 77% to 1.5 million tonnes from 852,579 tonnes the year before, while ore processed jumps 82% to 1.5 million tonnes in 2023 from 831,549 in 2022. Zinc production rises 79% to 56,933 tonnes from 31,787, gold production jumps 68% to 17,052 ounces from 10,137 ounces, silver production climbs 40% to 314,667 ounces from 224,587 ounces and lead production advances 65% to 1,546 tonnes from 940 tonnes. Chair Mladen Ninkov describes figures as "spectacular". "From a company that has only ever raised net capital of under USD30 million and no debt in its 26-year history to now have a world class, modern, underground mine, producing over 1.5 million tonnes of ore per year is an extraordinary."

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17 Jan 2024 14:56

Griffin Mining reports 'spectacular' year at Caijiaying

(Sharecast News) - Griffin Mining released production results for the Caijiaying Zinc Gold Mine for the three months and year ended 31 December on Wednesday, reporting impressive achievements.

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8 Jan 2024 08:38

CORRECT (Jan 5): Griffin Mining buys back shares from joint broker

(Clarifies that Griffin Mining bought back shares.)

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5 Jan 2024 15:24

IN BRIEF: Griffin Mining issues shares to joint broker

Griffin Mining Ltd - China-based mining company which owns the Caijaying Zinc Gold mine - Enters into trades through its joint broker Joh. Berenberg, Gossler & Co KG to issue 8.9 million of its own shares, about 4.6%, at a price of 88 pence per share for GBP7.8 million. Griffin Mining Finance Director Roger Goodwin sells 1.4 million shares at 88p each as part of the transaction. After the sale, Goodwin holds a 0.8% stake of issued shares in the company, or 1.5 million shares.

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15 Dec 2023 10:59

IN BRIEF: Griffin Mining subsidiary director under hotel detention

Griffin Mining Ltd - China-based mining company which owns the Caijaying Zinc Gold mine - Says Director Shengchang Jin of subsidiary Hebei Hua Ao Mining Industry Co Ltd has been placed under hotel detention by Chinese authorities. Says he is being investigated in relation to his role as chief executive officer of Zhangjiakou Yuanrun Enterprise Management Consulting Service Co Ltd. Says investigations only relate to Jin and do not affect any HHA operations.

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