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Pin to quick picksGolden Metal Re Share News (GMET)

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EARNINGS AND TRADING: Integrated Diagnostics returns to profit

Thu, 16th Nov 2023 17:53

(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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Value and Indexed Prop Income Trust PLC - investor in UK commercial property - Reports net asset value at September 30 was 228.0 pence, down 7.7% from 246.9p at March 31. Posts total return of negative 1.8% over the six months period compared to negative 0.5% for the MSCI UK Quarterly Property Index. Notes a first interim dividend of 3.2p was paid on October 27. A second dividend of 3.2p will be paid on January 26 with a targeted total dividend of 13.2p.

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Goldstone Resources Ltd - Ghana-focused gold producer and explorer - Further to statement of November 13, company says that yesterday it received a letter from its principal secured creditor, Asian Investment Management Services Ltd, which contains the formal default notice regarding the outstanding Gold Loan. As a result, the company has 14 business days from the date of the letter, ending on December 4, to pay the amount due, following which the secured creditor will be entitled to enforce its security on the terms of the pledge agreement dated June 19 2020, the date on which the Gold Loan facility was made available. The letter states it is the creditor's preference to resolve the matter without enforcement action. Talks are ongoing to achieve such a resolution. Shares remain suspended.

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Golden Metal Resources PLC - Nevada, US-focused tungsten, gold, copper, silver and zinc exploration company - Reports pretax loss in the year ended June 30 of USD848,000, widened from USD821,000 the year prior. Income totalled USD30,000 compared to zero last year. Says it has positioned itself to be an important player in the western world's need to reduce its reliance from "unfriendly" countries for several key input metals. As the world continues to recognise the importance of secure metal supply chains, Golden Metal is uniquely well positioned, company says.

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Integrated Diagnostics Holdings PLC - consumer healthcare firm with operations in Egypt, Jordan, Sudan and Nigeria - Reports revenue in the third quarter rose 40% to EGP1.18 billion from EGP846 million the year before. Net profit totalled EGP176 million, swinging from a loss of EGP36 million.

Points out this was the strongest quarterly performance since the start of the year, capitalising on strong momentum seen during May and carrying on throughout the summer period. The quarter recorded a noticeable pickup in patient footfall and testing volumes, specifically in its two largest markets, Egypt and Jordan. Books record test volumes in the quarter, surpassing the 10.0 million test mark for a single quarter for the first time.

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Manolete Partners PLC - London-based insolvency litigation financing firm - Reports revenue in the six months ended September of GBP11.2 million, more than double last year's GBP5.5 million. Pretax profit totalled GBP920,000 swinging from a pretax loss of GBP5.5 million. Basic earnings per share was GBP0.01 compared to LPS of GBP0.10. Chief Executive Steven Cooklin says: "It is pleasing to report another six months of strong growth in the business. A 21% increase in case completions and a 116% increase in new case investments has translated into a 104% increase in total revenues and positive profitability and EPS in the first half of the current trading year." Points out the prior period was negatively impacted by fair value write downs. Ends the current half year with 417 live cases in-progress, 58% higher than at the same time last year. No dividend was paid.

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Aurrigo International PLC - Coventry, England-based autonomous and semi-autonomous vehicle technology provider - Announces retail offer to existing retail shareholders via the BookBuild Platform to raise up to around GBP0.3 million through the issue of up to 325,000 new shares at a price of 100 pence each. Fund raise is in addition to placing announced on Wednesday.

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Origin Enterprises PLC - Dublin-based agronomy services firm - Issues first quarter trading update. Reports solid growth in underlying group volumes of 1.3% compared to prior year. But says continued correction in global feed and fertiliser raw material pricing which led to a decrease in revenue of 26% to EUR532.5 million in the quarter compared to EUR716.2 million the year before. Explains while planting in parts of the UK has been delayed following a later harvest and adverse weather in recent weeks, it is reasonably well advanced with 1.4 million hectares of winter wheat drilled. Current expectation is that around 1.5 million will be drilled compared to last year's 1.8 million hectares. Autumn and winter cropping is expected to decrease marginally in Continental Europe with drought conditions delaying planting in Romania. Announces GBP20 million share buyback.

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By Jeremy Cutler, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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18 Jun 2024 17:32

IN BRIEF: Golden Metal Resources changes to Guardian Metal Resources

Golden Metal Resources PLC - Nevada, US-focused critical and precious metals exploration and development company - Intends to change its name to Guardian Metal Resources PLC, effective from Monday. It says: "The change is to reflect the company's success to date in progressing its projects in the strategic metals arena with the advancement of the Pilot Mountain project hosting what the company believes to be the largest known undeveloped tungsten deposit in the USA as well as at Garfield where the company is targeting a major copper discovery. The change also reflects the significance of the company's projects to the supply of critical metals to the USA with numerous key defence, industrial and energy applications."

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11 Jun 2024 16:34

EARNINGS AND TRADING: Chariot loss narrows; Destiny Pharma approval

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

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10 Jun 2024 10:35

Golden Metal Resources announces GBP506,250 strategic fundraise

(Alliance News) - Golden Metal Resources PLC on Monday said it raised funding through a "direct and premium priced subscription" with investor Purebond Ltd.

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29 May 2024 19:26

EARNINGS AND TRADING: Directa Plus wins Rome deal; Corre raises funds

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

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16 May 2024 21:22

TRADING UPDATES: DSW eyes lower profit than expected; Mpac optimistic

(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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13 May 2024 12:59

Golden Metal Resources begins diamond drilling at Pilot Mountain

(Alliance News) - Golden Metal Resources PLC on Monday said it has begun its first ever diamond drilling programme at the Pilot Mountain project, targeting strategic resource expansion and brownfield exploration targets.

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13 May 2024 12:39

Golden Metal reports exploration progress at Pilot Mountain

(Sharecast News) - Golden Metal Resources updated the market on exploration activities at its wholly-owned Pilot Mountain Project on Monday, in the prolific Walker Lake Mineral Belt in Nevada.

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1 May 2024 16:37

TRADING UPDATES: Norcros sets out strategic aims; Synthomer seals sale

(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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22 Apr 2024 17:01

Golden Metal Resources gets drill permits for Pilot Mountain

(Alliance News) - Golden Metal Resources PLC on Monday said it has secured drilling permits for an exploration campaign at the Pilot Mountain project in Nevada.

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16 Apr 2024 21:57

EARNINGS AND TRADING: J Smart boosts revenue, Tertiary starts drilling

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

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2 Apr 2024 14:18

Golden Metal Resources "very confident" as drill contract signed

(Alliance News) - Golden Metal Resources PLC on Tuesday said it signed a drilling contract with Diamondback Drilling LLC in preparation for its upcoming drill programme.

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26 Mar 2024 20:51

IN BRIEF: Golden Metal Resources loss widens as expenses mount

Golden Metal Resources PLC - mineral exploration company - Pretax loss for the six months to December 31 widens to GBP571,000 from GBP84,000 the year prior. Loss per share unchanged at 0.01 pence. Reports no income compared to GBP29,000 last year. Administrative expenses balloon to USD571,000 from GBP113,000.

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25 Mar 2024 20:36

IN BRIEF: Golden Metal Resources undertakes survey at Garfield project

Golden Metal Resources PLC - mineral exploration company - Announces an exploration update at its 100% owned Garfield project located in Nevada. This follows the recent high-grade gold-silver-copper bedrock discovery made at Garfield, announced in January. Says crews from geophysical contractor, SJ Geophysics, have been on site for the last few days undertaking a detailed high resolution ground magnetics geophysical survey and this work is progressing very well. Explains this work is to investigate if there could be additional key potential porphyry intrusive centres to be discovered across Garfield, which if proven correct would further significantly increase the prospectivity and inherent value of the project.

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18 Mar 2024 17:19

Golden Metal prepares for "transformational" Pilot Mountain drilling

(Alliance News) - Golden Metal Resources PLC on Monday said it is preparing a first ever drilling campaign at its Pilot Mountain asset in Nevada.

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11 Mar 2024 11:08

CORRECT: Golden Metal Resources raises GBP750,000 via subscription

(Correcting that the Pilot Mountain project is in the US state of Nevada)

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