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Pin to quick picksGreat Western Share News (GWMO)

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EARNINGS UPDATES: Nexus Infrastructure swings to annual profit

Thu, 18th May 2023 13:27

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

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Nexus Infrastructure PLC - Braintree, England-based provider of civil engineering infrastructure services to the UK housebuilding sector - Says Tamdown, its operational business, has continued to see improvement in its operational and commercial performance in the six months ended March 31. Company swings to a pretax profit of GBP72.3 million in the half from a loss of GBP378,000 the year prior. Revenue climbs 9.3% to GBP51.0 million from GBP46.7 million year-on-year. Declares an interim dividend of 1.0 pence per share, unchanged from the year prior. Notes that in recent weeks it has seen early indications of improvements in market conditions, with a number of housebuilders commenting on an increase in enquiries and sales conversions. Says that while this is encouraging, it is likely to take "some months" for this to be fully reflect within Tamdown.

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Great Western Mining Corp PLC - Nevada, US-focused gold, silver and copper project developer - Posts a widened annual loss in a year of "intense activity" in which it accelerated its exploration programme on three of its prospects. Reports a loss of EUR792,263 in 2022, widening from a loss of EUR535,960 the year prior. Total assets at year-end fall to EUR9.0 million from EUR9.3 million year-on-year. Currently has no revenue from its operations. Looking ahead, outlines three main aims for 2023. First, to get the process mill online in 2023 and producing the company's first ever revenue from the sale of gold and silver concentrates. Second, to develop a commercial gold and silver play from one or more of its prospects. Third, to see if there is a significant copper prospect on its claims beyond its current indicated and inferred resource.

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Ecofin Global Utilities & Infrastructure Trust PLC - Chelmsford, England-based investment trust focused on utility and infrastructure companies - Reports a net asset value per share of 212.07 pence at March 31, up from 208.14p at September 30. Total NAV per share return in the six months ended March 31 is 3.7%. In contrast, the MSCI World Index returns 6.8% over the same six month period. "The outlook for earnings and growth held up well while there was no further bad news about windfall tax and government policies. The benefits of a balanced portfolio showed through: good performance in continental Europe outweighed dual headwinds of share price weakness in North America and the strengthening of the pound against the dollar," the company says.

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By Heather Rydings, Alliance News senior economics reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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18 Apr 2024 10:51

Great Western Mining buys 825-acre Olympic Gold project in Nevada

(Alliance News) - Great Western Mining Corp PLC on Thursday said it has agreed to acquire the Olympic Gold project in Mineral County, Nevada from Nevada Select Royalty Inc for USD150,000.

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18 Apr 2024 10:50

Great Western Mining exercises option to acquire Olympic Gold Project

(Sharecast News) - Great Western Mining has exercised its option to acquire the Olympic Gold Project in Nevada's Mineral County, it announced on Thursday.

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11 Apr 2024 16:11

Great Western Mining begins new surveys in Mineral County

(Sharecast News) - Great Western Mining announced the start of induced polarisation (IP) and resistivity surveys at its West Huntoon and M5 claims in Nevada's Mineral County on Thursday.

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11 Apr 2024 11:25

IN BRIEF: Great Western Mining starts surveys at Nevada operations

Great Western Mining Corp PLC - Nevada-focused gold, silver and copper explorer - Starts induced polarisation and resistivity surveys at its West Huntoon copper porphyry prospect and the M5 gold-silver-copper prospect in Mineral County, Nevada. Says the surveys will provide information about the subsurface for drill targeting at both prospects. Expects both surveys to complete in April.

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27 Mar 2024 18:47

TRADING UPDATES: Empire Metals targets key milestones in Australia

(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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27 Mar 2024 13:02

Great Western Mining posts encouraging results from Olympic Project

(Sharecast News) - Great Western Mining released encouraging results from its ongoing exploration efforts on the Rhyolite Dome gold target on Wednesday, within its Olympic Gold Project in Nevada.

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11 Mar 2024 12:56

Great Western Mining raises GBP700,000 ahead of busy summer period

(Alliance News) - Great Western Mining Corp PLC on Monday said it has raised GBP700,500 ahead of "another busy and productive summer work season."

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30 Jan 2024 11:13

Great Western Mining celebrates minerals finds in Nevada

(Alliance News) - Great Western Mining Corp PLC on Tuesday gave an upbeat update on mineral findings from the West Huntoon area of its Huntoon Copper project.

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23 Jan 2024 12:34

Great Western Mining down after signing Huntoon Valley joint venture

(Alliance News) - Great Western Mining Corp PLC on Tuesday announced a partnership with a Nevada landowner, aimed at unlocking the copper potential of its Huntoon Valley claims.

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23 Jan 2024 10:36

AIM WINNERS & LOSERS: Brave Bison to beat market view in 2023

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.

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10 Jan 2024 11:44

Great Western Mining shares jump after completing Mineral County mill

(Alliance News) - Great Western Mining Corporation PLC on Wednesday said construction had been completed at its latest Nevada mill site in line with the company's timeline.

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10 Jan 2024 10:46

AIM WINNERS & LOSERS: Great Western completes mill construction

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

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14 Dec 2023 16:48

Great Western Mining finds "substantial" gold samples at Nevada claims

(Alliance News) - Great Western Mining Corp PLC on Thursday said it discovered a "substantial" area of anomalous gold in soil samples at its M5 prospect in the Jack Springs claims group in Mineral County, Nevada.

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14 Dec 2023 16:42

Great Western Mining makes substantial discovery at Walker Lane

(Sharecast News) - Great Western Mining announced a substantial discovery in the Walker Lane trend of Nevada on Thursday.

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16 Nov 2023 11:52

IN BRIEF: Great Western shares soar on surprise new copper finding

Great Western Mining Corp PLC - exploring gold, silver and copper targets in Nevada - Announces "material upgrade" in the Huntoon project's copper potential. Reports "clear evidence" in the Huntoon Valley area of a previously unidentified copper porphyry system. Says field evidence from across the area suggests a large sub-cropping magmatic-hydrothermal system, and that other nearby projects "continually" provide evidence for other such systems in the region. If the valley does contain this "major" new porphyry, the previously established resource at the M2 prospect would "only be a peripheral component" to it.

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