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(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday.
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SMALL-CAP - WINNERS
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Hochschild Mining PLC, up 2.32% at 86.35 pence, 12-month range 50.40p-95.55p. The miner updates on its 100%-owned Volcan gold project in the Maricunga Region of Chile. CEO Ignacio Bustamante says "a significant amount" of work has been achieved at the site, pointing to the updated mineral resource estimate, the positive preliminary economic assessment, and the USD15 million financing agreement. With gold prices remaining "strong", Bustamante says the firm believes in the "significant value" of the project.
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SMALL-CAP - LOSERS
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Sabre Insurance, down 2.7% at 147.00p, 12-month range 80.77p-152p. The motor insurance underwriter falls back, despite a generally solid showing for the stock, which is up 38% in the year-to-date. Earlier this month, it said interim reported pretax profit fell to GBP4.8 million for the six months that ended June 30, down from GBP8.6 million a year before, as net earned premium declined by 7.4% to GBP71.8 million from GBP77.5 million. Gross written premium rose by 8.4% to GBP99.5 million, however, with the company expecting them to be 15% to 20% ahead of 2022 in the year as a whole.
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By Elizabeth Winter, Alliance News senior markets reporter
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