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Pin to quick picksHummingbird Share News (HUM)

Share Price Information for Hummingbird (HUM)

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Share Price: 9.75
Bid: 9.50
Ask: 10.00
Change: -0.05 (-0.51%)
Spread: 0.50 (5.263%)
Open: 9.90
High: 9.90
Low: 9.70
Prev. Close: 9.75
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UK TRADING UPDATE SUMMARY: BlueRock Nets USD700,000 From Diamond Sales

Mon, 08th Jun 2020 14:41

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

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BlueRock Diamonds PLC - diamond producer in South Africa - Reports private sale of 2,400 carats at average of USD290 each, USD700,000 in total. Says sales reduces risk of operating in Covid-19 environment.

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Nostra Terra Oil & Gas Co PLC - Texas-focused oil and gas explorer - Achieves further cost cuts after review. Says monthly overheads cut by over 60% from 2019 average. Lifting coats at Pine Mill cut to USD16 per barrel of oil from USD23.

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Egdon Resources PLC - UK-focused oil and gas explorer - Says UK Oil & Gas Authority has extended Egdon's rights over P1929 and P2304 UK offshore licences until May 31, 2024. Egdon to progress with assigning licence interests to oil major Royal Dutch Shell PLC. Egdon to retain 30% interest in licences and Shell to pay 85% of costs.

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Echo Energy PLC - Argentina-focused oil and gas producer - Says first quarter net average production rate at Santa Cruz Sur was 2,394 barrels of oil equivalent per day versus 2,505 boepd between November 1 and December 31. Echo Energy identifies 16 " low cost workover and intervention operations" at asset.

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Union Jack Oil PLC - UK onshore hydrocarbon production - Acquires further 13% interest in PEDL180 and PEDL182 licences, which contain Wressle hydrocarbon development project, for GBP500,000. Union Jack now has 40% interest in Wressle development.

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Red Emperor Resources NL - Australia-based explorer - Decides against exercising option to acquire 70% stake in WA-481-P offshore Perth Basin exploration permit.

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Hummingbird Resources PLC - London-based gold miner - Agrees terms to acquire Kouroussa gold project in Guinea from Cassidy Gold Corp. Hummingbird says initial GBP10 million consideration to be funded by issue of 35.2 million shares at 28.4 pence each.

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Greatland Gold PLC - London-based gold explorer - Says partner at Havieron project, Western Australia, strikes indigenous land use agreement with Western Desert Lands Aboriginal Corp. Greatland says agreement will strengthen mining lease application at asset.

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TP Group PLC - Reading-based engineering services provider - Reports first oxygen output at gas production plant in Portsmouth. TP says trial met all objectives in first phase.

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Surface Transforms PLC - Liverpool-based brake discs maker - Secures GBP5 million contract for ceramic brake discs supply for Koenigsegg Gemera vehicle produced by Sweden's Koenigsegg Automotive AB. Surface Transforms says production begins in mid-2022, ending five years later.

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Costain Group PLC - Berkshire-based infrastructure solutions provider - Appointed onto Anglian Water's GBP350 million strategic pipeline alliance. For duration of eight-year contract, Costain to provide programme management and digital technology services.

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DX Group PLC- Slough-based logistics provider - Plans to launch expanded operating centre in Ipswich, East Anglia. DX says move to larger premises to improve services in range of sectors including medical and online retail.

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Crossword Cybersecurity PLC - London-based cyber security provider - Signs three-year contract with Agria Pet Insurance Ltd for cyber security services. Agria will receive regular testing of its cyber security technology and risks. Crossword did not quantify value of contract.

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Frontier Developments PLC - video games maker in Cambridge - Expects to report revenue of GBP76 million for year ended May 31, down 15% from GBP89.7 million. Operating profit fell 18% to about GBP16.0 million.

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AorTech International PLC - Glasgow-based medical devices maker - Says RUA Medical Devices Ltd subsidiary received new orders for delivery in August 2020 from largest customer. Largest customer had initially suspended forecasts and orders due to US government halting elective surgeries due to Covid-19.

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Midatech Pharma PLC - Cardiff-based biotechnology firm - Launches partnership with India-based Dr Reddy's Laboratories. Research pact will see Midatech use its drug delivery platform with aim to improving Dr Reddy's medication.

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Triple Point Social Housing REIT PLC - London-based real estate investment trust - Completes acquisition of seven properties for about GBP7.6 million. Says 100% of rent due for April received.

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Regional REIT Ltd - UK-focused property investor - Completes sale of Building 2 and 3 The Oaks in Westwood Business Park, Coventry for GBP6.3 million. Sale price reflects net initial yield of 6.5% and 8.6% above latest valuation, Regional said. Proceeds will be used to fund a "new opportunity".

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Frenkel Topping Group PLC - Manchester-based asset manager - Establishes joint-venture with Manchester-based Express Solicitors to provide life after settlement advice to Express clients who have suffered from personal injury. Joint-venture will be 50-50 owned, Frenkel adds.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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25 Apr 2024 20:57

TRADING UPDATES: Norcros sells Johnson Tiles UK; Trifast trading well

(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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17 Apr 2024 14:11

IN BRIEF: Hummingbird issues step-in notice regarding Kouroussa mine

Hummingbird Resources PLC - gold producer with operations in Mali, Guinea and Liberia - Says continued to engage with Ivory Coast-based Corica Mining Services, which had suspended mining activities on March 17, citing contractual disputes. Back then, Corica cited claims regarding unpaid invoices to Hummingbird totaling about USD27 million for work completed at Kouroussa mine in Guinea, which Hummingbird rejected. Hummingbird on Tuesday said it issued a step-in notice which allows it to take management control and issue instructions to Corica. Meanwhile, the discussions about Kouroussa, which Hummingbird calls constructive, have the aim to ramp up operations under the existing mining contract between the two companies. Hummingbird says it is progressing with the restart and ramp up of mining activities at the mine. Further, it notes that operations at the mine have continued with the processing plant operating at the expected levels with mining via an existing support mining fleet.

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8 Apr 2024 15:40

Mali expects 14% drop in industrial gold production, mines ministry says

BAMAKO, April 8 (Reuters) - Mali's industrial gold output is expected to drop by about 14% this year to 53.7 metric tons, mines ministry data showed on Monday.

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28 Mar 2024 14:14

TRADING UPDATES: Duke expects revenue rise; SIMEC gets EL deal payment

(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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20 Mar 2024 16:37

UPDATE: Hummingbird hits back at Corica over Kouroussa pact dispute

(Alliance News) - Hummingbird Resources PLC on Wednesday refuted claims of a contract breach from Corica Mining Services, regarding the suspension of services at the Kouroussa gold mine.

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20 Mar 2024 12:25

Hummingbird shares plunge as Corica fires back in contract dispute

(Alliance News) - Corica Mining Services on Wednesday accused Hummingbird Resources PLC of "substantial breaches" of contract, including failure to pay for its work at the Kouroussa gold mine.

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18 Mar 2024 11:50

IN BRIEF: Hummingbird shares plummet amid Kouroussa contract dispute

Hummingbird Resources PLC - gold producer with operations in Mali, Guinea and Liberia - Says the principal contract miner at its Kouroussa gold mine in Guinea has suspended mining operations due to "various contractual disputes". Hummingbird calls the action by Corica Mining Services "a clear breach of the mining contract", and alleges that Corica "has failed to meet mining contract volumes due to delays in mining equipment mobilisation, commissioning, and overall operating performance". Hummingbird has issued a notice to Corica, demanding that it resumes mining by Tuesday. Should it fail to do so, the company says it may step in to resume mining operations in its place, or work with alternative contractors and equipment suppliers.

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31 Jan 2024 18:28

EARNINGS AND TRADING: STV raises holding in Two Cities Television

(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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25 Jan 2024 20:09

TRADING UPDATES: Microsaic completes acquisition; Narf revenue soars

(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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24 Jan 2024 17:22

EARNINGS AND TRADING: Gran Tierra ups production, "excited" for 2024

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

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10 Jan 2024 14:24

Hummingbird Resources raises a further GBP270,000 through open offer

(Alliance News) - Hummingbird Resources PLC on Wednesday said it has raised GBP270,000 through an open offer.

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3 Jan 2024 14:55

UK shareholder meetings calendar - next 7 days

Thursday 4 January 
Rotala PLCGM re management buyout
Tintra PLCGM re cancellation, re-registering as private company
ValiRx PLCGM re operational review
Friday 5 January 
MTI Wireless Edge LtdEGM re proposed grant of options to the directors
Monday 8 January 
Plus500 LtdEGM re director election
Velocys PLCCourt Meeting and GM re recommended cash acquisition by Madison Bidco Ltd
Tuesday 9 January 
Agriterra LtdAGM
DX Group PLCGM re acquisition by HIG Capital funds
GENinCode PLCGM re fundraise
Leeds Group PLCGM re sale of subsidiary Hemmers-Itex
Smart Metering Systems PLCGM re acquisition by KKR funds
Wednesday 10 January 
Hummingbird Resources PLCGM re share placement
Ironveld PLCAGM
Reabold Resources PLCGM re appointment of new directors
Safestyle UK PLCEGM re approve winding up of company
Scirocco Energy PLCGM re proposed disposal of interests in Energy Acquisitions Group Ltd
Versarien PLCGM re capital reorganisation
  
Copyright 2024 Alliance News Ltd. All Rights Reserved. 

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13 Dec 2023 19:48

EARNINGS AND TRADING: NWF trading inline; Tandem's markets challenging

(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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7 Dec 2023 12:20

IN BRIEF: Hummingbird shares fall on USD30 million placement

Hummingbird Resources PLC - West Africa-focused and Birmingham, England-based gold producer, developer and explorer - Announces equity placement of up to USD30 million at 11.26 pence per share. Plans to offer shareholders the chance to subscribe at the same price through an open offer. Hummingbird intends for proceeds to strengthen its balance sheet and progress multiple initiatives under its growth strategy, for example increasing exploration activities at the Yanfolila mine in Mali and the Kouroussa mine in Guinea. Yanfolila is still on track to meet full-year production guidance of 80,000 to 90,000 ounces of gold, and Hummingbird remains "on track" to produce approximately 200,000 ounces of gold next year. Company is also converting its 51% interest in the Dugbe gold project in Liberia into a 51% controlling stake in Pasofino Gold Ltd, Dugbe's developer, to simplify the project's ownership structure and increase efficiency.

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26 Oct 2023 21:49

TRADING UPDATES: Alumasc under CMA's eye amid "resilient" year

(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:

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