Latest Share Chat

HZM.L Share News (HZM)

HZM.L Information

There is currently no data for HZM

Horizonte first quarter loss widens on reduced foreign exchange gains

Fri, 14th May 2021 10:42

(Alliance News) - Horizonte Minerals PLC on Friday said its first quarter loss widened, largely due to reduced foreign exchange gains.

The Brazil-focused nickel company posted a GBP954,476 pretax loss for the first three months of 2021, stretched from GBP41,522 a year earlier.

Administrative expenses were 22% higher year-on-year at GBP820,802 compared to GBP674,458 and foreign exchange gains fell 80% to GBP184,584 from just shy of GBP1.0 million. It did not generate revenue in either period.

During the quarter, the company completed a GBP18 million fundraise, largely with new investors. It helped strengthen is cash balance to GBP26.3 million from GBP10.9 million in December.

Horizonte shares were 1.3% lower at 7.45 pence each in London on Friday morning.

By Eric Cunha; ericcunha@alliancenews.com

More News

29 Jul 2013 10:59

STOCKS NEWS EUROPE-UK small caps edge up 0.2 pct at midday

UK small caps and junior-listed AIM shares see gains of 0.2 percent, in tandem with the mid-caps but lagging the blue chips, up 0.4 percent. AFC Energy rises 5.1 percent after announcing its fuel cell electrode, a key component of AFC's alkaline fuel cells which create low cost power using

14 Mar 2013 10:29

Horizonte Minerals reports high-grade nickel results at Araguaia Project

AIM-listed exploration and development company Horizonte Minerals has unveiled positive results from its infill drilling project at the Araguaia Nickel Project located to the south of the Carajas mineral district of northern Brazil. New high-grade nickel intersections were identified at the Jacutin

22 Feb 2013 08:09

Pre-tax loss rises at Horizonte Minerals; nickel development continues

Brazil-focused exploration and development company Horizonte Minerals has reported that its full year loss before taxation increased from 1.8m pounds to 2.5m pounds in the year ending December 31st. Total comprehensive income, which includes negative exchange rate effects, for the year was £5.6m co

8 Jan 2013 10:04

STOCKS NEWS EUROPE-UK small caps dip 0.2 pct early on

The FTSE Small Cap index edges 0.2 percent lower in early deals, lagging a 0.1 percent gain on the FTSE 100, while the FTSE 250 is 0.3 percent lower. McBride drops 2.6 percent after the household and personal care products firm says in an update it is seeing weaker trade in Europe and guides to a re

13 Jun 2012 14:32

Resources round-up: Valiant, Horizonte, Enegi Oil...

Valiant Petroleum, an AIM-listed company which operates in the North Sea, has begun drilling on the Tryfan prospect, which has gross prospective resources estimated internally by Valiant of 24m barrels of oil equivalent (mmboe), of which eight million are net to Valiant. Drilling on the well, which

16 May 2012 10:30

Resource round-up: Caspian Holdings, Aminex, Continental Coal

Caspian Holdings reported good progress on its drilling programme at La Parrilla, located in southwest Spain. La Parrilla, a former producing open pit mine, closed in the 1980s. But the firm said its latest assay results showed strong indications of continuity of high grades through the western exte

7 Feb 2012 08:50

Small caps round-up: Aminex, Solo, Firestone Diamonds ...

Oil and gas companies Aminex and Solo Oil took a hit on Tuesday morning after the first stab at drilling their shared Ntorya-1 exploration well in the Ruvuma Basin onshore in Tanzania proved disappointing. Data will now be recorded to determine whether or not to drill further. Aminex shares fell 38

17 Jan 2012 09:15

Tuesday broker round-up - UPDATE

IMI: Exane BNP upgrades to outperform from neutral. Smiths Group: Exane BNP upgrades to outperform from neutral. RBS: Shore Capital upgrades to hold from sell. Oriel reiterates buy. RSA Insurance: UBS labels short-term buy. Resolution: UBS upgrades to buy from neutral. Burberry: Nomura main

10 Jan 2012 14:18

Horizonte upgrades resource estimate at Araguaia

Horizonte Minerals, the nickel and gold company focused on Brazil, said that its target tonnage has been achieved with the release of a new resource estimate at its Araguaia nickel project. The project now hosts an Indicated and Inferred resource of just over 100m tonnes grading 1.29% nickel. Hou

21 Nov 2011 09:50

Horizonte Minerals up on positive update

Horizonte Minerals the AIM quoted nickel and gold company focused on Brazil, says three new high grade intersections have been found at its Baião target. The news comes in a positive assessment of its work at its 100% owned Araguaia project which the firm's Chief Executive Jeremy Martin says "is de

4 Feb 2011 08:22

Small caps round-up: InterQuest, San Leon, Horizonte Minerals...

IT recruitment group Interquest traded in line with expectations in 2010 as strength in financial services offset a drop-off in public sector business. Ahead of results out on 8 March, executive chairman Gary Ashworth said it has remained profitable through the downturn. "While we have, as anticip

18 Jan 2011 12:38

Small caps round-up: ATH Resources, Hellenic Carriers, Oakley Capital...

One of Britain's biggest coal producers ATH Resources traded in line with expectations during the first quarter, although geological issues at its Glenmuckloch site continue to cause concern. The firm is also worried about the recent dramatic increase in the price of gas oil which, if it continues

15 Sep 2010 13:35

Broker tips: Next, French Connection, Horizonte

The market has reacted favourably to the trading update from Next but KBC Peel Hunt sees no rush to buy more of the shares if you already hold them. "Once again, Next has delivered double-digit profit growth from margin and overhead control, benefiting from a strong sales gain at Directory. While t

15 Sep 2010 13:05

Broker snap: Araguaia deal to transform Horizonte

Brazil-focused exploration company Horizonte's acquisition of the potentially world-class Araguaia nickel project through the purchase of Teck Cominco Brasil SA is a transformational transaction, the company's house broker Westhouse Securities claims. The project has been consolidated with Horizont

27 Jul 2010 16:35

PRESS RELEASE: Anglo Pacific Group plc signs a Memorandum of Understanding with Horizonte Minerals plc for an option to acquire a royalty on the Araguaia and Lontra Nickel Projects in Brazil

LONDON, July 27 /CNW/ - Anglo Pacific Group plc ("Anglo Pacific") (LSE: APF) (TSX: APY) is pleased to announce that it has signed a Memorandum of Understanding ("MOU") with Horizonte Minerals plc ("Horizonte") (AIM: HZM) for Anglo Pacific to acquire an option to purchase a Net Smelter Royalty ("NSR"

Latest Share Chat

HZM.L Share News (HZM)

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Horizonte first quarter loss widens on reduced foreign exchange gains

Login to your account

Quickpicks are a member only feature

Login to your account