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Pin to quick picksHorizonte Minerals Share News (HZM)

Share Price Information for Horizonte Minerals (HZM)

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Share Price: 0.325
Bid: 0.30
Ask: 0.35
Change: 0.025 (8.33%)
Spread: 0.05 (16.667%)
Open: 0.30
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TRADING UPDATES: Proteome set for profit rise; Kromek expects loss

Mon, 16th May 2022 16:20

(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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Proteome Sciences PLC - Drug development services provider - For 2021, records adjusted earnings before interest, tax, depreciation and amortisation of GBP1.4 million, nearly doubling from GBP720,000, driven by gaining a record number of contracts including an order in excess of GBP1 million. Due to strong order book and cash position, company's board has increased confidence in 2022 profit growth.

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Kromek Group PLC - Sedgefield, England-based detection technology supplier - For the year ended April 30, expects revenue to grow 16% at GBP12.1 million from GBP10.4 million, however, due to supply chain issues preventing the completion of certain orders, the company expects to post an adjusted loss before interest, tax, depreciation and amortisation of GBP1.2 million. Looking further ahead, company expects revenue growth for the year ending April 30, 2023.

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Cora Gold Ltd - West Africa-focused gold explorer - For 2021, pretax loss narrows to USD1.8 million from USD727,000 the year before, as a result of higher overhead costs and an impairment charge of USD466,000 on intangible assets. "Cora is well placed to continue to discover and define economic gold and add shareholder value as we near the completion of the Sanankoro DFS. I would like to thank Cora's shareholders for their continued strong support during this exciting period, as demonstrated by their participation in the company's two fundraises in 2021," says Chief Executive Officer Bert Monro.

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Metals Exploration PLC - mineral resource exploration and development company with assets in the Philippines - For 2021, pretax profit rises 20% to USD11.3 million from USD9.4 million the year before, on revenue which grows 6.3% to USD129.8 million from USD122.1 million. In the year, gold output rises 8.4% year-on-year to 73,206 ounces from 67,552 ounces, and average fold recovery improves to 84.5% from 72.2%. Looking ahead, proposes capital reorganisation, which includes sub-division of each existing share into one new and one deferred, and a capital reduction as deferred shares are cancelled and share premium account.

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Horizonte Minerals PLC - nickel company focused on Brazil - For the first quarter of 2022, swings to pretax profit of USD4.5 million from loss of USD1.4 million, mostly through a gain on foreign exchange. Expects first revenue in 2024, and project development work in ongoing, with a significant ramp-up in activity expected over the coming months amid move into dry season.

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Ocean Wilsons Holdings Ltd - Bermudian investment company, operating through Wilson Sons Ltd - For the first quarter of 2022, Wilson Sons reports Ebitda at USD45.9 million, up 9.5% from USD41.9 million, on revenue which grows 9.6% year-on-year to USD101.4 million from USD92.5 million, as a result of strong towage revenue, benefiting from an improved mix and resilient volumes. Total containers moved however drop 15% at 161,500 TEUs from 189,300 TEUs.

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Rambler Metals & Mining PLC - Surrey, England-based copper and gold producer - For 2021, Lbitda widens further to USD8.5 million from USD3.6 million, due to a loss in the fair value of Gold Stream and a foreign exchange loss, more than offsetting 16% growth in revenue to USD28.2 million from USD24.3 million. Looking ahead, for 2022 Rambler is targeting to delivery of 7,000 tonnes of saleable copper, and to complete up to 17,000 metres of in-fill drilling.

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JPMorgan Multi-Asset Growth & Income PLC - investment firm - For the year ended February 28, achieves total return of 8.1%, beating the 6.0% return from the company's reference index. Reference index comprises the Libor one-month sterling rate of 0.3% plus 4.5% per annum. As at February 28, net asset value per share increases 4.0% to 106.7 pence from 102.5p the same date a year prior.

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Genflow Biosciences PLC - London-based biotechnology company - As at May 13, has net cash of GBP3.6 million, granting company 2.5 years of working capital. In addition, gains non-dilutive research award from Wallonia, Belgium allowing for further extension of cash runway to support commercialisation activities.

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By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
3 Nov 2022 13:43

IN BRIEF: Horizonte Minerals picks partners for Araguaia project

Horizonte Minerals PLC - nickel company focused on Brazil - Selects MIP Engenharia & Milplan to provide electro-mechanical installation services at its Araguaia nickel project. Says MIP/Milpan has "a strong track record" and prior rotary kiln-electric furnace experience from Vale's Onca Puma mine, a ferronickel mine with a similar processing flow sheet to Araguaia, and a number of other major mining projects in the Carajas region.

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17 Oct 2022 10:47

Horizonte Minerals progresses Vermelho with award of feasibility study

(Alliance News) - Horizonte Minerals PLC on Monday said it has awarded Wood PLC, a project delivery and technical services business, the principal engineering contract for its Vermelho project in Brazil.

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5 Oct 2022 12:53

Horizonte Minerals raises GBP70.5 million for Araguaia progress

(Alliance News) - Horizonte Minerals PLC on Wednesday said it will be able to advance construction at its Araguaia project following the completion of oversubscribed fundraising.

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4 Oct 2022 19:50

TRADING UPDATES: Horizonte Minerals makes progress at nickel project

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

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26 Sep 2022 16:55

TRADING UPDATES: Mirada extends loan; Atlantic Lithium joins ASX

(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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15 Aug 2022 12:18

IN BRIEF: Horizonte Minerals swings to profit on foreign exchange gain

Horizonte Minerals PLC - nickel company focused on Brazil - Swings to interim profit as gain on foreign exchange surges. Pretax profit in the half-year ended June 30 stands at USD3.8 million versus a loss of USD3.2 million a year prior. Gain on foreign exchange more than quadruples to USD9.4 million from USD2.2 million. Administrative expenses widen to USD6.7 million from USD3.7 million. However, posts pretax loss of USD670,946 in the quarter to June 30, narrowed from USD1.9 million a year ago. Posts no revenue. Says outlook for its operations remains positive, but sees continued risk from the Covid pandemic. Further, firm closes a USD633 million funding package to build the Araguaia nickel project in the northern Brazil state of Para.

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15 Aug 2022 11:26

Horizonte Minerals swings to profit as Araguaia development continues

(Sharecast News) - Brazil-focussed nickel developer Horizonte Minerals swung to a first-half profit before tax of $3.8m from a restated loss of $3.24m, it announced on Monday.

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9 Aug 2022 15:15

IN BRIEF: Horizonte Minerals awards Araguaia civil works contract

Horizonte Minerals PLC - nickel company focused on Brazil - Awards civil works contract for Araguaia nickel project in Brazil to Brazilian construction company Companhia Paranaense de Construcao SA, or Copa.

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9 Aug 2022 12:00

Horizonte awards Araguaia civil works to Copa

(Sharecast News) - Brazil-focussed nickel developer Horizonte Minerals has awarded the industrial civil works contract for the construction of its wholly-owned Araguaia nickel project, it announced on Tuesday, to Companhia Paranaense de Construção, or 'Copa'.

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19 Jul 2022 22:02

TRADING UPDATES: Kazera begins tantalum exports; Cloudbreak fundraises

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

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13 Jul 2022 19:07

IN BRIEF: Horizonte Minerals awards Araguaia process plant contracts

Horizonte Minerals PLC - nickel company focused on Brazil - Awards all major and long-lead-time process plant equipment contracts for its flagship Araguaia nickel project.

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19 May 2022 18:55

TRADING UPDATES: Knights tips revenue hike; Gym Group eyes growth

(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 May 2022 15:59

UK shareholder meetings calendar - next 7 days

Wednesday 18 May  
ABCAM PLCAGM
abrdn PLCAGM in Edinburgh
Alliance Pharma PLCAGM
Burford Capital LtdAGM
Coats Group PLCAGM
CVC Credit Partners European Opportunities LtdAGM
EKF Diagnostics Holdings PLCAGM
Highcroft Investments PLCAGM
Impax Environmental Markets PLCAGM
JPMorgan American Investment Trust PLCAGM
Keller Group PLCAGM
LMS Capital PLCAGM
Merchants Trust PLCAGM
PensionBee Group PLCAGM
Permanent TSB Group Holdings PLCAGM
PYX Resources LtdAGM
Riverstone Credit Opportunities Income PLCAGM
Schroder UK Public Private Trust PLCAGM
Science Group PLCAGM
Seplat Energy PLCAGM
TI Fluid Systems PLCAGM
Vesuvius PLCAGM
Thursday 19 May  
Bigblu Broadband PLCAGM
Brand Architekts Group PLCGM re takeover of InnovaDerma
Capital & Regional PLCAGM
Computacenter PLCAGM
Cornish Metals IncGM re equity raise
Dialight PLCAGM
Ebiquity PLCAGM
Eqtec PLCAGM
Essentra PLCAGM
Fevertree Drinks PLCAGM
Gamma Communications PLCAGM
Genuit Group PLCAGM
Headlam Group PLCAGM
Inchcape PLCAGM
InnovaDerma PLCGM re takeover by Brand Architekts
Irish Residential Properties REIT PLCAGM
K3 Business Technology Group PLCAGM
Light Science Tech Holdings PLCAGM
Live Co Group PLCGM
McColl's Retail Group PLCAGM
musicMagpie PLCAGM
Network International Holdings PLCAGM
Next PLCAGM
Pharos Energy PLCAGM
Property Franchise Group PLCAGM
Rotala PLCAGM
Smart Metering Systems PLCAGM
St James's Place PLCAGM
Tyman PLCAGM
Friday 20 May  
Bank of Cyprus Holdings PLCAGM
Croda International PLCAGM
Deliveroo PLCAGM
Georgia Capital PLCAGM
Hikma Pharmaceuticals PLCEGM re capital reduction
Keywords Studios PLCAGM
Real Estate Investors PLCAGM
Reckitt Benckiser Group PLCAGM
Resolute Mining LtdAGM
Restore PLCAGM
Monday 23 May 
Brewin Dolphin Holdings PLCGM re acquisition by RBC Wealth Management
Digital 9 Infrastructure PLCAGM
Empiric Student Property PLCAGM
TMT Investments PLCAGM
Tuesday 24 May 
4imprint Group PLCAGM
Afentra PLCAGM
Artisanal Spirits Co PLCAGM
Bidstack Group PLCAGM
Epwin Group PLCAGM
FDM Group Holdings PLCAGM
Forterra PLCAGM
Harworth Group PLCAGM
Henderson High Income Trust PLCAGM
Hill & Smith Holdings PLCAGM
Hilton Food Group PLCAGM
Horizonte Minerals PLCAGM
Judges Scientific PLCAGM
Pebble Group PLCAGM
Quarto Group IncAGM
Restaurant Group PLCAGM
Riverstone Energy LtdAGM
Shell PLCAGM
Thungela Resources LtdAGM
Vector Capital PLCAGM
WPP PLCAGM
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

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16 May 2022 13:38

Horizonte progresses Araguaia after it completes funding

(Sharecast News) - Horizonte Minerals updated the market on the March quarter on Monday, having closed the $633m funding package for the construction of the Araguaia nickel project.

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