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Pin to quick picksKefi Gold & Copper Share News (KEFI)

Share Price Information for Kefi Gold & Copper (KEFI)

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Share Price: 0.622
Bid: 0.622
Ask: 0.648
Change: 0.012 (1.97%)
Spread: 0.026 (4.18%)
Open: 0.62
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Low: 0.62
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UK TRADING UPDATE SUMMARY: CentralNic Happy With KeyDrive Performance

Mon, 02nd Nov 2020 21:56

(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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CentralNic Group PLC - domain name registry and registrar services firm - Says KeyDrive SA, bought in 2018, has performed well in financial 2019. As a result, USD2.2 million in additional consideration is payable to Inter.Services GmbH. CentralNic says USD336,750 will be settled in cash and the remainder via the issue of 1.7 million shares. Inter.Services may still earn up to USD1.4 million in additional consideration in future. "We have been delighted with the performance of KeyDrive ever since its acquisition over two years ago," says CentralNic Chief Executive Ben Crawford. Separately announces the completion of its acquisition of the Zeropark and Voluum businesses for USD36 million. "This earnings-enhancing acquisition will greatly complement our existing, fast-growing monetisation business, while providing numerous opportunities for revenue and cost synergies," says Crawford.

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Marlowe PLC - London-based safety & compliance services firm - Buys Black & Banton Occupational and Physical Health Ltd for an initial consideration of GBP1.1 million. Black & Banton provides occupational health services to businesses in the North of England and Scotland. For the year ended April 30, Black & Banton generated pretax profit of GBP400,000 on revenue of GBP1.7 million. The total enterprise value of up to GBP1.5 million includes a contingent cash earn-out of up to GBP400,000.

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Kefi Gold & Copper PLC - gold explorer in Ethiopia and Saudi Arabia - Confirms the recommencement of drilling at the company's Hawiah project in Saudi Arabia. "The Hawiah deposit remains open at depth and beyond the existing 4km strike. Increasing copper grades intersected in the previous deepest drill hole at the Camp Lode indicate an excellent opportunity to add additional high-grade copper-gold resources during this phase of drilling," says Executive Chair Harry Anagnostaras-Adams.

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Anglo Asian Mining PLC - copper & gold producer in Azerbaijan - Reports updated mineral resources and ore reserves for the Gedabek open pit and Gadir underground mine located at the company's Gedabek licence area in Western Azerbaijan. Says Gedabek open pit total mineral resources of 735,000 ounces of gold and 69,100 tonnes of copper. Says total mineral resources of 267,000 ounces of gold and 2,183 tonnes of copper for Gadir underground mine. "I am delighted to announce these latest JORC estimates for the Gedabek open pit and Gadir underground mines. These show the economically mineable Ore Reserves remaining in the open pit mine amount to 284,000 ounces of gold and 26,000 tonnes of copper. The economically mineable Ore Reserves for the Gadir underground mine amount to 49,000 ounces of gold and 191 tonnes of copper," says Chief Executive Reza Vaziri.

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Adriatic Metals PLC - Cheltenham-based exploration & development firm - Has entered into a Deed of Settlement and Release with Sandfire Resources Ltd, where both parties have agreed to settle the dispute relating to proceeding CIV 1820 of 2020 brought by Sandfire against Adriatic in the Supreme Court of Western Australia. Sandfire has agreed to pay Adriatic AUD8.6 million in cash for the issue of 4.8 million chess depository interests in the company, pursuant to Sandfire's anti-dilution right under the previously announced collaboration and strategic partnership deed.

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Yamana Gold Inc - Canadian-based precious metals producer - Agrees to buy all of the outstanding shares of Monarch not already owned by Yamana under a plan of arrangement for consideration, including cash and shares, of approximately CAD152 million. "The acquisition provides Yamana with a high-quality project with a significant mineral reserve and mineral resource base and excellent potential for further expansion," the company says.

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Castillo Copper Ltd - Australia and Zambia focused base metal explorer - Reports "encouraging" results from a recently completed systematic infill soil sampling campaign at its 100% owned Mkushi Project in Zambia's copper-belt. Says results confirmed eight target areas with significant copper anomalism and strike lengths. "We continue to make good progress in Zambia across multiple assets. These soil anomaly results from Mkushi are highly encouraging since they extend mineralisation along strike from a known operating copper mine," says Castillo Copper's UK-based director Ged Hall.

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By Lucy Heming; lucyheming@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
3 Dec 2019 09:19

KEFI Minerals reports 'excellent start' to testing at Hawiah

(Sharecast News) - Ethiopia and Saudi Arabia-focussed gold exploration and development company KEFI Minerals reported further encouraging assay results from the drilling programme at its Hawiah Exploration Licence in Saudi Arabia on Tuesday.

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2 Dec 2019 11:43

KEFI Minerals Shares Climb As It Picks Bank Funding For Tulu Kapi

KEFI Minerals Shares Climb As It Picks Bank Funding For Tulu Kapi

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25 Nov 2019 14:25

KEFI Minerals upbeat at Tulu Kapi Project gains momentum

(Sharecast News) - Ethiopia and Saudi Arabia-focussed gold exploration and development company KEFI Minerals announced on Monday that its subsidiary, the Tulu Kapi Gold Mines Share Company (TKGM), has launched the Tulu Kapi Gold Project with its Ethiopian private and public sector partners at the second international Ethiopian Mining Conference and Exhibition.

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25 Nov 2019 12:01

KEFI Minerals Mulling Financing Options For Ethiopia's Tulu Kapi

KEFI Minerals Mulling Financing Options For Ethiopia's Tulu Kapi

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25 Nov 2019 11:49

REFILE-UPDATE 1-Ethiopia vows to remove barriers to investment in mining

(Refiles with no change to text)ADDIS ABABA, Nov 25 (Reuters) - Ethiopia vowed on Monday to remove barriers to investment in its mining sector, focusing efforts on minerals used in agriculture and construction which will help drive its industriali...

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25 Nov 2019 11:49

UPDATE 1-Ethiopia vows to remove barriers to investment in mining

(Adds quotes from minister, details and context)By Dawit EndeshawADDIS ABABA, Nov 25 (Reuters) - Ethiopia vowed on Monday to remove barriers to investment in its mining sector, focusing efforts on minerals used in agriculture and construction which...

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12 Nov 2019 15:58

KEFI Minerals claims 'encouraging' results from Hawiah

(Sharecast News) - Gold exploration and development company KEFI Minerals reported encouraging results at the start of its scout drilling programme on the Hawiah Exploration Licence in Saudi Arabia on Tuesday.

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12 Nov 2019 10:35

KEFI Minerals Reports "Encouraging" Scout Drilling Results At Hawiah

KEFI Minerals Reports "Encouraging" Scout Drilling Results At Hawiah

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7 Nov 2019 11:16

KEFI Minerals Shares Surge As Ethiopia Resolves Tulu Kapi Hold Up

KEFI Minerals Shares Surge As Ethiopia Resolves Tulu Kapi Hold Up

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7 Nov 2019 10:44

UK WINNERS & LOSERS SUMMARY: Hiscox Slumps 13% After Ratings Cut

UK WINNERS & LOSERS SUMMARY: Hiscox Slumps 13% After Ratings Cut

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29 Oct 2019 13:52

KEFI Minerals Still Awaiting Complete Tulu Kapi Project Thumbs Up

KEFI Minerals Still Awaiting Complete Tulu Kapi Project Thumbs Up

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29 Oct 2019 09:55

KEFI Minerals positive despite delays at Tulu Kapi

(Sharecast News) - Gold exploration and development company KEFI Minerals updated the market on its Tulu Kapi Gold Project in Ethiopia on Tuesday, confirming the receipt of all government permits and independent consultants reports required for closing the project equity financing and triggering the development of the project by the Tulu Kapi Gold Mines Share Company (TKGM).

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23 Oct 2019 15:04

KEFI Minerals reports latest drilling findings from Hawiah

(Sharecast News) - Gold exploration and development company KEFI Minerals reported on Wednesday that, following the start of drilling activities at its Hawiah Exploration Licence in Saudi Arabia, the first drill hole - HWD 001 - has intercepted a 15.8 metre interval of massive sulphide at a vertical depth of 125 metres.

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23 Oct 2019 09:26

KEFI Minerals Reports Immediate Success From Saudi Arabian Drilling

KEFI Minerals Reports Immediate Success From Saudi Arabian Drilling

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16 Oct 2019 09:57

Ariana Resources Buys Royalty On Kizilcukur Project From KEFI Minerals

Ariana Resources Buys Royalty On Kizilcukur Project From KEFI Minerals

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