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Share Price Information for Kefi Gold & Copper (KEFI)

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Share Price: 0.63
Bid: 0.63
Ask: 0.638
Change: -0.012 (-1.87%)
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Open: 0.642
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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.

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21 Feb 2019 13:11

KEFI Minerals To Raise GBP969,000 Through Placing For Tulu Kapi (ALLISS)

LONDON (Alliance News) - KEFI Minerals PLC said on Thursday it will raise GBP969,000 through a placing as part of funding arrangements for the scheduled activities in the first six months of the a

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25 Jan 2019 13:24

KEFI Minerals Partner Increases Stake In Tulu Kapi Gold Project

LONDON (Alliance News) - KEFI Minerals PLC said Friday its Tulu Kapi gold project partner has increased its equity commitment, and the company has now received all outstanding approvals from for

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3 Jan 2019 10:33

KEFI taking slow and steady approach to development at Tulu Kapi

(Sharecast News) - Ethiopia and Saudi Arabia-focussed gold exploration and development company KEFI Minerals updated the market on its Tulu Kapi Gold Project on Thursday, after recent meetings with its Ethiopian partners in the project company Tulu Kapi Gold Mines Share Company (TKGM), as well as regulatory agencies and the local community.

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6 Dec 2018 14:33

KEFI Minerals making progress at Tulu Kapi

(Sharecast News) - Gold and copper exploration and development company KEFI Minerals updated the market on its Tulu Kapi gold project in Ethiopia on Thursday, reporting that activities there continued to progress at a "significant" pace.

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6 Dec 2018 13:40

KEFI Minerals Reports Good Progress At Tulu Kapi, To Get Further Funds

LONDON (Alliance News) - KEFI Minerals PLC said Thursday that activities at its Tulu Kapi gold project in Ethiopia are progressing "at a significant pace", as an investor looks to more

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28 Nov 2018 14:06

KEFI Minerals Enters Into GBP4 Million Convertible Loan Facility (ALLISS)

LONDON (Alliance News) - KEFI Minerals PLC said Wednesday it entered into a secured convertible loan facility for up to USD4.0 million to provide the necessary funds to expand its Tulu Kapi gold a

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28 Nov 2018 11:42

KEFI Minerals signs £4m loan facility as it looks to progress Tulu Kapi

(Sharecast News) - Gold and copper exploration and development company KEFI Minerals announced on Wednesday that, further to its announcement on 30 October, it has entered into an up-to-£4m secured convertible loan facility with an unnamed "long standing institutional shareholder".

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6 Nov 2018 12:28

REPEAT: KEFI Minerals Expands Ethiopian Tenements To Include Tulu Kapi

LONDON (Alliance News) - Gold and copper exploration company KEFI Minerals PLC said on Tuesday it will expand its Ethiopian exploration tenements seven-fold, in order to encompass the Tulu Kapi on

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6 Nov 2018 12:08

KEFI Minerals Expands Ethiopian Tenements To Include Tulu Kapi Project

LONDON (Alliance News) - Gold and copper exploration company KEFI Minerals PLC said on Tuesday it will expand its Ethiopian exploration tenements seven-fold, in order to encompass the Tulu Kapi on

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1 Nov 2018 12:28

KEFI Minerals Granted Saudi Arabia Gold Exploration Licence Renewal

LONDON (Alliance News) - KEFI Minerals PLC said Thursday it has been granted formal renewal of the Hawiah exploration licence in Saudi Arabia.The company said it will now resume its role as

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30 Oct 2018 11:49

KEFI Minerals Gets GBP2 Million Shareholder Loan For Tulu Kapi

LONDON (Alliance News) - KEFI Minerals PLC has secured a new financing facility from a shareholder for its Tulu Kapi gold project located in Ethiopia, the company said Tuesday.The loan is a

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29 Oct 2018 13:41

KEFI Minerals Says Preparatory Field Activities Resume In Ethiopia

LONDON (Alliance News) - KEFI Minerals PLC on Monday reported the escalation of preparatory field activities in relation to its Tulu Kapi gold project in Ethiopia.Earlier in October, gold a

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29 Oct 2018 07:30

KEFI Minerals ramps up prep work at Tulu Kapi

(Sharecast News) - Saudi Arabia and Ethiopia-focussed gold and copper exploration and development company KEFI Minerals reported the ramp-up of preparatory field activities in relation to its Tulu Kapi Gold Project in Ethiopia on Monday.

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10 Oct 2018 11:37

KEFI Minerals' Tulu Kapi Funding Plan Includes USD160 Million Of Bonds (ALLISS)

LONDON (Alliance News) - KEFI Minerals PLC on Wednesday said it is proposing to issue USD160 million worth of bonds as part of its project development funding proposal for the Tulu Kapi gold in in

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8 Oct 2018 12:28

KEFI Minerals Welcomes Decision To Resettle Tulu Kapi Community Soon

LONDON (Alliance News) - Gold and copper miner KEFI Minerals PLC on Tuesday confirmed that the local, zonal and regional authorities intend to resettle the community of Tulu Kapi in Ethiopia in as

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