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Minco moves into the red in H1

Tue, 30th Aug 2016 15:16

(ShareCast News) - UK, Ireland and Canada zinc and lead explorer Minco said it made a first half loss of $0.51m compared with a profit of $79,000 for the same period ended June 30, 2015.The AIM-listed firm said the loss included a foreign exchange loss of $98,000 compared to a gain of $0.55m.Minco said it invested $0.26m on exploration of its mineral properties, of which the largest amounts were expended on the Buchans zinc lead project in central Newfoundland.Administrative expenses, excluding foreign exchange, were $0.43m compared to $0.497,000 in the same period in 2015.The company added that it mineral properties with a book value of $13.2m, cash and cash equivalents of $3.31m and a working capital surplus of $2.95m, compared to a working capital surplus of $3.62m at December 31, 2015.
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23 Jul 2014 10:24

Minco Files Strong Technical Report On Woodstock Manganese Project

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10 Jul 2014 11:25

UK MIDDAY BRIEFING: Qatari Fund To Sell Off A Third Of LSE Stake

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10 Jul 2014 10:30

UK WINNERS & LOSERS: Burberry Struts To Top Of FTSE 100 Winners

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10 Jul 2014 08:53

Minco Reports Positive Assessment For Woodstock Manganese Project

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9 Jul 2014 15:27

Minco Shares Suspended Pending Announcement, After 77% Rise

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13 Jun 2014 08:36

Minco Finds Zinc Mineralisation At North Pennines Project

LONDON (Alliance News) - Minco PLC Friday said it has found zinc mineralisation in multiple regions in 11 of its 26 holes drilled to date on the North Pennines zinc-lead exploration project in northern England. The manganese, lead and zinc drilling company said results from its most recent

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29 May 2014 08:14

Minco Swings To First Quarter Loss, Administrative Expenses Rise

LONDON (Alliance News) - Metals exploration company Minco PLC Thursday said it swung to a loss in the first quarter, mainly because it had booked a significant foreign exchange gain in the year-earlier period. The company said it made a net loss of USD271,000 in the three months to end-Marc

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1 May 2014 12:48

Minco Reports Full-Year Loss On Charges, Foreign Currency Loss

LONDON (Alliance News) - Minco PLC recorded a USD2.4 million loss for the full-year as the firm was hit by a number of charges and currency headwinds. During the year to December 31, 2013, the firm recorded a USD2.4 million loss, including a USD250,00 foreign exchange loss, a change in fair

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27 Feb 2014 15:31

Minco Defines Process For Manganese At Plymouth Deposit

LONDON (Alliance News) - Minco PLC Thursday said it has defined the hydrometallurgical process for the company's 100% owned Plymouth manganese deposit in Canada. The manganese focused miner said it has completed a bench scale test programme at the site which successfully produced commercial

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23 Jan 2014 11:43

Minco Announces Start Of Winter Exploration Drilling In Newfoundland

LONDON (Alliance News) - Minco PLC Thursday announced the start of its 2014 winter exploration drilling programme on the Clementine West base metal sulphide prospect in Newfoundland, Canada. The base metals exploration and development company, with operations in Ireland, Mexico, Canada and

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26 Sep 2013 13:38

Minco Finds Zinc-Lead Mineralisation In The Pennines

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21 Jun 2013 10:53

Minco recommences drilling at North Pennies

Minco's shares advanced Wednesday after the miner announced it would recommence diamond drilling at the North Pennies in the UK on June 24th. The company had anticipated that exploration would not continue during the summer months due to environmental factors. However, the group has now found suita

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24 May 2013 12:09

Minco encounters elevated zinc-lead values in Northern Pennines

AIM-listed Minco has reported that the first phase of exploration drilling at its Northern Pennines zinc-lead project in northern England has encountered elevated zinc-lead values over broad intervals in all four drill holes completed in the programme to date. The group said that a total of 2,221 m

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13 Mar 2013 12:51

Minco unveils positive test results from Woodstock Manganese Project

AIM-listed engineering firm Minco has reported successful results from its metallurgical pre-concentration tests on the Woodstock Manganese Project in Canada. Together with its partner, Buchans Minerals Corporation, the company reported successful results of a preliminary bench scale pre-concentra

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21 Jan 2013 13:34

Minco advances as it begins Canada drilling project

Mining group Minco gained Monday on news it started drilling for manganese deposits at the newly optioned Woodstock project in New Brunswick, Canada. Shares were up 5.0% to 5.25p as Minco kicked off work across an area of 4,000 metres in 15 drill holes focused on the Plymouth deposit on the Woodsto

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