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Pin to quick picksMetals Exploration Share News (MTL)

Share Price Information for Metals Exploration (MTL)

London Stock Exchange
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Share Price: 4.60
Bid: 4.50
Ask: 4.70
Change: 0.00 (0.00%)
Spread: 0.20 (4.444%)
Open: 4.60
High: 4.60
Low: 4.55
Prev. Close: 4.60
MTL Live PriceLast checked at -

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AIM WINNERS & LOSERS: Administration "ever more likely" for Amte Power

Thu, 20th Jul 2023 10:38

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.

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AIM - WINNERS

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Metals Exploration PLC, up 17% at 2.28 pence, 12-month range 0.8p-2.43p. The Philippines-focused gold producer reports record half-year and quarterly gold sales. In the first half, sells 46,186 ounces at an average price of USD1,939 per ounce, from 30,676 ounces at an average of USD1,878 a year before. Consequently, first-half revenue rises year-on-year to USD89.6 million from USD57.6 million. Says operations have exceeded expectations, and raises full year guidance to 78,000 to 81,000 ounces of gold, compared to the previous guidance range of 68,000 to 72,000. Also trims all-in sustaining cost guidance slightly.

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AIM - LOSERS

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Amte Power PLC, down 49% at 4.23p, 12-month range 3.8p-102p. The battery cell maker warns that being put into administration is "ever more likely", as its financial situation is becoming "ever more critical". Needs a solution implemented in the next few business days, but says there is no certainty of the outcome of its discussions with existing and potential investors. Says its shares on AIM would be suspended with immediate effect if it is put into administration. "Accordingly, should the company be unable to secure additional funding, the prospects for recovery of value, if any, by shareholders would be remote," it warns.

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Portmeirion Group PLC, down 28% at 284p, 12-month range 260p-522.65p. The homewares products maker warns that annual profit are likely to be "significantly" below market consensus. Says it expects sales in the first half to be down 3% year-on-year to GBP44 million. Says caution from US customers has continued since its May update, but it expects restocking to pick up, given resilient underlying end-consumer demand. Chief Executive Mike Raybould says the firm remains confident it is holding onto recent market share gains, and is "pleased" with recent product launches.

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By Elizabeth Winter, Alliance News senior markets reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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AIM WINNERS & LOSERS: Robinson sales up; Thor Energy halts ASX trading

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.

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9 May 2024 09:11

LONDON MARKET OPEN: Stocks muted pre-BoE interest rate decision

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29 Apr 2024 13:55

IN BRIEF: Metals Exploration quarterly gold revenue grows

Metals Exploration PLC - Philippines-focused gold producer - Says in the first quarter of 2024, gold revenue grows 28% to USD44.4 million from USD34.7 million in the final three months of 2023. Gold sales in the three months to March 31 are 21,465 ounces sold at an average realised gold price of USD2,069 per ounce. In the the quarter ended December 31, gold sales were 17,514 oz at an average price of USD1,980 per ounce. Affirms that tno lost time injuries occurred during the period, with over 22 million hours worked without a reportable injury. Adds that mining production of ore in the first quarter and waste was above forecast at 3.31 million tonnes, with a total of 678,000 tonnes of ore mined. Chief Executive Officer Darren Bowden says: "The first quarter of the year has continued to see a strong performance at Runruno. Production was above forecast with excellent gold sales and continued high average recovery rates at 90%."

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27 Mar 2024 16:13

EARNINGS AND TRADING: Solid State ups outlook; Quartix trading in line

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

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18 Mar 2024 16:31

Metals Exploration names Nick von Schirnding as new chair

(Alliance News) - Metals Exploration PLC announced on Monday the appointment of Nick von Schirnding as chair.

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18 Mar 2024 12:07

Metals Exploration taps Nick von Schirnding for chairman

(Sharecast News) - Gold producer Metals Exploration said on Monday that it has appointed Nick von Schirnding as chairman, with immediate effect.

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24 Jan 2024 14:31

Metals Exploration shares down despite promising 2023 production rates

(Alliance News) - Metals Exploration PLC on Wednesday said that 2023 production and revenue had reached record levels, exceeding the company's previous forecasts for the full year.

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12 Jan 2024 15:22

Metals Exploration agrees to buy majority of YMC Group

(Sharecast News) - Philippines-focussed gold producer Metals Exploration announced a conditional share purchase agreement (SPA) on Friday, to acquire a controlling interest in the YMC Group, which holds a significant exploration tenement in the Abra area of the Philippines.

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12 Jan 2024 10:07

Metals Exploration to buy majority stake in Philippine YMC

(Alliance News) - Metals Exploration PLC on Friday said it has signed a conditional purchase agreement to buy a controlling interest in Philippines-based Yamang Mineral Corp Group.

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17 Oct 2023 10:48

Metals Exploration sees shares fall on quarterly gold revenue decline

(Alliance News) - Metals Exploration PLC on Tuesday said that it is expecting a lower head grade for the rest of the year, as gold revenue fell in the third quarter from the second.

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27 Sep 2023 14:37

EARNINGS: Metals Exploration gold-boosted interim profit skyrockets

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

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18 Sep 2023 14:22

TRADING UPDATES: Metals Exploration chair resigns; Mobeus NAV drops

(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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20 Jul 2023 18:52

TRADING UPDATES: Iofina optimistic; Metals Exploration ups outlook

(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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