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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: 4.55
Bid: 4.50
Ask: 4.60
Change: 0.10 (2.22%)
Spread: 0.10 (2.222%)
Open: 4.45
High: 4.60
Low: 4.40
Prev. Close: 4.50
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.

More News
13 Sep 2019 09:50

Metals Exploration cuts interim loss after gold production jumps

(Sharecast News) - Shares in Metals Exploration climbed on Friday after the company slashed its interim loss following a surge in gold production that bolstered revenues.

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13 Sep 2019 08:09

Metals Exploration Interim Loss Slashed By Gold Sales And Price Jump

(Alliance News) - Mining firm Metals Exploration PLC said Friday its interim loss was reduced as revenue leapt on rising gold sales and prices.For the six months ended June, pretax loss to

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1 Aug 2019 13:32

Metals Exploration Loan Standstill Talks Delayed By Typhoon Warning

(Alliance News) - Metals Exploration PLC on Thursday said it was not able to formally extend its standstill agreement with creditors due to a typhoon warning.Shares in Metals Exploration to

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28 Jun 2019 17:03

Metals Exploration Extends Lenders Standstill Deal Amid Ongoing Talks

(Alliance News) - Metals Exploration PLC confirmed Friday it had extended the standstill agreement with its lenders and major shareholders until July 31 as debt restructure talks Exploration the -

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25 Jun 2019 13:14

Metals Exploration Debt Talks Ongoing; Happy With Runruno Performance

(Alliance News) - Metals Exploration PLC said Tuesday negotiations to restructure its debt continue, and it is seeking an extension to the standstill agreement, which ends this in the mineral and

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3 Jun 2019 14:25

Metals Exploration Renews Again Standstill Agreement With Lenders

LONDON (Alliance News) - Metals Exploration PLC on Monday said it renewed once more a standstill agreement with its lenders and major shareholders for a further month until June 28.The the

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30 May 2019 10:18

Metals Exploration 2018 Loss Widens As Philippine Project Disappoints

LONDON (Alliance News) - Metals Exploration PLC on Thursday said revenue rose in 2018 on increased gold production from its Runruno project in the Philippines, but its loss widened dramatically as

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3 May 2019 14:44

Metals Exploration gets another month on its debt standstill agreement

(Sharecast News) - Metals Exploration confirmed on Friday that its lenders, HSBC and BNP Paribas, along with its major shareholders MTL Luxembourg and Runruno Holdings, as holders of its mezzanine debt, had renewed their standstill agreement for a further month until 31 May.

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24 Apr 2019 15:43

Metals Exploration emerges from quarter of change

(Sharecast News) - Pacific Rim-focussed natural resources exploration and development company Metals Exploration updated the market on its Runruno gold project in the Philippines on Wednesday, reporting mining of 2.93Mt in the quarter ended 31 March, with total ore mined standing at 573Kt.

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15 Mar 2019 10:20

Metals Exploration Nominated Adviser Resigns In Talks With Replacement

LONDON (Alliance News) - Metals Exploration PLC on Friday said its nominated adviser, Canaccord Genuity Ltd, has resigned with effect from April 14.The company added it is in "advanced

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12 Mar 2019 13:41

Metals Exploration Seeks "Critical" Standstill From Senior Lenders

LONDON (Alliance News) - Metals Exploration PLC has asked lenders for a standstill on repayments, it said Tuesday, in order to seek a restructuring of its senior debt facility.The firm has

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28 Feb 2019 11:50

Metals Exploration Hires Ex-White Cliff Minerals Chair As Interim CFO

LONDON (Alliance News) - Metals Exploration PLC on Thursday said Thursday it has appointed former White Cliff Minerals Ltd executive chair Michael Langoulant as interim chief financial in Metals a

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27 Feb 2019 12:57

Metals Exploration Lowers Recoveries For 2018 After Internal Review

LONDON (Alliance News) - Metals Exploration PLC said an internal review into historical operational performance of Runruno mine has shown "several material discrepancies".Shares

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18 Feb 2019 13:56

Metals Exploration Agrees Repayment Extension To Runruno Project Loan

LONDON (Alliance News) - Metals Exploration PLC on Monday said it has secured a repayment extension to its Runruno project loan agreement.The company, which is developing the Runruno gold A

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8 Feb 2019 12:12

Metals Exploration Extends Debt Refinancing, Loan Repayment Date

LONDON (Alliance News) - Metals Exploration PLC on Friday said its senior lenders have agreed an extension of time until the end of March to complete the senior debt refinancing.The and the

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