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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
29 Aug 2018 12:34

Metals Exploration Shares Fall As It Asks For New Debt Payment Waiver

LONDON (Alliance News) - Metals Exploration PLC shares fell Wednesday as it said it will not meet to amended deadline for capital payments on its debt on Friday.Metals Exploration was 25% a

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31 Jul 2018 12:31

Metals Exploration To Defer Capital Payment Until August

LONDON (Alliance News) - Metals Exploration PLC said on Tuesday its senior lenders, HSBC Corp Ltd and BNP Paribas SA, have consented to a waiver request to defer three capital payments until debt

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25 Jul 2018 11:42

Metals Exploration Secures USD4 Million Financing To Partly Repay Debt

LONDON (Alliance News) - Metals Exploration PLC on Wednesday said it has agreed a USD4 million loan facility from major shareholders Sarl Ltd and Runruno Holdings Ltd.The stock was trading

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23 Jul 2018 13:23

Metals Exploration Slowly Recovers Gold Production Over Second Quarter

LONDON (Alliance News) - Metals Exploration PLC said on Monday it has made progress following the restarting of its BIOX ramp up at the Runruno gold mine operations, leading to improved gold group

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5 Jul 2018 13:03

Metals Exploration Runruno Gold Mine Experiences Challenges

LONDON (Alliance News) - Metals Exploration PLC said Thursday its Runruno gold mine is "experiencing challenges".Shares in Metals Exploration were down 10% at 2.80 pence each BIOX

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24 May 2018 13:02

Gold Producer Metals Exploration Reports Narrowed Annual Loss

LONDON (Alliance News) - Metals Exploration PLC on Thursday reported a narrowed loss for 2017 on the back of diminished losses on forward sales contracts and lower finance costs.For 2017, a

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10 May 2018 14:27

Metals Exploration Non-Execs Wilson And Dean Both Depart

LONDON (Alliance News) - Metals Exploration PLC on Thursday announced the resignations of non-executive directors Tim Dean and Julian Wilson effective immediately.It is to look for "in

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20 Apr 2018 13:24

Metals Exploration Reports Sharp Drop In Runruno Gold Sales

LONDON (Alliance News) - Metal Exploration PLC said Friday that the bacterial oxidation circuit at the Runruno gold-molybdenum project in the Philippines achieved 100% design throughput and will

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29 Mar 2018 14:13

Metals Exploration Secures USD2 Million Loan From Shareholders

LONDON (Alliance News) - Metals Exploration PLC said Thursday that all areas of operation are performing soundly and that it has secured a USD2 million standby

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10 Jan 2017 16:22

Director dealings: Metals Ex director sees upside after loan terms agreed

(ShareCast News) - Metals Exploration director Jeremy Ayre shelled out £0.25m on shares in the Philippines-focused outfit as they trade at half the level they reached last summer, perhaps setting a floor for the stock after new debt terms were agreed last month. Ayre, a corporate finance specialist

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30 Sep 2016 10:59

Metals Exploration Begins Commercial Production As Loss Widens

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15 Jul 2016 10:54

LONDON MARKET MIDDAY: Terror Attack In France Weighs On Travel Stocks

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15 Jul 2016 09:09

Metals Exploration Says It Requires "Immediate Additional Funding"

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13 Jul 2016 09:26

Metals Exploration Resumes Milling Operations At Runruno

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30 Jun 2016 11:58

Metals Exploration Seeks Debt Facility Restructure As Repairs Continue

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