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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.

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18 Sep 2015 11:04

Metals Exploration to raise new funds for Runruno gold mine

(ShareCast News) - Metals Exploration announced a share placing, an open offer and a debt securities issue to raise funds as it looks to get permits for its Runruno gold mine in the Philippines. The group said it has secured commitments to raise $5m via the issue of 108m shares at 3p per share from

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18 Sep 2015 09:17

WINNERS & LOSERS SUMMARY: UDG Healthcare Surges After McKesson Deal

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18 Sep 2015 07:23

Metals Exploration Launches Placing, Open Offer, Debt Securities Issue (ALLISS)

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7 Aug 2015 12:06

Metals Exploration To Raise Funding Amid Runruno Delays

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4 Jun 2015 07:59

Metals Exploration Says Runruno Project On Cusp Of Operations

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23 Feb 2015 09:01

Metals Exploration Says Construction Progressing At Runruno Project

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30 Sep 2014 09:37

Metals Exploration Widens Loss, Continues To Focus On Runruro Project

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17 Sep 2014 09:24

Metals Exploration Says Runruno On Budget But Processing Plant Delayed

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28 May 2014 10:43

Metals Exploration Signs USD83 Million Facility For Runruno Gold Project

LONDON (Alliance News) - Metals Exploration PLC Wednesday said it has entered a senior secured project financing facility for up to USD83 million through its FCF Minerals Corp subsidiary, which will be used to fund the development and construction of its flagship Runruno gold project in the Phili

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23 May 2014 11:10

Metals Exploration Losses Widen In 2013 On Development Costs

LONDON (Alliance News) - Metals Exploration PLC Friday said its pretax loss widened in 2013 as it increased administrative costs to help facilitate the development of its Runruno gold-molybdenum project. The natural resources exploration and development company with operations in the Philip

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11 Mar 2014 12:31

Metals Exploration Says Runruno Set For 4th Quarter Gold Production

LONDON (Alliance News) - Metals Exploration PLC Tuesday said the construction phase of its Runruno gold-molybdenum project is developing on budget with Stage 2 work underway. The natural resources exploration and development company, with operations in the Philippines, said it remains on tr

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3 Mar 2014 09:49

Metals Exploration Says Philippines Environmental Writ Dismissed

LONDON (Alliance News) - Metals Exploration PLC Monday said the Supreme Court of the Philippines has dismissed a writ against the company alleging it was breaching environmental laws. In a statement, Metals Exploration said the so-called "writ of Kalikasan" against its FCF Minerals Corporat

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12 Nov 2013 13:17

Metals Exploration Says Typhoon Haiyan Did Not Affect Operations

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21 Oct 2013 10:36

Metals Exploration Shares Drop 13% As It Is Hit By Philippines Court Order

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25 Sep 2013 12:27

Metals Exploration Losses Widen As It Moves Towards Production In 2014

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