Metals Exploration Share News (MTL)

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%."

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:

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.

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.

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.

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.

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.

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.

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:

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:

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:

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

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

UK shareholder meetings calendar - next 7 days

TRADING UPDATES: Cornerstone FS revenue doubles, loss widens

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

IN BRIEF: Metals Exploration closes Runruno mine following fatality

Metals Exploration PLC - London-based, Philippines-focused gold producer - Notes fatality at Runruno mine, which is unconnected to any of the ongoing operational activities. Says Runruno will remain closed for 24 hours while the authorities finish their mandatory investigations. It is understood by Metals Exploration that no other parties were involved and that the authorities are not treating the death as an industrial related incident. "The company takes a loss of life incident, however caused, very seriously and to ensure the health and wellbeing of the workforce is upheld at all times," it adds.