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TRADING UPDATES: Chaarat Gold beats guidance for 2021 Kapan output

Wed, 09th Feb 2022 18:13

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

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Chaarat Gold Holdings Ltd - gold miner in Armenia and mine developer in Kyrgyz Republic - For 2021, Kapan mine ends with output of 63,000 gold equivalent ounces, beating guidance of 57,000 ounces. Its standalone earnings per interest, tax, depreciation and amortisation rises 20% to USD22.7 million from USD19 million. Looking ahead, Kapan mine is expected to produce 50,000 to 53,000 ounces of own ore for 2022. Meanwhile, at the East Flank, resource definition drilling is ongoing.

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RTC Group PLC - London-based recruitment company - For 2021, company results will reflect a period of lag in replacing revenue, due to a slowdown in activities caused by Covid and the withdrawal of NATO troops from Afghanistan. In addition, revenue in 2020 was bolstered by a one-off contract performance settlement of GBP590,000, which is not repeated in 2021.

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Civitas Social Housing PLC - social housing investor - As at December 31, net asset value per share edges up to 108.78 pence from 108.49p on September 30. Portfolio NAV stands at GBP741.3 million at a net initial yield of 5.06%. Declares third quarter dividend of 1.3875 pence per share, as part of annual dividend target of 5.55p for the year ending March 31.

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Castillo Copper Ltd - Perth, Australia-based exploration company focused on copper across Australia and Zambia - Following strategic review, has determined that the key priority should be modelling a mineral resource estimate for cobalt at the BHA Project's East Zone, leading to the plan of listing the BHA Group on the ASX being deferred.

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Oriole Resources PLC - exploration company operating in west Africa - At its 90%-owned Wapouze gold project in Cameroon, has completed five trenches for a total of 2,524 metres at the Bataol zone, returning anomalous gold, and mineralisation being hosted by quartz veinlets within sedimentary schist. In addition, phase three diamond drilling programme at its Bibemi gold project has delivered significant intersections, and confirmed a mineralised corridor at Bakassi zone one which extends over widths of up to 150 metres and more than 1 kilometres along strike.

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Caracal Gold PLC - gold producer in East Africa - For the fourth quarter of 2021, achieves record run of mine ore production at Kilimapesa, with 38,351 tonnes of ore produced from both underground and open pit operations. Looking ahead, will start its accelerated development plan, which includes further expansion to the open pit, underground mining and mine develop activities to ensure ROM output can support a doubling of the milling circuit capacity to 1,000 tonnes per day from 500 tonnes per day.

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OptiBiotix Health PLC - York, England-based life sciences company - Has made progress on strategy to sell products through a mix of smaller, quick to market partners and larger partners which normally enter the market once product credibility is established. So far, company has signed three deals in December for several products, established a new sales infrastructure for its B2B infrastructure in the US, and expanded its first generation products to include LeanBiome.

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Hummingbird Resources PLC - gold miner with projects in Mali, Liberia and Guinea - Reveals further results from 2021 exploration drilling programme at the Yanfolila gold mine in Mali, specifically the Sanioumale East and greenfield deposit. Findings show significant grade, extending depth for the deposit. In addition, highlights the upside potential to the deposit's current resources and reserves profile of 204,000 and 100,300 ounces respectively.

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African Pioneer PLC - Isle of Man-based natural resources company - Following site visit to Ongombo copper mine project in Namibia, the engineering consultant has reviewed and validated scoping study assumptions, while sulphide mineralisation has been identified over and above the previously recorded sulphide mineral resource. A drill plan has been approved and will be implemented shortly.

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Yamana Gold Inc - Toronto-based miner in Canada and Brazil - As at December 31, reported 13.7 million ounces of gold mineral reserves and 111 million ounces of silver mineral ounces, remaining flat compared to the prior year. For the development projects, there are mineral reserves of 7.1 million ounces of gold, 57 million ounces of silver, and 6.7 billion pounds of copper represent significant upside potential within the existing portfolio.

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By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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8 Apr 2024 12:42

IN BRIEF: Oriole Resources up after extending Senala licence to 2027

Oriole Resources PLC - West Africa-focused gold exploration company - Renews exploration licence for the Senala gold project, Senegal. The new licence is valid for a period of three years from February 17. Oriole says that the surface area of the licence has been reduced by 25% to comply with the Senegalese mining code, and now stands at 354.5 kilometres squared.

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8 Apr 2024 11:10

Oriole Resources confirms renewal of Senala licence

(Sharecast News) - West Africa-focussed gold explorer Oriole Resources announced the renewal of the exploration licence for the Senala gold project in Senegal on Monday.

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2 Apr 2024 12:17

EARNINGS: AdvancedAdvT hails "good progress" after Capita deal

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

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25 Mar 2024 17:31

EARNINGS AND TRADING: RTC back in profit but Goldplat earnings fall

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

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25 Mar 2024 15:20

Oriole Resources announces fresh drilling plans in Cameroon

(Sharecast News) - West Africa-focussed gold explorer Oriole Resources announced plans for a phase five diamond drilling programme at its Bibemi orogenic gold project in Cameroon on Monday, scheduled to start in the second quarter.

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29 Feb 2024 18:52

EARNINGS AND TRADING: Frontier IP sells last of Exscientia holding

(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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26 Feb 2024 15:05

Oriole Resources reports progress at Mbe gold project

(Sharecast News) - Gold explorer Oriole Resources updated the market on exploration at its 90%-owned Mbe gold project in Cameroon on Monday.

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26 Feb 2024 12:08

IN BRIEF: Oriole says infill soil sampling restarts at Mbe gold project

Oriole Resources PLC - Gold and base metal explorer focused on West Africa - Finds 256.74 grammes of gold per tonne in its Mbe gold project in Cameroon. Says infill soil sampling has started at MB-01, and adds that infill soil sampling is also planned over the wider 12.5 kilometre-long zone of soil anomalism at Mbe, to provide greater data resolution. This will commence later in the first quarter of 2024. Chief Exeuctive Officer Tim Livesey says: "We are pleased to see the restart of work at Mbe, where we believe we have identified targets indicative of a corridor of gold mineralisation which runs across all five of our Eastern CLP licences. As a potential new gold district, early indications from Mbe suggest a huge opportunity is developing in this prospective area of Cameroon."

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19 Feb 2024 14:33

IN BRIEF: Oriole Resources: AGEM completes six-year Senala earn-in

Oriole Resources PLC - Gold and base metal explorer focused on West Africa - Says that AGEM Senegal Exploration Suarl has completed its six-year earn-in period at the company's Senala gold joint venture. AGEM is a wholly owned subsidiary of Managem Group, a Casablanca, Morocco-based mining company. Managem took control of Senala in April 2023, after acquiring AGEM. Oriole's interest in the project is held through its 85% interest in Stratex-EMC Sarl, a holding vehicle for the Senala exploration licence. Managem confirmed that, since the 2018 option agreement was signed, AGEM has spent around USD5.8 million on the Senala project. As a result, AGEM's ownership of the Senegalian venture is estimated to be around 59%.

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30 Jan 2024 14:20

TRADING UPDATES: Lexington completes Bothaville drilling phase

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

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22 Jan 2024 10:34

Oriole shares skyrocket as strong results delivered at Mbe project

(Alliance News) - Oriole Resources PLC on Monday said sampling results at its 90%-owned Mbe orogenic gold project in Cameroon has revealed "very strong results", and that BCM International Ltd has now confirmed it has completed its due-diligence review at the project.

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22 Jan 2024 10:07

AIM WINNERS & LOSERS: Oriole receives samples from Mbe project

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

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19 Jan 2024 10:56

Oriole Resources up after inking earn-in for Cameroonian Mbe licence

(Alliance News) - Oriole Resources PLC on Friday confirmed a second earn-in at its licences in north Cameroon.

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15 Jan 2024 12:09

IN BRIEF: Oriole Resources jumps on new MRE for Bakassi zone 1

Oriole Resources PLC - west Africa-focused gold exploration company - Notes updated inferred mineral resource estimate for Bakassi zone 1 at its 82.2%-owned Bibemi orogenic gold project in Cameroon. Says MRE is 375,000 Troy oz gold grading 2.30 grams per tonne. Chief Executive Officer Tim Livesey comments: "We have been pleased to see the maiden resource support this pit expansion and deliver not only additional tonnes, but also at a higher grade. As we progress toward our fifth phase of drilling at Bibemi, with our partners BCM, we look forward to further expansion of the Bakassi zone 1 resource. We are also keen to test and define the potential at the other three prospect areas. This project is shaping up to be very robust and offers the opportunity for early development of a potential multi-pit gold mining operation."

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