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Pin to quick picksOriole Share News (ORR)

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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.

More News
20 Apr 2023 13:54

IN BRIEF: Oriole Resources shares surge as chair invests

Oriole Resources PLC - London-based gold exploration company, focused on an early stage exploration project in Cameroon and the more advanced Senala gold project in Senegal - Raises GBP195,500 via a subscription buy Non-Executive Chair Eileen Carr. A total of 115.0 million new shares will be issued at a price of 0.17 pence per share. The proceeds will primarily be used for working capital to develop project-level funding opportunities and joint-venture partnerships at its exploration projects in Cameroon.

Read more
18 Apr 2023 14:20

TRADING UPDATES: Journeo extends contract; Biome completes fundraise

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

Read more
11 Apr 2023 12:19

Oriole reports progress on funding Cameroon project

(Sharecast News) - West Africa-focussed exploration company Oriole Resources updated the market on its five Eastern CLP licences in central Cameroon on Tuesday, as part of the wider Central Licence Package (CLP).

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11 Apr 2023 10:21

Oriole Resources signs USD1 million funding deal for Cameroon project

(Alliance News) - Oriole Resources PLC on Tuesday said it is transferring ownership of five Eastern central licence package assets in Cameroon to a sub-holding firm.

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27 Mar 2023 11:13

Oriole Resources completes geophysics programme at Mbe licence

(Alliance News) - Oriole Resources PLC on Monday said it has completed a ground-based geophysics programme over its main target at the Mbe licence in the eastern part of its 90%-owned central licence package project in Cameroon.

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9 Mar 2023 14:29

TRADING UPDATES: Forterra lifts yearly dividend on profit surge

(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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27 Feb 2023 19:04

Oriole Resources project in Cameroon delivers high-grade gold results

(Alliance News) - Oriole Resources PLC on Monday said its 90%-owned Central Licence Package in Cameroon has delivered further high-grade gold results.

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27 Feb 2023 16:19

Oriole upbeat on latest work at Central Licence Package

(Sharecast News) - West Africa-focussed Oriole Resources updated the market on exploration at its 90%-owned Central Licence Package (CLP) project in Cameroon on Monday.

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2 Feb 2023 11:30

Oriole touts value opportunity in Cameroon on lithium discovery

(Alliance News) - Oriole Resources PLC on Thursday hailed progress in Cameroon, after exploration confirmed lithium pegmatites at its Central Licence package project.

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30 Jan 2023 14:23

TRADING UPDATES: Empire Metals confirms copper; Mosman hails progress

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

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21 Dec 2022 13:32

Oriole's partner on Senala agrees to sell up

(Sharecast News) - West Africa-focussed gold explorer Oriole Resources reported on Wednesday that its partner on the Senala gold project in Senegal, IAMGOLD Corporation, has signed a definitive deal to sell its portfolio of projects in Senegal, Mali and Guinea to Managem Group for $282m.

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21 Dec 2022 12:33

Oriole Resources shares down as partner sells portfolio of projects

(Alliance News) - Oriole Resources PLC shares dropped on Wednesday, after it said its joint venture partner on the Senala gold project in Senegal, Iamgold Corp, has signed a definitive agreement to sell its portfolio of projects.

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9 Dec 2022 19:51

TRADING UPDATES: FBD loses CFO; Eqtec wins GBP 2 million loan facility

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

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9 Dec 2022 13:25

Oriole books £1.45m write-down on Thani Stratex investment

(Sharecast News) - West Africa-focussed gold explorer Oriole Resources announced a £1.45m write-down on its 24.94% interest in the privately-owned Thani Stratex Resources (TSR) on Friday, which in turn holds a 100% interest in the Hodine licence in Egypt.

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2 Dec 2022 14:49

TRADING UPDATES: Amaroq hails gold finds; Orcadian signs deal with SLB

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

Read more

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