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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
28 Oct 2022 14:40

IN BRIEF: Oriole raises funds via placing for Cameroon development

Oriole Resources PLC - London-based, West-Africa focused exploration company - Conditionally raises GBP600,000 through placing of 500.0 million new ordinary shares, at 0.12 pence per share, including GBP32,000 of subscriptions by directors. Intends to use these funds to advance Cameroonian assets in the 2022 to 2023 field season, focusing on drill target identification at the Central Licence Package project, and on work to deliver an inferred mineral resource at the Bibemi Gold project.

Read more
14 Oct 2022 19:55

TRADING UPDATES: Pembridge Resources sales rise; RECI net assets up

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

Read more
10 Oct 2022 12:11

Oriole reports maiden exploration target at Bibemi

(Sharecast News) - West Africa-focussed explorer Oriole Resources reported its maiden JORC-compliant exploration target on the 90%-owned Bibemi orogenic gold project in Cameroon on Monday.

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3 Oct 2022 21:46

TRADING UPDATES: Public Policy buys KP; Plus500 enters partnership

(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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3 Oct 2022 12:31

Oriole Resources gets two more years on Bibemi licence

(Sharecast News) - West Africa-focussed exploration company Oriole Resources has received a two-year licence extension for its 90%-owned Bibemi orogenic gold project in Cameroon, it announced on Monday.

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28 Sep 2022 16:30

Oriole Resources narrows losses amid Cameroon exploration

(Sharecast News) - West Africa-focussed exploration company Oriole Resources reported a first-half pre-tax loss of £0.39m on Wednesday, narrowing from £0.87m year-on-year.

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28 Sep 2022 12:44

EARNINGS UPDATES: Andrews Sykes profits from heat; Ceiba bets on Cuba

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

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15 Sep 2022 11:14

AIM WINNERS & LOSERS: Tertiary Minerals teams up; Scirocco to hold GM

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

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15 Sep 2022 11:09

IN BRIEF: Oriole Resources shares surge on gold findings in Cameroon

Oriole Resources PLC - gold exploration company focused on Cameroon and Senegal - Provides update on 90%-owned Bibemi gold project in Cameroon. Finds up to 76.67 grammes of gold per tonne at BBDD034 extension. Adds that phase 4 drilling delivers a number of "significant" intersection. "Results prove the existence of multiple grade-bearing, sub-horizontal veins in addition to the previously tested sub-vertical veins," Oriole says.

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17 Aug 2022 15:31

IN BRIEF: Oriole Resources soil samples confirm gold anomalies

Oriole Resources PLC - London-based gold exploration company focused in Cameroon and Senegal - Updates on the 90%-owned Central Licence Package project in Cameroon. Receives results for 3,553 soil samples from the Eastern CLP, which confirms anomalous results in all grids. The best results include 520 parts per billion gold, 463 ppb gold, and 11ppb gold, with 12 samples equal to or above 51 ppb gold.

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17 Aug 2022 15:28

Oriole identifies further gold targets in Cameroon

(Sharecast News) - West Africa-focussed explorer Oriole Resources updated the market on its 90%-owned Central Licence Package (CLP) project in Cameroon on Wednesday, with further gold targets identified.

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29 Jun 2022 11:21

Oriole Resources falls on financing package for project development

(Alliance News) - Oriole Resources PLC on Wednesday announced a GBP400,000 financial package to advance its assets in Cameroon, particularly drill target identification at its Central Licence Package project.

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22 Jun 2022 19:39

TRADING UPDATES: Vertu margins remain strong; Donegal behind

(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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15 Jun 2022 16:02

Oriole reports positive potential from recent drilling at Bibemi

(Sharecast News) - West Africa-focussed exploration company Oriole Resources updated the market on its 90%-owned Bibemi gold project in Cameroon on Wednesday, reporting that the first two holes of the ongoing diamond drilling programme confirmed the existence of mineralised sub-horizontal quartz veins between the previously-defined sub-vertical shear veins.

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15 Jun 2022 14:04

IN BRIEF: Oriole Resources says Bakassi holes confirm quartz veins

Oriole Resources PLC - London-based gold exploration company focused in Cameroon and Senegal - Says there is potential to build a volume of mineralised material at a prospect at the Bibemi Gold project in Cameroon. Oriole reports that the first two holes of the ongoing phase four diamond drilling programme have confirmed the existence of mineralised sub-horizontal veins at Bakassi Zone 1. The veins are sulphide-rich and have broader alteration halos than observed in the sub-vertical veins, which could be important in terms of delivering wider zones of mineralisation.

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