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Pin to quick picksPremier African Minerals Share News (PREM)

Share Price Information for Premier African Minerals (PREM)

London Stock Exchange
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Share Price: 0.195
Bid: 0.19
Ask: 0.20
Change: 0.004 (2.09%)
Spread: 0.01 (5.263%)
Open: 0.195
High: 0.20
Low: 0.1925
Prev. Close: 0.191
PREM Live PriceLast checked at -

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UK WINNERS & LOSERS SUMMARY: Centamin Loses 20% On 2021 Guidance

Wed, 21st Oct 2020 10:37

(Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Wednesday.

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FTSE 100 - LOSERS

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Fresnillo, down 4.4%. The gold and silver miner lowered its full-year gold guidance "marginally" as working restrictions due to the virus at the Herradura mine in Mexico hurt production. The Mexican company now expects annual gold production in the range of 745,000 to 775,000 ounces. Its previous guidance range was between 785,000 and 815,000 ounces. For the three months to September 30, gold output fell 6.3% quarter-on-quarter to 172,718 ounces from 184,356 due to the lower overall speed of recovery and ore grade at both Herradura and Noche Buena mines. Gold output fell 18% year-on-year from 209,752 ounces in the year ago quarter.

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FTSE 250 - LOSERS

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Centamin, down 20%. The gold miner reaffirmed its 2020 guidance but expects an output fall in 2021. During the third quarter, gold production fell 2% quarter-on-quarter to 128,240 ounces from 130,994 ounces. Gold sold in the quarter dropped 9% to 118,617 ounces from 130,745 ounces. It expects total 2020 output between 445,000 ounces to 455,000 ounces of gold produced but forecasts the 2021 figure to come in between 400,000 ounces to 430,000 ounces.

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OTHER MAIN MARKET AND AIM - WINNERS

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Thor Mining, up 31%. The exploration and development firm said it is "another step closer" to selecting drill targets at Ragged Range gold project, Australia. Thor reported "visible gold" along a 13 kilometre stretch in the project.

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Europa Oil & Gas, up 25%. The UK, Ireland and Morocco-focused oil and gas firm was given a one-year extension to Inezgane exploration permit by Moroccan regulators. The permit, which now runs to November 2022, was granted due to time lost as a result of Covid-19.

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Pipehawk, up 25%. The Hampshire-based provider of technology solutions to highways and rail industries said revenue in the year to June 30 jumped 24% to GBP8.3 million. Pretax profit surged to GBP194,000 from GBP12,000.

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ECO Animal Health Group, up 21%. The pet and livestock pharmaceuticals company said its revenue for the year to March 31 will exceed market expectations if current trends continue. ECO added that during the first half, revenue in China outperformed management expectations helped by the high price for pork.

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OTHER MAIN MARKET AND AIM - LOSERS

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Premier African Minerals, down 16%. The southern Africa-focused miner said it plans to raise GBP1.1 million through the placing of 2.75 billion shares at 0.04 pence each. "Premier intends to use the proceeds of the placing to assist with the funding to identify and secure high value exploration and/or cash generative assets," the company explained.

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D4T4 Solutions, down 13%. The data solutions provider said revenue in the six months ended September 30 fell 42% to GBP5.1 million from GBP8.8 million, though like adjusted profit, it came in in-line with internal expectations. D4T4 noted a "number of significant new contracts expected to close in the half" are still pending and now expected in the second half.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
12 Apr 2024 13:20

Premier African raises another £1m due to strong institutional interest

(Sharecast News) - Premier African Minerals announced on Friday that it had raised a fresh £1m, due to strong institutional interest in its fundraising announced on 11 April.

Read more
12 Apr 2024 10:46

Premier African Minerals announces third share subscription of 2024

(Alliance News) - Premier African Minerals Ltd on Friday said it has accepted the subscription of further shares following strong institutional interest.

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11 Apr 2024 13:05

IN BRIEF: Premier African raises GBP2 million for Zulu lithium asset

Premier African Minerals Ltd - minerals and metals producer focused on projects in Zimbabwe and Namibia - Announces a subscription offer for 1.2 billion new shares at an issue price of 0.17 pence each to raise around GBP2.0 million. Says the proceeds will go towards development of the company's Zulu lithium and tantalum project in Zimbabwe. The issue price represents a 15% discount to the company's Wednesday closing share price of 0.20p.

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UK shareholder meetings calendar - next 7 days

Wednesday 3 April 
Downing Strategic Micro-Cap Investment Trust PLCGM re approval of B share scheme
Quantum Exponential Group PLCGM re delisting or potential investment in company
Thursday 4 April 
Rio Tinto PLCAGM
Scottish American Investment Co PLCAGM
TheWorks.co.uk PLCGM re Main Market delisting and AIM admission
Friday 5 April 
Faron Pharmaceuticals LtdAGM
VPC Specialty Lending Investments PLCGM re capital return via B share scheme
Monday 8 April 
Premier African Minerals LtdAGM
Tuesday 9 April 
Ethernity Networks LtdEGM re board appointments and option grants
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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(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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TRADING UPDATES: United Oil adds Jamaica expert; Vaalco makes buy

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EARNINGS AND TRADING: Sure Ventures value down after VividQ fundraise

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

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15 Feb 2024 14:17

IN BRIEF: Premier African Minerals announces discounted Zulu fundraise

Premier African Minerals Ltd - Metal and mineral developer focused on Africa - Announces a fundraise for GBP2.5 million through a subscription at an issue price of 0.275p per new share. This represents a 17% discount to the company's Wednesday closing price of 0.33p per share. Proceeds will go towards the company's Zulu lithium and tantalum project in south-west Zimbabwe. Premier African says it has sufficient funding to take it to first production at Zulu, with commercial production set to commence in late February and first shipments expected for March. Negotiations with Zimbabwe-based lenders for working capital facilities at Zulu are ongoing, the company says.

Read more
9 Feb 2024 11:46

Premier African Minerals announces new Zulu resource estimate

(Sharecast News) - Premier African Minerals announced an update to its Zulu lithium and tantalum project on Friday, with the release of a new SAMREC-compliant mineral resource estimate, replacing the previous estimate issued in June 2017.

Read more
9 Feb 2024 11:22

IN BRIEF: Premier African notes new mineral resource estimate for Zulu

Premier African Minerals Ltd - Africa-focused metals and mineral project developer - Says mineral resource estimate forecasts lithium oxide at 107,366 tonnes and the direct conversion of the contained lithium oxide to spodumene concentrate is 1,789,433 tonnes at Zulu lithium and tantalum project.

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18 Jan 2024 14:18

IN BRIEF: Premier African says production to begin next month at Zulu

Premier African Minerals Ltd - Africa-focused metals and mineral project developer - Says new ball mill that has been custom built for its Zulu lithium and tantalum project in Zimbabwe is expected to depart from South Africa in the last week of January. The ball mill is the last major item to be placed for a restart of production that is still anticipated for late February, Premier African says. By February, the company says "additional hydrosizer, mill discharge screen, and associated tanks, sumps and pumps" will have been installed.

Read more
9 Jan 2024 11:47

IN BRIEF: Premier African to start Zulu production in February

Premier African Minerals Ltd - Africa-focused metals and mineral project developer - Says drill assay results at Zulu lithium and tantalum project in Zimbabwe show consistent spodumene concentrate grades as low as 4%. Results also show lithium oxide grades of 1.00% and 0.95%. Chief Executive Officer George Roach says: "Those surface trench and drill hole results, originating from the Southeast pegmatite, represent very good potential for this pegmatite that is adjacent but discrete from the main mining and pit developments underway at present." Adds it is on track to target revenue generating production by late February.

Read more

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