11 Nov 2022 15:24
TRADING UPDATES: De La Rue defends chair; Resolute Mining fundraise
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Don't have an account? Click here to register.Rambler Metals & Mining reduces costs, meets production target in FY
Mon, 24th Oct 2016 08:51
(ShareCast News) - AIM-listed copper and gold explorer Rambler Metals & Mining during the year, met its targeted production amount while it reduced cash costs at its Canadian mine.For the year ended 31 July, earnings before interest, taxes, depreciation, amortisation (EBITDA) was $6.1m up from $1.8m last year.The net loss after tax widened by 52% to $12.8m, or $4.9m before impairment, compared to the previous year.The company met its production guidance targets as mill throughput for the year increased 12% to 241,080 dry metric tonnes while concentrate grade averaged 26.9% copper with 13.8 grams per tonne of gold and milling recoveries for copper and gold averaged 95.6% and 68.7% respectively.Copper grades of 2.12% and gold grades of 1.40 grams per tonne were in line with guidance producing a total of 17,412 dry metric tonnes of copper concentrate containing 4,508 tonnes of copper metal and 7,129 ounces of gold.The company said it has found exploration potential within the Ming mine footprint that could allow for further growth if proven by drilling expected in the 2017 financial year.A total of 17,412 dry metric tonnes of concentrate was provisionally invoiced during the year containing 4,508 tonnes of copper metal, 7,129 and 37,701 ounces of gold and silver respectively at an average price of $2.20 per pound of copper, $1,179 per ounce of gold and $15.66 per ounce of silver, which generated revenue of $30.4m, down slightly by 12%.Cash flows generated from operating activities fell 34% to $4.8m with cash generated relating to the operating profit and changes in working capital.During the year the company secured financing from CE Mining Fund, to expand the second phase of the expansion strategy at its Labrador mine, to optimise available infrastructure through the integration of the new lower footwall zone mineral reserves, while the new projected mine life of the operation is twenty one years.An annual impairment review of the Ming mine found that it remains commercially viable however as a result of the current market outlook regarding commodity prices, foreign exchange rates and assuming the current pre-tax real discount rate of 10.71% a provision for impairment was put in the consolidated income statement reflecting the non-cash revaluation of assets.President and chief executive Norman Williams said: "With the project financing we will continue to focus on accelerating the phase two development, allowing the mine to deliver increased tonnage to surface."We are targeting our first expansion milestone of 1,250 metric tonnes per day from the mine by mid calendar 2017. With the operation team focused on delivering the production increase, we look forward to further engineering and evaluation of two very exciting opportunities around shaft rehabilitation and ore pre-concentration."Shares in Rambler Metals and Mining were down 4.23% to 6.34p at 0904 BST.
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Read more21 Oct 2022 14:58
Rambler Metals upbeat on third quarter production
(Sharecast News) - Rambler Metals said in a production update on Friday that the Ming Mine averaged ore production of 998 dry metric tonnes per day in its third quarter, down from 1,073 per day in the second quarter.
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Read more26 Sep 2022 20:22
TRADING UPDATES: AltynGold, Rambler Metals & Mining revenue grows
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Read more9 Sep 2022 19:11
TRADING UPDATES: BH Macro NAV rises; Rambler warns on balance sheet
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Read more23 Aug 2022 10:32
IN BRIEF: Rambler Metals finds new mineralisation zone at Ming mine
Rambler Metals & Mining PLC - Surrey, England-based copper and gold producer - For 2022 to date, drills over 12,767 metres within its underground diamond drilling program at the Ming copper-gold mine in Newfoundland and Labrador, Canada.
Read more12 Jul 2022 11:46
TRADING UPDATES: Steppe boosted by higher prices; Wincanton sales up
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Read more9 Jun 2022 12:42
IN BRIEF: Rambler Metals & Mining produces more gold & copper in May
Rambler Metals & Mining PLC - Surrey, England-based copper and gold producer - Mines & produces more gold & copper in May. Produces 234 ounces of gold in May, up from 160 ounces in April. Gold grade increases to 4.74 grammes per tonne in May from 4.10 in April. Produces 532 tonnes of copper in May, up from 413 tonnes in April. Copper grade higher in May at 28% from 27% in April. Expects to produce 7,000 tonnes of copper in 2022.
Read more6 Jun 2022 15:58
UK shareholder meetings calendar - next 7 days
| Tuesday 7 June | |
| Animalcare Group PLC | AGM |
| Arix Bioscience PLC | AGM |
| Centrica PLC | AGM |
| Integrated Diagnostics Holdings PLC | AGM |
| Kooth PLC | AGM |
| Ondine Biomedical Inc | AGM |
| Osirium Technologies PLC | AGM |
| SpaceandPeople PLC | AGM |
| TruFin PLC | AGM |
| Wednesday 8 June | |
| Ascent Resources PLC | AGM |
| Cambridge Cognition Holdings PLC | AGM |
| City Pub Group PLC | AGM |
| DP Eurasia NV | AGM |
| Gem Diamonds Ltd | AGM |
| Hiro Metaverse Acquisitions I SA | AGM |
| Itaconix PLC | AGM |
| M&G Credit Income Investment Trust PLC | AGM |
| Nostrum Oil & Gas PLC | AGM |
| Parity Group PLC | AGM |
| Petards Group PLC | AGM |
| Safestyle UK PLC | AGM |
| Savannah Resources PLC | AGM |
| Third Point Investors Ltd | AGM |
| Woodbois Ltd | AGM |
| Thursday 9 June | |
| 4basebio PLC | AGM |
| Northbridge Industrial Services PLC | GM re name change to Crestchic |
| Funding Circle Holdings PLC | AGM |
| Northbridge Industrial Services PLC | AGM |
| Dignity PLC | AGM |
| Corero Network Security PLC | AGM |
| Kosmos Energy PLC | AGM |
| Kistos PLC | AGM |
| Tungsten Corp PLC | GM re Kofax Offer |
| BioPharma Credit PLC | AGM |
| Checkit PLC | AGM |
| Panther Metals PLC | AGM |
| Instem PLC | AGM |
| Kore Potash PLC | AGM |
| Rambler Metals & Mining PLC | AGM |
| Xpediator PLC | AGM |
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| REA Holdings PLC | AGM |
| Invesco Perpetual UK Smaller Companies Investment Trust PLC | AGM |
| BlackRock Smaller Companies Trust PLC | AGM |
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| MP Evans Group PLC | AGM |
| THG PLC | AGM |
| Ergomed PLC | AGM |
| Ultra Electronics Holdings PLC | AGM |
| XLMedia PLC | AGM |
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| Angus Energy PLC | GM re second tranche of subscription shares and warrants |
| Elixirr International PLC | AGM |
| Ocean Outdoor Ltd | GM re takeover by Atairos Group Inc |
| Jupiter Emerging & Frontier Income Trust PLC | GM re voluntary liquidation |
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| Saga PLC | AGM |
| Spectra Systems Corp | AGM |
| VPC Speciality Lending Investments PLC | AGM |
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16 May 2022 16:20
TRADING UPDATES: Proteome set for profit rise; Kromek expects loss
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Rambler Metals achieves Canada mine output growth in April
(Alliance News) - Rambler Metals & Mining PLC on Monday said its output in April increased.
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TRADING UPDATES: Residential Secure Income acquires 39 new homes
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Read more25 Apr 2022 20:21
IN BRIEF: Rambler Metals continues to intersect high copper grades
Rambler Metals & Mining PLC - Surrey, England-based copper and gold producer - Provides update to its 2022 underground diamond drill program at the Ming Copper-Gold Mine, Baie Verte, Newfoundland and Labrador, Canada. Rambler says it has drilled over 5,600 meters year to date in 2022. It is providing definition drilling in the lower footwall zone and is drill testing the recently discovered Jennings and LP East Zones. Additionally, further delineation drilling in the Ming North Zone has been completed from the 795L down to the 830L. Says the next phase of the drill programme will be to continue to infill the planned LFZ stopping blocks identified in the 2024 mining plan, and to delimit the newly discovered Jennings and LP East Zones. These newly discovered zones are open in all directions and require drill hole definition to be put into the mining plan, it adds.
Read more5 Apr 2022 20:45
TRADING UPDATES: Rambler ups production; SRT Marine anticipates loss
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