Less Ads, More Data, More Tools Register for FREE

Pin to quick picksRMM.L Share News (RMM)

  • There is currently no data for RMM

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Rambler reports production delays as workers test positive for Covid

Tue, 04th Jan 2022 15:41

(Alliance News) - Rambler Metals and Mining PLC said on Tuesday that shortages in the number of contract workers will delay production targets further into the first quarter of 2022.

The Surrey-based mining company said that a number of critical operators have had to isolate after positive PCR test results for Covid-19.

Rambler stated that the workers were due to fly-in to the Newfoundland mines in Canada, and as of yet, no mining sites had been affected by the virus outbreak.

The shortage of workers, who focus on mine development, will impact Rambler's target of sustaining 1,350 tonnes ore per day, and will delay production guidance further into the first quarter than had previously been announced in the fourth quarter of 2021.

Rambler has said it is looking at arrangements to mitigate the financial impact and will report to the market in due course.

Shares in Rambler Metals & Mining fell 10% to 36.33 pence on Tuesday afternoon in London.

By Elizabeth Winter; elizabethwinter@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
21 Jun 2010 14:01

Rambler gets lift from loonie strength

Losses widened in the three months to end-April at Rambler Metals and Mining but management still counted it as a productive quarter as it strives to move its Ming Copper Gold Project towards production. The company, which has no revenue other than bank deposit interest saw its net loss deepen to £

Read more
21 Jun 2010 08:13

Rambler Metals 3Q Net Loss GBP0.39M Vs Loss GBP0.27M

LONDON (Dow Jones)--Rambler Metals and Mining PLC (RMM.LN), a gold and copper mining company, Monday reported a third quarter net loss of GBP387,559, compared with a loss of GBP273,148 a year earlier. MAIN FACTS: -Loss per share for the quarter ended April 30 0.49 pence (2009: loss 0.46 penc

Read more
4 Mar 2010 15:12

Rambler rises on gold sale deal

Shares in Rambler Metals and Mining shot up Thursday after the company agreed to sell part of the life-of-mine gold output from its Ming Copper-Gold mine in Newfoundland to Canadian company Sandstorm Resources. Sandstorm has agreed to make phased upfront cash payments of US$20m to Rambler for the g

Read more
26 Jan 2010 08:08

Small caps round-up: Real Good Food, Griffin Mining, Probability...

Orders from big name customers such as Marks and Spencer's and Costa Coffee has been keeping ingredients and bakery products supplier The Real Good Food Company busy. The firm has reduced bank borrowings from £29.1m to £21.3m and improved its sales performance. Strong sales have also been aided by

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.