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Share Price: 0.20

Bid: 0.15

Ask: 0.25

Change: -0.025 (-11.11%)

Spread: 0.10 (66.667%)

Open: 0.225

High: 0.225

Low: 0.20

Prev. Close: 0.225

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IN BRIEF: Strategic Minerals half-year profit and revenue plunge

Thu, 28th Sep 2023 12:00

Strategic Minerals PLC - London-based mining company with projects in New Mexico, South Australia and the UK - Says pretax profit in the six months ended June 30 fell 78% to USD54,000 from USD248,000 a year prior, as revenue plunged to USD782,000 from USD1.3 million the year before. Notes a "significant drop" in sales at its Cobre project in New Mexico. Non-executive Chair Alan Broome says: "I look forward to further progressing our key strategic goals in 2023 and pushing onto a brighter 2024."

Current stock price: 0.15 pence, trading flat on Thursday

12-month change: down 50%

By Sabrina Penty, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

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IN BRIEF: Strategic Minerals Notes Strong Cobre Revenue

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Strategic Minerals upbeat on third quarter progress at Cobre

(Sharecast News) - Strategic Minerals updated the market on its third quarter on Monday, reporting "sustained solid" sales growth in the three months ended 30 September, with a 55% year-on-year rise in sales revenue at the Cobre, New Mexico magnetite operation.

6 Oct 2020 19:28

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IN BRIEF: Strategic Minerals half-year profit and revenue plunge

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