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Pin to quick picksStrategic Minerals Share News (SML)

Share Price Information for Strategic Minerals (SML)

London Stock Exchange
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Share Price: 0.225
Bid: 0.20
Ask: 0.25
Change: -0.025 (-10.00%)
Spread: 0.05 (25.00%)
Open: 0.25
High: 0.25
Low: 0.225
Prev. Close: 0.25

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IN BRIEF: Strategic Minerals Notes Strong Cobre Revenue

Fri, 16th Oct 2020 06:59

Strategic Minerals PLC - mineral company - Says sales from Cobre stockpile for the quarter ended September 30, were at USD632,000 compared to USD756,000 a year prior. For the 12 months to end September, sales revenue was at USD3.7 million, up from USD2.4 million. Says despite the continued suspension of mining activities at the adjacent copper mine due to the Covid-19 pandemic, operations at Cobre continue to operate under protocols established to ensure contactless sales. Says Cash balance at June 30, was USD264,000, down from USD533,000 a year prior.

Managing Director John Peters said: "Sales at Cobre continue to show excellent annual growth providing the company the opportunity to repay outstanding liabilities and benefit from surplus cash generated from operations."

Current stock price: 0.38 pence

Year-to-date change: down 48%

By Greg Roxburgh; gregroxburgh@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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14 Jan 2020 15:04

Strategic Minerals reports fall in sales at Cobre ahead of arbitration

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14 Jan 2020 10:53

Strategic Minerals Hopes Cobre Arbitration Date Will Be Set Soon

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26 Nov 2019 14:31

Strategic Minerals Gets R&D Tax Rebate For Redmoor Exploration

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26 Nov 2019 08:31

Strategic Minerals pleased with latest R&D tax rebate

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22 Nov 2019 14:52

Strategic Minerals reports on de-risking progress at Leigh Creek

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22 Nov 2019 14:32

Strategic Minerals Still Awaiting Funding Deal For Leigh Creek Mine

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16 Oct 2019 11:44

Strategic Minerals Optimistic As Demand For Cobre Produce Improves

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8 Oct 2019 15:25

Strategic Minerals makes first payment to New Age Exploration early

(Sharecast News) - Battery minerals developer Strategic Minerals announced on Tuesday that the first quarterly payment of AUD 0.3m (£0.17m) has been made to New Age Exploration.

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2 Oct 2019 12:17

DIRECTOR DEALINGS: Strategic Minerals Director Peter Wale Buys Shares

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1 Oct 2019 15:47

Strategic Minerals Sinks To Loss On Charges And Revenue Pain

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23 Sep 2019 15:05

Strategic Minerals Starts Arbitration Proceedings Against Cobre Client

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6 Sep 2019 12:48

Strategic Minerals receives R&D reimbursement from Australian Tax Office

(Sharecast News) - Mining company Strategic Minerals received a AUD $296,594.33 payment from the Australian Taxation Office on Friday as part of a research and development reimbursement.

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6 Sep 2019 12:18

Strategic Minerals Granted Tax Refund From Australian Government

(Alliance News) - Strategic Minerals PLC on Friday said it has received a research and development reimbursement from the Australian government due to works conducted at a copper mine.The a

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25 Jul 2019 13:47

Strategic Minerals Settles Payment Structure For Redmoor Acquisition

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27 Jun 2019 14:34

Strategic Minerals Amends Redmoor Deal Amid Cash Flow Changes

(Alliance News) - Strategic Minerals PLC on Thursday said it has reached an agreement to amend the terms for buying the remaining 50% stake in the Redmoor tin and tungsten project in Cornwall, for

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