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Share Price Information for SolGold (SOLG)

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Share Price: 9.25
Bid: 9.32
Ask: 9.36
Change: -0.01 (-0.11%)
Spread: 0.04 (0.429%)
Open: 9.29
High: 9.50
Low: 9.15
Prev. Close: 9.26
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TRADING UPDATES: Great Western notes good assays; Guild signs Villalba

Mon, 06th Dec 2021 19:18

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

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Great Western Mining Corp PLC - gold, silver and copper explorer and developer in US state of Nevada - Says 12 holes at OMCO intersect elevated gold grades with the tailings thicker than expected. Says a total of 67 individual assays were examined with average grades of 1.25 grams per tonne, in a range of 0.17 to 3.76 grams per tonne. "The independent assay results of this large volume of pre-mined material are far ahead of our expectations and an important milestone in establishing the basis for a commercial processing operation on a much larger scale than envisaged at Mineral Jackpot alone. We are carefully reviewing processing options, including contained cyanide leaching, and looking at the potential economies of creating a combined facility for the processing of OMCO tailings and the spoil material from the Mineral Jackpot claims. We will keep shareholders informed at every stage," Chair Brian Hall says.

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GCP Student Living PLC - London-focused student accommodation investor - Says Competition & Markets Authority has decided not to refer GCP's takeover by Gemini Jersey JV LP to a phase 2 investigation. GCP agreed to a GBP969 million takeover back in July from a consortium which includes student accommodation provider Scape Living and also iQSA Holdco. Scape is funded by funds managed by APG, an investor in GCP, and iQSA by funds advised by Blackstone. At the beginning of November, company said it expects acquisition to complete before 2021 end. iQSA Holdco Ltd noted the decision.

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Guild Esports PLC - London-based esports company - Signs Nicolas Villalba, or Nicolas99fc, as the newest member of its football game FIFA roster. "Nicolas, from Argentina, has ranked in the top 3 FIFA players worldwide since 2018 and is Argentina's second highest earner within esports, with USD290,000 in lifetime earnings to date. His most notable international major wins include the FIFA 19 PS4 Playoffs and the FIFA 19 eClub World Cup," company notes.

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Yew Grove REIT PLC - invests in Irish office and industrial properties outside Dublin's central business district - Quanta Capital Asset Management Ltd, in conjunction with investment manager Davy, confirms that Goldstein Property ICAV, a 4.2% shareholder in Yew Grove, does not intend to make an offer for Yew Grove. On Friday, Quanta confirmed it will not make an offer for Yew Grove, after expressing interest in late November. Earlier in November, Yew Grove accepted a EUR127.8 million cash takeover offer from Slate Office Ireland Investment Ltd, an indirect subsidiary of Slate Office REIT. Slate offered EUR1.017 per share, plus the 1.20 cents dividend declared by Yew Grove for the third quarter.

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Foresight Sustainable Forestry Co PLC - forestry investment trust, managed by private equity firm Foresight Group LLP - Notes completion of two acquisitions of substantial new afforestation opportunities in Scotland. Blackmead Forestry II Ltd, which the company has an option to acquire, has fully completed the purchase of two "substantial and ideally located" afforestation opportunities in Dumfries and Galloway. "The acquisition of these sites cements two more substantial afforestation opportunities within our target seed portfolio that will both drive attractive risk-adjusted returns for investors, whilst also directly contributing to the fight against the twin threats of climate change and biodiversity loss," company says.

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Redx Pharma PLC - Cheshire-based cancer and fibrosis drug developer - Announces strategic partnership with molecular science and technology company Texas-based Caris Life Sciences to hasten phase 2 study recruitment in the US. "The partnership will leverage Caris' comprehensive whole transcriptome sequencing and whole exome sequencing platform assay, real-world data and its right-in-time clinical trial solutions to enhance the speed of US accruals for Redx's Phase 2 trial for the investigational Porcupine inhibitor, RXC004, in genetically-selected patients with Wnt-ligand dependent microsatellite stable metastatic colorectal cancer," company says.

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Poolbeg Pharma PLC - London-based clinical stage infectious disease pharmaceutical company - Inks option agreement with University College Dublin for a melioidosis vaccine candidate, MelioVac, and a licence to evaluate five other infectious disease portfolio assets. "The company will continue its due diligence on MelioVac, a preclinical asset and recipient of a Wellcome Trust award to aid its development, as well as five of other potential vaccine candidates discovered by Associate Professor McClean and her team, for the duration of the option agreement, prior to signing a licence agreement," company says. Associate Professor Siobhan McClean is the inventor of MelioVac. Says it has identified melioidosis as an infectious disease of interest due to its rising incidence around the world and because there is currently no approved vaccine available. "Concerns are growing about global warming contributing to the spread of the disease to traditionally non-tropical areas," it says.

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Journeo PLC - Ashby-de-la-Zouch, England-based information systems and transport technical services firm - Nets a public transport information systems contract for the supply of its displays technology and software in North Wales. Contract is worth GBP800,000. "The breadth of display technologies, stretching from ultra-low power ePaper displays suitable for rural locations where authorities cannot deliver power to the display location, to full-colour LED displays suitable for high-traffic transport corridors, will be managed using the company's content management software," company says.

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Distribution Finance Capital Holdings PLC - Manchester-based bank providing personal savings products - Expects full year financial performance to be in line with the board's expectations. Expects its loan book to close the year in the range of GBP250 million to GBP275 million. Loan book is at GBP243 million at November 30, up from GBP202 million at end-September, and more than doubling since the start of the year. Expects to announce its full year end trading update during the middle of January 2022.

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Beowulf Mining PLC - developing Kallak iron ore project and the Aitolampi natural flake graphite project - Says Finnish subsidiary Grafintec Oy signs joint venture with Epsilon Advanced Materials Private Ltd, a subsidiary of India-based manufacturer of coal tar derivatives Epsilon Carbon Private Ltd. JV is for the establishment of an anode materials production facility to be located in Finland. The JV will supply battery and cell manufacturing companies in Europe, complementing Epsilon Advanced Materials' growing anode materials business in India. Grafintec will own 49% of the JV.

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Okyo Pharma Ltd - London-based biotechnology firm focused on dry eye diseases and chronic pain - Expects to file IND in the third quarter of next year for OK-101 in the treatment of dry eye disease. OK-101 is the company's lead pre-clinical compound and a novel long-acting, G protein-coupled receptor-based anti-inflammatory drug candidate. OK-101 is anticipated to start human studies with a Phase 2 clinical trial in DED patients in the fourth quarter of 2022. The trial is anticipated to be conducted in approximately 100 to 200 DED patients. "Based on the anti-inflammatory response seen in pre-clinical models, this novel mechanism of action may prove to be a breakthrough treatment for the over 700 million DED patients globally," company says.

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SolGold PLC - Brisbane, Australia-based developer of copper-gold deposits in Ecuador - Says drill holes 14 to 22 at Cacharposa intersect mineralisation in Ecuador at the Porvenir held by subsidiary Green Rock Resources SA. Says work is advancing on a maiden mineral resource estimate for the Cacharposa deposit that is expected later this month. Drilling is ongoing with three drill rigs on site testing mineralisation. "Results from Cacharposa continue to improve with Hole 19 representing one of the best intersections to date at the Porvenir project. Mineralisation in this hole commenced from surface and attests to the economic potential of this project. Cacharposa continues to grow and with numerous other nearby mineralised targets identified, we believe the Porvenir project has the potential to become a Tier 1 copper - gold porphyry camp," says Head of Exploration Jason Ward.

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By Greg Roxburgh; gregroxburgh@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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23 Nov 2022 14:50

IN BRIEF: SolGold to raise USD36 million via investments

SolGold PLC - Brisbane, Australia-based developer of copper-gold deposits in Ecuador - Says Jiangxi Copper Investment Company Ltd and other investors have agreed to buy 180 million shares at USD0.20 cents per share. Specifically, Jiangxi, a China-based firm that principally engages in the mining, smelting and processing of copper, will buy 155 million of shares. Jiangxi will have a 6.3% ‎stake in SolGold. Says all the shares are expected to raise USD36.0 million from the investors.

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22 Nov 2022 11:17

SolGold looks towards strategic review after appointing interim CEO

(Alliance News) - SolGold PLC on Tuesday said it is looking to maximise shareholder value through a USD50 million investment, a merger, and a "top priority" strategic review.

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10 Nov 2022 14:24

IN BRIEF: SolGold says CEO Cuzzubbo leaves with immediate effect

SolGold PLC - Brisbane, Australia-based developer of copper-gold deposits in Ecuador - Says Managing Director and Chief Executive Officer Darryl Cuzzubbo has left the company and the board, effective November 10. SolGold appoints non-executive director Scott Caldwell as interim CEO until a permanent replacement is appointed.

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25 Oct 2022 10:17

SolGold appoints non-executive directors as part of Cornerstone merger

(Alliance News) - SolGold PLC on Tuesday said it has appointed Scott Caldwell and Dan Vujcic as non-executive directors on the company board, effective immediately, in accordance with the terms of its merger with Cornerstone Capital Resources Inc.

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7 Oct 2022 10:26

SolGold shares up on merger deal with Cornerstone Capital

(Alliance News) - SolGold on Friday said it has entered into a friendly merger with Toronto-listed Cornerstone Capital Resources Inc, whereby SolGold will buy all of Cornerstone's shares.

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7 Oct 2022 07:44

LONDON BRIEFING: Stocks to open lower ahead of US jobs data

(Alliance News) - Stocks in London were called lower on Friday ahead of key US jobs data, and after further hawkish cues from the US Federal Reserve.

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29 Sep 2022 11:50

SolGold turns to annual profit on remeasurement of liability

(Alliance News) - SolGold PLC on Thursday posted a profit due to the reassessment of a financial liability for the Alpala mine project in Ecuador.

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11 Aug 2022 10:54

SolGold overhauls management suite as Cascabel focus ramps up

(Alliance News) - SolGold PLC on Thursday said Chief Financial Officer Ayten Saridas, Non-Executive Director Keith Marshall and Head of Exploration Jason Ward plan to step down.

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28 Jul 2022 15:22

TRADING UPDATES: CVS says "well-placed"; Ceres Power revenue falls

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

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13 May 2022 14:32

SolGold's Ecuador director resigns; loss widens

(Alliance News) - SolGold PLC on Friday reported a widened quarterly loss and said its head of Ecuador has resigned with immediate effect.

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11 May 2022 16:53

SolGold appoints new permanent CFO after year-and-a-half gap

(Alliance News) - Shares in SolGold PLC rose on Wednesday after appointing Ayten Saridas as its new chief financial officer.

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20 Apr 2022 20:40

TRADING UPDATES: SolGold hails Cascabel; President Energy upbeat

(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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13 Apr 2022 18:47

TRADING UPDATES: BlueRock output rises; Watkin Jones profit to fall

(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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15 Feb 2022 22:16

TRADING UPDATES: Burford, Frenkel Topping expect contrasting results

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

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8 Dec 2021 15:13

UK shareholder meetings calendar - next 7 days

UK shareholder meetings calendar - next 7 days

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