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Pin to quick picksSolGold Share News (SOLG)

Share Price Information for SolGold (SOLG)

London Stock Exchange
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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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UK TRADING UPDATE SUMMARY: N Brown Financial Services Revenue Falling

Wed, 30th Sep 2020 15:12

(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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N Brown Group PLC - UK fashion retailer - For the six months ended August 19, revenue fell by 18% year-on-year, with 22% drop in first quarter moderating to 13% in second. Product revenue down 21% in half, having been down 29% in first quarter and 12% in second. Says apparel sales recovering and demand for Home & Gift increasing, supported by the launch of Home Essentials brand on April 1. Going in the wrong direction is Financial Services revenue, down 12% in the half, with an 8.3% decline in the first quarter accelerating to 16% in the second. Regulatory changes and a smaller debtor book led to lower revenue from Financial Services. N Brown's net debt is GBP411.1 million on August 29, down from GBP497.0 million on February 29. Gross debtor book stable at GBP632.1 million at the end of August from GBP656.9 million at the end of February.

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Topps Tiles PLC - Leicester-based tile retailer - For year ended September 26, expects revenue down 12% at GBP192 million from GBP219 million the year before, while retail like-for-like revenue will be down 13%. Expects to generate a modest level of adjusted pretax profit. For fourth quarter of financial year, retail like-for-like sales grew by 17%.

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Studio Retail Group PLC - Accrington, Lancashire-based online shopping - Expects adjusted pretax profit from continuing operations for 2021 financial year to be ahead of group expectations. Product sales for first 26 weeks of current financial year grew by 39%, as active customer base rises by 15%, standing at 2.1 million customers. Anticipates peak trading period of third quarter which covers Black Friday and Christmas.

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Altitude Group PLC - personalised products marketplace operator - Delays results for 15 months to end of March to end of October, due to pandemic's effect on audit process. Revenue expected to be no less than GBP8.0 million. Cash position as at August 31 was GBP1.6 million. For the June quarter, market transactional volume was down 44%, and was down 26% in August.

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AdEPT Technology Group PLC - information technology services - Cash collection improving since start of April, demonstrating that in the six months to end of September the company is "weathering the storm". Despite expecting encouraging interim results, does not anticipate declaring an interim dividend.

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AFH Financial Group PLC - financial investment management firm - For the year to the end of October, expects earnings before interest, tax, depreciation and amortisation and revenue to be ahead of GBP17.2 million and GBP74.3 million respectively from the year before. However, Ebitda is set to be slightly below management expectations.

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Barkby Group PLC - Abingdon-headquartered company with businesses in real estate, consumer & hospitality and life sciences - Agrees with Turf to Table Ltd to amendment of deferred payment for pub acquisitions agreed to in 2018. Barkby will pay GBP115,000 in lieu of balance of existing consideration of GBP150,000. GBP60,000 of the outstanding GBP115,000 to be satisfied by issue of 260,869 shares at a price of 23p each.

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Pressure Technologies PLC - Sheffield-based specialist engineering - Chesterfield Special Cylinders division secures a GBP3 million contract to supply nitrogen storage services to EDF Energy for several UK nuclear power plants. However, in relation to contract signed with FTSE 100-listed BAE Systems PLC back in June for the supply of cylinders to the UK's Dreadnought class submarine programme, delayed order placement and compressed delivery schedule set to result to deferral of revenue and profit from contract to first quarter of 2021 financial year. Pressure Technologies expects to report loss-making performance for current financial year.

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Tertiary Minerals PLC - Nevada-focused mineral exploration and development company - Completes trenching programme at Peg Leg Copper-silver-lead-zinc project. Completes drone photogrammetric survey at Paymaster zinc-silver project. Commissions soil sampling programme for Pyramid gold project and Mount Tobin silver project. However, at MB Flourspar project, metallurgical test work was unsuccessful, leading to termination of lease agreement following project review.

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Orosur Mining Inc - South American gold explorer and developer - Notes that Newmont Corp has signed joint venture agreement with Canadian gold miner Agnico Eagle Mines Ltd, in which both firms will advance Newmont's rights for the Anza project in Colombia, with Agnico as operator. Monte Aguila to provide initial funding of USD700,000 to restart exploration program.

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Chaarat Gold Holdings Ltd - London-based gold miner focused on Armenia and Kyrgyz Republic - Notes increased violence in Armenia with military action between it and Azerbaijan, though the impact on company's operations has been minimal to date.

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Bahamas Petroleum Co PLC - Caribbean and Atlantic margin focused oil and gas company - Expects Perseverance 1 well in the Bahamas to spud before Christmas and is targeting prospective resources of 0.7 to 1.4 billion barrels of oil.

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SolGold PLC - Australian gold and copper mining company - Had expected fast delivery of pre-feasibility study on the Alpala project in Ecuador for completion at the end of the third quarter of 2020; however due to Covid-19 restricting the access to the site, critical geotechnical data was not available on time, leading to the study being delayed. Geotechnical numerical modelling, mine design and metallurgy appraisal is being finalised.

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Katoro Gold PLC - Tanzania-focused gold and nickel explorer - Potential funders have started extensive due diligence on Blyvoor gold tailings project. Resource update and upgrade for project is expected to be completed by the end of October.

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By Dayo Laniyan; dayolaniyan@alliancenews.com"all the

Copyright 2020 Alliance News Limited. All Rights Reserved.

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19 Mar 2024 18:41

EARNINGS AND TRADING: UK Oil in Broadford blow; SolGold optimistic

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

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12 Mar 2024 14:06

SolGold notes pre-feasibility study technical report for Cascabel

(Alliance News) - SolGold PLC on Tuesday noted a pre-feasibility study technical report for the Cascabel project in Ecuador.

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6 Mar 2024 18:07

TRADING UPDATES: Audioboom extends partnerships; Ecora eyes growth

(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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4 Mar 2024 14:13

EARNINGS AND TRADING: Macau NAV falls; SolGold inks Cascabel deal

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

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16 Feb 2024 10:20

SolGold rises amid completion of Cascabel pre-feasibility study

(Alliance News) - SolGold PLC on Friday said it has successfully completed a new pre-feasibility study at its Cascabel project, noting a significantly reduced initial capital cost.

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15 Feb 2024 12:41

IN BRIEF: SolGold shares plunge as interim loss widens on higher costs

SolGold PLC - Ecuador-focused copper and gold exploration company - Says pretax loss widens to USD21.9 million in the six months to December 30 from USD17.6 million the year before. This was partly due to finance costs rising to USD8.1 million from USD5.5 million the year prior. Sol Gold did not generate any revenue for the half-year, unchanged from a year ago.

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22 Jan 2024 13:33

IN BRIEF: SolGold says Cascabel pre-feasibility study nears completion

SolGold PLC - Ecuador-focused copper and gold exploration company - Says phased approach pre-feasibility study for its 100% owned Cascabel project located in northern Ecuador is nearing completion. Says it expects the phased approach to demonstrate a lower risk path for Cascabel, with several project optimisations expected compared to the 2022 Cascabel PFS, including lower capital costs. Also reports that its Ecuadorian exploration team has been active this month, making progress at the Blanca-Nieves project, which hosts the newly discovered La Florida target. Says exploration activities are expected to continue over the course of 2024, focusing on advancing new target areas and prospects for new discoveries. Blanca-Nieves is located 10 kilometres north of the Cascabel project.

Read more
13 Dec 2023 15:47

UK shareholder meetings calendar - next 7 days

Thursday 14 December 
Aeorema Communications PLCAGM
CleanTech Lithium PLCGM re equity raise approval
Driver Group PLCFull Year Results
eEnergy Group PLCAGM
Ethernity Networks LtdGM re authority to allot shares on non-preemptive basis
Fintech Asia LtdAGM
Helium One Global LtdAGM
Marwyn Value Investors LtdAGM
Quarto Group IncGM re cancelling trading on London's Main Market
Sareum Holdings PLCAGM
Friday 15 December 
Abingdon Health PLCAGM
Aptamer Group PLCAGM
Bellway PLCAGM
CQS Natural Resources Growth & Income PLCAGM
DCI Advisors LtdAGM
Ethernity Networks LtdGM re subscription agreement
Frontier IP Group PLCAGM
Holders Technology PLCGM re AIM delisting, tender offer
Renalytix PLCAGM
Schroder Real Estate Investment Trust LtdEGM re proposed amendments to the investment policy
Tristel PLCAGM
Ultimate Products PLCAGM
Wentworth Resources PLCAGM
Monday 18 December 
Ascential PLCGM re proposed sale of digital commerce business
Braemar PLCAGM
Eqtec PLCEGM re capital reorganisation
Fandango HoldingsAGM
Grit Real Estate Income Group LtdAGM
LondonMetric Property PLCGM re revised directors' remuneration policy
Nightcap PLCAGM
Surface Transforms PLCGM re fundraising
TechFinancials IncAGM
Tuesday 19 December 
dotdigital Group PLCAGM
easyJet PLCGM re buy of 157 A320neo family aircraft
Netcall PLCAGM
Orosur Mining IncAGM
Technology Minerals PLCAGM
Zanaga Iron Ore Co LtdAGM
Wednesday 20 December 
AVI Global Trust PLCAGM
Lift Global Ventures PLCAGM
Northamber PLCAGM
RM Infrastructure Income PLCGM re managed wind-down
SolGold PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved. 

Read more
8 Dec 2023 14:24

IN BRIEF: SolGold identifies "promising" copper target at Espejo

SolGold PLC - Ecuador-focused copper and gold exploration company - Identifies a "promising" new porphyry copper-gold-molybdenum target at Anomaly 4 at the Espejo project. Chief Executive Officer

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5 Dec 2023 12:09

SolGold celebrates new gold discovery at Blanca Nieves project

(Alliance News) - SolGold PLC on Tuesday said recent exploration at its La Florida target has led to the discovery of visible gold.

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1 Dec 2023 14:29

TRADING UPDATES: N4 launches investor hub; Capricorn production falls

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

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17 Nov 2023 13:56

IN BRIEF: SolGold says "invaluable" chair to stand down at AGM

SolGold PLC - Ecuador-focused copper and gold exploration company - Chair Liam Twigger will not seek re-election at the forthcoming annual general meeting in December. Twigger became chair in August 2020 upon the resignation of predecessor Brian Moller. SolGold will commence its search for Twigger's replacement "immediately" and will provide updates "in due course". Company says Non-Executive Direcor James Clare will also step down at the AGM after five years in the role.

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25 Oct 2023 11:54

IN BRIEF: SolGold says talks over Cascabel project continue

SolGold PLC - London-based copper and gold explorer in Ecuador - Says strategic review is advancing following merger with Cornerstone Capital Resources Inc in February, through which it consolidated an 100% interest in the Cascabel copper-gold project in Ecuador. Adds that discussions with "highly credible groups" interested in its assets are ongoing. Says work plans for 2024 have been funded and no additional financing is required in the near-term, after raising USD86 million through an investment by Osisko Gold Royalties Ltd in 2022. Chief Executive Officer Scott Caldwell says he is "disappointed" by the company's current stock price as SolGold is "currently in the strongest position it has ever been". Its shares are down 41% over the past month.

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9 Oct 2023 17:22

IN BRIEF: SolGold chair and chief executive increase holdings

SolGold PLC - London-based copper and gold explorer in Ecuador - Chief Executive Scott Caldwell buys 790,000 shares at prices from CAD0.18 to CAD0.21 per share on Friday, worth CAD157,243. Caldwell now holds 19.4 million shares in SolGold, around 0.65% of its issued share capital.

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29 Sep 2023 10:46

SolGold swings to loss; needs extra funding to continue long-term

(Alliance News) - SolGold PLC on Friday said it swung to a considerable loss in its latest financial year, mainly thanks to surging administrative expenses, and it said it will need additional funding to continue operations.

Read more

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