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Pin to quick picksSolGold Share News (SOLG)

Share Price Information for SolGold (SOLG)

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Share Price: 9.11
Bid: 8.95
Ask: 9.15
Change: 0.39 (4.47%)
Spread: 0.20 (2.235%)
Open: 9.00
High: 9.11
Low: 8.69
Prev. Close: 8.72
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UK TRADING UPDATE SUMMARY: Topps Tiles Sales Up As Lockdowns Ease

Thu, 13th Aug 2020 14:29

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

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Topps Tiles PLC - Leicester-based tile retailer - Average weekly sales in six weeks to August 8 up 13% annually to GBP4.4 million from GBP3.9 million. Improved from GBP3.3 million average in June, GBP1.3 million in May and GBP800,000 in April. Has stopped using furlough scheme and all stores open now.

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Portmeirion Group PLC - homewares manufacturer and distributor in Stoke-on-Trent - Acquires remaining 50% stake in Portmeirion Canada Inc from Royal Selangor Inc for CAD1.0 million, about GBP600,000.

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Myanmar Strategic Holdings Ltd - developer and operator of consumer businesses in Myanmar - Exchanges contracts with Civetta Capital Ltd to purchase 897,500 shares in Myanmar Investments International Ltd at USD0.68 each, USD610,305 in total. Consideration for minority stake will consist of USD457,725 cash payment and USD152,580 worth of Myanmar Strategic shares.

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Eckoh PLC - Hertfordshire-based payments technology firm - Secures six-year contract renewal from Capita PLC worth GBP4 million for provision of services for Transport for London's congestion charge.

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Smartspace Software PLC - office space management software and hospitality and ticketing platform - Completes sale of enterprise software business to Four Winds Interactive UK Ltd, receiving GBP4.6 million.

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Croma Security Solutions Group PLC - Hampshire-based security services provider - Reinstates 0.75 pence per share interim dividend as Covid-19 hurt was "light". Won contract with Savills PLC to manage security at Edinburgh St James centre, a development scheme in heart of the Scottish city.

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Castings PLC - west Midlands-based iron caster - Sees "steady" increase in demand in key truck sector to around 60% of pre-Covid-19 output levels. Sees demand returning to 85% soon and majority of workforce returned from furlough.

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Directa Plus PLC - London-based producer and supplier of graphene nanoplatelets based products - Reports its graphene enhanced face mask, Co-mask, has been confirmed to have "strong" anti-viral capabilities.

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Immunodiagnostic Systems Holdings PLC - Tyne & Wear-based diagnostic testing kits and instruments maker - SARS-CoV-2 IgM test kit receives regulatory CE mark and is now expected to be available for sale in UK, Europe and other countries which accept CE mark.

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Yourgene Health PLC - Manchester-based molecular diagnostics group - Has its prenatal test IONA Nx NIPT workflow approved by Australia's Therapeutics Goods Association as a medical device Class 3. Means Australian distributor Southern Cross Diagnostics can begin sales.

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Litigation Capital Management - specialist asset manager and provider of disputes financing - Establishes disputes finance facility with "leading global law firm" DLA Piper.

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Deltic Energy PLC - London-based oil & gas exploration investor - Notes Royal Dutch Shell PLC, operator of Licence P2252 in North Sea, has delivered and processed seismic data from Pensacola Zechstein Reef prospect. Deltic and Shell to now work on interpreting data in view of well commitment becoming firm on December 1.

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Metal Tiger PLC - natural resources investor - Signs commitment to invest AUD500,000, about GBP273.678, in Pan Asia Metals Ltd's initial public offering in Sydney. Metal Tiger's interest in Pan Asia to increase to 7.5% from 7.3%.

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Armadale Capital PLC - Africa-focused natural resources investor - Begins testing of natural flake graphite from its Mahenge graphite project for battery applications. Testing being done alongside Australia's Commonwealth Scientific & Industrial Research Organisation.

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Caledonia Mining Corp PLC - Jersey-based gold producer - Second quarter revenue rises 39% annually to USD22.9 million from USD16.5 million. Gold produced during quarter to June 30 rose 6.2% to 13,499 ounces from 12,712 ounces.

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Condor Gold PLC - Nicaragua-focused gold explorer - Making "significant progress" in meeting terms of environmental permit for La India open pit development. Has now acquired 85% of land in La India site infrastructure.

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Beowulf Mining PLC - Nordic-focused mineral exploration and development company - Secures loan financing from Sweden of SEK12 million, about GBP1.0 million. Funds to be used to restart exploration work in Kosovo.

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Bahamas Petroleum Co PLC - Caribbean and Atlantic margin focused oil and gas company - Expects 2P reserves of one million barrels, targets 10 million barrels by end of 2021, 50 million barrels by end of 2025. Producing assets in Trinidad & Tobago currently have output between 400 and 450 barrels of oil per day, targets 2,500 barrels by end of 2021.

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KEFI Minerals - gold and copper explorer with projects in Ethiopia and Saudi Arabia - Forecasts Tulu Kapi gold production at 140,000 ounces annually at all-in sustaining costs of USD800 to USD900 per ounce over initial seven years of mining. Notes potential for underground mine, adding 50,000 ounces in annual output.

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SolGold PLC - Australian gold miner - Drilling underway at La Hueca gold and copper project in Ecuador. Regional exploration programme fully-funded to 2022.

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Cobra Resources PLC - owner of Wudinna gold project, Australia - Raises GBP1.5 million in placing of zero coupon convertible loan notes, with warrants attached, exercisable at 2.3 pence each. Funds to be used to progress drilling at Wudinna.

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Xtract Resources PLC - miner based in London - Initial planning for drilling at Bushranger copper-gold exploration project in Australia under way. Plans to drill nine holes. All shareholders of ProspectOre Ltd agree to exchange their shares for Xtract shares. Takeover still needs Australian regulatory consent.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
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:

Read more
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.

Read more
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:

Read more
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.

Read more
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:

Read more
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.

Read more
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.

Read more
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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