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Pin to quick picksThor Energy Share News (THR)

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UK WINNERS & LOSERS SUMMARY: Centamin Loses 20% On 2021 Guidance

Wed, 21st Oct 2020 10:37

(Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Wednesday.

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FTSE 100 - LOSERS

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Fresnillo, down 4.4%. The gold and silver miner lowered its full-year gold guidance "marginally" as working restrictions due to the virus at the Herradura mine in Mexico hurt production. The Mexican company now expects annual gold production in the range of 745,000 to 775,000 ounces. Its previous guidance range was between 785,000 and 815,000 ounces. For the three months to September 30, gold output fell 6.3% quarter-on-quarter to 172,718 ounces from 184,356 due to the lower overall speed of recovery and ore grade at both Herradura and Noche Buena mines. Gold output fell 18% year-on-year from 209,752 ounces in the year ago quarter.

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FTSE 250 - LOSERS

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Centamin, down 20%. The gold miner reaffirmed its 2020 guidance but expects an output fall in 2021. During the third quarter, gold production fell 2% quarter-on-quarter to 128,240 ounces from 130,994 ounces. Gold sold in the quarter dropped 9% to 118,617 ounces from 130,745 ounces. It expects total 2020 output between 445,000 ounces to 455,000 ounces of gold produced but forecasts the 2021 figure to come in between 400,000 ounces to 430,000 ounces.

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OTHER MAIN MARKET AND AIM - WINNERS

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Thor Mining, up 31%. The exploration and development firm said it is "another step closer" to selecting drill targets at Ragged Range gold project, Australia. Thor reported "visible gold" along a 13 kilometre stretch in the project.

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Europa Oil & Gas, up 25%. The UK, Ireland and Morocco-focused oil and gas firm was given a one-year extension to Inezgane exploration permit by Moroccan regulators. The permit, which now runs to November 2022, was granted due to time lost as a result of Covid-19.

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Pipehawk, up 25%. The Hampshire-based provider of technology solutions to highways and rail industries said revenue in the year to June 30 jumped 24% to GBP8.3 million. Pretax profit surged to GBP194,000 from GBP12,000.

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ECO Animal Health Group, up 21%. The pet and livestock pharmaceuticals company said its revenue for the year to March 31 will exceed market expectations if current trends continue. ECO added that during the first half, revenue in China outperformed management expectations helped by the high price for pork.

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OTHER MAIN MARKET AND AIM - LOSERS

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Premier African Minerals, down 16%. The southern Africa-focused miner said it plans to raise GBP1.1 million through the placing of 2.75 billion shares at 0.04 pence each. "Premier intends to use the proceeds of the placing to assist with the funding to identify and secure high value exploration and/or cash generative assets," the company explained.

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D4T4 Solutions, down 13%. The data solutions provider said revenue in the six months ended September 30 fell 42% to GBP5.1 million from GBP8.8 million, though like adjusted profit, it came in in-line with internal expectations. D4T4 noted a "number of significant new contracts expected to close in the half" are still pending and now expected in the second half.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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22 Nov 2023 14:01

Thor Energy completes drilling programme at Wedding Bell project

(Alliance News) - Thor Energy PLC on Wednesday said that it has completed a reverse circulation drilling programme at its fully-owned Wedding Bell and Radium Mountain projects, which are located in the Uravan Mineral Belt in southwest Colorado.

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15 Nov 2023 11:41

IN BRIEF: Thor Energy shares surge on "significant" uranium find

Thor Energy PLC - US and Australia-focused mineral exploration company - Says drilling has revealed significant uranium mineralisation at its Wedding Bell and Radium Mountain projects in southwest Colorado. Reports up to 3,186 parts per million or 0.32% uranium at the Rim Rock mine along a strike of historic mined-out areas. Says 16 drillholes now complete at the Rim Rock and Section 23 prospects, with uranium mineralisation intercepted in all of them. Drilling will continue at Rim Rock before commencing at the Groundhog prospect. Thor Energy expects the drilling programme to conclude later this month.

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8 Nov 2023 14:12

IN BRIEF: Thor Energy says Investigator Resources starts Molyhil drill

Thor Energy PLC - London-based, US and Australia-focused mineral exploration company - Says Investigator Resources Ltd starts drilling at Molyhil tungsten project in northern Australia. Thor holds 100% stake in Molyhil. Last year, it executed an AUD8 million, or GBP4.2 million, farm-in and funding agreement with IVR to accelerate exploration at Molyhil.

Read more
7 Nov 2023 18:11

TRADING UPDATES: Actual Experience appoints administrators

(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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3 Nov 2023 14:48

Thor Energy ups stake in Alford East project to 80pc

(Sharecast News) - Thor Energy increased its stake in the Alford East Copper Oxide Project to 80% on Friday, following the completion of the stage two expenditure obligations.

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3 Nov 2023 10:45

IN BRIEF: Thor Energy increases stake in Alford East project to 80%

Thor Energy PLC - London-based, US and Australia-focused mineral exploration company - Increases Alford East copper oxide project interest to 80% from after acquiring a further 29% interest from Spencer Metals Pty Ltd. Says Spencer received consideration of AUD250,000, or GBP131,854, in the form of around 9.3 million fully paid Thor shares issued on Friday at AUD0.027 per share. Managing Director Nicole Gallaway says: "As exploration accelerates at our Alford East Copper-REE project in collaboration with Fleet Space Technology, Thor is excited to have completed its stage 2 earn-in resulting in an 80% interest in this highly prospective project. This demonstrates our confidence in the Alford East project and the value we believe it can bring to the company."

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18 Oct 2023 13:30

IN BRIEF: Thor Energy starts uranium drilling at Colorado projects

Thor Energy PLC - London-based, US and Australia-focused mineral exploration company - Announces commencement of drilling at its 100%-owned Wedding Bell and Radium Mountain projects. Both are located in the Uravan mineral belt in southwest Colorado. Thor says the 4,000 metre drilling programme will target uranium mineralisation along strike of the Rim Rock and Groundhog mines and focus on testing for airborne anomalies. Company will conduct downhole gamma surveys throughout the programme. Drilling is expected to take four to six weeks with completion in late November, with sample analysis results expected in December or January. Says current uranium spot price is USD73 per pound.

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3 Oct 2023 09:59

Thor Energy surveying underway at Alford East using Fleet Space tech

(Alliance News) - Thor Energy PLC on Tuesday said its mineral exploration partnership with Fleet Space Technologies Pty Ltd has started at the Alford East copper project in South Australia with surveying underway.

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29 Sep 2023 14:35

EARNINGS: Supply@Me loss narrows; notes strong pipeline

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

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20 Sep 2023 19:15

TRADING UPDATES: Thor Energy fundraise to support drilling activities

(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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18 Sep 2023 11:38

IN BRIEF: Thor Energy halts Sydney trades due to planned capital raise

Thor Energy PLC - London-based uranium and vanadium explorer - Says trading of its shares on the Australian Securities Exchange in Sydney has been halted, effective Monday. This is in accordance with ASX listing rules due to its plans to raise capital towards funding its exploration activities, particularly towards its "priority" uranium assets. Says the trading of shares on AIM in London is unaffected. The ASX trading halt will remain in place until the earlier of Wednesday or a further release by the company, Thor Energy says.

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13 Sep 2023 18:54

Thor Energy hails government approval for testing at copper project

(Alliance News) - Thor Energy PLC on Wednesday celebrated after the South Australian government approved the first stage of in-groundwork at Kapunda, the firm's in-situ recovery project.

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4 Sep 2023 11:55

Thor Energy partners with Fleet Space for mineral exploration

(Alliance News) - Thor Energy PLC on Monday said it will collaborate with Fleet Space Technologies Pty Ltd to carry out ambient noise tomography surveys at the Alford East Copper-REE project in southern Australia.

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17 Aug 2023 16:19

Thor gets needed approvals for new drilling programme

(Sharecast News) - Thor Energy announced on Thursday that it has secured all the necessary approvals for its upcoming drilling operations in the Wedding Bell and Radium Mountain projects.

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