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TRADING UPDATES: Wheaton Precious 2021 production meets guidance

Mon, 07th Feb 2022 18:33

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

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Wheaton Precious Metals Corp - Vancouver-based investor in precious metal mining through royalty and streaming deals - Reports 2021 gold equivalent production of 750,220 ounces, in line with guidance due to strong performances from the Penasquito and Antamina, more than offsetting challenges at other mines. For 2022, expects production of 700,000 to 760,000 gold equivalent ounces.

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Mila Resources PLC - natural resources company - Team for the Kathleen Valley gold project in Australia have mobilised on site, with final preparations complete as the company prepares to restart drilling as part of the 13,500 metre programme. Drilling will focus on the Coffey Deposit, with results expected late in the first quarter of 2022.

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Cobra Resources PLC - Wudinna gold project in South Australia - Following 14-hole phase of reverse circulation drilling on the Clarke prospect, additional results show that further gold mineralisation has been intercepted within the northern drill transect, while additional rare earth elements have been intercepted above and proximal to gold interceptions.

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Brown Advisory US Smaller Cos PLC - investment trust formerly known as Jupiter US Smaller Cos - As at December 31, net asset value per share increases 0.9% to 1,530.47 pence from 1,516.34p at end of June. The increase compares to a 0.5% fall from the company's benchmark, the Russell 2000 total return index, which Brown Advisory attributes to stock selection, particularly in the Healthcare sector, as well as a positive return from Information Technology.

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Bezant Resources PLC- copper-gold exploration and development company - Following all-parties technical visit to review the Hope and Gorob project in Namibia, consensus to optimise project development has been met. Engineering consultant Practara Pty Ltd has made several recommendations aimed at including near-surface mineralisation into the Resource Model, while plant design consultants will work on high-level design referencing project throughput, ore types, scheduling and life of mine. The current 2,000m drill programme objectives are to be realigned with the mining licence application process.

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President Energy PLC - Leeds-based oil & gas company focused on Latin America - Well DP-2001 at the Dos Puntitas field within the Puesto Guardian concession in Argentina is now in production and flowing the first commercial oil. The well is currently cleaning up and producing 90% oil with little water. The second well, DP-2003 is being tested with results on-track to be announced by the end of week.

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Vaalco Energy Inc - Houston-based hydrocarbon exploration company - Etame 8H-ST well has been placed on production with a lateral of 162 meters in high quality Gamba sands, at an initial flow rate of 5,000 gross barrels of oil per day. For the fourth quarter of 2021, Vaalco expects revenue to reach USD57 million, and USD200 million for the year as a whole. Looking ahead, expects new production from its current drilling programme to help drive additional cash flow in 2022.

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Water Intelligence PLC - London-based leak detection services - For 2021, earnings before interest, tax, depreciation and amortisation rises 44% to USD9.5 million from USD6.6 million the year before, on revenue which grows 44% year-on-year to USD54.5 million from USD37.9 million, due to increased demand from the rising price of water, extreme weather conditions and upsales of new offerings.

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Tlou Energy Ltd - power company focused on sub-Saharan Africa - Notes that work at the Lesedi power project in Botswana is due to start on the transmission line and substations to connect the project to the electricity. In addition, Tlou has also received a 10 megawatts electricity generation licence from the Botswana Energy Regulatory Authority, which has a term of 15 years.

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EPE Special Opportunities Ltd - investment firm - As at January 31, net asset value per share is 455.66 pence, a 4.1% increase from 437.63p the same period a year before, driven by strong performances from investees Luceco PLC and The Rayware Group.

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SulNOx Group PLC - London-based supplier of fuel conditioners - Looking ahead, the company is pursuing an admission for SulNOx shares on the OTC Market in the US, which would provide instant access to US investors and help drive brand recognition. SulNOx is also seeking certification from several sources, including B-Corp and Lloyds Register.

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Premier African Minerals Ltd - southern Africa-focused miner - At the Zulu lithium and tantalum project, 6,000 meters have been drilled to date, with mineralisation and early results suggesting important on-strikes extensions to the main ore body. Also, the company signs a non-binding heads of terms agreement with an unnamed lithium manufacturer for a direct investment into the project.

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By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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Today 10:28

TRADING UPDATES: Develop North net asset value down amid rising rates

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

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8 Mar 2024 10:22

Tlou makes solid progress at Lesedi in first half

(Sharecast News) - Tlou Energy reported significant progress towards its goal of introducing gas-fired power into the Botswana grid later this year in its interim results on Friday.

Read more
8 Mar 2024 10:05

IN BRIEF: Tlou Energy income rises in first half; loss narrows

Tlou Energy Ltd - Botswana and Southern Africa-focused energy company - In the first half of the year ending June 30, interest income rises to AUD11,383, or GBP5,894 from AUD6,351 the year before. Pretax loss narrows to AUD1.8 million from AUD2.2 million a year ago. Managing Director Tony Gilby says: "The company has made excellent progress over recent months, and we are getting very close to first revenue. Having direct access to the power grid opens up our gas field to a huge market. It has taken hard work and significant investment over many years to get to this point, and we look forward to delivering power and earning first revenue for the company as soon as possible."

Read more
23 Feb 2024 11:24

Tlou makes progress at Lesedi power project

(Sharecast News) - Tlou Energy updated the market on the Lesedi project on Friday, reporting significant progress towards electricity generation.

Read more
23 Feb 2024 10:12

IN BRIEF: Tlou Energy makes progress on Lesedi power generation site

Tlou Energy Ltd on Friday - Botswana and Southern Africa-focused energy company - Says the Lesedi 4P and 6P production wells in Lesedi, South Africa, are continuing to flow gas. Says gas flow rates will be measured once the wells stabilise and stop surging. "Tlou is confident that with the in-house knowledge gained from recent drilling efforts, extracting more and more gas out of the coal reservoir will become progressively simpler and more cost effective due to economies of scale", it says. Adds that The 66 kilovolt electricity transmission line connecting its Lesedi power generation site to the power grid has been constructed and the line has been connected to the Serowe substation. Minor finishing works and the addition of switchgear at the Serowe substation will be done before the line is energised. Says this will happen as soon as the substation at Lesedi is complete, which is expected halfway through 2024. "The transmission line is a vital element of the Lesedi project. With the completion of the transmission line, the Lesedi project is no longer isolated from Botswana's electricity market and is now connected to the broader Southern African Power Pool", Tlou says.

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24 Jan 2024 20:16

EARNINGS AND TRADING: Nanoco receives proceeds from Samsung litigation

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

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8 Jan 2024 14:23

IN BRIEF: Tlou Energy pushes AUD13.3 million fundraise to January 31

Tlou Energy Ltd - Botswana and Southern Africa-focused energy company - Announces extension of closing date for entitlement offer to January 31 from January 12. In December, Tlou announced its intention to raise AUD13.3 million, around GBP7.0 million, through the offer of four new ordinary shares for every eleven ordinary shares held by ASX and BSE shareholders at a price of AUD0.035 each. Tlou says that the funds would be used to develop its Lesedi power project in Botswana and provide the company with working capital. Adds that the extension will allow "extra time for eligible shareholders to take up their entitlements".

Read more
15 Dec 2023 21:30

IN BRIEF: Tlou Energy in entitlement offer to raise AUD13.3 million

Tlou Energy Ltd - Botswana and Southern Africa-focused energy company - Announces entitlement offer for four new ordinary shares for every eleven ordinary shares held, at a price of AUD0.035 each to raise AUD13.3 million. Explains the offer is open to ASX and BSE shareholders only. Says certain directors are participating in the entitlement offer with commitments in place for a minimum of AUD613,308. Funds raised and existing capital will go towards development of Tlou's Lesedi power project and working capital.

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15 Dec 2023 15:58

UK shareholder meetings calendar - next 7 days

Monday 18 December 
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Braemar PLCAGM
Eqtec PLCEGM re capital reorganisation
Fandango HoldingsAGM
Grit Real Estate Income Group LtdAGM
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Nightcap PLCAGM
Surface Transforms PLCGM re fundraising
TechFinancials IncAGM
Tuesday 19 December 
dotdigital Group PLCAGM
easyJet PLCGM re buy of 157 A320neo family aircraft
Microsaic Systems PLCGM re fundraising
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
Thursday 21 December 
Beacon Energy PLCAGM
Beeks Financial Cloud Group PLCAGM
Coinsilium Group LtdAGM
Conroy Gold & Natural Resources PLCAGM
Gfinity PLCAGM
Helium Ventures PLCAGM
Karelian Diamond Resources PLCAGM
Kin & Carta PLCCourt and GM re takeover by Apax Partners LLP 
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Pathfinder Minerals PLCGM re proposed GBP1.3 million fundraise
ScS Group PLCGM re takeover by Cerezzola
VietNam Holding LtdAGM
VietNam Holding LtdEGM re introducing redemption facility
Friday 22 December 
Corcel PLCAGM
European Metals Holdings LtdAGM
Tlou Energy LtdGM re approval to issue convertible loan to ILC Investments Pty Ltd
Wildcat Petroleum PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved. 

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27 Nov 2023 10:53

IN BRIEF: Tlou Energy shares up amid first gas flow at Lesedi

Tlou Energy Ltd - Botswana and Southern Africa-focused energy company - Celebrates first gas flow from Lesedi 6 production pod in Botswana. The Lesedi power project is 100% owned by Tlou, and it is located around 100 kilometres from the existing power Botswana Power Corp grid. Connection will allow Tlou to sell power into the existing grid, as well as to the Southern African Power Pool.

Read more
24 Oct 2023 15:48

UK shareholder meetings calendar - next 7 days

Wednesday 25 October 
Arcontech Group PLCAGM
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Alumasc Group PLCAGM
Brooks Macdonald Group PLCAGM
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IMC ExplorationEGM re takeover of Karaberd
Made Tech Group PLCAGM
Mattioli Woods PLCAGM
Mid Wynd International Investment Trust PLCAGM
Novacyt SAAGM
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Tirupati Graphite PLCAGM
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Friday 27 October 
Anglesey Mining PLCAGM
Bens Creek Group PLCAGM
Dialight PLCGM re admission of shares
KCR Residential REIT PLCAGM
Monday 30 October 
Angus Energy PLCGM re Kemexon Conversion Shares
Tuesday 31 October 
Bowen Fintech PLCAGM
City of London Investment Trust PLCAGM
Crimson Tide PLCGM re share consolidation
Indus Gas LtdAGM
New Energy One Acquisition Corp PLCAGM
Newmark Security PLCAGM
Tlou Energy LtdAGM
Walls & Futures REIT PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
6 Oct 2023 10:15

AIM WINNERS & LOSERS: Quartix falls as downgrades 2023 expectations

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.

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6 Oct 2023 10:14

Tlou Energy raises money via placing shares to fund Lesedi project

(Alliance News) - Tlou Energy Ltd on Friday said it raised money via placing shares to fund the development of its Lesedi project in Botswana.

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29 Sep 2023 11:31

EARNINGS: Ariana Resources profit shrinks; Tekcapital swings to loss

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

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11 Sep 2023 11:56

Tlou reports progress at Lesedi production pods

(Sharecast News) - Tlou Energy announced the successful completion of drilling activities at its Lesedi 4 and 6 production pods on Monday, marking a significant step forward in its ongoing gas production efforts.

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