Vast Res Share News (VAST)

IN BRIEF: Vast Resources hails increase in gold output at Aprelevka

Vast Resources PLC - miner in Romania, Tajikistan and Zimbabwe - Reports higher gold production at Aprelevka gold mines in Tajikistan. Says gold production at the four Aprelevka mines for May rises to 1,059 ounces, up 32% from 805 ounces in April. It is also 14% higher than the 933 ounces of gold estimate the company expected to produce in May. The total average value according to the resource estimate is 5.58 grammes of gold per tonne and 17.25 grammes of silver per tonne.

IN BRIEF: Vast Resources puts Baita Plai into voluntary reorganisation

Vast Resources PLC - miner in Romania, Tajikistan and Zimbabwe - Following a dispute with the unions and certain members of the Baita Plai workforce in Romania, decides to enter Vast Baita Plai SA, the operator of the Baita Plai mine, into a period of voluntary reorganisation. This is to be effected by a court judged process under the insolvency act in Romania. Explains that the reorganisation gives BPSA the opportunity to dismiss, without significant cost, those employees who have been "abusing the system." Vast Resources says this is particularly in respect of taking of medical leave. Also notes certain employees were demanding a reduction in working hours of about 25% and an increase in paid holidays to almost twice that required under national regulations. Stresses the reorganisation affects in no way the ownership or running of the mine, should achieve new efficiencies in working practices, substantial cost savings, and is in the interests of the company and its shareholders as a whole.

LONDON MARKET CLOSE: Cooling US job market boosts rate cut hopes

(Alliance News) - Stock prices in London closed lower on Tuesday, with New York tracking down, amid some disappointing economic data from the US.

IN BRIEF: Vast Resources shares jump as copper, gold mining ramps up

Vast Resources PLC - miner in Romania, Tajikistan and Zimbabwe - Reports that 25,388 tonnes of ore was mined in the first quarter at Baita Plai mine, up 22% from 20,728 tonnes a year prior and 5.0% higher than 24,178 tonnes in the final quarter of 2023. The mine's copper concentrate grade was 20%, versus 23% a year previously but higher than 18% in the fourth quarter of 2023. Baita Plai is located in the Apuseni Mountains, Transylvania. Further, notes "pleasing progress" at the Aprelevka mine in Tajikistan, with gold production at 933 ounces in May, up 16% from 805 ounces in April.

AIM WINNERS & LOSERS: Vast Resources touts progress across mines

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

CORRECT (May 3): Vast Resources in talks for restructuring finance

(Clarifies that financing discussions are with an unnamed Swiss investment company.)

TRADING UPDATES: Braveheart writes down value of two investments

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

IN BRIEF: Vast Resources in advanced talks for restructuring finance

Vast Resources PLC - mining company with operations in Central Asia, Eastern Europe and Africa - On Monday, noted that debt due to A&T Investments SARL, known as Alpha, is about USD5.5 million, with USD1.5 million due next week Tuesday. A further USD1.5 million will be due to be repaid 60 days from the first repayment. Vast Resources is in advanced discussions with the owner of Swiss investment company Mercuria Energy Trading SA for the provision of major restructuring finance for Vast Resources, including debt owed to Alpha. Vast owes Mercuria around USD3.9 million, with Mercuria confirming a further extension.

IN BRIEF: Vast inks offtake deal with Trafigura for Baita Plai copper

Vast Resources PLC - Mining company with operations in Central Asia, Eastern Europe and Africa - Signs new exclusive offtake agreement with Trafigura Group Pte for copper concentrate produced at its Baita Plai mine in Transylvania. Trafigura is a Singapore-headquartered commodity trading company focused on base metals and energy commodities. The pair previously signed an offtake agreement for Vast's Takob mine in Tajikistan. The latest deal will be in place until June 2025. Vast says that copper concentrate production has been ramping up at Baita Plai, increasing 24% between the fourth quarter of 2022 and 2023, and that recent refurbishments will result in an improvement to the grade of concentrate produced at the mine.

Vast Resources inks new offtake deal with Trafigura

(Sharecast News) - Vast Resources announced a new exclusive offtake agreement with Trafigura Group on Wednesday, for all copper concentrate produced at the Baita Plai Polymetallic Mine in Romania.

EARNINGS AND TRADING: Frontier IP sells last of Exscientia holding

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

UK shareholder meetings calendar - next 7 days

Vast Resources hopes to repay debts with USD9 million share placing

(Alliance News) - Vast Resources PLC shares plunged on Wednesday, after it announced a general meeting to propose issuing new shares to potentially repay creditors.

Vast Resources reports slight fall in Baita Plai production

(Sharecast News) - Mining company Vast Resources released its fourth quarter production figures for the Baita Plai polymetallic mine in Romania on Wednesday, extracting 24,178 tonnes of material in the period, yielding 562 dry metric tonnes (DMT) of concentrate with a copper concentrate grade of 18%.

IN BRIEF: Vast Resources quarterly copper concentrate grade falls

Vast Resources PLC - mine development company with interests in Romania, Tajikistan and Zimbabwe -