Bens Creek Group PLC - London-based mining company focused in North America - Notes recent drop in share price, and confirms it knows "no specific reason" for the share price movement. "The company confirms that there has been no material developments since the update released by the company on June 27 2022," the firm says.
On Monday, Bens Creek said it expects to increase production capacity to up to 80,000 tons per month at its two highwall miners. It had noted the supply of a second highway miner from Mega Highwall Mining LLC will be completed next month, and it expects to receive a permit for the area to be mined using the second highwall miner during the month.
Current stock price: 46.30 pence, down 28% on Wednesday
12-month change: up from 10p at October IPO
By Elizabeth Winter; elizabethwinter@alliancenews.com
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Bens Creek (BEN)