TRADING UPDATES: Condor finishes drilling at La Mestiza open pit mine

Thu, 21st Oct 2021 14:45

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

----------

Condor Gold PLC - mine developer in Nicaragua - Completes 8,004 metres of infill drilling at the La Mestiza open pit mine in La India Project, Nicaragua. Drilling includes 96 diamond core drill holes. Says the La India project has an open pit mineral resource of 92,000 tonnes at 12.1 grams per tonne of gold. "The Mestiza vein set remains open down dip and along strike in both directions, has parallel veins identified by rock chip sampling and trenching and has the potential for further significant discovery," Condor adds.

----------

Gulf Marine Services PLC - Abu Dhabi-based provider of support vessels for offshore oil, gas and renewables industries - Wins new 12-month contract for E-class vessel with engineering, procurement, and construction client in the Middle East and North Africa. Says the contract begins at the end of December, following completion of the vessel's existing contract. Another client exercises a two-year option, committing an S Class Vessel for all of 2022 and 2023.

----------

Seneca Growth Capital VCT PLC - St. Helens, England-based investment firm - Net asset value per B share reaches 102.3 pence at October 15, up 11% from 91.8p at the end of 2020. An increase in the value of the B share pool's AIM-quoted investments causes this rise in NAV. Says this increase was offset by the impact of the ordinary running costs of the company.

----------

Altona Rare Earths PLC - mining exploration company - Agrees to acquire 51% stake in Chambe Rare Earths Project in Southern Malawi via a joint venture with Akatswiri Mineral Resources Ltd. Says the project is held under an exploration licence granted on September 9 and valid until September 6, 2024. The licence will be transferred to Akatswiri, who will run the project and receive 1 million Altona shares. Expects total cash expenditure of GBP200,000 for the purchase of Chambe.

----------

AEW UK REIT PLC - UK commercial property investor - Net assets total GBP174.3 million at September 30, up 2.7% from GBP169.7 million at June 30. NAV per share reaches 110.0p per share at September 30, compared to 107.11p at June 30. Reports receiving 89% of rent for the quarter beginning September 29. Sells Langthwaite Industrial Estate, South Kirkby for GBP10.8 million and Wella Warehouse, Basingstoke for GBP5.9 million. Declares interim dividend of 2.00 pence per share for the three months ended September 30. Says this is in line with the company's target annual dividend of 8.00p per share.

----------

Custodian REIT PLC - Leicester, England-based real estate investment trust - Buys industrial unit on the Clifton Moor Industrial estate in York for GBP2.96 million. Funds purchase with existing debt facilities. The unit covers 28,601 square feet, occupied by Menzies Distribution Ltd for annual passing rent of GBP186,000. This rent offers a net initial yield of 5.9%, the company says.

----------

Zambeef Products PLC - Zambia-focused cold chain foods and retail business - For the year ended September 30, expects adjusted pretax profit to be between 65% and 75% ahead of current market expectations, while revenue is set to be 10% to 12%, driven by sustained consumer demand for products despite rising costs, prices and a difficult operating environment.

----------

By Scarlett Butler; scarlettbutler@alliancenews.com