Greenland mining

Unloved…Unknown…But Excellent? Greenland’s extraordinary potential for critical raw materials mining was again recognized in 2023, this time by the Centre for Minerals and Materials (MiMa, report published in June 2023). Greenland's stated aim is to attract greater (and sustainable) exploration and ultimately mining interest in Greenland’s estimated 400k km2 ice-free land blocks. Greenland's mineral potential is considered…vast.

SP Angel Morning View: Gold prices slump as US inflation rises beyond expectations

SP Angel Morning View: Gold powers through $2,100/oz on outlook for Fed rate cuts

SP Angel Morning View: Gold soars as US Treasuries rip higher off October lows on Fed pivot bet

Ango Asian Mining* (AAZ LN) - FLASH NOTE - Gedabek is ready to restart with Demirli to upgrade growth profile

Oriole Resources* (ORR LN) – FLASH NOTE – Abundant gold in Mbe trenching

Oriole Resources is an AIM-quoted gold exploration company holding an expansive suite of prospective gold licences across West and Central Africa, with a particular focus in Cameroon, a deeply under-explored and recently reformed mining jurisdiction. The Company provided an update for its 80% owned Mbe gold project in Cameroon, where Oriole is free-carried as BCM International earns up to 50% of the project.

PANMURE LIBERUM: Commodity redEYE: Peak conviction, instantly restored

Jubilee Metals (JLP LN) - Audited results for FY24 (June)

Jubilee today announces its audited results for FY24 which ended in June. Revenues rose to $205.4m from $170.9m in FY2023 (Zeus estimate was $208.8m). Group EBITDA fell to $27.7m from $29.8m (Zeus $26.6m) with eps falling from 0.58c/sh to 0.21c/sh (0.3c/sh). Capex fell to $36.9m from $65.9m with gross cash at the end of the period at $19.3m from $15.9m at the end of June 2023. Chrome is now poised to take on more of a roll in operating cash flow and profits as the Thule plants are brought on str

Record Q3

Allied Gold: $192.2m fund raising to support Kurmuk development and Sadiola expansion

Allied Gold (“Allied”) has announced a fully underwritten equity raise of C$192.2m through the issue of 62m shares at a price of C$3.10/share, excluding a 15% greenshoe option granted to the Underwriters. Closing is expected to occur on or about 8 October. The funds will be principally used to fund the development of the Kurmuk mine in Ethiopia and phased expansion of Sadiola in Mali, which should drive a doubling of production between 2023 and 2029 to almost 730koz, with a 40% decline in AISC t

Hybridan Small Cap Feast - 4 October 2024

Dish of the day Admissions: None Delistings: None What’s baking in the oven? ITF announced:*** Potential** Initial Public Offerings: 30th September 2024: Applied Nutrition, the sports nutrition, health and wellness brand announced that it is considering an £500m IPO onto the LSE Main Market. Across the four ranges, the Group sells approximately 100 different products, with flavour and format combinations across those products resulting in over 500 stock keeping units. July 2024 YE numbers report

Amelio Energy acquisition

Morning Note – 30 September 2024

SP Angel Morning View: Chinese shut additional high-cost lithium mines in Zimbabwe

PANMURE LIBERUM: Good Energy: Another Energy Services acquisition

Oil & Gas - Cavendish sector note

Chariot, Jersey Oil & Gas, 88 Energy, Hartshead Resources, Capricorn Energy, Pharos Energy, Star Energy, Petro Matad, Prospex Energy, Sound Energy, Nostra Terra Oil & Gas, i3 Energy, Jadestone Energy Source: FactSet, weekly change 16/09/2024-20/09/2024 Oil closed little changed after a day of choppy trading as tensions in the Middle East ratcheted higher while the boost from Federal Reserve’s steep interest-rate cut faded. West Texas Intermediate settled below $72 a barrel while Brent settled ab

Zeus Industrials Round-Up - 13 September 2024

The UK industrial sector continues to show promising signs of recovery, with manufacturing PMI reaching a 26-month high of 52.5 in August as all survey indicators but one expanded. Economic data has also been encouraging, with UK pay growth cooling to a two-year low and inflation rising only slightly in July – supporting the case for further interest rate cuts this year by the BoE.

DEC Interim results

DEC reported interims that showed stable underlying production, resilient EBITDA margin and strong cash generation.

Market headwinds persisting