Bacanora Lithium (BCN LN) – Bacanora grants extension to Ganfeng offer
Cora Gold (CORA LN) – £3.1m placing
Kavango Resources (KAV LN) – Copper-silver targets identified on KCB licenses
Nordgold – Expecting to list in London capitalising on strong gold price environment.
OreCorp (ORR AU) – The cabinet approves Nyanzaga SML
Premier African Minerals* (PREM LN) – £1m placing to fund Zulu feasibility study
Pan African Resources (PAF LN) – Renewal of Barberton's Mining Licence
Companies: BCN CORA KAV PAF PREM TYM ORR
The UK market showed a continued recovery in the first quarter albeit the indices are still well short of their all-time peaks, unlike many of their international peers. The FTSE 100 has risen by 1,186 points (21.4%) since the end of October and the FTSE 250 by 4,304 points (25.0%). The comparable performance since the start of the year is less spectacular- the FTSE 100 has risen by 253 points (3.9%) and the FTSE 250 has risen by 1,070 points (5.0%). The factors behind the sustained rally are fa
Companies: AMYT ARBB CEG BAG BVC BEG BONH BLVN BRSD CML CWK CRPR EYE ECHO FDM FAR FA/ GPH GSF HUW INSE JDG KAPE KP2 MACF MPAC MNZS NESF NBI OTMP OBD PREM QFI RUA SCS SEN SOS SUR TON TOU TXP TGL TCN UEM VLS WYN
AEX Gold Inc (AEXG LN) – Gold mineralised structure extends to depth at Nalunaq in Greenland | Alba Mineral Resources (ALBA LN) – Progress at Clogau not affected by Covid-19 | Anglo Asian Mining* (AAZ LN) - BUY –Earnings update Antofagasta (ANTO LN) – Q3 report highlights 4.6% output drop | Atalaya Mining (ATYM LN) – Acquisition of 66mt VMS deposit 28km from Proyecto Riotinto | Centamin (CEY LN) – Quarterly production update and revised FY20/21 guidance | Petra Diamonds (PDL LN) – Tender process
Companies: AEX ALBA AAZ ATYM CEY PDL PREM SOLG
Companies: AMC AAZ BEM BZT KOD POG PREM ATYM
Adriatic Metals* (ADT1 LN) – Q2 Activities report | Ariana Resources* (AAU LN) – Salinbas resource increase to 1.5moz | Beowulf Mining* (BEM LN) – Results highlight frustration with Swedish government but progress at Vadar and Fennoscandian | Empire Metals (EEE LN) –- Mkt cap £4.5m – Interim results | Gem Diamonds (GEMD LN) – H1 2020 diamond sales | IronRidge Resources (IRR LN) – Further drilling results from Zaranou gold project in Ivory coast | Premier African Minerals* (PREM LN) – Conversion
Companies: ADT AAU BEM EEE GEMD IRR PREM
Base Resources (BSE LN) – Mineral resource constrained pending agreement to extend mining with Kenya ministry | Cora Gold* (CORA LN) BUY – Target 17.2p – New gold zone discovered at Sanankoro | Panther Metals (PALM LN) – Expanding exploration licence holding north of Hemlo | Pensana Rare Earths (PRE LN) – Paradigm Project Management appointed to lead Longonjo NdPr project in
Angola | Petropavlovsk (POG LN) – Requisitioned General Meeting set for 10 August | Premier African Minerals* (PREM LN)
Companies: BSE CORA PALM POG PREM SAV TYM
Amur Minerals* (AMC LN) – Response to price movement | Anglo Asian Mining* (AAZ LN) BUY – 209 (from 187p) – 14.3koz produced in Q2/20 with FY20 target of 75-80koz GEO reiterated | Atalaya Mining (ATYM LN) – Q2 delivers new production record | Beowulf Mining* (BEM LN) – Beowulf postpone drilling on Kallak super-high grade iron ore deposit till the Autumn | Bezant Resources (BZT LN) – Hope copper/gold project, Namibia | Cardinal Resources (CDV AU) – Nordgold ups its offer to A$0.66 | Kodal Mineral
Companies: AMC AAZ ATYM BEM BZT POG PREM
Research Tree provides access to ongoing research coverage, media content and regulatory news on Premier African Minerals Ltd..
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Companies: Sylvania Platinum Ltd.
Hargreaves’ FY21 results confirm a period of material profit growth and cash generation. It has been a transformational period, in which all direct coal related activities ceased, HRMS profits surged and net debt was eliminated. As expected, the first 12p additional dividend has been proposed (total FY21 DPS 19.2p) and we expect this to recur for a further three years, at least. As we wrote in our recent detailed note, Hargreaves has been wholly repositioned and now has genuine momentum. The sha
Companies: Hargreaves Services plc
Yet again, Rio managed to maintain its dividend extravagance. Although, besides mighty iron ore, the exceptional H1 results were partly also driven by aluminium and copper – where normalcy is gathering momentum. With key divisions moving in the right direction, and balance sheet flexibility being put to good use, i.e. rewarding shareholders and pursuing growth – this time via a greenfield lithium investment, Rio remains a promising large-cap mining play. Further re-rating may materialise if gove
Companies: Rio Tinto plc
i3 Energy announced that it has completed tie-in operations for its two recently drilled Marten Hills wells into the Clearwater Formation (each consisting of 8 horizontal laterals). The 01-12-075-26W4 and 02-12-075-26W4 wells penetrated 13,057m and 12,644m, respectively, of reservoir – both at maximum vertical depths of circa 630m. The wells are now on production and flowing back drilling fluid. This clean-up process is expected to take approximately three to four weeks. The company indicated th
Companies: i3 Energy Plc
ADX Energy (ADX AU) C: Target of A$0.040 per share: High impact newsflow in 2H21 - 2H21 will be very important for the company with significant upcoming newsflow. In our view, the most meaningful eventis the drilling of the Anshoff well in Austria. We were previously anticipating that the company would need a farm-in partner to fund the well. However, in the context of the current high oil price, >A$4 mm in cash at the end of June and
Companies: XOM XOM SOU NOG SEPL LUPE RDSA TETY TETY ADX CE1 DNO DNO ENI ENI EQNR EQNR GENL IHC OMV OMV PEN PEN PHAR REP REP SNM TTE
Wressel proppant squeeze completed
Companies: Union Jack Oil Plc
While the start of the buy-back programme was announced (but not its amount), the positive surprise comes from the dividend. While the dividend is still down by 50% vs pre-COVID-19, management made a good decision, as this level is sustainable and will get rewarded.
Companies: Royal Dutch Shell Plc Class A
Yesterday’s positive trading update confirmed that recent momentum at HRMS, Hargreaves’ German JV, has continued into the early months of the new year. It is already clear that FY’22 results will be materially ahead of previous expectations (66% PBT upgrade). Moreover, FY’21 results will be even better than anticipated (18% PBT upgrade), reflecting the current strength of commodity market conditions. Our new forecasts prudently assume that these conditions normalise during FY’22 with no lasting
Companies: Genel Energy PLC
• 2Q21 production was 8,825 bbl/d marginally above guidance.
• While the 3WD water disposal well has now been completed, one of the booster pumps is not fully operational, constraining water injection . This in turn has constrained current field oil production to~8,800 bbl/d. (Production from the recently drilled 7D well has naturally declined from 3.5 mbbl/d to 2.5 mbbl/d outperforming the company’s expectations). The booster pump is expected to be either repaired or replaced over the next
Companies: PetroTal Corp.
United Oil & Gas has provided a H1/21 operational and trading update ahead of a shareholder call at 12pm today. United continues to go from strength to strength with the Company announcing three positive well results at Abu Sennan in H1/21 – providing a material uplift to the Company's low-cost production base, whilst also demonstrating the material remaining potential within the Abu Sennan licence. United's H1/21 net working interest production averaged 2,730boepd, c14% above the Company's 2,40
Companies: United Oil & Gas Plc
Chaarat announced a strong 1H21 as Kapan produced 25,896 gold equivalent ounces - 13,466 oz gold, 272,635oz silver, 852t of copper and 3,170t of zinc. This resulted in mine level EBITDA of US$13.5m and Kapan’s debt has been reduced to US$24m (Jun). Management has reiterated FY21 guidance of 57koz AuEq.
The main YoY changes were an increase in third-party ore processed - 70kt versus 10kt, and a gold equivalent grade improvement of 12%. Consistent supplies of third-party ore are to be expected go
Companies: Chaarat Gold Holdings Ltd.
Altus Strategies* (ALS LN) - La Mancha launches La Mancha Fund, a Luxembourg based long only fund dedicated primarily to gold mining.
Ariana Resources (AAU LN) – Kiziltepe production guidance maintained
Castillo Copper (CCZ LN) – Quarterly report highlights the ‘Big One' prospect
Chaarat Gold (CGH LN) – Robust Kapan production in H1/21 with Tulkubash funding completion pushed to Q3/21
Glencore (GLEN LN) – Glencore to pay $9.85m to settle zinc rigging dispute
Jervois Mining (JRV AU) – Jervoi
Companies: SO4 ALS AAU CGH GLEN POW TYM CCZ JRV LYC
The group’s AGM statement highlights a strong rebound in activity during Q1, with improved market demand, helped by new customer and project wins. Indeed, it reports revenues up >50% year on year. Progress continues with Atlas, with Spain and Holland now live. The previously flagged supply chain constraints and price pressures continue but are being mitigated by price rises. No change to forecast expectations are signalled. The shares have moderately underperformed in the quarter and offer good
Companies: Trifast plc
South Harz Potash is expected to start drilling its first of two planned confirmation holes at Ohmgebirge in Q4/CY21. The Company has submitted supplementary detailed information to regional mining authorities to support the final step in the permitting process.
As a result of the delays experienced in procuring landowner and tenant approved drill sites and the competition for drill rig availability, South Harz Potash now expects drilling of the second confirmatory twin hole in Q1/CY22. The tw
Companies: South Harz Potash Ltd