Hummingbird Resources plc recorded more than a three-fold increase in losses while gold pour fell following issues with its mining contractor at the Yanfolila mine in Mali. FINANCES Full year results for 2022 showed revenue decreased to US$150.5 million (2021: $162.7m) while losses rose to £39.9m (2021: £12.7m). The company sold less gold at 80,445 […]
Day: 23 December 2024
Clontarf mulls further financing as losses near £4.8m
Clontarf Energy plc said it was considering further financing for its activities as the company’s losses reached £4.8 million from its oil and gas and more recent lithium interests. FINANCES The group has a 60% working interest in the Tano block in Ghana, a memorandum on the Chad Basin, and in 2023 signed a joint […]
Altona appoints Simon Charles as NED
Altona Rare Earths plc has appointed Simon Charles as an independent non-executive director, with immediate effect. Mr Charles is a solicitor and a senior partner at City solicitors Marriott Harrison LLP, having joined the firm in 2004. He specialises in company law, with an emphasis on acquisitions and disposals, directors’ duties, equity and debt fundraises […]
Altona starts trading on main market of LSE
Altona Rare Earths plc today began trading on the main market of the London Stock Exchange. PROGRAMMES On admission, the company will have 82,403,199 ordinary shares in issue. Chief executive officer Cedric Simonet said that the move would significantly contribute to unlocking value in Altona’s flagship asset, Monte Muambe, and its strategy of becoming a rare earth […]
Hummingbird pours early first gold at Kouroussa
Hummingbird Resources plc poured first gold yesterday ahead of schedule at the Kouroussa gold mine in Guinea. PRODUCTION Kouroussa is a high-grade, low-cost mine and the company’s second operating gold asset, after Yanfolila in Mali, in West Africa. The company aims to increase operations at Kouroussa to commercial production during the second half of 2023. […]