Hurricane Energy plc announced that production for the fourth quarter of 2020 was in line with expectations as the company continues to discuss with stakeholders options for the Lancaster field. TRADING AND OPERATIONS In its unaudited trading and operational report ahead of its results for year ended 31 December 2020, Hurricane’s revenue was $179 million […]
Tag: extractive industries
Cadence receives £25,000 via warrant exercise
Cadence Minerals plc announced it had received subscription monies of £25,500 following notices to exercise warrants for 300,000 new ordinary shares in the company at an exercise price of 8.5 pence per share.
United remains within guidance on production increase
United Oil & Gas has announced that production remained within guidance following an increase from its Abu Sennan interest, onshore Egypt. PRODUCTION The company holds a 22% working interest in the licence which is operated by Kuwait Energy Egypt. In its fourth quarter results for 2020, United reported its second half net working interest averaged […]
CAML output steady and debt reduced
Central Asia Metals plc (CAM) reduced company debt during 2020 and maintained steady production at its Kounrad copper recovery plant in Kazakhstan and Sasa zinc-lead mine in North Macedonia. The base metal company’s Q4 and 2020 full year results showed cash in the bank on 31 December 2020 was reported at $47.9 million and gross debt as at […]
Anglesey PEA increases Parys mineable tonnage
Anglesey Mining plc reported major increase in mineable tonnage at its precious and base metals deposits at Parys Mountain in North Wales. POTENTIAL A preliminary economic assessment (PEA) conducted by Micon International Ltd of copper-zinc-lead-gold-silver deposits showed a new estimate of 5.2m tonnes in the indicated category at a combined base metal grade of 4.3%. […]
WCM nears restart of deep coal mining in the UK
West Cumbria Mining (WCM) said it was delighted that the Government has lifted its holding direction on the company’s proposed deep coal mine near Whitehaven, off the coast of Cumbria. ESTIMATED RESOURCE Secretary of State Robert Jenrick MP has decided not call in the application for him to settle the matter and the plans will […]