News Oil & Gas

Europa strong financial results driven by Wressle

Europa Oil & Gas (Holdings) plc said it had recorded its strongest interim results since H1 2014 with a four-fold increase in revenue driven by Wressle oil production and high prices. The company has oil and gas exploration, development and production interests in the UK, Morocco and Ireland FINANCES In its interim results for the […]

News Oil & Gas

Block looks at financing options following ‘robust’ Q1

Block Energy plc said it was looking at “non-dilutive financing options” to accelerate production at its gas and oil operations in Georgia. PRODUCTION The company included the news in its report for the three months ended 31 March 2022. Production was 46.1 Mboe (Q4 2020: 34.6 Mboe), comprising 32.1 Mbbls of oil (Q4: 24.9 Mbbls) and 14.0 Mboe of gas (Q4: 9.7 Mboe). […]

Metals & Minerals News

CAML copper plant unaffected by Kazakh unrest

Central Asia Metals plc reported no disruptions from recent unrest to its electro-winning copper recovery plant in Kounrad, Kazakhstan. FINANCES In its financial results for Q4 and full year 2021 for Kounrad and the Sasa zinc-lead mine in North Macedonia, the company said copper production was in line with expectations. Central Asia Metals held cash […]

Metals & Minerals News

Scotgold to extend Cononish mine life and aim for mid-tier status

Scotgold Resources Ltd recorded an increase in pre-tax losses but aims to develop Cononish mine into an 18-year operation and build a mid-tier mining company in Scotland. FINANCES In its results for the year ended 30 June 2021, the Australian-owned company recorded pre-tax losses of $4,980,942 (June 2020: $2,504,134) with revenue of £299,807. COMPELLING ECONOMICS […]

Metals & Minerals News

Tungsten West records £5m losses

Tungsten West plc said its recorded losses of nearly £5 million was in line with expectations for the current stage of the tin-tungsten project at Hemerdon Mine in Devon. FINANCES In its half-year results for the six months ended 30 September 2021, the company’s losses were £4,990,226 (2020: £3,631,500) with administrative expenses of £1,763,573 (2020: […]

Metals & Minerals News

Galantas increases Q1 2021 concentrate shipment

Galantas Gold Corporation increased shipment of concentrate and slightly narrowed losses for the start of the year at Cavanacaw gold mine in Omagh, Northern Ireland. In its unaudited financial results ended 31 March 2021, the Canadian miner recorded a net loss of C$639,963 (Q1 2020: C$680,315). The miner recorded no revenue and held cash of […]