Metals Exploration plc has identified a potential exploration target, which it previously relinquished, that could extend the life of ore processing at Runruno in the Philippines. PERMITS The company said that the gold mine’s processing plant could be redesigned to take any ore from the site, called Dupax, to process into a saleable mixed metal […]
Tag: Metals Exploration plc
Metals announces TVR following acquisition
Metals Exploration plc has announced its total voting rights and interests held by significant shareholders following its acquisition of Condor Gold plc. INVESTORS The company has 2,951,875,559 shares in issue, of which 393,513,312 ordinary shares are held in treasury. The total number of voting rights is therefore 2,558,362,247. Nick Candy has 651 million shares, representing […]
Metals improves La India production estimates
Metals Exploration plc said its initial estimates showed “significant improvements” to the previous bankable study for La India gold mine project in Nicaragua. ADVANCED Following a site visit last November and internal studies, the company has increased the 2022 figures for open pit mining to 2025 figures based on open pit / underground production. Annual […]
Metals completes Condor acquisition
Metals Exploration plc today took full ownership of Nicaragua-focused Condor Gold plc following yesterday’s High Court sanction. BOARD Condor non-executive chairman Jim Mellon is expected to be appointed to Metals’ board as a non-executive director, subject to regulatory checks. He will be paid a director’s fee on similar terms to Metals’ existing non-executive directors. All […]
Court sanctions Metals’ acquisition of Condor
Metals Exploration Ltd’s acquisition of Condor Gold plc has today been sanctioned by the High Court, with completion expected tomorrow. Following admission of 830,145,141 new Metals shares issued to Condor shareholders, Metals will have 2,965,438,788 ordinary shares of £0.0001 each in issue, of which 393,513,312 ordinary shares are held in treasury. The total number of […]
Condor issues 300,000 option shares
Condor Gold plc has issued 300,000 new ordinary shares with a nominal value of £0.001 each, at a 23p per share subscription following an options exercise for £69,000. Non-executive director Ian Stalker received the shares and, in conjunction with Promaco Consulting Services Ltd, a company beneficially owned by him, and Promaco Ltd, a company owned […]