Mining round-up: Goldfields, Gemfields and Toledo Mining
3rd Oct 2011 10:24
European Goldfields has agreed heads of terms with Qatar Holding for the provision of a $600m seven year senior secured loan facility with equity participation. The loan, which is secured over the firm's Greek assets, is to be used primarily for the development of the firm's gold projects in Greec
Read moreGemfields is digging up a shiny profit
2nd Aug 2011 15:33
Gemfields, the gemstones miner, has seen its share price edge north after delivering a record performance in the three month period and year ending 30 June 2011. The company's year-on-year production soared 90% to 33m carats (2010: 17.4 million carats) while production costs fell 41% from $0.73 to
Read moreJohnston Press chairman buys again
21st Mar 2011 16:59
Johnston Press chairman Ian Russell has nearly doubled his stake in the local newspaper publisher. Russell acquired 1.3m shares at 7.65p each, taking his stake to 2.71m shares. The share purchase cost just over £99,000. The Johnston Press share price has fallen by nearly three-quarters in the pa
Read moreSmall caps round-up: Advanced Power, Gemfields, FW Thorpe
17th Mar 2011 15:21
First half pre-tax profit at Advanced Power Components - the electronic components group - has more than doubled from £42,000 to £100,000, due to reduced administrative and finance costs. While revenues for the six months ended 28 February are expected to be flat at £6.5m, the order book has increa
Read moreSmall caps round-up: Air Partner, Gemfields, Regenersis...
31st Jan 2011 11:24
Aviation group Air Partner says that trading has remained positive in the six months to date and the interim results are likely to be ahead of expectations, partly attributable to the strong performance in its commercial jet broking division. While the group says it is well positioned to increase p
Read moreSurge in Gemfields' production
22nd Nov 2010 13:24
Gemstones miner Gemfields has achieved record production in the three months to September 2010 but chief executive Ian Harebottle warns that production levels will decline. First quarter production of 12.8m carats of emerald and beryl is equivalent to three-quarters of production in 2009-10. Eme
Read moreThursday tips round-up: Marston's, Greggs, Cranswick
7th Oct 2010 06:51
Marston's is for those who enjoy an old-fashioned pint and an old-fashioned pub company. Marston's shares sell on about ten times' earnings for the year to end-September and have the buttress of a 6 per cent yield. In a battered sector, a "hold" at least, says the Times. Greggs, the bakery chain, a
Read moreGemfields profit after liability write-back
6th Oct 2010 15:16
Gems miner Gemfields made its first ever profit in the year to June 2010, although it had a little help from the release of a provision. It swung from a loss of $291.1m to a profit of $1.5m as revenues from emerald sales jumped from $815,000 to $19.9m. A reduction in operating costs at the Kagem m
Read moreGemfields July Auction Sales Of $7.5M
28th Jul 2010 08:02
LONDON (Dow Jones)--Gemfields PLC (GEM.LN), said Wednesday that its July 2010 rough emerald auction realizes sales of $7.5 million, the highest auction revenue to date. MAIN FACTS: -Demand for Zambian emeralds, and more specifically Gemfields' Kagem emeralds, has seen a steady increase acros
Read moreLondon close: Footsie slips back
22nd Feb 2010 16:36
Footsie struggled to find any sense of direction on a quiet day's trading, closing slightly in the red. Bunzl showed a healthy rise as the market was encouraged by a strong second half for the group that saw margins improve. Foreign exchange tailwinds enabled the outsourcing and distribution group
Read moreLondon afternoon: RBS heads the field
22nd Feb 2010 14:45
The lunch-time session was a positive one for blue-chip equities despite Wall Street opening modestly lower, with banks and miners leading the advance. Royal Bank of Scotland (RBS) has usurped Bunzl as the best performer of the day. The part-nationalised lender, like its counterpart Lloyds Banking,
Read moreSmall cap round-up: Watermark Global, Treatt, Gemfields ...
7th Dec 2009 09:56
Shares in Watermark Global jumped after the acid mine drainage treatment company said it had signed a co-operation agreement worth R5m (£406,000) for its subsidiary Western Utilities Corporation to provide engineering work for South Africa's Industrial Development Corporation. The strong US dollar
Read moreSmall caps round-up: Ariana, Gemfields, Sareum
27th Oct 2009 11:09
Turkey-focused gold miner Ariana Resources has set up a 50:50 joint venture to combine its two main projects, Sindirgi and Tavsan, into a single conceptual entity. The company confirmed its partner in the 'Red Rabbit' project as Turkish turn-key construction firm Proccea Construction. "A Memorandu
Read moreSmall caps round-up 2: Skywest, Symphony, Uruguay,...
8th Jul 2009 13:30
Degradable plastics and waste-to-energy outfit Symphony Environmental Technologies has topped expectations at the half-year stage, it said today. Revenue for the six months ended 30 June 2009, due to be confirmed on 10 September, rose 59% to £3.65m from £2.3m a year earlier. The firm has also cut
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