Herencia Resources only funded until end of month
17th Feb 2017 07:51
(ShareCast News) - Herencia Resources confirmed on Friday that, following "prudent cash management" and an ongoing working understanding with creditors, it believes its working capital position remains satisfactory until the end of February. The directors of the AIM-traded firm said they remained in
Read moreHerencia Resources agrees $200,000 funding for 're-invigoration' strategy
19th Oct 2016 10:53
(ShareCast News) - Copper mining minnow Herencia Resources secured $200,000 from two shareholders to provide working capital and to fund its "re-invigoration" strategy. After using most of the funds from the sale of its 70% ownership of the Paguanta Project to repay much of its debt, Herencia had be
Read moreHerencia Resources begins 'reinvigoration' of board
1st Sep 2016 11:09
(ShareCast News) - Herencia Resources confirmed on Thursday that it has commenced a process of restructuring, which will involve the appointment of two new Directors over the next week to oversee Herencia's reestablishment as "a viable junior exploration and development company". As part of that res
Read moreHerencia Resources sells 70% of Paguanta project to GMR for $2.3m
28th Jul 2016 14:16
(ShareCast News) - Exploration and development company Herencia Resources sold 70% equity in its Paguanta project to Golden Rim Resources (GMR) for $2.3m, so it can focus on its Picachos mining project. The total consideration of $2.3m in a formal purchase agreement will be made up of $1.5m in cash
Read moreHerencia Resources close to sale of Paguanta project
18th Jul 2016 14:57
(ShareCast News) - Herencia Resources was close to clinching the sale of one of its mining projects as it continued to look for funding amid one of the worst market periods for junior resource companies, the company said in its annual report. Chile-focused Herencia had yet to be successful in that r
Read moreHerencia Resources gets second loan tranche
22nd Apr 2016 09:20
(ShareCast News) - Herencia Resources said it had received the second tranche of a recently arranged £0.5m loan facility. AIM-listed Herencia said the £100,000.1 tranche will support the company's working capital requirements until early May 2016, but there were no guarantees the company would be ab
Read moreHerencia secures short-term funding as Next deal 'progresses well'
5th Apr 2016 13:05
(ShareCast News) - Herencia Resources has secured up to $0.5m of emergency funding from two shareholders that could keep it running until June, by which time it hopes to have completed the sale of its Picachos project for up to $5.13m to Next Minerals. AIM-listed Herencia said New York-based Lind Pa
Read moreHerencia buys Pastizal copper project in Chile
29th Oct 2015 11:06
(ShareCast News) - Herencia Resources has signed a binding term sheet to acquire the advanced Pastizal copper project in central Chile via an option agreement. The AIM-listed mineral and exploration company said it has executed a right to buy 100% if the Pastizal tenement, which is located immediate
Read moreHerencia in talks for Chillean joint venture
3rd Aug 2015 10:46
(ShareCast News) - Herencia Resources has signed a memorandum of understanding for a joint venture with Chilean Copper producer Errazuriz Group. Shares in the AIM listed company were up 10.94% to 0.177p at 0943p. The Australian based company, through its Chilean subsidiary signed a non-binding agr
Read moreHerencia Resources reports high grade Picachos results
8th Dec 2014 09:57
Multi-commodity resources company Herencia Resources reported further high grade assay results for its Picachos copper project in Chile. Following tests, Herencia has confirmed that the site's near surface high grade copper mineralisation is consistently in the 1% to 2% copper grade range. The comp
Read moreMonday broker round-up UPDATE
27th Oct 2014 10:05
Aquarius Platinum: Deutsche Bank shifts target price from 28p to 30p and maintains a buy recommendation. Dechra Pharmaceuticals: FinnCap ups target price from 800p to 840p and reiterates a buy recommendation. easyJet: Morgan Stanley moves target price from 1650p to 1665p leaving its overweight rati
Read moreHerencia Resources makes 'dream start' to Picachos drilling
4th Jun 2014 15:31
Chile-focused explorer Herencia Resources claimed to have made a "dream start" to its drilling programme at its Picachos copper project in Chile. Initial drilling results found near-surface high grades and broad widths of copper mineralisation across most zones that were drilled, which it said str
Read moreHerencia Resources finds more copper in Chile
2nd Dec 2013 08:36
Copper miner Herencia Resources has found more copper at a project in Chile. Herencia said it had uncovered further significant high-grade copper, this time from sampling of the '40m shaft' underground mining area at its advanced Picachos copper project in central Chile. Managing Director Graeme S
Read moreHerencia Resources widens first half losses
26th Sep 2013 14:37
Herencia Resources widened its first half losses to 1.59m pounds from last year's 1.3m pounds as the Chilean miner made no revenues as it moved towards starting production at the Patricia deposit. The company completed a feasibility study on Patricia, which revealed a 3.75m tonne operation with 3.2
Read moreHerencia Resources' Guamanga project may be bigger than expected
16th Aug 2013 09:03
Herencia Resources said its potential joint venture partner OZ Minerals had discovered the target area of its Guamanga project in northern Chile could be larger than first anticipated. Australian mining group OZ Minerals is conducting due diligence at Guamanga with a view to taking a controlling st
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