Sierra Rutile production well ahead in third quarter
21st Oct 2016 08:40
(ShareCast News) - Sierra Rutile posted an operational update for the third quarter of 2016 on Friday, with strong quarterly production at 43,081 tonnes of rutile. The AIM-traded firm said that was a 24% increase in rutile production from Q2 2016, and a 27% increase from Q3 2015. Gangama Dry Mine w
Read moreSierra Rutile and Iluka continue merger talks beyond deadline
15th Sep 2016 10:34
(ShareCast News) - Sierra Rutile updated the market on its merger transaction with Iluka Investments on Thursday, after a significant deadline elapsed in their agreement. "As noted in the parties' respective announcements of 6 September, the Merger Implementation Agreement dated 31 July provided for
Read moreSierra Rutile's proposed merger with Iluka hits snag in Germany
6th Sep 2016 11:39
(ShareCast News) - Shares in Mineral sands producer Sierra Rutile fell nearly 17% on Tuesday morning as it was announced that its proposed $375m merger with Australian zinc miner Iluka Resources is to be delayed by a German regulator calling for a longer review of the deal. Reportedly the German ant
Read moreSierra Rutile recommends Iluka Resources takeover
1st Aug 2016 10:41
(ShareCast News) - AIM-listed Sierra Rutile (SRL) said on Monday that its board of directors and major shareholder have accepted a takeover bid from Australian mineral sands miner Iluka Resources that values the group at £215m. Under the terms of the acquisition, Sierra Rutile shareholders will rece
Read moreSierra Rutile production up in second quarter
15th Jul 2016 11:38
(ShareCast News) - Sierra Rutile posted an operational update for its second quarter on Friday, reporting a strong quarterly production of 34,629 tonnes of rutile - a 29% increase from the first quarter, and a 16% increase from the second quarter of last year. The AIM-traded firm had a record first
Read moreSierra Rutile raises £14m in share placing
14th Apr 2016 15:41
(ShareCast News) - Sierra Rutile had an extra £14m to play with on Thursday, completing a share placing with both new and existing institutional investors. The AIM-traded firm said the placing was oversubscribed, with the net proceeds being used to provide additional working capital and financial fl
Read moreSierra Rutile unsure of effect Ebola measures will have on operations
8th Sep 2014 08:49
Sierra Leone-based company, Sierra Rutile, has given its backing to a measure by the country's government to contain the outbreak of the Ebola virus. The group said it was is currently assessing the extent to which the lockdown would affect operations and said it would update investors on the situat
Read morePayPoint non-exec offloads shares in deal worth £27.1m
12th Jun 2014 16:14
David Morrison, a non-executive director at PayPoint, has cashed in on the recent rise in the group's share price with sale of 2.46m shares in a deal worth £27.1m. Last month the payment services group revealed that its transaction volume in the 12-month period rose 3.9% to a record high, revenues
Read moreSierra Rutile on track after boosting Q1 production
7th Apr 2014 14:24
Industrial mineral producer Sierra Rutile is on track to hit annual targets after boosting first quarter production and cutting costs. Sierra, which mines for titanium feedstock industrial minerals such as rutile and ilmenite in the south-west of Sierra Leone, said it was well-placed to meet 2014 g
Read moreSierra Rutile lowers full year production guidance by four per cent
20th Nov 2013 08:41
Sierra Rutile said Wednesday that in light of existing market conditions, it has re-assessed its production targets and is planning a 'slight decrease' in its rutile production for 2013 to 120,000 tonnes of rutile, a four per cent reduction on the previous 125,000 tonne guidance. The reduction was
Read moreSierra Rutile in takeover talks
19th Nov 2013 13:47
Sierra Leone-focused mineral producer Sierra Rutile is in talks about potential takeover bids, sending its shares up by more than a quarter. The group, which produces titanium feedstock industrial minerals such as rutile and ilmenite, responded to speculation by saying it was "in discussions with
Read moreThursday broker round-up UPDATE
17th Oct 2013 09:45
AGA Rangemaster Group: N+1 Singer ups target price from 135p to 150p and stays with its buy recommendation. Anglo American: HSBC raises target price from 1610p to 1740p maintaining an overweight rating. Antofagasta: HSBC increases target price from 900p to 990p and upgrades to overweight. Aquariu
Read moreSierra Rutile Chairman increases stake to above 2m shares
23rd Sep 2013 15:54
Sierra Rutile's Non-Executive Chairman, Jan Castro, has swelled his stake in the mineral sands group to more than two million shares after a purchase made at the end of last week. Castro bought 627,500 shares at 50p a time, costing him a total of £313,750. A more modest purchase was made the sam
Read moreLSL Chief sells four million shares ahead of role change
5th Sep 2013 16:11
Simon Embley, the out-going Chief Executive of LSL Property, announced plans to sell just short of 20m pounds-worth of shares in the residential property services provider. Embley, who is changing roles within the company to Deputy Chairman on September 9th, traded in a total of 4.16m shares at an
Read moreWednesday broker round-up UPDATE
4th Sep 2013 08:50
Abbey Protection: Numis lowers target price from 120p to 110p keeping a hold recommendation. Antofagasta: Investec takes target price from 707p to 725p, but still recommends selling. Ashtead Group: Numis ups target price from 640p to 670p and retains a hold recommendation. Panmure Gordon increases
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