Weatherly International to meet copper production expectations by end of 2016
20th Oct 2016 11:28
(ShareCast News) - AIM-listed copper miner Weatherly International said it would meet production expectations by the end of the year, despite a groundwater problem at its Namibia mine. In an update for the quarter ended 30 September, the company said copper output for the quarter was 14.3% below nam
Read moreWeatherly International amends, restates agreement with Orion Mine Finance
31st Aug 2016 11:38
(ShareCast News) - Weatherly International has entered into a further amendment and restatement agreement with Orion Mine Finance (Master) Fund I LP. Under the amended facility, the repayment of Facility C has been deferred to 28 February 2017. Orion had also agreed, effective until 28 February 201
Read moreWeatherly jumps after lifting production guidance at Namibia mine
14th Sep 2015 09:36
(ShareCast News) - Shares in Weatherly International jumped over 10% early on Monday, after the miner lifted production guidance for its Tschudi mine in Namibia. The London-listed company said production guidance for the current quarter was upgraded by 15% and it now expects to produce 1,150 tonnes
Read moreWeatherly International shares boosted on strong fourth quarter result
22nd Jul 2015 11:55
(ShareCast News) - Shares in Weatherly International were up after the company said it would reach full capacity at its Tschudi in Namibia in the final quarter of the year. At 1107 BST shares in the AIM-listed stock were up 10.01% to 1.16p. The mining firm produced positive results out of Nambia in
Read moreProduction costs at US shale explorers to drop significantly in 2015
17th Mar 2015 14:42
Recent outlook statements from US exploration and production companies reveal that while activity is being sharply curtailed none is expecting a fall in output as a result. In fact, consultancy Wood Mackenzie expects oil production will grow this year and the next if the price of crude recovers to a
Read moreWeatherly reports significant progress at Tschudi
7th Oct 2014 11:53
Copper miner Weatherly described a pivotal year in which it made "significant progress" in bringing its Tschudi operations closer to production. The site, which chairman John Bryant has promised will "transform" the company's performance, is ahead of schedule, with first copper expected in the secon
Read moreThursday broker round-up UPDATE
17th Jul 2014 11:07
Antofagasta: Canaccord Genuity cuts target price from 870p to 835p and maintains a hold recommendation. African Minerals: Canaccord Genuity reduces target price from 230p to 170p and keeps a buy recommendation. Ashmore Group: Goldman Sachs downgrades to neutral with a target price of 430p. Barcla
Read moreWeatherly International share price dips on lower metal production
16th Oct 2013 10:15
Production was lower than expected at AIM-listed copper miner Weatherly International in the first quarter, although the group confirmed cash costs for the latest quarter were reduced. Chief Executive Officer Romd Webster argued that while the company had not yet seen increased metal production i
Read moreWeatherly leaps on new loan agreement
20th Sep 2013 12:48
Shares in Weatherly leapt 27 per cent on Friday after the mining group announced the successful execution of the loan documentation with Orion Mine Finance Fund for the company's flagship Tschudi project in Namibia. Orion will provide a $91m loan facility to meet the full funding requirement of the
Read moreFriday broker round-up UPDATE
20th Sep 2013 08:06
African Minerals: Investec reduces target price from 393p to 246p, while its buy recommendation remains unchanged. Ashmore Group: Berenberg cuts target price from 500p to 470p and retains a buy recommendation. ASOS: Deutsche Bank raises target price from 4450p to 4800p and reiterates a hold recomm
Read moreWeatherly disappoints with decline in half year profit
4th Mar 2013 09:56
Copper miner Weatherly posted a sharp decline in half year pre-tax profits, hit by lower revenues, higher sales costs, and negative comparables with the same period the previous year. Profit before tax came in at $0.5m (2011: $13.3m), on revenues of $18.9m (2011: $23.1m), which resulted from delay
Read moreWeatherly International unveils rise in copper production
15th Jan 2013 10:06
Shares in Weatherly International fell Tuesday as the company released its quarterly operations and production update on copper projects. The company dropped 9.62% at 10:00 despite reporting a rise in production during the second quarter with 5,780 tonnes of copper concentrate containing 1,328 tonn
Read moreResource round-up: Weatherly Int, Mercom, Goldstone Resources, Continental Coal
22nd Nov 2012 15:27
Aim-listed copper mining producer Weatherly International said it is to reopen the Old Matchless mine in Namibia, allowing the company to double production in the area. Production at the mine, which closed in 1983 and sits around 2km east of current mining operations, is expected to start within 13
Read moreThursday broker round-up UPDATE
22nd Nov 2012 07:19
Alternative Networks: Westhouse Securities downgrades from buy to add, target price of 280p kept. Babcock International: UBS downgrades from buy to neutral. Barr (AG): N+1 Singer raises target price from 402p to 525p and upgrades to buy. Belvoir Lettings: Seymour Pierce raises target price from 9
Read moreResources round-up: TomCo, Sunrise Resources, Weatherly,
23rd Oct 2012 16:28
TomCo Energy, the oil shale exploration and development company, rose 3.8% after it said it had commenced measures to secure the necessary approvals and permits required for commercial production at its Holliday Block in Utah. The firm said it was currently streamlining its corporate structure to fo
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