Gold miners should outperform the bullion price this year, according to analysts at Liberum spurred by an outbreak of mergers and acquisitions across the sector.
Liberum has upgraded both Endeavour Mining and Centamin to 'buy', from 'sell' and 'hold' respectively, though its favourite remains UK-listed house stock Caledonia.
Diversified Energy Company PLC (LSE:DEC, NYSE:DEC), in a statement addressing the movements of its share price, said it is aware of a report published by a short seller, which according to the company contains inaccuracies and misrepresents its financial and operational performance.
The report aims to negatively impact DEC’s share price for the benefit of the short seller, the company claimed via its stock market statement.
Bradda Head Lithium Limited (AIM:BHL, OTCQB:BHLIF, TSX-V:BHLI) said the objectives from its drilling campaign at the San Domingo (SD) district in Arizona have been met and surpassed, as it published results from the second phase and ahead of a state of 3D modelling.
The company has also streamlined its corporate costs, executive chair Ian Stalker said, leaving it "well placed financially and geologically to be able to move with speed", though for now he said "we will continue with our 'steady as she goes' approach with no superfluous costs and intend to move back on the resource growth plan at Basin, Arizona".
Plexus Holdings PLC (AIM:POS) has confirmed receipt of the US$5.2 million due from its landmark licensing agreement with SLB, the energy technology group.
In a progress report, the well-head technology group said the deal marked a significant milestone, as well as providing commercial validation for its proprietary POS-GRIP technology.
Atlantic Lithium Ltd (AIM:ALL, OTCQX:ALLIF, ASX:A11) told investors it has received a US$5 million equity investment from Ghana's Minerals Income Investment Fund (MIIF).
MIIF subscribed for just over 19.25 million shares at US$0.2598 per share, for a 3% stake, in a boost to the development of the flagship Ewoyaa lithium project.