Pan African Resources PLC (AIM:PAF, OTCQX:PAFRY, JSE:PAN, OTCQX:PAFRF)‘s trading update suggests 2024 fiscal year production at the upper end of guidance suggests Peel Hunt, with the Evander, Barberton and Elikhulu gold mine operations all performing well in the second half
Management has introduced 2025 production guidance at 215-225koz, a range that Peel Hunt said is above the broker’s 211,000 oz estimate, implying a faster ramp-up at tailings project MTR than expected.
Deutsche Bank has initiated coverage of Accesso Technology Group PLC (AIM:ACSO, OTC:LOQPF) with a 'buy' rating and a 1,000p price target, saying that it expects demand for its products to 'remain healthy'.
Accesso is a specialist ticketing, e-commerce, point-of-sale, virtual queueing, food and retail, and experience-management technology software and solutions that are used at over 1,200 venues worldwide.
Shares in Arecor Therapeutics PLC (AIM:AREC) rose in the wake of news it is teaming with US med-tech giant Medtronic to develop a new, high-concentration, thermostable insulin designed specifically for use in the latter's next-generation implantable insulin pumps.
Arecor believes there is the potential for 'significant advancements' in treatment for a group of diabetes patients who find limited benefits from conventional therapies.
Chesnara PLC (LSE:CSN) offers a "compelling" consolidation opportunity, according to RBC Capital, which reiterated its 'buy' recommendation.
The company specialises in closed books of insurance businesses, which it acquires and manages, creating predictable, long-term cash generation.
Baron Oil PLC (AIM:BOIL) is gathering momentum behind the scenes as Andy Butler continues to put his stamp on the junior energy company that’s preparing to seize an exciting opportunity.
The plan for 2024 could see the company reach a major value catalyst by year’s end.
Diversified Energy Company PLC (LSE:DEC, NYSE:DEC) chief executive Rusty Hutson described the company’s first quarter as “solid”, and said that an ongoing focus on cost-cutting is paying off.
"Building a portfolio of high-performing, mature producing assets and optimizing the cost structure has been the foundation of our strategic vision since inception," he said in the statement.
Ariana Resources PLC (AIM:AAU) has reported a big jump in the value of its Dokwe project in Zimbabwe after reworking the numbers following the rise in the gold price.
Build costs are now expected to be recouped in just over thirty months with a post-tax NPV of US$160 million (10% discount) and an IRR of 41% at a gold price of US$2,000/oz.
Light Science Technologies Holdings PLC (AIM:LST) has announced an exclusive distribution agreement with AgriLogiq Technical Systems aimed at marketing and selling its nurturGROW lights in South Africa.
The deal, set for an initial five-year term, is pivotal to LSTH's strategy for entering high-growth markets at low cost and risk.
Arecor Therapeutics PLC (AIM:AREC) said it is teaming with US med-tech giant Medtronic to develop a new, high-concentration, thermostable insulin designed specifically for use in the latter's next-generation implantable insulin pumps.
Arecor believes there is the potential for 'significant advancements' in treatment for a group of diabetes patients who find limited benefits from conventional therapies.
Pan African Resources PLC (AIM:PAF, OTCQX:PAFRY, JSE:PAN, OTCQX:PAFRF) has narrowed its gold production guidance for 2024 with output now expected to be at the upper end of the forecast.
Production would have exceeded the target, added the South African gold miner, but due to costs, it has stopped processing low-grade surface ore at its Evander Mines complex which had chipped in 2,500oz in the first half.