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.
London’s initial public offering (IPO) pipeline is said to be growing ahead of a shake-up to UK listing rules.
“The pipeline is actually building,” London Stock Exchange chief executive Julia Hoggett said at a Financial Times event on Wednesday.
Light Science Technologies Holdings PLC (AIM:LST) has reported record revenue of £9.30 million for the 2023 financial year, a 13.8% increase from £8.17 million in the preceding twelve months.
The company said gross margin improved to 23.4% from 17.7%, driven by a combination of reduced supply chain constraints and efficient cost management.
Polarean Imaging PLC (AIM:POLX, OTC:PLLWF), a leader in advanced MRI technology, has been selected as a featured company and poster presenter at the upcoming American Thoracic Society's 2024 Respiratory Innovation Summit.
A key gathering for those involved in pulmonary medicine, the event, which takes place from May 17-18 in San Diego, brings together over 275 global leaders from various sectors including start-ups, venture capital, and academia.
Anglo Asian Mining PLC (AIM:AAZ, OTC:AGXKF) has signed a vendor financing facility agreement with mining equipment giant Caterpillar covering underground machines for the new Gilar mine in Azerbaijan.
In December, AIMC, an Anglo Asian subsidiary, took delivery and paid US$4.6 million for three R1700 underground loaders and two 980UMA underground loaders.
The recent graphite test work of Sovereign Metals Ltd (ASX:SVM, OTC:SVMLF, AIM:SVML) at four independent laboratories in Australia, Canada and South Africa has produced high-grade graphite concentrates with more than 97% total graphite content (TGC) and exceptional flotation recoveries exceeding 90%.
This work is being conducted as part of the company’s graphite marketing and active anode qualification strategy, supervised by Dr Surinder Ghag.
Frontier IP said portfolio company The Vaccine Group (TVG) is to collaborate with The Pirbright Institute to develop vaccines to counter African swine fever (ASF).
ASF has a devastating impact on pigs, said TVG, and threatens the UK's £620 million pig and pork export market.
Peel Hunt reaffirmed its buy rating on Seeing Machines Ltd (AIM:SEE, OTC:SEEMF) after the advanced computer vision technology said it is on course for a cash break even in the year ahead.
Analysts cited Seeing Machines’ sequential production growth in the third quarter and “the rollout of its largest contract with the Volkswagen Group (XETRA:VOW)” as key drivers of Seeing Machines’ investment thesis
Mosman Oil and Gas Ltd (AIM:MSMN) has reported an increase in gross production at its Stanley project in Texas, where at 221 barrels of oil equivalent (boepd) per day output surged by 84% in April.
The increased production followed the recompletion of the Stanley-3 well, which is now producing oil and gas.
Baron Oil PLC (AIM:BOIL) is now 100% focused on its high-impact gas project in Timor-Leste, as the company confirmed its full withdrawal from UK operations.
The company previously relinquished its interest in UK licence P2478 and it has now confirmed that an application into the most recent North Sea licensing round, made by prior management, has been unsuccessful.
Seeing Machines Ltd (AIM:SEE, OTC:SEEMF) said it would meet expectations for fiscal 2024 and is on course for cash break-even the following year as it continued to grow strongly in the third quarter.
A specialist in advanced computer vision technology, it pointed to a 109% year-over-year increase in the number of cars equipped with its AI-powered operator monitoring systems as it updated investors.
Atlantic Lithium Ltd (AIM:ALL, OTCQX:ALLIF, ASX:A11) said resource drilling at a new area at the Ewoyaa lithium project in Ghana, West Africa, had intercepted more high-grade and broad mineralisation.
Assay results received for 4,101m of drilling at the Dog-Leg target and sterilisation reverse circulation holes at the proposed plant site, showed grades up to 1.85% lithium (Li2O) with a mineral resource upgrade now targeted for mid-year.