Aureus Mining Inc’s (LON:AUE) third quarter results showed revenues of US$18.8 mln on sales of more than 14,000 ounces of gold. Debt repayments have been deferred and major modifications to the plant have begun. The aim is to try to improve recoveries and to get costs down.
Fitness monitoring and well-being group CloudTag Inc (LON:CTAG) has seen £700,000 of Tranche 1 Notes converted into equity at 9.5p per share by L1 Capital Global Opportunities Master Fund.
DekelOil Public Limited (LON:DKL) will spend around €1mln improving its palm oil facilities in the Ivory Coast ahead of next year’s March - June season. A press to extract additional crude palm oil (CPO) from empty fruit bunches will cost €485,000 but boost extraction by 0.5 percentage points and pay for itself within a year.
Shares in Diamondcorp Plc (LON:DCP) have been suspended after its Lace mine in South Africa was flooded by heavy rainfall following two storms. The company said that more than 90 mm of rain fell in the space of an hour at Lace, equating to almost one third of the mine’s annual rainfall.
Hydrogen fuel specialist ITM Power (LON:ITM) has added car hire group Europcar UK to its growing list of fleet customers. Europcar has just been awarded a grant from UK government agency OLEV, money that will be used to acquire what it says will be the UK’s largest privately owned fleet of hydrogen cars.
SDX Energy Inc (LON:SDX, CVEL:SDX) told investors it has ‘high graded’ exploration prospects identified in new 3D seismic in the South Disouq exploration area, Egypt. The oil and gas company has been working to analyse and interpret the data and it today highlights that the programme has identified several prospects, with numerous discoveries.
Akers Biosciences PLC (LON:AKR, NASDAQ:AKER) is primed for a strong end to the year after delivering a robust showing in the third quarter. Total revenues grew by 262% to US$613,198 in the three months to September 31, driven by sales of the company’s flagship PIFA Heparin-PF4 Rapid Assay.