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Investor Update: Ariana Resources rakes it in as gold prices soar

Headlines from the Proactive UK newsroom.

Ariana Resources’ (LON:AAU) revenues hit a new record in the latest quarter as the impact of high gold prices started to feed through. Prices rose to $1,476 per ounce against cost per ounce of US$540.

Strategic Minerals (LON:SML) has completed a feasibility study for the first stage of development of the Leigh Creek copper mine in Australia. The miner says working the Paltridge North, Lynda and Lorna Doone deposits would generate a cash surplus of US$30mln.

Mobile payments group Bango’s (LON:BGO) acquisition Audiens has hit its revenue and other targets two months ahead of schedule.  The data analytics group has won major contracts with the likes of ING Bank and Captify since it was acquired.

Online gambling software group Playtech has warned it will miss its previous profits forecast due to problems at its financial arm -TradeTech. All options for the TradeTech operation are now being considered.

FTSE 250 member Coats is another that has cut expectations for the year due to softer sales than expected. The industrial thread maker now expects underlying operating profits in a range of US$196-201mln.

Quick facts: Ariana Resources PLC

Price: 3.9541 GBX

Market: AIM
Market Cap: £41.9 m

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