Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF) is still a “top pick” among senior gold producers of analysts at Canaccord Genuity (TSX:CF, LSE:CF) after the company announced an initial three-million-ounce resource at its Tanda-Iguela project in Côte D’Ivoire.
The firm reiterated a Buy rating and a price target of C$40. Endeavour shares traded 1% higher at $27.42 Tuesday morning.
Analysts at Liberum Capital have reiterated a 'buy' rating on Emmerson PLC (AIM:EML, OTC:EMSNF) following news the firm has signed a 10-year ‘take-or-pay’ offtake agreement.
The Memoranda of Understanding (MOUs) with traders Keytrade and Hexagon Group is over 65% of MOP (muriate of potash) and 50% of salt production from Emmerson’s best in-class Khemisset potash project in Morocco.
CentralNic Group PLC (AIM:CNIC)’s results got the thumbs up from Berenberg today which sees potential for the group’s share price to double.
Quarter three results were in line but the broker pointed out the company has upgraded its organic EBITDA and EPS forecasts by c40% year to date and has clearly proven its ability to grow organically and via acquisitions.
Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) said it has changed rig supplier after legal complications, but still is targeting a spud date at the Rukwa licence in Tanzania in the first quarter of next year.
With the company believing legal issues around the previously announced Predator rig would have had an impact on its availability, it has now signed a memorandum of understanding with Exalo Drilling, an onshore drilling arm of Poland’s Orlen Group.
Anglo Asian Mining PLC (AIM:AAZ, OTC:AGXKF), the AIM-listed gold, copper and silver producer focused on Azerbaijan, has announced the start of an expansion of its flotation plant, which will be doubled in capacity, and provide additional operational flexibility.
The company said the expansion forms part of an increase in throughput capacity to process ore from new mines in the short and medium term. This will begin with Zafar, which is due to commence production in H2 2023. This will support the company's ambition to become a mid-tier miner producing over 100,000 gold equivalent ounces per annum, it added.
Condor Gold PLC (AIM:CNR, TSX:COG, OTC:CNDGF) said it has appointed Hannam and Partners to seek a buyer for the assets of the company. Condor recently completed a bankable feasibility study on the La India open-pit gold project in Nicaragua.
"Condor Gold has de-risked the La India gold project to a near construction-ready status, with an 18-month construction period from receipt of project financing,” said Mark Child, chief executive of Condor Gold in a statement.
Arecor Therapeutics PLC (AIM:AREC) said the Austrian regulator has given the go-ahead for an EU phase I clinical trial of A278, the company’s rapid-acting, ultra-concentrated insulin discovery.
It is expected the study, which will be carried out at the Medical University of Graz, will get underway next month. The initial read-out is currently slated for the fourth quarter of next year.
CentralNic Group PLC (AIM:CNIC) said strong organic growth was behind an 88% increase in its revenues for the first nine months of 2022.
Underlying profits (adjusted EBITDA) more than doubled during the period to £62mln, the domain name and digital marketing specialist added.
Caerus Mineral Resources PLC (LSE:CMRS) said it has agreed settlement terms with former directors, Michael Johnson and Martyn Churchouse resulting in, substantially, all of their shares being gifted back to the company (for no consideration) and the termination of their warrants (read more).
Allergy Therapeutics PLC (AIM:AGY, OTC:AGYTF) has appointed Martin Hopcroft as interim chief financial officer, replacing Nick Wykeman, who is leaving at the end of the month. Hopcroft has served as CFO of Novasep, a supplier to the pharma industry, Cambian Group, a residential educational services specialist and medical devices group Consort Medical. Allergy Therapeutics said it is continuing its search for a permanent CFO and will make a further announcement in “due course”.
RC365 Holding PLC (LSE:RCGH) appointed Shipley LLP as its new auditor after previous auditor Jeffreys Henry LLP resigned, as it decided to no longer register as a firm elible to undertake Public Interest Entity audits.
IXICO PLC (AIM:IXI, OTC:PHYOF) gave notice for its full year results, for the year ended 30 September, which will be released on Wednesday 7 December.
Samarkand Group PLC (AQSE:SMK) said it has “navigated one of its peak trading periods [Single’s Day] in line with expectations” and “demand remained strong” as it gave notice for the release of its financial results on 11 November. It also noted that it will participate in a VSA Capital investor event on 29 November.
Iofina PLC (AIM:IOF, OTC:IOFNF) appointed Canaccord Genuity Limited as its Nominated Adviser (NOMAD) and corporate broker, with immediate effect.
Ondo InsurTech PLC (LSE:ONDO) participated in a London Stock Exchange investor event.
Naked Wines PLC (AIM:WINE, OTCQX:NWINF) announced the appointment of Stephen Bolton as non-executive director, and he will also join the audit committee as chairman.