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.
MGC Pharmaceuticals Ltd (LSE:MXC, OTC:MGCLF, ASX:MXC) has launched a newly updated website in line the company’s rebranding, which reflects the company’s “global vision and its developing position as a fully-fledged pharmaceutical company, focused on developing high-quality plant inspired medicines to meet growing international demand.” As a result of the rebrand and new website, the company told investors it is now fully compliant with the Australian Therapeutic Goods Administration (TGA), European Medicines Agency (EMA) and USA Food and Drugs Administration (FDA) regulations.
Bens Creek Group PLC (AIM:BEN, OTC:BENCF) has hired WH Ireland Limited as joint broker with immediate effect as part of the company’s strategy to increase its institutional profile with investors.
Trident Royalties PLC (AIM:TRR) has hired Liberum Capital as joint corporate broker, and, it will now work alongside its other brokers Stifel Nicolaus and Tamesis Partners.
Atlantic Lithium Limited (AIM:ALL, OTCQX:ALLIF, ASX:A11), in a regulatory statement, notified the market that its major shareholder Assore International Holdings Limited had increased its interest in the company to 25.06%. Atlantic Lithium executive chair Neil Herbert commented “we welcome the further investment by Assore showing their commitment to the company, and indeed their active involvement and support in developing Ghana's first lithium mine."
PCF Group PLC (AIM:PCF) in a regulatory statement gave notice for a general meeting and confirmed it seeks to delist its shares from the London Stock Exchange.