Anglo Pacific Group (APF)

Sector:

Mining

115.20p
   
  • Change Today:
      1.00p
  • 52 Week High: 215.00
  • 52 Week Low: 101.00
  • Currency: UK Pounds
  • Shares Issued: 181.76m
  • Volume: 152,392
  • Market Cap: £209.39m
  • RiskGrade: 243

Anglo Pacific "positive" about feasibility study for Salamanca mining project

By Maryam Cockar

Date: Friday 15 Jul 2016

LONDON (ShareCast) - (ShareCast News) - Natural resource company Anglo Pacific was "positive" about the definitive feasibility study (DFS) from Berkeley Energia on its mining project in Salamanca, Spain.
The Salamanca mining project is located in a historic uranium mining area in western Spain.

The DFS reported that the mine is capable of producing an average saleable production of 4.4m pounds of uranium per annum over 10 years of steady state production, or an average of 3.5 million pounds of uranium per year over a 14-year mine life.

The company said that this was "significantly higher" than the rate of production it assumed when the company bought the royalty in 2009, due to the increase in resource found in the past 12 months by Berkeley Energia.

First production of royalty income for the company is expected in 2018.

In December 2009, Anglo Pacific acquired a 1% net smelter return (NSR) royalty for production from Berkeley Energia's Spanish and Portuguese assets for A$4.1m. Anglo Pacific also holds 30.3m Berkeley Energia ordinary shares.

"We are encouraged by the timely release of this positive DFS," chief executive Julian Treger said.

"Based on Berkeley's long-term contracted uranium price assumptions, the project should generate average gross annual sales revenue of approximately $180m. Anglo Pacific has a 1% NSR royalty based on the revenues received by Berkeley. We look forward to Berkeley's progress in bringing this exciting project into production."

The company said its aim is to develop a diverse international royalty company with a portfolio centred on base metals and bulk materials, which focus on accelerating income growth through acquiring royalties on projects that are cash flow generating or are expected to be within the next 24 months.

It also said its policy is to pay a substantial portion of these royalties to shareholders as dividends.

Shares in Anglo Pacific were up 4.41% to 88.75p at 1647 BST.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

APF Market Data

Currency UK Pounds
Share Price 115.20p
Change Today 1.00p
% Change 0.88 %
52 Week High 215.00
52 Week Low 101.00
Volume 152,392
Shares Issued 181.76m
Market Cap £209.39m
RiskGrade 243

APF Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
88.24% above the market average88.24% above the market average88.24% above the market average88.24% above the market average88.24% above the market average
91.15% above the sector average91.15% above the sector average91.15% above the sector average91.15% above the sector average91.15% above the sector average
Price Trend
40.3% below the market average40.3% below the market average40.3% below the market average40.3% below the market average40.3% below the market average
40.5% below the sector average40.5% below the sector average40.5% below the sector average40.5% below the sector average40.5% below the sector average
Income
97.95% above the market average97.95% above the market average97.95% above the market average97.95% above the market average97.95% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Growth
83.21% above the market average83.21% above the market average83.21% above the market average83.21% above the market average83.21% above the market average
55.17% above the sector average55.17% above the sector average55.17% above the sector average55.17% above the sector average55.17% above the sector average

What The Brokers Say

Strong Buy 5
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 5
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

APF Dividends

  Latest Previous
  Q1 Q4
Ex-Div 02-Jul-20 04-Jun-20
Paid 14-Aug-20 18-Jun-20
Amount 1.75p 4.12p

Trades for 10-Aug-2020

Time Volume / Share Price
11:23 1,000 @ 114.72p
11:12 2,051 @ 114.02p
11:10 21,000 @ 114.04p
11:03 4,000 @ 114.02p
11:00 1,500 @ 114.04p

APF Key Personnel

CEO Julian Treger
CFO Kevin Flynn

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