Anglo Pacific Group (APF)

Sector:

Mining

 185.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 228.00
  • 52 Week Low: 131.00
  • Currency: UK Pounds
  • Shares Issued: 181.38m
  • Volume: 1,163
  • Market Cap: £335.55m
  • RiskGrade: 154
  • Beta: 0.68

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 185.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 228.00
52 Week Low 131.00
Volume 1,163
Shares Issued 181.38m
Market Cap £335.55m
Beta 0.68
RiskGrade 154

APF Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
67.72% above the market average67.72% above the market average67.72% above the market average67.72% above the market average67.72% above the market average
54.24% below the sector average54.24% below the sector average54.24% below the sector average54.24% below the sector average54.24% below the sector average
Price Trend
47.00% above the market average47.00% above the market average47.00% above the market average47.00% above the market average47.00% above the market average
59.68% above the sector average59.68% above the sector average59.68% above the sector average59.68% above the sector average59.68% above the sector average
Income
72.26% above the market average72.26% above the market average72.26% above the market average72.26% above the market average72.26% above the market average
82.61% above the sector average82.61% above the sector average82.61% above the sector average82.61% above the sector average82.61% above the sector average
Growth
92.55% above the market average92.55% above the market average92.55% above the market average92.55% above the market average92.55% above the market average
83.33% above the sector average83.33% above the sector average83.33% above the sector average83.33% above the sector average83.33% above the sector average

What The Brokers Say

Strong Buy 4
Buy 0
Neutral 1
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
  Q2 Q1
Ex-Div 03-Oct-19 04-Jul-19
Paid 14-Nov-19 15-Aug-19
Amount 1.62p 1.62p

Trades for 06-Dec-2019

Time Volume / Share Price
08:17 1,000 @ 183.68p
08:02 162 @ 184.10p
08:00 1 @ 185.00p

APF Key Personnel

CEO Julian Treger

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