Anglo Pacific Group (APF)

Sector:

Mining

132.00p
   
  • Change Today:
      1.80p
  • 52 Week High: 160.00
  • 52 Week Low: 99.80
  • Currency: UK Pounds
  • Shares Issued: 213.48m
  • Volume: 194,287
  • Market Cap: £281.79m
  • RiskGrade: 197

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 132.00p
Change Today 1.80p
% Change 1.38 %
52 Week High 160.00
52 Week Low 99.80
Volume 194,287
Shares Issued 213.48m
Market Cap £281.79m
RiskGrade 197

APF Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
96.32% above the market average96.32% above the market average96.32% above the market average96.32% above the market average96.32% above the market average
43.10% above the sector average43.10% above the sector average43.10% above the sector average43.10% above the sector average43.10% above the sector average
Price Trend
61.89% below the market average61.89% below the market average61.89% below the market average61.89% below the market average61.89% below the market average
25.19% below the sector average25.19% below the sector average25.19% below the sector average25.19% below the sector average25.19% below the sector average
Income
94.90% above the market average94.90% above the market average94.90% above the market average94.90% above the market average94.90% above the market average
45.45% above the sector average45.45% above the sector average45.45% above the sector average45.45% above the sector average45.45% above the sector average
Growth
40.91% below the market average40.91% below the market average40.91% below the market average40.91% below the market average40.91% below the market average
87.1% below the sector average87.1% below the sector average87.1% below the sector average87.1% below the sector average87.1% below the sector average

What The Brokers Say

Strong Buy 4
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 4
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 Final
Ex-Div 07-Oct-21 08-Jul-21
Paid 10-Nov-21 18-Aug-21
Amount 1.75p 3.75p

Trades for 28-Sep-2021

Time Volume / Share Price
11:47 497 @ 133.20p
11:17 1,200 @ 131.25p
11:12 1,000 @ 131.98p
11:08 22,226 @ 130.17p
11:08 1 @ 132.80p

APF Key Personnel

CEO Julian Treger
CFO Kevin Flynn

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