Anglesey Mining (AYM)

Sector:

Mining

Index:

FTSE Fledgling

4.10p
   
  • Change Today:
      0.25p
  • 52 Week High: 8.88
  • 52 Week Low: 3.13
  • Currency: UK Pounds
  • Shares Issued: 248.07m
  • Volume: 3,198,915
  • Market Cap: £10.17m
  • RiskGrade: 618
  • Beta: 0.07

Anglesey Mining upbeat as loss widens

By Sean Farrell

Date: Friday 13 Dec 2019

LONDON (ShareCast) - (Sharecast News) - Anglesey Mining said it remained positive about its prospects as it reported a wider first-half loss after costs increased without it generating any revenue.
The loss for the six months to the end of September was £156,600 compared with £137,117 a year earlier. Expenses rose to £71,493 from £57,477 and financing costs increased to £85,190 from £79,719. Revenue remained at zero.

The company is developing the Parys Mountain zinc, copper lead project in Anglesey, Wales. QME, a mining contractor, has identified 5.5m tonnes of "currently modelled inferred resources" at the site. Anglesey, which also has iron ore interests in Sweden and Canada, said it believed the Anglesey site had more potential and that the mine could have combined resources of about 10m tonnes.

John Kearney, chairman, said: "We remain very positive about the prospects for the company as a result of the latest QME studies. It should be emphasised that this optimisation work will have to be supported by an updated scoping study or pre-feasibility study. If eventually supported, then the size and life of the Parys Mountain mine would be company changing.

"We do recognise that much remains to be done and that additional funds, and possibly industry partners, will be required to enable the project to reach its true potential, but the possibilities are there."



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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.

 

Anglesey Mining Market Data

Currency UK Pounds
Share Price 4.10p
Change Today 0.25p
% Change 6.49 %
52 Week High 8.88
52 Week Low 3.13
Volume 3,198,915
Shares Issued 248.07m
Market Cap £10.17m
Beta 0.07
RiskGrade 618

Anglesey Mining Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
30.16% above the market average30.16% above the market average30.16% above the market average30.16% above the market average30.16% above the market average
13.04% above the sector average13.04% above the sector average13.04% above the sector average13.04% above the sector average13.04% above the sector average
Price Trend
54.58% above the market average54.58% above the market average54.58% above the market average54.58% above the market average54.58% above the market average
76.64% above the sector average76.64% above the sector average76.64% above the sector average76.64% above the sector average76.64% above the sector average
Income Not Available
Growth Not Available

Anglesey Mining Dividends

No dividends found

Trades for 02-Dec-2021

Time Volume / Share Price
15:44 850,000 @ 3.99p
16:20 23,833 @ 4.15p
15:00 12,235 @ 4.00p
14:27 12,500 @ 4.00p
14:17 12,500 @ 4.00p

Anglesey Mining Key Personnel

Chair John Kearney
Finance Director Danesh Varma
CEO Jonathan Battershill

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