Focus Xplore plc has started to review its existing interests and evaluate a “range of new exploration opportunities”. FINANCES The company’s current exploration portfolio covers uranium, lithium and selected rare earth elements (magnet metals) in Ontario, Canada. The review follows last month’s board resignations and appointments, while the company expects to appoint an additional director. Focus […]
Tag: finances
Kouroussa misses target commercial production
Hummingbird Resources plc said that the Kouroussa gold mine had achieved commercial production below target due to “lower than expected” mill feed grade. CONSTRAINTS The Guinea project’s four-week trailing average production increased to approximately 1,900 oz, lower than the previously announced target of 2,000-2,500 oz per week. The figure is not expected to ease the […]
Block maintains steady revenue and production
Block Energy plc reported a slight dip in production and marginal increase in revenue for the fourth quarter of operations at its oil and gas assets in Georgia. FINANCES The company’s operations report for the three months ended 31 December 2022 showed revenue of US$1,840,400 (Q3: $1,833,000). Block Energy sold 21.3 Mbbls of oil (Q3: 17.9 Mbbls) for $1,691,400 (Q3: $1,614,000), at a weighted […]