Metals Exploration plc has issued 1,033,818 new ordinary shares of £0.0001 each, following a warrants exercise at a price of £0.0605 each, for £62,546. TVRs On admission, the company will have 3,226,426,841 ordinary shares in issue, of which 299,385,458 ordinary shares are held in treasury. Metal’s total number of voting rights is therefore 2,927,041,383. The […]
Tag: La India – Nicaragua
Metals on course to assemble La India plant
Metals Exploration plc has unloaded the Rock Creek gold processing plant at a port in Nicaragua, ahead of delivery to the La India gold project site. CONSTRUCTION The plant arrived ahead of schedule and the start of assembly is on course for October 2025. The company said that mine development earthworks, relating to the plant […]
Metals agrees land deal with artisanal miners
Metals Exploration plc has reached an agreement to acquire parcels of land mined by artisanal miners within the La India gold project area in Nicaragua. ENVIRONMENT The company began negotiations in January 2025 with the artisanal miners who were “occupying large portions of the mining area”. “These artisanal miners were legally mining in the area […]
Metals marks ‘record-breaking’ quarter
Metals Exploration plc has doubled its pre-tax cash and increased gold revenue from operations at the Runruno mine in the Philippines. DISCIPLINE The company’s unaudited results for Q2 2025 showed record pre-tax free cash flow of US$47.2 million compared with Q1 2025 of $23.5m. Record gold revenue totalled $70.5m ($48.4m) from a “strong, consistent operational […]
Metals issues 8m new shares
Metals Exploration plc has issued in aggregate 8,108,835 new ordinary shares of £0.0001 each by way of options and warrants exercises, for a total £487,806. TVRs A total of 1,161,555 warrants with an exercise price of £0.0605 each, raised £70,274 and options over 6,947,280 ordinary shares, with an average option price of £0.0602 each, for […]
Metals grants 10.6m share options
Metals Exploration plc has granted options over 10,600,000 new ordinary shares of £0.0001 each in the company to certain directors, under its 2024 long-term incentive plan. AWARDS The recipients are two shareholder-appointed directors who act in the same manner as the independent directors. Chairman Steven Smith was awarded 6.6 million options and non-executive director Rob […]