Metals Exploration plc has issued 12,773,206 new ordinary shares of £0.0001 each, following notice to exercise options with a weighted average exercise price of £0.0733 each, for a total £936,435.29. TVRs Following admission, the company will have 3,240,242,138 ordinary shares in issue, of which 299,385,458 ordinary shares are held in treasury. The total number of […]
Tag: Runruno gold mine – Philippines
Metals wins PMIEA mining award for fourth year
Metals Exploration plc has won one of the Philippines’ highest government mining awards for the fourth consecutive year. CONTRIBUTION The company, which owns the Runruno gold mine and Abra exploration project, received the Presidential Mineral Industry Environmental Award (PMIEA) in the surface mining operation category 2025. One of its employees, Joshua Ambojnon, won Best Safety […]
Metals issues 868,410 new shares
Metals Exploration plc has issued 868,410 new ordinary shares of £0.0001 each after an options exercise, at £0.0829 per each new ordinary share, for an aggregate £71,991. TVRs The company additionally announced that non-executive director Andrew Chubb has bought 331,453 ordinary shares, each at a price of £0.149. Mr Chubb’s now has an interest in 4,996,354 […]
Metals issues one million new shares
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 […]
Metals pauses Runruno due to cyanide pollution
Metals Exploration plc said that cynanide contamination has temporarily halted ore processing and production for six weeks at its Runruno gold mine in the Philippines. TUNNELS The company first thought that the contamination originated in water upstream of the mine from illegal mining activity. However, after draining and cleaning the BIOX circuit and inoculting new […]
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 […]