Xtract Resources rejigs terms of SEDA loan
Xtract has modified the terms of a loan with YA Global Masetr from 2013
Company
Xtract Resources PLC
LON:XTR
Xtract Resources (AIM: XTR) is a resource, development and mining company whose focus is and will be to acquire brown field resource projects with a view to release value for its shareholders. The projects targeted will be in regions where mining and infrastructure is prevalent and the mining regulations transparent.
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ValiRx and Faron highlight different sides of pharma funding
Some the largest rises and fall at 3pm: ValiRx, Faron, Jersey Oil
Xtract Resources' Manica project robust and relatively simple, study concludes
“We are already working on reducing capital numbers and introducing practical engineering to further reduce risk and enhance project financial parameters."
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Proactive weekly mining report - Thor, European Metals, Landore Resources and others
A recap of the week just gone in the mining sector
Xtract Resources signs up for near-term cash flow from alluvial gold production
Xtract has signed a deal to reactivate alluvial mining at the Manica gold deposit, and secure much needed cash flow in the process
URU Metals keen to join lithium wave
Biggest share price risers and fallers at 10.am: Anglo African, EG Solutions, Tanfield Group
Xtract Resources shines after Aurioch settlement
Some of the biggest risers and fallers in London at 3.15pm: Xtract Resources, CyanConnode, Wishbone Gold, Victoria Oil & Gas, Thomas Cook, Baron Oil
Successful product launches sees MySQUAR shares rocket
MySQUAR has launched a new game as well as an internet-based telephone app today
Archive
Proactive news round-up: Westminster Group, Seeing Machines, BATM Advanced Communications ...
A glance at some of the stories on the Proactive newswire today
Chairman backs Xtract's premium price fund raise
Xtract is focused on its Manica development in Mozambique
Proactive news highlights - Premier Oil, Chagala Group, , Alecto Minerals and Kromek Group
A look st some of Proactive's featured news stories on the day
Xtract Resources boosted by Manica study
Consultant Minxcon was appointed to complete optimisation modelling
GCM Resources up as it confirms confidence on Bangladesh project
A look at some of the significant movers in early deals
Investments and investor services
FTSE 100 stocks end higher thanks to miners and construction
FTSE 100 stocks ended higher on Thursday thanks to miners and the construction sector, while the laggards included venerable British names Royal Mail and Rolls Royce
Proactive news summary: Sirius Minerals stands out on big day for funding
Also covered: Blur, Eckoh, Eurasia, FairFX, H&T, Rosslyn, KrisEnergy, Sierra Rutile, Tern, ValiRx, Xtract Resources
Risers and fallers: Inmarsat, Highland Gold, Blur
Inmarsat heads higher as third quarter revenues pick up
Xtract Resources strikes new funding for working capital
It has struck a subscription deal and equity swap agreement with investor YA II EQ, Ltd
Salmon appeal ruling boosts AquaBounty
Despite helpful foreign exchange rate movements, the defence firm Cobham said full-year performance would be lower than management had been expecting
Risers and fallers: Seeing Machines, Newmark Security, Ferrum Crescent...
Seeing Machines shares rocketed after the company announced its new FOVIO chip is being adapted for use in semi-autonomous vehicles
Xtract Resources pulls plug on Chepica mine
Xtract will not make any future option payments and will relinquish its option and mining rights at Chepica on 15 October
Xtract Resources names Bird executive chairman
He was previously non-executive director and the move is with immediate effect, the mining firm said. .
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Proactive mining highlights: Armadale, Blackham, Evraz, Jubilee, Metal Tiger and Sirius
Weekly round up of the mining headlines from the world of Proactive.
Asiamet and Capital Drilling in focus as mining sector remains in spotlight
There was more positivity from the mining sector on Wednesday with drilling updates, financial results statements and analyst commentary.
Risers & Fallers: Imaginatik, Ovoca, Paragon Entertainment, Shanta, Symphony International, W Resources
It was a good day for gold plays Ovoca Gold and Shanta Gold
Xtract Resources awaits down payment for Manica asset sale
Talks are ongoing with the buyer of Manica as well as the Auroch Minerals, the company Xtract acquired the asset from last year.
London mid-caps climb above Brexit levels for the first time in a month
It took a month, but London’s midcaps have climbed above their Brexit levels for the first time as shares closed higher on Wednesday while top AIM stocks hit their highest levels of the year
FTSE 100 Index pares gains as pound rises on UK job news
The FTSE 100 Index lost hold of earlier gains of around 30 points to stand 10.16 points ahead at 6707.53
Investments and investor services
FTSE 100 Index rises despite mining woe
The FTSE 100 Index was 30.59 points to the good at 6727.96 while the FTSE 250 also rose
Risers and fallers, including Anglo American, IronRidge Resources and Firestone Diamonds
A loom at some early risers and fallers in London on Wednesday.
Xtract Resources brings in £1mln for Chepica upgrade; updates on Manica
A deal was agreed to sell Manica in May for US$17.5mln
Xtract Resources updates on Manica gold project sale
Due diligence is progressing well, Xtract says, and the buyers so far see no reason not to conclude the deal.
Xtract looks for new opportunities following Manica sale
Xtract agreed to sell Manica in May, less than a year after it acquired the asset in Mozambique.
WEEKLY GOLD: Gold continues to ease as traders become bearish
Gold didn’t have a good week as it saw its biggest decline in more than two months, while bearish traders continue to come out of the woodwork
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Proactive mining highlights: Asiamet, Bacanora, Condor Gold, Gemfields, Sable, Sirius and more...
The weekly round up of news and updates from the mining sector.
Proactive news highlights: Advanced Oncotherapy, Faron Pharmaceuticals, Haydale Graphene and more
Xtract Resources sells its Manic gold project, Westminster Group receives a letter of intenet from a Middle East airport and Tern is to buy a cloud management software provider.
Xtract Resources flips Manica asset for US$17.5mln cash
Sale price is 40% more than Xtract paid less than a year ago
Xtract's Manica upgrade underscores recent progress
The new estimate saw the total resource at Manica raised by 36% to 1.257mln ounces compared to a previous estimate
Stocks slide as higher US oil stockpiles eclipse positive industry updates
Small-caps outperformed the FTSE 100 Index, which was seven points adrift at lunchtime
Risers and Fallers: IRG, MTI Wireless Edge, Northcote Energy, Ten Alps, Waterman, Xtract Resources
Major share price risers and fallers in London at 4.00pm
FTSE 100 slides but Aim stocks make progress
Africa-focused stocks were to be found at opposite ends of the greasy pole
Xtract hails 36% increase in Manica gold resource
Xtract Resources declared itself "very pleased" with the latest resource estimate for its Manica gold project...
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Proactive mining highlights: Aureus, Botswan Diamonds, Gemfields, Tembo Gold, Red Rock...
The weekly wrap up of small cap mining news from Proactive.
Xtract Resources PLC mining record amounts at Chepica
”We have opened up reef development on 5, 6 and 7 level and stoping has commenced on 6 level,” said Jan Nelson, chief executive.
Risers and Fallers: Tejori, Conroy Gold, Randgold...
Major share price risers and fallers in London at 4pm
PREVIEW: What’s in store for Sainsbury's?
Sainsbury's is the next of the 'Big Four' supermarkets to reveal its financial results.
Xtract Resources in talks over new payment schedule at Chepica
A payment of US$385,000 was due last month but this has been deferred while revised terms are being negotiated.
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Proactive news summary: CloudTag, Fox Marble, Metminco, Seeing Machines and more...
A boost for Fox Marble Holdings, Metminco moves in Columbian gold and an exciting update on Seeing Machines' tech.
Archive
Most followed: ECR Minerals PLC, Escher Group Holdings PLC, Fastjet PLC, Keras Resources PLC ...
Other companies covered: Seeing Machines, Telit Communications, Xtract Resources
Xtract Resources PLC says Manica metrics are robust
New in-house estimates have increased the net present value and underlying earnings potential of Xtract Resources PLC’s Manica gold project, it told investors.
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Beaufort Securities Breakfast Alert
Market opening: The FTSE-100 is expected to start this morning's session around 50-points higher. New York: Wall Street ended in the green as robust data on ISM manufacturing and construction spending in the US lifted investor sentiment. Ad
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Proactive news summary: Amur, Aureus, Forbidden, Purecircle and more...
Horse Hill off to the races, Forbidden technologies extends contract and PureCircle doubles earnings.
Xtract Resources gets approval for Manica deal
Terms of the deal have also been amended with US$3mln cash to be paid to vendor Auroch by 1 March
Archive
Mining highlights: W Resources, Bushveld, Hummingbird, North River, Wishbone, Xtract & more
Here’s the news highlights from the mining sector this past week.
Investec questions Antofagasta’s direction
Antofagasta, Coca-Cola HBC, RSA Insurance Group and Paragon are in Thursday's broker spotlight.
Xtract gets green light to re-start Chepica processing
Ore will start to be processed again tomorrow morning (5 February).
Archive
FTSE100 finishes down as Lloyds slashes jobs
FTSE100 continued lower on Wednesday to finish almost 1.5% lower..
Archive
Proactive news summary: Instem, Collagen Solutions, Summit Therapeutics and Chaarat Gold.
Collagen Solutions is to present at a prestigious business event in Scotland, where it will discuss innovation in the life sciences sector.
Shares below 5,900 on Asian and Europe economic woes
The FTSE 100 Index, which was 16 points off in earlier trading, fell below the 5900 level
Lower grades at Chepica hit Xtract's revenues
Mill grades were 40% lower than expected at 1.65 g/t and 8% below the previous quarter.
Archive
Mining highlights: Goldplat, Berkeley Energia, Galantas Gold...
Goldplat got a boost from a new resource statement for its project at its gold recovery operations in South Africa.
Archive
FTSE 100 puts in a late spurt
Sage led the Footsie higher though it did not quite make it back above 6,000.
Archive
Proactive news summary: 7digital, Alliance Pharma, Atlantic Coal, Collagen Solutions, CloudTag ...
Small cap news today from the Proactive Investors universe
Xtract Resources yet to re-start Chepica processing
Two staff died in an accident at the plant in December, which led to its closure for remedial work
Archive
Proactive news summary: Ariana, Allergy Therapeutics, Epistem, Instem, IOG, Kibo, Metal Tiger ...
A round-up of the day's news from the small cap universe
Xtract makes changes at Chepica after deaths
Chile’s Inspector of Mines recommended a number of changes, which had now been carried out said the company.
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Proactive news summary: 88 Energy, African Potash, Avation, Galasys, MySquar, NQ Minerals, Sound ...
Some uplifting news from the energy sector today but sadder news elsewhere from the resources industry
Xtract Resources reports two fatal accidents at Chepica
A second individual died tried to rescue the first from a restricted area
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Shard Market Eye - 2016 Shares to Watch
As the sound of sleigh bells can be heard and the year draws to a close we highlight some stocks to watch in 2016.
Investments and investor services
Proactive news highlights: Berkeley Energia, Acal, Clinigen, ZincOx, Sula Iron & Gold and more
Ferrex, Oilex and Allergy Therapeutics also had news out on Monday
Xtract Resources makes good progress with Chepica development
Jan Nelson, chief executvie, described the progress this quarter as “excellent.”
Investments and investor services
Proactive news highlights: Caledonia Mining, Rambler Metals, Motive Television, Action Hotels...
Independent Oil & Gas, Deltex Medical Group and Avation were also reporting.
Xtract Resources negotiates extensions at Chepica and O'Kiep
Xtract added that Chepica was unaffected by the recent earthquakes in Chile.
Archive
Proactive news highlights: Shanta Gold, SolGold, Xtract Resources, REM, Condor Gold, Teathers...
Life was sweet in the world of the small cap miners today.
Xtract Resources signs deal for alluvial gold production at Manica
Xtract has signed a joint venture to produce an additional 32,000 ounces of gold per year
Investments and investor services
FTSE100 ends higher; Shire may be eyeing new US bid target
A Shire spokesperson said: "We don't comment on rumour/speculation."
Investments and investor services
Proactive news highlights including DekelOil, Ebiquity, Obtala, Mirada, Xtract, Kibo, Orosur...
There were a lot of miners reporting today in the small cap space
Miners lift London shares after upbeat Chinese data
The FTSE 100 Index climbed 60.9 points to 6330 by lunchtime
London market rises but Burberry dents sentiment
The FTSE 100 Index climbed 46.66 points to 6316 following overnight gains in Asia
Xtract Resources gets vendor approval for Manica buy
Completion of the transaction requires necessary approval under the Mozambique Mining Act and change of control
Proactive weekly mining round-up including Asiamet, Gemfields, KEFI, Xtract, Mariana and Metal Tiger
There was a lot of big news from the small cap miners this week...