Detail akcie Metals Exploration online

Business Summary: Metals Exploration Plc is a United Kingdom-based gold producer. The principal activity of the Company is to identify, acquire, explore and develop mining and processing projects, mining companies, businesses or opportunities with particular emphasis on precious and base metals mining opportunities in the Philippines. The Company is focused on operating the Runruno gold and molybdenum mine 250 kilometers north of Manila in the mineral-rich Nueva Viscaya province. Its geographical segments include the United Kingdom, Philippines and Singapore. It is the owner of the Runruno Gold Project located in the Northern Philippines. The project lies immediately downstream from the village of Runruno. Runruno is located approximately 205 kilometers (km) north of Manila in the mineral-rich province of Nueva Viscaya. The Runruno project comprises one granted Exploration Permit (EP-II-13). The Company’s subsidiaries include Metals Exploration Pte, FCF Minerals Corporation and MTL Philippines, Inc.
Financial Summary: BRIEF: For the six months ended 30 June 2024, Metals Exploration Plc revenues increased 2% to $91.1M. Net income increased 58% to $58.5M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income benefited from Impairment reversal increase from $8.8M to $49.7M (income), Net finance and other costs decrease of 76% to $697K (expense).