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The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:
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Solid State PLC - Worcestershire, England-based computing products manufacturer - Expects revenue for six months that ended September 30 to reach around £59.0 million, up 51% from £39.0 million the year before. Says it has seen a "significant revenue benefit in the first half from the strength of the US Dollar". Adjusted pretax profit is expected to be around £5.0 million, up 52% from £3.3 million. Looking ahead, Solid State says it expects to exceed current revenue expectations being £117.3 million, and be marginally ahead of the adjusted pretax profit guidance of £9.4 million for financial 2023. Previously revenue was forecasted at £108 million and adjusted pretax profit at £9.2 million.
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Thor Mining PLC - Australia-focused exploration and development company - Completes the 2,000 metre reverse circulation drilling programme at the Ragged Range project in the eastern Pilbara in Western Australia. Says six holes tested at Kelly's Ridge showed up to 15.5 grams of gold per tonne, and 535 grams of silver per tonne. Managing Director Nicole Galloway says: "The program was designed to follow up on prospective rock chip samples, including a high-grade, historic drill intercept. We look forward to reporting the results of the program in due course."
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Bens Creek Group PLC - operates metallurgical coal mine in US state of West Virginia - Says highwall miner has been moved into position on the new permitted area following an announcement on September 22. Also confirms that mining has started on the new permit area. Chief Executive Officer Adam Wilson says: "This is a landmark occasion moving operations onto the new larger permit area, which can support two highwall miners, will enable us to increase production levels and meet our operational targets."
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Shanta Gold Ltd - Guernsey-based east Africa-focused gold producer, developer and explorer - Gold production increases by 11% during the third quarter that ended on September 30 to 19,532 ounces from 17,527 ounces in the previous quarter. Says 2022 production is expected to achieve the low end of the 68,000 to 76,000 ounce guidance range. Earnings before interest, tax, depreciation and amortisation amount to $10.9 million, down from $11.9 million in the previous quarter. "In addition to this, drilling at West Kenya and construction work at Singida are both progressing well, and we remain on track for first gold pour at Singida in March 2023", Chief Executive Officer Eric Zurrin says.
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