Landore Resources (LON:LND) reports a loss of £732,975 for the six months to the end of June – down from £1,180,977 last time.
The group says the results were in line with expectations and substantial savings have been made in relation to administration costs which included a non-cash charge of £245,864 relating to the grant of share options. Exploration costs were £250,108 (2015: £466,518).
During the period £1,228,831 (2015: £nil) was raised from the issue of shares. In addition the sale of the Root Lake project, which completed on 11 July 2016, raised a total of approximately C$330,000 (approximately £196,000).
As a result, the group has been able to fund and make plans for follow up drilling in October 2016.
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Condor Gold (LON:CNR) has granted 1.74 million share options under the company’s existing share options scheme to directors and other staff.
The options have an exercise price of 80 pence, representing the 30 day VWAP of the shares. They can be exercised for a period of 5 years from the grant date, with the restriction that no options can be exercised within 12 months of the grant date, only up to 50% of the said options can be exercised in the following 12 months and thereafter 100% of the said options can be exercised, provided that the grantee remains with the company.
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The sector’s biggest risers were Sirius Minerals (LON:SXX) and Chaarat Gold (LON:CGH) – up by more than 13.3% and over 5.7% respectively in late trading. The biggest fallers were Zincox (LON:ZOX) and Diamondcorp (LON:DCP) – down by30% and more than 13.9% respectively.
(LON:BEM) Beowulf Mining PLC share price was 0p at 4.25p
(LON:BKY) Berkeley Energia Ltd share price was -0.75p at 47.75p
(LON:CEY) Centamin PLC share price was -0.2p at 147.7p
(LON:CGH) Chaarat Gold Holdings Ltd share price was +0.33p at 5.95p
(LON:CHL) Churchill Mining PLC share price was +0.5p at 30.25p
(LON:CNR) Condor Gold PLC share price was -0.5p at 67.5p
(LON:CZA) Coal of Africa Ltd share price was -0.07p at 3.18p
(LON:FDI) Firestone Diamonds PLC share price was 0p at 52.25p
(LON:FRES) Fresnillo PLC share price was -3p at 1773p
(LON:GEMD) Gem Diamonds Ltd share price was +3p at 121p
(LON:HOC) Hochschild Mining PLC share price was -1.2p at 283p
(LON:KMR) Kenmare Resources PLC share price was -4.37p at 309.13p
(LON:LND) Landore Resources Ltd share price was -0.28p at 3.68p
(LON:SXX) Sirius Minerals PLC share price was +3.75p at 33.75p
(LON:VED) Vedanta Resources PLC share price was +8.5p at 564.5p
(LON:ZOX) ZincOx Resources PLC share price was -0.15p at 0.35p
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