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Pembridge Resources jumps by a third after positive Minto mine report
A look at the major movers on the London market on Wednesday
Shares in Pembridge Resources PLC (LON:PERE) have soared after a positive update on the Minto mine in the Yukon, Canada.
A report by JDS Engineering on the copper, gold and silver mine - where Pembridge has an investment in the operator - indicated its expected life had doubled to 8 years.
Total resources have been increased from 22.5mln tonnes to 24,1mln tonnes, with average annual production of 38mln pounds of copper. Average annual earnings are expected to exceed US$40mln from 2021 to 2025.
12 May 2021 | 08:02am
StockMarketWire.com - Motoring services group Redde Northgate upgraded its annual profit guidance following a strong second-half sales performance.
Underlying pre-tax profit for the year through April was now expected to be moderately above the top end of the current range of analyst estimates, and not less than £92 million.
Underlying revenue, excluding vehicle sales, had risen around 51% year-on-year, with total revenue including vehicle sales up 43%.
Redde Northgate said revenue was boosted by the inclusion of Redde since the merger in February last year. The second half of the year has delivered a strong set of results, chief executive Martin Ward said.
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