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GoldMining Advances Preliminary Economic Assessments and Updates Mineral Resource Estimates on Key Properties
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GoldMining Reports New Mineral Resource Estimates for Titiribi and La Mina Projects, Colombia
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In 2020, the Company and its subsidiaries (together the ?Group?) recorded;
Revenues of $75,403,000 (2019: $82,267,000);
Operating profit of $15,148,000 (2019: $14,225,000);
Profit before tax of $14,515,000 (2019: $11,712,000);
Profit after tax of $8,910,000 (2019: $6,084,000); and
Basic earnings per share of 5.16 cents per share (2019: 3.52 cents).
Despite interruptions to operations in the first quarter of 2020 with restrictions imposed by the Chinese authorities to contain the Covid-19 pandemic, the Group recorded a 6.5% increase in operating profits on that recorded in 2019, primarily as a result of higher zinc metal prices received and reduced costs.
Turnover of $75,403,000 was down $6,864,000 (8.3%) on that achieved in 2019 of $82,267,000. This reflects zinc in concentrate sales down $2,532,000 (4.6%) with 5,535 tonnes (14.6%) less zinc in concentrate sold at average prices of $174 per tonne (11.8%) higher than in 2019, as the Group benefited from rising market prices and
Why the First Quarter of 2021 Has Been Promising for Lithium Market
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PALM BEACH, Fla., April 27, 2021 /PRNewswire/ The first few months of the year have been bright for the lithium market, with interest in battery metals increasing as electric vehicles (EVs) take over news headlines around the world. Despite the volatility brought by the coronavirus pandemic to every market, lithium has shown resilience and prices performed on an uptrend during the first quarter. At the end of last year, the trend of declining lithium prices seemed to be coming to an end, with analysts predicting a better price environment ahead. When the year kicked off, Benchmark Mineral Intelligence was already expecting the lithium market to come into tightness in 2021. They said: But the speed of price increases in Q1 2021 was beyond expectation, with prices for lithium carbonate having nearly doubled in price since the beg
EV Battery Industry Becoming One of the Fastest Expanding Markets Creating Boon for Lithium Miners
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PALM BEACH, Fla., April 13, 2021 /PRNewswire/ Today, with the increasing concerns raised over the environmental impact of conventional vehicles, governments around the world are encouraging the adoption of vehicles using alternative sources of fuel. EVs are zero-emission vehicles and are gaining preference for clean public transport across countries. Several national governments offer financial incentives, such as tax exemptions and rebates, subsidies, reduced parking/toll fees for EVs, and free charging, to encourage the adoption of EVs. Thus, globally the requirement of EV battery is gaining fast pace. Lithium-ion batteries are the most common battery type used in modern electric vehicles. These batteries have higher energy density compared to lead-acid or nickel-metal hydride batteries. Their compact s
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