IN BRIEF: Losses balloon at Anglesey Mining on rising costs

Anglesey Mining PLC - mining company with interests in projects in Wales, Sweden and Canada - ...

Alliance News 12 November, 2021 | 9:15PM
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Anglesey Mining PLC - mining company with interests in projects in Wales, Sweden and Canada - Posts pretax loss for the first half ended September 30 of GBP298,000, widened from GBP153,000 a year before. Bottom line is hurt by rising expenses at GBP215,000, from GBP68,000.

"We believe that the ongoing strong fundamentals that have driven commodity prices upwards will continue for the foreseeable future and will provide solid support for our projects. All in all, we are confident of the way forward and positive on the outlook for Anglesey Mining for the remainder of 2021 and 2022," says Chair John Kearney.

Current stock price: 3.73 pence

Year-to-date change: down 43%

By Will Paige; willpaige@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Anglesey Mining PLC 3.55 GBX 0.00 -

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