Eurasia Mining (EUA)

Sector:

Mining

Index:

FTSE AIM All-Share

2.23p
   
  • Change Today:
      0.025p
  • 52 Week High: 3.80
  • 52 Week Low: 1.35
  • Currency: UK Pounds
  • Shares Issued: 2,864.56m
  • Volume: 4,082,190
  • Market Cap: £63.74m
  • RiskGrade: 767

Eurasia Mining records platinum grades 'considerably higher' than expected

By Iain Gilbert

Date: Thursday 10 May 2018

LONDON (ShareCast) - (Sharecast News) - Gold production company Eurasia Mining has recorded several successive days of near full capacity operations at its West Kytlim mine following a general thaw at the start of the month.
West Kytlim, the second largest alluvial platinum mine in the world, has returned grades in its platinum bearing gravels "considerably higher" than had been expected, with the firm increasing its initial production figures as a result.

The AIM-quoted outfit produced a total of 4.6 kg of raw platinum between the 3rd and 9th of May, 1.3kg of which was produced in a single day, representing a volume its directors believe "could be possible" to maintain moving forward.

Christian Schaffalitzky, Eurasia's executive chairman, said, "The directors believe that the 4.6kg produced over the first 6 days is remarkable considering the total production of just 6kg by our previous contractor in the 2017 mining season."

"Grades seem to be consistently and considerably higher than we had calculated, and the machinery operating very efficiently in terms of costs, ore volumes and precious metal recovery. We may look forward to more continuous production updates from site in the coming mining season," Schaffalitzky added.

Separately, Eurasia raised gross proceeds of £500,000 through the placing of 166.66m new ordinary shares of 0.3p, with a 1 for 1 attached warrant exercisable at 0.6p, £300,000 of which was set to be used to reduce its loan from Riverfort Global to a balance of £440,000.

As of 1200 BST, Eurasia shares had grown 8.24% to 0.46p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Eurasia Mining Market Data

Currency UK Pounds
Share Price 2.23p
Change Today 0.025p
% Change 1.14 %
52 Week High 3.80
52 Week Low 1.35
Volume 4,082,190
Shares Issued 2,864.56m
Market Cap £63.74m
RiskGrade 767

Eurasia Mining Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
34.16% below the market average34.16% below the market average34.16% below the market average34.16% below the market average34.16% below the market average
31.75% below the sector average31.75% below the sector average31.75% below the sector average31.75% below the sector average31.75% below the sector average
Price Trend
16.12% below the market average16.12% below the market average16.12% below the market average16.12% below the market average16.12% below the market average
16.79% above the sector average16.79% above the sector average16.79% above the sector average16.79% above the sector average16.79% above the sector average
Income Not Available
Growth
68.84% above the market average68.84% above the market average68.84% above the market average68.84% above the market average68.84% above the market average
79.66% above the sector average79.66% above the sector average79.66% above the sector average79.66% above the sector average79.66% above the sector average

Eurasia Mining Dividends

No dividends found

Trades for 31-Oct-2024

Time Volume / Share Price
16:08 3,260 @ 2.27p
15:53 60,255 @ 2.27p
15:50 16,000 @ 2.27p
15:47 250,000 @ 2.22p
15:40 43,526 @ 2.27p

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