AIM WINNERS & LOSERS: Condor Gold La India study disappoints – Morningstar

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(Alliance News) – The following stocks are the leading risers and fallers on AIM in London on Wednesday.
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AIM – WINNERS
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RWS Holdings PLC, up 13% at 311.67 pence, 12-month range 254.80p-664.50p. Says trading for the financial year that ended on September 30 was in line with market expectations, with revenue estimated to have grown by about 8%. “This increase reflects solid growth in Language Services and accelerated growth in Language & Content Technology, despite the faster-than-anticipated transition towards SaaS revenues. The IP Services division has traded in line with previous guidance,” the technology-enabled language services provider says.
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AIM – LOSERS
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Condor Gold PLC, down 11% at 22.81 pence, 12-month range 20.45p-40.50p. Says feasibility study for La India project, in Nicaragua, shows probable mineral reserves of 7.3 million tonnes at 2.56 grammes per tonne gold. Production is seen at 81,545 ounces per annum for first 6 years. Plans to “materially expand production” at the project with a stage 2 expansion and is working to convert existing mineral resources into mineral reserve. Expects low initial capital requirement of USD105.5 million and notes study shows life of mine all-in sustaining cash costs at USD1,039 per ounce. At a price of USD1,600 per ounce of gold, mine holds internal rate of return of 23% and net present value of USD86.9 million.
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By Paul McGowan; paulmcgowan@alliancenews.com
Copyright 2022 Alliance News Limited. All Rights Reserved.
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