Last 5.13 GBp
Change Today -0.25 / -4.65%
Volume 1.5M
HZM On Other Exchanges
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As of 11:30 AM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

horizonte minerals plc (HZM) Snapshot

Open
5.38 GBp
Previous Close
5.38 GBp
Day High
5.38 GBp
Day Low
5.13 GBp
52 Week High
09/10/13 - 7.75 GBp
52 Week Low
08/29/14 - 5.13 GBp
Market Cap
25.2M
Average Volume 10 Days
78.9K
EPS TTM
-0.0060 GBp
Shares Outstanding
492.4M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for HORIZONTE MINERALS PLC (HZM)

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horizonte minerals plc (HZM) Details

Horizonte Minerals Plc, together with its subsidiaries, is engaged in the identification, acquisition, exploration, and development of precious and base metal properties primarily in Brazil. The company primarily focuses on gold and nickel deposits. It primarily owns a 100% interest in the Araguaia nickel project, which is a nickel laterite exploration/evaluation project located in the Araguaia Fold Belt in the northern state of Para in Brazil. The company is based in London, the United Kingdom.

43 Employees
Last Reported Date: 07/23/14

horizonte minerals plc (HZM) Top Compensated Officers

Chief Executive Officer and Executive Directo...
Total Annual Compensation: 138.0K GBP
Chief Financial officer and Company Secretary
Total Annual Compensation: 99.0K GBP
Compensation as of Fiscal Year 2013.

horizonte minerals plc (HZM) Key Developments

Horizonte Minerals Plc Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Horizonte Minerals Plc reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company’s loss from operations was £352,374 against £471,796 a year ago. Loss before taxation was £392,092 against £509,824 a year ago. Loss for the year from continuing operations was £392,092 against £509,824 a ago. Loss per basic and diluted share from continuing operations attributable to the equity holders of the company were 0.098 pence against 0.139 pence a year ago. Net cash outflow from operating activities was £336,708 against £298,104 a year ago. Net purchase of intangible assets was £606,238 against £1,300,773 a year ago. For the six months, the company’s loss from operations was £227,082 against £822,247 a year ago. Loss before taxation was £304,054 against £893,791 a year ago. Loss for the year from continuing operations was £304,054 against £893,791 a year ago. Loss per basic and diluted share from continuing operations attributable to the equity holders of the company were 0.076 pence against 0.244 pence a year ago. Net cash outflow from operating activities was £590,823 against £702,175 a year ago. Net purchase of intangible assets was £1,105,901 against £2,519,718 a year ago.

Horizonte Minerals plc Announces Pre-Feasibility Study Results at its Araguaia Nickel Project

Horizonte Minerals Plc announced results from the recently completed NI 43-101 compliant Pre-Feasibility Study at its 100%-owned Araguaia Nickel Project located south of the Carajas mining district in northern Brazil. Two operational scenarios were evaluated as part of the PFS which has demonstrated that Araguaia offers flexibility to be developed at multiple scales. company preferred route to production is the smaller Base Case with an after tax NPV8 of USD 519 million and a IRR of 20%, which utilises a single line RKEF process plant running at 900,000 tpa with 15,000t targeted annual production of nickel in Fe-Ni product. The large scale Option offers production upside with an NPV8 of USD 1,204 million and 21% IRR based on 2.7 Mtpa twin line RKEF process plant. The Base Case has been selected as it maximises financial returns whilst minimising both technical risks and capital exposure. The lower capital required is at a level that the Company has the ability to finance and is more in line with current market trends. In addition there is considerable upside should company choose to add an extra process line to produce more nickel in the future. The project economics are robust with the average feed grade for the first 10 years of 1.76% Ni placing the deposit in the upper quartile for grade globally. The Option demonstrates that the project is also viable at a much larger production capacity should the company bring in a partner to develop the project.

Horizonte Minerals Plc Reports Group and Parent Financial Results for the Year Ended December 31, 2013

Horizonte Minerals Plc reported group and parent financial results for the year ended December 31, 2013. Operating loss was GBP 2,595,534 against GBP 2,388,557 a year ago. Loss before taxation was GBP 2,713,221 against GBP 2,489,481 a year ago. Loss for the year from continuing operations was GBP 2,713,221 against GBP 2,489,481 a year ago. Total comprehensive loss for the year attributable to equity holders of the company was GBP 7,012,570 against GBP 5,583,866 a year ago. Loss per share from continuing operations attributable to the equity holders of the company was 0.709 pence against 0.762 pence a year ago. Net cash used in operating activities was GBP 1,640,294 against GBP 1,990,263 a year ago. Purchase of intangible assets was GBP 4,199,863 against GBP 2,848,040 a year ago. Purchase of property, plant and equipment was GBP 100,037 against GBP 102,672 a year ago. For the period, the parent company reported net cash used in operating activities of GBP 150,602 against GBP 534,547 a year ago. Purchase of property, plant and equipment was GBP 2,550 against GBP 1,599 a year ago.

 

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