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Last 1.55 GBp
Change Today 0.00 / 0.00%
Volume 950.4K
MIO On Other Exchanges
Symbol
Exchange
London
Berlin
As of 11:30 AM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

minco plc (MIO) Snapshot

Open
1.55 GBp
Previous Close
1.55 GBp
Day High
1.55 GBp
Day Low
1.55 GBp
52 Week High
07/10/14 - 4.75 GBp
52 Week Low
03/24/15 - 1.02 GBp
Market Cap
7.4M
Average Volume 10 Days
727.4K
EPS TTM
-0.0060 GBp
Shares Outstanding
478.1M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for MINCO PLC (MIO)

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minco plc (MIO) Details

Minco Plc is engaged in the exploration and development of mineral properties in the United Kingdom, Ireland, Canada, and Mexico. It explores for zinc, lead, manganese, silver, and copper deposits, as well as base metals. The company holds interest in North Pennine Orefield located in the northern English counties of Cumbria, Northumberland, and Durham; and Bilbao silver-zinc project in Zacatecas, Mexico. It also holds 100% interest in Lundberg and Woodstock projects located in Central Newfoundland, Canada; 2% net smelter royalty interest in Curraghinalt gold prospect near Omagh, Ireland; and 22% interest in the Tatestown License located adjacent to the Navan orebody in Tatestown, Ireland. The company is based in Dublin, Ireland.

17 Employees
Last Reported Date: 04/30/15

minco plc (MIO) Top Compensated Officers

Executive Chairman, Chief Executive and Membe...
Total Annual Compensation: --
Chief Financial Officer, Company Secretary an...
Total Annual Compensation: $89.0K
Director and President of Buchans Minerals Co...
Total Annual Compensation: $190.0K
Compensation as of Fiscal Year 2014.

minco plc (MIO) Key Developments

Minco plc Reports Operating Results for the Year Ended December 31, 2014

Minco plc reported operating results for the year ended December 31, 2014. During 2014 Minco completed a preliminary economic assessment of its 100% owned Woodstock Manganese Project in New Brunswick, Canada, while continuing exploration drilling on its Buchans zinc-lead project in Newfoundland and at its Pennines zinc-lead project in Northern England. Minco also holds a 20% interest in an Irish prospecting license in joint venture with Tara-Boliden, adjacent to Boliden's large Tara zinc lead mine at Navan, Ireland, and a 2% net smelter royalty in the Curraghinalt gold deposit in Co. Tyrone, Northern Ireland, currently being explored by Dalradian Gold. Minco has four advanced base metal properties in the Buchans area of central Newfoundland, Canada, which contain numerous exploration prospects. During 2014, Minco completed a four hole, 556 metre, exploration drilling program with multiple intersections of massive sulphide mineralization with grades as high as 26.05% combined zinc, copper and lead over 1.45 metres. Minco's 2014 drilling programme was undertaken primarily to assess the potential for discovery of new high-grade massive sulphide, and the results have confirmed that potential which remains open both down-dip to the west and at depth. Positive results were achieved from the 2014 drilling program, including confirming narrow but extensive extensions to the high-grade Lucky Strike deposit as well as extending the Engine House zone at depth to the west, where Minco intersected newly discovered high-grade massive sulphides. Following the positive results of the 2014 drilling, Minco launched an eleven hole, 2,100 metre, exploration drilling programme in April 2015. All holes will target areas where potential exists to discover new high-grade resources. Coming to mineral exploration at northern Pennines, England, between November 2012 and January 2015, Minco drilled a total of 7555 metres in 31 exploration holes, of which 17 successfully intersected mineralisation. Minco's drilling is centered in the vicinity of the village of Nenthead, the most prolific area of past production within the Pennines orefield which covers a total area of 350 square miles. Twenty five holes were sited to explore the Great Limestone horizon and six holes tested the deeper basal geological succession. Minco's drilling has targeted five structures/veins. During 2014, on the Gudhamgill target in Cumbria, Minco drilled a high grade zinc-lead intersection grading 19.55% Zn and 1.93% Pb over 0.40 metres at a depth of 39.60 metres, together with 2.70 metres of zinc mineralisation grading 5.04% Zn at a depth of 91.75 metres, in hole CA-017. A second high-grade zinc intersection grading 10.34%. Zn and 0.97% Pb over 1.00 metres was cut in hole CA-016 associated with narrow breccia hosted `vein' associated with a small hanging-wall fault zone. Hole NW001, which was drilled in late 2014 to explore the Whitewood-Barneycraig-Williams fault/vein structure in Northumberland, intersected three separate mineral sections at relatively shallow depths. In recent drilling, NW002 intersected 8.95 metres of zinc lead mineralisation averaging 3.82% zinc and 1.57% lead, including 5.6m averaging 5.80% zinc plus 2.13% lead, within the Great Limestone. The Barneycraig Fault was intersected at a debt of 230 metres within shales which were mineralised over 1.65 metres with a grade of 9.43% zinc. Above the Great Limestone, the Firestone Sill, a massive sandstone unit, was mineralised over 8.05 metres with a combined zinc/lead grade of 3.41%. The intersection of reasonable widths of lead and zinc mineralization at three different levels in Holes NW001 and NW002 is considered a very positive result and indicates the mineral potential in this large structure which was demonstrated by historic mining to be mineralized over a strike length of 3.5 kilometres. Coming to Woodstock Manganese project, in July 2014, Minco announced the results of the positive Preliminary Economic Assessment ("PEA") of its wholly owned Woodstock electrolytic manganese metal project, located 5 km west of the town of Woodstock and the junction of the Trans Canada and I-95 Highways in west-central New Brunswick, Canada. The PEA's base case indicates a project life of 40 years, based on a 3,000 tonne per day open pit mining, hydrometallurgical and electrowinning operation, with average annual production of approximately 80,000 tonnes (176 million pounds) of electrolytic manganese metal and operating costs anticipated to be the lowest in the world.

Minco plc Announces Drilling at Buchans, Newfoundland, Canada

Minco plc announced an eleven hole, 2,100 metre, exploration drilling programme in Buchans, central Newfoundland, Canada. The drilling program, located immediately south of the former site of the Lucky Strike massive sulphide mine, is expected to take eight weeks to complete and will include a minimum of eight new holes plus deepening of three existing holes. All holes will target areas where potential exists to discover new high-grade resources. Drilling will test for possible extensions to three, stacked, high-grade mineralized horizons, including the Lucky Strike horizon (massive sulphides down dip of the former Lucky Strike orebody), the slightly deeper and locally high-grade Engine House horizon, and the still deeper, fragmental Ore Clast horizon. The drill targets have been selected to follow up on drilling undertaken by Minco in October 2014. Results from that program indicate potential exists for discovery of significant high-grade sulphide mineralization in this area, beneath a shallow, south-dipping fault structure. All proposed holes are located approximately 200 metres south of former Lucky Strike mine workings where Asarco mined 5.6 million tonnes averaging 18.4% Zn, 8.6% Pb, 1.6% Cu, 112 g/t Ag & 1.7 g/t Au, before closing the Buchans mine in 1984. The current program will explore for additional mineralization adjacent to the former Lucky Strike orebody and immediately south of the Company's Lundberg deposit. Drilling by Minco in 2014 returned several impressive intersections from multiple stratigraphic horizons. Compilation and re-logging of historic drill holes by Minco in 2014 also identified significant intercepts within the deeper Ore Clast horizon that will be tested by the 2015 drilling programme. This deeper horizon may represent a faulted repeat of the Lucky Strike horizon and hosts significant historic intercepts of fragmental sulphide mineralization located beneath previous mine workings. Historic intercepts include 5.27 metres assaying 1.98% Cu, 3.27% Pb, 3.43% Zn, 19.46 g/t Ag, 0.48 g/t Au in historic hole H-302 (historic assays), as well as 1.83 metres assaying 0.88% Cu, 1.18% Pb, 5.60% Zn, 92.0 g/t Ag, 8.9 g/t Au, in historic hole H-394 (historic assays).

Minco plc Reports Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Minco Plc reported consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company recorded a gain of $135,000 compared to a loss of $1,117,000 for the same period ended September 30, 2013.  For the nine month, the company incurred a consolidated net loss of $352,000 compared to a loss of $1,873,000 during the same period ended September 30, 2013.

 

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