Last 0.51 GBp
Change Today +0.025 / 5.15%
Volume 2.3M
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As of 6:00 AM 03/4/15 All times are local (Market data is delayed by at least 15 minutes).

sovereign mines of africa pl (SMA) Snapshot

0.49 GBp
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0.49 GBp
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0.51 GBp
Day Low
0.49 GBp
52 Week High
09/30/14 - 2.35 GBp
52 Week Low
12/17/14 - 0.48 GBp
Market Cap
Average Volume 10 Days
-0.0012 GBp
Shares Outstanding
Dividend Yield

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sovereign mines of africa pl (SMA) Details

Sovereign Mines of Africa Plc, a mineral exploration company, engages in the exploration of gold concessions primarily in the Republic of Guinea, West Africa. Its flagship project is the Mandiana-Magana gold project covering an area of approximately 127 square kilometers in Mandiana Province, northeast Guinea. The company was founded in 2010 and is based in London, the United Kingdom.

19 Employees
Last Reported Date: 05/31/14
Founded in 2010

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sovereign mines of africa pl (SMA) Key Developments

Sovereign Mines of Africa plc Announces Assay Results of Eight Reverse Circulation Drill Holes from the Mandiana Gold Project in the Republic of Guinea

Sovereign Mines of Africa PLC announced the assay results of eight Reverse Circulation (RC) drill holes from the Mandiana gold project in the Republic of Guinea. In the Yagbelen Zone, one drill hole, RCY_93_3, intersected a high-grade quartz-vein cutting an interval of four metres averaging 18g/t gold from 87 metres and a second hole, RCY_95_3, cut a broad zone of 27 metres averaging 1.46g/t gold from 43 metres. Samples from the RC drill holes concerned were in storage at the company's camp at Mandiana, having been drilled as part of the Phase III drilling campaign, but were not assayed as they were not necessary to support the independent estimate of the maiden resource announced in October 2013. Given that operations on the ground will not continue until the risk from the ebola virus in West Africa has passed the Company decided that now would be an appropriate time to have them assayed.

Sovereign Mines of Africa PLC Reports Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2014

Sovereign Mines Of Africa PLC reported unaudited consolidated earnings results for the six months ended June 30, 2014. For the period, the company reported loss on ordinary activities before taxation of £84,739 against £697,158 a year ago. Loss and total comprehensive loss attributable to owners of the parent was £84,739 or 0.03 pence per basic and diluted share against £697,158 or 0.30 pence per basic and diluted share a year ago. Net cash outflow from operating activities was £35,264 against £149,406 a year ago. Purchase of intangible fixed assets was £226,638 against £1,098,710 a year ago.

Sovereign Mines of Africa PLC Announces the Retirement of John Prochnau as Non-Executive Director

Sovereign Mines of Africa PLC announced that John Prochnau a Non-Executive Director of the company retired as a director of the company at the company's AGM on June 26, 2014.


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