Amur Minerals (AMC)

Business description

Amur Minerals is an exploration and development company focused on base metal projects in Russia’s far east. The company’s principal asset is the Kun-Manie nickel sulphide deposit in the Amur Oblast, comprising almost 1Mt of contained nickel equivalent in at least five deposits.

Recovery abounds

Update | Mining | 07/03/2017

On 10 February, Amur announced a 50kt (or 6.8%) headline increase in contained resource nickel tonnes, but a 214kt (or 41.7%) underlying increase (ie at a constant cut-off grade). This follows the January announcement of metallurgical test results by Gipronickel on a c half tonne sample of ore from Maly Kurumkon-Flangovy. Over seven metals, average recoveries were 13.0% higher than those derived from earlier bench-scale tests. The results represent the first production-scale test work from the Kun-Manie licence area and, owing to their larger size, are expected to be more reflective of actual production processes.

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Stock data

Market cap.£43.8m
Last close7.350p
High / Low (52 weeks)15.2p / 2.4p
Stock market listingLN
Forecast net cash (US$m)9.3
Forecast gearing ratio (%)N/A
TeamResources - Mining
SectorMining

Price performance

%1m3m12m
Actual(6.6)(38.8)48.5
Relative *(6.7)(40)29.4

* % Relative to local index

Company news

Amur Minerals

Tue, 29 Nov 2016 10:52:30 GMT

Amur Minerals

Mon, 05 Sep 2016 12:30:24 GMT

Amur Minerals

Mon, 13 Mar 2017 09:28:15 GMT

Amur Minerals

Fri, 04 Nov 2016 11:07:20 GMT

Amur Minerals

Mon, 24 Oct 2016 09:57:12 GMT