Katoro Gold plc

OPRA

GB00BSNBL022

Gold

Market Closed - London S.E. Other stock markets 11:35:19 2024-04-30 am EDT			5-day change	1st Jan Change
0.09 ^GBX	-.--%		-.--%	-30.77%

Apr. 17	Katoro Gold shares fall despite Haneti project advancements	AN
Mar. 19	EARNINGS AND TRADING: Pebble doubles dividend despite reduced profit	AN

Katoro Gold annual loss widens on impairments, outlook hopeful

June 09, 2023 at 05:38 am EDT

(Alliance News) - Katoro Gold PLC on Friday said its annual loss widened due to impairments linked to a drilling programme.

The London-based gold and nickel exploration and development company said pretax loss in 2022 widened to GBP1.3 million from GBP1.1 million a year prior.

Katoro Gold attributed the widened loss to an impairment of GBP209,500 as the next phase of the Haneti drill programme was not formalised, meaning related funding was not raised.

Katoro posted no revenue, unchanged from the year prior.

Looking ahead, Katoro said it has "great confidence" in its future prospects, saying it is well-positioned for 2023 and confident that there will be "significant progress and value creation."

Shares in Katoro Gold were down 6.8% at 0.098 pence each in London on Friday morning.

By Sabrina Penty, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Latest news about Katoro Gold plc

Katoro Gold shares fall despite Haneti project advancements	Apr. 17	AN
EARNINGS AND TRADING: Pebble doubles dividend despite reduced profit	Mar. 19	AN
Katoro formally appoints Power Metal CEO as new non-executive chair	Feb. 29	AN
Katoro Gold Appoints New Chairman	Feb. 29	MT
Katoro Gold plc Appoints Sean Wade as Non-Executive Chairman	Feb. 29	CI
Katoro Gold names Power Metal CEO as new chair	Feb. 15	AN
Katoro Gold Proposes Power Metal Resources CEO as New Nonexecutive Chair	Feb. 15	MT
Katoro Gold gets additional financing; raises GBP825,000	Feb. 14	AN
Katoro Gold Secures Additional Shares Subscription in Fundraise	Feb. 14	MT
Katoro Gold launches fundraising, eyes board shake-up	Feb. 12	AN
Mining Group Katoro Gold Raises Capital Via Share Issue	Feb. 12	MT
Katoro Gold to Change Name to Katoro Global Resources	Feb. 12	MT
Katoro Gold Executive Chairman to Step Down	Feb. 12	MT
Katoro Gold plc Announces Stepping Down of Louis Coetzee from Board	Feb. 12	CI
Katoro Gold plc announced that it expects to receive £0.75 million in funding	Feb. 11	CI
Katoro Gold says no proof of payment from Imweru joint venture partner	Jan. 03	AN
Katoro Gold Discloses Lack of Capital Contribution from JV Partner; Shares Drop	Jan. 03	MT
The FTSE 100 Closed Up as UK Retail Sales, Consumer Confidence Data Offers Economic Hope	23-09-22	DJ
Katoro Gold narrows annual loss but cash may run out this month	23-09-22	AN
AIM WINNERS & LOSERS: Mothercare goes global; Katoro Gold needs cash	23-09-22	AN
Katoro Gold plc Reports Earnings Results for the Half Year Ended June 30, 2023	23-09-22	CI
Katoro Gold plc Announces Retirement of Directors	23-06-14	CI
FTSE 100 Closes Down 0.5% Ahead of Rate Decisions, Croda Slips After Profit Warning	23-06-09	DJ
Katoro Gold annual loss widens on impairments, outlook hopeful	23-06-09	AN
Earnings Flash (KAT.L) KATORO GOLD Reports FY22 Loss GBX-0.23	23-06-09	MT

Katoro Gold PLC is a United Kingdom-based precious minerals exploration and development company. The Companyâs projects include Blyvoor Gold, Haneti and The Trans Namibian Mining & Minerals (TNMM) Iron Ore. The Blyvoor Gold Mine is located approximately 75 kilometers (km) southwest of Johannesburg in the Gauteng Province of South Africa. It lies approximately six kilometers south of Carletonville. The Haneti project is located in Tanzania, which comprises tenements (prospecting licences, offers and applications) prospective for nickel, platinum-group-elements and gold. It covers an area of approximately 5,000 square kilometers in central Tanzania and forms a near contiguous project block. The exploration of Haneti is carried out at two priority targets, namely Mihanza Hill and Mwaka Hill. The TNMM Iron Ore project is located in the Karas region of Namibia. The project comprises four farms owned by TNMM, known as Naruchas, Kanubeb Wes, Kanubeb Oos and Kanubeb.

Sector

Gold

Calendar

2024-05-22 - Q4 2023 Earnings Release (Projected)

More about the company

Income Statement Evolution

More financial data

Sector Other Gold

	1st Jan change	Capi.
KATORO GOLD PLC	-30.77%	1.8M
FRANCO-NEVADA CORPORATION	+12.92%	23.75B
GOLD FIELDS LIMITED	+11.85%	16.12B
ZHONGJIN GOLD CORP.,LTD	+31.73%	8.93B
HARMONY GOLD MINING COMPANY LIMITED	+37.90%	5.72B
EVOLUTION MINING LIMITED	-1.14%	5.37B
ENDEAVOUR MINING PLC	-3.36%	5.36B
TRIPLE FLAG PRECIOUS METALS CORP.	+25.85%	3.34B
PT ANEKA TAMBANG TBK	-3.81%	2.39B
KOZA ALTIN ISLETMELERI	+19.10%	2.36B