EARNINGS AND TRADING: IMC Exploration and Amigo Resources losses widen
The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:
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IMC Exploration Group PLC - Ireland and Armenia-focused gold and silver exploration and mining company - Reports pretax loss of EUR1.3 million for the six months to June 30, compared with a loss of EUR599,029 for the six months to December 31, 2025. Revenue rose to EUR240,000 from EUR32,000. Says approximately 15,000 tonnes of ore held in inventory are being prepared for processing in the third and fourth quarters of 2026, with potential to yield up to 20kg of gold and 45kg of silver. Preparations for underground mining at its Karaberd project in Armenia are underway.
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Amigo Resources PLC - Tanzania-focused gold explorer - Reports pretax loss of USD2.4 million for the four months to July 31, widens from USD56,000. Says revenue was USD70,000, compared with none previously. Says exploration expenditure was USD261,000 from none reported, while administrative expenses rose to USD2.0 million from USD56,000. Says its Kabete gold project in Tanzania has received its mineral licences, allowing on-site exploration and operational work to begin. Processing centre licences have also been granted for the Kabete and Mojimoto gold projects.
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Sylvania Platinum - Bermuda-registered platinum group metals producer and chrome producer and developer, with operations in South Africa - Says adjusted net profit in the first quarter period ended September 30 was USD18.4 million, up 42% from USD12.9 million the fourth quarter in financial 2026. Net revenue USD62.9 million, rising 30% from USD48.5 million quarter-on-quarter. While adjusted group earnings before interest, tax, depreciation and amortisation was USD24.7 million, up 47% from USD16.9 million. Says production rose 8.8% to 25,971 ounces of platinum group metals, from 23,868 4E PGM ounces. The company says, "Overall, [the first quarter] represents a strong start to the new financial year for the Sylvania Dump operations, with improved PGM production, continued cost discipline and a sustained focus on operational reliability and efficiency. While individual operations experienced minor challenges, the underlying strength and resilience of the business remain evident, providing a solid foundation for continued performance throughout [financial 2027]."
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Synergia Energy Ltd - Australia-based oil and gas company focused on projects in India and the UK - Swings to a pretax loss of AUD10.8 million, or USD7.6 million, for the financial year ended June 30, from a profit of AUD5.0 million a year earlier. Says revenue rose to AUD1.1 million from AUD292,179. Synergia incurs a AUD6.9 million impairment charge on Cambay drilling costs owed by subsidiary Selan, compared with none a year earlier. Reports no gain on disposal of joint venture participating interest, compared with a gain of AUD8.4 million during financial 2025. Cost of sales increases to AUD607,461 from AUD523,659. Synergia says it is focused on maximising value from its 50% interest in the Cambay production sharing contract in India.
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Tomahawk Metals PLC - Western Australia- and Slovakia-focused natural resources company - Records pretax loss of £3.2 million for the year ended April 30, widens from a loss of £281,414 the previous year. Reports no revenue, following its transition away from former media, events and sponsorship activities towards natural resources in April through the securing options over gold and antimony assets in Slovakia and the Saturn Gold Project in Western Australia. Operating loss widens 29% to £348,033 from £269,811. Records a £2.8 million non-cash impairment charge against intangible assets. Says its objective is to build a focused natural resources company through the acquisition, exploration and development of precious and critical mineral assets, entering financial 2027 with a "fundamentally different strategy".
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NeoTerra Group PLC - Africa-focused critical minerals exploration and development company - Says pretax loss widens 4.1% to £982,000 for the financial year ended June 30, from a loss of £943,000 a year earlier. Reports no revenue, unchanged as the company remains in the exploration and development phase. Operating loss widens 3.7% to £887,000 from £855,000. Says priorities for financial 2027 include completing the Monte Muambe fluorspar mine scoping study and permitting, advancing the US-funded rare earths pre-feasibility study, establishing viable recovery routes for gallium and heavy rare earths, and progressing the project towards production.
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