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Metals Exploration ( (GB:MTL) ) has issued an announcement.
Metals Exploration PLC announced a six-week deferral of gold production at its Runruno site due to cyanide contamination impacting the BIOX circuit, caused by illegal mining activities. Despite the temporary halt, the company expects to meet its FY2025 production forecast, albeit at the lower end of the range, and has implemented new monitoring protocols to prevent future issues.
The most recent analyst rating on (GB:MTL) stock is a Hold with a £13.50 price target. To see the full list of analyst forecasts on Metals Exploration stock, see the GB:MTL Stock Forecast page.
Spark’s Take on GB:MTL Stock
According to Spark, TipRanks’ AI Analyst, GB:MTL is a Neutral.
Metals Exploration’s strong financial performance, characterized by significant revenue growth and improved profitability metrics, is the most significant factor driving the stock score. Technical analysis presents mixed signals, with some indicators suggesting potential upward momentum. The valuation is moderate, with a reasonable P/E ratio but no dividend yield. The absence of earnings call data and notable corporate events means these factors do not influence the score.
To see Spark’s full report on GB:MTL stock, click here.
More about Metals Exploration
Metals Exploration PLC is a gold production, exploration, and development company with assets in the Philippines and Nicaragua, focusing on the mining industry.
Average Trading Volume: 15,804,671
Technical Sentiment Signal: Buy
Current Market Cap: £371.6M
See more insights into MTL stock on TipRanks’ Stock Analysis page.