StockMarketWire.com - Anglo Pacific Group's [LON:APF] shares were down in late trading after it issued an update on to its Kestrel royalty.

Its says the latest forecast information provided by Rio Tinto, as part of the group's information rights in relation to forward guidance at Kestrel, indicates mining within the group's private royalty lands for H1 2016 will be approximately 20-25% rather than the 30-35% previously guided.

The company understands that this is due to the delayed commencement of mining of longwall panel 404, which is largely within the group's private royalty area, and is now expected to commence at the beginning of H2.

Anglo Pacific expects mining within the group's private royalty land will be approximately 85-90% in H2 resulting in significantly higher volumes than H1 and continue to anticipate that total mining within the group's private royalty land in 2016 will be approximately 60-65% as previously guided.

* * *

Landore Resources [LON:LND] has raised approximately C$2.259 million, gross, through a subscription of 71,843,000 new ordinary shares at 1.7p apiece.

The issue price represents a premium of approximately 1.5% to the closing middle market price of 1.675 pence per ordinary share on 9 June.

The net proceeds will be used to finance working capital and exploration expenditure on the Junior Lake BAM East Gold prospect.

* * *

Forte Energy NL [LON:FTE] posts a pre-tax loss of $1.8m for the six months to the end of December - down from $2.6m a year ago.

Revenues rose to $808,000 from $504,000 and net losses narrowed to $1.8m from $2.6m.

* * *

The sector's biggest riser was Metminco [LON:MNC] - up by more than 32.4% in late trading. The biggest faller was Nyota Minerals [LON:NYO] - down by over 15.6%.






At 4:09pm:

[LON:APF] Anglo Pacific Group PLC share price was -3.75p at 85.5p

[LON:BEM] Beowulf Mining PLC share price was +0.08p at 4.5p

[LON:BKY] Berkeley Energia Ltd share price was 0p at 33p

[LON:CEY] Centamin PLC share price was -2.8p at 112p

[LON:CHL] Churchill Mining PLC share price was -0.38p at 22.63p

[LON:CZA] Coal of Africa Ltd share price was +0.03p at 4.4p

[LON:FDI] Firestone Diamonds PLC share price was -0.13p at 30.5p

[LON:FRES] Fresnillo PLC share price was +15.5p at 1226.5p

[LON:GEMD] Gem Diamonds Ltd share price was -1.12p at 143.63p

[LON:HOC] Hochschild Mining PLC share price was +0.5p at 164p

[LON:KMR] Kenmare Resources PLC share price was -0.02p at 0.75p

[LON:LND] Landore Resources Ltd share price was 0p at 1.68p

[LON:MNC] Metminco share price was +0.06p at 0.25p

[LON:NYO] Nyota Minerals Ltd share price was -0.01p at 0.07p

[LON:VED] Vedanta Resources PLC share price was +1.15p at 404.55p



Story provided by StockMarketWire.com