IMC Exploration Group Plc - Informe semestral
IMC Exploration Group Plc - Informe semestral
PR Newswire
LONDRES, Reino Unido, 28 de marzo
LOS DIRECTORES DE IMC EXPLORATION GROUP PLC CONSIDERAN QUE ESTE ANUNCIO CONTIENE INFORMACIÓN PRIVILEGIADA A LOS EFECTOS DEL ARTÍCULO 7 DEL REGLAMENTO (UE) NÚM. 596/2014 DEL PARLAMENTO EUROPEO Y DEL CONSEJO DE 16 ABRIL 2014 SOBRE EL ABUSO DE MERCADO YA QUE FORMA PARTE DE LA LEY CONSERVADA DE LA UE SEGÚN SE DEFINE EN LA LEY DE 2018 (RETIRADA) DE LA UNIÓN EUROPEA (EL "REGLAMENTO SOBRE EL ABUSO DE MERCADO"). TRAS LA PUBLICACIÓN DE ESTE ANUNCIO, LA INFORMACIÓN PRIVILEGIADA SE CONSIDERA AHORA DE DOMINIO PÚBLICO.
INFORME FINANCIERO SEMESTRAL
FOR THE PERIOD 1st Julio 2023 A 31st Diciembre 2023
Sociedad Anónima Pública del Grupo de Exploración IMC
("IMC" o la "Compañía")
Declaración del presidente
The Directors of IMC are pleased to present the Company’s unaudited, consolidated, half-yearly financial report for the six-month period ended 31 de diciembre 2023.
The six months under review have been very significant for IMC and its shareholders, with the successful completion, in Octubre 2023, of the acquisition of MVI Ireland s.r.o. (“MVI”), the 100% owner of the Armenian company, Assat LLC, which owns and operates the Karaberd Mine, an operating gold mine located in lori marz, Norte de Armenia.
The acquisition of MVI constituted a reverse takeover under the Listing Rules and as required by the Financial Conduct Authority’s updated rule on a minimum required market capitalisation of £30m for a company undertaking such a transaction, we were pleased that international consultants Alvarez and Marsal conducted a valuation of MVI, in accordance with the International Valuation Standards (IVS, 2020), that demonstrated a value in excess of the required threshold of £30m.
Since the completion of the acquisition of MVI on 1 November 2023 we have been delighted by the performance at the Karaberd mine and the extraction of ore continues, including a sale of ore in Diciembre 2023 for a consideration of €1,500,000.
We believe there is great potential in Armenia, both with the Karaberd mine and more widely. We are continuing to review other projects in Armenia, and all at IMC believe that operating in Armenia will provide significant future growth opportunities.
I am also pleased that following our acquisition of MVI we have, post period end, strengthened the IMC Board with a new CFO, Vahagn Marukhyan, who has significant experience with Ernst & Young in Armenia, and a geologist, Gagik Gevorgyan, who has worked as chief geologist in Armenia with a number of mining companies and who has a tremendous knowledge of projects in Armenia that are likely to form part of the IMC pipeline of projects going forward.
In Irlanda, IMC has a mineral-rich supply of spoils and tailings with a Mineral Resource Estimate (MRE) on its Avoca spoils and tailings. Based on the Inferred Mineral Resource Estimate there are circa. 20,000 oz gold, 600,000oz silver, 2,600 tonnes copper and 7,800 tonnes lead in these spoils and tailings heaps, which are in crushed rock sitting above ground.
At current commodity metal prices, this represents a total gross value of £71,346,400.
IMC has the intention to advance the Avoca opportunity as an eco-remediation project, aligning closely with the goals outlined by both the Irish government and the objectives of the European Union. To progress this opportunity, at IMC’s invitation, China National Geological & Mining Corporation (“CGM”), who have experience working global projects and especially have experience in eco-based extraction of metals and the remediation of mining sites, recently visited our Avoca site to assess how further progress should be made. I am pleased to say that following this visit we have completed and signed a Memorandum of Understanding for Cooperation with CGM and I look forward to the completion of a project plan to maximise the potential of our Avoca site given the gross value of metals sitting in the spoils and tailings and also given that the European Union has passed a Nature Restoration Law requiring the restoration of up to 20% of lands and sea by 2030. We believe that this will also give impetus to our proposed remediation of the 155-acre Avoca mine site. We are also reviewing the potential for further copper extraction on our Avoca licence given the significant increase in copper prices since mining stopped in Avoca in 1982.
También en Irlanda, I am very encouraged by the recent drilling results from IMC’s North Wexford Gold Project which confirms interpretation of two structural zones, up to 20 metre (“m”) wide, associated with gold (“Au”) mineralization. An historic drillhole intercepted 1.5m grading 354g/t Au, interpreted as part of an upper, near surface zone of mineralization and a lower zone of 2m grading 1.4g/t Au. The new drillhole extends these zones of mineralization by 150m to the northeast and intersected grades of 1m grading 5.8g/t Au in the upper zone and 1m grading 1.1g/t Au in the lower zone. Both the upper and lower zones are open along strike and to depth. Geological interpretation suggests more structural zones are present. The mineralization is present in wide zones of quartz-veined sediments (6m y 20m wide respectively) of which the upper zone is interpreted as the probable host of the 354g/t Au bonanza grade boulder.
The last six months has been very productive for IMC, particularly the successful conclusion of the acquisition of the Karaberd mine in Armenia and the strengthening of the Board. With the current high price of gold, silver and copper and IMC’s projects in Armenia y Irlanda, IMC expects to make notable progress in the coming months.
Eamon P. O'Brien,
Presidente ejecutivo,
Dublín, 28 de marzo de 2024
Sociedad Anónima Pública del Grupo de Exploración IMC
Declaración consolidada de ingreso comprensivo
para el período 1st Julio 2023 al 31st Diciembre 2023
Operaciones continuas
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| Dic'23 |
| Jun'23 |
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| Ingresos |
| 1,492,000 |
| - |
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| El costo de ventas |
| (501,912) |
| - |
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| Beneficio bruto |
| 990,088 |
| - |
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| Costos de administración |
| (783,789) |
| (324,917) |
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| Operating Profit /(loss) for the period |
| 206,299 |
| (324,917) |
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| Ingresos financieros |
| - |
| - |
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| Importe dado de baja Activos intangibles |
| - |
| - |
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| Monto cancelado inversión |
| - |
| - |
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| Profit / (Loss) for period before tax |
| 206,299 |
| (324,917) |
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| Gastos de impuestos |
| (159,296) |
| - |
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| Total utilidad (pérdida) integral del período |
| 47,003 |
| (324,917) |
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| Atribuible a: |
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| Accionistas de la Compañía |
| 47,003 |
| (324,917) |
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| Total Comprehensive Income (Loss) attributable to: |
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| Accionistas de la Compañía |
| 47,003 |
| (324,917) |
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| Ganancias por acción |
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| De operaciones continuas |
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| Basic and Diluted profit per share (cent) |
| 0.000 |
| (0.000) |
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All activities derived from continuing operations. All gains or losses and total comprehensive income or losses for the period are attributable to the owners of the Company.
La Compañía no tiene ganancias o pérdidas reconocidas distintas a las tratadas en el estado de resultados integrales.
Sociedad Anónima Pública del Grupo de Exploración IMC
Estado de Situación Financiera Consolidado
Como a los 31st Diciembre 2023
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| Dic'23 |
| Jun'23 |
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| Activos |
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| Activos intangibles |
| 3,878,881 |
| 640,291 |
|
| Propiedad, planta y equipo. |
| 64,472 |
| 946 |
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| Goodwill |
| 522,913 |
| - |
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| Total del activo no corriente |
| 4,466,266 |
| 641,237 |
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| Activos circulantes |
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| Inventario |
| 206,298 |
| - |
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| Cuentas comerciales y otras cuentas por cobrar |
| 2,483,052 |
| 9,045 |
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| Efectivo y equivalentes de efectivo |
| 7,036 |
| 101,018 |
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| Activos corrientes totales |
| 2,696,385 |
| 110,063 |
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| Activos totales |
| 7,162,651 |
| 751,300 |
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| Equidad |
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| Capital social |
| 723,190 |
| 364,384 |
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| Share premium & Capital |
| 8,974,269 |
| 4,253,642 |
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| Déficit retenido |
| (4,809,338) |
| (4,823,272) |
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| Atribuible a los propietarios de la Compañía |
| 4,888,122 |
| (205,246) |
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| Equidad total |
| 4,888,122 |
| (205,246) |
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| Pasivos - Corriente |
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| Comerciales y otras cuentas a pagar |
| 903,701 |
| 294,260 |
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| Pasivos por impuestos corrientes |
| 575,962 |
| - |
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| Pasivo Total-Corriente |
| 1,479,662 |
| 294,260 |
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| Pasivos – No corrientes |
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| Préstamo |
| 794,868 |
| 662,286 |
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| Pasivo Total-Corriente |
| 794,868 |
| 662,286 |
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| Total patrimonio y pasivos |
| 7,162,652 |
| 751,300 |
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Sociedad Anónima Pública del Grupo de Exploración IMC
Estado de cambios en el patrimonio neto consolidado
para el período 1st Julio 2023 al 31st Diciembre 2023
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| Capital social € | Prima de acciones € | Other Reserves € | Pérdidas retenidas € | € totales |
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| Saldo al 30 de junio de 2022 | 349,589 | 4,164,633 |
| (4,498,355) | 15,867 |
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| Resultado integral total del período |
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| Pérdida del período | - | - | - | (324,917) | (324,917) |
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| Resultado integral total del período | - | - | - | (324,917) | (324,917) |
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| Transactions with owners, recorded directly in equity contributions and distributions to owners |
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| Acciones emitidas | 14,795 | 92,009 | - | - | 106,804 |
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| Costes de emisión de acciones | - | (3,000) | - | - | (3,000) |
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| Total de transacciones con propietarios | 14,795 | 89,009 | - | - | 103,804 |
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| Saldo al 30 de junio de 2023 | 364,384 | 4,253,642 | - | (4,823,272) | (205,246) |
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| Resultado integral total del período |
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| Beneficio del período | - | - | - | 47,003 | 47,003 |
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| Resultado integral total del período | - | - | - | 47,003 | 47,003 |
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| Transactions with owners, recorded directly in equity contributions and distributions to owners |
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| Acciones emitidas | 358,807 | 4,565,176 | - | - | 4,923,982 |
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| Aportes de Capital | - | - | 155,451 | (33,069) | 122,382 |
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| Costes de emisión de acciones | - | - | - | - | - |
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| Saldo al 31 de diciembre de 2023 | 723,191 | 8,818,818 | 155,451 | (4,809,338) | 4,888,121 |
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Sociedad Anónima Pública del Grupo de Exploración IMC
Estado consolidado de flujos de efectivo
para el período 1st Julio 2023 al 31st Diciembre 2023
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| Dic'23 |
| Jun'23 |
|
| flujos de efectivo por actividades operacionales |
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| Profit /(Loss) for the year |
| 236,954 |
| (324,917) |
|
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| Ajustes para: |
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| Otros gastos |
| 9,000 |
| - |
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| Impuesto a las ganancias reconocido en pérdidas y ganancias |
| 169,000 |
| - |
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| Depreciación |
| 54,386 |
| 904 |
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| Efectivo de operaciones antes de cambios en el capital de trabajo |
| 469,340 |
| (324,013) |
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| Movimiento de cuentas por cobrar comerciales y otras |
| (1,473,488) |
| 1,942 |
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| Movement in trade inventories |
| 395,000 |
| - |
|
| Movimiento de cuentas comerciales y otras cuentas por pagar |
| 386,855 |
| 308,386 |
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| Flujo de efectivo neto de las actividades operativas |
| (222,293) |
| (13,685) |
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| Flujos de efectivo de actividades de inversión |
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| Gasto de capital |
| (20,000) |
| (12,500) |
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| El efectivo neto utilizado en actividades de inversión |
| (20,000) |
| (12,500) |
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| Flujos de efectivo de actividades de financiación |
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| Producto de la emisión de nuevas acciones |
| 139,366 |
| 62,911 |
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| Ingresos / (gastos) financieros |
| - |
| - |
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| Efectivo neto generado por actividades de financiación |
| 139,366 |
| 62,911 |
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| Movimiento de efectivo y equivalentes de efectivo |
| (102,927) |
| 36,726 |
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| Efectivo y equivalentes de efectivo al comienzo del período |
| 109,963 |
| 73,237 |
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| Efectivo y equivalentes de efectivo al final del año |
| 7,036 |
| 109,963 |
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The Board continuously assesses and monitors the key risks and uncertainties affecting the business. These have not substantially changed from those set out in the prospectus dated 29 Septiembre 2023 y publicado por la Compañía.
Declaración de responsabilidad
The directors of the Company (the “Directors”) are responsible for the contents of this half-yearly financial report.
The Directors, being Eamon O’Brien, kathryn byrne, Andrew (Laz) Fleming, Vahagn Marukhyan y Gagik Gevorgyan, confirm that to the best of their knowledge:
· The half-yearly financial report, which has been prepared in accordance with the applicable set of accounting standards, gives a true and fair view of the assets, liabilities, financial position and profit or loss of the issuer, or the undertakings included in the consolidation as a whole as required by DTR 4.2.4 R; and
· the interim management report (including the Chairman’s Statement) includes a fair review of the information required by DTR 4.2.7 R;
· the interim management report (including the Chairman’s Statement) includes a fair review of the information required by DTR 4.2.8 R.
FINALIZA CONVOCATORIA REGLAMENTARIA.
Consultas
IMC Exploration Group plc
Eamon O'Brien
+353 87 6183024
kathryn byrne
+353 85 233 6033
Keith, Bayley, Rogers & Co. Limited
Esteban Clayson
44 0 7771 871 847
Brinsley Holman
44 0 7776 302 228
IFC Advisory Limited (Relaciones Públicas y Relaciones Públicas Financieras)
Tim Metcalfe
Florencia Chandler
44 0 203 934 6630