The retailer announces a proposed rights issue to address near-term funding needs, but the significantly discounted raise raises concerns about investor appetite and ongoing challenges.
The mining company reported a challenging 2024, with lower revenues, margin pressures, and the need for a $30 million rights issue to address a near-term working capital shortfall.
The mining company announces a proposed rights issue to raise funds as it reports expected losses for the year.
The mining company has announced a delay in the release of its full year financial results, providing no further details.
The mining company announces a change in its market segment on the JSE Main Board, moving from the 'Prime Segment' to the 'General Segment'.
The mining company held a successful auction of previously unsold higher-quality emeralds, generating $4.8 million in revenues.
The mining company welcomes the Zambian government's decision to suspend the 15% export duty on precious gemstones, a move that will benefit its emerald operations in the country.
The mining company reports total auction revenues of $196 million for the year, but also a net debt position of $80.5 million as it invests in expanding processing capacity.
The mining company faces a major setback as the Zambian government reintroduces a 15% export duty on emeralds, significantly increasing the tax burden on its key Kagem Mining operation.
The mining company faces significant unrest and disruption to its operations in Mozambique, leading to temporary suspension of activities and relocation of personnel. This represents a major risk and source of uncertainty for the business.