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ALBA

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NEUTRAL

Alba Mineral Resources Launches Second Exclusive Gold Coin Auction

Why we think this is neutral

The RNS announcement is about the commencement of a second gold coin auction by Alba Mineral Resources. While this is an interesting development, it does not contain any of the mandatory news types that would require a more detailed analysis. The announcement provides information about the auction process and the design of the limited edition coins, but does not include any financial figures or operational updates that would significantly impact the company's performance.

Key Points

  • Alba Mineral Resources has minted three exclusive 24-carat, 1-ounce "Tyn-y-Cornel" gold coins made entirely from gold extracted from the Clogau-St David's Gold Mine in Wales
  • The first coin in the series was sold at auction for £20,000, a premium of almost 8.5 times the then spot price of gold
  • The second coin auction will close on 16 April 2025, with a "buy-it now" price option available

Summary

The mining company is launching a second auction for its limited edition 1-ounce pure Welsh gold coins, following the successful sale of the first coin.

Alba Mineral Resources Plc (AIM: ALBA) has announced the commencement of the second public auction for its limited edition 1-ounce pure Welsh gold coins. The first coin in this series fetched an impressive price at auction, reflecting the enduring appeal of gold derived from the Clogau-St David's Gold Mine. The second coin auction will close on 16 April 2025, and collectors and investors are invited to register for the auction.

Key Dates

16 April 2025
Closing of the second gold coin auction
GENERAL UPDATE