Ascot Mining raises £646,997 via share placing
PLUS-listed mining group Ascot Mining (PLUS:ASMP) has raised £646,997 via a share placing, which it said will be used for general working capital purposes. The company’s broker Daniel Stewart and...
View ArticleAscot takes out US$1.1 million convertible loan with Yorkville
Gold miner Ascot Mining (LON:ASMP) has agreed a US$1.1 million convertible loan with financier Yorkville Advisors Global Master SPV fund. Earlier this week, Ascot raised £650,000 through a placing...
View ArticleAscot Mining reports increased gold production from Chassoul project
Ascot Mining (PLUS:ASMP) said increased mining at the Chassoul gold project in Costa Rica has led to increased gold production. The company said 153 ounces of gold dore were produced in February this...
View ArticleAscot Mining rated 'buy' by Daniel Stewart, which starts coverage
Gold miner Ascot Mining (PLUS:ASMP) is forecast to produce 2,737 ounces of the precious metal for the financial year to September from its Chassoul mine by broker Daniel Stewart, which has started...
View ArticleAscot Mining to begin trading on GXG exchange
Shares in gold miner Ascot Mining (PLUS:ASMP) will begin trading on the GXG stock exchange from tomorrow (June 21). GXG Markets offers a more transparent trading model with prices set by the last...
View ArticleAscot Mining confident it can increase production from Chassoul
Gold miner Ascot Mining (PLUS:ASMP) said proceeds from production at its Chassoul mine in Costa Rica continue to be reinvested to improve operational reliability there. The mill is now working...
View ArticleAscot Mining sheds Mineral Hill Industries stake
Ascot Mining (PLUS:ASMP, GXG:ASMP) has decided to dispose of its stake in Canadian resource company Mineral Hill Industries (CVE:MHI) to eliminate US$500,000 in associated debt. The company said the...
View ArticleAscot Mining gets $200,000 convertible loan from CEO Jackson
Ascot Mining (PLUS:ASMP, GXG:ASMP) announced that chief executive David Jackson has subscribed for convertible bonds totalling US$200,000. The notes, which are maturing on December 31 this year,...
View ArticleAscot Mining strongly undervalued by market, says broker
Daniel Stewart & Co believes Ascot Mining (PLUS:ASMP, GXG:ASMP) is massively undervalued by the market and offers investors “superlative relative value” to a peer group of Central American gold...
View ArticleAscot Mining: Mining to restart at Chassoul two weeks earlier than expected
Operations are set to restart immediately at its Chassoul mine, Ascot Mining (PLUS:ASMP, GXG:ASMP) told investors today. It comes two weeks earlier than expected. "Chassoul aims to reach the previous...
View ArticleDecision over hearing due soon, says Ascot Mining
Ascot Mining (LON:ASMP) said it is expecting a written decision soon on the legal action against its potential joint venture partner. The company’s La Toyota gold project in Costa Rica was stopped in...
View ArticleAscot Mining announces equity swap to forge business links
Ascot Mining (LON:ASMP) today announced an equity swap agreement in a bid to share business opportunities. The firm bought 20 million shares in Daulton Capital, now Arx Gold Corp, from Musketeer...
View ArticleAscot Mining strikes $10mln funding deal to expand gold production
Costa Rica focused Ascot Mining (GXG:ASMP) has agreed a US$10mln funding deal which paves the way to expand gold production and increase exploration. It is issuing US$10mln worth of convertible...
View ArticleAscot Mining takes legal action to trigger fund raise
Ascot Mining (LON:ASMP) is seeking alternative sources of capital after the fund raising exercise announced on February 15 fell through. The company had planned to raise US$10mln through the issue of...
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