Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil EL&P Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries Anglo Pacific Group PLC Announces Interim Results for 6 Months Ended 30 June 2021 By: Anglo Pacific Group PLC via AccessWire August 25, 2021 at 02:00 AM EDT LONDON, UK / ACCESSWIRE / August 25, 2021 / Anglo Pacific Group PLC ('Anglo Pacific', the 'Company', the 'Group') (LSE:APF)(TSX:APY) is pleased to announce interim results for the six months ended 30 June 2021 which are available on both the Group's website at www.anglopacificgroup.com and on SEDAR at www.SEDAR.com.Following the transformational $205m Voisey's Bay cobalt stream acquisition in March 2021 and the associated financing, the Company has determined that it is now appropriate to commence reporting results in US dollars rather than in British pounds. With four of the Group's nine royalties being received in US dollars, the majority of Anglo Pacific's revenue, and the remaining ones largely being based on US dollar prices but then converted to local currency, the Company feels now is the right time to transition its presentation currency to one that more appropriately reflects the underlying performance of the business and is in line with its peers.The change in presentation currency does not impact the underlying business nor dividends, in particular the previously announced interim dividends of 1.75p per share to be paid in November 2021, December 2021 and February 2022.Results HY1 2021 HY1 2020 HY1 2021 HY1 2020 $mYoY%$m £mYoY%£mKestrel9.55(37%)15.10 6.88(43%)11.97Voisey's Bay3.12-- 2.25--Narrabri1.15(43%)2.00 0.83(48%)1.59Mantos Blancos2.7582%1.51 1.9865%1.20Maracás Menchen1.46484%(0.38) 1.05439%(0.31)Four Mile0.10(41%)0.17 0.07(46%)0.13Royalty and stream income18.13(1%)18.40 13.06(10%)14.58 Dividends - LIORC & Flowstream2.86(1%)2.89 2.06(10%)2.30Interest - McClean Lake1.2310%1.12 0.890%0.89 Royalty and stream related revenue22.22(1%)22.41 16.01(10%)17.77 EVBC*1.5934%1.19 1.1519%0.97Principal repayment - McClean Lake-(100%)0.50 -(100%)0.40 Less: Metal streams cost of sales(0.77) - (0.55) - Total portfolio contribution23.04(4%)24.10 16.61(13%)19.14* Following the application of IFRS 9, the royalties received from EVBC are reflected in the fair value movement of the underlying royalty rather than recorded as royalty income.Click on, or paste the following link into your web browser, to view the full announcement.http://www.rns-pdf.londonstockexchange.com/rns/6832J_1-2021-8-25.pdfFor further information: Anglo Pacific Group PLC+44 (0) 20 3435 7400Julian Treger - Chief Executive OfficerKevin Flynn - Chief Financial OfficerMarc Bishop Lafleche - Chief Investment Officer Website:www.anglopacificgroup.com Berenberg+44 (0) 20 3207 7800Matthew Armitt / Jennifer Wyllie / Varun Talwar / Detlir Elezi Peel Hunt LLP+44 (0) 20 7418 8900Ross Allister / Alexander Allen / David McKeown RBC Capital MarketsFarid Dadashev / Marcus Jackson / Jamil Miah+44 (0) 20 7653 4000 Camarco+44 (0) 20 3757 4997Gordon Poole / Owen Roberts / James Crothers This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.SOURCE: Anglo Pacific Group PLCView source version on accesswire.com: https://www.accesswire.com/661262/Anglo-Pacific-Group-PLC-Announces-Interim-Results-for-6-Months-Ended-30-June-2021 Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
Anglo Pacific Group PLC Announces Interim Results for 6 Months Ended 30 June 2021 By: Anglo Pacific Group PLC via AccessWire August 25, 2021 at 02:00 AM EDT LONDON, UK / ACCESSWIRE / August 25, 2021 / Anglo Pacific Group PLC ('Anglo Pacific', the 'Company', the 'Group') (LSE:APF)(TSX:APY) is pleased to announce interim results for the six months ended 30 June 2021 which are available on both the Group's website at www.anglopacificgroup.com and on SEDAR at www.SEDAR.com.Following the transformational $205m Voisey's Bay cobalt stream acquisition in March 2021 and the associated financing, the Company has determined that it is now appropriate to commence reporting results in US dollars rather than in British pounds. With four of the Group's nine royalties being received in US dollars, the majority of Anglo Pacific's revenue, and the remaining ones largely being based on US dollar prices but then converted to local currency, the Company feels now is the right time to transition its presentation currency to one that more appropriately reflects the underlying performance of the business and is in line with its peers.The change in presentation currency does not impact the underlying business nor dividends, in particular the previously announced interim dividends of 1.75p per share to be paid in November 2021, December 2021 and February 2022.Results HY1 2021 HY1 2020 HY1 2021 HY1 2020 $mYoY%$m £mYoY%£mKestrel9.55(37%)15.10 6.88(43%)11.97Voisey's Bay3.12-- 2.25--Narrabri1.15(43%)2.00 0.83(48%)1.59Mantos Blancos2.7582%1.51 1.9865%1.20Maracás Menchen1.46484%(0.38) 1.05439%(0.31)Four Mile0.10(41%)0.17 0.07(46%)0.13Royalty and stream income18.13(1%)18.40 13.06(10%)14.58 Dividends - LIORC & Flowstream2.86(1%)2.89 2.06(10%)2.30Interest - McClean Lake1.2310%1.12 0.890%0.89 Royalty and stream related revenue22.22(1%)22.41 16.01(10%)17.77 EVBC*1.5934%1.19 1.1519%0.97Principal repayment - McClean Lake-(100%)0.50 -(100%)0.40 Less: Metal streams cost of sales(0.77) - (0.55) - Total portfolio contribution23.04(4%)24.10 16.61(13%)19.14* Following the application of IFRS 9, the royalties received from EVBC are reflected in the fair value movement of the underlying royalty rather than recorded as royalty income.Click on, or paste the following link into your web browser, to view the full announcement.http://www.rns-pdf.londonstockexchange.com/rns/6832J_1-2021-8-25.pdfFor further information: Anglo Pacific Group PLC+44 (0) 20 3435 7400Julian Treger - Chief Executive OfficerKevin Flynn - Chief Financial OfficerMarc Bishop Lafleche - Chief Investment Officer Website:www.anglopacificgroup.com Berenberg+44 (0) 20 3207 7800Matthew Armitt / Jennifer Wyllie / Varun Talwar / Detlir Elezi Peel Hunt LLP+44 (0) 20 7418 8900Ross Allister / Alexander Allen / David McKeown RBC Capital MarketsFarid Dadashev / Marcus Jackson / Jamil Miah+44 (0) 20 7653 4000 Camarco+44 (0) 20 3757 4997Gordon Poole / Owen Roberts / James Crothers This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.SOURCE: Anglo Pacific Group PLCView source version on accesswire.com: https://www.accesswire.com/661262/Anglo-Pacific-Group-PLC-Announces-Interim-Results-for-6-Months-Ended-30-June-2021