Business
Annual Results for the year ended 31 December 2021
Annual Results for the year ended 31 December 2021.
About this update from Cadence Minerals Plc
[{"type":"text","content":"\n \n \n \n \n \n \n Cadence Minerals Plc\n \n \n \n \n (\"Cadence Minerals\", \"Cadence\" or \"the Company\")\n \n \n \n \n Annual Results for the year ended 31 December 2021\n \n \n \n \n \n \n \n \n Cadence Minerals (AIM/NEX: KDNC) is pleased to announce its final results for the year ended 31 December 2021. The full Annual Report and Audited Financial Statements will be made available on the Company's website at \n \n \n https://www.cadenceminerals.com/\n \n \n \n and will be posted to shareholders on the 30 June 2022\n \n \n \n \n \n Chairman's Statement\n \n \n \n \n \n \n I am pleased to present the Company's\n \n \n Annual Results\n \n \n for the year ended 31 December 2021.\n \n \n \n \n \n \n Maintaining a balanced perspective on the macro picture has become increasingly difficult, with unexpected factors such as Russia's invasion of Ukraine creating a supply and price squeeze for many commodities. As I review the year and reflect on global events, and again on events more specific to our company outlook, it is remarkable how the macro backdrop has changed in totally unexpected ways. Previously unprecedented levels of economic stimulus have now been overtaken by inflation and interest rate hikes, while the shift towards globalisation has slowed down with the prospect of a localised war in Ukraine becoming more entrenched and widespread.\n \n \n \n \n \n On behalf of the Board of Directors (Board) and management, I would like to thank all of our advisors, consultants and service providers and especially our shareholders for their support throughout the year. The Board and company have resumed pre pandemic work schedules and trips to visit site and project operational hubs, along with viewing potential investment opportunities and attending industry conferences. The opportunity to travel freely, to reconnect with people in person and to see projects in transition has truly been a highlight.\n \n \n \n \n \n Our portfolio companies have continued to progress and have in many cases delivered landmark achievements. In no order of priority, the Board congratulates Macarthur Minerals on completing the Bankable Feasibility Study and moving significantly closer to operational success. European Metal Holdings has painstakingly continued to complete reviews and studies\n ...