Business
Interim Results for six months ended 30 June 2025
Cadence Minerals PLC announced its interim results for the six months ended 30 June 2025, revealing a loss before taxation of £0.841 million, compared to a £2.535 million loss in the same period last year. The basic loss per share was 0.290p, against 1.392p in the prior year. The group's total assets decreased to £17.66 million from £18.45 million at the end of 2024. Net cash outflow from operating activities was £0.267 million, while gross proceeds of £0.121 million were raised through loans. The company's net cash position decreased by £0.65 million, resulting in a cash balance of £0.003 million. Financial assets totaled £13.762 million, including £13.597 million in non-current assets. Disclaimer*
About this update from Cadence Minerals Plc
[{"type":"text","content":"\n\nThe company deems the information contained within this announcement to constitute Inside Information as stipulated under the Market Abuse Regulation (E.U.) No. 596/2014, as it forms part of U.K. domestic law under the European Union (Withdrawal) Act 2018, as amended. Upon the publication of this announcement via a regulatory information service, this information is considered to be in the public domain.\n \n29 September 2025\nCadence Minerals plc\n \n(\"Cadence Minerals\", \"Cadence\", or \"the Company\")\n \nInterim Results for the six months ended 30 June 2025\n \nCadence Minerals plc (AIM:KDNC) is pleased to announce its interim results for the six months ended 30 June 2025.\n \nHighlights\n· Robust economics confirmed: Updated Pre-Feasibility Study (December 2024) delivered a post-tax NPV of US$1.97 billion, a 42% IRR, and forecast average free cash flow of US$342 million per year over a 15-year mine life.\n· Early cashflow catalyst underway: Staged development pathway launched with the recommissioning of the Azteca Plant - targeting approximately 380,000 tonnes per annum of 65% Fe concentrate, with only US$3.5 million pre-production capex.\n· Funding secured with limited dilution: Heads of Terms signed for a US$4.6 million prepayment offtake facility with a global trading partner. Cadence will contribute 10-15% of the prepay, targeting a circa 70% IRR on its share.\n· Competitive cost base: Mining costs across the Amapá Project reduced by 36.7% to US$11.17/dmt, lowering overall FOB costs to US$27.28/dry metric tonnes (\"dmt\") and cost and freight (\"CFR\") costs to US$55.46/dmt - positioning Amapá amongst the lowest-cost global producers.\n· Clear near-term catalysts: Licence issuance, Azteca restart, and reinvestment of free cashflow into DFS and early works provide a de-risked bridge to the full 5.5 million tonnes per annum (\"Mtpa\") DR-grade project.\n \nCadence has entered a transformational phase. In just six months we have moved from project optimisation to a clear, de-risked pathway that can deliver cashflow, growth, and attractive returns for shareholders.\n \nOur strategy is deliberately phased. By restarting the Azteca Plant with modest upfront capital, we can generate near-...