Business
Interim Results for the six months ended 31st D...
Interim Results for the six months ended 31st D....
About this update from Imc Exploration Group Plc
[{"type":"text","content":"\n \n THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY IMC TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION (EU) NO. 596/2014, AS AMENDED (\"MAR\"). ON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE (\"RIS\"), THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.\n \n INTERIM RESULTS FOR THE PERIOD 1ST JULY TO 31ST DECEMBER 2019\n \n IMC Exploration Group Public Limited Company (the “Company”)Chairman’s Statement for the period 1st July to 31st December 2019\n The Directors of IMC Exploration Group plc are pleased to present the interim financial results for IMC for the six months to 31st December 2019. The consolidated, unaudited financial statements presented below have been reviewed by the Company's auditors. \nIMC completed its Mineral Resource Estimate in accordance with the JORC Code (2012) on its Avoca historic mine site project in Avoca, Co. Wicklow. The Mineral Resource Estimate for the Avoca spoils and tailings is transformatory for the Company. Spoils’ heaps projects with demonstrable economic potential are presently much in demand. There is scope to increase the tonnage and grade, not only on this site, but also on the other spoils’ heaps within IMC’s licence area which includes West Avoca and the company is currently working on advancing this. We will keep our shareholders informed of progress.\n \n \n \nExploration work continues on our Kilmacoo project in collaboration with Trinity College Dublin. This is an extremely positive development for IMC.\n \n \nThe last six months have been highly encouraging for IMC. The directors are confident that, with the price of gold currently trading above $1,600 an ounce, IMC is well positioned to realise its potential to the benefit of its shareholders. I look forward to reporting further progress in the coming weeks and months.\n \n Eamon O’Brien,\nChairman\n \n IMC Exploration Group Public Limited CompanyConsolidated Statement of Comprehensive Income\nfor the period 1st July 2019 to 31st December 2019\n Continuing Operations \n \n \n \n \n Notes\n \n \n Dec’19\n \n Jun’19\n \n \n Administrative expenses\n \n \n (156,319)\n \n (366,816)\n \n \n \n \n \n \n \n \n \n Operating Loss for the period\n \n \n \n (156,319)\n \n (366,816)\n \n \n \n \n \n \n \n...