This week: Good news from Caledonia Mining, CyanConnode, Ferro-Alloy Resources, Burberry and AstraZeneca

Business News

Caledonia Mining Corporation plc (LON:CMCL) reported a record quarterly production this week of almost 19,000 ounces. Revenue in the Quarter was 32 per cent higher than in Q3 2020 due to a 42 per cent increase in the quantity of gold produced and sold offset by a 7 per cent decrease in the average realised gold price.

CyanConnode Holdings plc (LON:CYAN), a world leader in Narrowband Radio Frequency (RF) Smart Mesh Networks, announced this week that it has won the Cambridge Wireless Best Connector Business” Award.

John Cronin, CyanConnode Executive Chairman, commented: “This award only strengthens our core belief of not just meeting customer expectations but exceeding them. CyanConnode being lead technology innovation player will continue raising the bar for quality Smart Metering deployment.”

Ferro-Alloy Resources Limited (LON:FAR), the vanadium producer and developer of the large Balasausqandiq vanadium deposit in Southern Kazakhstan, announced it has now made its first commercial sale of ferro-molybdenum and also completed testing of the production of ferro-vanadium.

Nick Bridgen, Ferro-Alloy Resources CEO, commented: “These are two important steps towards maximising the value we get from our exciting operation, and further demonstrates our growing technical expertise.”

Sativa Wellness Group Inc. (AQSE:SWEL) has announced its second quarterly profit in Q3 2021 with Q3 2021 Revenue 977% higher vs comparative quarter 2020.

Geremy Thomas, Sativa Wellness Executive Chairman, said; “I am so pleased the significant growth of the business accelerated through Q3. We are exceeding expectations and the strategy introduced earlier in the year continues to validate our mission to deliver to consumers and partners a diverse health and wellness company.”

Burberry Group plc (LON:BRBY) announced in its interim results for 26 weeks ended 25 September 2021 that H1 FY22 revenues were back at pre COVID-19 levels.

Burberry Chairman Gerry Murphy said, ““We have made strong progress in the half. Full-price sales are growing at a double-digit percentage, driving margin expansion and strong free cash generation.”

AstraZeneca PLC (LON:AZN) announced in its year to date and Q3 2021 results that total revenue, including Alexion from 21 July 2021, was $25,406m, representing growth of 32% and total revenue in the third quarter increased by 50%.

Pascal Soriot, Chief Executive Officer, commented:

“AstraZeneca’s scientific leadership continues to provide strong revenue growth and exceptional pipeline delivery, with eight positive late-stage readouts across seven medicines since June, including our long acting antibody combination showing promise in both prevention and treatment of COVID-19.”

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CyanConnode triples order book to £180m as Q1 FY26 shipments jump over 3x

CyanConnode grew its contracted order book from £50m to £180m and secured a c.£70m Goa AMISP contract. Gross margin rose to 35%, and Q1 FY26 module shipments climbed to 568,000 from 170,000, signalling renewed deployment momentum.

CyanConnode fully funds Goa smart metering contract

CyanConnode has secured full external funding for its Goa smart metering project, preserving its balance sheet and enabling rapid delivery. A further US$7.5 million convertible loan note strengthens working capital as it targets India’s national rollout.

Ferro-Alloy Resources raises £1 million through 16.7 million share issue

Ferro-Alloy has issued 16,666,667 new shares at 6 p each, raising gross proceeds of £1,000,000 with participation from directors and strategic shareholder VBR. Funds will optimise the carbon black substitute element of the Balasausqandiq Project.

Ferro-Alloy Resources turns mine waste into early-stage advantage

Ferro-Alloy Resources is progressing a novel carbon black substitute that could generate cash flow well before its main Balasausqandiq processing plant is built.

Cyanconnode Targets South Africa and Scales Solutions in Smart Gas, Water, Lighting and EV 

Cyanconnode is expanding into South Africa with its smart metering solutions. EVP Rahul Das says the company’s platform is ready for deployment as utilities seek more connected, data-driven infrastructure.

Ferro-Alloy signs framework agreement with CC6 for Balasausqandiq project

Ferro-Alloy Resources Limited has signed a non-binding agreement with China National Chemical Engineering Co. to advance the Balasausqandiq vanadium project in Kazakhstan.

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