Strategic Minerals PLC - London-based mining company with projects in New Mexico, South Australia and the UK - Says pretax profit in the six months ended June 30 fell 78% to $54,000 from $248,000 a year prior, as revenue plunged to $782,000 from $1.3 million the year before. Notes a ‘significant drop’ in sales at its Cobre project in New Mexico. Non-executive Chair Alan Broome says: ‘I look forward to further progressing our key strategic goals in 2023 and pushing onto a brighter 2024.’

Current stock price: 0.15 pence, trading flat on Thursday

12-month change: down 50%

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