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Rainbow RareEarLtd Ord Npv (RBW)

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24-Mar-2021 07:48 AM

Rainbow Rare Earths posts loss as it develops Gakara project in Berundi

Mining group Rainbow Rare Earths posted a first-half loss as it continued to develop its Gakara project in Berundi. Pre-tax losses for the six months through December amounted to £0.89 million, compared to year-on-year losses of £1.1 million.
01-May-2020 09:26 AM

Rainbow Rare Earths CFO stands down; Burundi operations unhampered by Covid-19

Rare earth elements miner Rainbow Rare Earths said its operations Burundi had been largely been unhampered by the Covid-19 crisis. The company also announced the chief financial officer Jim Wynn had stood down, with immediate effect. Goods were able to
09-Oct-2019 09:08 AM

Rainbow Rare Earths losses deepen after output disruptions, asset writedown

Rainbow Rare Earths booked a deeper annual loss after it experienced output disruptions and wrote down the value of its assets. Pre-tax losses for the year through June amounted to $12.1m, compared to losses of $2.5m on-year, and included a $3.1m impairm
07-Jun-2019 11:50 AM

Broker Forecast - Align Research issues a broker note on Rainbow Rare Earths Ltd

Align Research today initiates coverage of Rainbow Rare Earths Ltd (LON:RBW) with a conviction buy investment rating and price target of 11p. Story provided by Broker Forecasts data provided by
07-May-2019 09:57 AM

Rainbow Rare Earths sources new loan as production slips

Rainbow Rare Earths said it had sourced a $0.7m unsecured loan from major shareholder Pella Ventures to support its development and operations, while also reporting a fall in third-quarter production. In addition, the company said it had agreed with Lind
12-Mar-2019 09:27 AM

Rainbow Rare Earths losses deepen amid Burundi project delays

Rainbow Rare Earths posted a deeper first-half loss amid a slower-than-expected production ramp up at its Gakara project in Burundi. Pre-tax losses for the six months through December amounted to $3.1m, compare to losses of $1.1m on-year. 'Rainbow&
30-Oct-2018 08:26 AM

Rainbow Rare Earths warns on production target amid flat quarterly sales

Rainbow Rare Earths recorded flat sales in the first quarter and warned it wouldn't hit its monthly production targets until next year. Concentrate sales from the company's Gakara Project in Burundi for the three months through September were 3
24-Jul-2018 08:12 AM

Rainbow Rare Earths ups sales volumes, though prices fall

Rainbow Rare Earths said it more than doubled concentrate sales in the second quarter, though prices fell and production costs rose. In the three months through June, the company sold 350 tonnes of concentrate from its Gakara project in Burundi, up from
21-Feb-2018 08:04 AM

Rainbow Rare Earths losses widen as production gets underway

Rainbow Rare Earths said its interim losses widened as it ramped up spending ahead of commencement of its first shipments. The miner booked a loss of $1.1m, widening from a loss of $0.4m a year earlier, which it said reflected an increase in 'pre-p
12-Dec-2017 01:18 PM

Rainbow updates on placing

Rainbow Rare Earths has announced the conditional placing of 20,000,000 new shares at 14p apiece, to raise £2.8m (before expenses). The placing price represents a discount of around 8% to the closing middle market price of 15.25p per existing share
14-Nov-2017 01:15 PM

All resolutions passed at AGM of Rainbow

Rainbow Rare Earths has confirmed that all resolutions were passed by shareholders at today's Annual General Meeting. At 1:15pm: (LON:RBW) Rainbow Rare Earths Ltd share price was +0.13p at 16.63p Story provided by
04-Oct-2017 08:31 AM

Rainbow Rare Earths loss widens

Losses deepened at Rainbow Rare Earths as it gears up to start mining in East Africa. The company booked a net loss of $1.4m, widening from a loss in the previous year of $1.2m. It expects first concentrate sales to commence in the forth quarter of 2017
19-Sep-2017 09:27 AM

Rainbow Rare Earths Burundi site to start production in Q4

Rainbow Rare Earths on Tuesday announced that production on its Gakara Rare Earth Project in Burundi is expected to start in Q4. Sales and production of rare earth concentrate from Gakara should be important as the site is one of the highest grade rare

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