Panmure Liberum appointed as Joint Broker to Metals Exploration Plc

Metals Exploration plc is a gold production, exploration and development company with assets in the Philippines and Nicaragua. They are the 100% owner of the Runruno Gold Project in the Philippines, which it developed from greenfield to production, now producing over 80,000oz of gold per year. They are also the 100% owner of the La India Project in Nicaragua, following the acquisition of Condor Gold plc, which completed on 15 January 2025.The Company’s strategy is focused on positioning itself for future growth beyond Runruno, which it is implementing through recent acquisitions. Metals Exploration is debt free with significant cash reserves, which it will use along with future cash from Runruno to fund the development of the La India Project in Nicaragua, which has a clear path to production.