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Caledonia lowers Blanket production guidance for 2017

Caledonia lowers Blanket production guidance for 2017

Caledonia Mining has lowered its gold production guidance for 2017 from 60koz to 52-57koz. The company cites lack of capacity underground to transport material while capital development to achieve the ...

Kounrad starts producing copper from new dump

Kounrad starts producing copper from new dump

Central Asia Metal’s Kounrad copper operation, in Kazakhstan, is now recovering the metal from the Western dumps on the property. In April, the company applied the first acid through an ...

Wolf reports improved operations at Drakelands

Wolf reports improved operations at Drakelands

Wolf Minerals reports that during the March quarter it implemented significant equipment changes and modifications in the processing plant at its Drakelands tungsten/tin mine, in Devon. These modifications have resulted ...

Caledonia’s Blanket mine ups Q1 production by 18% year-on-year

Caledonia’s Blanket mine ups Q1 production by 18% year-on-year

Caledonia Mining’s Blanket gold mine, in Zimbabwe, produced 12.8koz of gold in Q1 2017, an 18% increase on Q1 2016. Production continues to be supported by access to resources below ...

BlackRock World Mining revalues Banro stake

BlackRock World Mining revalues Banro stake

BlackRock World Mining Trust says that following the completion of the recapitalisation of Banro Corporation, it receive a mix of cash and common equity in Banro for its investment in the ...

Randgold increases dividend by 52% after record year

Randgold increases dividend by 52% after record year

Randgold Resources has proposed an increase in its dividend for 2016 of 52%, to US$1.00 per share, based on a record year and its accumulated cash at the end of ...

Caledonia’s adjusted EPS rises 143% to US$21.4c per share

Caledonia’s adjusted EPS rises 143% to US$21.4c per share

Caledonia Mining has reported comprehensive 2016 earnings of US$11.1m against US$5.6m for 2015.  When adjusted to reflect underlying performance, EPS was US21.4c against US8.8c a year earlier, an increase of ...

Wolf reports increased net loss for six months to end December 2016

Wolf reports increased net loss for six months to end December 2016

Wolf Minerals has reported a net loss after tax for the six months to 31 December of A$37.7m, an increase from the A$24.3m loss reported in the corresponding period of ...

Wolf draws an additional £10 million from RCF facility

Wolf draws an additional £10 million from RCF facility

Wolf Minerals is to draw down an additional £10m from the 12-month secured bridge loan facility that major shareholder, Resource Capital Fund (RCF), provided in October 2016. This will take ...

Amerigo Resources year-end revenues increased 68%

Amerigo Resources year-end revenues increased 68%

Amerigo Resources (ARG:TSX) Reported year end and Q4 2016 financial results. Gross tolling revenue for 2106 grew to US$124.4m from US$73.8m for 2015. The increase in revenue was due to a ...

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