Caledonia Mining (CMCL:AIM) (CAL:TSX) The company produced approximately 13,591 oz of gold in Q4 2016 from its 49% owned subsidiary, the Blanket Gold Mine in Zimbabwe. Production represented an 18% increase over Q4 2015 and a 1.2% increase over Q3, 2016. Full year production was approximately 50,351 oz of gold, which set a new record, […]
Tharisa plc (THS:LSE) The company reported solid production results for Q1 2017, period ended 31 December 2016. Produced 34.8 koz of PGM and 322.2 kt of chrome concentrate in the quarter, compared to 24 koz of PGMS’s and 272.1 kt of chrome in the same quarter 2015. Out of the chrome production 77.1 kt was […]
Taung Gold International Limited has agreed to acquire an effective 21% interest in a copper-gold exploration licence, in Pakistan, for a total consideration of HK$146 million (US$18.8 million). The exploration licence comprises three ore bodies, South Borgar, East Borgar and North Koh-e-Daleel, which lie approximately 68km North-West of Nok Kundi town in the Chagai district […]
Toachi Mining (TIM:TSX-V) The company reported results from its on-going drill program at La Plata, a gold-rich volcanogenic massive sulphide (“VMS”) project in Ecuador. A first phase metallurgical optimisation programme has also been initiated. Hole CMLP-16-14: [email protected] g/t Au, 49.74g/t Ag, 2.40% Cu, 11.82%Zn an 0.97%Pb from 135.57m. Included within this zone is a higher grading […]
Polo Resources will send a Circular to adopt a new investing policy in accordance with AIM Rule 8 and a Revised Share Options Plan. The Company became an investing company under AIM Rules in July 2010 to invest in the resource and energy sectors. Whilst the Board is seeing improvements in market sentiment across the natural resources […]
Central Asia Metals (CAML:AIM) Q4 2016 and full year production update for the Kounrad dump leach, SX-EW copper recovery plant in Kazakhstan was 3,010 tonnes of copper cathode; total production for 2016 was 14,020 tonnes, a 16% increase on 2015. Copper cathode sales for the year ending 31 December 2016 were 13,938 tonnes which was a […]
The Board of Aberdeen Frontier Markets in consultation with Aberdeen Fund Managers Limited and Numis Securities, and following discussions with certain shareholders, believe that there remains demand for a listed, Aberdeen-managed, closed end frontier market vehicle, providing exposure to the Frontier Markets of Africa, the Middle East, Eastern Europe, Asia and Latin America. Following these […]
Ranger has made an announcement related to the bankruptcy of Argon Credit – it is a complex topic so here’s the main body of the text of that announcement. The Company notes the recent press coverage relating to the filing for Chapter 11 bankruptcy by Argon Credit, LLC and Argon X, LLC (together, “Argon”). The […]
Gemfields plc has completed its seventh auction of rough rubies from the Montepuez ruby mine, in Mozambique, in which it has a 75% interest (local partner 25%). The auction raised US$30.4m, the fourth highest ruby auction total to date. The company sold almost 1.1 million carats (85% by value of the total offered) at an […]
New City Energy’s board of directors has been reviewing, with the investment manager, the future prospects of the company ahead of the next continuation vote. Given the current market capitalisation of the company, the prevailing share price discount and the short to medium term outlook for the oil price, the board has decided that it would be […]
