Petra Diamonds (PDL-LN): Q1 2017 (1 July – 21 October 2016), production up 30% over Q1 2016 to 1,097,523 carats, due to the positive increase to initial production from undiluted areas, improving run-of-mine (RoM) grades at both Cullinan and Finsch and increased tailings production from Kimberley Ekapa Mining. The company is on track to be cash flow […]
Goldbridges Global Resources (GBGR:LSE) The Sekisovskoye underground gold mine is progressing towards the medium term target of 100k oz Au per annum in 2019; ontime and within budget. Ore bodies 3 and 8, accesible by the second decline are now able to deliver ore to the processing plant and are expected to deliver a significant […]
Wolf Minerals has reached agreement with its major shareholders, its lenders and its concentrate offtake partners on a funding arrangement to ensure its Drakelands tungsten/tin mine can continue to ramp up operations to full, commercial production. The key points of the agreement are: 1. A standstill of the senior debt conditions until either Devon County […]
Rambler Metal & Mining (RMM-LN) (RAB-CN) The company achieved their production target of 241,080 dry metric tons milled at the Ming Mine, a 12% increase over fiscal year 2015. Achieved lower C1 costs of US$1.72 /lbs down from US$2.11/lbs in fiscal 2015. The copper grades of 2.12% and gold grades of 1.40 g/t were in […]
Ahmet Sinan Kalpakçıoğlu (born in 1961) has been indicted for aggravated theft of money from two group companies while serving as The Ottoman Fund’s CFO in Turkey. If convicted, Kalpakçıoğlu faces in excess of twelve years’ imprisonment and fines. On 19 October the Istanbul 8th Criminal Court of First Instance accepted the indictment and set a […]
Firestone Diamonds (FDI-LN), The company recovers its first diamonds from the Liqhobong Diamond mine in Lesotho, owned 75% by Firestone and 25% by the Government of Lesotho. Initial recoveries are as expected and confirm presence of fancy yellow diamonds. Commissioning is 96% complete. Waste stripping is on target and ramp-up to commercial production has commenced. […]
Jubilee Platinum (JLP-LN) Q3 2016 chromite concentrate production from the Dilokong Chrome mine (DCM) tailings project was 28,559 tons an increase of 88.04% from Q2, 2016. The revenue generated from chromite concentrate sales increased 108.22% to £2.09m over Q2, 2016. Chromite project earnings were up 108.13% to £1.55m over Q2. Earnings attributable to Jubilee, for […]
Manchester & London reports that, for the year ended 31 July 2016, its NAV increased by 19.8% which they compare to a 4.0% return on the Dow Jones U.K. Total Stock Market Total Return Index. The discount the Shares trade at to their Net Asset Value per Share has widened by 2.2 per cent during […]
South32 (S32.L) Q1 2017 results impacted by metallurgical coal production at Illawarra. Challenging geological conditions encountered at Appin Area 9 and 7 caused a decrease is saleable production by 26% (646kt) to 1.4Mt. Coal sales of 9.3Mt now expected in FY17 as the operation has recovered and finished good inventory has been reduced by 300kt. […]
Over the twelve months to 31 August 2016, BlackRock Greater European’s net asset value per share increased by 16.9%, compared with a rise of 15.4% in the FTSE World Europe ex UK Index. The share price rose by 13.8% over the same period. The Board is proposing the payment of a final dividend of 3.65p […]
