Mining News
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BlackRock World Mining made a $12m investment in Avanco Resources (a Brazilian copper play) in August 2014. Today it has announced the receipt of $4m from the company which is the first payment under the royalty contract. They say Avanco successfully completed an equity raising earlier in the year, which combined with the $12 million BlackRock […]
Shanta Gold produced 14,664 oz of gold in Q2 2015, some 8% higher than Q1 but significantly down from Q2 2014 production of 21,940 oz. Cash Costs were US$834/oz.(up 10% on Q2 2014) and All in Sustaining Costs (AISC) US$1,157/oz (up 21%). The main reasons for the decrease in production, and increase in costs, were […]