Central Asia Metals plc has expanded its interest in Kazakhstan with a framework agreement to acquire an 80% effective interest in the subsoil use contract (SUC) for the Shuak copper exploration property, in northern Kazakhstan. This represents the company’s first venture outside of its Kounrad copper dump retreatment operation in the country. To acquire its […]
Sierra Metals (SMT-CN) The discovery of a new high grade sulfide zone 200 meters north of the central mine, along strike and adjacent to current mining activities, contributes to the future growth potential of the company. Underground drilling intersects several wide high-grade copper, lead, zinc and silver sulfide intercepts at the Cuye-Mascota area of the […]
Savannah Resources (SAV:AIM) Final results for the resource drilling program at the Mahab 4 prospect in Block 5, Oman reveal high grade zones of copper. Mahab Resource Drilling: 14.25m@3.86% copper, 0.62% zinc and 0.22 g/t gold from 109.1m. Mahab 4: 67.4m@4.64% copper, 1.13% zinc and 0.3 g/t gold from 18.6m incl. 35.4m@8.3% copper, 2.1% zinc and 0.4 […]
Serabi Gold (SRB:AIM) (SBI-CN) In the quarter the company was able to achieve record production, reduce debt and dramatically increase profit for the nine months ended September 30, 2016. The company achieved record Q3 2016 gold production of 10,233 oz, compared to 9,896 in Q2 2016. The addition of a third ball mill, a second flotation […]
Caledonia Mining has reported adjusted EPS of US4.4c for Q3 16, a 59% increase on Q3 15, taking EPS for the year to date to US13.0c, from US7.2c in 2015. The improved performance comes on the back of a 23% increase year-on-year in gold production at the Blanket mine to 13.4koz, taking the total for […]
Jubilee Platinum Plc (JLP:AIM) Released results for the year ended 30 June 2016. Loss for the year was 3.67m vs 3.44m for 2015. Total comprehensive 2016 loss improved to (£1m) vs loss of (£7.94m) in 2015; due to exchange rate differentials on foreign operations. There was an improvement in gross profit at 865k vs 23k […]
Ariana Resources Plc (AAU:AIM) The completion of a scoping study for the Tavsan Project in Turkey reveals excellent results. Tavsan is part of the Red Rabbit JV with Proccea Construction Co. and will be 50% owned by Ariana once mine construction at the Kiziltepe Sector is completed in Q4 2016. The Tavsan project is planned to be […]
Gem Diamonds Limited (GEMD:LSE) The company is on track to achieve full year production guidance at Letšeng, despite extreme weather disruptions. In Q3 2016: 24,388 carats were recovered at Letšeng, compared to 28,682 carats in Q2 2016. The weather conditions restricted access to the pits, therefore ore was sourced from surface stockpiles which resulted in a reduction […]
Savannah Resources Plc (SAV:AIM) Announces an initial resource estimation on the Jangamo and Dongane deposits which form part of the Mutamba project in Mozambique. Savannah currently holds a 10% interest in the Mutamba project with partner Rio Tinto and has the right to earn 51% upon completion of key milestones. CEO, David Archer said: “Savannah believes that […]
Anglo Asian Mining Plc (AAZ:AIM) Gold, copper and silver production & exploration in Azerbaijan; the company posted an updated investor presentation today. The presentation provides details of the all in sustaining costs per ounce of gold produced at their Gedabek mine in Western Azerbaijan. Target production for the full year to 31 December 2016 is 73k – […]
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