Mining News
Test description
Test description
Test description
Test description
Test description
Highland Gold Mining (HGM:LSE) Three operating mines in Russia and a pipeline of promising development projects. 9-months production 191,752 oz AuEq (2015:191,408 oz ). Q3 production 63,096 oz AuEq, 11% decrease from Q3 2015. Mnogovershinnoye: Recovery rates improved to 92.1% from 91.9% Q3 2015. Average grade improved to 2.42 g/t from 2.22 g/t in Q3 […]
Gemfields (GEM:AIM) Operational update for 3 month period ending 30 September 2016, the first quarter of the 2017 financial year. Ian Harebottle, CEO of Gemfields , commented: “Work on new projects continues apace and plans remain on schedule to meet our annual target production of 40 million carats of rough emeralds from Kagem and 20 million carats of […]
Patagonia Gold Plc (PGD:AIM) Gold and silver production has commenced at Cap-Oeste mine in the Santa Cruz province, Argentina. The first doré pour was completed 27 October 2016. The production forecast for the project’s 24 month life of mine is estimated to be 82,000 oz AuEq. Ramp-up to full production capacity is complete. To date 100,000 […]
Savannah Resources Plc (SAV:AIM) Releases drill results for 19 diamond holes located on Blocks 4 & 5 in the Sultanate of Oman; results from Mahab 4 have returned some of the broadest and highest-grade results at the project to date. Savannah is earning 65% interest in Al Thuraya LLC, the owner of Block 4 and is a […]
Wolf Minerals reports progress in ramping up to full production at its Drakelands tungsten/tin open-pit mine. In the September quarter, the plant processed a record 505,414t of ore to produce almost 30,000t of concentrate, also a record. The Drakelands mine, which commenced production in September 2015, has struggled to reach planned production rates owing to […]
Centamin Plc (CEY:LSE) (CEE:TSX) Centamin reported Q3 production of 148,674 oz Au, a 6% increase over Q2 2016 and 41% higher than Q3 2015. AISC US$644/oz Au. Ongoing optimisation of the process plant resulted in a recoveries of 89.7% up 0.2% from Q2 2016. Full year production is expected towards the upper end of guidance, 520koz […]
Coal of Africa Limited (CZA.L) Significant progress has been made in the identification of possible cash generating assets. Management is in discussions with current shareholders and potential investors to ensure any possible acquisition can be appropriately funded. Net cash for quarter ended September 30th, 2016 was US$11.9m. David Brown the CEO commented: “The increase in thermal […]
Mariana Resources Ltd. (MARL:AIM) (MRA:TSXV) Reports assay results for Hot Maden Project; a total of 13 infill and extension, diamond drill holes with drill log data provided for a further 7 holes for which assays are pending. The drill program is to reduce drill hole spacings to 25m intervals in order to provide detailed geotechnical data for […]
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 […]