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RRS increases attributable ore reserves

Randgold Resources increased its total attributable ore reserves in 2014 despite significant depletion from mining in a year that delivered record production of 1.15 million ounces. The company’s annual resource and reserve declaration, published today as part of its annual report for 2014, shows attributable reserves up by 0.8% to 15.2 million ounces while resources […]

JP Morgan starts neutral on Hunting

JP Morgan Cazenove has initiated coverage on oil services group Hunting (LON:HTG) with a ‘neutral’ rating, stating that equipment demand has yet to bottom and that pressure on pricing looks set to endure some time even when demand recovers. The broker added: “Hunting is levered to any eventual recovery of drilling activity in the US. […]

SolGold updates on Cascabel Exploration

SolGold provides the following exploration update for its Cascabel copper-gold porphyry project in Ecuador. Highlights: Ø Assay results received from drill hole CSD-15-010 (“Hole 10″) confirm high grade copper and gold mineralisation extends to the northwest, returning 156m @ 0.63 % Cu, and 0.74 g/t Au from 684m depth and remains open at depth. Ø […]

FTSE off to slow start as Yemen tensions weigh

FTSE indices got off to a slow start thanks to rising Middle East tensions after more Saudi airstrikes on Iran-backed Shia Houthi rebels in Yemen, with Egypt promising to weigh in to the developing conflict. Blue chips were led south by resources stocks. Just after the open, FTSE 100 was down 6.87 points, or 0.1%, […]

Europa notes fourth productive interval at Wressle

Europa Oil & Gas is pleased to note today’s announcement from Egdon Resources confirming the presence of an oil column in the Penistone Flags interval, which has produced at a rate equivalent to 77 barrels of oil per day during testing at the Wressle-1 oil discovery in Lincolnshire. This is the fourth tested interval at […]

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30 March 1867: Russia sells Alaska to the United States of America

With the American Civil War out of the way, US Secretary of State William Seward agreed on a deal to buy Alaska from Russia, on this day in 1867.