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Mining Sector: Weatherly soars on progress at Tschudi copper mine

Weatherly International’s (LON:WTI) shares soared after it reported that the Tschudi copper mine is well ahead of its original schedule, with first copper expected next month. The crushing and processing plant is now in full operation and functioning effectively. “We are using a proven technology to extract high grade copper in a low cost operation,” […]

Mining Sector: Landore up as winter exploration campaign starts

Landore Resources (LON:LND) was one of the sector’s biggest risers after confirming the start of the winter exploration campaign at its 100%-owned Junior Lake property in Ontario. It says that a review of existing data has established that the Alpha Zone immediately adjacent to the B4-7 nickel-copper-cobalt-PGEs deposit is far more significant than previously determined […]

Landore starts winter exploration campaign

Landore Resources has confirmed the start of the winter exploration campaign at its 100%-owned Junior Lake property in Ontario. It says that a review of existing data has established that the Alpha Zone immediately adjacent to the B4-7 nickel-copper-cobalt-PGEs deposit is far more significant than previously determined and provides the potential to add significant tonnage […]

FTSE limps higher with Greek odyssey, EU in focus

FTSE indices limped to a positive close with the Greek economic odyssey and its potential collision course with the EU and Germany in focus. The market fretted over Greek banking-sector liquidity. Financial, energy and pharmaceutical stocks provided direction. FTSE 100 closed up 14.33 points, or 0.21%, to 6825.9. FTSE 250 rose 71.85, or 0.44%, to […]

Mining Sector: Serabi Gold jumps after Sao Chico assays

Serabi Gold’s (LON:SRB) shares jumped after it announced it had now sampled the Main Vein at the Sao Chico Gold operation, northern Brazil, and received assay results. The intersection has recorded an average true width of 3.6 metres with a gold grade of 42 g/t gold. The vein is sub-vertical. The orebody has been intersected […]

FTSE mixed midday as Greece jitters resurface

FTSE indices surrendered early gains to be mixed midday as Greece’s new government went head-to-head with the EU over proposing more sanctions against Russia. The market focused on concerns about its banking-sector liquidity. Financials, retail and some resources provided cue. Towards midday, FTSE 100 was down 12.59 points, or 0.18%, to 6799.02. FTSE 250 rose […]

Kirkland Lake Gold C$25m bought deal financing

Kirkland Lake Gold Inc has entered into an agreement with National Bank Financial and Macquarie Capital Markets Canada as co-lead underwriters, on behalf of a syndicate of underwriters which includes Sprott Private Wealth LP, BMO Capital Markets and Clarus Securities Inc, for the issue of 5,750,000 common shares on a bought deal basis, at C$4.35 […]

FTSE shrugs off Wall St malaise to post early gains

FTSE indices followed European markets higher with financials and resources stocks providing direction, even though others of their number lost ground. Wall St fell overnight on disappointing corporate earnings. Asian markets rose. Just after the open, FTSE 100 was up 17.8 points, or 0.26%, to 6829.41. FTSE 250 rose 57.42, or 0.35%, to 16,411.3, its […]

Mariana Resources identifies additional drill targets

Mariana Resources Ltd provides an update on the results obtained from the Deep Sensing IP geophysical survey at the Soledad Copper-Gold-Silver Project, Peru. The Deep Sensing IP survey was completed on a 2 km x 3 km block covering the central portion of the Soledad property, where Mariana drilling in 2014 confirmed the existence of […]

Environmental authorisation granted for Vele, says CoAL

Coal of Africa Limited (LON:CZA) has announced that the South African Department of Environmental Affairs has recently granted an amendment of the environmental authorisation in terms of the National Environmental Management Act (Act 107 of 1998) and the Environmental Impact Assessment Regulations (2010) for Vele Colliery. This amendment is the first of several required to […]

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30 January 1933: Adolf Hitler takes power

Adolf Hitler came to power on this day in 1933 following a political gamble that went disastrously wrong, and allowed the Nazi leader to call fresh elections.