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Mining Sector: Berkeley rises after quarterly update

Berkeley Resources (LON:BKY) was up in late trading after it issued a quarterly report for the period ended 30 June. The company’s primary focus during the period continued to be the advancement of the Salamanca project located in Spain. Highlights during the quarter include: * Exploitation concession (‘mining licence’) for Retortillo granted by regional government: […]

FTSE firms as Capita leads mixed bag of risers

FTSE indices closed up, with Capita (CPI) leading the blue-chip pack on pleasing interim news, while miners, retailers and insurers added to the northbound impetus. Wall St was mixed in early deals. At 5 p.m., the FTSE 100 was up 2.81 points, or 0.04%, to 6798.15, and the FTSE 250 gained 75.23 points, or 0.48%, […]

Mining Sector: Minco jumps on PEA for Woodstock project

Minco (LON:MIO) was the sector’s top riser after it said a preliminary economic assessment (PEA) of its wholly owned Woodstock project indicates a pre-tax net present value of C$846m (post-tax NPV of CDN$461 million), at a 8% discount rate and a pre-tax internal rate of return of 17.97% (Post-tax IRR of 14.40%). These figures were […]

FTSE rises on miners as Capita leads the blue chips

FTSE indices were northbound midday with miners helping direction, followed by a string of financial and retail-related issues, as investors shrugged off Middle East concerns. Near noon, the FTSE 100 was up 23.02 points, or 0.34%, to 6818.36, and the FTSE 250 gained 48.31 points, or 0.31%, to 15,699.0. Bank of England’s policymakers voted 9-0 […]

Serabi says commercial production at Palito has begun

Serabi Gold plc (AIM:SRB, TSX:SBI), the Brazilian focused gold mining and development company, is pleased to announce that commercial production at its Palito gold mine commenced with effect from 1 July 2014. The Company also provides an update on its activities at its high-grade underground gold mining operation at Palito for the second quarter of […]

Mining Sector: Petropavlovsk up as gold output rises

Petropavlovsk (LON:POG) has issued a trading update for the period Jan. 1 to June 30 in advance of its 2014 Half-Year Results, which are expected to be published on 28 August 2014. Looking forward, chairman Peter Hambro said he was pleased reconfirm that the company sees a significant reduction in its cash costs in 2015-2019 […]

FTSE firms as resources stocks burrow higher

FTSE indices were firmer midday with resources and financial stocks paving the way, following strong gains on Asian bourses overnight. Near noon, the FTSE 100 was up 52.3 points, or 0.78%, to 6780.74, and the FTSE 250 was ahead 110.48 points, or 0.71%, to 15,596.6. In the US last night, the Dow fell 48 points […]

AFCR update on Dalny Mine acquisition

African Consolidated Resources has issued an update on the conditional acquisition of the Dalny Mine. AFCR says it has been informed by Falcon Gold Zimbabwe that the expected date of its extraordinary general meeting to approve the proposed sale of the mine and associated infrastructure is now 13 August, with the results expected to be […]

Mining Sector: Mariana down despite further deep mineralisation at Breccia 5

Mariana Resources Ltd (LON:MARL) was down in late trading despitre confirming further positive results from its recently completed 2,084m drill campaign at the copper-gold-silver Soledad prospect in Peru. The diamond drill programme tested a combination of targets which included high level porphyry, quartz-tourmaline breccia pipes, breccia root zones and adjacent concealed porphyry targets within a […]

Shanta Gold gives Q2 production, ops udpate

Shanta Gold, the East Africa focused gold production and exploration company, is pleased to announce its production and operational results for the quarter ended 30 June 2014 (the “Quarter”). Operational highlights: · Record gold production of 21,940 ounces, up 8% from Q1 2014 (20,254 ounces) · Gold sales of 22,400 ounces at an average price […]

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