Read More Precious metals Articles

Mining Sector: TSG jumps on Asacha mining, production update

Trans-Siberian Gold (LON:TSG) shares jumped after it reported that mine development at Asacha in Q3 comprised 801 metres, while ore extraction (including ore from stoping and mine development) amounted to 49,091 mt. In the first nine months of 2014, an average 13,070 mt per month was processed through the Asacha plant. The average gold grade […]

Mining Sector: Kenmare up on rises in output and shipments and possible offer talks

Kenmare’s (LON:KMR) shares were up in late trading after it announced an increase in output and shipments and confirmed that talks regarding a possible offer from Iluka Resources were ongoing. Kenmare said ilmenite production rose to 220,200 tonnes in the third quarter – 6% upon a year ago – while primary zircon output jumped by […]

AFCR completes joint venture finance

African Consolidated Resources says the joint venture finance which will enable the company to start mining at Pickstone-Peerless with a local partner, has now been confirmed with Grayfox Investments (Pvt) Ltd, a Zimbabwean incorporated company owned. The terms of the agreement provide that AFCR, through its wholly owned subsidiary Canape Investments (Pvt), transfer its interest […]

Ariana vice-chairman lifts stake

Ariana Resources vice-chairman Michael de Villiers has increased his stake in the company. de Villiers bought 500,000 ordinary shares yesterday at 0.86p apiece. He now holds 13,500,000 ordinary shares in the company – 2.09% of the total. At 8:43am: (LON:AAU) Ariana Resources PLC share price was 0p at 0.8p Story provided by StockMarketWire.com

Mining Sector: Petropavlovsk up as co-founder signals return

Petropavlovsk (LON:POG) was the sector’s biggest riser after it announced that co-founder Dr Pavel Maslovskiy is available to rejoin the board and executive management team following the acceptance of his retirement as a Member of the Federation Council (Upper House of the Russian Parliament). Maslovskiy indicated he will be available to rejoin with effect from […]

FTSE 100 ends ahead after jittery start

The FTSE 100 reversed a predicted fall on the open and ended marginally ahead with miners providing the majority of support, while the FTSE 250 told a different slightly story and closed down. Meanwhile, Wall St drifted further into the red in early trading. At the close, the FTSE 100 was up 26.27 points, or […]

Mining Sector: Vedanta falls following first half production report

Vedanta Resources’ (LON:VED) shares were down in late trading following a production report for its half year to the end of September. Vedanta said oil and gas output fell in H1 after planned maintenance work, although the drop was partially offset by higher production from its Cambay site in India while zinc India’s volumes were […]

Oxus Gold issues shares in lieu of fee

Oxus Gold has issued 135,134 new ordinary shares to SP Angel Corporate Finance LLP, the company’s nominated adviser and broker, in lieu of certain fees due for the period from 1 October to the end of December. The new ordinary shares were issued to SP Angel at 1.85p apiece, the mid-market closing price on 30 […]

Oxus Gold issues shares in lieu of fee

Oxus Gold has issued 135,134 new ordinary shares to SP Angel Corporate Finance LLP, the company’s nominated adviser and broker, in lieu of certain fees due for the period from 1 October to the end of December. The new ordinary shares were issued to SP Angel at 1.85p apiece, the mid-market closing price on 30 […]

FTSE ends down after promising start

FTSE indices gave up early gains and ended down as Bank of England (BoE) held its benchmark interest rate at 0.5% and maintained its asset purchases programme at £375bn. Retail, telecom and airline stocks led the blue chip’s south. At the close, FTSE 100 was down 50.39 points, or 0.78%, to 6431.85. FTSE 250 was […]

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