Read More Precious metals Articles

Mining Sector: TSG gives Asacha mining and output update

Trans-Siberian Gold (LON:TSG) reports that mine development activities at Asacha in the first quarter of 2015 comprised about 1,152 metres, while ore extraction (including ore from stoping and mine development) amounted to 43,598 metric tonnes. Plant throughput averaged 13,233 tonnes per month (5.8% above planned 12,500 tonnes). * * * Sirius Minerals (LON:SXX) said an […]

TSG gives Asacha mining, output update

Trans-Siberian Gold reports that mine development activities at Asacha in the first quarter of 2015 comprised about 1,152 metres, while ore extraction (including ore from stoping and mine development) amounted to 43,598 metric tonnes. Plant throughput averaged 13,233 tonnes per month (5.8% above planned 12,500 tonnes). Story provided by StockMarketWire.com

Mining Sector: Anglo Asian up after Gedabek mine output increases

Azerbaijan-focused Anglo Asian Mining’s (LON:AAZ) shares were up in late trading after gold production from its Gedabek mine increased to 17,193 ounces in the first quarter with 11,222 ounces from the agitation leaching plant, 5,963 ounces from heap leach operations and 8 ounces from SART processing (Q4 2014: total 17,053 ounces). Gold production was 52 […]

MARL gains 100% ownership of Ergama prospect

Mariana Resources has received notification from Teck Madencilik Sanayi Ticaret A.S. that it has terminated its one-time back-in right at the Ergama gold-copper prospect, Balikesir Province, western Turkey. As a direct result of this notification, Mariana will regain 100% ownership of the 2,168 Ha Ergama property, with Teck retaining a 2% NSR with respect to […]

Mining Roundup

KEFI Minerals’ (LON:KEFI) shares were up in late trading after it was granted a mining licence for the company’s Tulu Kapi gold project in Ethiopia. This follows the official signing of the mining agreement by the Ethiopian minister for mines, Tolassa Shagi Moti, and KEFI’s executive chairman, Harry Anagnostaras-Adams. The minister said: “Responsible mine development […]

ORM gives Barruecopardo Project financing update

Ormonde Mining said, regarding proposed project financing by Oaktree Capital Management for its flagship Barruecopardo Tungsten Project in Salamanca, significant progress has been made during the exclusivity perio. The parties expected to be in a position to finalise agreements shortly. A further announcement will be made in due course. Story provided by StockMarketWire.com

Kirkland Lake Gold adds to reserves

Kirkland Lake Gold added to its reserve base and saw an increase in the reserve grade with no adjustments to gold price assumptions or cut-off grades in the year to the end of December. The update for its mineral reserve and resource estimates include the Macassa Mine Complex (which includes the ’04, Main Break and […]

Mining Roundup

Vedanta (LON:VED) was down in late trading having reported Q4 oil and gas production at a normalised level, but noting that FY output was lower due to the planned maintenance shutdown in Q2. Average daily gross operated production for Q4 2015 was 215,553 boepd, down 4% on the 224,429 boepd a year earlier. Average daily […]

FTSE up as BoE holds rates, UK oil minors soar

FTSE indices closed higher on multiple blue-chip sectors after Bank of England held its benchmark rate at 0.5% and QE programme at £375bn. Several penny dreadful oil stocks soared on news surrounding the Horse Hill-1 well near Gatwick. Wall St fell on US jobless data. FTSE 100 closed up 46.89 points, or 0.68%, to 6984.3. […]

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