8/10/2023 0 Comments Cornerstone berkeleySurface exploration work has already started on the prospect said Merlin Marr-Johnson, Erris’s chief executive.Īnd Vast Resources PLC ( LON:VAST) said it has signed a Memorandum of Understanding with Botswana Diamonds PLC ( LON:BOD) to investigate diamond opportunities together in Zimbabwe. Junior explorer Erris Resources plc ( LON:ERIS) announced that it has been awarded a licence for a new gold target in Sweden.Įnåsen no.5 comprises 59.4 sq km in central Sweden that surrounds the Enasen gold mine, which produced between 19. The Kumtor mine currently produces around half a million ounces of gold a year and is one of Kyrgyzstan’s biggest. Net direct cash costs net of by-product credits for the year stood at US$2.86 per pound of saleable copper.Ĭhaarat Gold Holdings Ltd ( LON:CGH) confirmed that the recent proposal it made in relation to the potential acquisition of the Kumtor mine from Centerra Gold Inc ( TSE:CG) values Kumtor at US$800mln. Total production hit 339,631 dry metric tonnes, up from 267,347 tonnes processed in 2016, a 27% increase representing the highest annual throughput on record. Rambler Metals and Mining PLC (CVE:RAB)( LON:RMM) told investors that it generated revenues of US$28.3mln in the year to December 2017, up from the US$28mln booked in the corresponding period a year ago.įourth quarter sales rose to US$8.4mln, up from US$7.3mln in the third quarter and US$5.4mln in the corresponding quarter in 2016. The change, according to managing director Paul Atherley, will allow the company to build support amongst European institutional investors whilst it is advancing activities on-site towards production. Next, drilling will shortly begin at the Monte Christo prospect - followed by the Blue Moon, Black Cat and Byron prospects.Įlsewhere, Berkeley Energia Limited ( LON:BKY), owner of the Salamanca Uranium Project, announced its intention to list the business in Spain as well as moving from AIM to the main board in London. The programme of work is part of a larger diamond drilling campaign which will span a number of the company’s gold projects in the region. The Australia-based exploration and mining company said it is moving towards production and revenue at Hellyer and is on target to commission the mill for production in the third quarter of 2018.ĮCR Minerals PLC ( LON:ECR) this week told investors that it has now completed drilling at the Bung Bong gold project in Central Victoria, Australia. Meanwhile, NQ Minerals PLC ( AQSE:NQMI) (OTCMKTS:NQMLF) said it is well underway with the refurbishment of the flotation plant for the restart of its flagship Hellyer polymetallic operation in Tasmania. Mkango Resources Ltd (LON:MKA, CVE:MKA) was a features this week after the firm revealed that the initial phases of the feasibility study for its Songwe Hill rare earths deposit has started.ĭrilling is targeted to commence within the next month, once all drill roads and pads are completed, Mkango said. Nevertheless, all content published by Proactive is edited and authored by humans, in line with best practice in regard to content production and search engine optimisation. Proactive will on occasion use automation and software tools, including generative AI. The team also has access to and use technologies to assist and enhance workflows. Our human content creators are equipped with many decades of valuable expertise and experience. Proactive has always been a forward looking and enthusiastic technology adopter. The team delivers news and unique insights across the market including but not confined to: biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto and emerging digital and EV technologies. This is content that excites and engages motivated private investors. We are experts in medium and small-cap markets, we also keep our community up to date with blue-chip companies, commodities and broader investment stories. Proactive news team spans the world’s key finance and investing hubs with bureaus and studios in London, New York, Toronto, Vancouver, Sydney and Perth. All our content is produced independently by our experienced and qualified teams of news journalists. Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and finance news content to a global investment audience.
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