Hummingbird Resources plc reported an increase in gold production and a stronger balance sheet but a rise in costs in its third quarter results posted today. The gold exploration company operating in Guinea, Liberia and Mali in West Africa announced gold production rose to 24,722 oz of gold poured (Q2 2020: 24,054 oz) on an […]
Month: November 2024
Europa expects Inezgane to live up to its promise
Europa Oil & Gas (Holdings) said it hoped to build on initial encouraging results from the Inezgane licence near Agadir, Morocco after the company was granted a one-year extension to its permit. The hydrocarbon exploration, development and production company has so far mapped up to 10 billion barrels of unrisked oil resources. Morocco’s National Office […]
Factors shaping the UK ‘critical minerals’ strategy
FEATURE: Now that critical minerals have appeared on the world’s industrial radar, the UK must compete with bigger national geographies and immense purchasing powers to ensure its own supply. TIME AND SPEED The Government has outlined its industrial strategy to assess the country’s requirements and assets to tackle pressing issues such as mobility, green energy […]
Power Metal to drill at Silver Peak before winter
Power Metal Resources plc aims to start drilling for silver after signing a contract to test the Victoria Vein at the Silver Peak project in British Columbia, Canada. The project includes the Eureka-Victoria Silver Mine, the first Crown-granted mineral property in British Columbia. The drill programme is expected to be completed within a two-week window […]
Angus to increase stake in Brockham oil licence to 75%
Hydrocarbon company Angus Energy plc announced it hopes to acquire Doriemus plc’s 10% interest in the onshore oil Brockham Licence (PL235) in Surrey. The deal, if approved by the Oil & Gas Authority (OGA), would see Angus’ share in the licence increase from 65% to 75%. Angus also said it would ask shareholders at its […]
Work at Clogau gold mine unaffected by Covid
Alba Mineral Resources said its underground drilling programme at Clogau-St David’s Gold Mine would be unaffected by recent Covid-19 restrictions imposed in Wales. Wales will introduce a two-week ‘firebreak’ from 23 October to 9 November 2020 to help stop the pandemic. However the mining and hydrocarbon company is on schedule to complete the first phase […]