Condor Gold plc today announced it had increased its environmental and social engagement programmes at its La India project in Nicaragua. The miner’s Environmental and Social Management System includes environment, community, health and safety and human resources. ENVIRONMENT In its 2020 financial report, Condor said that the main local main local focus was the drinking […]
Month: November 2024
Scotgold still hindered by Covid-19 at Cononish mine
Scotgold Resources Ltd today said that Covid-19 continued to thwart developments at the Cononish gold and silver mine in Scotland. The filter press issues announced in February have continued through most of March and hampered production, although progress has been made in recent days to resolving these issues. The company said that, once resolved and […]
Scotgold Resources raises £1.5m through placing
Scotgold Resources Ltd raised £1.5 million before expenses via a placing of 2,142,857 depositary interests of no par value in the company at a price of 70p per new ordinary share. Bridge Barn Ltd, a company owned and controlled by Scotgold’s chairman, Nathaniel (Nat) le Roux, will provide additional debt funding of £500,000 if required.
Altona losses rise as rare earths plan takes shape
Altona Rare Earths plc reported higher losses in 2020 reflecting an increase in the companies’ move towards its new focus on rare earths elements (REEs). For the six months ended 31 December 2020, the company recorded losses of £119,000 (H1 2019: £78,000). The group had total liabilities of £536,000 at 31 December 2020 (H1 2019: […]
Condor Gold records transformational 2020
Condor Gold plc said its activities during 2020 had been transformational as it reported a decrease in losses and increased fundraising and cash balance for its La India project in Nicaragua. For the year 2020, the group’s losses were £1,309,992 (2019: £1,542,781). The company raised a total of £8 million after expenses (2019: £5.8m), and […]
Altona nears 70% interest in Nankoma
Altona Rare Earths plc announced it had signed an option deed to acquire a 70% legal and beneficial interest in Leadway Group Ltd, owner of the Nankoma rare earths project in Uganda. The project is in exploration licence EL00115, covering an area of 67.5 km2 and is located some 50km east of Jinja, which lies 130km […]