Cora Gold Ltd has extended its land holdings with a joint venture on the Farani permit which lies within the miner’s Yanfolila Project Area, southern Mali. The permit covers 62 km2 and is next to Cora’s 100% owned Tagan permit, which in turn lies halfway between the company’s Sanankoro gold project and the Yanfolila gold […]
Day: 15 November 2024
Hummingbird on course to clear debt
Hummingbird Resources plc posted a stronger balance sheet and net cash position despite less gold produced from its projects in West Africa. EARN-IN The company faced higher costs and lower-than-expected gold production at Yanfolila due to Covid-19, a change in the mine plan, a coup in Mali which affected logistics, and extreme weather. For full year […]
Power Metal aims to become ‘stand-out performer’
Power Metal Resources plc has increased its assets, investments and working capital to grow its portfolio across Australia, Africa and North America. FINANCES In its unaudited interim results for the six months ended 31 March 2021, the junior miner recorded £2,692,474 raised through warrant exercises and held net assets of £4.6 million (30 September 2020: […]