Hummingbird Resources plc said that the external assurance audit had started for the Year 3 World Gold Council (WGC) responsible gold mining principles (RGMPs) requirements. OUTCOME The company began the audit during Q2 2022 as reported in its operations and financial report. Hummingbird added it had a dedicated ESG team and external consultants in place […]
Month: November 2024
Hummingbird increases Yanfolila production
Hummingbird Resources plc reported a rise in production at Yanfolila gold mine in Mali and further progress at its projects in Guinea and Liberia. INFLATION In its second quarter report for 2022, the company posted production increased 29% from Q1 2022 to 20,013 oz gold (Q1 2022: 15,548oz). All-in sustaining cost (AISC) fell by 17% to […]
CRL might defer drilling due to lack of drill and crews
Cornwall Resources Ltd said that a drill and crews shortage might delay its four-hole drill campaign on a previously identified tin prospect, west of the Redmoor tin-tungsten-copper project. HIGH ACTIVITY Parent company Strategic Minerals plc reported that high activity in the region by other companies had led to a lack of machinery and personnel. Cornwall […]
UKOG to farm out Loxley appraisal well
UK Oil & Gas plc will conduct a pre-planned farm-out programme for the Loxley gas appraisal project in Surrey. PRUDENT UKOG added that the farm-out for PEDL234 would see the prospective partner carry either all or part of the costs. “The company believes that this is the most prudent course of action to both manage […]
UKOG to raise further funds for Basur-1 seismic
UK Oil & Gas plc (UKOG) said it would need to raise further funds for its joint venture (JV) partner to shoot further unbudgeted seismic at the the Basur-1 oil discovery on the Resan licence in Türkiye. FINANCES UKOG added that a longer-than-expected seismic acquisition period over winter had also required additional previously unbudgeted working […]
Power Metal receives £78,947 via warrant exercise
Power Metal Resources plc has received £78,947 from an exercise of warrants. The company received notice to exercise warrants over 10,526,315 new ordinary shares of 0.1 pence each in the company at an exercise price of 0.75p per warrant share. Following admission, the company’s issued share capital will comprise 1,513,259,765 ordinary shares of 0.1p each.