Anglesey Mining plc has raised £200,000 via a placing of 12.5 million shares, representing approximately 6.7% of its current issued share capital, at 1.6 pence per share. SCOPING STUDY Proceeds will be used to incorporate all QME engineering and optimisation studies into an updated scoping study or preliminary economic assessment for Parys Mountain. Anglesey will […]
Tag: gold
Condor Gold makes ‘significant progress’ in de-risking La India
Condor Gold announced it had made significant progress in de-risking its open pit, associated mine infrastructure and planned operation plant at La India project in Nicaragua. RESOURCES The company said it had 1.12 million ounces of gold open pit mineral resources, including 8,583 thousands of tonnes (Kt) at 3.3g/t of gold for 903,000 oz gold […]
Condor Gold to be ‘shovel ready’ by year end
Condor Gold hopes to start using bulldozers by the end of this year to clear the site at La India gold mine in Nicaragua. In an interview with Proactive Investors, Condor’s chief executive Mark Child added that the company had been granted permits for two feeder pits and that he hoped the site would be […]
Power Metal targets major finds and financial independence
Power Metal Resources announced its future strategy was to make one or more major metal discoveries and work towards financial independence. ASSETS The company, which focuses on cobalt, copper, gold, lithium, nickel and PGMs, recently raised £1 million taking its total assets to £3.04 million. Power Metal is involved in five main projects and two […]
Scotgold starts slab pours and expands tunnels
Scotgold Resources Ltd has started slab pours ready to place equipment following resumption of blasting at the high grade Cononish gold and silver mine in Argyll, Scotland. WASTE ORE Operations had stopped due to the pandemic, but the Australian company is now focused on expanding tunnels to mine through rock which has no gold in […]
Galantas plans fundraise and loan facility increase
Galantas Gold Corporation has announced a proposed private placement of common shares and an increase to its loan facility for Cavanacaw gold mine near Omagh, Northern Ireland. The loan facility is with Ocean Partners UK and the Canadian miner intends to use the net proceeds of the placement to support mine operations and capital. The […]