Metals & Minerals News

Condor to expand La India resource with infill drill

Condor Gold plc said it had started a 1,700m infill geotechnical drill programme at its La India open pit, Nicaragua. The five to six-week programme using two rigs aims to achieve a feasibility level of design by SRK Consulting (UK) Ltd as well as complement other feasibility study level programmes underway. Condor Gold added that […]

Metals & Minerals News

Cora signs Farani JV to strengthen position in Mali

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 […]

Finance Metals & Minerals News

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 […]

Metals & Minerals News

Hummingbird given Kouroussa mining licences

Hummingbird Resources plc has been granted mining licences for the Kouroussa gold project in Guinea.  MULTI-ASSET The licences have a 15-year renewable term with construction of the mine to start within a year. The company will pay an initial £10 million to Cassidy Gold Corp by issuing 35,248,441 new ordinary shares in Hummingbird, at 28.4 […]

Metals & Minerals News

Hummingbird notes new targets at Dugbe

Hummingbird Resources plc announced that new targets had been identified at Dugbe gold project in Liberia. The company’s joint venture partner Pasofino Gold Ltd conducted trenching on strike from the Tuzon deposit at the site. Results show a six-km long gold in soil trend extending south-westwards on strike from the 2 million oz (indicated mineral […]