Cora Gold Ltd recorded an increase in losses as it progressed its Sanankoro project in the Yanfolila gold belt, southern Mali. FINANCES The company’s interim results for the six months ended 30 June 2022 showed losses of US$954,000 (H1 2021: $716,000). Cash and equivalents fell to $2,022,000 (H1 2021: $5,676,000). OPERATIONS During H1 2022, Cora completed a […]
Tag: precious metals
Caerus blocked by military from Kalavasos dumps
Caerus Mineral Resource plc has been blocked by a military buffer zone and refused permission to renew its licence to explore waste dumps for copper and gold at the Kalavasos project in Cyprus. KALAVASOS The company’s subsidiary New Cyprus Copper (NCC) holds four licences in the region as part of Caerus’s ‘clean energy’ initiative with […]
Red Rock intersects gold and mineralised zones at Bilbale
Red Rock Resources plc reported that three of four holes encountered gold and one intersected three gold mineralised zones from reverse circulation (RC) drilling at the Bilbale licence, southwest Burkina Faso. LICENCES Chairman Andrew Bell added that the mineralisation included a high grade zone near surface. The assets are held by Faso Greenstone Resources SARL […]
Galantas receives C$264,333 via warrant exercise
Galantas Gold Corporation received C$264,333.60 (£174,000) from the early exercise of 700,000 warrants at C$0.33 and 83,334 warrants at C$0.40 by investor Ocean Partners UK Ltd. Following admission, Ocean Partners will have a 4,116,668 common shares representing 4% of the company’s issued share capita. The number of common shares in issue in the Canadian miner […]
Scotgold CEO granted options for 400,000 depositary interests
Scotgold Resources Ltd granted unlisted options over 400,000 depositary interests of no par value each in the company with an exercise price of 75p to chief executive Philip Day. The award is in line with the terms of Mr Day’s employment. The shares, which vest on 1 September 2025, have an expiry date of 31 August 2027. […]
Alba receives £22,000 via warrant exercise
Alba Mineral Resources plc received £22,000 following notice to exercise warrants for 16,923,077 shares. The warrants have an exercise price of 0.13p per share and an expiry date of 4 September 2022. Following admission, the total number of ordinary shares in issue will be 6,621,568,996.