Galantas Gold Corporation reported a net loss of US$1,173,276 for the third quarter of 2021, lower than Q2, for its gold mine at Cavanacaw in Omagh, Northern Ireland. FINANCES In its unaudited third quarter results ended 30 September 2021, the Canadian company said that the loss, compared with Q3 2020: $776,956, was mainly due to […]
Tag: precious metals
Condor completes La India geotechnical drilling
Condor Gold plc has completed 21 geotechnical drill holes for 2,551.50m for the feasibility study (FS) at its 100% owned La India gold project in Nicaragua. INFORMATION The company said that the programme needed a total of 2,551.50m of oriented core drilling supported by optical and acoustic televiewer scanning, as well as geotechnical lab testing […]
Erris changes name to Green Glen Minerals
Erris Gold Resources Ltd has changed its name to Green Glen Minerals Ltd. LISTING The company registered the new name with Companies House on 26 November and aims to reregister as a public limited company in mid-December 2021. PROJECTS Green Glen is exploring for gold in Scotland and zinc-lead-silver-gold in Norway. It has also been […]
Hummingbird pauses Yanfolila due to nearby unrest
Hummingbird Resources plc lowered full-year production to below the bottom end of 2021 guidance range after regional unrest and illegal road blocks temporarily halted operations at its Yanfolila gold mine in Mali. SAFETY The company added that the activities had affected employee’s ability to work safely, which was Hummingbird’s priority. “The situation on site remains […]
Kavango targets majority share in Molopo
Kavango Resources plc said it had entered an exclusive three-month option to acquire the majority share of the nickel-copper-platinum group elements Molopo Farms Complex project in Botswana. BUSINESS PARTNERS In an all-share transaction Kavango would acquire 85.23% of Kalahari Key Mineral Exploration Proprietary Ltd (KKME) which owns prospecting licences PL310/2016, PL311/2016 and PL202/2018 at Molopo. […]
Oriole notes drilling refocus on Faré at Senala
Oriole Resources plc’s joint venture partner has restarted drilling at the Senala gold project in Senegal. PROGRAMME As part of its Year 4 earn-in, IAMGOLD Corporation has completed four holes for 401m at the Madina Bafé prospect to test the main northeast trending corridor. The Canadian company has refocused the remainder of its Year 4 budget towards […]