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 […]
Tag: precious metals
Power Metal aims to become ‘stand-out performer’
Power Metal Resources plc has increased its assets, investments and working capital to grow its portfolio across Australia, Africa and North America. FINANCES In its unaudited interim results for the six months ended 31 March 2021, the junior miner recorded £2,692,474 raised through warrant exercises and held net assets of £4.6 million (30 September 2020: […]
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 […]
Galantas Gold appoints Brendan Morris as COO
Galantas Gold Corporation has appointed Brendan Morris as chief operating officer in a non-board role. Mr Morris is a chartered mining engineer with more than 40 years of experience in mining and quarrying in Ireland, the United Kingdom, the United Arab Emirates and Canada. He has more than 25 years’ practical experience in management, in […]
Conroy Gold starts 2021 drill programme at Clontibret
Conroy Gold and Natural Resources plc has started its 2021 drill campaign at its gold target in Clontibret in County Monaghan, Ireland. Two holes are currently being drilled at the site and will form part of the work programme and due diligence by the company’s proposed joint venture Turkish partner Demir Export A.S. The Clontibret […]
Oriole’s partner starts Y4 drilling at Senala
Oriole Resources plc announced that its joint venture (JV) partner has started its year 4 exploration programme at the Senala gold project in southeast Senegal. IAMGOLD Corporation will undertake a planned 11,000 metres of reverse circulation (RC) and diamond drilling at the Faré and Madina Bafé prospects. The Canadian miner has the option to spend […]