Galantas Gold Corporation announced no revenues and a marginal reduction in losses from Cavancaw mine in Omagh, Northern Ireland. In its audited annual financial results for the year ended 31 December 2020, the Canadian miner reported net losses of CA$3,228,452 (2019: $3,564,609). Galantas had a working capital deficit of CA$7,710,084 (2019: $6,093,200). Cash outflow from […]
Tag: precious metals
Scotgold resolves technical issues but production will be slow
Scotgold Resources Ltd announced it had resolved outstanding technical issues but production would be slower than originally planned at its Cononish gold and silver mine near Tyndrum, Scotland. The company added that the delay to production had also resulted in a look at financing options, including from its directors. The Australian miner, with headquarters in […]
Alba notes multiple mineralised gold zones at Clogau
Alba Mineral Resources plc announced confirmation of multiple mineralised gold zones from Phase 1 drilling results at Clogau-St David’s gold mine in North Wales. The miner said that results from the Llechfraith lode proved gold mineralisation in the veins identified from the drilling with individual values up to 4.25g/t. The campaign, comprising 10 drill holes […]
Cora posts promising first 2021 Sanankoro drill results
Cora Gold Ltd announced “extremely promising” first results from its 2021 drill programme at Sanankoro gold project in Southern Mali. The miner has to date drilled 79 holes totalling more than 7,500m from the start of the campaign to 18 April. The first 58 holes totalling some 5,531m, were drilled at the Selin prospect in […]
Hummingbird appoints Anthony Kocken as COO
Hummingbird Resources plc has appointed Anthony Kocken as chief operating officer. The miner has also appointed Luke Main as its group people and performance officer. Anthony Kocken has more than 23 years operational and senior management expertise, predominantly working on African projects. He has spent 18 years in various managerial positions, including COO for African […]
Galantas to raise up to £3.8m for Cavanacaw
Galantas Gold Corporation announced a proposed private placement to finance full commercial production and increase high grade resource at Cavanacaw mine in Omagh, Northern Ireland. PLACEMENT The private placement consists of a minimum of 17 to 22 million units at C$0.30 (17p) per unit, where each unit comprises one common share and one warrant. The […]