Altus Strategies plc has completed the second and final closing to acquire 0.418% net smelter return royalty (NSR) interest on the producing Caserones copper mine in the Atacama region of northern Chile. Altus is acquiring the NSR interest for US$34.1 million through a strategic 50:50 partnership with EMX Royalty Corporation. Altus and EMX have created […]
Tag: extractive industries
Serica appoints Andy Bell as CFO and a director
Serica Energy plc has appointed Andy Bell as chief financial officer and a director of the company with immediate effect. Mr Bell joined the company in 2017 as vice president of finance after previously providing financial consultancy services to Serica. He has extensive experience of upstream finance and systems of reporting and control, having worked […]
Power Metal raises £100,000 via warrant exercise
Power Metal Resources plc raised £100,000 following notice to exercise warrants over 5,000,000 new ordinary shares of 0.1 pence each (warrant shares). The warrant shares are issued pursuant to the exercise of 5,000,000 warrants at an exercise price of 2.0 pence per ordinary share of 0.1 pence each in the company.
Altus confirms new parallel gold zone at Tabakarole
Altus Strategies plc confirmed the discovery of a significant new parallel zone of gold mineralisation at its joint venture Tabakorole gold project in southern Mali. RESULTS The current drilling programme is designed to test the potential to expand the Tabakorole deposit on which a mineral resource estimate (MRE) has been modelled. Results from eight diamond […]
Scotgold revenues exceed operational costs at Cononish
Scotgold Resources Ltd said that production revenues have exceeded operating costs for the first time at the Cononish gold-silver mine near Tyndrum in Scotland. REVENUES The company reported that two shipments of gold concentrate completed during August. These were just over 50 tonnes of concentrate at an average of 333g/t Au per tonne, equating to […]
Conroy Gold advances JV talks over gold licences in Ireland
Conroy Gold and Natural Resources plc said that the definitive agreements for the proposed joint venture with Demir Export A.S. have reached an advanced stage for the 65km district-scale gold trend in the Longford-Down Massif in Ireland. LICENCES The company added that following completion of documentation an EGM would be held to seek shareholder approval. […]