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 […]
Tag: UK mining investment
Altus completes first closing on NSR for Caserones copper
Altus Strategies plc has completed the first closing of its agreement to acquire an effective 0.418% net smelter return royalty (NSR) interest on the producing Caserones copper mine located in the Atacama region of northern Chile. AQUISITION The mining royalty company is acquiring the NSR interest for $34.1 million through a strategic 50:50 partnership with […]
Red Rock marks record production at Tshipi
Red Rock Resources plc announced record production during October at its manganese-iron ore interests in Jupiter Mines Ltd in Northern Cape, South Africa. FINANCES Cash generated from operations at Tshipi Borwa mine during the third quarter was reported at AU$ 42.1m. Average FOB cost of production fell from Q2 to Q3 by approximately 15%. Cash […]