Mining

Talvivaara Mining Company (LSE:TALV) assured its shareholders the company has enough cash to support its operation for the rest of the year and its employees are not endangered of losing their jobs. The base metals miner made the statement today, in response to “recent  publicly reported claims regarding the development of the Company’s cash position  […]

High hopes are being placed on mineral resources explorer Beowulf Mining plc (LSE:BEM) with the release of assay results from its iron ore project in Sweden. Shares soared 10.5% in early morning trading today and settled at 10.25 pence by 12:00 PM GMT, after the Sweden-focussed “guardian of treasure” said significant high-grade iron mineralisation reaching […]

UPDATED: Pan African Resources plc (LSE:PAF) is to sell its Manica Gold Project  in Mozambique for Au$6 million in its plan to focus on its assets in South Africa but will still hold an indirect interest in the project, the company announced Wednesday, 9th August 2012. In a statement, the company revealed it has entered […]

UPDATED: Condor Gold plc (LSE:CNR) has concluded its drilling programme at its 100% owned La India Project in Nicaragua and said it is ready to present an updated resources estimate by September 2012. Eleven holes were drilled during the final phase of the programme for a combined depth of 1,890 metres and encountered mineralisations of […]

Sierra Leone-focussed miner African Minerals Limited (LSE:AMI) revised its guidance for the year to produce only about five to six million tonnes of iron ore, sending shares down 15.42% to £2.535 in early morning trading today. In a statement, African Minerals said the severe wet season has resulted in material handling issues and delay in […]

The Gold price has raced ahead by $32.30 to $1672.80 an ounce today thanks to the release of the last minutes of the meeting of the Federal Reserve Open Markets Committee (FOMC) that showed QE3 is just inevitable. Like we did not know that already. But this is just the start. Phrases involving genies and […]

How was it possible for one miner to produce more gold at a higher price and yet report a 90% dilution of profit? That must have been the question in every Petropavlovsk plc’s (LSE:POG) shareholder’s mind right now after reading the half year results released today. All 286,074 ounces of gold sold at a price […]

The shares price of Petropavlovsk (LSE:POG) have gapped down with significant selling pressure. This is a bear market, but the market condition has been very difficult recently. The crucial thing is to pinpoint high probability entries or stay out of this market – as the analysis below would reveal. Every trader may derive gains from […]

The long wait is over. Shanta Gold Limited (LSE:SHG) is finally on its way to produce between 13,000 and 17,500 ounces of gold from its New Luika Gold mine in Tanzania by the fourth quarter of 2012, the company said today. Shares of the Shanta Gold, trading on the Alternative Investment Market, gained 11.4% to […]

The conflict at the Lonmin (LSE:LMI) Marikana platinum mine is nearing epic proportions.  Lonmin share price fell by 8% as the market opened, but staged a modest comeback to 636.00, down a more marginal 1.85% (12.00 pence) by early afternoon as investors try to cope with the increasing violence. How Bad Is The Violence? So […]