Mining

Changes at the top. North River, the AIM quoted resource company focused on the Namib Lead-Zinc Mine in Namibia, has announced the following changes to the Board: James Beams has been appointed to the Board as an Executive Director with immediate effect. Mr Beams joined the Company in January 2015 and will assume the role […]

RESULT OF AGM Ariana Resources, the Anglo-Turkish gold exploration and development company, has confirmed that all of the resolutions put to shareholders at the Company’s Annual General Meeting held today were duly passed. The Chairman, Michael de Villiers, made the following comments at today’s meeting: “Ariana Resources has been an AIM-listed company for 10 years. […]

Cash Placing of £0.55 Million Savannah Resources (LSE:SAV), advises that it has raised approximately £0.55 million cash (before expenses) through the placing of 21,900,000 new ordinary shares at a placing price of 2.5p per ordinary share with both new and existing investors. RFC Ambrian Limited acted as broker to the Placing. Savannah’s Chief Executive Officer, […]

Audited Final Results Paragon Diamonds Limited, the AIM quoted vertically integrated diamond development company in Lesotho, Africa, has announced its audit final results for the year ended 31 December 2014. Overview – Substantial progress made towards building a leading vertically integrated diamond company – retaining ownership of the journey of a stone from the ground […]

Drilling at the Mpokoto Gold Project Armadale, the AIM quoted investment company focused on natural resources projects in Africa, has commenced a 2,500m drilling programme in late July and undertake further analysis of the geological work conducted to-date with a view to increasing the current 678,000oz gold resource and optimising the already compelling economics of […]

Deal for Bird Preservation at International Mining Site LRAD Corporation (Nasdaq:LRAD), the world’s leading provider of advanced mass notification and Long Range Acoustic Device systems, today announced a $672,000 follow-on order for LRAD 1000X systems at an international mining site. The LRAD systems will be integrated with radar from DeTect, Inc., the world leader in […]

£500,000 debt financing, Acquisition update and Share buyback programme Paragon Diamonds Limited, the AIM quoted diamond development company, has announced that it has raised £500,000 of unsecured debt financing, from an investment company. The proceeds of the fundraise may be used to initiate a share buyback programme and to support short term working capital requirements […]

Potential acquisition of an interest in Manaila mine Vast, the AIM listed resource and development company, announces that it has progressed the its diligence investigation on the currently operating open pit polymetallic Manaila Mine in Suceava County, northern Romania to an advanced stage further to a pre-sale agreement to purchase a 50.1 per cent interest […]

Sirius Minerals shares (LSE:SXX) are expected to continue to going upwards in the context of an established uptrend. The price action supports this view as this analysis shows. From the beginning of January to the end of March 2015, the price moved in a tight consolidation phase, but it broke upwards significantly in April, moving […]

The situation on Bacanora Minerals stock (LSE:BCN) looks dicey, making traders wonder whether they should buy or sell. The recent bias was bullish but the price has been coming down since last month. The trend has turned bearish in the short-term. In the chart, 4 EMAs are used and they’re EMAs 10, 20, 50, and […]