Big stones from Lucara, Diamcor and Rockwell
September was a big month for big stones from Lucara Diamond (TSX: LUC), Diamcor Mining (TSXV: DMI) and Rockwell Diamonds’ (TSX: RDI) respective operations in Africa. In September, Lucara reported…
Africa
Rio Tinto to stay in the diamond business
Rio Tinto (RIO-N, RIO-L) announced in June that it will hang onto its diamond assets after all, concluding a strategic review of the business that the miner began in March…
Orezone issues paper for cash
Orezone Gold (TSX: ORE) has more money for its company coffers as it managed to raise another $5 million by issuing more equity.
Asanko gets the cash for Esaase
Asanko Gold (TSX: AKG) has taken a major step towards turning its Esaase gold project in Ghana into a mine.
Randgold’s Bristow defies Kibali ‘skeptics’
Those who questioned the wisdom of building the Kibali gold mine in the Democratic Republic of the Congo (DRC) were mistaken, Randgold Resources’ (LSE: RRS; US-OTC: GOLD) CEO Mark Bristow declared at a media briefing in Kinshasa in…
B2Gold makes all-share offer for Volta Resources
VANCOUVER — Shares of Volta Resources (TSE: VTR) doubled on Oct. 28, after the tabling of a friendly, all-share bid from diversified producer B2Gold (TSX: BTO; NYSE-MKT: BTG) values the junior gold explorer at US$63 million.
Avocet falters ahead of ramp-up
Avocet Mining (LSE: AVM; US-OTC: AVVGF) failed to impress the market with third-quarter production results from its Inata mine in Burkina Faso.
Kinross delivers Dvoinoye on budget, amidst job cuts
VANCOUVER — News is mixed for shareholders of Toronto-based producer Kinross Gold (TSX: K; NYSE: KGC), as the company pushes expansion plans while grappling with cost-cutting measures prompted by asset writedowns and weaker gold prices.
‘Unprecedented’ hit at Flatreef PGM deposit
A 90-metre intersection of 4.51 grams per tonne of platinum, palladium, rhodium and gold — plus 0.37% nickel and 0.20% copper — at Ivanhoe Mines’ (TSX: IVN; US-OTC: IVPAF) Flatreef deposit in South Africa has reignited talk of…
Platinum Group Metals faces cash shortfall at WBJV1 project
Platinum Group Metals (TSX: PTM; NYSE-MKT: PLG) suffered a major blow late last week when Africa Wide Mineral Prospecting and Exploration announced that it would not be funding a US$21.8 million cash call for its 26% share of the WBJV1 platinum…
Timis’ African Minerals moves fast in Sierra Leone
African Minerals (LSE: AMI) has accomplished a lot in four years, moving its flagship Tonkolili iron ore project in Sierra Leone from exploration to production, and achieving its target export run rate of 20 million tonnes per year during the…
Platinum Group Metals hits milestone
After discovering the Waterberg deposit in South Africa in 2011, Platinum Group Metals (TSX: PTM; NYSE-MKT: PLG) has expanded the project’s inferred resource three times in just one year: from 6.2 million oz. platinum, palladium and gold…