Banro (BAA-T, BAA-X) intends to secure a larger financing package of up to US$100 million to get its delayed Namoya gold project in the Maniema province of the Democratic Republic of the Congo (DRC) into production by year end.
In an interview in Toronto with The Northern Miner last year, Amara Mining (AMZ-T, AMA-L) chief executive Peter Spivey predicted the company would release an updated resource estimate defining a large mineralized sulphide deposit underlying…
Last year marked the second year of production at Nevsun Resources (NSU-T, NSU-N) 60%-owned Bisha mine in Eritrea and already its balance sheet is the envy of many companies in the industry.
Liberia is getting close to getting its first modern commercial gold mine.
Investors holding paper in most gold producers and explorers have been disappointed recently, but it’s been a different story for investors in gold royalty companies.
Banro shares (BAA-T, BAA-X) slumped nearly 22% after the gold explorer announced the sudden departure of its president and CEO, Simon Village, after markets closed on March 6.
VANCOUVER — It has been a busy start to the year for Saskatoon-based rare earth outfit Great Western Minerals (GWG-V) and its past-producing Steenkampskraal project located roughly 350 km north of Cape Town, South Africa. The company…
VANCOUVER – Bigger may be better, but Galane Gold (GG-V) is showing that a small gold operation can keep a company profitable and fund the exploration programs needed to continually add new ounces to its gold resource count.
The shift from quantity to returns have led to numerous headaches for miners with project delays, hefty write downs and CEO departures as companies struggle to tackle escalating costs that have caught up with the rising commodity prices, said…
Endeavour Mining (EDV-T, EVR-A) has its own way of dealing with recent stingy market valuations for gold companies: put its head down and dig.
Resource nationalism is infectious, and as more mining jurisdictions take resource nationalist measures, others come under domestic pressure to do the same, said Peter Leon, head of Africa Mining and Energy projects at Johannesburg-based law…
Legendary mining promoter Robert Friedland is looking to strike it big again — this time with Ivanplats’ (IVP-T) high-grade precious and base metals projects in Africa.
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