Banro shares plummet as CEO exits, costs rise at Namoya
Banro (BAA-T, BAA-X) slumped nearly 22% after the gold explorer announced the sudden departure of its president and chief executive, Simon Village, after markets closed on March 6.
Africa
TrueGold makes good first impression
Riverstone Resources’ name change seems to be doing the trick.
“This is the beginning of the African decade,” says Robert Friedland
Shares of Ivanplats (IVP-T) began trading on the Toronto Stock Exchange in October 2012, but the company, founded by Singapore-based mining entrepreneur Robert Friedland, has been exploring in Africa since 1994. Today Ivanplats has discoveries…
Merger notification rules in Africa are unclear, lawyer says
New merger notification rules could become a costly burden for companies operating in 19 countries in eastern and southern Africa, warns John Bodrug, a partner at Davies, Ward Phillips & Vineberg LLP.
Sherritt reports loss, but boosts dividend on back of Ambatovy
Sherritt International (S-T) has shouldered such industry-wide hardships as lower commodity prices and higher costs, but the company is signalling its bullishness for the future by increasing its dividend, despite reporting a…
Sherritt reports loss but boosts dividend on back of Ambatovy
Sherritt International (S-T) had to shoulder some of the same industry wide hardships as lower commodity prices and higher costs, but the company signaled its bullishness for the future by increasing its dividend despite reporting a fourth…
Commentary: Gold mines and gravestones in the Sahara
When an African gold-mining operation ran up against unusual rock formations that according to local rumours might be human graves, a religious ruling forced mine expansion plans to be put on hold.
Nordgold opens Bissa mine in Burkina Faso
BISSA, BURKINA FASO — Just 15 months after starting construction, Nordgold (NORD-L) has entered production at its Bissa open-pit gold mine in Burkina Faso, located in the rural commune of Sabce, 100 km north of the capital Ouagadougou.
Barrick takes US$3.8B writedown on Lumwana
VANCOUVER — Copper isn’t turning out to be the growth avenue Barrick Gold (ABX-T, ABX-N) hoped it would be.
Energizer outlines graphite economics
VANCOUVER — A busy 12 months for Toronto-based explorer Energizer Resources (EGZ-T) culminated on Feb. 26 with the release of a preliminary economic assessment (PEA) on its Molo graphite deposit, 145 km southeast of the city of Toliara in…
Semafo’s Siou does not disappoint
Semafo (SMF-T) discovered the Siou gold mineralized sector in the southern sector of its Mana property in Burkina Faso during the third quarter of 2012, and has lost little time carving out an initial inferred resource. If advanced to…
Energizer outlines graphite economics in Madagascar
VANCOUVER — A busy twelve months for Toronto-based explorer Energizer Resources (EGZ-T) culminated on Feb. 26 with the release of a preliminary economic assessment (PEA) on its Molo graphite deposit 145 km southeast of the city of Toliara…