PMI Gold spikes as Obotan resource tops 4.5M oz.
Ghana-focused PMI Gold (PMV-V, PVM-A) has managed a 270% increase in gold resource at its Obotan project in a new resource estimate.
Africa
Merrex Gold thinks big in Mali
The hard-hit junior gold mining sector enjoyed a rare respite in October, but while many juniors moved up, Merrex Gold (MXI-V) was among the most favoured of them all.
Roxgold to raise another $11 million for Burkina Faso gold projects
Vancouver – One of 2011’s few success stories, Roxgold (ROG-V) has seen its share price rise from a low of 19.5¢ in February to a high of $1.55 in mid-October on the back of spectacular high-grade gold hits from its flagship Yaramoko gold…
Bannerman provides update on Hanlong’s offer
While Bannerman Resources (ban-t, bmn-a) says it’s not going “tie its hands down” in a long-term arrangement with Sichuan Hanlong Group, it is still open to an acquisition by the Chinese conglomerate.
Cte d’Ivoire troubles trip up Avion in Mali
Avion Gold (AVR-T) has fallen short of its third-quarter gold production target by 17%, owing to heavy rains and delays in receiving spare parts.
B2Gold, Auryx to hook up
B2Gold (BTO-T) and Auryx (AYX-T) have agreed to tie the knot through a plan of arrangement by year-end.
Roxgold has ‘spectacular’ gold hits in Burkina Faso
Vancouver-based Roxgold (ROG-V) keeps reporting intriguing results at its Yaramoko gold concession in western Burkina Faso, near Ouagadougou.
Montero looks to put Tanzania on REE map
Tanzania has established itself as one of Africa’s top gold-mining countries, but Montero Mining (mon-v) believes the nation could soon be known for mineralization of a different order.
PMI Gold spikes on Obotan resource update
Vancouver – Ghana-focused PMI Gold (PMV-V, PVM-A) has managed a 270% increase in gold resource at its Obotan project in a new resource estimate.
A Pick-3 from the Precious Metals Summit
While a host of juniors strutted their wares here at the Precious Metals Summit in mid-September, we recap the presentations of three companies that have a good chance of generating news in the coming months: Axmin (AXM-V), Malbex Resources…
China’s Minmetals strikes again
Minmetals Resources, in which China’s state-owned Minmetals Group holds a majority stake, is flexing its deal-making muscle again with a friendly takeover offer for Anvil Mining (AVM-T, AVM-A), an Australian company with a copper mine in the…
Avion misses its Q3 gold production target
Avion Gold (AVR-T) has missed its third quarter gold production by 17% due to heavy rains and delays for equipment parts.