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.
Africa
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.
Roxgold finds more “spectacular” gold hits
Roxgold (ROG-V) keeps hitting intriguing results at its Yaramoko gold concession in western Burkina Faso, near the capital city Ouagadougou.
The difficulties of mining in Africa
Mining companies looking to do business in an African country need to be aware of the complexities they will likely face – from securing debt financing, to political risks in complying with local anti-bribery laws.
Maya Gold & Silver turns to Morocco’s silver and gold riches
Maya Gold & Silver (MYA-V) has its eyes on another past-producing precious-metal mine in Morocco – this time, the Zgounder silver mine in central Morocco’s Anti-Atlas mountains.
China’s Minmetals strikes again
Minmetals Resources, in which China’s state-owned Minmetals Group holds a majority stake, is flexing its muscle again with a friendly takeover offer for Anvil Mining (AVM-T), a Canadian company with a copper mine in the Democratic Republic of…
Highlights from Precious Metals Summit, Part I
Over the next to days The Northern Miner will look back at some of the stand-out presentations from the Precious Metals Summit, which took place in Vail, Colorado in mid-September. Today’s segment will look at presentations made by the chief…
Allana Potash adopts shareholder rights plan
In an effort to discourage any unsolicited and unfair takeover bids Allana Potash (AAA-T, ALLRF-O) announced yesterday that it is adopting a shareholder rights plan. But the company emphasized that while it is in talks with various strategic…
Iamgold sells Mupane gold mine
Iamgold (IMG-T, IAG-N) has pruned the last of its non-core assets with the recent sale of the Mupane gold mine in Botswana to Galane Gold (GG-V).
Perseus pours first gold
Perth, Australia-based Perseus Mining (PRU-T, PRU-A) has started producing gold from its Central Ashanti gold project in Ghana’s renowned Ashanti gold belt.