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Creamer Media Reporter

Boreal to initiate new drilling programme at Gumsberg

4th December 2018 Minerals explorer Boreal Metals is making progress with its Scandinavia projects, the company reported this week, as it wrapped up a drilling programme at Burfjord, in Norway, and announced that it would initiate follow-up drilling at Gumsberg, Sweden. At the early-stage Burfjord prospect,... 

Shareholders back Herencia with $120k in funding

4th December 2018 Two of Herencia Resources shareholders have agreed to advance $120 000 to the company, which the Aim-listed firm said on Tuesday would provide sufficient funds through to the end of January. The Chile-focused junior explorer and developer warned, though, that its working capital position... 

Nordic pours first gold at Finland mine

4th December 2018 TSX-V-listed Nordic Gold has completed the first gold pour at its Laiva mine, in Finland, which president and CEO Michael Hepworth said on Monday was a “critical, but vital” step in returning the mine to commercial production. A total of 1 234 oz of doré was poured. 

Financially troubled Bellzone’s shares suspended

3rd December 2018 West Africa-focused Bellzone Mining requested a suspension of trading in its shares on the London bourse on Monday, warning that it would go insolvent if it could not source funds in the “very near term”. The troubled company, which develops iron-ore and nickel/copper assets in Guinea, previously... 

SSR in commercial production at Chinchillas

3rd December 2018 Canada-based SSR has declared commercial production at the Chinchillas mine, which forms part of its Puna Operations joint venture in Argentina. Chincillas is 42 km from the Pirquitas plant, which is currently processing Chincillas ore at a rate of 3 000 t/d and is expected to ramp up to 4 000... 

La Parrilla’s first export shipment sent off

3rd December 2018 The first shipment of tungsten concentrate has left the La Parrilla mine, in Spain, destined for a customer in Europe, Aim-listed W Resources reported on Monday. The first shipment comes as W last month commenced an early start-up of concentrate production at the mine, allowing it to generate... 

Kirkland’s Fosterville firing on all cylinders

30th November 2018 The Fosterville mine in Victoria, Australia, is heading for record quarterly production and is expected to beat the upper-end of its guidance, which will result in owner Kirkland Lake exceeding its consolidated target range 655 000 oz to 670 000 oz this year. The Fosterville mine is expected to... 

Lithium markets to be oversupplied despite EV growth – Moody’s

30th November 2018 The lithium market is expected to be in oversupply in the early 2020s, despite rapid demand growth from the electric vehicle (EV) battery industry, a new report by Moody’s Investor Services states. Lead author Joseph Princiotta says the surpluses will be greatest between 2020 and 2022, when a... 

Saldanha iron-ore rail line to remain shut until Dec 9 after truck accident

30th November 2018 State-owned Transnet has stopped all rail activity along the Saldanha iron-ore export line after a truck carrying an abnormal load with excessive height collided with a railway bridge between Vredendal and Lutzville, in the Western Cape. The accident, which took place at about 10:00 on Wednesday... 

Galantas private placement secures maximum subscriptions

30th November 2018 Dual-listed Galantas Gold has received subscription agreements for the £4-million that it had set out to raise in its private placement of 80-million shares. The company, which is building the Omagh underground mine in Northern Ireland, said on Friday that London-based investment manager Melquart... 

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