Allied Gold raises A$93,8m, plans to move to London main market

Gold-miner Allied Gold on Wednesday completed its A$93,8-million share placement to retire its existing debt facilities and provide working capital. The miner said in a statement that it would issue 156,3-million shares, at 60c a share, with the...

Allied finds more gold at Simberi’s Botlu deposit

Gold-miner Allied Gold has declared a 172% inferred mineral resource increase at the Botlu deposit, which forms part of its Simberi gold mine, in Papua New Guinea. The Botlu deposit is now estimated to host 8,4-million tons, grading 1,59 g/t...

Repairs to impact on Simberi’s quarterly output – Allied

Gold-miner Allied Gold expects March quarterly gold production from its Simberi gold mine, in Papua New Guinea, to be at the lower end of its 15 000 oz to 18 000 oz guidance. The company explained that milling and processing had to be stopped...

Allied Gold swings to profit, output up 18%

ASX-, TSX- and Aim-listed Allied Gold is back in the black after reporting a an after-tax profit of $9,3-million for the interim period ended December, compared with a loss of $22,4-million in the corresponding half year. Revenue for the six...

Allied Gold targeting 320 000 oz/y by 2015

Australia-based Allied Gold, which owns projects in Papua New Guinea and the Solomon Islands, could increase its production to 320 000 oz/y by 2015, it said on Wednesday. This comes as a prefeasibility study indicated that it could increase its...

Allied Gold to appoint EPC contractor for PNG expansion

Aim-, ASX and TSX-listed Allied Gold planned to appoint Perth-based GR Engineering Services as engineering, procurement and construction (EPC) contractor for a three-million ton a year gold treatment plant expansion at its Simberi gold project, in...

Allied Gold to award EPC contract for Gold Ridge project

Aim-, ASX and TSX-listed Allied Gold plans to award the engineering, procurement and construction (EPC) contract for the refurbishment and expansion of its Gold Ridge project on the Solomon Islands to GR Engineering Services. Allied Gold CEO and...

Allied Gold resumes operations at PNG mine

Full output at gold producer Allied Gold’s Simberi mine, in Papua New Guinea (PNG), resumed on Monday after a previously imposed cease work order had been lifted by the Mineral Resources Authority (MRA) of PNG. The MRA had imposed the order on...

Allied Gold to bid for Australian Solomons Gold

ASX- and Aim-listed Allied Gold on Thursday stated that it would make an off-market takeover offer for TSX-listed Australian Solomons Gold (ASG). The two companies said in a joint statement on Thursday that the combined company would a large...

MRC issues shares to fund Tormin mineral sands project

ASX-listed Mineral Commodities (MRC) has issued over 18-million new ordinary shares to fund the initial development stages of its Tormin mineral sands project, on the west coast of South Africa. The company issued the shares at A$0,02 apiece,...

Zircon project selects new BEE partner

ASX-listed Mineral Commodities (MRC) has settled the matter of selecting a new black economic-empowerment (BEE) partner and is awaiting comment from the Department of Minerals and Energy (DME) on the matter.

MRC wins Tormin mining right, still waiting for Xolobeni approval

ASX-listed Mineral Commodities (MRC) this week reported that its South African subsidiary, Mineral Sands Resources, had been granted the mining right for its Tormin mineral sands project near Lutzville in the Northern Cape, from the Department of...