Inmet to keep 80% of Cobre Panama, remains ‘open minded’

Panama mine developer Inmet Mining on Monday said it would hold on to its 80% interest in the Cobre Panama copper/gold/molybdenum project, while CEO Jochen Tilk added that the company remained “open minded” to potential suitors. The company,...

Extract in trading halt pending CGNPC offer

Uranium mine developer Extract Resources was granted a share trading halt on the ASX on Friday as the company awaited a downstream offer from China Guandong Nuclear Power Corporation (CGNPC) through its subsidiary Taurus Minerals. It was...

Company Announcement: Adamus Exceeds production targets for 2nd continuous quarter and positive cashflows achieved

During the September quarter Adamus Resources achieved total gold poured at its Nzema project in Ghana of more than 26,000 ounces. This was 5% above guidance, the result of higher than forecast tonnes milled and higher plant recoveries. Positive...

Quebec lithium mine’s site construction scheduled for third quarter

Mine developer Canada Lithium Corporation reports the initial site construction of a mine and lithium carbonate processing facility at its Québec Lithium Project, near Val d'Or, Québec, should start in the third quarter of this year. The...

Company Announcement: Gold One Cashflow Positive As South African Maiden Gold Production Continues To Ramp Up

Attached please find a press release on: South African gold miner, Gold One International Limited, says its flagship Modder East gold mine has now moved to a cashflow positive position with life-of-mine cash costs still expected to be below US$300...

Gold-miner Morning Star secures funding

ASX-listed gold producer Morning Star has secured funds to further develop its fully owned Woods Point gold project, in Eastern Victoria. The company raised A$715 000 from a group of investors, through selling shares at 10c apiece. This was the...