Richard Floyd

This week we profile Richard Floyd, CEO of Aurous Resources, a South African gold mining company which owns the Blyvoor mine and the Gauta tailing project 

MinRes makes board changes

ASX-listed Mineral Resources (minRes) has announced the appointment of Jacqueline McGill to the board as an independent nonexecutive director, with effect from January 31. McGill is a highly... 

Santos and Barossa JV partners invest in Aboriginal communities

Oil and gas major Santos and its joint venture (JV) partners in the Barossa gas project on Thursday announced they would invest up to A$10-million in Northern Territory coastal Aboriginal... 

Northern Graphite launches battery materials group to spearhead mine-to-battery strategy

Ottawa-headquartered Northern Graphite on Wednesday announced the launch of the NGC Battery Materials Group to spearhead its mine-to-battery strategy, which will make the company one of only a few... 

Gem increases production, but lower prices bite

London-listed Gem Diamonds recovered 109 656 ct of diamonds from its Letšeng mine, in Lesotho, for 2023 – an increase on the 106 704 ct recovered in 2022. In a trading update on the company's... 

OceanaGold sells stake in NZ mine

Vancouver-headquartered OceanaGold on Wednesday announced the sale of its interest in the Blackwater project, in New Zealand, to Tasman Mining, a subsidiary of Federation Mining. This comes as... 

Former BHP exec to chair iron-ore junior exploring Madagascar

Graeme Hunt, a former BHP iron-ore president, has been appointed chairperson of ASX-listed Akora Resources with effect from February 1. MD and CEO Paul Bibby says Hunt’s extensive iron-ore... 

Hummingbird sets 2024 guidance at up to 200 000 oz as Kouroussa ramps up

Aim-listed Hummingbird Resources has set its group production guidance for this year at between 165 000 oz and 200 000 oz at an all-in sustaining cost (AISC) below $1 500/oz. The miner's Yanfolila... 

Patriot Battery Metals graduates to TSX

Hard-rock lithium exploration company Patriot Battery Metals has received final approval from the TSX to list its common shares, effective upon market open on Thursday. The shares will trade under... 

Optical sorter arrives at URA's Gravelotte mine

London-listed URA Holdings' Gravelotte emerald mine, in South Africa's Limpopo province, has taken delivery of an optical sorter – an important step in the mine's transition to operational status.... 

Botswana Diamonds-led consortium awarded prospecting licence in Eswatini

A consortium called Diamonds of Eswatini, in which London- and Botswana-listed Botswana Diamonds holds a 30% interest, has been awarded a prospecting licence over the diamondiferous Dokowayo... 

Resolute trims 2024 guidance

Gold miner Resolute Mining has lowered its production expectations for 2024, citing an expected more conservative contribution from the Syama operation, in Mali. The company’s guidance for the... 

Solid US demand helps stabilise diamond industry – Cook

Diamond miner De Beers recorded provisional rough diamond sales of $370-million in its first sales cycle of this year. This was lower than the $454-million of sales recorded for the first sales... 

Resource update paves way for Youanmi PFS

Western Australia-focused Rox Resources has updated the mineral resource estimate (MRE) of the Youanmi project, confirming it as one of the highest-grade emerging gold projects in Australia. The... 

Australian explorer hits 340 g/t gold in Nagambie

Exploration company Nagambie Resources has announced a new record high assay for its namesake gold and antimony mine in central Victoria, sending its share price on the ASX up 16% on Tuesday. “The... 

Ramelius upgrades 2024 gold guidance

Australian miner Ramelius Resources has upgraded its production guidance for the 2024 financial year, following a strong first half in which it produced 124 047 oz at an all-in sustaining cost... 

Copper miner Sandfire maintains FY guidance

Global copper miner Sandfire Resources has maintained its production, cost and capital expenditure guidance for the 2024 financial year, after a solid December quarter at its MATSA and Motheo... 

Star Diamond to take control of Fort a la Corne project in March

Toronto-listed Star Diamond expects to take full possession of the Fort a la Corne properties in Saskatchewan in March, CEO Ewan Mason reported on Monday. The company is buying Rio Tinto Canada’s... 

Extension granted to all Cinovec licences – European Metals

Dual-listed European Metals Holdings (EMH) has announced the granting of an extension to all four of its exploration licences at the Cinovec lithium project, in Czech Republic.    These licences... 

AIC Mines appoints COO

Copper and gold company AIC Mines has grown to the point where a COO is warranted and has appointed Tim Benfield to the position, MD Aaron Colleran announced on Monday. “Tim is a perfect fit for... 

West African reports fatality at Burkina Faso gold project

ASX-listed West African Resources said on Monday that a contractor had died while working at its Kiaka gold project, in Burkina Faso. No other persons were injured in the accident, the company... 

Gemfields achieved its second-highest auction revenues ever in 2023

Gemstone miner Gemfields reports that auction revenues and pricing for both emeralds and rubies remain strong, with the company having earned auction revenues of $242-million in 2023 – the... 

Nunavut Planning Commission gives green light for Coppermine project

The Nunavut Planning Commission has issued approved licences for the Coppermine project, marking a major step in the permitting process, White Cliff Minerals reported on Monday. The ASX-listed... 

IonicRE to raise $2m for demonstration plants, working capital

ASX-listed Ionic Rare Earths has received firm commitments to raise about $2-million by way of a share placement to provide working capital and to advance demonstration plant activities at both the... 

South Star upsizes private placement

Battery metals project developer South Star has increased the size of its previously announced nonbrokered private placement and will now raise gross proceeds of C$7-million. The upsized placement... 

Tantalex produces tin and tantalum from DRC plant

Canada-headquartered Tantalex Lithium has produced its first batch of tin and tantalum concentrates from its Titan plant, in the Democratic Republic of Congo (DRC). The first batch of 10 t of... 

Chiefs of Ontario calls for one-year moratorium on mining claims staking

The Chiefs of Ontario have called on the provincial government to impose a 365-day moratorium on the Mining Lands Administration System (MLAS) to stem the tide in mining claims staking. Ontario... 

Atlantic completes Stage 1 of its offtake partner process

Africa-focused lithium exploration and development company Atlantic Lithium has completed Stage 1 of its competitive offtake partnering process to secure funding for a portion of the remaining 50%... 

Resources community funding welcomed but more needed

The Queensland Resources Council (QRC) has welcomed the Queensland government’s allocation of A$118.2-million under the Resources Community Infrastructure fund towards projects in coal-producing... 

Metals Australia appoints new CEO to drive Canada graphite project

Battery metals exploration and development company Metals Australia on Thursday announced the appointment of mining engineer Paul Ferguson as CEO to drive the development of the Lac Rainy graphite... 

Giyani secures $10m of funding to progress K.Hill to a final investment decision

TSX-V-listed Giyani Metals has secured $10-million in funding from private equity fund ARCH Sustainable Resources Fund. The funding fulfils a key condition for the drawdown of a $16-million... 

Fortescue partners with Michigan to set up Detroit battery plant

Green energy, metals and technology company Fortescue Energy has partnered with the Michigan Economic Development Corporation (MEDC) to establish a battery plant in Detroit. MEDC announced this... 

Mountain Province sales fall on lower prices

Diamond miner Mountain Province on Tuesday reported a 15% year-on-year drop in full-year sales revenue. The Canadian miner sold 2.72-million carats at an average value of C$121/ct for total... 

Fresnillo achieves FY guidance

Mexican precious metals miner Fresnillo has achieved its full-year guidance of 105.1-million silver-equivalent ounces, with the company overcoming “many operational challenges”, reports CEO Octavio... 

FPX Nickel closes Sumitomo equity investment

Exploration and development company FPX Nickel has closed the private placement financing with new cornerstone investor Sumitomo Metal Mining, raising C$14.45-million. The proceeds of the private... 

Perseus confident of maintaining a strong operating performance for the full-year

Africa-focused Perseus Mining expects its strong operating performance to continue for the remainder of the financial year to end June 30, with production guidance for the full-year set at 491 000... 

TNC to send Cloncurry copper to Glencore

ASX-listed True North Copper (TNC) on Tuesday announced a partnership with commodities major Glencore, which will process concentrate from the Cloncurry copper project, in Queensland, at its nearby... 

Denison Mines awards C$16m Phoenix contract

TSX- and NYSE American-listed Denison Mines has awarded a C$16-million contract to consulting and engineering group Wood Canada for the completion of detailed design engineering for the in-situ... 

Centerra promotes Snyder to CFO

Gold mining company Centerra will promote Ryan Snyder to executive VP and CFO on April 8, to succeed Darren Millman, who is leaving to pursue another opportunity in the mining industry in... 

Laramide resumes EIS process for US uranium project

Exploration company Laramide Resources is reinitiating the review process of the draft environmental impact statement (EIS) for its La Jara Mesa uranium mine project in New Mexico, US. The TSX-...