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Creamer Media Reporter

Galantas shifting up a gear at Omagh

25th June 2019 Listed gold developer Galantas Gold has accelerated mine development at its Omagh mine, in Northern Ireland, with good progress on the main decline tunnel and increased concentrate production. The company reported on Tuesday that the main decline tunnel had reached the fourth (1 060 m) level and... 

Kari Pump discovery offers significant upside at Endeavour's Houndé mine

25th June 2019 The reserves at gold miner Endeavour Mining's flagship Houndé mine, in Burkina Faso, have increased by 41% as a large portion of the Kari Pump discovery's maiden measured and indicated resource was converted to reserves. The Kari Pump's maiden reserve is 7.3-million tonnes, at a grade of 3.01 g/t... 

Higher rand PGM basket price contributes to 80% jump in Amplats' interim headline earnings

25th June 2019 Platinum group metals (PGMs) miner Anglo American Platinum (Amplats) expects its headline earnings for the six months ended June 30 to be 80%, or R2.69-billion, higher year-on-year, mainly as a result of an increase in the rand PGM basket price. The company had reported headline earnings of... 

De Beers' rough diamond sales slow amid high diamond inventories

25th June 2019 A "more challenging" environment in China and higher than normal diamond inventories in the midstream contributed to more cautious diamond buying in De Beers' fifth sales cycle of the year, CEO Bruce Cleaver said on Tuesday. The value of De Beers' rough diamond sales decreased to $390-million in... 

Rio Tinto starts drilling at Broadway’s Madison

24th June 2019 Kennecott Exploration, part of the Rio Tinto Group, has started with a drilling campaign at TSX-V-listed Broadway Gold Mining’s Madison copper/gold project, in the Butte region of Montana, in the US. The initial drilling programme consists of three drill holes targeting an area displaying... 

Chantrell has until Thursday to match Agnico’s offer for Alexandria

24th June 2019 Toronto-headquartered Chantrell Ventures has until 23:59 on Thursday to amend its offer for junior gold miner and explorer Alexandria Minerals to match that of NYSE- and TSX-listed Agnico Eagle Mines. The board of directors of Alexandria has determined that the Agnico offer – announced nearly two... 

Capstone restarts Pinto Valley ops

24th June 2019 The Pinto Valley copper mine, 125 km from Phoenix, Arizona, has been safety restarted, following last week’s fire that led to a curtailment of operations. The mine site did not sustain any physical damage during the Woodbury fire, which by Sunday morning had ballooned to more than 96 000 acres... 

Havilah changes name to 1911 Gold

21st June 2019 Gold junior Havilah Gold is changing its name to 1911 Gold and will trade on the TSX-V under its new name and trading symbol from Monday. President and CEO Ron Clayton says the change of name to 1911 Gold “more accurately reflects the focus and strategy of the company, while remembering the... 

Los Andes reinforces Vizcachitas project team

21st June 2019 TSX-V-listed Los Andes Copper has assembled a “highly experienced” team to take the Vizcachitas project, in Chile, to construction and, subsequently, production. The senior management team consists of executive chairperson Fernadno Porcile, Vizcachitas project director Manuel Matta, chief... 

MC inks new cooperation agreement with HEI

21st June 2019 Coal miner MC Mining has signed a cooperation agreement with Haohua Energy International (HEI), a wholly owned subsidiary of Shanghai-listed Beijing Haohua Energy Resource Company, which is the largest exporter of anthracite coal from China. The parties had initially entered into a cooperation... 

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