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Thor Explorations posts $4.1m net profit for the third quarter

By: Schalk Burger     30th November 2022 Aim-listed mineral exploration company Thor Explorations (THX) says gold sales generated revenue of $55.7-million for the quarter ended September 30, and $121.9-million for the nine months ended September 30. The company achieved net profit of $4.1-million for the quarter and $10.4-million for... 

Lundin Gold forecast more than 400 000 oz/y for next three years

By: Mariaan Webb     30th November 2022 Canada-based Lundin Gold has published its three-year production guidance, with its outlook for the Fruta del Norte mine, in Ecuador, well above 400 000 oz/y until between 2023 and 2025. “Now that the South Ventilation Raise has been completed, the additional ventilation will allow us to... 

Updated Doropo PFS indicates increased resource confidence

By: Tasneem Bulbulia     29th November 2022 An updated prefeasibility study (PFS) into gold miner Centamin’s Doropo project, in north-eastern Côte d'Ivoire, has demonstrated potential operating and capital cost-saving opportunities within the processing flowsheet, as well as resource growth potential within the licence area. “The Doropo... 

Thor raises exploration funds

By: Esmarie Iannucci     29th November 2022 Dual-listed Thor Mining will raise A$2.65-million in a share placement to fund uranium exploration activities in the US and to fund drilling at the Kelly’s and Krona gold, nickel and lithium projects in the Pilbara. The company on Tuesday announced plans to place more than 378.5-million shares,... 

Drilling extends Ity gold mine’s mineral resource by 17% to over 5Moz

By: Donna Slater     29th November 2022 An exploration programme at gold miner Endeavour Mining’s Ity gold mine, in Côte d’Ivoire, has resulted in the successful delineation of 750 000 oz of measured and indicated resources, lifting the mine’s resources to over five-million ounces at a grade of 1.62 g/t. Since the beginning of the... 

Renascor ticks a major box at Siviour

By: Esmarie Iannucci     29th November 2022 The South Australian Department of Energy and Mining has approved ASX-listed Renascor Resources’ Program for Environment Protection and Rehabilitation (PEPR) for its proposed Siviour graphite mine and concentrator. The PEPR approval permits Renascor to process up to 1.65-million tonnes a year,... 

Liberty secures final piece of Black Pine water puzzle

By: Mariaan Webb     29th November 2022 Toronto-listed Liberty Gold has significantly derisked the future mining operations of its Black Pine mine, in Idaho, by acquiring the title to two historical water rights, registered to the Black Pine mine well immediately adjacent to the potential site of a future heap leach pad. The... 

Santos reports gas leak and gas sales

By: Esmarie Iannucci     29th November 2022 Oil and gas major Santos has temporarily shut down the Jon Brookes platform, offshore Western Australia, after identifying a gas leak in a subsea flange. The company said on Tuesday that the observation of the leak occurred during routine activities on the normally un-staffed facility. The... 

West Kenya drilling results indicate considerable potential resource increase

By: Tasneem Bulbulia     28th November 2022 Drilling results from three targets forming part of the Ramula Camp at the West Kenya project, in Kenya, confirm Aim-listed Shanta Gold’s long-held belief that the project has the potential to become one of Africa’s next quality, high-grade gold mines, CEO Eric Zurrin says. “The team has... 

Critical Resources raises cash for Ontario exploration

By: Esmarie Iannucci     28th November 2022 ASX-listed Critical Resources will raise A$6.7-million under the flow-through shares provision under the Canadian tax law to advance drilling at the Mavis Lake project, in Ontario. The company has received firm commitments for the placement of more than 84.3-million shares, at a price of C$0.71,... 

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