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Focus adds ounces at Karridale

By: Esmarie Iannucci     Updated 4 hours ago Gold junior Focus Minerals has reported a 25% increase in the mineral resource t its Karridale deposit, which forms part of the Laverton gold project, in Western Australia. The deposit is now estimated to contain some 15.7-million tonne of resource at 1.3 g/t gold, for 672 000 oz contained... 

Nordgold recovers from fourth-quarter net loss

By: Marleny Arnoldi     24th May 2019 Aim-listed gold miner Nordgold has had a less productive first quarter and, on Friday, reported a 6% year-on-year decline in production to 211 700 gold-equivalent ounces (GEO), compared with the 225 100 GEOs produced in the first quarter of 2018. Production for the quarter was also 9% lower... 

Myanmar raises A$20m

By: Esmarie Iannucci     24th May 2019 Metals developer Myanmar Metals will raise A$20.8-million through a share placement to institutional investors. The ASX-listed company on Friday reported that had received firm commitments for the placement of more than 319.9-million shares, at a price of 6.5c each from domestic and... 

Mincor raises cash for nickel restart

By: Esmarie Iannucci     24th May 2019 Nickel hopeful Mincor Resources will raise A$23-million through a share placement and share purchase plan (SPP) to fast track its plans to restart nickel sulphide mining in the Kambalda district, in Western Australia. Mincor earlier this week struck a A$9.5-mllion deal to acquire the Long... 

Locally-manufactured mobile stations delivered to Botswana mine

24th May 2019 A major miner in Botswana has commissioned a South African company to manufacture three mobile operator stations at its Orapa diamond mine in Botswana. The mobile stations allow for capital equipment to operate by means of remote-control technology, 100 m away from where the machine is working. 

Exploration projects on the rise in Botswana

By: Khutso Maphatsoe     24th May 2019 Following the discovery of the second-largest diamond in Botswana since 2015, the country has received more attention, with investors wanting to invest more in mining projects in the region, says diamond exploration and project development company Botswana Diamonds MD James Campbell. Campbell... 

Data collection, investment to boost exploration projects in Botswana

By: Khutso Maphatsoe     24th May 2019 With the Kalahari copperbelt being underexplored and the advancement of better processing and higher-resolution data collection tools, numerous explorers are increasingly collecting data in Botswana to use for new exploration and increase current exploration in the region. The Kalahari copperbelt... 

Explorer advances copper project, growth strategy

24th May 2019 Copper exploration and development company MOD Resources is progressing with its growth strategy as the T3 openpit copper project in the Kalahari copperbelt, in northern Botswana, continues towards a decision to mine. The company and its advisers are advancing a range of funding options with... 

McEwen declares commercial production at Gold Bar, appoints new Nevada GM

By: Creamer Media Reporter      23rd May 2019 NYSE- and TSX-listed McEwen Mining has reached commercial production at its Gold Bar mine, which is under the supervision of its new Nevada general manager (GM), Jack Henris. Henris joined McEwen from Goldcorp, where he was VP of mining and geotechnical. His appointment is aimed at driving... 

Amani raises cash for DRC exploration

By: Esmarie Iannucci     23rd May 2019 Junior Amani Gold will raise A$3-million through a share placement to accelerate exploration work at its Giro gold project, in the Democratic Republic of Congo. The company would issue more than 1.52-billion shares, at a price of 0.2c each, to sophisticated and professional investors. The share... 

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