Eastinco Mining and Exploration has acquired Aterian, and this sparked the move from the Aquis Stock Exchange to the standard list. This takes the business into Morocco. There is a portfolio of potential projects in the North African country. The cash raised prior to the flotation and in the placing will finance the holding company […]

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Rio Tinto shares dropped 1.9% to 4,858.2p in early morning trading on Wednesday, after the group announced its joint venture with China Baowu Steel Group to develop the Western Range ore project in Pilbara, Western Australia. Rio Tinto will reportedly invest $1.3 billion of the total $2 billion investment to develop the mine. The mining […]

The post Rio Tinto announces Pilbara JV with Baowu Steel Group appeared first on UK Investor Magazine.

Trident Royalties shares climbed 5.3% to 48.7p in early morning trading on Tuesday, after the company announced $76 million in acquisitions over HY1 2022. The mining royalty and streaming firm noted its largest transaction to date in its acquisition of gold offtake contracts for $69.7 million. Trident Royalties confirmed royalty and offtake receipts of $7.8 […]

The post Trident Royalties completes $76m in acquisitions over HY1 appeared first on UK Investor Magazine.

Greatland Gold shares gained 11.2% to 9.2p in late afternoon trading on Monday, after the mining company secured A$340 million in funding for its gold-copper Haverion deposit in Australia. The group reported the funding enabled it to fully fund its 30% share of the Haverion development, of which Newcrest holds the additional 70%. Greatland Gold […]

The post Greatland Gold secures A$340m funding for Haverion project appeared first on UK Investor Magazine.

Antofagasta announced precautionary measures at its Los Pelambres project in Chile, following the collapse of a construction platform due to severe sea swells on the marine works of its desalination plant project. The mining firm said there was no significant damage to the environment or to its project works, and it had recovered some of […]

The post Antofagasta halts Los Pelambres desalination project after construction platform collapse appeared first on UK Investor Magazine.

Amur Minerals shares dipped 1.5% to 1.3p in early morning trading on Friday, after the mining firm reported the intended disposal of its Kun-Manie subsidiary to Russian company Bering Metals. The deal is set to complete as a cash shell in line with Rule 15 of the AIM rules. Following its receipt of the $35 […]

The post Amur Minerals advances Kun-Manie disposal, seeks fresh acquisition opportunities appeared first on UK Investor Magazine.

Alien Metals Ltd (LON: UFO) is raising £1.5m via a placing and subscription at 0.5p a share. The cash will help to fund the development of the minerals explorer’s drilling and geological programmes. There are also plans to progress a resource review at Munni Munni platinum group element project in Australia. Prior to the announcement […]

The post Alien Metals cash call appeared first on UK Investor Magazine.

Rio Tinto shares fell 3% to 4,625.7p in early morning trading on Thursday after the mining giant announced its acquisition of the remainder of Turquoise Hill for $3.3 billion. The commodities group is set to acquire 49% of the issued and outstanding common shares of Turquoise Hill that it does not currently own for C$43 […]

The post Rio Tinto secures full Turquoise Hill ownership for $3.3bn appeared first on UK Investor Magazine.

Castillo Copper shares gained 8.4% to 0.89p in early morning trading on Wednesday, after the mining group announced the appointment of two contractors for its inaugural drilling campaign at the BHA project’s east zone in Q4. The company confirmed the appointment of AllState Drilling, who will perform the campaign which comprises one diamond core and […]

The post Castillo Copper shares gain on BHA project contractor confirmations appeared first on UK Investor Magazine.

Serabi Gold shares fell 7.2% to 33.4p in early morning trading on Wednesday after the gold mining company announced a revenue decrease to $31 million in HY1 2022 from $32 million the last year. Serabi Gold confirmed a problematic Q1 2022, with a net cash outflow of $2.5 million driven by lower production across the […]

The post Serabi Gold shares fall as HY1 revenues and profits slide appeared first on UK Investor Magazine.

Greatland Gold shares fell 5.9% to 10.2p in early morning trading on Friday, after the mining company reported it had retained 30% ownership of the Haverion project following Newcrest’s decision to not buy an additional 5% interest in the joint-venture at the agreed price of $60 million. Greatland Gold said it believed the decision would […]

The post Greatland Gold retains 30% Haverion ownership as Newcrest rejects additional 5% stake appeared first on UK Investor Magazine.

Antofagasta shares slid 0.5% to 1,186.5p in early morning trading on Thursday following a 29.6% revenue fall to $2.5 billion in HY1 2022. The mining company announced a 47.5% EBITDA drop to $1.2 billion, as a result of lower revenue and a 6.9% climb in operating costs. Antofagasta mentioned a pre-tax profit slide of 61.9%, […]

The post Antofagasta revenue and profits fall on low copper prices and operational chaos appeared first on UK Investor Magazine.

Lexington Gold shares gained 5.3% to 3p in early afternoon trading on Monday after the mining group reported an updated independent JORC Mineral Resource Estimate (MRE) for the Loflin side of the Jones-Keystone-Loflin (JKL) project. The updated JORC MRE confirmed a total inferred resource of 2,596,000 tonnes at 0.99 g/t Au for 82,700 oz of […]

The post Lexington Gold updates JORC Mineral Resource Estimate appeared first on UK Investor Magazine.

Glencore shares gained 1.6% to 453.4p in late morning trading on Thursday following a 43% revenue growth to $134.4 billion in HY1 2022 against $93.8 billion in HY1 2021. The mining giant reported an adjusted EBITDA surge of 119% to $18.9 billion from $8.6 billion linked to record pricing across coal, gas and physical premia. […]

The post Glencore revenues soar to $134.4bn as market volatility leads to record prices appeared first on UK Investor Magazine.

Ferrexpo shares gained 1.1% to 144.5p in early morning trading on Wednesday, despite a revenue decline of 31% to $936 million in HY1 2022 against $1.3 billion last year, as a result of lower production and tighter market conditions. The Ukraine-focused company confirmed a 14% drop in pellet production to 4.8 million tonnes, with the […]

The post Ferrexpo revenues fall 31% as Ukraine conflict impacts mining operations appeared first on UK Investor Magazine.

Fresnillo shares dropped 5.5% to 687.8p in late morning trading on Tuesday after the miner’s HY1 revenue spiralled 14.2% to $1.2 billion. Fresnillo highlighted an adjusted revenue fall of 12.6% to $1.3 billion, and attributed 91% of its decline to lower gold volumes and 9% to lower silver prices. The FTSE 100 miner reported a […]

The post Fresnillo revenues spiral 14.2% on lower gold volumes and silver prices appeared first on UK Investor Magazine.

First Class Metals is seeking gold, base metals and/or battery metals in Canada. The cash raised will finance ongoing exploration at North Hemlo and other projects. AIM-quoted Power Metal Resources (LON: POW) has a 28.2% stake in First Class Metals, having sold its Schreiber-Hemlo project interests in Ontario for 333,334 shares at 300p each in […]

The post New standard listing: First Class Metals explores Canada appeared first on UK Investor Magazine.

Glencore shares gained 2.1% to 458.9p in early morning trading on Friday, after the mining giant announced a mixed bag of production results in its HY1 2022 report. The company highlighted a 40% growth in cobalt production to 20.7 kt from 14.8 kt, alongside a 21% rise in nickel to 57.8 kt compared to 47.7 […]

The post Glencore copper production slides on Katanga complications appeared first on UK Investor Magazine.

Anglo American shares gained 3.4% to 2,870p in late morning trading on Thursday, despite a HY1 2022 revenue fall of 17% to $18.1 billion from $21.7 billion year-on-year. The mining giant reported an EBITDA drop of 28% to $8.7 billion compared to $12.1 billion, alongside a mining EBITDA margin decrease to 52% from 61%. However, […]

The post Anglo American revenues profits fall, dividend slashed 47% appeared first on UK Investor Magazine.

Rio Tinto shares fell 2% to 96.9p in late morning trading on Wednesday on the back of largely flat production in HY1 2022, with the first iron ore delivered from its Gudai-Darri project and the commencement of operations at the underground Oyu Tolgoi mine. Rio Tinto confirmed a consolidated sales revenue drop of 10% to […]

The post Rio Tinto profits slide on climbing inflation, reports 2nd-highest interim dividend on record appeared first on UK Investor Magazine.

Antofagasta shares gained 0.3% to 1,050p in late morning trading on Wednesday following a reported 6.5% fall in copper production to 129,800 tonnes. The decline was linked to the Antofagasta’s previously announced concentrate pipeline incident at Los Pelambres, which reduced reported production by approximately 23,000 tonnes. The pipeline resumed operation by the end of Q2, […]

The post Antofagasta production falls on Los Pelambres incident, FY copper guidance downgraded appeared first on UK Investor Magazine.

Kodal Minerals shares rose 1.1% to 0.2p in late afternoon trading on Tuesday after the company announced a widened group loss before other comprehensive income of £903,000 in FY 2022 against £623,000 the last year. The West Africa-focused gold and lithium mining group reported a 370% climb in exploration and evaluation expenditure of £2.5 million […]

The post Kodal Minerals widens group loss to £903k on exploration programmes appeared first on UK Investor Magazine.

Rio Tinto shares declined 2.8% to 93.2p in early morning trading on Friday, after the company reported a weakened economic outlook as a result of the Ukraine war, tighter monetary policy and Covid-19 restrictions in China. The mining group acknowledged prices for its commodities fell over the period, linked to rising recession concerns and a […]

The post Rio Tinto reports weakened economic outlook, Q2 production results appeared first on UK Investor Magazine.

The FTSE 100 was down 0.7% to 7,099.8 in midday trading on Thursday after commodities prices fell and dragged mining groups down. Anglo American shares declined 3.5% to 2,590p, Antofagasta dropped 1.2% to 1,029p, Endeavor slid 0.7% to 1,643.5p, Fresnillo fell 1.5% to 673.8p, Glencore decreased 1.9% to 410.3p and Rio Tinto sank 3.1% to […]

The post FTSE 100 dips on lower commodities prices appeared first on UK Investor Magazine.

The FTSE 100 was down marginally on Friday as the market ended the week on a tepid note, following a 5% drop over June marking the worst month for the FTSE 100 since the first shock of the Covid-19 pandemic in 2020. US markets also had a dismal June which culminated in the worst quarter […]

The post FTSE 100 trades sideways after dismal June appeared first on UK Investor Magazine.

Zanaga Iron Ore shares were down 7.3% to 1.9p in early morning trading on Friday after the company announced a pre-tax loss of $1.89 million against $1.82 million in FY 2021. The mining group reported a total comprehensive loss of $1.9 million compared to $1.8 million the last year, and a rise in general expenses […]

The post Zanaga Iron Ore records $1.8m loss in FY 2021 appeared first on UK Investor Magazine.

Greatland Gold shares were up 1% to 9.9p in late morning trading on Thursday following the commencement of its exploration programme at the Scallywag project, leveraging its understanding of geological information and knowledge of the area to drill a series of promising new conductor targets. Greatland Gold commented the drill programme was designed to test […]

The post Greatland Gold commences Scallywag exploration programme appeared first on UK Investor Magazine.

The FTSE 100 was up 0.6% in midday trading on Monday, as mining firms lifted the index higher following commodity price weakness last week as a result of concerns around global growth. However, the large dividends offered by miners proved attractive after a dip last week, sending commodities stocks soaring to the top of the […]

The post FTSE 100 higher on commodities rebound appeared first on UK Investor Magazine.

Empire Metals shares were down 1.7% to 1.2p in early afternoon trading on Friday after the group reported a widened pre-tax operating loss of £2.3 million from £953,769 in FY 2021. The company announced an administration expenses loss of £1.9 million compared to £958,694 the last year, along with other losses at $417,138 against an […]

The post Empire Metals widens loss on expanded Australia prospects appeared first on UK Investor Magazine.

Polymetal shares rose 4% to 187.2p in early morning trading on Thursday after the company reported a business update announcing its gold bullion concentrate sales continued as usual from Kazakhstan. However, the mining group confirmed that its silver bullion accounted for less than 5% of its estimated 2022 sales, due to a lack of export […]

The post Polymetal silver stocks accumulate on lack of sales options appeared first on UK Investor Magazine.

Landore Resources shares fell 4.5% to 20.2p in late afternoon trading on Wednesday, after the company announced a widened post-tax loss of £3.9 million from £2.5 million in FY 2021. The mining group reported that operating expenses were in line with its budget and expectations, with financing secured of £3.5 million in February 2021 by […]

The post Landore Resources widens loss to £3.5m on Junior Lake operations appeared first on UK Investor Magazine.

Cadence Minerals shares were down 0.4% to 11.2p in early afternoon trading after the mining company announced an operating loss of £631,000 from an operating profit of £8.9 million in its financial results for FY 2021. Cadence Minerals also reported a pre-tax loss of £144,000 compared to a pre-tax profit of £7.8 million, attributing its […]

The post Cadence Minerals looks to iron ore and lithium assets in coming year appeared first on UK Investor Magazine.

Alien Metals announced its completed acquisition of 100% of the Vivash Gorge iron ore project in Pilbara, western Australia from ASX-listed company Zenith Minerals after satisfying all conditions in the Binding Heads of Agreement. Alien Metals previously said it considered Vivash Gorge a strategic acquisition to its IOCA portfolio of direct shipping ore (DSO) projects […]

The post Alien Metals completes acquisition of Vivash Gorge project from Zenith Minerals appeared first on UK Investor Magazine.

The FTSE 100 was 1% higher in Monday trade as the market recovered from last week’s selloff after Bank of England and US Federal Reserve decisions to hike rates. “Following last week’s brutal session for stocks globally, a 0.2% rise in the FTSE 100 is a good enough reason to be more optimistic about the […]

The post FTSE 100 rebounds as bargain-hunters pick up cyclical stocks appeared first on UK Investor Magazine.

Thor Mining shares decreased 4.2% to 0.5p in early afternoon trading on Friday following the company’s recently completed electromagnetic geophysics survey over the nickel gossan at the Krona prospect. The group confirmed that the survey identified a conductive anomaly at the group’s 100%-owned Ragged Range project in eastern Pilbara, western Australia. Thor Mining said the […]

The post Thor Mining identifies conductive anomaly at Ragged Range project appeared first on UK Investor Magazine.

Wishbone Gold shares gained 5.8% to 12.1p in early afternoon trading on Friday, after the group announced the commencement of drilling at its Red Settler Gold-Copper project in the Patersons Range region in western Australia. The Red Setter project is reportedly based on the 57.4 kilometre 100%-owned EL45/5297 exploration licence and is located 13 kilometres […]

The post Wishbone Gold commences drilling at Red Settler project appeared first on UK Investor Magazine.

Glencore shares were up 2.3% to 475p in late morning trading on Friday after the mining giant announced that its operating profit for its trading division was set to exceed $3.2 billion, hitting the top end of its FY 2022 guidance. The revised profit expectations were sparked by surging prices on the back of supply […]

The post Glencore operating profits estimated to hit $3.2bn appeared first on UK Investor Magazine.

Sovereign Metals reported an update on its globally-significant Kasiya rutile project based in Malawi on Thursday, announcing that its expanded scoping study based on its April mineral resource estimate (MRE) confirmed that Kasiya would be one of the world’s largest and lowest cost producers of natural rutile and natural graphite, with a carbon footprint significantly […]

The post Sovereign Metals announces Kasiya to be one of world’s largest and lowest-cost rutile producers appeared first on UK Investor Magazine.

Alien Metals announced the completion of its metallurgical test work which produced an initial flow sheet of crushing and screening for its Hancock iron ore. The metallurgical test work reportedly confirmed the Hancock product was of Direct Shipping Ore (DSO) grade, with Pilbara Fines product confirmed at a grade of 62.7% iron from the initial […]

The post Alien Metals confirms DSO grade iron ore at Hancock project appeared first on UK Investor Magazine.

Gold and copper exploration company Kefi announced an update on its Tulu Kapi Gold Mine Share Company joint-venture project in Ethiopia, reporting advancement on its multi-party project financing activities and early development works. Kefi confirmed it had maintained the full funding syndicate for the project, and said it intended to sign the funding “Umbrella Agreement” […]

The post Kefi reports progress at Tulu Kapi Gold Mine project appeared first on UK Investor Magazine.

BP announced its acquisition of a 40.5% stake and operatorship of the Asian Renewable Energy Hub (AREH) green hydrogen energy project in Pilbara, Western Australia on Wednesday. The project is one of the largest renewables and green hydrogen energy hubs in the world, and is set to support the development of up to 26GW of […]

The post BP acquires 40.5% stake in ambitious green hydrogen energy project appeared first on UK Investor Magazine.

Arc Minerals announced the commencement of its maiden exploration programme at its Virgo project in Botswana, and reported that a soil geochemistry survey was currently underway with an exploratory drill programme to follow. The mining firm said reinterpretation of the geology in licence PL 135/2017 suggested the existence of a fold crest, presenting an opportunity […]

The post Arc Minerals kicks off maiden Botswana exploration programme appeared first on UK Investor Magazine.

Rio Tinto announced the delivery of its first ore at the Gudai-Darri mine as the mining firm brought its first greenfield mine in Pilbara, Western Australia in over a decade online. The company commented that Gudai-Darri would help underpin the future of its flagship Pilbara Blend product. Rio Tinto said the first autonomous AutoHaul trains […]

The post Rio Tino delivers first shipment of Gudai-Darri iron ore appeared first on UK Investor Magazine.

The FTSE 100 fell on Monday amidst a global equity selloff following a 0.3% contraction in UK GDP reported by the ONS today, and ahead of key central bank meetings this week. The UK markets were faring slightly better than other international markets, however the difference was credited to slide in the Sterling rather than […]

The post FTSE 100 falls as global markets struggle ahead of key central bank decisions appeared first on UK Investor Magazine.

Power Metal Resources announced an update for its lithium-focused exploration at the Selta project in Northern Territory, Australia today. The project, which is currently held by Power Metal Resources’ 82.7%-owned subsidiary First Development Resources, was subject to a lithium-specific review based initially on further desktop analysis, following on from a recent in-depth data review covering […]

The post Power Metal Resources to carry out further investigation at Selta Project appeared first on UK Investor Magazine.

Sovereign Metals shares were up 3.8% to 32.2p in late morning trading on Wednesday, after the firm announced the start of its major pre-feasibility study (PFS) drill program at Kasiya. Kasiya is the largest discovered rutile deposit in the world, and boasts a Mineral Resource Estimate (MRE) of 1.8 billion tonnes at 1.01% rutile, which […]

The post Sovereign Metals kicks off major PFS drill program at Kasiya appeared first on UK Investor Magazine.

Alien Metals shares surged 22.3% to 0.8p in early morning trading on Wednesday, after the mining firm announced it was “on track” to begin iron ore production in Hancock next year. Alien Metals confirmed the completion of its metallurgical test work programme and added that its flow sheet had been finalised, with the results highlighting […]

The post Alien Metals ‘on track’ to begin Hancock iron ore production next year appeared first on UK Investor Magazine.

Alien Metals shares were up 6.3% to 0.6p in late morning trading on Monday, after the company announced its 100% acquisition of the Vivash Gorge Iron Ore Project in Pilbara, Western Australia from ASX-listed mining company Zenith Minerals. Alien Metals said it considered Vivash Gorge a strategic acquisition to its IOCA portfolio of direct shipping […]

The post Alien Metals acquires 100% of Vivash Gorge Iron Ore Project appeared first on UK Investor Magazine.

Hummingbird Resources shares fell 1.8% to 13p in late afternoon trading on Friday, after the company reported a decrease in sales to $156.6 million compared to $181.7 million in its FY 2021 report. Hummingbird Resources also highlighted an operating loss of $7.1 million compared to an operating profit of $31.9 million the year before. The […]

The post Hummingbird Resources sales drop to $181.7m over 2021 appeared first on UK Investor Magazine.

Glencore was charged with seven counts of bribery linked to its oil operations by the Serious Fraud Office (SFO) this week, in a revelation which saw the mining giant fined an eye-watering $1.5 billion. The FTSE 100 company is set to pay $700 million for US bribery investigations, alongside $485 million contributed to market manipulation […]

The post Glencore fined $1.5bn on bribery and market abuse charges appeared first on UK Investor Magazine.

Condor Gold shares gained 5% to 33.1p in late afternoon trading on Monday, after the mining firm reported a slate of positive assay results from the sampling of geotechnical drill holes on its La India open pit project. Condor Gold confirmed promising discoveries in its planned Northern Starter pit, with 34.1 metres true width at […]

The post Condor Gold strikes gold at La India open pit project appeared first on UK Investor Magazine.

Power Metal Resources reported the extraction of a core sample from the DIDD004 hole in its Botswana Ditau drill programme, which provided promising magnetic susceptibility readings. The core displayed visible siliceous and haematitic zones, alongside local pervasive pyrite presented as disseminations and in veins. Power Metal Resources also said extensive fracturing was observed throughout the […]

The post Power Metal Resources report promising Ditau core sample appeared first on UK Investor Magazine.

Condor Gold shares tumbled 7.8% to 34.1p in late morning trading on Friday after the mining firm reported a widened operating loss of £668,134 compared to £512,518 year-on-year in its Q1 2022 results. The company announced a pre-income tax loss of £667,879 from £512,518, alongside an EPS loss of 46p against 41p in Q1 2021. […]

The post Condor Gold shares tumble on widened £668,134 operating loss appeared first on UK Investor Magazine.

Griffin Mining shares were up 12.5% to 103.5p in early morning trading on Friday, following a reported 61% spike in revenue to $121.6 million against $75.4 million in its FY 2021 results. The mining group confirmed an operating profit surge of 143% to $36.5 million from $15.1 million year-on-year. Griffin Mining announced a pre-tax profit […]

The post Griffin Mining revenue spikes 61% to $121.6m on record ore processing volumes appeared first on UK Investor Magazine.

The FTSE 100 rebounded on Tuesday after sharp sell-offs on Monday sparked by recession fears as the prospect of additional interest rates hurt sentiment, along with lockdown hindering China’s economy and hampering the manufacturing sector. Energy, banking, mining, and consumer staple stocks helped lift the FTSE 100 on Tuesday as retailers continued to suffer following […]

The post FTSE 100 rebounds on strong energy and banking stocks appeared first on UK Investor Magazine.

Kendrick Resources was formerly AIM-quoted BMR Group, and it has had many other previous names, such as Berkeley Mineral Resources, Tecteon and Dominion Energy. The operations were originally mining, then oil and gas, technology before returning to mining. It left AIM in August 2018 after problems with the progress of the Kabwe project in Zambia, […]

The post New standard listing: Kendrick Resources returns to market appeared first on UK Investor Magazine.

Endeavour Mining shares spiked 8.4% to 2,104p in late morning trading following a slate of positive results from the company, including a 14% Q1 2022 gold production to 357koz and a relatively flat AISC at $848 per oz. The mining group reported that it was well-positioned to hit its FY2022 guidance of 1,315 to 1,400koz […]

The post Endeavour Mining reports 14% gold production rise appeared first on UK Investor Magazine.

Anglo American shares tumbled 7.9% to 3,712.5p in late morning trading on Thursday, following a 10% drop in production over the quarter compared to the same period last year. The mining giant blamed its lower production on high rates of Covid-19 absences, high rainfall impacting operations in South Africa and Brazil and a series of […]

The post Anglo American shares tumble on lowered production guidance appeared first on UK Investor Magazine.

Battery metals producer Neometals already had an ASX listing prior to joining AIM, which management hopes will raise the company’s profile in UK and Europe. There are various assets that could be exploited by Neometals. They are getting to the point where decisions will need to be made on their development. Partners have been secured […]

The post New AIM admission: Neometals dual quotation appeared first on UK Investor Magazine.

Altus Strategies (LON: ALS) chief executive Steven Poulton has acquired 75,795 shares in the mining investments company at an average price of 57.91p each. That is an investment of £43,889. The highest price paid was 60p a share. This takes his total shareholding to 6.6 million shares, which is 5.63% of Altus Strategies. The current […]

The post Director dealings: Altus boss backs mining royalties plan appeared first on UK Investor Magazine.

Artemis Resources Ltd has 100% interests in two projects in the same area as existing resources north of Perth in Western Australia. Retaining 100% stakes means that the company will have flexibility when it comes to finding partners to exploit any commercial resources. The company’s Paterson Central project is adjacent to the Havieron project that […]

The post New AIM admission: Artemis Resources Western Australian projects appeared first on UK Investor Magazine.

Altus Strategies (LON: ALS) has reached a new point in its development. The acquisition of a mining royalty in Chile provides near-term income for the company, which has previously focused on developing mining projects. This deal will provide cash to help to cover group overheads and it will be completed on 1 September. There could […]

The post New direction for Altus Strategies appeared first on UK Investor Magazine.

Eurasia Mining (LON: EUA) has ended its formal sale process and it has a potential acquiror of substantially all its Russian mining assets. How much they might be willing to pay is uncertain. The announcement was made at 6.08pm. There is no certainty that the deal will go ahead, though. The formal sale process and […]

The post Eurasia Mining slips out late announcement appeared first on UK Investor Magazine.

Caerus Mineral Resources is exploring for copper, gold and silver in areas in Cyprus where there has previously been mining. The focus is the Kalavasos project, where there was mining prior to the Romans, and Mala, which is part of the Vrechia project. The board has extensive experience of the mining sector. Professor Michael Johnson […]

The post New standard listing: Caerus Mineral Resources appeared first on UK Investor Magazine.

The FTSE 100 creeped forward again as the market opened on Tuesday, adding 0.2%, or around 10 points. At 9am the FTSE made it as high as 6,792, its highest point in over a month.  “It was a fairly predictable start from the FTSE, following up Monday’s blowout gains – spurred on by the UK […]

The post FTSE 100 index reaches one month-high appeared first on UK Investor Magazine.

BHP profits hit seven-year high BHP, the mining giant, has revealed a record $5.1bn interim dividend as its profits half way through the year climbed to a seven-year high.  BHP’s ‘very strong’ results came on the back of a surge in the prices of iron ore and copper. Copper and iron ore, two of BHP’s […]

The post BHP pays out record dividend thanks to commodities boom appeared first on UK Investor Magazine.

Glencore chief Ivan Glasenberg set to step down Glencore has today announced it will reinstate its dividend having reduced its debt levels.  The FTSE 100 mining company, which removed its last dividend in an effort to reduce swelling debt, has put forward a shareholder payout of $0.12 per share.  This amounts to $1.6bn in total, […]

The post Glencore to reinstate dividend despite $1.9bn loss appeared first on UK Investor Magazine.

Shock, the third Monday in a row where vaccine news push value stocks higher. Though underwhelming, the AstraZeneca (LON:AZN) vaccine trial results shoved long-suffering air travel, financial and commodities stocks higher, once again. Across the FTSE 100, air travel stocks led the way, with Rolls Royce soaring 7.60%, while IAG bounced around 5.50%. Meanwhile, mining […]

The post Air travel, financial and commodities stocks soar on AstraZeneca vaccine news appeared first on UK Investor Magazine.

FTSE 100 listed mining blue chip, Antofagasta (LON:ANTO), watched its shares rally during Monday morning trading, as the company announced that two of its projects would be committed to the Copper Mark. The Centinela and Zaldívar projects will now be assessed versus the Copper Mark’s assurance framework, which the company says is designed to demonstrate […]

The post Antofagasta shares rally as it commits to ‘responsible mining’ Copper Mark appeared first on UK Investor Magazine.

Rainbow Rare Earths Limited (AIM:RBW) watched its shares surge on Tuesday, following the announcement that it had signed an agreement for co-development of the Phalaborwa Rare Earths Project in South Africa, with Bosveld Phosphates Limited. The company said the project comprises around 35 million tonnes of gypsum, with rare earth earth elements in situ grade […]

The post Rainbow Rare Earths agrees to co-develop project with 210,000 tonne potential yield appeared first on UK Investor Magazine.

FTSE 100 listed metals mining company, Antofagasta (LON:ANTO), saw its shares dip as it reported reductions in its copper and gold production volumes during the year-to-date. Copper production fell by 7.3% during the year-to-date, down to 541.3kt. Similarly, YTD molybdenum production fell by 4.3%, from 9.3kt, to 8.3kt. The big hit, though, came with gold, […]

The post Antofagasta reduced workforce sees copper production fall by 7% appeared first on UK Investor Magazine.

Having announced last month that it was trying to raise funds to invest in constructing a solar plant, on Wednesday Caledonia Mining Corporation (AIM, CMCL) announced it had appointed Voltalia (EPA:VLTSA) as the contractor for the project. The aim of the project is for Caledonia Mining to have a solar power plant to supply electricity […]

The post Caledonia Mining asks Voltalia to build solar plant to power its Blanket Mine project appeared first on UK Investor Magazine.

Precious metals mining company, Wishbone Gold (AIM:WSBN), added to the list of recent developments coming out of the Patersons Range region of Western Australia, by informing investors that it has signed an exclusive 45 day option to acquire 100% ownership of three exploration tenements. The tenements make up 67 square kilometres combined, with the largest […]

The post Wishbone Gold acquires option to own tenements adjacent to Havieron and Telfer appeared first on UK Investor Magazine.

Australian mining company Greatland Gold plc (AIM:GGP) watched its shares sit still in early trade on Thursday before closing the day significantly stronger on a positive update from Newcrest (ASX:NCM) at Greatland’s Havieron deposit. The company said that the newly-identified Breccia zone has continued to be expanded with further drilling, with the Northern Breccia zone […]

The post Greatland Gold shares stagnant before exploding higher on positive Havieron results appeared first on UK Investor Magazine.

Mining companies quoted in Australia and Toronto are seeing the London market as an attractive source of funds and seeking a dual quotation. The latest is Castillo Copper (LON: CCZ) and the share price has already gone to a significant premium since it joined the standard list on 4 August. Castillo raised £1.3m at 1.7p […]

The post Castillo Copper races to a premium appeared first on UK Investor Magazine.

Mali and Senegal focused mining company Cora Gold (AIM:CORA) announced on Monday that it had been collecting samples from other parts of the licences it owned as part of its Mali operations, and with this news, investors were entirely unsure how to act. From its projects in West Mali and East Senegal, the company stated […]

The post Cora Gold shares in disarray as it seeks out Sanankoro equivalent appeared first on UK Investor Magazine.

Multi-commodity mining and natural resource development company Premier African Minerals Limited (LON:PREM) has announced the $104,000 acquisition of a hard-rock lithium portfolio based in Zimbabwe and Mozambique from Lithium Consolidated Ltd (ASX:LI3), following the latter’s shift in focus to projects based in Australia. The acquisition includes 1500 hectares of licenses in Zimbabwe, originally acquired by […]

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Shares in Rio Tinto (LON:RIO) have dipped modestly across the Monday session, as the firm gave an operational update on its’ Mongolia mine. The mining titan said that it is continuing to work with the Mongolian Government to ensure that Oyu Tolgoi is operating within the capacity restrictions following the outbreak of the COVID-19 virus. […]

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Greatland Gold (LON:GGP) have updated the market today on their operations at their Havieron site. The gold exploration firm said that the results had been ‘outstanding’ – which has sent shares rallying. Shares in Greatland Gold trade at 4p (+13.09%). 11/3/20 12:31BST. Greatland noted that the current drilling at Havieron is continually expanding and is […]

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Polymetal International PLC (LON:POLY) have given shareholders a strong set of final results on Wednesday morning, which has led to shares receiving a boost. Shares in Polymetal International trade at 1,284p (+1.42%). 4/3/20 10:01BST. The firm noted that revenue was significantly higher across 2019, following rising commodity prices. Polymetal said that revenue had spiked 20% […]

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Serabi Gold PLC (LON:SRB) have given an operational update to shareholders today which has led to shares receiving a boost. Shares in Serabi Gold trade at 83p (+3.75%). 3/3/20 14:18BST. The gold miner told the market today that it had begun a 9,600 metre step out drill programme in the fourth quarter of 2019. This […]

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Beowulf Mining plc (LON:BEM) have told the market that their loss has narrowed across 2019, within an optimistic update for the firm. The miner also added that it is making progress on its projects in Scandinavia and Kosovo. Kurt Budge, Chief Executive Officer of Beowulf, commented: “During 2018, we made significant progress in Kosovo with […]

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Anglo Pacific Group plc (LON:APF) have seen their shares in green on the back of an interesting update provided today. The natural resources firm said that they have invested into the industrial minerals market, in an update on Monday. The firm noted that they are set to commit $20 million into a financing agreement, which […]

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Rio Tinto plc (LON:RIO) have produced a steady set of final results that have been published on Wednesday. Shares in Rio Tinto trade at 3,918p (+0.064%). 26/2/20 10:25BST. The firm said that revenues had risen across 2019, which was largely down to rising iron prices – however profits dipped slightly across the year. In Rio […]

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Anglo Asian Mining PLC (LON:AAZ) have updated the market on their recent geological activity. The firm has told shareholders that they are intending to expand production to current operations, following strong drilling results. Anglo Asian mainly operate in Azerbaijan: Gedabek, Gosha, and Ordubad. Both Gedabek and Gosha are currently producing gold, with Ordubad in the […]

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Goldplat plc (LON:GDP) have seen their shares crash on Monday following the releasing of their interim results. The gold miner said that they had swung to an interim profit, in the six month period which ended December 31. The firm said that an increase in the price of gold and improved performance drove the results […]

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Fresnillo Plc (LON:FRES) have seen their shares jump as they gave shareholders an operational update on Monday. Shares in Fresnillo trade at 740p (+4.02%). 24/2/20 12:03BST. The mining firm said that it has accelerated the development of the Juanicipio project in Mexico’s Zacatecas state. Following this update, Fresnillo added that they expect to start producing […]

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Anglo American PLC (LON:AAL) have seen their earnings improve in their preliminary 2019 annual results. The mining titan told the market that earnings had risen across 2019, however warned shareholders that trading could be hampered by tense US-China relations and the current coronavirus outbreak. Anglo American said that revenues had jumped 10% to $29.87 billion, […]

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Chaarat Gold Holdings Ltd (LON:CGH) have seen their annual production rise in an update on Wednesday afternoon. Chaarat is a gold mining company which owns the Kapan operating mine in Armenia as well as Tulkubash and Kyzyltash Gold Projects in the Kyrgyz Republic. The gold miner noted that annual production had increased at its Kapan […]

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Hochschild Mining Plc (LON:HOC) have seen their shares jump on the back of a strong set of annual results. The mining titan said that its’ profit doubled in 2019, as the firm looked to deliver further progress and developments. Hochschild Mining said that revenue spiked 7% to $755.7 million, compared to $704.3 million in 2018. […]

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Resolute Mining (LON:RSG) have seen a rise in their gold reserves at the end of 2019, which has left shares in green. The gold miner reported a year-end rise in gold reserves, as the planned sale of its Ravenswood mine goes ahead. Resolute told the market that total ore and mineral reserves climbed 15% year […]

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Sirius Minerals (LON:SXX) have been in talks with Anglo American over a potential takeover deal, and the firm has seen a busy few months of trading with shares crashing and surging. Shares in Sirius Minerals trade at 4p (-1.73%). 18/2/20 12:42BST. The last year has been busy for Sirius Minerals, and investors have tipped them […]

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Pan African Resources plc (LON:PAF) have seen progress in the first half of their financial year in an update on Tuesday. The firm did admit that it had faced ‘challenges’ so far in its financial year – however performance had improved as growth was sustained. CEO Cobus Loots commented: “Our business strategy of delivering safe, […]

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Glencore PLC (LON:GLEN) have told the market that annual profit has been bruised, however has still beaten market and analyst predictions. The mining firm said that profits were damaged by weaker commodity prices and trade uncertainty, but the fact that market expectations were beaten remains a positive factor for Glencore. Glencore reported adjusted earnings before […]

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BHP Group PLC (LON:BHP) have seen their profits and revenues increase as reported within their interim update on Tuesday. BHP Chief Executive Officer, Mike Henry said : “We delivered a strong set of half-year results, grounded in solid operational performance. Underlying EBITDA was up 15 per cent, to US$12 billion, and return on capital employed […]

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Kavango Resources PLC (LON:KAV) have told the market that they have signed a joint venture agreement for two licenses in Botswana. The form said that the two prospective licenses are situated within the Botswana section of the Kalahari Copper Belt. The copper miner said that the first licence is north of MOD Resources Ltd T3 […]

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South32 Ltd (LON:S32) have seen their earnings drop in the first half of its financial year amid a period of volatile commodity prices. The mining firm told the market that its pretax profit had been totaled at $187 million for the six months ending in December 2019. Notably, this sees a significant drop from the […]

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Anglo Asian Mining (LON:AAZ) have told shareholders and the market that the company is now debt free. The firm described this as a significant achievement for Anglo Asian, and shareholders should be sharing the delight just as much as senior management. Anglo Asian noted that they had signed a loan agreement with Pasha Bank in […]

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Cora Gold (LON:CORA) have found multiple high grade gold intercepts at its Sanankoro gold project in southern Mali. The gold miner said that drilling had targeted deeper oxide and sulphide extensions to the current inferred mineral resource of 5.0 million tonnes, which has a grade of 1.6 grams per tonne of gold, containing 265,000 ounces […]

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Trans-Siberian Gold (LON:TSG) have seen their shares jump on Monday following developments made regarding their Russian operations. The firm said that they had reported a mineral resource estimation of one million ounces of gold at their Rodnikova deposit. Looking at the JORC-compliant estimate, this indicated a mineral resource estimate of 3.1 million tonnes at a […]

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Griffin Mining Ltd (LON:GFM) have suspended their operations in China following fears that the coronavirus could disrupt operations and supply chains. Griffin said that work at its Caijiaying mine has been held following an announcement from the Chinese Government telling businesses to suspend “non-essential business”. The mine, which provides gold, zinc, silver and lead has […]

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Arc Minerals Ltd (LON:ARCM) have told the market about a new discovery at their Zambia copper operations. The firm said that recent drilling at the Musweme prospect has confirmed the presence of copper mineralization. Interestingly, this brings the number of mineralized targets at Zamsort up to four, which was a pleasing take for shareholders. As […]

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Glencore PLC (LON:GLEN) have seen a steady performance across 2019 as the firm reported their findings on Tuesday morning. Glencore have seen a mixed year, and have been making news headlines following an investigation from the Serious Fraud Office a few weeks back. Today, the firm gave an update on production saying that they saw […]

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Platinum mining company Sylvania Platinum (LON:SLP) posted record half-year production, but a slow-down in output lead to a somewhat subdued set of second quarter results. Sylvania Dump Operations production was down from 20,797, to 19,206 4E PGM between the first and second quarters; which brought the half-year to a record total of 40,003 ounces. The […]

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Fresnillo Plc (LON:FRES) have seen a quarterly rise in gold output, however annual production has fallen short of expectations. As a result of the shortcoming, shares of Fresnillo have slipped on Wednesday morning. Shares in the firm trade at 592p (-3.36%). 29/1/20 11:12BST. Fresnillo, who were a former FTSE 100 listed firm told the market […]

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Antofagasta (LON:ANTO) have given shareholders a steady update regarding their quarterly activity. The mining titan said that it had been hit by drought and political uncertainty, however the firm has managed got combat these. Fourth quarter copper production totaled 185,500 tonnes, which saw a 5.8% decline from the third quarter. Antofagasta said that this was […]

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Caledonia Mining (LON:CMCL) have told shareholders that they have increased their holdings in the Blanket gold mine. Caledonia initially held a 49% stake in the mine and this deal was approved in November 2018, however was only cleared last November following regulatory approval. The firm on Tuesday told the market that it has increased its […]

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Resolute Mining (LON:RSG) have announced a fundraising plan to pay off a loan on Tuesday morning. The firm said that it is raising AUD196 million, which will be broken down into three segments. The firm will initially place 132.7 million shares at AUD1.10 each to raise the AUD146 million, and this will close on Tuesday. […]

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BHP (LON:BHP) have told shareholders that they have kept their annual production guidance unchanged on Tuesday morning. Shares in the miner trade at 1,793p (-2.56%). 21/1/20 10:41BST. The firm said that it had reported a solid performance in copper and iron production, however it saw a decline in petroleum and coal. For the six months […]

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Anglo Pacific Group PLC (LON:APF) have given shareholders an impressive update on Monday which have seen shares in green. Anglo Pacific Group PLC is a global natural resources royalty and streaming company. The Company’s strategy is to develop a leading international diversified royalty and streaming company with a portfolio centred on base metals and bulk […]

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Rockfire Resources (LON:ROCK) have said that it has started drilling to expand gold mineralization at its BPL025 hole in Australia. Shares have surged this morning by 37.88% to 1p. 20/1/20 11:10BST. The firm said that reverse circulation drilling is now being undertaken and will be completed within a 15 day period. Geophysical anomaly will be […]

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Sirius Minerals (LON: SXX) provides investors with an indication of the pitfalls of investing in small mining companies developing projects. It may seem strange to say this, but having a good project is not enough for a small miner. It is no good if the company does not have the money to get the mineral […]

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Copper mining company ARC Minerals Ltd (LON: ARCM) announced on Tuesday that it had discovered additional near surface, high grade copper assays from its maiden diamond drill exploration programme at its Cheyeza East project in Zambia. Today’s update followed a year of good progress for the Company, with ARC Minerals also acquiring a 5% interest […]

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Diamond exploration and mining company Lucara Diamond Corp (TSE: LUC) posted a mixed set of results during Q3, and subsequently revised its revenue outlook towards the lower end of its full-year guidance. During Q3, the Company accrued $45.3 million of revenue, down marginally from $45.7 million year-on-year. Further, Lucara Diamond Corp’s year-to-date EBITDA was also […]

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Titanium mining company and operator of the Moma Titanium Minerals Mine in northern Mozambique, Kenmare Resources (LON: KMR), today announced that it had appointed a new Non-Executive Director with immediate effect. The new Non-Executive Director has been named as Dr. Elaine Dorward-King. Dr Dorward-King has over thirty years’ worth of experience in mining, chemical and […]

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Mining company KEFI Minerals PLC (LON: KEFI) announced today that it had made progress in its efforts to gain the full set of approvals needed for it to proceed at its partially owned Tulu Kapi Gold mining project, but that “certain internal administrative matters” were yet to be resolved. In its statement, the Company stated, […]

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Metals exploration and development company Panther Metals Plc (NEX: PALM) today announced that it had secured its first exploration licence in the Northern Territory, Australia. Its Exploration Licence Application regarded it Marrakai Project, which is located in Pine Creek Orogen. The ELA covers an area of 10.1 square kilometres, which has been the recorded source […]

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East Africa-focused gold producer, developer and explorer Shanta Gold Limited began “rapidly paying down its debt” during a productive third quarter, which saw the Group’s production volumes and sales expand. The Company booked an impressive reduction in net debt, dropping 23% during the quarter to US $20.7 million. Further, the Group’s net debt narrowed 15% […]

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Mining company Capital Mining Ltd (LON: CAPD) recorded progress during the third quarter and gears itself up for a busy end to FY 2019, with revenues currently lagging behind on a year-on-year comparison. Company revenues grew 6.1% compared to the previous quarter, up to US $29.4 million. However, on-year revenues contracted 5.2% from $31.0 million […]

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Precious metals mining company Avesoro Resources Inc (LON: ASO) has said its full-year guidance remains under review as operational difficulties weigh on gold production volumes. Following a switch to contactor mining at its Youga and New Liberty contracts, the Company said its production quantities had been adversely affected during the quarter. Third quarter production at […]

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Mining and property corporation Bisichi Mining PLC (LON: BISI) has seen its shares rally during Wednesday morning trading, following news that it saw consistent growth across earnings indices during the first half. Both the Company’s EBITDA and adjusted EBITDA rose between H1 2018 and H1 2019, by £0.5 million and £0.3 million to £5.7 million […]

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Precious metals mining company Polymetal International Plc has seen its share price rally on publication of its results for the first half of full-year 2019. The Company booked a 20% hike in revenues on a year-on-year comparison for the same period, up to US $946 million. Alongside this, the Company’s Adjusted EBIDTA jumped 34% to […]

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African-continent-based Copper, Gold and Cobalt mining company Arc Minerals Ltd (LON: ARCM) has today announced that it was going to prioritise West Lunga as a drill target following the ‘large’ Zamsortthe target being identified by technical consultants and the success of its Cheyeza East prospect last week. Following this latest discovery, the Company said it […]

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African-continent-based Copper, Gold and Cobalt mining company Arc Minerals Ltd (LON: ARCM) has announced that it has come across ‘significant copper mineralisation‘ at the Cheyeza East venture, in what was the Company’s maiden drill programme. Of the two holes drilled, it was the second that intersected and identified the zones of significant mineralisation at Cheyeza […]

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Copper ore and gold mining company Altus Strategies Plc (LON: ALS) announced that it had identified drill targets at three prospects over two sites, alongside its other announcement that it had secured a licence for multi-mineral and gold operations in Zager. Altus Resources and Zager Altau Resources, a local subsidiary of British group Altus Strategies, […]

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Anglo-Australian mining multinational Rio Tinto plc (LON:RIO) have seen their share price rally during Wednesday trading, owing largely to its latest performance figures. Sales boost Rio Tinto profits Following news of the selling off of its Grasberg mine in Indonesia and technological revelations at their Australian mining operations, Rio Tinto today booked impressive performance figures. […]

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Oxford-based technology transfer and sensor system supplier Transense Technologies Plc (LON:TRT) have seen their share price rally in Wednesday trading with the company announcing that they had secured a new contract. Not a tyred matter Transense announced on Wednesday that they had secured a further contract via their Ghanaian partner, to supply tyre monitoring systems […]

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Caledonia Mining Corporation Plc (LON:CMCL) has seen a share price dip in trading today as it suffers from the underwhelming output and low gold prices. The company have reduced their guidance following disappointing Q3 profits, with the adjusted figure through September dropping to $2.2 million for the three month period. As part of this hit, […]

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Mining firm Antofagasta Holdings (LON:ANTO) have announced a downgrade in their full-year output guidance for copper, following an on-year production and grade dip in copper and gold. Despite a 15.4% quarterly jump in copper production and a 21.2% jump for gold from the second to third quarter, and predictions of “particularly strong” production in the […]

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Precious metals mining company Fresnillo Plc (LON:FRES) have upgraded their output guidance for gold for the fourth quarter, whilst downgrading silver. One of the London-listed go-to precious metal players has today announced that it has seen a 1.7 % on-year increase in gold output, as well as an on-year increase of 8.5% in silver output […]

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Avocet Mining PLC (LON:AVM) has transferred 30% of its Tri-K gold project to the Moroccan mining group Managem SA. Avocet is a West-African focussed gold mining and exploration company with its primary projects in Burkina Faso and Guinea. Moreover, Managem is a Moroccan company active in the mining industry. Initially announced in October 2016, the […]

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Fresnillo plc (LON:FRES) moves toward volatility as share price dips, following a euphoric start to the month. After silver prices reached a five-month high at over 17.20 USD an ounce in mid June, they have since dipped by over a dollar in the wake of trade tensions and the subsequent sell-off of silver. As such, […]

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