Despite a relative pessimism regarding macroeconomic fundamentals, the South African rand is expected to gain strength over the next few months and that could mean bad news for the country's gold miners, according to BMI Research.In a recently published report, BMI forecasts a year-end exchange rate of ZAR10.9/USD, up from a previous forecast of ZAR11.6/USD. The firm says that not everyone will be...Read More
Newrange Gold Corp. ('Newrange' or the 'Company') is pleased to welcome Mr. Robert Archer, Co-founder of Great Panther Silver Limited, as a Director of the Company, effective immediately.Read full newsRead More
Japan Gold Corp. (TSXV: JG) (OTCQB: JGLDF) ('Japan Gold' or the 'Company') is pleased to announce its corporate strategy in 2018.Read full newsRead More
Aben Resources Ltd. (TSX-V:ABN) (OTCBB:ABNAF) (Frankfurt:E2L2) (the "Company") is pleased to announce that they have received the 2018 exploration permit from the Government of Saskatchewan and has commenced mobilization for camp construction at their 4,656 hectare Chico Gold Project.Read full newsRead More
Bikes maker Tandem Group plc (LON:TND) sprinted higher on Thursday after revealing net profit for 2017 is likely to be significantly higher year-on-year.The expected increase in profits is despite a small reduction in turnover of 4% from the year before to ?36.8mln.The cost control measures taken to streamline bicycle operations brought about an expected reduction in turnover but this also had a...Read More
Tom Burnet, executive chairman at accesso Technology Group PLC (LON:ACSO), discusses with Proactive's Andrew Scott their first healthcare partnership with the Henry Ford Health System (HFHS).The long-term agreement will enable HFHS, a six-hospital system, to use TE2, accesso's digital experience and personalisation platform, to digitise and personalise patients' interaction with the healthcare pro...Read More
Great Bear Resources (TSXV:GBR, OTC:GTBDF) today announced that crews are being mobilized for the Phase 2 drill program at its Dixie Lake gold project, located in the Red Lake district of Ontario.Read full newsRead More
Andy Carroll, technical director at Mosman Oil And Gas Ltd (LON:MSMN), tells Proactive they're exercising their right to buy into the Arkoma oil project in Oklahoma.Through a series of deals and amendments the company ends up with a 27% stake in the project.In the field, the project partners will now work to generate production and cash flow while longer term plans will be considered for the proje...Read More
Ray Gibbs, chief executive of Haydale Graphene Industries PLC (LON:HAYD), tells Proactive he's expecting revenues over the next twelve months to rise following a period of investment and expansion.Revenues in the six months to the end of December 2017 rose by two-thirds to ?2.49mln with commercial/non-grant income 85% higher at ?2.04mln.Gibbs says they've been investing heavily in its Taiwanese...Read More
Richard Gray, chief executive of Scotgold Resources Limited (LON:SGZ) tells Proactive they've received planning approval for the first commercial gold mine in Scotland's history.Gray says the Loch Lomond and the Trossachs National Park Authority unanimously approved their application for the development of the Cononish Goldmine at a Special Board Meeting held on Tuesday, subject to the conclusion...Read More
London Stock Exchange (LON:LSE) is expected to report a record increase in full year profits on Friday despite being without a permanent chief executive after Xavier Rolet was forced out by the chairman.Analysts forecast a 25% rise in earnings to ?955mln in 2017.However, the results are likely to be overshadowed by questions about the group's leadership following the departure of Rolet in No...Read More
Adam Waugh, chief executive of BlueRock Diamonds PLC (LON:BRD), tells Proactive they're expecting to ramp up production this year at the Kareevlei diamond mine in South Africa as they operate from the upgraded plant.Waugh estimates they can achieve an average grade of between 3.5 carats per hundred tonnes (cpht) and 4.5 cpht, indicating total production of between 9,500 and 12,500 carats.Last year...Read More
Chile's Chemical and Mining Society (SQM), one of the world's largest lithium producer, said global demand for the white metal, a key ingredient in the making of batteries that power electric vehicles, will continue to grow at rate of roughly 80% annually in the next five years.According to chief executive officer Patricio de Solminihac, the world will need at least 50,000 tonnes of lithium a yea...Read More
(Bloomberg) - Australian mining legend Lang Hancock's dream four decades ago of exporting coal from the country's remote Galilee Basin is becoming a nightmare for two Indian conglomerates.Adani Group bought into the Queensland basin in 2010, followed a year later by GVK Group, with plans to ship thermal coal by the middle of the decade. Deals to build ports and rails signaled early promise, but t...Read More
Vancouver, BC - Select Sands Corp. (TSX-V:SNS | OTCQX: SLSDF) (the "Company") is pleased to announce is pleased to announce that the Company has increased its line of credit ("LOC") with First Community Bank of Arkansas, USA from $2M USD to $5M USD. The Company plans to draw down on these funds, when necessary for growth and working capital requirements. No draws have been made to date.Zig...Read More
Ontario is helping Smooth Rock Falls open a new grocery store, after the community's only grocery store was destroyed by a fire in 2015. Through the Northern Ontario Heritage Fund Corporation (NOHFC), the province partnered with the Town of Smooth Rock Falls to purchase and renovate a building on Highway 11 in the community for use as a grocery store. This renovation project includes upgrades to...Read More
(Bloomberg View) - Although it's small and mostly poor, Guatemala sits on a heap of treasure. Last year, it ranked as the world's 15th-largest producer of silver, a nest egg that could yield economic growth and taxes and royalties, helping to hoist millions from misery.So why is the Escobal silver mine, one of the world's largest, idle? In 2014, when the Canadian-owned Tahoe Resources Inc. starte...Read More
Mr. Cooper Quinn reportsDRILL ASSAY RESULTS FROM MITCHELL LAKE ZONE RETURN 9.26 G/T GOLD OVER 0.5 METRES AND A BROADER DISSEMINATED INTERCEPT OF 30.50 METRES GRADING 0.70 G/T GOLDOsprey Gold Development Ltd. has released assay results from three holes drilled on the western portion of the Goldenville property in the Mitchell Lake zone. The company's Goldenville property is located in Guysborough c...Read More
Mr. Jeffrey Pontius reportsCORVUS GOLD DRILLS 30.5 METRES OF 2.05 G/T INCLUDING 12.2 METRES OF 4.45 G/T GOLD EXPANDING MOTHER LODE DEPOSIT TO THE EASTCorvus Gold Inc. has received additional results from two of four holes evaluating the eastern extension of the Mother Lode deposit.Results indicate mineralization continues to expand the system to the east (see attached table).The Eastern extension...Read More
Africa-focused Stellar Diamonds (LON:STEL) said Wednesday it had finalized its tribute agreement and revenue share with junior Octea Mining for the Tongo-Tonguma diamond project in eastern Sierra Leone.The deal, which allows for mining the combined and contiguous Tongo and Tonguma concessions, is expected to create one of the largest diamond mines in West Africa."The closure of the agreements with...Read More