Kerim Sener, managing director at Ariana Resources plc (LON:AAU), tells Proactive's Andrew Scott a team's now on site at their Salinbas project and are commencing a programme of work there which includes re-logging of around 30 drill holes which will feed into a revision of the ore body model.''That will then form our exploration plan going forward - we're also planning for drilling at Salinbas la...Read More
The health of the high street will be the main focus on Friday, with official UK retail sales data due for release at the end of a week that saw UK inflation remain stubbornly higher.On Tuesday, the Office for National Statistics reported that the consumer price index in January remained at 3.0%, stalling at December's level after a slip back from 3.1% in November.But with inflation expected to fa...Read More
David Bramhill, executive chairman of Union Jack Oil PLC (LON:UJO), updates Proactive's Andrew Scott on their planned work programmes for 2018."High impact" drilling is slated for the Biscathorpe and Holmwood projects and they're also expecting a new planning application to be made for the stalled Wressle oil field development project. The new documents are due to be submitted to the authorities i...Read More
Mr. Marc Prefontaine reports ORLA ANNOUNCES CLOSING OF BOUGHT DEAL FINANCINGOrla Mining Ltd. has closed its previously announced bought deal financing, including the exercise in full of the underwriters' overallotment option. A total of 17.58 million units of Orla were sold at a price of $1.75 per unit, for aggregate gross proceeds of $30.76-million. Each unit consists of one common share of Orla...Read More
Cliff Holloway, chief executive of Scancell Holdings Plc (LON:SCLP), spoke to Proactive soon after taking over as CEO at the immuno-oncology company.Holloway says generating clinical data's a big focus for them in the near-term.''Over the next two years we expect to see clinical readouts from two of our programmes - SCIB1 and Modi-1''.''We'll be extending our pipeline particularly around Moditope...Read More
Dr. John-Mark Staude of Riverside reportsRIVERSIDE PROVIDES UPDATE ON EXPLORATION AND DRILLING IN SONORA, MEXICO Riverside Resources Inc. recently completed a partner-financed diamond drilling campaign at the Puerto Alamo target at the 36-square-kilometre Glor gold project. The exploration and drilling work was financed by partner Centerra Gold Inc., as part of its option to earn a 70-per-cent int...Read More
Gervaise Heddle, chief executive at Greatland Gold plc (LON:GGP) discusses with Proactive their plans to start a drill programme at the Havieron licence in April.Heddle says they're expecting to encounter a potentially large mineralised system, based on the results of detailed aeromagnetic and ground gravity data. Meet Medusa Mining, Cora Gold, Group Eleven Resources Ltd., Harvest Minerals L...Read More
LONDON, Feb 15 (Reuters) - London Metal Exchange (LME) stocks of aluminium have surged by almost a quarter of a million tonnes over the last five days.A cumulative 265,475 tonnes have "arrived" in the LME's warehouse network, including 166,225 tonnes on Monday, which showed up in the exchange's Tuesday stocks report.That was the most dramatic single-day "arrivals event" since March 18, 2014, when...Read More
Pembridge Resources (LON:PERE) said Thursday it was buying Capstone Mining's (TSX:CS) Minto copper-gold-silver mine in Canada's Yukon for $37.5 million in cash plus a 9.9% stake in the company.The miner, which last year moved from the Aim to LSE main board, said the acquisition makes of Pembridge a cash flow generating copper producerThe London-based company said it plans to raise $50 mill...Read More
Mr. John Burzynski reports OSISKO INTERSECTS 2.51 G/T AU OVER 73.0 METRES AT GARRISON Osisko Mining Inc. has provided the final results from the 2017 drill program at its 100-per-cent-owned Garrison gold project located in Garrison township, Ontario. Over 85,000 metres of new drilling have been conducted by Osisko on the Garrison project since its acquisition in late 2015. A total of 15 new interc...Read More
This Friday, China is going to celebrate its new year, kicking off one of the planet's great migrations...Read full newsRead More
Mr. Darin Wagner reportsBALMORAL COMMENCES WINTER DRILL PROGRAM ON MARTINIERE GOLD PROPERTY AND PROVIDES CORPORATE UPDATEBalmoral Resources Ltd.'s winter 2018 drill program on its Martiniere gold property in Quebec is under way, and visible gold mineralization has been intersected in the first hole of the program. This first hole targeted the down-plunge extension of the recently discovered, near-...Read More
Rising mineral prices and the increasing difficulties to earn a living from agriculture, have led to an explosive growth in global artisanal and small-scale mining (ASM) in the last few years.The activity is emerging as an significant socio-economic sector in a number of developing nations, to the point it has become a major of revenue for millions of people in about 80 countries worldwide - mostl...Read More
Canada's Barrick Gold Corp , the world's biggest gold producer, forecast an output drop over the next four years on Wednesday, with mining costs flat to higher.Read full newsRead More
The Indonesian unit of Freeport-McMoRan Inc and fellow copper miner Amman Mineral Nusa Tenggara (AMNT) are waiting for last-minute mining ministry approvals to their applications to extend copper concentrate exports, company officials said.Freeport's export permit for Grasberg, the world's second-biggest copper mine, is due to expire on Friday, as is Amman's permit to ship ore concentrate from its...Read More
Gold price surges in best trading day since Brexit mid-2016 as world's largest hedge fund pours money into gold-backed ETFs.Read full newsRead More
The company announced strong results for the first half of its fiscal 2018, but there's a catch.Read full newsRead More
Climate Home News: In 1996, Osvaldo Wuaru and his family arrived on the outskirts of the vast Munduruku Amazon Territory with a crucial mission: set up a village to hold back the invasion of pariwat (non-indigenous) gold miners. Twenty-one years later, it has all but failedRead full newsRead More
Market Overview Analysis by Steve Saville covering: XAU/USD, Gold Futures, BTC/USD. Read Steve Saville's latest article on Investing.comRead full newsRead More
A more dramatic move in the price of gold is necessary for miners to start outperforming the metal.Read full newsRead More