Mining

Jubilee Platinum (LSE:JLP), a platinum producer operating in South Africa, saw its shares soaring to a third of its’ previous close. JLP stocks are trading at 16.35p as of press time, up by 4.125p from last Friday’s close. An article about the potential of the company referred the share price of JLP as a “bargain” […]

Angel Mining (LSE:ANGM) shares continued their upward trend today as the company released the news that the Nalunaq mine had poured another 13.77 kilograms (428 ounces) of gold doré on Monday, December 19th. Angel stocks were up 26.09% on a volume of 43,032,669 shares. Update on Operations The is the 8th pour of gold doré […]

Afferro Mining (LSE:AFF) has announced that it is to sell its 38.5% stake of the Libereian Putu iron ore project to Russian mining giant Severstal. The AIM listed west-African firm announced that it had reached the agreement, worth at least £115m, so that it could focus on its Cameron iron ore project. In a statement […]

Karelian Diamond Resources Plc (LSE:KDR) announced successful initial results from a sampling programme on its Riihivaara target on Friday, prompting a 13.3% rise in shares to 2.125 p by the mid-afternoon. Sampling Operation Overview Following a basal till sampling programme on the target, which is located in the Kuhmo area near the company’s diamondiferous Seitapera […]

In a statement released on Friday, Churchill Mining Plc (LSE:CHL) announced that it has filed a formal letter with the Republic of Indonesia, appealing to senior government officials for a solution to their current investment dispute. In response to the news, the share price went up over 50% to 14.5p by the early afternoon. In […]

Solomon Gold Plc (LSE:SOLG) announced on Wednesday a resource upgrade for their Rannes site in Central Queensland, Australia.  The news drove the share price up over 40% by mid-afternoon trading. The statement released by the company on 30 November informed investors that the Inferred Resource Estimate at the Rannes site has increased by 20% from […]

Angel Mining Plc (LSE:ANGM) released a statement containing unaudited financial information for the six month period ending 31 August, 2011.  The news propelled the share price down as far as 28% in early trading on Wednesday. Financial Results The company reported a loss of $1,654,000 for the period, a dramatic reduction from the same period […]

Serabi Gold Plc (LSE:SRB), a UK based gold exploration company with an operational focus on Brazil, released a statement on Thursday announcing positive preliminary results from drilling activities on the south-eastern strike extension of their Palito deposit.  The AIM traded company share price was up 2.5% at 3:11 pm GMT following the news release. Operational […]

African-based diamond miner and explorer, Namakwa Diamonds Limited (LON: NAD) announced today it has converted US$16.03m trading debt into 66,791,667 new ordinary shares. Approved by shareholders, the deal sees a $40m two-year secured term loan – of which $23 m has been drawn – continuing to remain available to the company. The conversion of debt […]

Tailings processsing company Berkeley Mineral Resources (LSE:BMR) announced on Wednesday its continued verification and assessment work at the Kabwe mine in Zambia.  BMR shares were trading 4.3% higher at 2.4p by mid-morning trading. The announcement comes in connection with the pre-feasibility study being conducted on the resources at the project, washplant, slags, and leachplant...