Mining

Acquisition of Lanstead Holding in Company Paragon Diamonds Limited, the AIM quoted diamond development company in Lesotho, Africa, has announced that it has agreed to purchase, conditional on shareholder approval, 63,000,000 ordinary shares in the Company, representing 18.9% of Paragon’s entire issued share capital, from Lanstead Capital L.P. at a price of 3p per share […]

AIM-listed Central Rand Gold Ltd. (LSE:CRND) shares reached a 52-week high of 45.29 this morning. That is an increase of 466%. At its current price of 24.08, as at 4:00 p.m. UTC, it is still up by more than 200%, taking its market cap from £17.67 million to more than £35 million. The significant upthrust immediately followed […]

Drilling Update at Schonberg Project Noricum Gold Limited, the Austrian focused gold exploration and development company, has provided an update on drilling being undertaken at the 100% owned Schonberg Gold and Precious Metals Project, located in an historic copper mining zone in south-central Austria. Previous exploration has already identified up to eight veins along a […]

GOLD (XAUUSD) Dominant Bias: Bearish Gold is a weak market, and it is not advisable to seek long trades in this market, unless everything has gone completely bullish. The market dropped heavily last week, reaching as low as the demand level of 1161.20. There is a strong Bearish Confirmation Pattern in the market and the […]

Latest Operations Update reveals all Goldplat plc, the AIM listed gold producer in Africa, announces an operations update for its two market leading gold recovery businesses in South Africa and Ghana, and its Kilimapesa Gold Project in Kenya. The Directors remain confident that the Company is on track to report an operating profit for FY […]

Nayega Manganese Environmental Permit Granted – Exploration Permits Extended Ferrex plc, the AIM quoted manganese and iron-ore development company focused in Africa, has announced that the Environmental Permit at the Nayega Manganese Project has been granted. The Project is located in northern Togo held through Societe Generale de Mines (SGM). The Environmental Permit sets the […]

Kelkka Nickel Sulphide Project – Geophysical modelling completed, targets defined and drill programme designed and ready to drill FinnAust, the AIM listed exploration company with a multi-project copper, zinc and nickel portfolio in Finland and Austria, has completed of the modelling and drill design phase at its Kelkka Nickel Sulphide Project in South East Finland. […]

GOLD: Since July 2014, Gold has been very weak. This market dropped seriously from the month of July 2014, testing the support level at 1182.94 in October 2014. Since then, the market has been making some serious attempts to go bullish. The market is thus bullish in the medium-term, but bearish in the near-term. The […]

Allotment of Ordinary Shares following Exercise of Conversion Rights Mariana Resources Ltd, the AIM quoted exploration and development company focused in South America, has announced that it has received notice of exercise in respect of the convertible security previously issued on 16 September 2014 at a conversion price of 1.6 pence being 92.5% of the […]

African Barrick Gold (LSE:ABG) released its unaudited results for the third quarter yesterday. Its share price rose from 195.00 to 200.00 on some impressive results. Typically, we (writers) rush to post the same headlines and stories that everyone else is writing. I have been thinking lately that waiting a day or two offers a slightly […]