Mining

Centamin (LSE:CEY) share price is trading down just under 2.0% from yesterday’s close at 53.30. At mid-afternoon CEY is at 52.25, following release of the company’s first quarter 2014 production results. I suggest that it takes a great deal of patient understanding when reading a report like Centamin’s. Gold’s Not Glittering Like It Used To […]

Touchstone stock (LSE:TGL) has long become a bears’ paradise. There has been a steep decline in the price; which was punctuated by short-term rallies and further dips. This kind of bias has really benefitted the bears, since they have learned how to make fortunes from this kind of market. A tormentor makes his victims hardy. […]

Here is the current outlook on Gold and Silver. GOLD (XAUUSD) Dominant Bias: Bullish The bias on Gold was recently bearish, but the precious metal has been trying to reject further southward move. The effort to reject further southward move became serious throughout last week when the price found a bottom at the support level […]

Here is the current outlook on Gold and Silver. GOLD (XAUUSD) Dominant Bias: Bearish Gold is now a bear market. It started trending downwards last week. The precious metal topped at the resistance level of 1392.00, and since then, the price has dropped by a significant amount of points. There is now a Bearish Confirmation […]

Uranium Resources plc, the AIM-listed uranium exploration and development company in Tanzania, has said that it has entered into a further US$300,000 loan facility agreement with its major shareholder and strategic investor Estes Limited. The loan, which is unsecured, is available for the period to 1 January 2015 and bears interest at LIBOR, will be […]

Ferrex, an AIM quoted iron ore and manganese development company in Africa, has announced it has entered into Placing Agreements to raise £1.655million gross through the issue of 92,500,000 ordinary 0.5p shares in the Company. The funds raised will be used to continue the development of the Company’s low capex African iron ore and manganese […]

Savannah Resources (LSE:SAV)announces that it has received positive testwork results from follow-up analysis of samples collected from a 27 hole, 1,812m scout drilling programme completed in November 2013. The results confirm broad zones of heavy minerals at its prospective 180km² Jangamo heavy mineral sands project (‘Jangamo’ or the ‘the Project’), which is located in a […]

Transnational Group, Inc. (NASDAQ:TAMG), has today announced that it is in negotiations with a mineral development company to acquire an interest in 70 contiguous mining claims located in the Pacific Northwest. Transnational Group’s target property has an estimated recoverable amount of iron ore in excess of 687 million tons of high-grade magnetite concentrate (iron ore), […]

North River Resources Plc (AIM:NRRP) have released recently assayed drilling results indicate significant quantities of high grade mineralisation under the historic Namib Lead Zinc mine. Highlights: – 23.3m of 20.5% combined Pb/Zn with 132.4 g/t Ag – 15.1m of 16.9% combined Pb/Zn with 45.2 g/t Ag – 12.1m of 18.1% combined Pb/Zn with 169.2 g/t […]

African Consolidated Resources PLC, the AIM listed resources and development company, has confirmation of an Ore Reserve Estimate in accordance with the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves, 2012 Edition (“the 2012 JORC Code”) of 16.6Mt grading at 1.9g/t for 1.02Moz of contained metal at its flagship Pickstone Peerless […]