Mining

Atlantic Coal plc, the AIM listed open cast coal production and processing company with activities in Pennsylvania, USA, has announced that it has ordered six Komatsu Model HD785-7 100 ton haul trucks and two CAT D9 dozers. This equipment purchase is expected to enable the Company to continue to increase the run-of-mine (“ROM”) production profile […]

Here is the current outlook on Gold and Silver. GOLD (XAUUSD): As it was mentioned in the last forecast on Gold, the price of this precious metal pulled back last week, following a few days of consolidation. However, the price has shrugged off further bearish pull as it begins a new period of bullish journey. […]

Here is the current outlook on Gold and Silver. GOLD (XAUUSD): Since a ‘buy’ signal was generated on Gold in early February 2014, it has moved upwards by over 8000 points. The bullish outlook on the market is very strong, and therefore, a bullish continuation would be spurred on by further buying pressure. This is […]

After closing yesterday at its highest point since 20 November 2013 Randgold’s share price (LSE:RRS) has slipped by 111.00 pence , a drop of 2.49% from yesterday’s close of 4456, during the first half of the day. Frankly, this is absurd. It would appear that the drawback was initiated by an inane reporter’s description of […]

Here is the current outlook on Gold and Silver. GOLD: The overall bias on Gold is bullish and last month (January 2014) was in favor of the bulls, save the last week of that month. However, the bullish bias is precarious, and therefore, certain factors must be put into consideration before it is seen as […]

Randgold Resources (LSE:RRS) proved the positive implication of the old axiom, “If you fail to plan, you plan to fail.” The company’s keen understanding of the gold market and its anticipation of a decline in the price of gold during 2013, positioned itself to described its annual results for 2013 this morning for “one of […]

Alecto Minerals (LSE:ALO), an AIM quoted mining exploration company focussed on West and East Africa, has commenced work at the company’s 945.5 sq km Wayu Boda Gold Project, located on the Adola Greenstone belt in southern Ethiopia. The project is held under joint venture with Centamin plc, which is required to fund US$1.8 million to […]

Mariana Resources, an AIM quoted exploration and development company focused in Peru and southern Argentina, have issued positive results from its scout drilling programme at its 102 sq km Condor de Oro copper-gold-molybdenum project, located along the prolific Cordillera del Condor gold-copper belt in Northern Peru. The latest drill hole CDOYE-5 has yielded the strongest […]

North River has announced that it has raised approximately £1,025,000 through a conditional placing of 170,833,333 new Ordinary Shares of £0.002 each at a price of 0.6 pence per Ordinary Share (the “Placing”). The Placing, which was conducted through Pareto Securities Limited, was over-subscribed. The net procceds of the Placing will be applied towards completion […]

North River Resources have announce a drill-for-equity agreement with the owner of the drilling and mining contractor operating at the Company’s flagship Namib Lead-Zinc Project in Namibia. Under the terms of this agreement, which also establishes an important local partnership for the Company, Mr. Wilhelm Shali, will be paid in shares of North River rather […]