LSE Market News

URU Metals, a multi-commodity resource exploration and development company, has nnounced the appointment of John Zorbas as Chief Executive Officer (non-board appointment) with immediate effect. Mr. Zorbas, a resource entrepreneur with a proven track record in the metals exploration and development industry, will provide further expertise to the URU Metals team as it focuses on […]

Alecto Minerals plc (LSE:ALO), an AIM quoted mineral exploration company focussed on West and East Africa, has released its audited final results for the year ended 31 December 2013. Highlights: · Acquisition of the Kossanto Gold Project in western Mali (‘the Kossanto Project’) and associated regional projects, located in a proven gold hosting region · […]

AFCR, the AIM listed resources and development company, has announced key board changes which reflect the Company’s evolving strategic development, including fast-tracking its flagship Pickstone-Peerless Gold Project towards production. The following board changes will take effect immediately. Overview: – Appointment of Mr William Battershill as Chairman – a highly...

AIM-listed Amara Mining (LSE:AMA) said phase 1 of its 2014 drilling campaign at its Yaoure Gold Project in Côte d’Ivoire (Ivory Coast) yielded impressive results. In a statement, John McGloin, Executive Chairman of Amara, said the campaign had “strong initial results” that confirmed earlier data and increased the company’s confidence in the potential of the […]

Anglo Asian Mining plc, the AIM listed gold producer in Azerbaijan, has announced final audited results for the year ended 31 December 2013 (‘FY 2013’). Overview: · Steady production performance at flagship Gedabek gold-copper-silver mine in Azerbaijan in FY 2013 · Total gold production of 52,068 ounces (2012: 50,215 ounces) · Gold sales of 46,076 […]

Options three new tenements surrounding the Los Cisnes Gold-Silver Project, Santa Cruz Province, Argentina Mariana Resources Ltd, the AIM quoted exploration and development company focused in Peru and southern Argentina, announces that it has optioned three new strategic tenements abutting and adjoining its 100% owned Los Cisnes Project in the eastern Deseado Massif, a prolific […]

Rock samples return DSO iron grades at Mebaga Iron Ore Project in Gabon Ferrex plc, an AIM quoted iron ore and manganese development company focused in Africa, has said that high iron values have been returned from rock samples collected as part of the mapping programme in February 2014 to increase the mineralised area at […]

Signed with Mexican oil and gas operator Astar Minerals plc has announced that it has signed a joint venture agreement with Nogal Holdings LLC, an experienced operator of oil and gas properties in the US and Mexico, to jointly evaluate, acquire and develop oil and gas concessions in Mexico. This agreement is in line with […]

Phizer (NYSE:PFE) has officially withdrawn it’s £69 billion offer to acquire British pharmaceutical giant, AstaZeneca (LSE:AZN). According to a statement from Pfizer on 26 May, the deal has been withdrawn and, therefore, will not happen at any time in the near future, if ever. The text of Pfizer’s announcement read: On 18 May 2014, Pfizer announced […]

The Saga Group (LSE:SAGA) floated it’s IPO on the London Exchange today. Saga’s share price closed at the same price it was offered: 185.00 pence, after a short period spent at 189.00. As usual, there are at least two side to the story. The plot of one is that it was a successful IPO, raising £550 […]