Mining

 AIM-listed, South Africa-focussed precious metals miner Pan African Resources (LSE:PAF) has today updated investors on the ongoing process for its prospective Rand1.5 billion (circa. £110 million) acquisition of Evander Gold Mines Ltd. At a current 20.75p share price, capitalising the company at just over £300 million (£378 million adjusting for a prospective rights issue), Pan […]

AIM, Canada and Peru-listed Latin American gold miner, Minera (LSE:MIRL) has followed last week’s publication of a feasibility study on its Ollachea project in Peru with an announcement that it has awarded a contract to begin drilling extensions of the Ollachea ore bodies from underground. This is a company I followed for a couple of […]

Maybe I am just thick but today’s news from AIM listed Gem Diamonds (LSE:GEMD) that it is to sell its Australian mine at Ellendale has me utterly baffled. You see the price tag just bears no relation to its balance sheet value. Needless to say it is the price tag that is far lower. The […]

Gold explorer, Nyota Minerals Limited (LSE:NYO), has unearthed further potential for its proposed open pit mine in its flagship project in Ethiopia ahead of the definitive feasibility study (DFS) soon to be released within this month. In a statement, the ASX- and AIM-quoted exploration and development company said further high-grade mineralisation was encountered below the […]

AIM, Canada and Peru-listed gold mining stock Minera IRL (LSE:MIRL) has today announced the results of a feasibility study on its Ollachea project in Peru. This is a company I have followed for a couple of years on t1ps.com and more recently on my own blog and which I have recently written about in a modestly […]

Two days ago we posted an article about Sir Mervyn King and the Bank of England which described the inept management of the Bank with respect to forecasting the economy.  Today we can show you an example of a company that understands the wisdom of getting it right by properly managing their business. Instead of […]

Russian gold producer, Highland Gold Mining Limited (LSE:HGM) has more than enough resources to last for several more years and extend the operations of its flagship mine in the far east region of the Russian Federation. That would seem to be the likely conclusion following the end of the two-year drilling exploration programme around the […]

Tin hat on I offer up a couple of thoughts on our favourite oil and gas joke company valuation play US Oil & Gas (USOP) and a little company on AIM, Great Western Mining (LSE: GWMO). You see they are from the same stable and the connection does not end there. Both companies were set […]

GCM Resources (LSE:GCM) shares currently evince some probability of a northward journey. Right now, the bullish attempts might look desultory, but event on the chart would unfold as extrapolated below. Technical Forecast We can say that the historical traces of buyers and sellers could determine what might unfold in a foreseeable future. Given the visual […]

All Gold stocks are off today. A large sell order in the physical gold market has seen the gold price weaken by about 2.5%. Inevitably those who said that gold was a bubble to burst at $900 and at $1200 will be wheeled out again to blather on about bubbles and the end of the […]