29 Aug 2012 @ 11:45
UPDATED: Condor Gold plc (
LSE:CNR) has concluded its drilling programme at its 100% owned La India Project in Nicaragua and said it is ready to present an updated resources estimate by September 2012. Eleven holes were drilled during the final phase of the programme for a combined depth of 1,890 metres and encountered mineralisations of […]
24 Aug 2012 @ 13:00
Sierra Leone-focussed miner African Minerals Limited (
LSE:AMI) revised its guidance for the year to produce only about five to six million tonnes of iron ore, sending shares down 15.42% to £2.535 in early morning trading today. In a statement, African Minerals said the severe wet season has resulted in material handling issues and delay in […]
23 Aug 2012 @ 20:17
The Gold price has raced ahead by $32.30 to $1672.80 an ounce today thanks to the release of the last minutes of the meeting of the Federal Reserve Open Markets Committee (FOMC) that showed QE3 is just inevitable. Like we did not know that already. But this is just the start. Phrases involving genies and […]
23 Aug 2012 @ 14:26
How was it possible for one miner to produce more gold at a higher price and yet report a 90% dilution of profit? That must have been the question in every Petropavlovsk plc’s (
LSE:POG) shareholder’s mind right now after reading the half year results released today. All 286,074 ounces of gold sold at a price […]
23 Aug 2012 @ 12:25
The shares price of Petropavlovsk (
LSE:POG) have gapped down with significant selling pressure. This is a bear market, but the market condition has been very difficult recently. The crucial thing is to pinpoint high probability entries or stay out of this market – as the analysis below would reveal. Every trader may derive gains from […]
20 Aug 2012 @ 14:50
The long wait is over. Shanta Gold Limited (
LSE:SHG) is finally on its way to produce between 13,000 and 17,500 ounces of gold from its New Luika Gold mine in Tanzania by the fourth quarter of 2012, the company said today. Shares of the Shanta Gold, trading on the Alternative Investment Market, gained 11.4% to […]
17 Aug 2012 @ 15:28
The conflict at the Lonmin (
LSE:LMI) Marikana platinum mine is nearing epic proportions. Lonmin share price fell by 8% as the market opened, but staged a modest comeback to 636.00, down a more marginal 1.85% (12.00 pence) by early afternoon as investors try to cope with the increasing violence. How Bad Is The Violence? So […]
16 Aug 2012 @ 15:50
I could not have put it better than this note from the trading desk at a leading London broker, which I have just been sent. I am sorry that I cannot include the chart referred to but you can guess what it looks like. The report states: Gold has had a quiet year thus far. […]
16 Aug 2012 @ 13:00
Base metals miner Talvivaara Mining Company plc (
LSE:TALV) has released a revise guidance for its nickel production for the year to only about 17,000 tonnes of nickel, as the company continues to drain its mine of water brought about by excessive rainfall in spring. More than a month ago, the Finland-based firm already stated it […]
16 Aug 2012 @ 13:00
The shares on Regency Mines have consistently shown weakness up till now: something that is expected to continue further. This is a bear market and it is very dangerous to go long right now. On the other hand, a discreet seller would have made a huge profit in this market, particularly those who sell rallies […]