Mining Review 24th December 2023
Two major announcements by companies on our watchlist list up a normally quiet final week before Christmas.
Galiano Gold acquired the other 45% of the Asanko mine in Ghana from their JV partner, and Calidus Resources announced a stunning deal to acquire the Nullagine mine and immediately lease out 80% of the camp for 10 years bringing in much needed cash to the company. Continue reading
Galiano Gold (TSX: GAU)
Announced that it has entered into a binding share purchase agreement with subsidiaries of Gold Fields to acquire Gold Fields’ 45% interest in the Asanko Gold Mine.
Upon completion of the Acquisition, Galiano will establish itself as a growing gold producer with robust financial strength, owning and operating one of the largest gold mines in West Africa.
Calidus Resources (ASX:CAI)
Anounced that it has agreed to acquire the Nullagine Gold Project in the Pilbara from Novo Resources Corp. (ASX:NVO).
Calidus has also agreed to licence the use of the Nullagine camp infrastructure to Atlas Iron Pty Ltd. for $14m upfront consideration. Continue reading
Galiano Gold (TSX: GAU)
Reported its third quarter operating and financial results for the Company and the Asanko Gold Mine, located in Ghana, West Africa.
The mine is a 50:50 JV with Gold Fields Limited which is managed and operated by Galiano. Continue reading
Eloro Resources (TSX: ELO)
Announced the first assay results from five (5) of the drill holes in its eleven hole 5,267.7m definition drill program on the Iska Iska silver-tin polymetallic project in the Potosi Department of southwestern Bolivia. Continue reading
Orla Mining (TSX: OLA)
Notes that the Panamanian Ministry of Commerce and Industryhas rejected the requests for extension for the three mining concessions comprising the Company’s Cerro Quema Project, declared the concessions cancelled, and declared the area comprising the concessions to be a reserve area. Continue reading
Wesdome Gold Mines (TSX: WDO)
Announced additional drill results from the recently discovered zone hosted in volcanics west of the mine diorite and additionally from mineralization identified along the eastern margin of the mine diorite at the Company’s wholly-owned Eagle River Mine in Wawa, Ontario. Continue reading
Mining Review 17th December 2023
i-80 Gold Corp. released positive results from Granite Creek in a week with little news otherwise, as the conference season is over and focus turns to Christmas.
Confusing messages for the FED have kept down the price of gold just as it looked to be ready to take off, and some stocks have given back some of their recent gains. Continue reading
Argosy Minerals (ASX: AGY)
Provided an update on key developments at their Rincon Lithium Project.
2,000tpa operation works progressing, and comprehensive test works being conducted to determine optimum operational. Continue reading
Colonial Coal (TSX.V: CAD)
Colonial announced the result of their AGM held yesterday, 14th December, in Vancouver.
All directors were re-elected, the BOD were re-elected, and all motions duly passed. Continue reading
i-80 GOLD CORP. (TSX: IAU)
Announced high-grade results from the ongoing 2023 underground drill program that is targeting mineralization in the upper part of the South Pacific Zone at the Company’s Granite Creek Property located in Humboldt County, Nevada. Continue reading
Calidus Resources (ASX: CAI)
Reported that it has executed a Binding Profit Share Agreement with Haoma Mining NL covering the Blue Bar Deposit.
As a result, the Calidus Board has approved the development of the Blue Bar Project. Continue reading
Global Mining Finance Conferences
Have confirmed their London conference dates for 2024.
Both events will take place in the Pewterers’ Hall, Oat Lane, City of London on the Continue reading
Gold Road (ASX: GOR)
Published a new corporate presentation for the conference season, highlighting recent production performance, slightly higher gold recoveries, and cash held in the bank.
With higher gold prices, and a 19.9% investment in De Grey Mining, plus other investmsnts, the company looks in good shape for 2024. Continue reading
Mining Review 10th December 2023
Gold has retreated from the new all time high around $2,170, and is currently trading under $2,000 again, as rate cut anticipation wains after some stronger then expected US employment numbers.
Companies in the news this week included West Red Lake Gold Mines, and I sold Argosy Minerals and Minera Alamos from my personal portfolio. Continue reading
i-80 GOLD CORP. (TSX: IAU)
Report continued high-grade poly-metallic results from the ongoing drill program at the Company’s Ruby Hill Property located in Eureka County, Nevada.
The glory hole was iRH23-42A at 10.1 % Zn, 0.6 % Pb, 37.0 g/t Ag & 0.3 g/t Au over 116.3 m Continue reading
Global Mining Finance Conference
The London conference presentation videos have been loaded onto the website and are available for viewing on Youtube.
To view the conference videos, click the link Continue reading
Cornish Metals (AIM / TSX.V: CUSN)
Focused on its South Crofty Tin Project in Cornwall, United Kingdom, is pleased to provide an update on the progress of dewatering of South Crofty Mine.
Dewatering has been underway since early November with up to 25,000m3 per day of water pumped directly from South Crofty Mine and treated at the Water Treatment Plant, and is ahead of expectations. Continue reading
Minera Alamos (TSX.V: MAI)
I have been a loyal shareholder of Minera for around three years now, and have made a profit from holding the stock, but there comes a time when you have to look at the performance against the objectives set by the company.
I am wary of the permit delays, and with an upcoming election, if they are not issued before, it may delay things for some time. I see other opportunities with less risk. Continue reading
West Red Lake Gold Mines (TSX.V: WRLG)
Reported drill results from its Madsen Mine located in the prolific Red Lake Gold District of Northwestern Ontario, Canada.
The drill results were focused on the high-grade South Austin Zone, which currently contains an Indicated mineral resource of 474,600 ouncesgrading 8.7 grams per tonne gold, with an additional Inferred resource of 31,800 oz grading 8.7 g/t Au. Continue reading
