Proactive weekly mining highlights: AEX Gold, Highland Gold, Glencore …
Inc. () () saw its shares commence trading on the AIM market of the London Stock Exchange on Friday under the ticker AEXG.
() (ASX:THR) firm revealed that there is visible gold from sample panning of the second phase of gold, nickel, and chromium geochemical sampling at the 100%-owned Pilbara Goldfield tenements in Western Australia.
Highland Gold Mining Limited () has agreed to a takeover offer from Fortiana Holdings Limited that values the group at just over £1bn or 300p per share.
() has set lower full-year guidance for the production of nickel and coal, though most of its project have continued to operate throughout the quarter to June.
European Metals Holdings Limited (LON:EMH) (ASX:EMH) highlighted “continued progress” at its Cinovec lithium and tin project in Czechia.
() reported that in the first quarter of 2020 it produced 8,127 tonnes of lead concentrate, up from 4,712 a year ago, while zinc concentrate rose to 4,609 tonnes from 3,015.
() said Southern Gold, in which it owns a 17.1% stake, has drilled 720.46 metres (m) of at the Aphae project, while drilling of a fourth hole has now commenced at the Deokon project.
() the South Africa-based gold miner said the feasibility study for its Egoli underground mine suggests that a gold price of US$1,650 per oz, the project can generate US$131mln from a nine-year life.
Berkeley Energia Limited () believes uranium market conditions could tighten, heightening concerns about future supply and potentially pushing up the price of the element.
’s () interim dividend halved as earnings tumbled after a challenging half-year. Underlying earnings (EBITDA) dropped 39% to US$3.3bn.
() told investors it has had further high-grade results and defined significant targets at the Ehuasso area of the Zaranou gold project in Côte d’Ivoire.
() has struck a deal to sell its legacy royalties in Turkey to its partner Bati Toroslar for US$250,000.
(), the Turkey-focused gold group, announced a 50% increase in the size of the resource at its Salinbas project to 1.5mln ounces (Moz).
() chief executive Patrick Cullen stepped down with John Teeling temporarily taking over alongside his role as non-executive chairman.
() increased its half-year dividend in a show of strength despite revenue and profits shrinking.
() has received a mine permit for the CS perlite-pozzolan project in Nevada, USA.
’s () Mina do Barroso lithium project could contribute nearly €1.2bn to the gross output of Portugal, according to a new report.