Bert Monro, head of business development at Hummingbird Resources PLC (LON:HUM), caught up with Proactive's Andrew Scott to discuss their first quarter update.Hummingbird poured 18,785 ounces of gold in the first three months of the year with 9,912 ounces of that figure in March.From April 1-24 it has poured a further 8,648 ounces.The company's reiterated its 2018 guidance of 105,000-115,000 ounce...Read More
Apollo Minerals' (ASX:AON) Hugo Schumann discusses with Proactive Investors what's been described as an 'exceptionally busy' quarter.As well as a capital raise of A$6mln, Apollo also signed a deal that will see it take full ownership of the Couflens project where initial exploration success has unearthed high gold grades and tungsten. Meet Peninsula Mines Ltd, Silver City Minerals Ltd and Em...Read More
(Bloomberg) - A proposed law raising foreign ownership limits in airlines and Canada's biggest railway carrier is headed back to the Senate, the latest step in a tug-of-war that has the mining sector speaking out.Prime Minister Justin Trudeau's government has spent the past year plodding forward with a legislative overhaul that affects major companies like Canadian National Railway Co., Canadian...Read More
WILMINGTON, Del., April 30 (Reuters) - Contura Energy Inc and Alpha Natural Resources Holdings Inc said on Monday they agreed to merge, creating the largest U.S. producer of metallurgical (met) coal, used in steelmaking, and reuniting the two businesses that were split following a 2015 bankruptcy.The deal comes as investors look for consolidation in an industry that is recovering from a deep downt...Read More
Higher crude prices are obviously good news for Big Oil but it is not necessarily that simple for investors in BP PLC (LON:BP), which like rival Royal Dutch Shell, has many more moving parts.Shell shares were on the back foot after its first-quarter results last week as crude strength didn't translate directly to free cash flow.Morgan Stanley analysts, in a recent note, said they expected BP's fir...Read More
Tom Becker, chief executive of Iofina plc (LON:IOF), tells Proactive Investors 2017 was a year of 'substantial' progress for the company.Gross profit increased by US$2.2m from US$2.7mln to US$4.9mln while underlying earnings (EBITDA) improved by US$2.7m from a deficit of US$1.3mln to a US$1.4mln surplus. Meet Peninsula Mines Ltd, Silver City Minerals Ltd and Emmerson Resources Ltd at our eve...Read More
John Peters, managing director at Strategic Minerals Plc (LON:SML), talks Proactive's Andrew Scott through their work programme to restart operations at the recently acquired Leigh Creek copper mine in South Australia.Peters also adds further detail around the announcement that they've suspended the minimum monthly tonnage requirement of 4,000 tons of magnetite to one of their customers at the Cob...Read More
JAKARTA, April 30 (Reuters) - Indonesia's state-owned tin producer PT Timah said on Monday its refined tin output fell 23 percent in the January- March quarter from a year earlier.Refined tin output fell to 5,361 tonnes in the quarter from 6,963 tonnes in the same period last year, the company said in a statement."The company's declining performance was only temporary and was entirely a result of...Read More
LONDON, April 30 (Reuters) - China's trade in industrial metals looks set for significant upheaval this year as the country adapts to fast-evolving supply chains.The aluminium market is reeling from the devastating one-two of U.S. tariffs and sanctions on Oleg Deripaska's Rusal empire.China, the world's largest aluminium producer, was the main target of those tariffs but might ironically turn out...Read More
Pharmaxis Ltd (ASX:PXS) chief executive Gary Phillips discusses with Proactive Investors the highlights contained within the biotech company's latest Quarterly Shareholder Update."The one thing which really caught everyone's attention was Boehringer Ingelheim starting a second indication with the drug they licensed from us," notes Phillips. That development garnered a $15 million milestone payment...Read More
Directa Plus Plc (LON:DCTA) CEO Giulio Cesareo discusses with Proactive Investors their 2017 results as well as the award of an exclusive contract with an existing customer to develop a range of graphene-enhanced luxury accessories.The value of the exclusivity and the development agreement amounts to approximately ?,?130,000 and is expected to lead to a commercial contract. Meet Peninsula Mi...Read More
A diamond mine in Botswana, owned by now extinct Australian miner Kimberley Diamonds, is going up for sale at an online auction to be held Monday, as its liquidators failed to secure viable offers.The Lerala Mine was opened in 2008 and had to be shut twice due to weak sales, until it finally was placed under judicial management in May last year, leaving 130 people out of work and millions in unpa...Read More
Stocks Analysis by Mark Lundeen covering: XAU/USD, Dow Jones Industrial Average, Newmont Mining Corporation, Gold Futures. Read Mark Lundeen's latest article on Investing.comRead full newsRead More
Commodities Analysis by Steve St. Angelo covering: XAU/USD, Gold Futures. Read Steve St. Angelo's latest article on Investing.comRead full newsRead More
Vancouver, BC - Graphite One Resources Inc. (TSX-V:GPH | OTCQX:GPHOF) ("Graphite One" or the "Company"), announced today that the process of converting the 24 unpatented federal mining claims leased from Kougarok LLC to State of Alaska mining claims is now complete. All resources identified to date within the Company's Graphite Creek flake graphite deposit are now held by the Company by sta...Read More
Barrick Gold (TSX, NYSE:ABX) and NovaGold Resources' (TSX, NYSE-MKT: NG) proposed gold mine in Alaska has received a long-waited final environmental clearance, granted by the U.S. Army Corps of Engineers, the Canadian miners said Monday.The Dolin project, one of the world's largest, highest grade, known gold deposits, is expected to require a $6.7 billion investment from the two owners, which ar...Read More
His water-driven Sluice Goose machine separates gold particles with what he claims is 100% accuracyRead full newsRead More
The U.S. Army Corps of Engineers issued its long-anticipated approval Friday, April 27, on the Final Environmental Impact Statement for the big Donlin Gold Mining Project near the Kuskokwim River.Read full newsRead More
Stocks Analysis by Mark Lundeen covering: XAU/USD, Dow Jones Industrial Average, Newmont Mining Corporation, Gold Futures. Read Mark Lundeen's latest article on Investing.comRead full newsRead More
Gold mining earnings for Q1 remained moderate yet ETFs managed to stay in the green.Read full newsRead More