Frank Giustra-backed Fiore Gold (TSXV: F) announced today that its Pan Mine, located in east-central Nevada, registered a 130 per cent production growth in Q2 2018, compared to the previous quarter.The Carlin-style, open-pit, heap-leach operation generated 8,695 ounces of gold during the second fiscal quarter that ended on March 31, 2018, which allowed the company to sell 8,673 ounces of the yello...Read More
FTSE 100 closes up 11 pointsUS stocks slide, led by AppleShire rejects ?44bn bid from Takeda; shares surge FTSE 100 closed higher Thursday, with Irish-based drugs group Shire (LON:SHP) the top gainer, but gains were tempered by the general investor malaise.The UK blue-chip benchmark closed over 11 points at 7,328, while FTSE 250 finished up 135 points at 20,147.Brent crude was also high...Read More
Cranbrook-based Eagle Plains Resources (TSX-V: EPL) announced today that it has acquired, by staking, the 711-hectare Slocan Graphite Project, located 32 kilometres northeast of Nelson, British Columbia.According to the company, the property hosts several large flake graphite-bearing outcrops and float occurrences known as the Tedesco Zone. Results from carbon graphite analyses ranged in grade fro...Read More
Summit Therapeutics PLC's (LON:SUMM, NASDAQ:SMMT) Richard Pye tells Proactive Investors 2017 was a 'landmark' year for them however a number of critical milestones lie ahead of them.Top-line results for ezutromid, a potential breakthrough treatment for sufferers of Duchenne Muscular Dystrophy (DMD), a fatal wasting disease that affects boys are expected to be released in Q3.The read-out from the P...Read More
Morning Market Breakdown, April 19: After a Wednesday full of gains for the TSX, it struggled alongside Wall Street to stay in the green on Thursday.Read full newsRead More
Bolivia's energy minister said on Thursday the government would pick a partner to develop the country's ample lithium resource "in coming days" after narrowing the field of candidates to two firms from Russia and Germany.The South American nation hopes to sign a deal with a foreign partner after a decade of state-led development left output far short of goals for the metal, coveted by makers of ba...Read More
Asiamet Resources Ltd (LON:ARS) CEO Peter Bird caught up with Proactive's Andrew Scott while in London to meet with investors.The company remains on track to complete its bankable feasibility study at the BKM copper project by mid-year and to further develop the BKZ Polymetallic project - with a resource estimate expected in the coming weeks. Meet Peninsula Mines Ltd and Silver City Minerals...Read More
Group Eleven's (CVE:ZNG) Bart Jaworski explains Stone Park has 1.3bln pounds of zinc/lead, making it the second largest undeveloped deposit in Ireland.Stone Park though has a 30% higher average grade and is a shallower deposit than the nearby and larger Pallasgreen, the largest deposit in Ireland.The plan now is to grow Stonepark's resources laterally and at depth through drilling and by looking u...Read More
MyCelx Technologies Corporation (LON:MYX) shares rose on Thursday as the clean water technology group announced a new purchase order in Saudi Arabia and the sale of equipment in Australia.The new purchase order is for a three-month extension for the rapid response unit that was placed in February 2018 and was secured in collaboration with one of the company's Saudi waste management partners.As for...Read More
Softcat PLC's (LON:SCT) CFO Graham Charlton tells Proactive business is booming for the IT equipment supplier.Unashamedly a middleman, Softcat supplies everything small and large organisations need IT-wise and posted sales growth in 22% in the year just ended.Growth should continue says Charlton as heavy investment in sales and technical staff will pay off in the long term.The next big...Read More
Matthew Idiens, Chief executive of Rose Petroleum PLC (LON:ROSE), tells Proactive's Andrew Scott activity continues apace on the ground in Utah's Paradox basin and they're expecting to drill the first well in the project later this year.It comes after Rose increased its footprint in the Paradox basin, and as it continues to earn into a 75% stake in an 80,000 acre area.Idiens says they've assembled...Read More
Alastair Riddell, chairman of Feedback plc (LON:FDBK), tells Proactive's Andrew Scott they've merged two of their subsidiaries as part of plans to restructure and simplify the business.Feedback snapped up Cambridge Computed Imaging and TexRAD back in 2014 and both have been operating as wholly-owned subsidiaries ever since.But after a strategic review, CCI is to be renamed as Feedback Medical and...Read More
"BHP graphic showing the #nickel market is in structural deficit from 2016 to 2025 (and likely beyond). Hugely positive implications for spot price for the next several years. https://t.co/QItPdvCpf9"Read full newsRead More
Mr. Jean Martineau reports DYNACOR PRODUCES 6,876 OZ OF GOLD IN MARCH 2018Dynacor Gold Mines Inc. has released its March, 2018, gold production. In March, 2018, the corporation produced 6,876 ounces of gold at its Veta Dorada plant resulting in its best monthly production since the beginning of this year. For the first quarter of 2018, gold production amounted to 19,072 ounces, slightly over mana...Read More
Fortune Minerals Limited (TSX:FT, OTCQX:FTMDF) ('Fortune' or the 'Company') (www.fortuneminerals.com) is pleased to provide an update of the financing for its 100% owned NICO Cobalt-Gold-Bismuth-Copper Project in Canada ('NICO Project').Read full newsRead More
Great Bear Resources (TSXV:GBR) (the 'Company' or 'Great Bear') today announced expansion of its ongoing 3,000 metre drill program in the Red Lake district, Ontario to 10,000 metres.Read full newsRead More
Mr. Nigel Lees reportsCLAVOS APRIL MILL RUN UPDATESage Gold Inc. has completed its latest bulk sample mill run. The custom mill processed 6,252 dry tonnes of mineralized material yielding approximately 513 ounces of gold.The mineralized material in the April mill run was sourced from the 150 West, 150 East, 175 East and 200-metre levels.More specifically, the milled material comprised Clavos broke...Read More
(Bloomberg) - Months into the Korean War, President Harry Truman capped wages and imposed price controls on the steel industry, seizing authority under a newly passed law to take action in the name of national defense.Now, more than a half century later, Trump administration officials are considering using the same statute to keep struggling coal and nuclear power plants online, according to four...Read More
LONDON, April 18 (Reuters) - The shocks from the imposition of U.S. sanctions on Oleg Deripaska and his UC Rusal aluminium empire are still rolling through the market.After Rio Tinto last week flagged it was declaring force majeure on some raw material contracts, it warned today of potential "adjustments" to its aluminium guidance this year due to the sanctions.Some of Japan's major trading houses...Read More
Canada's Copper Mountain Mining (TSX:CMMC) has completed the acquisition of Australian junior Altona Mining (ASX:AOH) for A$93 million, or about $72 million at today's rates.As part of the deal, each Altona share will be exchanged for 0.0974 Copper Mountain shares, which equates to a 41.7% premium based on closing prices at the time of both companies first agreed on the deal, in November.The m...Read More