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David Price steps down from Lionsgold board
Published: 13 Jul 18
London-listed gold exploration, production and retail firm Lionsgold has appointed a new interim chairperson, following the resignation of David Price as nonexecutive chairperson with immediate effect to focus on his CEO role at Aim-listed Rockfire Resources. Corporate lawyer Michael Corcoran, 37, has been appointed nonexecutive director and interim chairperson.
W confirms thick gold intersections at Portugal project
Published: 13 Jul 18
Exploration company W Resources is continuing to get strong gold intersections from the 15-hole drilling campaign at its São Martinho gold project in Portugal, chairperson Michael Masterman reported on Friday, announcing assay results from the first seven holes. Among the results are a 25 m intersection at 0.85 g/t of gold, from 11 m, including 3.35 g/t over 3 m.
Copper heads for fifth weekly loss, aluminium awaits Trump-Putin summit Copper heads for fifth weekly loss, aluminium awaits Trump-Putin summit
Published: 13 Jul 18
Copper headed for a fifth weekly loss on Friday as trade tensions between the United States and China rumbled on, while aluminium hit a three-month low ahead of a summit between US President Donald Trump and Russian President Vladimir Putin. Trump and Putin are due to meet in Helsinki on Monday and aluminium investors are looking for any hint that US sanctions on Rusal, the world’s second-biggest aluminium producer, will be eased or lifted.
SSR Mining reports mixed bag in June quarter
Published: 13 Jul 18
TSX- and New York-listed metals producer SSR Mining Inc has reported a mixed bag from its three operating mines during the three months to June Gold production from the Marigold operation increased by more than 15% during the quarter, to 49 436 oz, compared with the 42 960 oz delivered in the previous quarter.
Hecla mines outperform; Klondex deal to close this month  Hecla mines outperform; Klondex deal to close this month
Published: 13 Jul 18
US-based precious metals miner Hecla has reported a 7% decrease in second-quarter silver production, but it still managed to exceed production expectations, boosting the company’s cash position to its second-highest in six years. Silver production decreased from 2.81-million ounces in the June quarter of 2017 to 2.60-million ounces in the quarter under review, while gold production increased by 14% year-on-year to 60 313 oz. Lead output increased by 25% to 5 522 t and zinc production increased by 10% to 14 299 t.
Perseus sets conservative target for 2019
Published: 13 Jul 18
Dual listed Perseus Mining has set a production target of between 130 000 oz and 150 000 oz for the next six months to December, following a strong June quarter and full year. The miner said on Friday that based on actual operation performances at both its Edikan and Sissingue mines, in Ghana and Cote d’Ivoire respectively, the December half-year production guidance could prove to be conservative.
Dacian raises A$40m in oversubscribed placement
Published: 13 Jul 18
Junior gold miner Dacian Gold has raised A$40-million in an institutional share placement, to accelerate the exploration at its Mt Morgans operation, in Western Australia, and to extinguish a life-of-mine royalty obligation. The ASX-listed miner earlier this week launched the placement, priced at A$2.70 a share, with the aim of raising A$37-million. However, the company said on Friday that the placement had been heavily oversubscribed, and had been supported by a number of new, existing, domestic and international institutional investors.
Rio Tinto autonomous train makes first delivery 280 km away
Published: 13 Jul 18
Mining major Rio Tinto has delivered its first iron-ore delivery by autonomous train from the Tom Price mine, to the port of Cape Lambert, some 280 km away. The autonomous train consisted of three locomotives and carried about 28 000 t of ore. The train was monitored remotely by operators in Rio’s Operations Center, in Perth, more than 1 500 km away.
Resolute secures key permit to turn Bibiani back on Resolute secures key permit to turn Bibiani back on
Published: 13 Jul 18
Gold miner Resolute Mining is expected to make a final investment decision on the Bibiani underground mine, in Ghana, in 2019, the company said on Friday, announcing that it had received an environmental permit authorisation to recommission the mine and processing plant. Resolute said on Friday that the permit is valid for a period of 18 months, and can be renewed by application to the Ghanaian Environmental Protection Agency.
Copper Mountain production up
Published: 13 Jul 18
The Copper Mountain mine, in British Columbia, has delivered a solid performance in the second quarter, with production increasing by 13% year-on-year, the operation’s eponymous owner reported on Thursday. The mine produced 23.1-million pounds of copper equivalent, including 20-million pounds of copper, 6 500 oz of gold and 68 400 oz of silver. The June quarter’s production was in line with first-quarter output.
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