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West Africa-focused Perseus Mining has shrugged off limitations caused by a faulty primary crusher at its Edikan gold project in Ghana, posting quarterly gold production above the expected 57,200oz, investment bank Canaccord Genuity reports.
The company completed major repairs on the crusher in February including a new shaft and mantle and has since experienced higher than expected crushing and milling activities. 

Peruvian-focused Promesa is set to kick off exploration at its 28,500ha Alumbre project in the copper and gold rich Western Cordillera region in Peru as part of a wider $A1.4M drilling program, research house RM Research said.
The exploration works are part of a proposed 5,600m drilling campaign that is scheduled to start mid year pending the approval of an environmental and social study.

Silver-focused Black Mountain Resources’ plan to commence production at two silver projects in the US has the potential to generate strong cash flow in the next few years, UK stockbroker Westhouse said.
The dual listed company intends to bring New Departure in Montana and Conjecture in Idaho into production in the second and third quarters.
The underground development at New Departure is in full swing while its projected production levels have been lifted from 100tpd to 200-250tpd.

Pan-African miner Mwana Africa, which recently dispatched first concentrate from its Bindura Nickel Corporation’s refurbished Trojan nickel mine in Zimbabwe, is turning its attention to increasing throughput and recoveries to help ramp up output to 7,000tpa, investment research firm Edison said.

Africa-focused company DiamondCorp’s development for the block cave expansion at its Lace diamond mine in South Africa’s Free State is progressing with first revenues tipped for the second half of 2014, broker SP Angel said.
The London-based company started excavation works on the project in February as well as work on a 66,000 bank cubic metre boxcut which will be the entrance to the 1.2Mtpa 47-level block cave operation.

Gold Road Resources has received a boost after increasing resources at its Central Bore project, part of its 100% owned Yamarna gold project in Western Australia, with UK-based investment firm Edison upgrading its price target for the company.
In its second upgrade since establishing a maiden resource in 2011, the company posted a resource of 813,900t at 7.7g/t for 201,100oz of contained gold, an increase of 32%.

Australian junior Jameson Resources’ preliminary economic assessment works at its 90Mt Crown Mountain coking coal project in British Columbia, Canada is expected to support the site’s proposed mine, investment bank Canaccord Genuity said.
The company commenced PEA works at the project, following the completion of a positive scoping study, with a focus on establishing a surface mine producing a base case of 1Mtpa coal over an initial 10 year mine life.

Copper and gold explorer Horseshoe Metals, which recently posted a maiden 10,600t copper resource at its Rinaldi prospect within the Kumarina project in Western Australia, could significantly increase the project’s resource base by exploring additional targets, equity research firm Breakaway Research said. 
Quantification of Rinaldi has boosted the Australian-based company’s global copper resource to 101,600t, which is nearing critical mass for potential development.

Australian junior Cleveland Mining has progressed expansion plans at its Premier gold project in Brazil by kicking off its multi-targeted drilling program in order to increase the project’s resource base, broker DJ Carmichael said.
The move comes after the company raised $A7M via a $5.5M placement and a $1.5M share purchase plan which also provides funds for exploration works at its Mara Rosa project north of Premier.

Uranium developer Bannerman Resources’ 500Mt Etango uranium deposit in Namibia is ready for construction and could begin production in as little as 2.5 years, Australian corporate advisor Hartleys said.
The Australian-based company holds an 80% stake in the project and in 2012 completed a definitive feasibility study and identified reserves of 280Mt at 194ppm for 119Mlb.
It also determined a 20Mtpa heap leach operation with a 16-year mine life and cash costs of $US45.70/lb.

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