Gemfields update marks a period of transition that should improve production
Gemfields (LON:GEM) said its performance in the three months to December 31 marked a period of transition which should improve production in the medium-term. It is currently in throes of a substantial...
View ArticleGemfields to focus on improving volumes in coming months; posts robust first...
Gemfields (LON:GEM) will focus on improving gemstone production volumes in coming months, the company said, as it unveiled "pleasing" half year results.Efficiency measures continue at its Kagem mine in...
View ArticleGemfields lays foundations for a record year, says JP Morgan Cazenove
Coloured stones specialist Gemfields (LON:GEM) has laid the foundations for a record year, said JP Morgan Cazenove, reacting to the better than expected interim results posted yesterday.Analyst...
View ArticleAfrican Queen to raise $1.98 mln to fund drilling at Noyem gold project
Mineral explorer African Queen Mines (CVE:AQ) said Tuesday it plans to raise $1.98 million through a non-brokered private financing, as the company seeks to fund drilling at its Noyem gold project,...
View ArticleTawana Resources extends Sinoe gold soil anomaly in Liberia, West Africa
Tawana Resources (ASX: TAW) has extended the Northern soil anomaly at the Sinoe Gold Project in Liberia to 9 kilometres following the maiden geological exploration program at the project.Drilling at...
View ArticleFirestone Diamonds to raise £14.7 million in placing following strategic review
Firestone Diamonds (LON:FDI) today announced a proposed placing to raise £14.7 million to further develop its flagship Liqhobong mine in Lesotho.It follows a strategic review of the firm's operations...
View ArticleFirestone Diamonds to raise £14.7 million in placing following strategic...
---Adds broker comment and share price----Firestone Diamonds (LON:FDI) today announced a proposed placing to raise £14.7 million to further develop its flagship Liqhobong mine in Lesotho.It follows a...
View ArticleAfrican Queen Mines closes C$1.7 mln first tranche of non-brokered financing
African Queen Mines (CVE:AQ) said late Friday that it has closed a C$1.7 million first tranche of its previously announced $1.98 million non-brokered private placement financing.Under the terms of the...
View ArticleBotswana Diamonds: Fourie steps down as director; sampling begins in Cameroon
Botswana Diamonds (LON:BOD) said Andre Fourie is stepping down as a director but will continue as a consultant.The company, which raised £1.51 million last month, to help fund ongoing exploration in...
View ArticleGemfields has potential to develop much further, says research house
Coloured gemstones specialist Gemfields (LON:GEM) is generating strong demand from its innovative emerald marketing strategy, says research house Edison. Revenue in the current year to date is US$42.6...
View ArticleDiamondCorp gets validation for planned Lace mine development
DiamondCorp's (LON:DCP) proposed underground development at its Lace mine in South Africa has been validated by an independent consultant.An engineering report for the 47 Level Block Cave scheme (470m...
View ArticleDiamondCorp shares spike after its plans for the Lace diamond mine are endorsed
Shares in DiamondCorp (LON:DCP) spiked almost 10 per cent after an independent assessment endorsed its plans for the Lace diamond mine in South Africa.The engineering report compiled by outside...
View ArticleDiamondCorp's Louden ready to speak to financiers after SRK green light
Paul Loudon, chief executive of DiamondCorp (LON:DCP), is preparing to talk to banks, project financiers and potential rough diamond buyers. It comes after an independent engineering report gave the...
View ArticleBotswana Diamonds confident fundamentals will remain very strong
Botswana Diamonds (LON:BOD) is confident the fundamentals of diamonds will remain very strong as it progresses its exploration in Botswana, Cameroon and Zimbabwe.In a statement accompanying its interim...
View ArticleBotswana Diamonds confident fundamentals will remain very strong - Update
...adds broker comments... Botswana Diamonds (LON:BOD) is confident the fundamentals of diamonds will remain very strong as it progresses its exploration in Botswana, Cameroon and Zimbabwe. In a...
View ArticleStellar Diamonds says JORC confirms Tongo project as high quality and high value
Stellar Diamonds (LON:STEL) said today a first JORC compliant estimate for its Tongo project in Sierra Leone confirmed it as a high value, high growth asset. Karl Smithson, Stellar’s chief executive,...
View ArticleStellar Diamonds soars after Tongo resource wows brokers - Update
Shares in Stellar Diamonds (LON:STEL) soared as brokers hailed the maiden resource estimate for its Tongo project in Sierra Leone as a significant milestone. The Africa- focused diamond group...
View ArticleRough emeralds sparkle at Gemfields' latest auction
Gemfields (LON:GEM) has raised US$26.2 million in the rough emerald auction it held last week in Singapore, the third auction of the current financial year which ends on June 30. In all, the auctions...
View ArticleGemfields price target hiked by JP Morgan Cazenove; retains its overweight...
City heavyweight JP Morgan Cazenove has raised its price target for Gemfields (LON:GEM) following the better-than-expected returns from the company’s recent emerald auction. Repeating its ‘overweight’...
View ArticleAfrican Queen closes second tranche, raises $702,900
African Queen Mines (CVE:AQ) said Friday it closed the second tranche of its previously announced non-brokered private financing, which raised $702,900. The company sold 3.19 million units priced at 22...
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