African Queen Mines finds visible gold, several drill targets
African Queen Mines Ltd. (CVE:AQ) said Thursday it has identified many drill targets and encountered visible gold near surface at its Kenyan Ugunja gold project.The Phase 1b exploration program also...
View ArticleGemfields chief gives confident assessment of prospects
Gemfields (LON:GEM) chief executive Ian Harebottle said this morning that the decision to focus primarily on mine development and waste mining during the past year was “well justified”. His comments...
View ArticleRimfire Pacific Mining in pre open pending share placement details
Rimfire Pacific Mining (ASX: RIM) has been granted a trading halt this afternoon pending the release of details on a placement, with the company's shares placed in pre-open.Rimfire Pacific has not yet...
View ArticleGemfields has headroom to rise further, says Edison
Edison Investment Research today restated its 43 pence a share price target for Gemfields (LON:GEM) in response to last week’s solid production update. The stock closed at 33.42 pence, down almost 6...
View ArticleRichland Resources makes headway with strong quarterly performance
Gemstone group Richland Resources (LON:RLD) said its efforts were partly undermined by illegal underground activity nearby, though it was still able to report a strong second quarter performance....
View ArticleGemfields beefs up management team to handle growth
Emerald and coloured gem specialist Gemfields (LON:GEM) has beefed up its management team with the promotion of Devidas Shetty to chief operating officer and a new finance head joining. Shetty has...
View ArticleDiamondCorp finalises terms for US$26.7 million loan from South Africa’s...
DiamondCorp (LON:DCP) said this morning South Africa’s Industrial Development Corporation has agreed to lend it U$26.7 million. The funds will be used to develop a 1.2 million tonne a year block cave...
View ArticleDiamondCorp shares surge on financing news
Shares in DiamondCorp (LON:DCP) spike more than 24 per cent in early trade after the group struck a financing deal that will meet more than three-quarters of the costs of its Lace mine in South Africa....
View ArticleDiamondCorp looks forward to starting underground development at Lace
DiamondCorp (LON:DCP) is looking forward to beginning underground development at its Lace mine in South Africa, it said, reporting half year results. Having secured the majority of the project...
View ArticleJPMorgan sees significant long-term potential at Gemfields' Kagem mine
Broker JPMorgan Cazenove said it sees significant long-term potential at Gemfields’ (LON:GEM) Kagem emerald mine in Zambia. This comes after the company unveiled an updated JORC resource statement...
View ArticleGemfields sees many more opportunities as profits soar
Coloured gemstone specialist Gemfields (LON:GEM) more than doubled underlying profits last year as sales of emeralds at its quarterly auctions hit record levels. Profits before exceptional items rose...
View ArticleGemfields poised to accelerate earnings growth says JP Morgan
After a successful last twelve months, coloured gemstones specialist Gemfields (LON:GEM) is poised to accelerate earnings growth while de-risking itself through diversification says JP Morgan....
View ArticleRichland Resources gets temporary permission to export, shares resume trading
Tanzanite producer Richland Resources (LON:RLD) can export from Tanzania again after the Ministry of Mines temporarily lifted its recently imposed ban. Richland said the granting of interim...
View ArticleAtlas South Sea Pearl pounces on Essential Oils of Tasmania
Atlas South Sea Pearl (ASX: ATP) has moved to acquire Essential Oils of Tasmania which has the company plans will accelerate the export growth of Atlas perfumes and commercialisation of pearl...
View ArticleDiamondcorp unveils further funding plans
DiamondCorp (LON:DCP) today revealed further plans to help fund the development of the Lace mine. It is raising £1 million gross from a share placing, issuing 28.5 mln new shares at 3p each, and it...
View ArticleDiamondcorp: Fundraising for continued Lace development is positive, say...
---ADDS COMMENTS FROM FAIRFAX, OCEAN AND NORTHLAND--- DiamondCorp (LON:DCP) today revealed further plans to help fund the development of the Lace mine in South Africa. It is raising £1 million gross...
View ArticleDiamondCorp's Lace project backed by robust economics says broker
WH Ireland has slapped a 12p price target on diamond group DiamondCorp (LON:DCP) adding its Lace mine has the potential to produce 0.5 mln carats annually. Lace, in South Africa, was owned by De Beers...
View ArticleAfrican Queen Mines finds four new targets at Ugunja project
African Queen Mines (CVE:AQ) has found four new targets from continuing field work in its phase 1b exploration program at the Ugunja gold project in Kenya. "We are delighted that preliminary...
View ArticleRimfire Pacific Mining records highest silver hits at Sorpresa
Rimfire Pacific Mining (ASX: RIM) has produced its highest grade intersection to date at the Sorpresa Project in New South Wales, unleashing grades of up to 943 grams per tonne (g/t) silver.At the...
View ArticleRichland Resources concerned about situation in Tanzania
Tanzanite producer Richland Resources (LON:RLD) said today it needed help to help tackle a growing problem of illegal mining in Tanzania. Because of the aggressive nature of the illegal miners, it said...
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