Centamin PLC (LON:CEY) said it will reduce production guidance for the current year after ground movement forced an area of the Sukari gold mine to be shut down. The movement was in a localised area of waste material in the Sukari open-pit Stage 4 West wall.
Caledonia Mining Corporation PLC (LON:CMCL) has increased its quarterly dividend payment by 18% to 10c per share. This is the third dividend increase since October 2019, the Zimbabwe-focused gold miner said, with the cumulative increase over the past twelve months now 45%.
Bezant Resources PLC (LON:BZT), the copper-gold exploration and development company, said exploration work has started at the Hope Copper-Gold Project, Namibia. This first phase of work by Bezant will focus on exploration licence EPL5796 hosting the Hope and Gorob-Vendome massive sulphide deposits,
Power Metal Resources PLC (LON:POW) will mobilise a technical team to the Haneti nickel project in Tanzania shortly. Preparations are already underway for the maiden drilling programme, which will target potential nickel sulphide and PGM mineralisation.
Eurasia Mining PLC (LON:EUA), which put itself up for sale earlier this year, confirmed in its interim results statement that it is in a strong financial position. The move to raise the ‘for sale’ sign was the culmination of many years of hard work by the team in realising the value in its projects, chairman Christian Schaffalitzky said in a statement.
Anglesey Mining PLC (LON:AYM) told investors that a preliminary economic assessment (PEA) is now underway at the Parys Mountain project, in North Wales. The copper, zinc, lead, gold and silver project is being assessed by contractor Micon International.
Alien Metals Ltd (LON:UFO) is set to acquire 117sq km of acreage adjacent to its Elizabeth Hill silver project in Western Australia. The acquisition comes with historical technical data on precious and base metal prospects identified by previous operators.
Oriole Resources PLC (LON:ORR) told investors that drilling at the Hesdaba gold project, in Djibouti, has unearthed significant grades. Highlights included 16 metres at a grade of 3.84 grams per tonne gold.
Ferro-Alloy Resources Ltd (LON:FAR) grew production strongly in the first half of 2020 and it has stepped up another level in the second half. Some 98 tonnes of vanadium pentoxide were unearthed in the first six months of the year by the Southern Kazakhstan miner, up 38% on the same period a year ago.
Ariana Resources PLC (LON:AAU), the Turkey-focused gold miner, repeated it is on track to meet its production target of 18,000oz this year. Profits for the six months ended 30 June 2020 were little changed at £2.23mln (£2.3mln) with higher gold prices compensating for lower grades at the Kiziltepe mine.
Bacanora Lithium PLC (LON:BCN) has agreed the sale of its 50% shareholding in the Zinnwald lithium project in Germany to Erris Resources PLC (LON:ERIS). The deal is classified as reverse takeover and following completion Bacanora will end up with a 70% stake in Erris.
Bushveld Minerals Ltd (LON:BMN) generated revenue of US$43.1mln from its South African vanadium operations during the first half of 2020, down from the US$78mln generated in the corresponding period a year ago, as lower vanadium prices and lost production due to the coronavirus crisis took their toll.
Metal Tiger PLC (LON:MTR) delivered a loss before taxation of £3.4mln in the six months to June 2020. During the period the company’s net assets dipped to £23mln from £26mln in the corresponding period a year ago.
Amur Minerals Corporation (LON:AMC) continues to push the Kun Manie mine project closer to ‘bankable’ status with the key Russian TEO report now said to be “very nearly complete”. Technical studies produced for the TEO – the Russian equivalent of a feasibility study – will feed directly into the next step, the mine’s bankable feasibility study (BFS).
Trident Royalties (LON:TRR) generated revenue of just under US$949,000 during the six months to June 2020, as its newly established royalty portfolio started paying out. Since listing on Aim in March, Trident has announced five transactions comprising a total of eight royalties.
NQ Minerals PLC (AQSE:NQMI)(OTCQB:NQMLF)(OTCQB:NQMIY) generated sales of £15.6mln during the six months to June 2020. Pre-tax losses amounted to £18mln, after £14mln in financing costs were added to selling and distribution expenses and administrative costs.
W Resources PLC (LON:WRES) said although the coronavirus pandemic has had an effect, production is building at its La Parilla mine as it starts to reap the benefits of operational improvements.
Critical Metals Plc (LON:CRTM) has listed on the standard segment of the London Stock Exchange. Critical Metals intends to make equity investments into operators or near term production operators within the natural resources development and production sector in the continent of Africa.
BlueRock Diamonds PLC (LON:BRD), the South Africa-based diamond miner, expects to commission its new processing plant by the end of 2020 and ramp up production subsequently to one million tonnes a year.