Новости за 14.01.2020

GOLD Proxy firms recommend Continental shareholders vote for Zijin deal The two independent proxy firms have recommended that shareholders in Continental Gold vote in favour of Chinese gold major Zijin Mining’s acquisition of the company. Zijin is offering C$5.50 a share in cash by way of a statutory plan of arrangement to secure Continental’s flagship Buritica gold project, in Colombia. Institutional Shareholder Services (ISS) and Glass Lewis & Co referred to the strategic rationale for the Zijin transaction... Читать дальше...

Toronto-based Largo Resources reported record quarterly production in the fourth quarter of 2019, which helped the company meet its guidance for the full year. Output was 16% higher year-on-year, at 3 011 t in the fourth quarter, taking full-year output to 10 577 t of vanadium pentoxide – an 8% year-on-year increase.

TSX-V-listed Giyani Metals will start work on the feasibility study for its K.Hill manganese deposit, in Botswana. The announcement follows after Giyani received positive initial feedback from SRK Consulting, Tetra Tech and Royal IHC following a three-day visit to K.Hill in late December.

Aim-listed Anglo Asian Mining is able to pay off its final instalment of its refinancing loan, effectively becoming debt free, after a strong net cash generation of $21.1-million last year. The company managed to increase its net cash from $6.1-million at the start of last year to $21.1-million by December, while paying dividends of $8.7-million and corporate taxes of $7.5-million.

Gold sagged again as the soon-to-be signed Sino-American trade deal, release of decent monthly economic figures from China, and steady easing of tensions in the Middle East all combined to undermine the case for havens just as US equities romped to records. Bullion fell after the US lifted its designation of China as a currency cheat, saying the nation has made “enforceable commitments” not to devalue and has agreed to publish exchange-rate information. That sets the scene for Wednesday’s high-level trade pact signing.

Intermediate gold and silver miner Great Panther is anticipating building on 2019’s strong production growth as it goes into 2020, while continuing to execute on key operational initiatives in Brazil and Mexico, including expanded exploration programmes, interim president and CEO Jeffrey Mason has said. The company on Monday released its fourth quarter and yearly 2019 production results from its Tucano gold mine in Brazil, and two Mexican mining operations, the Topia mine and the Guanajuato mine complex (GMC)... Читать дальше...

Aim-listed battery materials developer Strategic Minerals says underlying sales volumes continued to improve during the December quarter, despite litigation against a major customer. The company on Tuesday reported that sales revenue during the last quarter of 2019 was 12.5% higher compared with the last quarter of 2018, however, sales revenue for the whole year was weaker than comparative years, owing to the adverse impact of Cobre’s major customer’s diminished purchases.

Brazil-focused gold miner and developer Serabi Gold produced 10 223 oz of gold during its fourth quarter, resulting in a total yearly gold production of 40 101 oz for the year. This is a 7% improvement over 2018 and within its guidance. The Aim- and TSX-listed company expects production for 2020 to be between 45 000 oz and 46 000 oz.

Project generator Mirasol Resources has signed an option agreement with subsidiaries of global major Newmont to acquire the Inca gold project, in northern Chile. The agreement will add to Mirasol’s portfolio a district-scale and underexplored, intermediate sulphidation epithermal project.

TSX-listed Iamgold has been granted a mining permit for the Boto gold project, in Senegal. The mining permit is valid for an initial 20-year period and positions the project for a development decision and eventual production.

Nickel miner Panoramic Resources has completed the retail component of its one-for-six entitlement offer, launched in December last year. The miner on Tuesday said that at the retail entitlement offer closed on January 10, raising some A$19-million, at 30c a share, with eligible shareholders taking up 72.4% of the entitlements.

Diamond miner Lucapa’s polishing strategy has achieved its first diamonds from a cutting and polishing partnership. The ASX-listed company on Tuesday reported that a 36 ct rough diamond recovered from the Mothae mine, in Lesotho, was manufactured into six polished D-colour diamonds under a partnership with an international diamantaire.

Mining major BHP on Tuesday announced that director Lindsay Maxstead would not stand for re-election at the company’s annual general meeting. BHP told shareholders that the company applied a nine-year tenure guideline as part of its director succession planning.

Coal miner Stanmore Coal has reported a 23% increase in run-of-mine production in the December quarter, compared with the previous quarter, with production increasing 21% in the year-to-date. Stanmore on Tuesday reported that ROM coal production for the December quarter had reached 864 000 t, up from the 704 000 t produced in the September quarter, and up from the 798 000 t produced in the previous corresponding quarter.

The price of copper, a barometer for the global economy, could jump in 2020 with capital spending for new production down and stockpiles tapped out at a time when US-China trade tensions are easing. The threat of a long trade war limited mining activity and kept manufacturers from adding to their stocks. The result: Inventories at warehouses tracked by the three international exchanges, a last resort for supply, have shrunk by about 37% since July to just shy of 300 000 t as of Friday, equivalent to just 1.2% of global consumption. Meanwhile... Читать дальше...