Africa

Problems at Ambatovy hurt Sherritt's Q2 earnings

Source: Daily News | 2014-07-31
Sherritt International (TSX: S; US-OTC: SHERF) reported a net loss of $30.1 million in the second quarter, largely due to its Ambatovy joint-venture nickel-cobalt project in Madagascar, where it reduced the project’s annual...

Endeavour Mining bounces back in 2014 

Source: Print Archives | 2014-07-23
VANCOUVER — After posting a big-time loss in 2013, West Africa-focused gold producer Endeavour Mining (TSX: EDV; US-OTC: EDVMF) pledged for a comeback, and based on the company’s performance over the first half of...

Asanko Gold approves Phase 1 construction in Ghana

Source: Daily News | 2014-07-17
The board of directors at Asanko Gold (TSX: AKG; NYSE: AKG) has given management the green light to build the first phase of the Asanko gold mine in Ghana at a price-tag of about US$295 million and expects to break ground within the next month.

US stocks drop, July 7-11 

Source: Print Archives | 2014-07-16
The S&P 500 Index dropped 18 points to 1,967.57, marking its worst week since April, as European economic uncertainty continued. The Dow Jones Industrial Average fell 124 points to 16,943.81, while the Nasdaq Composite Index gave back 70...

Merrex Gold and Iamgold report 'game-changing' discovery at Siribaya 

Source: Print Archives | 2014-07-16
What was until recently characterized as “a strong gold geochemical anomaly” at the Siribaya gold project in Mali is now “a significant new gold discovery with multiple zones of gold mineralization,” according to...

Campbell pilots Rockwell to new riches on Orange River 

Source: Print Archives | 2014-07-16
When James Campbell completed his honours degree in mining and exploration geology in 1985 from the Royal School of Mines at Imperial College London, he had three job offers waiting for him: working on an oil rig in the North Sea, at a gold...

Kaizen Discovery to meet Japanese demand for metals 

Source: Print Archives | 2014-07-09
After first listing in December, it’s no surprise that junior Kaizen Discovery (TSXV: KZD; US-OTC: CCNCF) has started out with a strong sense of purpose. After all, Kaizen means “continuous improvement” in Japanese.

Banro challenger backs off from proxy battle 

Source: Print Archives | 2014-07-02
After waging a weeks-long campaign against the board of Banro (TSX: BAA; NYSE-MKT: BAA), Liberty Street Capital backed off its bid for control of the gold miner just two days before Banro’s annual general meeting.

Roxgold secures debt to finance Yaramoko 

Source: Print Archives | 2014-07-02
Since opening its data room and inviting term sheets and proposals from lenders in April, Roxgold (TSXV: ROG; US-OTC: ROGFF) has nailed down a US$75-million senior project debt facility from Société Générale and...

Drills probe new mill feed for Perseus in Ghana 

Source: Print Archives | 2014-07-02
VANCOUVER — Golden drill results from a satellite zone that could provide higher-grade feed for the Edikan gold mine in Ghana have given owner Perseus Mining (TSX: PRU; ASX: PRU; US-OTC: PMNXF) a nice share-price boost.

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