Africa

Drilling prices 'not sustainable': Major Drilling 

Source: Print Archives | 2014-09-17
Prices for drilling services have reached levels that are too low to be viable in the long term, said Francis McGuire, president and CEO of Major Drilling Group International (TSX: MDI), in the company’s most recent financial statements...

Juniors optimistic at the Precious Metals Summit  

Source: Print Archives | 2014-09-17
BEAVER CREEK, COLORADO — The fourth annual Precious Metals Summit, held at an exclusive ski resort in Beaver Creek, Colo., kicked off on Sept. 10, with more than 100 select juniors presenting over two days.

Open letter: Reversing Ebola outbreak requires 'co-ordinated global effort' 

Source: Print Archives | 2014-09-10
We are a group of 11 companies operating in West Africa. We are understandably concerned about the impact of the Ebola virus on affected countries’ economies and the well-being of their people, which is being compounded by subsequent...

All systems go for Roxgold's Yaramoko mine 

Source: Print Archives | 2014-08-27
It took just three months for authorities in Burkina Faso to approve the environmental and social impact assessment Roxgold (TSX: ROG; US-OTC: ROG) submitted for its Yaramoko gold project in the country’s Houndé greenstone belt,...

US stocks advance, Aug. 18-22  

Source: Print Archives | 2014-08-27
U.S. equities had a strong run during the Aug. 18–22 week. The Dow Jones Industrial Average jumped 338 points to 17,001.22. The S&P 500 Index rose 33 points to 1,988.40, while the tech-heavy Nasdaq Composite Index climbed 74 points to...

Banro finds 'relief' in new financing plan  

Source: Print Archives | 2014-08-27
Banro (TSX: BAA; NYSE-MKT: BAA) has crafted a large financing plan to improve its liquidity and ability to bring Namoya, its second gold mine in the Democratic Republic of the Congo (DRC), to full production. The plan includes a US$35.5...

BHP plans spinoff to focus on 'four pillars' 

Source: Print Archives | 2014-08-20
With a spinoff of its aluminum, manganese, nickel, silver and some of its non-core coal assets, BHP Billiton (LSE: BLT; ASX: BHP; NYSE: BHP) is  driving to simplify its portfolio.

Semafo benefits from high-grade pits at Mana 

Source: Print Archives | 2014-08-20
VANCOUVER — When West Africa-focused Semafo (TSX: SMF; US-OTC: SEMFF) relocated most of the mining fleet to new mining ares at its flagship Mana gold mine, the company knew it would have to weather a less-productive transition...

US stocks climb, Aug. 11-15  

Source: Print Archives | 2014-08-20
It was a good week for U.S. equities. The Dow Jones Industrial Average advanced 109 points to 16,662.91, while the broader S&P 500 Index jumped 23 points to 1,955.06. The tech-heavy Nasdaq Composite Index added 94 points to 4,464.93.

True Gold's Karma gold mine fully funded to production  

Source: Print Archives | 2014-08-20
Over the last year True Gold Mining (TSXV: TGM; US-OTC: RVREF) has reviewed and negotiated more than a dozen term sheets from traditional and alternative funding sources for its Karma gold project in Burkina Faso.

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