Mining
Hummingbird Highlights Mali Mine Achievements and Guinea Operational Issues
August 12, 2024 08:09 AM BST| By Team Kalkine MediaHummingbird Resources (LSE: HUM) has expanded its footprint as a multi-asset, multi-jurisdiction gold producer by the end of the year to December 31.,Yanfolila Mine Performance,The Yanfolila mine met its production targets, producing 83,965 ounces of...
Hochschild Mining: A Closer Look at a Prominent Gold Miner
August 12, 2024 08:03 AM BST| By Team Kalkine MediaGiven the current fragility of the global economy, careful consideration is essential when selecting individual UK shares. Recent market conditions reflect heightened investor anxiety, as evidenced by the VIX, or 'fear index', reaching levels not see...
Future Metal Announces Change in Leadership Amid Strategic Focus on Financial Prudence
August 09, 2024 11:46 AM BST| By Team Kalkine MediaFuture Metals NL (LSE:FME),has announced a significant change in its leadership structure as part of its ongoing strategy to manage finances carefully during a period of low platinum group metals (PGM) prices. The Company's Executive Chair, Mr. Patri...
Hummingbird Resources downgrades production guidance for full year. Here’s why
August 09, 2024 11:42 AM BST| By Team Kalkine MediaHummingbird Resources (LSE:HUM) has released its operational and trading update for the second quarter ending 30 June 2024. The report highlights the company's gold production, corporate developments, and financial performance, providing insight into...
Vinanz Expands Bitcoin Mining Fleet in Iowa
August 09, 2024 11:41 AM BST| By Team Kalkine MediaVinanz Limited (AQSE: BTC) listed on the US OTCQB and the AQSE in London, has expanded its Bitcoin mining operations in Iowa. Since initiating its presence in the state in June with the installation of 20 Bitmain Antminer S19J Pro+ 120 Terahash (TH)...
Freeport-McMoRan Stock Appears Undervalued Amid Copper Price Decline
August 09, 2024 08:06 AM BST| By Team Kalkine MediaCopper prices have fallen back below $400 per tonne, nearing levels seen at the beginning of January. This recent decline effectively erases the gains made by copper throughout 2024.,Contributing Factors to the Decline,Several factors have influenced...
Glencore's Decision to Retain Coal Assets Draws Mixed Reactions
August 08, 2024 12:01 PM BST| By Team Kalkine MediaGlencore PLC, a major player in the,metal and mining sector,, has decided to retain its coal assets, a move that has generated varied responses from industry observers. Broker Panmure Liberum noted that the decision was anticipated, given the company...
Premier African Minerals Issues New Shares to Settle Debt with China Zenith Capital
August 08, 2024 11:08 AM BST| By Team Kalkine MediaPremier African Minerals Limited (LSE:PREM) has today announced the issuance of 2,000,000,000 new ordinary shares, conditional on admission, to China Zenith Capital Ltd ("Zenith") as part of a debt settlement arrangement. These shares will be held on...
Jubilee Enhances Copper Processing Capabilities with Roan Upgrade Commencement in Zambia
August 08, 2024 09:14 AM BST| By Team Kalkine MediaJubilee (LSE:JLP), a diversified metals producer with operations in South Africa and Zambia, has announced the commencement of operations at its Roan Upgrade project in Zambia. The new front-end section of the Roan operation, which has now started fu...
Adriatic Metals CEO Paul Cronin Resigns; Laura Tyler Named Interim Chief
August 08, 2024 12:00 AM BST| By Team Kalkine MediaAdriatic Metals PLC, a company in the,metal and mining sector,, has announced that Chief Executive Officer Paul Cronin will step down at the end of the week. Cronin is resigning to relocate to Australia for family reasons.,Non-executive director Laur...
MetalNRG Secures Funding for Reverse Takeover Projects
August 08, 2024 12:00 AM BST| By Team Kalkine MediaMetalNRG PLC, a,metal and mining sector,firm has announced a successful capital raise of £244,000 through the issuance of convertible loan notes (CLNs). The funds raised will be directed towards operational and legal due diligence on projects that ha...
Glencore Abandons Coal Spin-Off Plan as ESG Craze Fizzles
August 07, 2024 05:04 PM BST| By Team Kalkine MediaGlencore (LSE:GLEN) saw a 3.17% increase in its share price after deciding to abandon its plan to spin off its coal business, following strong shareholder resistance. The decision reflects a broader shift in the finance world, where the enthusiasm fo...
Adriatic Metals Announces Leadership Changes as Company Advances Production
August 07, 2024 12:49 PM BST| By Team Kalkine MediaAdriatic Metals plc,(LSE:ADT1) has announced key leadership changes as it transitions through its ramp-up phase and into steady-state production. These changes are aimed at strengthening the company's leadership team to support its ongoing growth and...
Exploring the Reasons Behind Atalaya Mining Plc's Elevated P/E Ratio
August 07, 2024 12:00 AM BST| By Team Kalkine MediaAtalaya Mining Plc, operating in the,Mining sector,, currently displays a price-to-earnings (P/E) ratio of 18.8x. This valuation is relatively high, especially when compared to the broader market, where nearly half of the companies report P/E ratios...
ECR Minerals Plans Diamond Drilling Programme at Tambo
August 06, 2024 12:35 PM BST| By Team Kalkine MediaECR Minerals PLC (LON: ECR) has provided an update on its exploration activities at the Tambo project in Victoria, Australia. The company has announced plans to undertake a diamond drilling programme in the fourth quarter of 2024, following a series...
Helium One Shares Promising Update on Itumbula West-1 Operations
August 06, 2024 10:15 AM BST| By Team Kalkine MediaHelium One Global (AIM:HE1), the leading helium explorer in Tanzania, is pleased to announce significant progress in its operations at the Itumbula West-1 (ITW-1) well. The company has successfully re-entered and deepened the ITW-1 well by an additio...
Firering Strategic Minerals Secures Revenue-Boosting Logistics Agreement for Limeco
August 05, 2024 12:17 PM BST| By Team Kalkine MediaFirering Strategic Minerals PLC,(LSE: FRG),on Monday reported that its investee, Limeco Resources Ltd, will generate positive cashflow following the signing of a new services agreement. Firering holds a 21% stake in Limeco, with an option to increase...
NewRiver REIT Delivers Stable Start and Expands Portfolio
August 05, 2024 12:11 PM BST| By Team Kalkine MediaNewRiver REIT PLC (LSE: NRR) on Monday reported a stable performance for its financial first quarter, which ended on June 30, as the company continues its efforts to expand its portfolio of assets. The London-based real estate investment trust, which...
Firering Secures Key Agreement for Logistics Services at Limeco Project
August 05, 2024 09:30 AM BST| By Team Kalkine MediaFirering Strategic Minerals plc (LON:FRG), a development company dedicated to critical minerals, has announced the signing of an agreement with a multinational commodity trading company. This agreement will create a new logistics services revenue str...
Versarien Provides Update on Korean Plant Sale to MCK Tech
August 02, 2024 05:07 PM BST| By Team Kalkine MediaVersarien plc (AIM:VRS), an advanced materials engineering group, has issued an update regarding the sale of its Korean plant and equipment to MCK Tech Co. Ltd (MCK Tech). The transaction, originally valued at £604,000, has seen the first payment of...