Mining
Eurasia Mining Shares Rally on Potential Asset Sale News
May 13, 2021 03:58 PM BST| By AbhijeetSummary Eurasia Mining shares moved up by 12 per cent today, reacting to an announcement of a potential asset sale to a credible party. In case the deal is through, it would allow the gold and metals miner to pay a significant dividend to all i.....
3 FTSE 100 Metals and Mining Stocks to Watch Amid Surge in Metal Prices
May 12, 2021 02:00 PM BST| By Suhita PoddarSummary There has been increasing optimism of rebound in the global economy, which would consequently reflect in the surge of demand in commodity prices Industrial metals major Antofagasta announced its plans to be carbon neutral and reduce its.....
Did higher copper price improve the profitability of Taseko Mines Limited during Q1 FY21?
May 06, 2021 05:31 PM BST| By Team Kalkine MediaSummary TKO had reported total copper production of around 22 million pounds during Q1 FY21. The Molybdenum production also remained lower at 530 thousand pounds during Q1 FY21. TKO had a cash balance of USD 197.0 million as of 31 March 2021. .....
What is the recent progress made by European Metals Holdings for the Cinovec Project?
April 30, 2021 05:24 PM BST| By Team Kalkine MediaSummary EMH had reported service revenue of USD 551,480 during H1 FY21 ended on 31 December 2020. The Company had completed drilling of twelve holes, with six holes already delivered encouraging results. Lincoln Palmer Bloomfield was appointed.....
What are the recent business developments unveiled by Centamin during Q1 FY21?
April 22, 2021 05:40 PM BST| By Team Kalkine MediaSummary Centamin PLC had shown revenue growth of around 26% during Q1 FY21 as compared to Q4 FY20. The Group had generated a free cash flow of USD 9.4 million during Q1 FY21. CEY had net cash and liquid assets of USD 330.7 million as of 31 Mar.....
4 AIM-Listed Mining Stocks and Their Capital Structure Changes
April 21, 2021 02:54 PM BST| By Suhita PoddarSummary Landore Resources Ltd. announced share warrant exercise option and its discovery of noteworthy bonanza grade gold in Canada. Savannah Resources PLC and Galantas Gold Corp will raise capital for production and commercial capacity upgrade.....
Did production of Petropavlovsk fall during Q1 FY21?
April 20, 2021 05:52 PM BST| By Team Kalkine MediaSummary Petropavlovsk PLC had shown a decline of around 49% in the total gold production for Q1 FY21 from the comparative period of the prior year. The Company had anticipated total gold production ranging from 430 koz (kilo ounces) to 470 koz .....
In Focus: 3 Mining Stocks -- Adriatic Metals, Shanta Gold and Kavango Resources
April 20, 2021 02:59 PM BST| By Suhita PoddarSummary Adriatic tweaked its Rupice underground mine plan this week to estimate a 26 percent increase in silver equivalent metal production. Kavangi Resources has partnered with Spectral Geophysics Ltd. Shanta Gold has completed 3,590 metres o.....
A Metal & Mining Stock to Look at Amid Economic Recovery
April 09, 2021 11:32 AM BST| By Suhita PoddarSource: Jason Benz Bennee, Shutterstock With the discovery of the Covid-19 vaccine, the world has finally found a way to end the vicious circle of the awful virus. The global stock markets are on the path to recovery after witnessing a terrible 2020...
Did higher gold prices improve the profitability of Centamin during FY20?
March 22, 2021 03:37 PM GMT| By Team Kalkine MediaSource: Junjira Limcharoen, Shutterstock Summary Centamin PLC had registered a robust growth of 27% in revenue to USD 828.74 million during FY20. CEY had shown an 82% jump in Profit before tax during FY20. CEY will pay a final dividend of 3.0...
Will Simon Thompson’s Resignation from Rio Tinto’s Board Help It Rebuild Its Image?
March 03, 2021 11:11 AM GMT| By Suhita PoddarSource: Inc, Shutterstock Summary Simon Thompson, Chairman of Rio Tinto Plc, has decided to step down from the board. Thompson said he was accountable for the company’s call to destroy Australian indigenous sites in a bid to expand iron...
2 industrial metals & mining stocks that declared big dividends for 2020
March 01, 2021 01:25 PM GMT| By Team Kalkine MediaSource: Parilov, Shutterstock Summary Anglo American Plc announced 53% jump in dividend per share at US $0.72 for 2020. Evraz Plc announced interim dividend payout of US $437.1 million. Ahead&nbs...
Which Are the Best Mining Stocks to Invest In 2021?
February 19, 2021 02:49 PM GMT| By Kunal SawhneySummary Mining stocks have delivered decent returns as they leveraged upon rising commodity prices, remained unfazed by Covid-19 disruption. Most countries might implement expansion plans on their path to recovery. This consequently would provi.....
Glencore Hits 52-Week High as Company Restarts Dividend Payment
February 16, 2021 03:18 PM GMT| By Kunal SawhneySummary Shares of Glencore Plc surged a little more than 4 per cent on Tuesday after the company declared to restart dividend. Barring today’s gain, the stock of Glencore has already advanced over 14 per cent in the present month so far. .....
Why UK’s local county council is reconsidering its coal mine permission
February 11, 2021 09:03 AM GMT| By Team Kalkine MediaSummary The West Cumbria County Council said it will be reconsidering approving a new coal mine, which was set to be the first UK coal mine in 30 years. The local authority has taken this decision based on the governmen.....
De Beers reports its strongest diamond sale in three years
February 04, 2021 08:52 AM GMT| By Team Kalkine MediaSummary De Beers has highlighted an increase in its rough diamond sales for the Cycle-1 of 2021. The company has also launched ReSet Forever Love to celebrate the Valentine’s season this year. Diamond miner De B...
Bacanora Lithium Raises $62 Million For Mexico Project
February 04, 2021 07:50 AM GMT| By Team Kalkine MediaSummary The Lithium mining company has managed to raise $62 million through equity funding primarily through the placement of shares. Bacanora Lithium placed new ordinary shares to the tune of 101.4 million shares at an offer price of 45 pence .....
Anglo American (LON: AAL) Reports 95% Recovery in Production During H2 2020
January 29, 2021 07:27 AM GMT| By Team Kalkine MediaSummary In 2020, blue-chip miner’s production was down in most of the categories, only nickel & copper did well in comparison to the previous year. The production returned to 95 per cent of 2019 levels during the second half of 2020. .....
ECR Minerals (LON: ECR) Strengthens Financial Position with Major Warrant Exercise
January 25, 2021 01:53 PM GMT| By Team Kalkine MediaSummary ECR Minerals had received a notice to exercise warrants over 55,856,391 new ordinary shares. Around 55,356,391 new ordinary shares will be issued at 2 pence per share, and 500,000 at 1.125 pence per share. The company has appointed Nov.....
ECR Minerals’ (LON: ECR) Midas Rig Becomes Operational in Bailieston
January 22, 2021 05:06 AM GMT| By Team Kalkine MediaSummary A newly acquired drill rig at the Bailieston project in the Victoria Goldfields, called Midas, is operational now. MGA has created a strategic portfolio of exploration ground in the Victoria Goldfields. The drill location is among the .....