Galantas Gold Corporation’s proposed new chief executive announced he would introduce a stronger operational team for the Canadian company at Cavanacaw mine in Omagh, Northern Ireland. Mario Stifano will replace current CEO Roland Phelps who is to retire on the closing date of a private placement announced today. The Canadian mining executive has previously raised […]
Tag: precious metals
Red Rock raises £13,786 through warrant exercise
Red Rock Resources plc said it had received subscription monies of £13,786.77 following notice to exercise warrants over 1,838,235 new ordinary shares of 0.01 pence each in the company. The warrant shares are being issued pursuant to the exercise of 1,838,235 warrants into shares at an exercise price of 0.75 pence per share.
Alba checks waste rock dump for early gold revenue at Clogau
Alba Mineral Resources plc said it would soon start the evaluation pitting of the historic waste rock dump at the Clogau-St David’s gold mine in North Wales. PROGRAMME The dump, containing material derived from the internal development of the mine during past periods of production, is estimated to cover some 30,000 km2 (7/10th of an […]
Oriole primed for ‘new frontier’ of gold in Cameroon
Oriole Resources plc announced it had secured a controlling interest in it orogenic gold exploration projects at Bibemi and Wapouzé in northern Cameroon. LICENCES The move follows the completion of an initial funding commitment of $1.56 million set out under the terms of an option agreement signed in June 2018. Oriole now has 51% ownership […]
Condor Gold extends ESG programmes at La India
Condor Gold plc today announced it had increased its environmental and social engagement programmes at its La India project in Nicaragua. The miner’s Environmental and Social Management System includes environment, community, health and safety and human resources. ENVIRONMENT In its 2020 financial report, Condor said that the main local main local focus was the drinking […]
Scotgold Resources raises £1.5m through placing
Scotgold Resources Ltd raised £1.5 million before expenses via a placing of 2,142,857 depositary interests of no par value in the company at a price of 70p per new ordinary share. Bridge Barn Ltd, a company owned and controlled by Scotgold’s chairman, Nathaniel (Nat) le Roux, will provide additional debt funding of £500,000 if required.