Last week’s 0.5 of a percentage point cut in US interest rates was larger than many people expected. The US government is switching from reducing inflation to growth. Panmure Liberum believes that this should be the start of a rate cut cycle. There was one dissenting vote from someone who wanted a 0.25 of a […]

The post How will US rate cut affect commodities? appeared first on UK Investor Magazine.

Greatland Gold (LON: GGP) is acquiring its partner Newmont Corporation’s 70% stake in the Havieron gold-copper project, as well as acquiring 100% ownership of the Telfer gold-copper mine and other assets in the Paterson region. The total cost is $475m in cash and shares, with up to $100m deferred until commercial production is underway at […]

The post Greatland Gold secures control of Havieron appeared first on UK Investor Magazine.

Generating cash from a high gold price is helping Caledonia Mining Corporation (LON: CMCL) to invest in the Blanket mine and build up its balance sheet as it seeks to progress the Bilboes sulphide project. Zimbabwe mine Blanket produced 20,773 ounces of gold in the quarter and there was an additional 401,000 from heap leaching […]

The post Gold price boosts cash generation at Caledonia Mining appeared first on UK Investor Magazine.

Sponsored by Cheshire Gold Xchange The Benefits of Selling Gold in a High-Demand Market The gold market price fluctuates hour by hour and choosing the right time to cash in your gold can be crucial for maximising your returns. 2024 has seen gold reach record high prices, we are now in a sellers market where […]

The post Is Now a Good Time to Cash in Your Gold? appeared first on UK Investor Magazine.

AIM-quoted Greatland Gold (LON: GGP) has updated the market on the progress at Havieron and its exploration drilling. The share price dipped 1.41% to 7p, although buyers have returned and this is above the low for the day. The Havieron decline development has reached 2,510 metres and it has passed the middle aquifer. No significant […]

The post Greatland Gold’s exploration progress appeared first on UK Investor Magazine.

Thor Explorations Ltd (LON: THX) produced 20,629 ounces of gold from the Segilola mine in Nigeria during the first quarter 2023. A new high grade quartz vein system has been identified. The production was 5% below planned levels and lower than the first quarter of 2022 because of large boulders in the area mined. The […]

The post Thor Explorations gold production set to improve appeared first on UK Investor Magazine.

ASX-listed Celsius Resources has its main exploration assets in the Philippines and Namibia, plus an asset in Australia that is likely to be sold. The cash raised in the placing will be predominantly spent on the MCB project in the Philippines. The MCB project is favoured by the authorities, and they are keen to fast […]

The post New AIM admission: Celsius Resources Ltd appeared first on UK Investor Magazine.

Liberia-focused gold explorer Hamak Gold (LON: HAMA) was the best performer on Monday after it reported positive results from its first drill hole at the Nimba licence. There were 1.34 million shares traded on the day, which is treble the number traded on the previous record day. The share price jumped 60% to 12p. Hamak […]

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Greatland Gold shares gained 11.2% to 9.2p in late afternoon trading on Monday, after the mining company secured A$340 million in funding for its gold-copper Haverion deposit in Australia. The group reported the funding enabled it to fully fund its 30% share of the Haverion development, of which Newcrest holds the additional 70%. Greatland Gold […]

The post Greatland Gold secures A$340m funding for Haverion project appeared first on UK Investor Magazine.

Serabi Gold shares fell 7.2% to 33.4p in early morning trading on Wednesday after the gold mining company announced a revenue decrease to $31 million in HY1 2022 from $32 million the last year. Serabi Gold confirmed a problematic Q1 2022, with a net cash outflow of $2.5 million driven by lower production across the […]

The post Serabi Gold shares fall as HY1 revenues and profits slide appeared first on UK Investor Magazine.

Greatland Gold (LON: GGP) is raising £25m ($30m) at 8.2p a share following Newcrest Mining’s decision not to take up the option to buy a further 5% stake in the Havieron gold project in Western Australia. The fundraising was announced as the market was closing. There are also plans for an ASX-listing in the next […]

The post Greatland Gold raising £25m appeared first on UK Investor Magazine.

Greatland Gold shares fell 5.9% to 10.2p in early morning trading on Friday, after the mining company reported it had retained 30% ownership of the Haverion project following Newcrest’s decision to not buy an additional 5% interest in the joint-venture at the agreed price of $60 million. Greatland Gold said it believed the decision would […]

The post Greatland Gold retains 30% Haverion ownership as Newcrest rejects additional 5% stake appeared first on UK Investor Magazine.

Lexington Gold shares gained 5.3% to 3p in early afternoon trading on Monday after the mining group reported an updated independent JORC Mineral Resource Estimate (MRE) for the Loflin side of the Jones-Keystone-Loflin (JKL) project. The updated JORC MRE confirmed a total inferred resource of 2,596,000 tonnes at 0.99 g/t Au for 82,700 oz of […]

The post Lexington Gold updates JORC Mineral Resource Estimate appeared first on UK Investor Magazine.

Fresnillo shares dropped 5.5% to 687.8p in late morning trading on Tuesday after the miner’s HY1 revenue spiralled 14.2% to $1.2 billion. Fresnillo highlighted an adjusted revenue fall of 12.6% to $1.3 billion, and attributed 91% of its decline to lower gold volumes and 9% to lower silver prices. The FTSE 100 miner reported a […]

The post Fresnillo revenues spiral 14.2% on lower gold volumes and silver prices appeared first on UK Investor Magazine.

Antofagasta shares gained 0.3% to 1,050p in late morning trading on Wednesday following a reported 6.5% fall in copper production to 129,800 tonnes. The decline was linked to the Antofagasta’s previously announced concentrate pipeline incident at Los Pelambres, which reduced reported production by approximately 23,000 tonnes. The pipeline resumed operation by the end of Q2, […]

The post Antofagasta production falls on Los Pelambres incident, FY copper guidance downgraded appeared first on UK Investor Magazine.

Kodal Minerals shares rose 1.1% to 0.2p in late afternoon trading on Tuesday after the company announced a widened group loss before other comprehensive income of £903,000 in FY 2022 against £623,000 the last year. The West Africa-focused gold and lithium mining group reported a 370% climb in exploration and evaluation expenditure of £2.5 million […]

The post Kodal Minerals widens group loss to £903k on exploration programmes appeared first on UK Investor Magazine.

Greatland Gold shares were up 1% to 9.9p in late morning trading on Thursday following the commencement of its exploration programme at the Scallywag project, leveraging its understanding of geological information and knowledge of the area to drill a series of promising new conductor targets. Greatland Gold commented the drill programme was designed to test […]

The post Greatland Gold commences Scallywag exploration programme appeared first on UK Investor Magazine.

Empire Metals shares were down 1.7% to 1.2p in early afternoon trading on Friday after the group reported a widened pre-tax operating loss of £2.3 million from £953,769 in FY 2021. The company announced an administration expenses loss of £1.9 million compared to £958,694 the last year, along with other losses at $417,138 against an […]

The post Empire Metals widens loss on expanded Australia prospects appeared first on UK Investor Magazine.

Polymetal shares rose 4% to 187.2p in early morning trading on Thursday after the company reported a business update announcing its gold bullion concentrate sales continued as usual from Kazakhstan. However, the mining group confirmed that its silver bullion accounted for less than 5% of its estimated 2022 sales, due to a lack of export […]

The post Polymetal silver stocks accumulate on lack of sales options appeared first on UK Investor Magazine.

Landore Resources shares fell 4.5% to 20.2p in late afternoon trading on Wednesday, after the company announced a widened post-tax loss of £3.9 million from £2.5 million in FY 2021. The mining group reported that operating expenses were in line with its budget and expectations, with financing secured of £3.5 million in February 2021 by […]

The post Landore Resources widens loss to £3.5m on Junior Lake operations appeared first on UK Investor Magazine.

Gold and copper exploration company Kefi announced an update on its Tulu Kapi Gold Mine Share Company joint-venture project in Ethiopia, reporting advancement on its multi-party project financing activities and early development works. Kefi confirmed it had maintained the full funding syndicate for the project, and said it intended to sign the funding “Umbrella Agreement” […]

The post Kefi reports progress at Tulu Kapi Gold Mine project appeared first on UK Investor Magazine.

Serabi Gold reported a slate of positive results today, including a revenue surge of 13% to $63.1 million in FY 2021 from $55.8 million in the previous year. Revenue was helped higher by an 8% jump in gold production. Serabi said gold production for cash costs and AISC purposes rose to to 33,848 ounces from […]

The post Serabi Gold revenue surges 13% as production increases appeared first on UK Investor Magazine.

Oracle Power shares were down 9.3% to 0.2p following the company’s reported positive metallurgical results from the first of three samples delivered from its 100% owned Northern Zone Gold Project in Western Australia, which indicated gold recoveries of 83.3% within six hours and up to 90.4% within 72 hours. The Northern Zone is Oracle Power’s […]

The post Oracle Power reports 90.4% gold recoveries within 72 hours from Northern Zone Gold Project appeared first on UK Investor Magazine.

ECR Minerals shares climbed 16.1% to 1.2p in late morning trading on Wednesday after the company reported multiple high-grade gold intercepts at its BH3DD034 hole in Bailieston, Victoria. The Australia-focused mining firm announced that its BH3DD034 drillhole returned four high-grade gold intercepts at drilled depths of 0.3 metres at 20.3 grams per tonne of gold […]

The post ECR Minerals report multiple high-grade gold intercepts at Victoria project appeared first on UK Investor Magazine.

Cora Gold shares increased 1.7% to 7.3p in early afternoon trading on Monday after the company released its third and final set of drill results from its 2022 drill programme at the Sanankoro Gold Project in Southern Mali. The mining firm reported some of its best oxide intercepts from its final reverse circulation (RC) drilling […]

The post Cora Gold announces promising Sanankoro final drill returns appeared first on UK Investor Magazine.

Condor Gold shares gained 5% to 33.1p in late afternoon trading on Monday, after the mining firm reported a slate of positive assay results from the sampling of geotechnical drill holes on its La India open pit project. Condor Gold confirmed promising discoveries in its planned Northern Starter pit, with 34.1 metres true width at […]

The post Condor Gold strikes gold at La India open pit project appeared first on UK Investor Magazine.

Endeavour Mining shares spiked 8.4% to 2,104p in late morning trading following a slate of positive results from the company, including a 14% Q1 2022 gold production to 357koz and a relatively flat AISC at $848 per oz. The mining group reported that it was well-positioned to hit its FY2022 guidance of 1,315 to 1,400koz […]

The post Endeavour Mining reports 14% gold production rise appeared first on UK Investor Magazine.

Rambler Metals and Mining shares were up 1.6% to 28.2p in late morning trading on Wednesday, after the mining firm reported an estimated 428,000 tonnes of In-situ copper and 271,000 ounces of In-situ gold in its Canadian Ming Mine update. The company announced the positive news in its recent Mineral Resource Estimate (MRE), which replaced […]

The post Rambler Metals strikes 271k oz gold in Ming mine report appeared first on UK Investor Magazine.

Fresnillo shares were up 2.4% to 791.3p in early morning trading on Wednesday, following a 5.1% increase in silver production compared to Q1 2021 and flat rate of gold production against Q4 2021 of 149.8 koz. The mining group mentioned a 34.4% drop in attributable gold production compared to Q1 2021, due to an expected […]

The post Fresnillo reports 5.1% increase in silver production despite labour concerns appeared first on UK Investor Magazine.

Hochschild Mining shares were up 0.4% to 120.9p in early morning trading on Tuesday, after the company reported that it was on track to meet its 2022 targets in its Q1 production results. The firm commented that it was aiming for a production target of 360,000 to 375,000 ounces of gold equivalent, and 26 to […]

The post Hochschild Mining on track to deliver production targets appeared first on UK Investor Magazine.

Hamak Gold is a Liberia-focused gold explorer with two gold prospects. Liberia is apparently an underexplored and underdeveloped area in sub-Saharan Africa. There are already two significant gold projects in Liberia. Sampling should commence at both the licences in the first half of 2022, while the exploration drilling could start early in 2023.   The […]

The post New standard listing: Hamak Gold’s Liberian prospects appeared first on UK Investor Magazine.

ECR minerals shared good news regarding the result of hole BH3DD019 drilled into the north end of the Maori Reef inside HR3 at Bailieston, Victoria. ECR minerals is a gold exploration and development company based in Australia. HR3 is completely owned by ECR minerals. BH3DD019 Hole BH3DD019 is one of four holes designed to crosscut H43 […]

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Gold historically a safe haven in times of inflation and uncertainty Gold dipped on Thursday as the Fed gave an indication it could rise interest rates, while positive news emerged regarding Evergrande in China. Spot gold is down to $1,751.03 at the time of writing, as are US gold futures. The dollar is down by […]

The post Gold dips but broad upward trend remains appeared first on UK Investor Magazine.

Ever since Richard Nixon ended the Bretton Woods monetary system in August 1971, the US dollar has been on a downward spiral. Under the Bretton Woods system, gold was the basis for the US dollar and other currencies were pegged to its value. According to Russ Mould, AJ Bell investment director, “there are more than […]

The post 50 years on from the end of Bretton Woods gold bugs stand by precious metal appeared first on UK Investor Magazine.

65.8% of European investors hold crypto assets within their portfolio A survey carried out by analysts at Robo.cash, the investment platform, found that 65.8% of European investors hold crypto assets within their portfolio. Crypto assets rank third in popularity when compared to others behind P2P investments and stocks. The number of investors who increased their […]

The post Crypto outshines gold as asset of choice for investors but remains behind stocks and P2P investments appeared first on UK Investor Magazine.

Since gold reached a record high of more than $2,000 per ounce a year ago, it is down 14% London-listed gold miners have made substantial losses in their market value so far this year as the US dollar is approaching new highs. Year-to-date, a number of the UK’s best known gold miners, including Shanta Gold […]

The post UK gold miners fall back in 2021 as yellow metal underwhelms appeared first on UK Investor Magazine.

Over the course of the last month, gold is down by 5% Gold prices fell to their lowest point in four months on Monday morning as rumours fly that the Fed could be set to raise interest rates sooner than anticipated. After gold went below $1,750, it triggered a stop loss sale, bringing it down […]

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Thor Explorations Ltd is about to commence gold production at the Segilola mine in Nigeria. The costs of production are less than half the current gold price. That means that cash can be generated in the second half. The mine life appears limited at six years, but there is scope to increase the resource. The […]

The post New AIM admission: Thor Explorations Ltd appeared first on UK Investor Magazine.

Investors rush to sell gold as Fed adopts a more hawkish tone Gold prices have dropped £37.09, or 2.8%, on Thursday on the release of the Federal Reserve’s interest rate statement. At the time of writing the price of gold now stands at £1,280.58. Following Jerome Powell’s statements about inflation, the US central bank’s dot […]

The post Gold price falls as sterling drops below $1.40 appeared first on UK Investor Magazine.

Over the past three months gold is now up by 10% as inflation fears mount The price of gold soared yesterday following three consecutive days of losses as America revealed its inflation rate rose during May at the fastest pace in nearly 13 years. Compared to the same month a year ago, consumer prices increased […]

The post Gold touches $1,900 on fastest US inflation since 1992 appeared first on UK Investor Magazine.

Spot gold may rise into $1,932-$1,953/oz range according to technical analysis Gold is toying with a five-month high ahead of European and US data set to be revealed this week that could provide insight into the health of the world economy. Gold retreated from its five-month high of $1,917 to just below $1,910. The recent […]

The post Gold retreats after reaching five-month high appeared first on UK Investor Magazine.

Gold composite has risen by 0.47% to $1907.25 Gold reached its highest point in four months on Wednesday, as the Fed continued to dismiss fears of inflation. The gold composite has risen by 0.47% to $1907.25 at lunchtime in the UK, and is up by 7.3% over the past month. Vice Chair of the Fed […]

The post Gold reaches four-month high amid fears of inflation appeared first on UK Investor Magazine.

Gold composite up by 0.7% to $1,850.02 The price of gold rallied to its highest level in over 12 weeks on Monday as investors were spooked by fears over inflation in America. The price of gold, having risen to $2000 last summer, before retreating as announcements around vaccines emerged, is up to its highest point […]

The post Gold surges as investors spooked by inflation fears appeared first on UK Investor Magazine.

Spot gold fell by 1.18% to $1,712.90 The price of gold fell on Monday as the US dollar strengthened and hopes of a speedy economic recovery dampened demand for the precious metal. The commodity fell by 1.18%% to $1,712.90 in the afternoon, while gold futures dipped 1.18% to $1,711.80. There are three reasons driving this […]

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Gold trading below $1,700 Gold prices dipped below $1,700 on Friday as US non-farm payroll figures surpassed expectations. America added 379,000 jobs in February, significantly more than the 180,000 forecasted by economists. The market for the precious metal fell under pressure ahead of the employment statistics and lost ground in the immediate aftermath. The last […]

The post Gold slumps to a near nine-month low following non-farm payroll figures appeared first on UK Investor Magazine.

The price of gold made a modest rally on Tuesday afternoon, gaining 0.25% to $1,840.91 per ounce after lunchtime, following a turbulent few weeks which saw the precious metal take a -2.31% hit. Responsibility for the uptick, analysts at FX Street say, is “exclusively sponsored by the emergence of some selling around the US dollar, […]

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Swiss investment bank UBS has announced that it expects silver to outperform gold in 2021, following a year which saw “safe haven” precious metals hit record highs and reap the benefits of global stock market volatility. 2020 was a remarkable year for gold, which surged to a record high of $2,075 in August after one […]

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Having fallen on Monday, the price of gold rose by 1.25% on Tuesday, as traders reacted to a weakening dollar and expectations of a compromise-ready Fed meeting on Wednesday. With Fed stimulus coming at some point (hopefully soon), and talk of negative rates being floated around again following the latest London lockdown announcement, there is […]

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The price of gold fell nearly 2% to a 4-month low on Monday after better-than-expected U.S. business activity data and optimism over the progress in Covid-19 vaccine development sent investors turning away from their safe haven assets, as hopes mount that a swift economic recovery may be on the horizon. Spot gold dipped 1.68% to […]

The post Gold tumbles to 4-month low after strong U.S. data, vaccine progress appeared first on UK Investor Magazine.

Fintech firm, Glint Pay, announced on Wednesday that it has taken its ‘first major steps’ in offering a gold-based corporate facility, as investment manager, Perspective Investments, opened a business account and became the fintech’s largest corporate client. Perspective Investments said they will use their Glint Pay business account to store capital, and will offer employees […]

The post Glint Pay opens gold-based account for ‘largest corporate client to-date’ appeared first on UK Investor Magazine.

British precious metals dealer, Direct Bullion, stated on Monday that it believes the gold price will ‘break new records in 2021’, with lingering economic uncertainty driving demand for the commodity in the new year. Despite a predicted 9% increase in production in 2021, Metal Focus expects gold to remain high, and above $2,000 per troy […]

The post Gold could hit $2800 as uncertainty persists in 2021, says Direct Bullion appeared first on UK Investor Magazine.

Gold gained towards the end of the week after the initial buzz from the news that the BioNTech-Pfizer vaccine proved more than 90% effective in Phase III tests begun to wear off, with doubts over the efficacy and distribution. Markets soared back on Monday in response to the US election result, but coupled with the […]

The post Gold prices inch higher as vaccine euphoria wears off appeared first on UK Investor Magazine.

Gold as currency fintech firm, Glint Pay, has continued its expansion since its Crowdcube campaign in 2018. Today, it announced that it had secured an additional £2.5 million in funding to support its growth, to 138,000 active users in the next twelve months. The funding news follows the launch of Glint Pay’s peer-to-peer transfer facility […]

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Griffin Mining shares (LON: GFM) surged +9% on Friday after the group posted a positive production performance in the third quarter of this year. In the three months ended September 30, Griffin Mining mined 248,361 tonnes of ore, which is an increase from the 200,484 tonnes mined in the three months ended June 30. For […]

The post Griffin Mining shares surge 9% on positive Q3 performance appeared first on UK Investor Magazine.

FTSE 100 listed metals mining company, Antofagasta (LON:ANTO), saw its shares dip as it reported reductions in its copper and gold production volumes during the year-to-date. Copper production fell by 7.3% during the year-to-date, down to 541.3kt. Similarly, YTD molybdenum production fell by 4.3%, from 9.3kt, to 8.3kt. The big hit, though, came with gold, […]

The post Antofagasta reduced workforce sees copper production fall by 7% appeared first on UK Investor Magazine.

Precious metals mining company, Wishbone Gold (AIM:WSBN), added to the list of recent developments coming out of the Patersons Range region of Western Australia, by informing investors that it has signed an exclusive 45 day option to acquire 100% ownership of three exploration tenements. The tenements make up 67 square kilometres combined, with the largest […]

The post Wishbone Gold acquires option to own tenements adjacent to Havieron and Telfer appeared first on UK Investor Magazine.

The price of gold hit a six-week low on Thursday, wavering against the “robust” performance of the US dollar. A lack of additional economic stimulus from central banks has seen investors lose some interest in the precious metal, which is often treated as a safe haven-esque hedge against inflation and market turbulence. August saw gold […]

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Australian mining company Greatland Gold plc (AIM:GGP) watched its shares sit still in early trade on Thursday before closing the day significantly stronger on a positive update from Newcrest (ASX:NCM) at Greatland’s Havieron deposit. The company said that the newly-identified Breccia zone has continued to be expanded with further drilling, with the Northern Breccia zone […]

The post Greatland Gold shares stagnant before exploding higher on positive Havieron results appeared first on UK Investor Magazine.

Gibraltar-based gold mining company Wishbone Gold (AIM:WSBN) saw its shares spike on Wednesday, as the company announced the commencement of drilling and exploration at its Wishbone II project in Queensland Australia. The project is situated between two other gold producing areas, Charters Towers Gold Project to the West and Ravenswood to the East, with the […]

The post Wishbone Gold shares soar 96% on Queensland exploration commencement appeared first on UK Investor Magazine.

The price of gold has slipped below the $1,900 per ounce benchmark, reaching a near three-week low of $1,872.19 on Wednesday, while gold futures also slid 2.4% to $1,900. It marks the largest one-day fall since 2013. Just last week, gold prices soared to a record high of $2,075 after sustaining one of its longest […]

The post Gold sees largest one-day drop since 2013 appeared first on UK Investor Magazine.

Gold renewed its all-time-high record on Wednesday, only a week or so after breaking its previous record. The price of gold now stands at $2,000 dollars, a real milestone that readies investors for the potential of prices in the $2-3k range in future, but is a continued rally something we can expect? As we stated […]

The post Gold price hits $2,000 but might still be worth investing in appeared first on UK Investor Magazine.

Bitcoin – the world’s largest cryptocurrency – rose above $10,000 on Monday for the first time in more than 6 weeks, alongside risk asset gold hitting an all-time high of $1,940. According to Bloomberg, Bitcoin opened at $10,169 at 6am in New York, wavered a little in the early trading hours before rallying to $10,335. […]

The post Bitcoin poised to soar alongside gold, surges past $10,000 appeared first on UK Investor Magazine.

Back in February, I predicted the two-year gold price rally was not yet at its peak, and that it would hit $1,800 before it consolidated. Now – perhaps alongside a hat inscribed with ‘captain obvious’ – we can say that even my optimistic predictions were reserved, as gold rallied 2% on Monday, to its all-time-high […]

The post Gold price hits all-time high with bleak economic horizon appeared first on UK Investor Magazine.

The UK’s High Court has ruled against the Venezuelan government in a legal battle over access to $1 billion worth of gold currently held by the Bank of England. Incumbent president Nicolás Maduro launched legal action against the Bank when it refused to hand over the gold, following opposition leader Juan Guaidó’s warning that it […]

The post UK High Court rules against Nicolás Maduro in row over Venezuelan gold appeared first on UK Investor Magazine.

Precious metals exploration and development company Greatland Gold plc (AIM:GGP) published what it described as ‘outstanding’ drill results from Newcrest Mining‘s (ASX:NCM) drilling campaign at Greatland’s Havieron deposit in the Paterson region of Western Australia. On the agreement between the two companies, Greatland’s statement read: “Greatland and Newcrest have a Farm-in Agreement at Havieron, whereby […]

The post Greatland Gold shares bounce 8.70% on ‘outstanding’ drill results appeared first on UK Investor Magazine.

Greatland Gold (LON:GGP) have updated the market today on their operations at their Havieron site. The gold exploration firm said that the results had been ‘outstanding’ – which has sent shares rallying. Shares in Greatland Gold trade at 4p (+13.09%). 11/3/20 12:31BST. Greatland noted that the current drilling at Havieron is continually expanding and is […]

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Polymetal International PLC (LON:POLY) have given shareholders a strong set of final results on Wednesday morning, which has led to shares receiving a boost. Shares in Polymetal International trade at 1,284p (+1.42%). 4/3/20 10:01BST. The firm noted that revenue was significantly higher across 2019, following rising commodity prices. Polymetal said that revenue had spiked 20% […]

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Serabi Gold PLC (LON:SRB) have given an operational update to shareholders today which has led to shares receiving a boost. Shares in Serabi Gold trade at 83p (+3.75%). 3/3/20 14:18BST. The gold miner told the market today that it had begun a 9,600 metre step out drill programme in the fourth quarter of 2019. This […]

The post Serabi Gold give operational update on Sao Chico appeared first on UK Investor Magazine.

Goldplat plc (LON:GDP) have seen their shares crash on Monday following the releasing of their interim results. The gold miner said that they had swung to an interim profit, in the six month period which ended December 31. The firm said that an increase in the price of gold and improved performance drove the results […]

The post Goldplat shares crash 15% despite swinging to an interim profit appeared first on UK Investor Magazine.

Fresnillo Plc (LON:FRES) have seen their shares jump as they gave shareholders an operational update on Monday. Shares in Fresnillo trade at 740p (+4.02%). 24/2/20 12:03BST. The mining firm said that it has accelerated the development of the Juanicipio project in Mexico’s Zacatecas state. Following this update, Fresnillo added that they expect to start producing […]

The post Fresnillo give update on Juanicipio project appeared first on UK Investor Magazine.

Chaarat Gold Holdings Ltd (LON:CGH) have seen their annual production rise in an update on Wednesday afternoon. Chaarat is a gold mining company which owns the Kapan operating mine in Armenia as well as Tulkubash and Kyzyltash Gold Projects in the Kyrgyz Republic. The gold miner noted that annual production had increased at its Kapan […]

The post Chaarat Gold note annual production increases and higher reserves appeared first on UK Investor Magazine.

Hochschild Mining Plc (LON:HOC) have seen their shares jump on the back of a strong set of annual results. The mining titan said that its’ profit doubled in 2019, as the firm looked to deliver further progress and developments. Hochschild Mining said that revenue spiked 7% to $755.7 million, compared to $704.3 million in 2018. […]

The post Hochschild Mining shares jump 7% on strong annual results appeared first on UK Investor Magazine.

Panther Metals Plc (LON:PALM) have told the market that they have filed applications to operate in Canada. The mining firm expressed their intentions to file applications for four exploration permits covering the Big Bear gold project in Canada. The applications will cover the north, south, east and west of the project, the company said, and […]

The post Panther Metals file applications to operate in Canada appeared first on UK Investor Magazine.

Resolute Mining (LON:RSG) have seen a rise in their gold reserves at the end of 2019, which has left shares in green. The gold miner reported a year-end rise in gold reserves, as the planned sale of its Ravenswood mine goes ahead. Resolute told the market that total ore and mineral reserves climbed 15% year […]

The post Resolute Mining report higher gold reserves at end of 2019 appeared first on UK Investor Magazine.

Pan African Resources plc (LON:PAF) have seen progress in the first half of their financial year in an update on Tuesday. The firm did admit that it had faced ‘challenges’ so far in its financial year – however performance had improved as growth was sustained. CEO Cobus Loots commented: “Our business strategy of delivering safe, […]

The post Pan African Resources’ profit rises despite ‘challenges’ in financial year appeared first on UK Investor Magazine.

An elemental piece of knowledge within the world of finance is that, as an asset, the price of gold tends to work inversely to bearishness in equity markets. This isn’t to say that there is a perfect trend – whereby precious metals dip when global equities are doing well – but when markets falter, gold […]

The post Gold could hit $1800 but what does this say about market sentiment? appeared first on UK Investor Magazine.

Cora Gold (LON:CORA) have found multiple high grade gold intercepts at its Sanankoro gold project in southern Mali. The gold miner said that drilling had targeted deeper oxide and sulphide extensions to the current inferred mineral resource of 5.0 million tonnes, which has a grade of 1.6 grams per tonne of gold, containing 265,000 ounces […]

The post Cora Gold find high grade gold intercepts in Mali appeared first on UK Investor Magazine.

Primorus Investments PLC (LON:PRIM) have reported a strong final quarter in their Tuesday update as subsidiary investments have led to success. The firm hailed the recent performance of Greatland Gold (LON:GGP) as one of the drivers of success in the final quarter of 2019. Primorus told the market that they had invested £625,000 into Greatland […]

The post Primorus Investments hail Greatland Gold performance in strong end to 2019 appeared first on UK Investor Magazine.

Trans-Siberian Gold (LON:TSG) have seen their shares jump on Monday following developments made regarding their Russian operations. The firm said that they had reported a mineral resource estimation of one million ounces of gold at their Rodnikova deposit. Looking at the JORC-compliant estimate, this indicated a mineral resource estimate of 3.1 million tonnes at a […]

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Fresnillo Plc (LON:FRES) have seen a quarterly rise in gold output, however annual production has fallen short of expectations. As a result of the shortcoming, shares of Fresnillo have slipped on Wednesday morning. Shares in the firm trade at 592p (-3.36%). 29/1/20 11:12BST. Fresnillo, who were a former FTSE 100 listed firm told the market […]

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Caledonia Mining (LON:CMCL) have told shareholders that they have increased their holdings in the Blanket gold mine. Caledonia initially held a 49% stake in the mine and this deal was approved in November 2018, however was only cleared last November following regulatory approval. The firm on Tuesday told the market that it has increased its […]

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Resolute Mining (LON:RSG) have announced a fundraising plan to pay off a loan on Tuesday morning. The firm said that it is raising AUD196 million, which will be broken down into three segments. The firm will initially place 132.7 million shares at AUD1.10 each to raise the AUD146 million, and this will close on Tuesday. […]

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Rockfire Resources (LON:ROCK) have said that it has started drilling to expand gold mineralization at its BPL025 hole in Australia. Shares have surged this morning by 37.88% to 1p. 20/1/20 11:10BST. The firm said that reverse circulation drilling is now being undertaken and will be completed within a 15 day period. Geophysical anomaly will be […]

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Shanta Gold (LON:SHG) has updated shareholders about its operations in Tanzania. The firm said that full-year production at the New Luika mine in Tanzania has beat its target output range with annual tonnes mixed rising to a new company record. For the year ended December 31, production rose by 3.2% year-on-year to 84,506 ounces, edging […]

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The story begins to write itself at this point. Goldman Sachs (NYSE: GS) tells us that the negative impact of the US-China trade war will diminish in 2020, but the refusal of gold prices to stage any kind of concerted climb-down tells us the opposite story. As the Tuesday session lets out its final breath, […]

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After carrying on a seemingly unassailable rally in 2019, gold held relatively steady on Tuesday. During the session, the asset’s price hit its highest point since November 7th, before dropping by 0.13% to USD 1,469.05. Gold’s ability to maintain this price level tells us at least one thing – markets aren’t ready to attempt on-risk […]

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In the aftermath of a roaring Monday for the Dow Jones, Tuesday was entirely underwhelming. While the DAX and CAC hovered near or above 17 and 12 year highs respectively, the Dow Jones decided to relax, while gold prices hit new daily lows. Speaking on the day’s movements, or lack thereof, Spreadex Financial Analyst Connor […]

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Mining company KEFI Minerals PLC (LON: KEFI) announced today that it had made progress in its efforts to gain the full set of approvals needed for it to proceed at its partially owned Tulu Kapi Gold mining project, but that “certain internal administrative matters” were yet to be resolved. In its statement, the Company stated, […]

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Metals exploration and development company Panther Metals Plc (NEX: PALM) today announced that it had secured its first exploration licence in the Northern Territory, Australia. Its Exploration Licence Application regarded it Marrakai Project, which is located in Pine Creek Orogen. The ELA covers an area of 10.1 square kilometres, which has been the recorded source […]

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East Africa-focused gold producer, developer and explorer Shanta Gold Limited began “rapidly paying down its debt” during a productive third quarter, which saw the Group’s production volumes and sales expand. The Company booked an impressive reduction in net debt, dropping 23% during the quarter to US $20.7 million. Further, the Group’s net debt narrowed 15% […]

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Mining company Capital Mining Ltd (LON: CAPD) recorded progress during the third quarter and gears itself up for a busy end to FY 2019, with revenues currently lagging behind on a year-on-year comparison. Company revenues grew 6.1% compared to the previous quarter, up to US $29.4 million. However, on-year revenues contracted 5.2% from $31.0 million […]

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Precious metals mining company Avesoro Resources Inc (LON: ASO) has said its full-year guidance remains under review as operational difficulties weigh on gold production volumes. Following a switch to contactor mining at its Youga and New Liberty contracts, the Company said its production quantities had been adversely affected during the quarter. Third quarter production at […]

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Largely following on from yesterday’s trends, market indices struggled to recover from the tensions in the Gulf and ensuing oil price hike. As if markets hadn’t taken more than their fair share of beatings and uncertainty, the jump in Brent Crude not only makes day-to-day activities more costly (the arbitrary case) but the events in […]

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Metal mining company Griffin Mining Ltd (LON: GFM) saw its share price dip on a consistent deterioration across its financial fundamental. On a year-on-year comparison of the first half, the Group’s revenues contracted from US$54.1 million to US$38.6 million. This led a dip in operating profits from $21.1 million to $6.0 million, and a drop […]

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Gold miner and trader Highland Gold Mining Ltd (LON: HGM) posted positive first half results led by sales of increased gold volumes. The Company stated that its gold volume sold increased from 121,174oz for H1 2018, to 142,609oz for H1 2019. This led an increase in revenue on-year, from US$146.9 million to US$174.7 million. Correspondingly, […]

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Precious metals mining company Resolute Mining Limited (LON: RSG) posted bumper fundamentals during the first half of full-year 2019, with impressive production and financial results. This is only one of many success stories in the precious metals sector this year, with market uncertainty feeding the increased popularity of inverted risk assets. The Company posted headline-grabbing […]

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Precious metals mining company Polymetal International Plc has seen its share price rally on publication of its results for the first half of full-year 2019. The Company booked a 20% hike in revenues on a year-on-year comparison for the same period, up to US $946 million. Alongside this, the Company’s Adjusted EBIDTA jumped 34% to […]

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Copper, zinc, lead, silver and gold development company Alien Metals Limited (AIM: UFO) today announced a series of follow-up exploration and sample collection at its wholly owned Donovan 2, Los Campos and San Celso concessions, following previous studies. The Company told investors that 98 samples had been collected from their three projects, with all samples […]

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Turkey-based gold mining company Ariana Resources plc (LON: AUU) followed its update on its Salinbas Project with today’s update on the Company’s Kiziltepe Mine. Kiziltepe is part of the Red Rabbit joint venture with Proccea Construction Co. and is 50% owned by Ariana. The Group posted a growth in total ore processed on a quarter-on-quarter […]

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Gold, copper and silver producer Anglo Asian Mining plc (LON: AAZ) announced on-year growth but saw their share price dip after noting that copper production volumes had dipped between Q1 and Q2 2019. In its summary, the Company noted that quarterly production dipped between Q1 and Q2, which Anglo Asian attributed to a comparative reduction […]

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Zimbabwe-focused gold mining company Caledonia Mining Corporation Plc (TSE: CAL) today published a production update for the second quarter 2019 on its Blanket Mine project in Zimbabwe. The Company stated that 12,712 ounces of gold were produced during Q2, which represented a 6.4% rise on the 11,948 ounces for Q1. Caledonia Mining retained its full […]

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Tanzania-based gold mining company Acacia Mining PLC (LON: ACA) has posted a positive mineral resources update for its Gokona Mine venture at North Mara. As of May 2019, mineral reserves were up 13% compared to the year’s end 2018. Up from 1.117 million ounces of gold at 5.6g/t to 1.257 million ounces of gold at […]

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African-continent-based Copper, Gold and Cobalt mining company Arc Minerals Ltd (LON: ARCM) has announced that it has come across ‘significant copper mineralisation‘ at the Cheyeza East venture, in what was the Company’s maiden drill programme. Of the two holes drilled, it was the second that intersected and identified the zones of significant mineralisation at Cheyeza […]

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Copper ore and gold mining company Altus Strategies Plc (LON: ALS) announced that it had identified drill targets at three prospects over two sites, alongside its other announcement that it had secured a licence for multi-mineral and gold operations in Zager. Altus Resources and Zager Altau Resources, a local subsidiary of British group Altus Strategies, […]

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Caledonia Mining Corporation Plc (LON:CMCL) has seen a share price dip in trading today as it suffers from the underwhelming output and low gold prices. The company have reduced their guidance following disappointing Q3 profits, with the adjusted figure through September dropping to $2.2 million for the three month period. As part of this hit, […]

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Mining firm Antofagasta Holdings (LON:ANTO) have announced a downgrade in their full-year output guidance for copper, following an on-year production and grade dip in copper and gold. Despite a 15.4% quarterly jump in copper production and a 21.2% jump for gold from the second to third quarter, and predictions of “particularly strong” production in the […]

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Precious metals mining company Fresnillo Plc (LON:FRES) have upgraded their output guidance for gold for the fourth quarter, whilst downgrading silver. One of the London-listed go-to precious metal players has today announced that it has seen a 1.7 % on-year increase in gold output, as well as an on-year increase of 8.5% in silver output […]

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