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Saturday Read: Atalaya Mining is profitable and cash flow positive

Saturday Read: Atalaya Mining is profitable and cash flow positive

A little while ago, Atalaya Mining (AYM.TO, LON:ATYM) reported its financial results of the first quarter of the year after it had already pre-published its production results (re-read them here). The impact of the lower copper price ($2.80 per pound on average) was mitigated by an 8.2% production increase as […]

White Rock Minerals commences drilling at Red Mountain

White Rock Minerals commences drilling at Red Mountain

White Rock Minerals (ASX:WRM) and partner Sandfire Resources (ASX:SFR) have started a new drill program on the Red Mountain VMS project in Alaska. Two diamond drill programs have been approved as one of them will follow up on the discovery of the Hunter zone last year, and a second drill […]

Western Copper and Gold starts Casino drill program

Western Copper and Gold starts Casino drill program

Western Copper and Gold (WRN.TO, WRN) has started a 10,000 meter drill program on the Casino copper-gold project in Canada’s Yukon Territory. The drill program will be completed by two diamond drill rigs that will punch holes with depths ranging from 150 meters to 400 meters, in an attempt to […]

Lucapa Diamond sells US$7.3M worth of diamonds YTD

Lucapa Diamond sells US$7.3M worth of diamonds YTD

Lucapa Diamond (ASX:LOM) (not to be confused with Lucara Diamond) has sold 7,008 carats of rough diamonds at an auction in Antwerp for a total of US$3.5M, including some diamonds selling for US$26,000 per carat which is substantially higher than the average sales price of US$588/carat for the total production […]

Aben Resources is gearing up for its busy summer program

Aben Resources is gearing up for its busy summer program

Aben Resources (ABN.V) will be advancing both the Forrest Kerr gold project in British Columbia as well as the Justin Gold project in the Yukon Territory during this summer and this two-pronged approach should ensure a summer packed with exploration updates. Forrest Kerr, British Columbia At Forrest Kerr, Aben will […]

Base Resources announces 171 million tonne resource at Kwale North Dune

Base Resources announces 171 million tonne resource at Kwale North Dune

Base Resources (ASX:BSE) has announced an updated resource estimate on the Kwale North Dune zone of its Kwale mineral sands project in Kenya. Base had been looking for satellite zones that could be mined in order to extend the useful mine life of Kwale, where the company has been focusing […]

Red Rock Resources looks forward to another dividend from Jupiter Mines

Red Rock Resources looks forward to another dividend from Jupiter Mines

Red Rock Resources (RRR.L) has provided an updated on the estimated cash flows it will receive from the dividends payable by Jupiter Mines (ASX:JMS), an Australian company in which Red Rock has a 0.95% stake. Jupiter owns 49.9% of the Tshipi Manganese mine in South Africa, which has been printing […]

Centaurus Metals redesigns Jambreiro iron ore project

Centaurus Metals redesigns Jambreiro iron ore project

Centaurus Metals (ASX:CTM) seems to be keen on capitalizing on the high iron ore prices on the world market, as the company is currently anticipating to publish a new pre-feasibility study on its Jambreiro iron ore project in Brazil, where it will focus on a 1 million tonne per year […]

Zanzibar Gold will have to retract its press release

Zanzibar Gold will have to retract its press release

  Sometimes we come across press releases that just make us shake our heads in disbelief. On Tuesday, approximately 1 hour after the market closed, Zanzibar Gold (ZBR on the CSE) published one of those press releases and we are surprised the BCSCC hasn’t requested the company to retract the […]

Chesser Resources finds more gold in Senegal

Chesser Resources finds more gold in Senegal

Chesser Resources (ASX:CHZ) has released the assay results from an additional 20 holes that were drilled on its Diamba Sud gold project in Senegal where the drill bit was testing other areas of a large geochemical anomaly. And with success, considering the RC drill program encountered high-grade gold mineralization very […]