R/€ = 17.58 Change: 0.00
R/$ = 15.53 Change: -0.01
Au 1811.88 $/oz Change: -0.40
Pt 978.61 $/oz Change: 9.61


Xtract’s Manica booms in fourth quarter with significant production ramp up

By: Donna Slater     18th January 2022 LSE-listed brownfield miner and developer Xtract Resources reports that the total contractor alluvial gold produced at the Manica operation, in Mozambique, increased to 2 306 oz in the fourth quarter of 2021, from the 1 416 oz produced in the third quarter. During the period, total hard-rock... 

Ewoyaa drilling assays confirm high grades, mineralisation continuity

By: Donna Slater     18th January 2022 Africa-focussed lithium explorer and developer Atlantic Lithium reports that its current high-grade infill drilling campaign at the Ewoyaa lithium project, in Ghana, continues to confirm high grades and mineralisation continuity. Atlantic recently announced an updated scoping study and increased... 

Capital Drilling says 2021 was its strongest financial year yet

By: Tasneem Bulbulia     18th January 2022 LSE-listed mining services company Capital Drilling recorded its strongest financial year yet in 2021, with three quarters of revenue growth, executive chairperson Jamie Boynton says. He highlights that 2021 was a “transformational” year for Capital, driven in part by a surge in market activity... 

Kirkland Lake finishes year strong; Agnico deal to close soon

By: Mariaan Webb     17th January 2022 Bullion producer Kirkland Lake, which is merging with Agnico Eagle, has finished 2021 with record full-year production, driven by a stellar performance from the Fosterville mine, in Australia. The miner produced 1.43-million ounces of gold in 2021, exceeding its original guidance of 1.3-million... 

Road rehabilitation between Kameeldrift, Ga-Rankuwa to start this week

By: Schalk Burger     17th January 2022 Road management company Bakwena N1/N4 Platinum Highway will undertake major rehabilitation of the base layers in the left-hand lane on portions of the N4 between Kameeldrift and Ga-Rankuwa Interchanges as part of its 2022 planned maintenance programme. The detailed design for this work was... 

Kavango resumes drilling at Botswana project after December break

By: Donna Slater     17th January 2022 London-listed explorer Kavango Resources has recommenced with drilling of the KSZDD002 hole at its Kalahrai Suture Zone project in Botswana, following a pause over the December holidays whereby the hole was sealed off at 350 m. On January 14, Mindea Exploration and Drilling mobilised the rig and... 

Theta extends underground PFS

By: Esmarie Iannucci     13th January 2022 Gold miner Theta Gold Mines has extended the pre-feasibility study (PFS) into its Theta underground project to include the Rietfontein mine, in South Africa. The PFS, which was announced in April of last year, originally only incorporated the Beta, Frankfort and CDM mines. 

MC Mining subsidiary secures extension to deferred payment for property acquisition

By: Donna Slater     11th January 2022 Coal miner MC Mining reports that its subsidiary Baobab Mining & Exploration’s deferred payment of R35-million – needed to complete the acquisition of the Lukin and Salaita properties – has been extended from January 10 to February 28. On January 14, 2019, Baobab entered into the R70-million... 

Haneti diamond drill programme mobilises

By: Tasneem Bulbulia     11th January 2022 Aim-listed Katoro Gold and Power Metal Resources have begun mobilisation for the diamond drill programme at their joint venture (JV) Haneti nickel project, in Tanzania. Katoro holds a 65% ownership interest in the project, with the balance held by Power Metal.  

Gemfields launches transparency-measuring initiative

By: Donna Slater     10th January 2022 Gemstone miner Gemfields is calling on governance bodies, mining organisations, industry observers and host governments to adopt the G-Factor for Natural Resources – a new measure promoting greater transparency regarding the level of natural resource wealth shared with the governments of host... 

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