Proactiveinvestors United Kingdom Norseman Gold articles

Norseman Gold says return to basics approach having a "dramatic impact" on costs

Tue, 01 May 2012 07:24:00 +0100

A “return to basics” approach appears to be bearing fruit for Norseman Gold (LON:NGL, ASX:NGL) , which said it had seen a “dramatic” reduction in costs since the turn of the year.

Norseman Gold unveils Tulla Resources as new strategic partner

Thu, 16 Feb 2012 09:20:00 +0000

Norseman Gold today revealed its new strategic partner is Tulla Resources, which will take over the running of its mine and lend A$10 million (£6.8 million) to the Aussie gold group.

Norseman Gold unveils £12mln funding package; appoints new NOMAD and director

Wed, 26 Oct 2011 07:38:00 +0100

Norseman Gold said this morning it is raising £12 million in total via a placing of shares and convertible loan notes. The AIM and ASX-listed gold miner said the new funds will provide the working capital required until the North Royal open pit turns cashflow positive.

Norseman Gold undervalued as it is set to double production this year, says broker

Tue, 06 Sep 2011 16:37:00 +0100

House broker Seymour Pierce believes that Norseman Gold is significantly undervalued despite the company’s management reducing its production guidance

Norseman Gold Prospects Underrated by the City, says Seymour Pierce

Tue, 24 Aug 2010 13:49:00 +0100

Another reserves upgrade from Norseman, yet the share price fails to reflect the gold in the ground, says Seymour Pierce's mining guru Asa Bridle.

Norseman Gold posts A$20.4 million maiden profit, eyes acquisitions

Tue, 01 Sep 2009 10:49:00 +0100

The increase in revenues was due to a 4.6% improvement in gold output from its principal asset Norseman Gold Project in Australia to 80,753 ounces

Norseman Gold identifies new reef at Harlequin

Mon, 20 Jul 2009 09:42:00 +0100

Norseman released more upbeat news for investors - a new reef at Harlequin has been identified with high grade gold intercepts received from underground drilling results.

Norseman Gold is profitable and debt-free, but still below the radar?

Tue, 14 Apr 2009 07:56:00 +0100

Norseman Gold has moved from a company perceived to be high cost, unprofitable, saddled with debt and teetering on the edge, to a company which is debt free, enjoying rising revenues and falling costs

Gold strength and operational improvements bring Norseman Gold back from the brink

Wed, 25 Feb 2009 11:50:00 +0000

Fortunately for investors and Norseman Gold, it remains completely unhedged, allowing it to benefit fully from the rising gold price.

Norseman Gold - recovery play?

Mon, 14 Apr 2008 00:00:00 +0100

?this situation may present value to investors who like turnaround stories, and who believe in the ongoing fundamentals of gold, with an opportunity ? especially as higher grades of ore are now available to effect production.

Norseman Gold is an Australian gold mine re-energised

Tue, 24 Apr 2007 00:00:00 +0100

The new management also plans to invest in upgraded equipment, to switch to natural gas for power, and take measures to increase grades to at least 10 grams per tonne thus driving cash costs below A$500/ounce (about US$ 419/ounce) whilst also increasing production to 120,000 ounces.