Proactive weekly mining highlights: Pure Gold Mining, Anglo Asian Mining, Tharisa, Galileo Resources...
It was a pretty busy week on the small cap mining scene
Company
LON:AAZ
Anglo Asian Mining is an established gold, copper and silver producer, with a track record of operating successfully for over 20 years. The company has discovered, developed and brought 6 mines into production and maintains a strong portfolio of high-quality production and development assets across eight contract areas, spanning 2,544 km² in western Azerbaijan.
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It was a pretty busy week on the small cap mining scene
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Base metals and Miners rise as lockdown eases in Western Economies Construction machinery index tracking downtime shows strong recovery in machine utilisation Expect stimulus measures from China’s National Peoples Congress
The company also said a JORC code update of the resources and reserves for three producing mines at its Gedabek project is underway and expected to complete in the third quarter of 2020
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Antofagasta (LON:ANTO) – 2019 final dividend hit by Covid19 Arc Minerals* (AIM:ARCM) – Arc raises stake in Zaco to 72.5% from 52.5%
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COVID-19 – is the US and Europe risking a second wave by reopening from Lockdown too early or will Europeans develop herd immunity in time? Gold prices look set to rise further on the risk of a second wave of COVID-19 cases overwhelming hea
Profits in the year also jumped 19% to US$30.1mln, while the total dividend was increased to US$0.08 from US$0.07 per share
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Chaarat Gold* (AIM:CGH) 29p, Mkt Cap £136m – Proposed equity raise BUY The Company is launching a placing for at least $12m at 26p by way of new investment, conversion of existing debt as well as the offset of accrued or future fees and sal
Production continues at the Gedabek mine in spite of coronavirus disruption
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ReNeuron Group (LON:RENE): Research agreement with major pharma Share price: 109p; Market Capitalisation: £34.7m Cell therapy developer, ReNeuron, struck a research agreement with an unnamed major pharmaceutical company regarding its exosom
Anglo Asian's mines in Azerbaijan are continuing in production
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SP Angel . Morning View . Thursday 26 03 20 More stimulus pledged by governments and monetary authorities MiFID II exempt information – see disclaimer below
Guidance has been maintained at between 75,000 and 85,000 ounces of gold equivalent
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Anglo Asian Mining* (LON:AAZ) – FY20 guidance for 75-80koz GE and >$100m in revenues Vast Resources* (LON:VAST) – Baita Plai moves towards the start of production Greatland Gold (LON:GGP) –Further drilling results from the Havieron project
2020 is set to be another year of solid performance, according to chief executive Reza Vaziri
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SP Angel . Morning View . Monday 24 02 20 Gold jumps higher on spread of Coronavirus Pandemic MiFID II exempt information – see disclaimer below
Anglo Asian has built up a successful track record of exploration and production
The Azerbaijan-based gold miner took out a refinancing loan with Pasha Bank in 2018
“Strong cash generation will allow the company to continue to enhance our announced dividend policy,”
New discoveries at Avshancli and Gilar, on the same licence area of its Gedabek open-pit, were the result of a regional exploration field mapping programme
Anglo Asian has built up a strong track record of production at Gedabek