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Proactive mining highlights: Armadale, Breedon, Diamoncorp, KEFI, Mkango, Medusa, Sierra Rutile and more...
A round up of the week's mining headlines from Proactive.
Company
GoldStone Resources
LON:GRL
GoldStone’s primary focus is to recommence gold production at Akrokeri-Homase Project (AKHM) within 2 years. The project contains two historic gold mines: the high-grade 24g/t (recovered grade) Akrokeri Mine and the Homase Open Pit, a shallow 2.85g/t oxide deposit. GoldStone has acquired extensive exploration and development work due to the activities of the former operators and the intention is to reopen the Akrokeri mine and extend the Homase open pit with the goal of reaching production in as short a timeframe as practicable. The Board believe that once the AKHM Project is in production, this will provide a foundation on which to rapidly build a mid-tier mining company. From this, the Company will look at other commodities if there is a strategic fit geographically or financially.
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Stratex International maintains stake in Goldstone Resources
The money will primarily be used to advance Goldstone's principal project, the 602,000 oz Homase-Akrokerri gold project in Ghana,
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Proactive mining highlights: Anglo Asian, Condor Gold, Gemfields, Kibo, Hummingbird, Orogen and more
Weekly round up of mining news from the world of Proactive.
Goldstone Resources unveils changes at the top
Emma Priestley, currently the interim chief executive of Goldstone, has been hired as exceutive director and chief executive.
Risers & fallers: Wandisco , Fox Marble , Tui AG...
Major share price risers and fallers in London at 4pm
Stratex increases funding for Goldstone
Stratex has increased its funding provision for 33%-owned Goldstone Resources
Archive
Proactive mining highlights: Aureus, Botswan Diamonds, Gemfields, Tembo Gold, Red Rock...
The weekly wrap up of small cap mining news from Proactive.
Red Rock Resources says cashflow is key as Goldstone Resources transaction completes
Red Rock Resources PLC said generating cash flows was its focus as it updated on activities....
Investments and investor services
Nightmare week for Snoozebox as sleepless nights continue
It was a nightmare week for shareholders of portable accommodation company Snoozebox Holdings PLC
Investments and investor services
London still in red as Japan stimulus decision weighs
The Footsie was 70.7 points adrift by lunchtime, although Taylor Wimpey rallied after an update
GoldStone surges as Metal Tiger/Red Rock buy out Aussies
The consideration is £225,000, split equally between the AIM companies, with Metal Tiger paying in cash and Red Rock in new shares.
Thursday's most followed - Facebook, Avocet Mining, BHS and Goldstone Resources
In keeping with the nature of this column, social network giant Facebook (NASDAQ:FB) was a major focus today, but so too was UK State backed Lloyds (LON:LLOY), retailer BHS and the Fed.
Risers and Fallers - Stratex Resources, Goldstone Resources, RBS and Tlou Energy
Some risers and fallers in London at 1pm on Thursday....
Small-caps put on mixed show but Strategic Minerals gleams
Miner soars after taking step towards nickel mining in Australia
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Proactive news highlights: Breedon Aggregates, Ergomed, Mariana Resources ...
Strong order pipeline for Ergomed, Breedon Aggregates plans to address concerns and Mariana Resources withdraws from its Suriname gold project.
Aim stocks edge higher but REACT Energy tumbles on cash call fears
The Footsie was stuck in neutral all mornng but Aim shares were firmer on balance
Risers & fallers: Imaginatik PLC, Red Rock Resources PLC, Tengri Resources PLC, Orsu Metals Corp...
Main share price risers and fallers in London at 4pm
Stratex in emergency loan to Goldstone Resources
Goldstone has announced a series of cost-cutting measures and taken on a loan from a major stakeholder
Archive
Proactive news highlights - Allergy Therapeutics, Mosman Oil & Gas, PureCircle and Stratex
Looking outside it might seem too early, but hay fever vaccine specialist Allergy Therapeutics is preparing for summer. .