Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF) has said it remains on track to achieve its full-year production guidance with a stronger performance expected in the second half of the year as it reported first-quarter numbers.
The company produced 301,000 ounces (oz) of gold at an all-in-sustaining cost (AISC) of $1,022/oz in the first quarter of 2023.
Arrow Exploration Corp (TSX-V:AXL, AIM:AXL, OTC:CSTPF) told investors it has spud the Carrizales Norte-1 (CN-1) well at the Tapir Block in the Llanos Basin, Colombia.
Drilling will now proceed to the target depth of 9,205 feet, anticipated by mid-May, and after that it is anticipated that the well will undergo testing – with each test (per zone) taking around five days to complete.
Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL) has started the direct sale of gold produced from the Blanket Mine to a refiner outside Zimbabwe.
Under the new arrangement, refined gold held by Fidelity Gold Refinery (FGR) is now exported to a refinery outside Zimbabwe with the receiving foreign refinery undertaking the final refining process and selling the gold on behalf of Caledonia.
Seeing Machines Ltd (AIM:SEE, OTC:SEEMF) chief executive Paul McGlone described as ‘consistent and steady’ the performance of the driver monitoring specialist in the quarter to March 31.
He may be underplaying the company's progress, judging from its latest key performance indicators, which showed the number of cars on the road using its AI technology increased by 177% year-on-year to 874,851 units.