Miner Metals Exploration Plc (LON:PLC) has produced its first gold bar from the Runruno Gold project in the Philippines.
It said the first pour was part of the ongoing “test running and debugging” of the processing plant and associated operations.
Elsewhere, copper and gold explorer Metminco Limited (LON:MNC ASX:MNC) has tied-up a US$45mln farm–out of its Los Calatos project in Peru.
A binding terms sheet has been signed with natural resources fund CD Capital Fund III that will see the money received in 3 tranches to pay for pre-feasibility and feasibility studies over the next 3-4 years.
DiamondCorp PLC (LON:DCP) said its recent auction of stones was a success while operational bottlenecks appear to be close to easing.
The South Africa-focused company has raked in US$436,597 from diamond sales, while two of three underground dump trucks acquired in April that have now been refurbished.
In other news, Liberia-based gold miner Aureus Mining Inc (LON:AUE TSX:AUE) is to hand majority control to Turkish conglomerate MNG through a US$30mln share subscription.
Current chief executive David Reading will stand down, with a new management team from MNG appointed comprising Serhan Umurhan as chief executive and Geoff Eyre as chief financial officer.
Mkango Resources Ltd (CVE:MKA; LON:MKA) has added an Aim listing to its existing Venture Exchange listing, with the shares steady in early trade at 3.62p.
In the process Mkango also raised £1 mln.
Ormonde Mining (LON:ORM) moved into profit in 2015 helped by a gain on the sale of a majority of its stake in its flagship Barruecopardo tungsten project in Spain.
The Aim-listed junior booked a €3.4 mln gain on the sale, which was part of a US$100mln finance package agreed with Oaktree for the construction of a mine at site in Salamanca.