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Proactive weekly mining highlights: Trans-Siberian Gold, Ariana Resources, Caledonia Mining, Alien Metals...

Published: 09:30 21 Mar 2020 GMT

Trans-Siberian Gold -

Trans-Siberian Gold PLC (LON:TSG) shined on Friday as the miner said recent changes in commodity prices and foreign exchange movements will “impact positively” on its profitability, while its supply chains remained unaffected by the coronavirus outbreak.

Ariana Resources PLC (LON:AAU) forecast that 2020 gold production at its Kiziltepe mine in Turkey will be around 30% above its feasibility plan for this stage of the operational mine life at around 18,000 ounces of gold with an average grade expected to be at 2.5 grams per tonne.

Caledonia Mining Corporation PLC (LON:CMCL) reported 2019 revenue of US$75.8mln, up from US$68.4mln, as it produced 55,182 ounces of gold in 2019, up from 54,511 ounces the year before.

Alien Metals Ltd (LON:UFO) confirmed it has completed the acquisition of a 51% interest in the Hancock Ranges and Brockman iron ore projects in Pilbara, Western Australia.

Savannah Resources PLC (LON:SAV) is involved in advanced negotiations with several counterparties regarding offtake agreements, services and strategic partnerships for its Mina do Barroso project. 

Vast Resources PLC (LON:VAST) told investors that a second shipment of equipment is set to depart from Yangshan port Shanghai next Wednesday. 

Earlier in the week a ship containing equipment for use at the company’s Baita Plai polymetallic mine left port in China bound for Romania, where Vast said it was also putting in place all necessary precautions to adhere to the government of Romania's state of emergency guidelines and bring Baita Plai into production with minimal disruption.

Pan African Resources plc (LON:PAF) told investors that it is adapting its business in reaction to the covid-19 coronavirus.

The South Africa based gold producer said it has put in place a range of awareness, risk mitigation and prevention strategies have been rolled out across its business. Currently all operations continue to function as normal, the company added.

Horizonte Minerals PLC (LON:HZM)(TSE:HZM) remains well-funded to achieve its business goals, and has the financial stability to see out the ongoing uncertainty related to coronavirus, the company said. 

W Resources PLC (LON:WRES) has noted that the Extremadura region in Spain, where its La Parrilla tungsten mine operates, is one of the areas least affected by coronavirus in-country, while its operations are in full compliance with all confinement measures in the country.

Pensana Metals Ltd (ASX:PM8) has released assay results from a further 41 drill holes of the 7,000 metres infill and extension drilling program at the Longonjo Neodymium and praseodymium (NdPr) Project in Angola.

Salt Lake Potash Ltd (ASX:SO4) chief executive officer Tony Swiericzuk has purchased shares worth $128,733 in on-market transactions.

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