Yamana Gold (TSX:YRI) shares jumped over 5% after the company reported record gold production and cash flow for the fourth quarter of 2021 and raised its output forecast for 2023.
Production from Yamana’s mines totalled 281,388 gold equivalent ounces (GEO) in the final three months of 2021, significantly exceeding the company’s guidance of 270,000 GEO. Annual production of a record 1.01mln GEO was also above guidance of 1mln GEO.
Bens Creek Group PLC (AIM:BEN, OTC:BENCF), the owner of a metallurgical coal mine in North America, is to issue a second convertible loan note to raise US$6mln.
The terms of the convertible loan note (CLN) are broadly the same as the first convertible loan note issued by the company on 14 December 2021, apart from the conversion price, which is set at 40p per new ordinary share, and the rate of interest, which is reduced to 12% a year from 15%.
Ariana Resources PLC (AIM:AAU) has announced the dates for the second tranche of the company's special dividend next month and confirmed the third tranche will be proposed for shareholder approval at the annual general meeting in June.
The mineral explorer and developer said the second tranche of 0.175p per share will be paid on 25 March, with the ex-dividend date being 3 March 2022.
Pure Gold Mining Inc announced a series of executive appointments to boost operations at its PureGold gold complex.
The company is welcoming Terry Smith as its new COO and Bryan Wilson as vice president mine general manager.
Panthera Resources PLC (AIM:PAT) reported ‘highly encouraging’ drilling results from the Bassala gold project in Mali.
All targets tested as part of the Stage 2 Aircore drilling (AC) programme returned more than 100 parts per billion gold from 5 metre (m) composite samples, said the AIM-traded company.
Ariana Resources PLC (AIM:AAU) said gold was confirmed to be a significant component of the Klirou deposit within the Magellan project in Cyprus.
Ariana has a 50% stake in the project's owner Venus Minerals Ltd.
Anglesey Mining PLC (LSE:AYM) chief executive Jo Battershill told investors the company is making good progress at its Parys Mountain site in North Wales.
The minerals exploration and development group is advancing Parys – a copper, zinc, lead, silver and gold deposit – which is located at a historic mining site on the Isle of Anglesey.
Greatland Gold PLC (AIM:GGP, OTC:GRLGF) said a Newcrest Mining Ltd announcement today regarding resources and reserves for the Havieron gold-copper joint project used 5 February 2021 as a cut-off date for drilling information and that these figures had previously been released.
The Newcrest statement, released on ASX, restated figures contained within the Stage 1 South East Crescent pre-feasibility study (PFS) announced last October.
Future Metals NL (ASX:FME, AIM:FME) has received wide, shallow platinum-group-metal (PGM) assays from resource definition drilling at its wholly-owned Panton Nickel-PGM Project in northern Western Australia, adding more evidence to support the deposit’s bulk tonnage potential.
Assay results have been received from three of 52 holes, consisting of 19 new holes drilled by FME and 22 historic drill holes that were previously untested.
Power Metal Resources PLC (AIM:POW) has highlighted ‘major progress’ in Nevada where its majority-owned subsidiary Golden Metal Resources is continuing exploration efforts.
Golden Metal Resources, which is seeking a spin-out and IPO in London later this year, is exploring the Pilot Mountain, Golconda Summit, Garfield, Stonewall project in Nevada.
Tharisa PLC (LSE:THS, JSE:THA) has announced an agreement that sees it acquire the interests in the Tharisa Mine, in South Africa, held by black economic empowerment stakeholders which will instead receive share in the larger group.
The agreement sees the 26% interest in the Tharisa Minerals Proprietary Limited subsidiary held by BEE stakeholders acquired for US$25.6mln (ZAR 390mln) paid in Tharisa Plc shares.
Technology Minerals PLC (LSE:TM1) is expected to be profitable from next year, said broker Arden Partners (AIM:ARDN) as it initiated coverage of the battery metals recycling and exploration company with a ‘Buy’ recommendation.
Arden said it expects the company to generate earnings per share of 0.26p in 2023, jumping to 0.44p in 2024 and continuing to rise strongly thereafter.
Pan African Resources PLC (AIM:PAF, OTCQX:PAFRY, JSE:PAN, OTCQX:PAFRF) reported higher interim pretax profit helped by record gold production.
Pretax profit for the six months to end December 2001 climbed to US$61.6mln (£45.4mln) from US$60.0mln in the year-earlier period, while revenue rose 5.3% to US$193.6mln as higher gold sales outweighed a decline in the price it received for its gold.
Shanta Gold Ltd announced “outstanding” results from further drilling on its Isulu and Bushiangala deposits and encouraging results from its new Ramula target all within its West Kenya project.
The aim of the Phase 2 drilling programme is to covert resources into the higher indicated category at the Isulu and Bushiangala deposits.
Cobra Resources PLC (LSE:COBR), an exploration company advancing the Wudinna gold project in South Australia, said it raised gross proceeds of about £945,000 from a placing yesterday.
It placed 63mln shares at 1.5 pence each and will use part of the funds to finance exploration work this year.
Mila Resources PLC (LSE:MILA) told investors it has begun drilling at the Kathleen Valley Gold Project in Western Australia today.
The post-discovery gold exploration accelerator said initial drilling confirmed consistent and high-grade mineralisation, including a 10m wide zone of mineralisation with multiple 10g/t and higher of gold and silver grades at the Coffey deposit.
Red Rock Resources PLC (AIM:RRR) said copper and cobalt were found in a wide-spaced reverse circulation (RC) drill programme that has "greatly exceeded" expectations at the Luanshimba copper-cobalt project in the Haut-Katanga Province of the Democratic Republic of Congo.
As a result of 2,469m of drilling across 29 holes, Luanshimba, which is operated by 80% owned Congolese subsidiary Red Rock Galaxy SA, now has three named prospects: Kilembwe (18 holes), Luanshimba North (9 holes) and Luanshimba East (2 holes).
Rio Tinto PLC (LSE:RIO) said it agreed on a new management plan with Yinhawangka Aboriginal Corp to ensure the protection of significant social and cultural heritage values as part of the miner’s proposed development of the Western Range iron ore project in the Pilbara region of Western Australia.
The management plan is the result of strong collaboration over the past year between the Yinhawangka people and Rio Tinto and outlines protocols for joint decision making on environmental matters, mine planning and closure, it said.
W Resources PLC (AIM:WRES) produced 89.7 tonnes of tungsten concentrate (WO3) during the fourth quarter of 2021.
Five shipments were made during the period, four of tungsten concentrate and one of tin concentrate.
BHP Group Limited (LSE:BHP) announced a better-than-expected interim dividend and underlying earnings helped by higher sales prices across its major commodities and a strong operational performance.
Underlying profits (EBITDA) jumped 33% to US$18.5bn (£13.7bn) for the six months to end December 2021 as revenue grew 27% to US$30.5bn.
Britishvolt, an investor in battery cell technologies, said it hopes to raise £200mln in a new round of funding to develop its UK gigafactory.
The series C fundraising, which was open to existing and institutional investors, is to generate funds to further develop the company's Northumberland gigaplant site as well as expand the company’s research and development capabilities.
Ferrexpo PLC (LSE:FXPO) said it permanently appointed Jim North as chief executive officer (CEO) with immediate effect.
North was named acting CEO in May 2020. Prior to that, he was the chief operating officer for the third-largest exporter of high-grade iron ore pellets to the global steel industry.
Altus Strategies PLC (AIM:ALS, TSX-V:ALTS, OTCQX:ALTUF) said it intersected a significant gold zone at the Lakanfla Central prospect on the Lakanfla licence in western Mali.
The results from one drill hole at Lakanfla Central intersected 1.23 grammes per tonne (g/t) of gold over 127 metres (m) from a depth of 21m, including 2.53 g/t gold over 14m.
Power Metal Resources PLC (AIM:POW) has been granted all the licences it applied for at the Selta rare earths and uranium project in Northern Territory, Australia.
“Power Metal acquired the Selta project to secure a strategic positioning in this highly prospective REE and uranium area in the Northern Territory of Australia,” said Power’s chief executive Paul Johnson.
Cornish Metals Inc (AIM:CUSN, TSX-V:CUSN, OTC:SBWFF) has reached an agreement with Sir Ferrers Vyvyan of Trelowarren in Cornwall to lease certain mineral rights owned by the Vyvyan family.
The mineral lease covers an area of 222 hectares and is valid for 25 years. The lease will enable Cornish Metals to explore and mine within all the mineral right areas owned by the Vyvyan family inside the South Crofty Underground Permission Area, and explore certain other mineral right areas adjacent to the South Crofty property.
Cloudbreak Discovery PLC (LSE:CDL) has summarised the progress it’s made since listing on the London Stock Exchange in June 2021.
Investors in Cloudbreak have exposure to in excess of C$5mln of exploration expenditures that will be incurred by the company’s partners in the coming 12 months.
Glencore PLC (LSE:GLEN) is returning US$4bn to shareholders following an 84% rise in profits for 2021, driven by record high prices for many of its commodities.
The miner posted underlying profits (adjusted EBITDA) of US$21bn for the year to 31 December 2021, compared with US$11.5bn the year before, on revenue up 43% at US$203.7bn.
Bradda Head Lithium Limited (AIM:BHL, OTCQB:BHLIF) said it has been given drilling permission to conduct geochemical testing of the brine at its Wilson Flat project in Nye County, Nevada.
The newly permitted drilling is designed to test promising features identified in exploration work undertaken in 2016 to 2017.
QMines Ltd (ASX:QML) has become one of only three ASX-listed resources companies to achieve certified carbon neutrality for its business operations.
The company’s carbon-neutral certification is endorsed by the Australian Government’s voluntary Climate Active program, which requires independent carbon auditing.
Sunstone Metals Ltd (ASX:STM) has completed the sale of its joint venture interest in the Finnish Lithium Project.
STM received A$460,000 in cash and 871,803 shares in Canadian Securities Exchange-listed United Lithium Corp., with a value of around A$480,000 at the current ULTH share price.
Castillo Copper Ltd (LSE:CCZ, ASX:CCZ) has discovered four shallow zones of cobalt mineralisation, hosted within the East Zone of the Broken Hill Alliance (BHA) Project – a combination of two project tenures adjacent to the town of Broken Hill – with legacy coding and analysis of 6,182 historic drill cores from the area.
Said coding is now 70% complete, the data from which will soon be used to model a JORC mineral resource estimate focused on cobalt mineralisation with potential for base metal credits.
Eurasia Mining PLC (AIM:EUA) in a statement told investors that it has incorporated a 100% beneficially owned subsidiary, Kola Mining LLC to carve out the company’s PGM assets into a separate entity.
The subsidiary separates PGMs from the group’s core nickel interests.
Neometals Ltd (ASX:NMT), a company looking to produce minerals and materials from recycling and recovery, said it plans a dual listing on London’s Alternative Investment Market in addition to its existing listing on the Australian Securities Exchange.
The shares are set to start trading on AIM on February 28.
Kodal Minerals PLC (AIM:KOD) said it continued to make progress on the development of the Bougouni lithium project, following a site visit last month, and also reported wide intersections of gold mineralisation from drilling at the Fatou gold project.
“During the site visit to Mali in January, meetings were held with the Minister of Mines to discuss our upcoming work and development programme,” said chief executive Bernard Aylward. “Kodal continues to receive strong support from the Mali government and regional officials for the development of a new lithium mine in the Bougouni region."
Shanta Gold Ltd said construction at the Singida gold project in Tanzania was progressing on schedule and in line with capital spending expectations.
“Several major project milestones have now been completed on site with construction now 45% complete and a clear path to realising first production within the next 12 months,” said chief executive Eric Zurrin.
Power Metal Resources PLC (AIM:POW) has completed its latest round of drilling at the Haneti project in Tanzania.
A total of 900.04 metres was completed across three drill holes as planned.
Altus Strategies PLC (AIM:ALS, TSX-V:ALTS, OTCQX:ALTUF) has extended the repayment date for its loan facility with La Mancha Fund to 30 June 2022.
The annualised interest rate of the facility has been increased from 9% plus US$ LIBOR to 10%.
Caracal Gold PLC (LSE:GCAT) said it raised £2.0mln before expenses via a placing and that it will use the proceeds to fund the accelerated development at its Kilimapesa gold mining and processing operations in Kenya.
The East African focused gold producer placed 177mln new shares at 1.12 pence each, slightly above the company’s closing share price of 1.10 pence on Friday.