Arrow Exploration Corp (TSX-V:AXL, AIM:AXL, OTC:CSTPF) announced that its Rio Cravo Este-2 well in Colombia has spudded.
In a wide-ranging update on the firm’s activities, CEO Marshall Abbott told shareholders that the news came at an “exciting time” for Arrow.
Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF) has told investors it will soon launch the construction of its Sabodala-Massawa expansion project in Senegal, supported by a recently completed definitive feasibility study (DFS).
The West African gold producer said the DFS recommends the expansion of the Sabodala-Massawa complex by supplementing the current 4.2 million tonnes per annum (Mtpa) carbon-in-leach (CIL) plant with a 1.2 Mtpa BIOX plant to process the high-grade refractory ores from the Massawa Central Zone and Massawa North Zone deposits, with first gold production expected in early 2024.
Gold producer Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL) is making a pay-out of 14 US cents a share for the first three months of the year.
In 2021, the shareholder distribution totalled 50 cents, up 50% year-on-year.