Oil majors drag London market down as crude prices fall
Precious metal miners lost their twinkle as commodity prices fell
Company
Xtract Resources PLC
LON:XTR
Xtract Resources (AIM: XTR) is a resource, development and mining company whose focus is and will be to acquire brown field resource projects with a view to release value for its shareholders. The projects targeted will be in regions where mining and infrastructure is prevalent and the mining regulations transparent.
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Investments and investor services
Risers & Fallers: African Potash, Adgorithms, Smiths, Coca Cola, Morgan Sindall, Standard Life...
African Potash was a big gainer after signing a deal with Comesa - a free trade union of twenty African countries.
Xtract Resources finds another new gold system at Chepica
This new find, Reef System B, follows the earlier discovery of a reef system
Investments and investor services
Most followed: Falcon Oil, Kalibrate, Mariana, Motif, Metal Tiger, Motive TV, Noricum, Oilex ...
Time to dig out that Spandau Ballett 45, as there is lots of news from the gold sector today
Xtract Resources buoyed by latest find at Chepica project
Xtract Resources' Chepica gold and copper project continues to show its potential...
Archive
London market falls on Greek uncertainty and manufacturing decline
Rising industrial production masks falling manufacturing output
Investments and investor services
Most followed: China, Greece, Kainos Group, Smith's Group, Xtract Resources
Greece and China continue to make investors nervous.
Test results from Fair Bride ore underlines project's credentials, says Xtract
Fair Bride could boost Xtract's gold production in the relatively near term
Most followed: China, Greece, Smiths Group, Xtract Resources, Kainos Group
Go to Hellas with a hand-basket is the advice if you are on prescription drugs.
Proactive mining summary including Ariana, Sirius, Xtract, KEFI, Savannah, Metal Tiger and more
There was a lot of news in the small cap mining sector this week.
Archive
Proactive news summary: Active Energy, China Nonferrous, Centralnic, Egdon, Europa, GKP, Galasys ...
While the world’s stock markets fretted over a possible exit from the Eurozone by Greece, life went on much as normal for the small caps.
UPDATE - Xtract Resources buys Mozambique prospect for US$12.5mln
A scoping study carried out earlier indicated revenues from the mine of US$55mln annually based on 50,000 ounces per year of gold production.
Archive
Proactive news summary: Xtract Resources, Wolf Minerals, ValiRx, Trap Oil, Sula Iron & Gold ...
Lekoil was boosted by the chief executive topping up his holding but there was some grim news elsewhere from the oil sector.
Confident Xtract Resources says Chepica will exceed forecasts
Quarterly revenue from the third quarter onwards should comfortably exceed the earlier estimate of US$1.2mln per quarter,
Investments and investor services
Market movers: ReNeuron, Cap-XX, Creightons, Rambler, Gemfields, Styles & Wood
Investors were still buying in after Styles & Wood reported a tripling of underlying profit before tax for 2014 on Friday.
Proactive weekly mining news summary: Xtract, Mariana, Medusa, Obtala, Hummingbird and more
Beating expectations this week was Xtract Resources after it announced its Chepica mine returned to profitability in May, at least three months ahead of schedule.
Investments and investor services
Proactive news summary: Alba Mineral, Caledonia Mining, Doriemus, ECR Minerals, Egdon, Europa Oil...
Plenty of scope for confusion today, with similarly named companies vying for attention with UK onshore oil developers.
Xtract's Chepica mine makes profit three months ahead of schedule
The gold and copper miner reckoned, earlier this month, that the Chepica mine in Chile was three months away from profitability.