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--Company Update-- GOLDPLAT PLC, the AIM listed Mining Services Group, with international gold recovery operations located in South Africa and Ghana, servicing the African and South American Mining Industry, announces a Q3 operational update. The two recovery operations achieved a combined operating profit for the quarter of £1,618,000 (excluding listing and head office costs and foreign exchange losses) which represents a 10% increase against Q3 in the previous period (Q3 2023 - £1,470,000). Werner Klingenberg, CEO of Goldplat comments: "The Group continues to benefit from engagements and marketing efforts over the last five years and we aim to build on the momentum into West Africa and South America, although the regulations governing the export of gold bearing by-products out of certain regions remain a challenge. The requirements and approval of the water use license for installation of pipeline to DRD Gold remain a major focus for the Group, whilst we continue to strengthen our relationships, review various cost elements, and increase market share in a declining gold market in South Africa." RNS for more: https://lnkd.in/dkcvtHnz === Cc Tim Thompson #GDP

Far East Gold Ltd (ASX:FEG, OTC:FEGDF) strategic investor Xingye Gold (Hong Kong) Mining Company Limited has received all necessary Chinese regulatory approvals to release the first placement tranche funds to FEG with almost A$6.4 million received by the company. This is part of a three-tranche conditional share placement agreement by Xingye Gold, a wholly-owned subsidiary of Inner Mongolia Xingye Mining Co.,Ltd, targeting an investment of more than A$14 million for a 19.99% strategic stake in Far East Gold. The first tranche totals A$6,391,669.60 and all tranches are priced at A$0.20 per share, representing a 47% premium to the company’s recent placement and share purchase plan. More at #Proactive #ProactiveInvestors #ASX #FEG #GoldMining #GoldStocks #MiningAustralia http://ow.ly/pN7N105OytU

🔔 Equinox Pours First Gold at Greenstone Mine in Ontario 🔔 🌟 A Milestone for Gold Mining in Canada 🌟 Equinox Gold (TSX: EQX) has poured the first gold at its new Greenstone mine near Geraldton, Ontario, producing 1,800 ounces. Greg Smith, Equinox's CEO, commented: "We look forward to ramping up to commercial production in the third quarter of this year and delivering sustained value to all our stakeholders." The Greenstone mine aims to reach 90% of its plant's 27,000 tonnes per day capacity by the end of 2024. Production in 2025 is expected to be 199,000 ounces at a cost of $879/oz in the second half of the year. At full capacity, the mine will produce approximately 400,000 ounces annually during its first five years and 360,000 ounces annually over the 14-year life of the mine. In April, Equinox acquired the remaining 40% of the mine from Orion Mine Finance for approximately C$1.4 billion ($995 million) in cash and shares. https://lnkd.in/eQAxqTA8 What do you think the successful pouring of the first gold at Greenstone Mine signifies for the future of gold mining in Canada and its impact on local communities? #Lithium#gold #paneldiscussion #criticalminerals #evcharging #energytransition #cobalt #nickel #graphite #ESG #mining#Mining #Digitalization #SustainableEnergy #TalentManagement #Efficiency

Coverage stock Auric Mining Limited (ASX:AWJ) is a gold story that is worth keeping an eye on, as it enjoys a gradual market re-rating based on its appeal as a relatively low-risk, fully-funded growth situation. AWJ is a junior gold explorer and producer, with a portfolio of projects that are situated within the prolific Eastern Goldfields of Western Australia – comprising Jeffreys Find, Widgiemooltha and Spargoville. The company’s relatively low-risk incremental growth strategy is based upon self-sustaining development at each of its planned gold operations. By the end of 2023, Stage One mining had been completed at Jeffreys Find, with 9,741 ounces of gold sold for $29.28 million in gross revenue (from 175,865 tonnes processed), generating a net cash surplus of $9.53 million (of which AWJ’s 50% share was $4.77M). Stage Two mining at Jeffreys Find will commence this week, with the aim of extracting a minimum of 300,000 tonnes of ore (70% more than Stage One). AWJ held $4.5M in cash reserves at the end of 2023. By being prepared to retain a 50% stake in Jeffreys Find project net cashflows, AWJ has avoided the time, complexity and costs of mobilizing equipment and hiring contractors independently, as well as eliminating the requirement for it to fund its proportionate share of working capital for the project. With BML handling the mining operations, AWJ can realise returns from Jeffreys Find far quicker than if it was running the project on a stand-alone basis. This has also enabled AWJ to take full advantage of the strong A$ gold price environment and also enables AWJ to focus on moving its second project, Munda, towards production, in late 2024/early 2025. #gold #equities #commodities #resources #mining #ausbiz

Coverage stock Auric Mining Limited (ASX:AWJ) is a gold story that is worth keeping an eye on, as it enjoys a gradual market re-rating based on its appeal as a relatively low-risk, fully-funded growth situation. AWJ is a junior gold explorer and producer, with a portfolio of projects that are situated within the prolific Eastern Goldfields of Western Australia – comprising Jeffreys Find, Widgiemooltha and Spargoville. The company’s relatively low-risk incremental growth strategy is based upon self-sustaining development at each of its planned gold operations. By the end of 2023, Stage One mining had been completed at Jeffreys Find, with 9,741 ounces of gold sold for $29.28 million in gross revenue (from 175,865 tonnes processed), generating a net cash surplus of $9.53 million (of which AWJ’s 50% share was $4.77M). Stage Two mining at Jeffreys Find will commence this week, with the aim of extracting a minimum of 300,000 tonnes of ore (70% more than Stage One). AWJ held $4.5M in cash reserves at the end of 2023. By being prepared to retain a 50% stake in Jeffreys Find project net cashflows, AWJ has avoided the time, complexity and costs of mobilizing equipment and hiring contractors independently, as well as eliminating the requirement for it to fund its proportionate share of working capital for the project. With BML handling the mining operations, AWJ can realise returns from Jeffreys Find far quicker than if it was running the project on a stand-alone basis. This has also enabled AWJ to take full advantage of the strong A$ gold price environment and also enables AWJ to focus on moving its second project, Munda, towards production, in late 2024/early 2025. #gold #equities #commodities #resources #mining #ausbiz

Zimbabwe’s state-owned Kuvimba Mining House  is actively seeking equity partners and financiers to bolster capital for its gold and lithium mining projects. Managing Director Patrick Maseva-Shayawabaya revealed the company’s plans during a recent tour of the Freda Rebecca gold mine, located approximately 97 kilometres (60 miles) north-east of the capital, Harare. Kuvimba is considering selling a 40% stake in the Shamva Gold Mine, one of Zimbabwe’s oldest mining establishments. However, Maseva-Shayawabaya emphasised that the company is not looking to relinquish a majority shareholding in the venture. “We could accept someone who could take a big chunk (of shareholding in Shamva) but not a majority stake,” he stated. The discussions are still in preliminary stages, and specific partnership structures have yet to be determined. To read the full article follow this link: https://lnkd.in/gfiWhxGe #NewsUpdate #LatestNews #DailyNews #TopStories #LocalNews #CityNews #WorldNews #InternationalNews #GlobalNews #Politics #PoliticalNews #Government #Elections #BusinessNews #Economy #MarketUpdate #FinanceNews #TechNews #TechUpdate #Innovation #EntertainmentNews #CelebrityNews #MovieNews #MusicNews #SportsNews #SportsUpdate #LiveScores #GameDay #HealthNews #Wellness #MedicalNew #HealthUpdate #Environment #ClimateChange #Sustainability #GreenNews #LifestyleNews #TravelNews #FoodNews

Canadian Miner IAMGOLD Corporation (NYSE: IAG) (TSX: IMG) Goes for the Gold with Second Quarter Results Investorideas.com- News that inspires big investing ideas #gold #goldmining #miningstocks #miningnews   August 9, 2024 (Investorideas.com Newswire) Investorideas.com (www.investorideas.com), a go-to platform for big investing ideas, including mining stocks reports on trading for IAMGOLD Corporation (NYSE: IAG) (TSX: IMG, an intermediate gold producer and developer based in Canada with two operating mines: Essakane (Burkina Faso) and Westwood (Canada). The Company also owns Côté Gold (Canada), a large-scale, long-life mine that has commenced production March 31, 2024 (together referred to as continuing operations). The Company has an established portfolio of early stage and advanced exploration projects within highly prospective mining districts in Canada.) The stock is trading up following reporting its financial and operating results for the second quarter ended June 30, 2024. The stock is currently trading at $5.85, up 0.77, gaining 15.16%, making it one of the top percentage gainers on the TSX.

Caledonia Mining (CMCL) Corporation PLC (AIM:CMCL, NYSE-A:CMCL) declared a quarterly dividend of US$0.14 per share as it reported a robust performance of Zimbabwe's Blanket mine in 2023, with cash flows improving in the second half. The dividend was kept the same level as the prior year even though, as revealed in a trading update at the start of this month, production was in line with expectations but one-off costs took the edge off profits. Chief executive Mark Learmouth said: “We continue to see Blanket as the solid foundation for growth as we pursue our strategy to become a multi-asset gold producer.” Following encouraging underground exploration restarted during the year, he said a revised resource statement is planned to be published in the second quarter of 2024 that incorporates an increase in Blanket's life-of-mine. More at #Proactive #ProactiveInvestors #CaledoniaMiningCorporation #mining #blanketmine http://ow.ly/eBFZ105nCTt

Strong gold prices supported a surge in Caledonia Mining (CMCL) Corporation PLC (AIM:CMCL, NYSE-A:CMCL)’s gross revenues in the second quarter of $50.1 million, a substantial increase from $37 million in the same period last year. Gross profit more than doubled to $22.9 million, reflecting both the increased revenue and lower production costs. During the quarter, Caledonia's Blanket Mine produced 20,773 ounces of gold, marking a 19.1% increase compared to the second quarter of 2023. The on-mine cost per ounce decreased slightly to $906, while the consolidated all-in sustaining cost (AISC) dropped by 7.7% to $1,253 per ounce. Caledonia also made progress with its Bilboes Sulphide Project, publishing a preliminary economic assessment that forecasts a production of 1.5 million ounces of gold over a 10-year mine life at an AISC of $968 per ounce. More at #Proactive #ProactiveInvestors http://ow.ly/x8J7105F7yI

Alamos Gold expands in the Canadian mining space through the acquisition of Argonaut Gold's Magino mine, located next to the Island Gold operation in Dubreuilville, Ontario. This is expected to create immediate and long-term synergies between the mines. By combining these two operations, Alamos Gold is projecting production of over 400,000 ounces of gold annually, and would establish it as Canada's third-largest gold producer.