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Aureus Mining wins more time at New Liberty

Wed, 01st Jun 2016 14:08

(ShareCast News) - West African gold producer Aureus Mining announced a fresh deferral to its debt repayments on Wednesday, allowing it more time to get its gold processing plant running.The AIM and TSX-traded firm said it has received approval from Nedbank, Rand Merchant Bank and the Export Credit Insurance Corporation of South Africa to further defer its first debt repayment to 30 June."Mining operations remain ongoing at New Liberty, and the company continues towards its objective of achieving a controlled start-up of the gold processing plant, with plant modifications and remediation measures to optimise the detoxification circuit nearing completion," the company's board explained in a statement."The company is continuing to maintain a close working relationship with both the Ministry of Lands, Mines and Energy and the Environmental Protection Agency of Liberia, and fully expects to receive approval to recommence processing operations in the coming days."Aureus Mining said it would inform the market as soon as processing begins.
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15 Apr 2014 08:08

Tuesday broker round-up UPDATE

APR Energy: Goldman Sachs reduces target price from 1165p to 1039p, while upgrading to buy. Aureus Mining: FinnCap places its target price (prev.: 175p) under review and keeps its buy recommendation . Al Noor Hospitals: Jefferies increases target price from 1065p to 1155p and maintains a buy recom

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15 Apr 2014 08:06

Aureus Mining Enters Agreements To Raise GBP15.6 Million

LONDON (Alliance News) - Aureus Mining Inc Tuesday said it has entered into an underwriting agreement with GMP Securities LP, Clarus Securities Inc and Numis Securities Ltd to raise gross proceeds of GBP9 million while International Finance Corp is planning a separate investment of GBP6.6 million

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15 Apr 2014 07:50

UK MORNING BRIEFING: Aggreko Leads After Mixed Results

LONDON (Alliance News) - Aggreko is leading the FTSE 100 in early trading Tuesday after the temporary power company said it has seen mixed results in its first quarter, with strong underlying revenue growth in two of its three regions being impacted by adverse currency movements as previously exp

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7 Apr 2014 10:19

Monday broker round-up UPDATE

Abcam: Canaccord Genuity lowers target price from 386p to 375p, while upgrading from sell to hold. Aberbdeen Asset Management: Credit Suisse ups target price from 415p to 440p and stays with its neutral rating. AO World: Jefferies initiates with a target price of 410p and a buy recommendation. JP

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7 Apr 2014 09:59

Aureus Mining Says Ndablama Drilling Has Further Extended Mineralisation

LONDON (Alliance News) - Aureus Mining Inc Monday said further drilling at its Ndablama gold project had expanded the mineralised system at the site. In a statement, the company said it now has an additional eleven diamond drill hole results from the phase four drilling programme at the sit

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18 Mar 2014 12:22

Aureus Mining On Track With New Liberty Ball Mill Construction

LONDON (Alliance News) - Aureus Mining Inc Tuesday said it had completed pouring the concrete for the ball mill foundations at the process plant at its New Liberty gold project in Liberia and that the overall construction schedule remains on track to deliver the first gold pour in the first quart

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7 Mar 2014 09:39

Friday broker round-up UPDATE

AGA Rangemaster: N+1 Singer ups target price from 175p to 192p and maintains a buy recommendation. Aggreko: JP Morgan lowers target price from 1542p to 1536p and maintains a neutral rating. Goldman Sachs increases target price from 1876p to 1950p and keeps a buy recommendation. Numis upgrades to re

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6 Mar 2014 13:10

Aureus Mining Net Loss Widens In 2013 On Costs, Impairment

LONDON (Alliance News) - Aureus Mining Inc Thursday said its net loss widened in its full year as legal fees, expenses and a large impairment hit the company. The gold-mining company, with operations in Liberia and Cameroon, said its pretax loss widened to USD7.4 million in 2013 from USD5.9

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31 Jan 2014 16:34

DIRECTOR DEALINGS: Aureus Mining Non-Executive Exercises Options

LONDON (Alliance News) - Aureus Mining Inc Friday said non-executive director Luis Da Silva exercised options over 187,500 shares at an exercise price of 17 pence per share. Following this transaction, Da Silva holds 288,326 shares, which represents 0.11% stake in the firm. Shares in

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27 Jan 2014 11:50

Aureus Mining Confirms Extension Of Mineralisation At Ndablama

LONDON (Alliance News) - Aureus Mining Inc Monday said it has found mineralisation following ten drill tests at the Ndablama Gold Project in Liberia. The gold-mining company, with operations in Liberia and Cameroon, said the first ten drill holes from phase four drilling at the site include

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17 Dec 2013 18:32

First gold from Aureus Liberia pushed back to 2015

MONROVIA, Dec 17 (Reuters) - London-listed gold firm Aureus Mining will pour first gold at its Liberia project in the first quarter of 2015, the company said on Tuesday, slightly later than previously forecast. Once operational, the New Liberty gold project is set to produce 120,000 ounces

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17 Dec 2013 10:59

STOCKS NEWS EUROPE-FTSE AIM index weak, Angle outperforms

Junior-listed AIM shares fall 0.4 percent, lagging the FTSE Small Cap index and the midcaps, up 0.2 percent and 0.1 percent respectively. Specialist medtech company Angle climbs 4.5 percent after receiving CE Mark authorisation - an indication of a product's compliance with European Union l

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10 Dec 2013 11:41

STOCKS NEWS EUROPE-UK small caps up 0.3 pct into mid-session

The FTSE small cap index is up 0.3 percent into mid-session, outperforming the slightly weaker junior-listed AIM shares and the 0.2 percent gain on the blue chips. PeerTV drops 26.7 percent after the provider of technology solutions for the TV over the internet market says that the repaymen

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2 Dec 2013 16:02

Aureus Mining's New Liberty on track for first gold in 2015

Aureus Mining said it was on track to produce its first gold from a scheme in Liberia in the first three months of 2015. Aureus said it had made significant progress this year in developing its New Liberty gold project in the company's wholly owned Bea Mountain mining licence. Building and infrast

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26 Nov 2013 12:42

Aureus Mining Awards DRA Mineral Projects Key Contract In Liberia

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