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Mining round-up: Discovery Metals, Patagonia Gold, Karelian ...

Wed, 10th Nov 2010 16:31

Shares in Discovery Metals picked up at it reported a successful drill test of the newly discovered Ophion exploration target, located 40 km southwest of the Zeta deposit at the Boseto Copper Project. Initial results confirmed that Ophion is mineralised at depth, Discovery said, with follow-up drilling over the full 12km strike length of the Prospect. Follow-up drilling is planned to commence before the end of 2010. The company also today placed 45.3m shares at A$1.12 per share.Patagonia Gold reports the construction of the 50,000 tonne heap leach pad at the Lomada de Leiva Project is progressing ahead of schedule with the completion of earthworks and civils. Subject to successful leaching and additional permitting, further loading and production from the first stage heap leach will continue until the main 5m tonne heap leach project is fully operational, scheduled for Q4 2011Central African Gold (CAG) said its parent company New Dawn Mining has announced a placing of more than 4m shares to raise C$7.5m. Proceeds will be used to advance gold production and mine development, funding the working capital requirements of CAG at its operations in Zimbabwe.Karelian Diamond Resources has been awarded licences for two kimberlite bodies in eastern Finland. Drilling by previous operators showed levels of kimberlite, a type of potassic volcanic rock that can contain diamonds.Newly AIM-listed West Africa-based miner Paragon Diamonds has announced a proposed joint venture with Virgin Islands-registered International Diamond Consultants (IDC). Paragon will spend $2m on the Lemphane kimberlite mine in Lesotho, which is owned by IDC's 85% owned subsidiary Meso Diamond. In return, Paragon will receive a 10% stake in Meso Diamond. In addition to the interest in Meso, Paragon will also obtain an option over 5% of IDC's share capital at a value of $0.60 cents per share. If fully exercised this would result in Paragon stumping up around $1,2m, based on the current issued share capital of IDC.
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23 Jan 2014 15:39

DIRECTOR DEALINGS: Patagonia Gold Finance Director Exercises Options

LONDON (Alliance News) - Patagonia Gold PLC Thursday said Finance Director Gonzalo Tanoira exercised options over 1.3 million shares at an exercise price of 8 pence per option. Following the deal, Tanoira holds 8.4 million shares, or 0.981% of the company's entire shareholding. Patago

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18 Nov 2013 09:59

Patagonia Gold Achieves Scheduled Production Target At Its Lomada Mine

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24 Sep 2013 16:44

Regenersis CFO tops up stake as results impress

Jog Dhody, the Chief Financial Officer of Regenersis, on Tuesday acquired 39,000 ordinary shares in the outsourcing partner on the same day it posted "a strong financial performance and good growth" for the year ended June 30th. Dhody bought the shares a price of 255p per share, spending a total o

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24 Sep 2013 10:46

DIRECTOR DEALINGS: Patagonia Directors Buy Shares

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13 Sep 2013 11:45

UK Winners & Losers: Verdes Management Shares Soar, Airlines Dive

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12 Sep 2013 09:25

Patagonia Gold Narrows Losses On Reduction In Exploration Costs

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5 Sep 2013 08:39

Patagonia Gold To Fast Track La Manchuria Site Into Production By 2015

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7 May 2013 16:19

Telecity CEO sells shares as update impresses

Michael Tobin, the Chief Executive Officer of data centre operator Telecity, has sold 124,105 shares following the exercise of options over 125,105 shares, taking his stake to 666,000. The shares were traded in at 949.50p each, earning the director in the region of £1.18m. The deal was made on t

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7 May 2013 11:38

Patagonia Gold advances on Lomada de Leiva progress

AIM-listed mining company Patagonia Gold has completed preparation works for the expansion of a trial heap leach pad and reported that loading of mineralised material, irrigation and production of gold is in progress at its Lomada de Leiva Mine. The mine, which is located approximately 40km southea

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13 Mar 2013 10:56

Patagonia Gold completes 9.4m dollar fundraise for Cap-Oeste

AIM-listed Patagonia Gold has unveiled a progress update on its Lomada de Leiva and Cap-Oeste projects in the Santa Cruz Province of Argentina. The mining company reported that its Lomada main heap leach project was on target to achieve full operational status by late in the second quarter of 2013

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12 Mar 2013 09:14

Patagonia Gold's Chief Financial Officer resigns

Patagonia Gold on Tuesday announced the resignation of Philip Yee as Chief Financial Officer. Yee will step down in May to take a new position as Vice President and Chief Financial Officer with another mining company in Canada. Gonzalo Tanoira, the Financial Director of Patagonia Gold, will succee

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7 Mar 2013 15:42

Admiral Group Chairman trades in 100,000 shares

Alastair Lyons, the long-standing Chairman of Admiral Group, the non-life insurance giant, reduced his stake by 100,000 shares in the wake of a strong set of full year results. In a sale made on behalf of his wife, Lyons disposed of the shares at 1,314p each, shrinking his holding to 392,152 share

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27 Feb 2013 10:03

Patagonia Gold raises gross proceeds of 6.2m pounds

Patagonia Gold has raised gross proceeds of approximately 6.2m pounds through a subscription of 41.2m new ordinary shares of 1p each in the company, each at a price of 15p per subscription share. The issue price represents a discount of approximately 3.23% to the closing middle market price of 15.

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10 Jan 2013 08:39

Pantagonia Gold's Chairman hangs up his hat

Patagonia Gold's Chairman Sir John Craven has retired after eight years on the board, the mining exploration company said Thursday. The AIM listed company announced Deputy Chairman Carlos Miguens has taken over from Craven who stepped down Wednesday. "On behalf of the Board, my family and myself,

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22 Nov 2012 08:07

Patagonia Gold gets green light for Argentinian project

AIM-listed gold miner Patagonia Gold has received a 'full and final permit' to start producing at its Lomada de Leiva gold project in Santa Cruz, Argentina. "We are very pleased to have achieved this important milestone for our company," said Chairman Carlos Miguens. "We would like to thank the Go

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