Modern Mining

Perseus Mining, listed on the ASX and TSX, has its updated Life of Mine Plan (LOMP) for its Edikan gold mine in Ghana, following a re-estimation of mineral resources and ore reserves. Independently estimated proved and probable ore reserves for Edikan total 56,5 Mt of ore, grading 1,14 g/t gold and containing 2 078 koz of gold as at 31 December 2016.

Hummingbird Resources, whose shares are quoted on AIM, has appointed Kevin Moxham as General Manager for the Yanfolila gold project in Mali.

In its report for the fourth quarter and year ended 31 December 2016, Randgold Resources says it increased production for the sixth successive year in 2016 while reducing total cash cost per ounce. With profit of US$294,2 million up 38 % on the previous year, the board has proposed a 52 % increase in the dividend to US$1,00 per share.

ASX-listed Lucapa Diamond Company and its partners Endiama and Rosas & Petalas have announced the recovery of a 227-carat diamond from the Lulo diamond project in Angola. Testing on a Yehuda colorimeter has confirmed the diamond is a premium-quality Type IIa D-colour gem.

Reporting on the quarter ending 31 December 2016, ASX-listed Resolute Mining says that the Syama underground mine is on track to deliver first development ore over the coming quarters and first production ore during the second half of 2018.

Golden Star Resources, listed on the NYSE MKT, TSX and the Ghana Stock Exchange, says it has achieved commercial production at its Wassa underground gold mine (Wassa Underground) in Ghana, effective January 1, 2017.

Contact Modern Mining

Title: Editor
Name: Arthur Tassell
Email: mining@crown.co.za
Phone: +27 11 622-4770
Fax: +27 11 615-6108

Title: Advertising Manager
Name: Bennie Venter
Email: benniev@crown.co.za
Phone: +27 11 622-4770
Fax: +27 11 615-6108

 
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