News And Announcements
Edenville loss widens after challenging year
Edenville Energy's annual loss widened as costs vastly outstripped revenue in what the mining company described as a challenging year.
ECR Minerals pleased with progress at Creswick Project
ECR Minerals updated the market on a recent site visit undertaken by its chief executive officer at the Creswick Project in Victoria, Australia on Friday, reporting that the internal modelling undertaken by its technical team had identified that the Dimocks Main Shale at the Creswick Gold Project was - subject to further exploration and positive drill results - potentially large enough to host a multi-million ounce gold deposit;.
Avesoro files updated technical report on Youga Gold Mine
Avesoro Resources announced on Friday that it has filed an updated technical report under National Instrument 43-101, relating to its Youga Gold Mine in Burkina Faso.
US existing home sales rise more than expected in May
Sales of US existing home sales rose more than expected in May, according to data from the National Association of Realtors.
Angle upbeat on recent cancer research results
Liquid biopsy company Angle announced on Friday that the University Medical Centre Hamburg-Eppendorf (UKE) cancer centre has published results of work demonstrating that its ‘Parsortix’ system can be used as a liquid biopsy to investigate programmed death-ligand 1 (PD-L1) status in non small cell lung cancer (NSCLC) patients.
Former Barclays CEO John Varley acquitted of fraud charges
Former Barclays chief executive John Varley was acquitted by a London appeals court on Friday of charges of conspiracy to commit fraud by false representation.
WPP sells post-production services company The Farm Group
WPP has sold post-production services company The Farm Group to Los Angeles-based Picture Shop for an undisclosed sum.
Premier African Minerals gets cash injection through convertible loan note
Premier African Minerals has issued a convertible loan note for $0. 35m with Regent Mercantile Holdings, it announced on Friday.
Moody's reduces Fresnillo outlook to 'stable'
Moody's has reduced its outlook on Fresnillo's debt to 'stable' from 'positive' citing negative free cash flow expectations and the company's exposure to Mexico.
Lloyds Bank fined £45.5m over HBOS Reading fraud scandal
Bank of Scotland was on Friday fined £45. 5m by the Financial Conduct Authority for failing to disclose information on the £245m fraud scandal at the its Reading branch.
SolGold jumps after Ecuador's constitional court strikes down proposed referendum on mining
Shares of gold and copper miner SolGold jumped at the end of the week after Ecuador's constitutional court rejected a proposal for a referendum on mining in various provinces in the South American country in which the outfit operates, even if on technicalities.
FairFX gets broker licence
FairFX has been given permission by the Financial Conduct Authority to provide credit facilities acting as a broker.
IQE warns on FY revenue as Huawei ban takes its toll
IQE warned on Friday that full-year revenue will come in below market expectations amid "uncertain" market conditions, as US restrictions on China's Huawei take their toll on other companies.
Westminster Group agrees JV with Saudi Arabia's Hazar
Westminster Group has entered into a joint venture agreement with Saudi Arabia's Hazar International.
Domino's Pizza says Andrew Rennie 'committed' to European role
Shares in Domino's Pizza slumped on Friday after the company denied speculation that Andrew Rennie, the chief executive for Europe, was set to take over from UK and Ireland CEO David Wild.
Bushveld Minerals reports maiden mineral resource for Brits project
Vanadium producer Bushveld Minerals provided a maiden mineral resource estimate for the Brits Vanadium Project, located on Portion 3 of the Uitvalgrond 431 JQ farm near the town of Brits in the North West Province of South Africa on Friday.
MC Mining refreshes cooperation agreement with Haohua Energy
MC Mining announced the signing of a cooperation agreement with Haohua Energy International Hong Kong (HEI) on Friday, which is a wholly-owned subsidiary of Shanghai-listed Beijing Haohua Energy Resource Company, the largest exporter of anthracite coal from China.
Tower Resources looking at financing options for Thali drilling
Africa-focussed oil and gas company Tower Resources updated the market on the financing of its Cameroon operation, and announced its intention to raise gross proceeds of around £0. 15m through a subscription of approximately 15 million new ordinary shares at a price of 1p each on Friday.
Gulf Keystone annual production target intact
Gulf Keystone Petroleum left its annual production target intact as the oil and gas producer said daily activity would be towards the bottom of guidance.
KEFI Minerals making progress at Hawiah after two-year stand-down
Ethiopia and Saudi Arabia-focussed gold exploration and development company KEFI Minerals updated the market on the exploration underway at its Hawiah Exploration Licence in Saudi Arabia on Friday.