Mundoro announces completing the third year exploration program on the JOGMEC-Mundoro JV project

MINEX Forum | March 26, 2019
img0 Mundoro Capital Inc. (TSXV: MUN, www.mundoro.com) (“Mundoro” or the “Company”)  is pleased to announce completion of the third year exploration program with Japan Oil, Gas and Metals National Corporation (“JOGMEC”), on the Borsko Jezero license (“Borsko”) located within the Timok Magmatic Complex (“Timok”) in eastern Serbia.  This exploration program is the third year of the ...

Abramovich trims Nornickel stake in $551m share sale

MINEX Forum | March 14, 2019
img0 Russian billionaire Roman Abramovich sold $551 million worth of shares in mining giant Norilsk Nickel on Tuesday during an accelerated bookbuilding deal (ABB), the deal’s arranger VTB Capital said. The shares, accounting for a 1.7 percent stake in the world’s largest palladium producer, were bought predominantly by British-based investors, with Russian investors also buying a ...

Dundee ups 2018 revenue, net earnings

MINEX Forum | February 14, 2019
img0 Dundee Precious Metals offered a look at the fourth quarter and positive full year financials for 2018. The company recorded revenue of $377.1 million and adjusted net earnings of $29.0 million. The all-in sustaining cost per ounce of gold produced was $659. (All monetary figures are U.S. dollars.) For the full year, metal production totaled 201,095 ...

Severstal reports Q4 & FY2018 financial results

MINEX Forum | February 5, 2019
img0 PAO Severstal (MICEX-RTS: CHMF; LSE: SVST), one of the world’s leading steel and steel-related mining companies, today announces its Q4 & FY2018 financial results for the period ended 31 December 2018. CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER ENDED 31 DECEMBER 2018 $ million, unless otherwise stated Q4 2018 Q3 2018 Change, % FY2018 FY2017 Change, ...

Record output drives revenue at Russia’s Polymetal up 11% in Q4

MINEX Forum | February 4, 2019
img0 Russian gold and silver producer Polymetal reported on Thursday an 11% rise in fourth quarter revenue, compared to a year earlier, on record high production following a full ramp-up at its mine in Kazakhstan. The London-listed firm, part-owned by businessman Alexander Nesis, launched the Kyzyl mine in Kazakhstanin 2018 and shortly after began construction at its new Nezhda gold mine in Siberia, which will contribute to its dividends in 2022. ...