Armenia clears Lydian to go ahead with Amulsar gold project

MINEX Forum | August 16, 2019
img0 The government of Armenia published Wednesday the results of a long-awaited public audit on Lydian International’s (TSX:LYD) Amulsar gold project, which states there are no grounds for criminal proceedings against the company. The report paves the way for the company to move forward developing the controversial mine, illegally blocked since June last year by locals and environmental activists. Opponents to ...

How Does Trans-Siberian Gold’s P/E Compare To Its Industry, After Its Big Share Price Gain?

MINEX Forum | August 15, 2019
img0 Trans-Siberian Gold (LON:TSG) shares have continued recent momentum with a 37% gain in the last month alone. That’s tops off a massive gain of 226% in the last year. Assuming no other changes, a sharply higher share price makes a stock less attractive to potential buyers. While the market sentiment towards a stock is very changeable, ...

Eldorado Gold gets political boost in Greece

MINEX Forum | July 29, 2019
img0 CEO George Burns has met with representatives of the newly elected Greek government in a bid to kickstart Eldorado’s stalled Skouries gold mine. Based in Vancouver, Eldorado is a mid-tier gold and base metals producer with an international portfolio that includes mining, development and exploration projects in Turkey, Canada, Greece, Romania, Serbia and Brazil. Key ...

ArcelorMittal’s Ukraine mill searched by security service

MINEX Forum | July 23, 2019
img0 The Ukrainian arm of the world’s biggest steelmaker said on Saturday that the state security service had searched its plant in Kryvyi Rih, a week after new Ukrainian President Volodymyr Zelenskiy criticized the management. ArcelorMittal has invested about $9 billion in Kryvyi Rih, Ukraine’s largest steel mill, which is now under close government scrutiny. “Today, ...

Velocity Minerals to acquire 70% stake in Bulgaria’s Obichnik gold project

MINEX Forum | July 8, 2019
img0 Velocity Minerals has signed an option agreement with Gorubso Kardzhali to acquire a 70% interest in the 388ha Momchil property in south-east Bulgaria. This property also includes the Obichnik gold deposit, which is a geological resource located in southeast Bulgaria.  It is approximately 25km by road from Gorubso’s modern CIL processing plant. Under the option ...

Metso Minerals merges with rival Outotec

MINEX Forum | July 5, 2019
img0 Finnish engineering group Metso is merging its main minerals technology business with smaller rival Outotec, Metso said on Thursday, sending shares in both companies higher. Outotec shares were up 19%, and Metso’s were up 5% in early afternoon trading on the Helsinki bourse. “The strategic plan for the merger is straightforward in our view, creating ...