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Precious Metals & Minerals

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China Environmental Energy Investment Sees Significant Decrease Of FY Loss By Over 80%

Friday, 14 Jun 2019

June 14 (Reuters) - China Environmental Energy Investment Ltd <0986.HK>::ANTICIPATES THAT GROUP WILL RECORD A SIGNIFICANT DECREASE OF LOSS BY OVER 80% FOR YEAR.EXPECTED RESULT DUE TO BENEFITING DESIGN, ORIGINAL EQUIPMENT MANUFACTURING, AND MARKETING OF JEWELRY BUSINESS.

Hecla Reduces Spending for Nevada Operations

Thursday, 6 Jun 2019

June 6 (Reuters) - Hecla Mining Co ::SEES 2019 CAPITAL EXPENDITURE (EXCLUDING CAPITALIZED INTEREST) OF $138 MILLION.HECLA REDUCES SPENDING FOR NEVADA OPERATIONS.$25 MILLION REDUCTION IN COMPANY-WIDE CAPITAL, EXPLORATION AND G&A EXPECTED FOR 2019.NEVADA PRODUCTION AND COST ESTIMATES REVISED FOR 2019.REVISED ANNUAL 2019 NEVADA PRODUCTION ESTIMATES OF 60,000 OUNCES AT A COST OF SALES OF $105 MILLION,.MINING AT MIDAS IS EXPECTED TO CONTINUE THROUGH END OF YEAR, BUT HOLLISTER WILL BE SHUT DOWN.CONTINUES TO EVALUATE BEST OPTIONS FOR REFINANCING ITS MAY 2021 BONDS..COMPANY IS PROVIDING REVISED ANNUAL 2019 NEVADA PRODUCTION ESTIMATES OF 60,000 OUNCES AT A COST OF SALES OF $105 MILLION.25% OF NEVADA WORKFORCE IS BEING LAID OFF.WORKING TOWARDS GOAL OF HAVING DEBT/EBITDA RATIO OF AROUND 3.75 BY YEAR END AND AROUND 3.0 BY END OF 2020.CONTINUES TO VIEW REVOLVING LINE OF CREDIT AS A SHORT-TERM LIQUIDITY FACILITY RATHER THAN A LONG-TERM SOURCE OF FUNDING.

Russia's Alrosa sees global diamond supply falling by 4 mln carats by 2023

Thursday, 6 Jun 2019

June 6 (Reuters) - Russian state-controlled miner Alrosa , the world's biggest producer of rough diamonds in carat terms, said in a presentation to investors::Alrosa expects a global depletion of deposits to result in diamond production declines in the coming years, and forecasts global supply falling by 2023 by 4 million carats from 2018 levels;.The company forecasts global demand growth of 1 percent by 2023 from 2018 levels, in its base case scenario, while its optimistic scenario forecasts 4 percent demand growth by 2023;.Alrosa sees its production rising to 38 million carats in 2019, from 36.7 million carats the previous year. It expects it to subsequently rise to 38.7 million carats by 2020, and to then stabilise at between 37 and 38 million carats per year between 2024 and 2030..The company sees its capital expenditure at 29 billion roubles in 2019, 26 billion roubles in 2020, and then falling to 15 billion roubles by 2023, it says..

Gem Diamonds Says 76.6% Votes At AGM Cast In Favor Of Re-Electing Harry Kenyon-Slaney As A Director

Tuesday, 4 Jun 2019

June 4 (Reuters) - Gem Diamonds Ltd ::83.9% VOTES AT AGM WAS CAST IN FAVOR OF ANNUAL REPORT ON DIRECTORS' REMUNERATION, 16.09% VOTE AGAINST.76.6% VOTES AT AGM WERE CAST IN FAVOR OF RE-ELECTING HARRY KENYON-SLANEY AS A DIRECTOR, 23.4% AGAINST.

Bluejay Mining Sees FY Loss Of £10.8 Mln Vs Loss Of £2.7 Mln

Thursday, 30 May 2019

May 30 (Reuters) - Bluejay Mining PLC ::BLUEJAY MINING PLC - ANNUAL PRELIMINARY RESULTS.BLUEJAY MINING PLC - BLUEJAY HAD £8.8 MILLION OF CASH AND CASH EQUIVALENTS AT 31 DECEMBER 2018.BLUEJAY MINING PLC - EXPLORATION COSTS DURING YEAR WERE £6.3 MILLION COMPARED TO £4.6 MILLION FOR PREVIOUS FINANCIAL YEAR.BLUEJAY MINING PLC - EXPECTS TO REPORT A LOSS OF £10.8 MILLION FOR YEAR COMPARED TO A LOSS OF £2.7 MILLION FOR PREVIOUS YEAR.BLUEJAY MINING PLC - EXPECTS TO IMPAIR £8.9 MILLION OF INTANGIBLE ASSETS IN RELATION TO COMPANY'S FINNISH EXPLORATION ASSETS..BLUEJAY MINING PLC - GIVEN NOTICE TO SP ANGEL OF ITS INTENTION TO TERMINATE BROKER RELATIONSHIP WITH BLUEJAY..BLUEJAY MINING PLC - EXPECTS TO RELEASE ITS PRELIMINARY FINANCIAL RESULTS FOR YEAR ENDED 31 DECEMBER 2018 ON OR ABOUT 4 JUNE 2019.

Cadence Minerals FY Total Comprehensive Loss Attributable To Equity Holders 11.92 Mln Stg

Thursday, 30 May 2019

May 30 (Reuters) - Cadence Minerals PLC ::RESULTS FOR THE YEAR ENDED 31 DECEMBER 2018.TOTAL COMPREHENSIVE LOSS FOR YEAR ATTRIBUTABLE TO EQUITY HOLDERS WAS £11.92M LOSS (2017: £1.88M PROFIT).

Anglo American Platinum, GIWUSA Settle Unprotected Strike At Mototolo Mine

Thursday, 30 May 2019

May 30 (Reuters) - Anglo American Platinum Ltd ::ANGLO AMERICAN PLATINUM AND GIWUSA SETTLE UNPROTECTED STRIKE AT MOTOTOLO MINE.UNPROTECTED STRIKE THAT LED TO DISMISSAL OF 643 EMPLOYEES AT MOTOTOLO MINE HAS BEEN RESOLVED.IN TERMS OF AGREEMENT SIGNED, DISMISSED EMPLOYEES WILL BE REINSTATED AT MOTOTOLO MINE.IN TERMS OF AGREEMENT SIGNED BY PARTIES ON 29 MAY, ALL DISMISSED EMPLOYEES TO BE REINSTATED AT MOTOTOLO MINE.IN TERMS OF AGREEMENT, UNION HAS ACCEPTED THAT PROPOSED MEDICAL AID MEETS REQUIREMENT OF SECTION 197 TRANSFER.

Fieldex Exploration Announces Entry Into Definitive Agreement With Copeland Biosciences Corp

Tuesday, 28 May 2019

May 27 (Reuters) - Fieldex Exploration Inc ::FIELDEX EXPLORATION ANNOUNCES ENTRY INTO DEFINITIVE AGREEMENT WITH COPELAND BIOSCIENCES CORP. IN CONNECTION WITH A REVERSE TAKE-OVER TRANSACTION.FIELDEX EXPLORATION- ENTERED BUSINESS COMBINATION AGREEMENT WITH COPELAND BIOSCIENCES CORP AND AN AMALGAMATION AGREEMENT WITH COPELAND BIOSCIENCES AND 1209908 B.C. LTD.UPON CLOSING OF PROPOSED TRANSACTION, IT IS PROPOSED THAT FIELDEX WILL BE LISTED ON CANADIAN SECURITIES EXCHANGE.FIELDEX EXPLORATION- UPON CLOSING OF PROPOSED TRANSACTION FIELDEX WILL CONCURRENTLY DE-LIST FROM TSX VENTURE EXCHANGE AND BE RENAMED COPELAND BIOSCIENCES CORP.FIELDEX EXPLORATION- PRIOR TO COMPLETION OF PROPOSED TRANSACTION, 15.7 MILLION OF FIELDEX SHARES CURRENTLY ISSUED AND OUTSTANDING WILL BE CONSOLIDATED ON A 6.715 FOR ONE BASIS.FIELDEX EXPLORATION- CONSOLIDATION RATIO MAY BE ADJUSTED TO HIGHER RATIO IN EVENT WORKING CAPITAL DEFICIENCY OF FIELDEX EXCEEDS $200,000 AT TIME OF CLOSING OF PROPOSED DEAL.FIELDEX EXPLORATION- FORMER COPELAND BIOSCIENCES SHAREHOLDERS WILL RECEIVE ONE POST-CONSOLIDATION COMMON SHARE IN CAPITAL OF RESULTING ISSUER IN EXCHANGE FOR EACH CBC SHARE.FIELDEX EXPLORATION- COPELAND BIOSCIENCES WILL ALSO UNDERTAKE A PLACEMENT OF SUBSCRIPTION RECEIPTS AT A PRICE OF $0.30 PER SUBSCRIPTION RECEIPT.

Silvercorp Reports Net Income Of $0.23 Per Share For Fiscal 2019

Friday, 24 May 2019

May 23 (Reuters) - Silvercorp Metals Inc ::SILVERCORP REPORTS NET INCOME OF $39.7 MILLION, $0.23 PER SHARE, AND CASH FLOW FROM OPERATIONS OF $67.8 MILLION, FOR FISCAL 2019.Q4 EARNINGS PER SHARE $0.07.QTRLY SALES OF $35.0 MILLION, DOWN 9% COMPARED TO $38.4 MILLION IN PRIOR YEAR QUARTER.Q4 ADJUSTED EARNINGS PER SHARE $0.03.Q4 SALES FELL 9 PERCENT TO $35 MILLION.QTRLY ALL-IN SUSTAINING COST PER OUNCE OF SILVER, NET OF BY-PRODUCT CREDITS, OF $4.49, COMPARED TO $3.04.SILVERCORP METALS - METALS SOLD AMOUNTED TO ABOUT 1.3 MILLION OUNCES OF SILVER, 700 OUNCES OF GOLD, 12.7 MILLION POUNDS OF LEAD, AND 7.3 MILLION POUNDS OF ZINC.

Cadence Minerals Announces Terms To Acquire Interest In Amapá, Ne Brazil

Tuesday, 21 May 2019

May 21 (Reuters) - Cadence Minerals PLC ::CADENCE MINERALS PLC - HEADS OF TERMS TO ACQUIRE INTEREST IN FORMER ANGLO AMERICAN IRON ORE MINE, AMAPÁ, NE BRAZIL.CADENCE MINERALS-ENTERED INTO NON-BINDING HOT TO INVEST IN, BUY UP TO 27% INTEREST IN AMAPÁ IRON ORE MINE, BENEFICIATION PLANT, RAILWAY, PRIVATE PORT.CADENCE MINERALS PLC - ENTERED INTO A NON-BINDING HEADS OF TERMS WITH INDOSINO PTE LTD..CADENCE MINERALS - UNDER HOT CO WILL HAVE RIGHT TO BUY 27% OF AMAPÁ PROJECT BY INVESTING $6 MILLION OVER 2 STAGES INTO JV CO, PEDRA BRANCA ALLIANCE PTE.

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