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Today s Market View - Shanta Gold, GoldStone Resources, Caledonia Mining and more.
Caledonia Mining confirms its previously reported reports production of 13,197oz of gold (Q1 2020 – 14,233oz) from its Blanket gold mine in Zimbabwe and reports on mine cost of $836/oz (Q1 2020 - $702/oz) and an all-in-sustaining cost of $1,077/oz (Q1 2020 -$904/oz) during the 3 months to 31st March 2021.
SP Angel . Morning View . Thursday 13 05 21
Higher than expected inflation report hits Technology stocks and equity markets
The company has a historic ‘high-grade’ copper mine which was abandoned >100 years ago.
Drilling is planned to test two large geophysical targets underneath the historic mine may be mineralised porphyry structures.
Eurasia Mining announces potential asset sale We are delighted to have received a proposal from a credible party that could allow us to pay a significant dividend to all shareholders,” said executive chairman Christian Schaffalitzky
Eurasia Mining PLC (LON:EUA), a platinum group metals and gold producer, said it has received several proposals including one from a credible party for the potential acquisition of substantially all of the company s assets.
It added that it has now concluded its strategic review and formal sale process.
Since launching the formal sale process in July 2020, Eurasia and its advisers have engaged with a wide range of parties, and received non-binding offers in respect of both a possible acquisition of the company as well as other transaction structures, the Russia-focused company announced on January 14 2021.