Proactive weekly mining round-up: Greatland Gold, Kavango Resources, Pembridge Resources.
Some of the weeks mining and exploration stories in a snapshot
Greatland Gold PLC (LON:GGP), a precious and base metals exploration and development company, announced the start of the underground decline access at its Havieron gold-copper joint venture project in Western Australia. This is a momentous step in the development of Havieron as a world-class gold-copper mine,” said Greatland chief executive Shaun Day. “I am delighted by progress on site and this fast-tracked milestone is indicative of the potential scale of the deposit and the opportunity seen by our partners Newcrest.
Pembridge Resources jumps by a third after positive Minto mine report
A look at the major movers on the London market on Wednesday
Shares in Pembridge Resources PLC (LON:PERE) have soared after a positive update on the Minto mine in the Yukon, Canada.
A report by JDS Engineering on the copper, gold and silver mine - where Pembridge has an investment in the operator - indicated its expected life had doubled to 8 years.
Total resources have been increased from 22.5mln tonnes to 24,1mln tonnes, with average annual production of 38mln pounds of copper. Average annual earnings are expected to exceed US$40mln from 2021 to 2025.