European Metals assures shareholders of Czech rights amid purported MoU termination

MINEX FORUM | March 5, 2018
img0 Mineral exploration and development company European Metals on Friday said correspondence received by the company from Czech Republic Industry and Trade Minister Thomas Huner purports to terminate the memorandum of understanding (MoU) between the company and the Ministry of Industry and Trade. The MoU, dated October 2, 2017, outlines mutual willingness to explore downstream processing ...

Petropavlovsk reports increased reserves, resources

MINEX FORUM | March 5, 2018
img0 London-based gold mining company Petropavlovsk on Monday announced that its reserves have increased by about 8%, before depletion, and its resources by about 6%, before depletion, as at December 31. This forms part of the results of a review of gold ore reserves and mineral resources, which highlighted a 1.17-million-ounce increase in Joint Ore Reserves ...

Nevsun narrows Q4 loss on impairment reversal

MINEX FORUM | March 5, 2018
img0 Base metals producer Nevsun Resources has reported a narrower fourth-quarter loss of $3.8-million, or $0.01 a share, as the bottom line benefitted from the partial reversal of an impairment charge previously booked on zinc ore stockpiles. The Vancouver-headquartered company advised that based on the sustained successful recovery of zinc from zinc-only stockpiles in the third ...