Aureus Mining raises $72m to fund transition
14th Oct 2016 11:36
(ShareCast News) - Aureus Mining announced on Friday that it has conditionally raised approximately $72m via an equity fundraising to finance its transition to an owner-operator mining model, repay amounts due to Nedbank and FirstRand Bank, and to strengthen its balance sheet. The AIM-traded firm sa
Read moreAureus Mining battles mechanical issues and needs further funding
8th Aug 2016 11:58
(ShareCast News) - Gold production at Aureus Mining has continued to be hindered by breakdowns, mechanical issues and low equipment availability at the processing plant at its New Liberty mine in Liberia and with just $4.2m cash left at the end of the second quarter new management admitted the compa
Read moreAureus Mining secures $30m equity financing
15th Jun 2016 15:26
(ShareCast News) - Aureus Mining has secured equity financing of $30m with MNG Gold Jersey, which it said will strengthen the balance sheet and fund working capital as it completes the restart of the processing plant at the New Liberty gold mine in Liberia. The $30m equity investment at 3.21p per sh
Read moreAureus Mining wins more time at New Liberty
1st Jun 2016 14:08
(ShareCast News) - West African gold producer Aureus Mining announced a fresh deferral to its debt repayments on Wednesday, allowing it more time to get its gold processing plant running. The AIM and TSX-traded firm said it has received approval from Nedbank, Rand Merchant Bank and the Export Credit
Read moreAureus Mining suspends processing after cyanide leak
10th May 2016 08:58
(ShareCast News) - Aureus Mining has suspended processing activity at its New Liberty gold mine in Liberia after a cyanide spillage. Shares in the company slumped 44% to 3.63p in early trade on Tuesday after the AIM- and Toronto-listed outfit said heavy rainfall had combined with problems with the d
Read moreAureus Mining forms committee to look at enhancing shareholder value
2nd Feb 2016 10:42
(ShareCast News) - Aureus Mining has formed a special committee to conduct a review of strategic options to enhance shareholder value. The AIM-listed West African gold producer announced the new committee on Tuesday. Independent non-executive directors Jean-Guy Martin, Loudon Owen and David Netherw
Read moreAureus Mining forced to halt mining operations in Liberia for a few days
20th Oct 2015 09:38
(ShareCast News) - Shares in Aureus Mining plunged over 12% early on Tuesday, after the gold explorer revealed it had to temporarily suspend production at one of its mine in Liberia. The London-listed group said a mechanical fault with one of its crushers forced it to halt operations at its New Libe
Read moreAureus Mining rises despite posting wider first-half loss
11th Aug 2015 14:53
(ShareCast News) - Canadian based Aureus Mining widened its first half loss in the six months to June 30, down to $5.15m from $2.08m. However shares in the AIM listed company were up by 1.84% to 20.75p at 1451 BST. In the past quarter Aureus Mining took a $1.036m loss on warrant derivative liabilit
Read moreThursday broker round-up UPDATE
9th Oct 2014 09:27
African Barrick Gold: Numis reduces target price from 330p to 270p keeping its hold recommendation. Antofagasta: Numis upgrades to hold with a target price of 700p. Aureus Mining: Numis lowers target price from 45p to 40p staying with its buy recommendation. Boohoo: Barclays initiates with a targe
Read moreAureus Mining says no Ebola cases reported across its operations
8th Aug 2014 08:35
Sub-Saharan Africa-focused miner Aureus Mining has reassured investors that no cases of the Ebola virus have been reported or suspected across its operations. While construction is continuing at its New Liberty gold project in Liberia, "non-essential staff" have been granted leave, including the ex
Read moreWednesday broker round-up UPDATE
30th Jul 2014 09:50
Antofagasta: Westhouse Securities downgrades from add to neutral with a target price of 885p. Investec places its target price (prev.: 690p) under review, while keeping its sell recommendation. Aureus Mining: FinnCap lowers target price from 66p to 62p maintaining a buy recommendation. British Ame
Read moreThursday broker round-up UPDATE
24th Apr 2014 09:19
AMEC: UBS ups target price from 1145p to 1200p maintaining a neutral rating. ARM Holdings: HSBC raises target price from 1080p to 1120p and keeps an overweight rating. Associated British Foods: HSBC increases target price from 280p to 310p and upgrades from neutral to overweight. Deutsche Bank rai
Read moreAureus Mining raises 26bn dollars to fund New Liberty development
15th Apr 2014 14:54
Liberia-focused gold miner Aureus Mining has raised a total of 26bn dollars (15.6m dollars) to fund the development of its New Liberty gold deposit. The company is to raise proceeds of $15m through an underwriting placing and a further $11.1m from an investment from International Finance Corporatio
Read moreTuesday broker round-up UPDATE
15th Apr 2014 08:08
APR Energy: Goldman Sachs reduces target price from 1165p to 1039p, while upgrading to buy. Aureus Mining: FinnCap places its target price (prev.: 175p) under review and keeps its buy recommendation . Al Noor Hospitals: Jefferies increases target price from 1065p to 1155p and maintains a buy recom
Read moreMonday broker round-up UPDATE
7th Apr 2014 10:19
Abcam: Canaccord Genuity lowers target price from 386p to 375p, while upgrading from sell to hold. Aberbdeen Asset Management: Credit Suisse ups target price from 415p to 440p and stays with its neutral rating. AO World: Jefferies initiates with a target price of 410p and a buy recommendation. JP
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