Vast Resources posts wider first half loss
31st Dec 2015 09:37
(ShareCast News) - AIM-listed Vast Resources said its first half pre-tax loss widened as it made the transition from a junior explorer to a mining and production company. For the six months to 30 September, it reported a pre-tax loss of $3.64m (£2.5m) compared with a loss of $2.76m last year. On
Read moreVast Resources appoints Pierre Joubert as CFO
22nd Dec 2015 12:40
(ShareCast News) - AIM-listed mining company Vast Resources announced the appointment of Pierre Joubert as chief financial officer with immediate effect. Joubert, a chartered accountant, spent seven years with Macquarie, mostly with the Macquarie Natural Resources Group in the Far East, where he wor
Read moreResults round-up
20th Aug 2015 16:23
(ShareCast News) - Polyus Gold slashed costs to improve its first half profits by 130% to $582m from $253m the year before. The strong result boosted the share price of Russia's largest gold producer by 3.19% at 1042 BST to 194p. While revenue was flat, up 1% to $1.02bn from $1.01bn, Polyus Gold wa
Read moreVast Resources surges as it commissions Zimbabwe gold mine
20th Aug 2015 09:59
(ShareCast News) - Shares in Vast Resources surged after it announced the commissioning of the ball mill and the carbon in leach plant at the Pickstone-Peerless gold mine in Zimbabwe. The AIM-listed resource and development group said this will facilitate the start of gold absorption, marking a furt
Read moreVast Resources raises £1.6m for Romanian opportunities
27th Jul 2015 13:49
(ShareCast News) - Vast Resources has raised around £1.26m before costs through a placing and subscription to provide additional funds for the company's opportunities in Romania and for general corporate purposes. The AIM-listed resources and development company said it has issued 45.4m shares at 1.
Read moreVast Resources close to starting first gold production in Zimbabwe
2nd Jul 2015 11:06
AIM-listed Vast Resources said it is close to starting production at the Pickstone-Peerless mine in Zimbabwe. The company is targeting production of 10,000 oz from processing 10,000 tonnes a month at an initial grade of 3 g/t tonne. Vast Resources chief executive Roy Pitchford said it was a very ex
Read moreVast Resources advances as Zimbabwe gold project nears production
5th May 2015 16:04
AIM-listed gold miner Vast Resources has said it still expects its Pickstone-Peerless project in Zimbabwe to start producing maiden revenues later this year despite some delays, causing shares to surge on Tuesday. The company, formerly known as African Consolidated Resources, said minor spending ove
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