Xtract Resources' Chepica mine gets permission to restart
4th Feb 2016 11:00
(ShareCast News) - AIM-listed Xtract Resources said the processing plant at its Chepica gold and copper mine in Chile has been granted permission to restart. The diversified metals and minerals producer said the Inspector of Mines visited the mine earlier this week and found management had implement
Read moreAnother setback for Xtract Resources at Chile facility
27th Jan 2016 13:48
(ShareCast News) - Xtract Resources was looking at another setback at its Chipeca Gold Mine in Chile on Wednesday, a month after two fatal accidents saw its processing plant operations there temporarily suspended by authorities. The AIM-traded resources firm had previously indicated that it expected
Read moreXtract Resources signs joint venture agreement for Mozambique project
20th Oct 2015 09:01
(ShareCast News) - Shares in Xtract Resources edged higher early on Tuesday after the resource assets developer signed a joint venture agreement for a project in Mozambique. The group said the deal with Mineral Technologies will remove "significant overburden" at its Manica project, where Xtract is
Read moreXtract Resources slumps on mixed assay results from South African projects
8th Oct 2015 15:19
(ShareCast News) - Shares in Xtract Resources declined sharply on Thursday, after the gold and copper miner reported mixed assay results from two of its South African projects. The London-listed company said the results show copper values at the Carolusberg tailing dam stood at an average of 0.21%,
Read moreXtract Resources downgrades forecasts due to earthquake
29th Sep 2015 12:58
(ShareCast News) - Shares in Xtract Resources fell after the gold and copper mining and development company said it now expects third and fourth quarter profit to be lower than previously guided due to an earthquake in Chile. Xtract said it expects to generate a profit of $150,000 in the third quart
Read moreXtract Resources surges on gold find
4th Aug 2015 09:32
(ShareCast News) - Shares in Xtract Resources surged after the company found a new gold reef system at its Colin Mining area in Chile. The company said its own estimates found the new reef system could quadruple the previous estimates of gold found in the area and as a result could increase the life
Read moreXtract Resources shares lift on news of discovery
15th Jul 2015 15:57
(ShareCast News) - Shares in mining firm Xtract Resources lifted after the company announced a potential gold discovery. Shares in the AIM listed stock rose 5.93% to 0.286p at 0254 BST. Xtract said the new reef system it found at the Chepica Mine in Chile could contain about 100,000oz of gold. It
Read moreXtract Resources raises £4.4m, optimistic about Fair Bride gold licence
29th Jun 2015 07:48
Mining firm Xtract Resources raised £4.4m, to be put toward a mining licence in Mozambique, the company said on Monday. Xtract said the £4.4m, raised through a share placement would go towards the 100% acquisition of the 3990c Manica Gold Mining licence. The licence includes mining rights for the F
Read moreXtract Resources' Chepica mine making good progress
25th Jun 2015 13:51
Xtract Resources said on Thursday that good progress is being made at its Chepica gold and copper mine in Chile. It said the mine has reached its target of achieving profitability one month ahead of schedule in May 2015 and is on track to achieve a profit margin of 60% by the end of the third quarte
Read moreXtract Resources jumps on new gold discovery in Chile
13th May 2015 15:15
Shares in Xtract Resources jumped over 7% on Wednesday, as the exploring company said it had found a small but "significant" concentration of gold near the surface at its Chepica mine in Chile. The London-listed group said the find, situated at the intersection of two major geological structures at
Read moreXtract Resources raises £1.2m through shale disposal
10th Jul 2014 15:22
Exploration group Xtract Resources has raised £1.2m through the sale of 5m shares in Global Oil Shale (GOS) at 23.77p each in an effort to strengthen its cash position. The AIM-listed group was issued 6m shares in GOS at a price of 12p in December 2012, which was part of the disposal of the Julia C
Read moreXtract Resources abandons plans to acquire Namakwa uranium deposit
11th Apr 2014 12:27
Xtract Resources said on Friday that having completed due diligence on the Namakwa Uranium Deposit in South Africa, it had decided to abandon its acquisition plans. "The board has concluded that this project does not meet its investment criteria and will therefore not be proceeding with the acquisi
Read moreXtract Energy names new Chief Financial Officer
5th Jun 2013 08:55
AIM-listed Xtract Energy has appointed Joel Silberstein as its Chief Financial Officer. The group said that Silberstein was a Chartered Accountant with over 10 years' experience in the area of financial accounting and reporting, primarily in the mining industry. After completing his training at
Read moreXtract Energy names new Chief Executive Officer
28th May 2013 12:06
AIM-listed Xtract Energy has appointed Jan Nelson as Chief Executive Officer of the company with immediate effect. The company said that Nelson would bring over 15 years' experience in the mining industry; more recently as Chief Executive Officer Pan African Resources, where he was responsible for
Read moreXtract Energy sells stake in Equus Mining
15th Feb 2013 12:08
Natural resources investor Xtract Energy has sold its stake in Equus Mining for 980,000 Australian dollars. The company's 14m shares in the Australian copper and gold explorer were sold for AU$0.07 per share. The oil and gas focused investor originally purchased 140m shares in Caspian Oil & Gas,
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