Lucapa Uncovers 2 Diamonds Over 100 Carats at Mothae

Africa-focused diamond explorer Lucapa Diamond (ASX:LOM) has uncovered two diamonds that are over 100 carats at its Mothae kimberlite mine in Lesotho, a project it owns in conjunction with the government of the Kingdom of Lesotho.

The stones, which are 220 carats and 127 carats, were both recovered via treatment of recovery tailings.

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The Mothae kimberlite mine, a joint venture between the diamond miner and the government of Lesotho, continues to produce gems.

Panoramic Resources Tells Shareholders to Say No to IGO Offer

Nickel company Panoramic Resources (ASX:PAN,OTC Pink:PANRF) has told shareholders to “take no action” regarding Independence Group’s (IGO) (ASX:IGO) unsolicited takeover offer, pointing out that there have already been breaches in the contract proposed by IGO.

IGO announced its intention to take over the company on November 4, informing Panoramic Resources shareholders that the company’s board of directors had not reacted to IGO’s offer at that point.

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The nickel miner has affirmed its commitment to improving the Savannah asset following Independence Group’s takeover offer.

Fortescue Reports Strong Quarter After Iron Ore’s Hot Summer

Australian iron ore company Fortescue Metals Group (ASX:FMG,OTCQX:FSUGY) hasn’t lost any of its heat, with the company announcing high numbers again for the latest quarter.

Fortescue was able to reduce its net debt to US$0.5 billion from US$2.1 billion in June. The company also increased its average revenue, receiving US$85 per dry metric tonne (dmt), as compared to US$45 per dmt in the year-ago period, and grew its cash on hand to US$3.4 billion.

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The iron ore company increased its cash flow and was able to reduce its net debt to US$0.5 billion from US$2.1 billion in June.

Kintavar Announces 1st Summer 2019 Exploration Results

Kintavar Exploration (TSXV:KTR,FRANKFURT:58V), announced the first results from its summer 2019 exploration program.

As quoted in the press release:

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Kintavar Exploration (TSXV:KTR,FRANKFURT:58V), announced the first results from its summer 2019 exploration program.

New Century Increases Zinc Production, Decreases Costs in Q3

New Century Resources (ASX:NCZ,OTC Pink:NCRE) announced its third quarter results, reporting that zinc metal production increased by 28 percent while costs declined by 18 percent.

During the three month period, New Century produced 26,171 tonnes of zinc metal at US$1 per pound, achieving its guidance for the quarter. For comparison, the Melbourne-based company produced 20,450 tonnes of zinc metal during the second quarter of the year.

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New Century Resources’ quarterly results show that zinc metal production jumped by 28 percent, while costs went down by 18 percent. 

OceanaGold Announces Intercepts at Golden Point

OceanaGold (TSX:OGC,ASX:OGC) provided an update on its exploration program at its Golden Point exploration target at the Macraes Gold Mine located on the South Island of New Zealand.

As quoted in the press release:

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OceanaGold provided an update on its exploration program at its Golden Point exploration target at the Macraes Gold Mine in New Zealand.

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