2982 days ago
Amara Mining*(AMA) has announced results of an optimised pre-feasibility study, re-emphasising that “we expect Yaoure to be among one of the lowest cost, largest new gold mines in Africa”.
3008 days ago
Following a mineral resource update for its Yaoure gold project in Côte d'Ivoire in November and capital and cost estimates generated in a pre-feasibility study announced in May, Amara Mining* (AMA) has announced an increase in the portion of higher confidence (‘Measured’ and ‘Indicated’) resources which fall within a designed project pit (‘mineral reserve’ and here based on an optimised pit shell corresponding to a gold price of $880 per ounce).
3177 days ago
Amara Mining* (AMA) has announced results for the first half of 2015 as it continues to advance its Yaoure gold project in Côte d'Ivoire.
3268 days ago
Amara Mining* (AMA) has announced the results of a pre-feasibility study for its Yaoure gold project in Côte d'Ivoire. The shares are currently 5% lower, at 15p, on the announcement as a net present value, at a 10% discount rate and $1,250 gold, of $228 million compares to $566 million in a 2014 preliminary economic assessment.
3383 days ago
Amara Mining (AMA) has announced a conditional-on-shareholder-approval 16p per share placing to raise gross proceeds of £14.6 million ($22 million) – ostensibly to enable further exploration of its Yaoure gold project in Côte d'Ivoire and to fund it to the point of making a construction decision for the project, including the delivery of a bankable feasibility study late this year. However, the company also faces some potential - albeit we think low risk - legal nasties…
3397 days ago
Amara Mining* (AMA) has announced an increase in total mineral resources at its Yaoure gold project in Côte d'Ivoire from 6.3 million ounces to 6.8 million and a 63% increase (to 4.4 million ounces) in the higher confidence ‘Indicated’ resource.
These numbers are based on a pit optimisation using a $1,500 gold price, and reported at a 0.5g/t cut-off, though it is again emphasised that the “resource remains robust in lower gold price pit shells”
3475 days ago
Amara Mining (AMA) has announced further results from the 2014 drilling programme at its Yaoure gold project in Côte d'Ivoire which “continues to confirm high grade mineralisation throughout the deposit”. This is the ONLY gold stock we are now tipping on our premium Nifty Fifty website.
3492 days ago
Amara Mining (AMA) has announced an updated Mineral Resource estimate for its flagship Yaoure gold project in Côte d'Ivoire – emphasising that “with over 4 million ounces contained in a single economic pit and compelling economics benefiting from low cost hydro-electric power, Yaoure stands out as the pre-eminent gold development asset in West Africa”.
3503 days ago
Amara Mining (AMA) has announced further encouraging drilling results from its Yaoure project in Côte d'Ivoire. Most AIM casino listed gold miners are a total waste of space, Amara is a rare quality play.
3520 days ago
We are well ahead on our tip to buy shares in Amara Mining (AMA) We told Nifty Fifty readers to buy at a 15.75p offer – the stock is now 23.75-24p. But there was interesting news last week implying that there is more upside still.
First came news of further drilling results from its key Yaoure project in Côte d'Ivoire demonstrating strong continuity and high grade areas. With further intercepts including 31 metres at 4.2g/t gold, 10 metres at 6.1g/t and 4 metres at 25.2g/t, the company emphasised that “this further increases our confidence in the Yaoure deposit and underlines the potential for selective mining of the CMA zone”.
3540 days ago
Steve and I have avoided tipping gold stocks on our Nifty Fifty website but we made an exception for Amara Mining (AMA) suggesting readers pile in at a 15.75p offer. The shares are now 23p and there was cracking news a couple of days ago. This stock is starting to hum.
Amara Mining announced further drilling results from its Yaoure gold project in Côte d'Ivoire which “include exceptional intercepts, demonstrating high grade areas within the Yaoure Central Zone and the presence of mineralisation in ‘information gaps’” and “continue to confirm the high grade nature and continuity of the CMA zone”. These are expected to expand the mineral resource and reduce the strip ratio.
