- Condor Gold's [LON:CNR] shares were up in late trading after it successfully re-negotiated the terms to acquire 100% of the Espinito Mendoza concession in the heart of La India project, Nicaragua.

The revised terms end a dispute between the sellers of the Espinito-Mendoza Concession and the company as detailed in Condor's interim report and accounts to 30 June 2015. The resolution allows the company to advance the concession on terms acceptable to the company.

* * *

Green Dragon Gas [LON:GDG] has announced the 8th anniversary of production from GSS-008, the first well to be drilled using the LiFaBriC completion design.

GSS-008 first came on line on 21 March 2008 and this year has completed eight straight years of continuous and sustained gas production.

The well has yet to show any decline in production rate and to date has produced a cumulative 1.28 Bcf of gas production.

Chairman and founder Randeep S. Grewal said: "I am exceptionally proud of the continued outstanding performance of GSS-008, the very first well completed using our LiFaBriC technique. The continuous and consistent performance year-on-year from this well since 2008 demonstrates the transformational impact of our LiFaBriC well design that is specifically tailored to address the unique challenges of complex faulted coal seams in China."

* * *

Caledonia Mining Corporation [LON:CMCL] posts a net profit of $4,779,000 for 2015 = up from $4,435,000 last time.

The effect of lower revenues ($48.98m against $53,5m in 2014) was outweighed by a foreign exchange gain arising from the devaluation of the South Africa rand against the US dollar and lower taxation

Caledonia Mining Corporation has successfully completed the re-domicile of the company into Jersey, Channel Islands.

Chief executive Steve Curtis said: "2015 was another challenging year due to the lower gold price. Despite the tough environment, Blanket remained cash generative at the operating level. Production in 2015 was 2.5 per cent higher than in 2014 and 2 per cent higher than target, at 42,806 ounces.

"Investment at the Blanket Mine increased from $6 million in 2014 to almost $17 million in 2015 due to the implementation of the Revised Investment Plan, which was announced in November 2014. The objectives of the Revised Investment Plan are to: increase production to approximately 80,000 ounces of gold in 2021; further improve Blanket's operational efficiency; and enhance Blanket's ability for further deep level exploration and development, thereby extending the life of mine.

"Implementation of the Revised Investment plan is on-track and within budget. During the year the Tramming Loop was completed, which allowed a sustained increase in tonnes produced in the second half of the year.

"In the middle of March 2016, production from below 750 meters commenced, as planned, via the Number 6 Winze. Production from below 750 meters is expected to increase progressively in the remainder of 2016 and 2017 and will contribute to the higher targeted production of approximately 50,000 ounces of gold in 2016 and approximately 65,000 ounces of gold in 2017."

* * *

Bezant [LON:BZT] has appointed Beaufort Securities as the company's sole broker with immediate effect. Strand Hanson will continue to act as Bezant's nominated adviser. Non-executive chairman Ed Nealon said: "We have engaged Beaufort Securities as our broker as Bezant looks to progress its recently acquired platinum interests in Colombia.

"Our objective is to rapidly assess the full production capability of the lead project with a view to exercising one or more of the options held by our subsidiary, Leeward Islands Exploration LLC, and moving swiftly into the development phase to ultimately create a new, low cost platinum production source that sits outside of South Africa."

* * *

Centamin's [LON:CEY] revenues rose to $508.4m in the year to the end of December - up from $472.6m last time.

But EBITDA fell to $152.2m from $165.5m and pre-tax profits of $58.4m were down from $81.6m a year ago.

Production rose to 439,072 ounces, a 16% increase on 2014 and within the revised guidance range. Q4 2015 production of 117,644 ounces was within Sukari's target annualised rate of 450,000 to 500,000 ounces.

Cash operating costs of US$713 per ounce was down from US$729 per ounce in 2014, mainly due to lower fuel prices, although marginally above guidance US$700 per ounce despite higher production than originally forecast.

Chairman Josef El-Raghy said: "During 2015 Centamin has maintained its strategic focus on generating shareholder returns and value-accretive growth, despite the continued gold price weakness and widespread challenges across the industry.

"Our flagship Sukari Gold Mine has continued to deliver substantial free cash flows, driven by a sixth successive year of production growth and industry competitive costs. The strong performance of our core asset, together with the Company's robust financial position, allowed the board of directors to approve an interim 2015 payment of 0.97 US cents per share (versus a 2014 interim payment of 0.87 US cents per share). I am now pleased to announce the approval of a final dividend for 2015 of 1.97 US cents per share. This represents a full year pay-out of approximately US$33.7 million, which sits at the top end of our dividend policy to pay out 15-30% of our net free cash flow."

* * *

Amur Minerals [LON:AMC] has completed the construction of its 2016 winter ice road from the Baikal-Amur rail siding to its Kun-Manie project and begun the restocking of project for its field programme.

To date, three convoys have delivered more than 114 tonnes of fuel and 85 tonnes of spare parts and supplies to the site.

The annually constructed ice road covers a distance of approximately 350 kilometres. In total, 240 tonnes of winter, summer and aviation fuel, and over 160 tonnes of supplies and spare parts will be delivered to the site to support the 2016 field work programmes and related activities.

The complete resupply will enable the Company to drill up to 15,000 metres of diamond core holes which will result in the acquisition of a bulk metallurgical sample, infill drilling of areas that are classified as Inferred resources and to also continue with step out drilling to expand the existing resource.

Already, the onsite mobile equipment has undergone a comprehensive maintenance programme bringing this component of the fleet to a fully operational status.

* * *

Horse Hill Developments Limited has informed Alba Mineral Resources [LON:ALBA], Doriemus [LON:DOR], and Evocutis [LON:EVO], Regency Mines [LON:RGM], Solo Oil [LON:SOLO], Stellar Resources [LON:STG] and UK Oil & Gas [LON:UKOG] that the final Horse Hill 1 Portland test flowed at a stable dry oil rate of 323 barrels of oil per day, double the previously reported rate.

The final total aggregate stable dry oil flow rate from two Kimmeridge limestones plus the overlying Portland sandstone stands at 1688 bopd. Over the 30-90 hour flow periods from each of the 3 zones, no clear indication of any reservoir pressure depletion was observed.

Further analysis of data is ongoing and will be reported shortly.

At 4:07pm:

[LON:AQP] Aquarius Platinum Ltd share price was -0.12p at 13.38p

[LON:BEM] Beowulf Mining PLC share price was +0.15p at 4.3p

[LON:BKY] Berkeley Energia Ltd share price was +0.88p at 26.38p

[LON:BZT] Bezant Resources PLC share price was 0p at 2.25p

[LON:CEY] Centamin PLC share price was -2.37p at 90.18p

[LON:CHL] Churchill Mining PLC share price was +1.01p at 13.88p

[LON:CMCL] Caledonia Mining Corp share price was 0p at 48.5p

[LON:CNR] Condor Gold PLC share price was +3p at 43.5p

[LON:CZA] Coal of Africa Ltd share price was +0.35p at 2.3p

[LON:FDI] Firestone Diamonds PLC share price was 0p at 23.75p

[LON:FRES] Fresnillo PLC share price was -7p at 981p

[LON:GDG] Green Dragon Gas Ltd share price was +5p at 295p

[LON:GEMD] Gem Diamonds Ltd share price was +2.13p at 108.88p

[LON:HOC] Hochschild Mining PLC share price was +1.25p at 85.75p

[LON:KMR] Kenmare Resources PLC share price was -0.02p at 1.08p

[LON:VED] Vedanta Resources PLC share price was +12.55p at 322.55p

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