StockMarketWire.com - Stratex International's [LON:STI] was the sector's biggest riser in late trading after reporting a significant increase in gold production on its 45%-owned Altıntepe gold mine in Turkey in the first 2.5 months of the year.

First gold pour was reported at the end of 2015 and sales up to 16 March stood at 12,280 oz gold, and to date the operating company Altıntepe Madencilik has generated total revenues of US$14.3 million.

Chief executive Bob Foster said:: "Altıntepe has seen a significant increase in gold production in the first 2.5 months of the year and is on target to deliver the minimum expected annual production of 30,000 oz gold during 2016. Our partner Bahar Madencilik has managed the initial ramp-up very successfully and we are now working closely with them to optimise the mine development schedule for the next few years. This will allow us to critically evaluate the requirements for working and development capital."

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Greatland Gold [LON:GGP] has confirmed that, further to the announcement of 6th April 2016 and following completion of due diligence procedures, the Company has appointed Alex Borrelli and Paul Johnson as non-executive directors.

Chairman Andrew Bell said: "We are pleased to announce the appointment of Alex and Paul as new non-executive directors. We have already commenced the strategic review outlined in our announcement of 6th April which will encompass an assessment of our existing projects and the consideration of a range of new opportunities, some of which may emerge from the network of contacts and pipeline of opportunities that the new directors have developed at Metal Tiger Plc.

The board of Greatland will be actively engaged in driving the Company forward by focussing management and financial resources on the best prospects in the current portfolio and by identifying and acquiring new opportunities that have the potential to deliver material returns for investors.

It is an exciting time for the Company and we start this new phase when the mineral resource sector is showing signs it may be finally emerging from the doldrums. We would like to thank investors for their support thus far, and we trust that the new energies we have within the team will help drive the value our ardent investors deserve."

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Eurasia Mining [LON:EUA] has announced that RostekhNadzor - the Federal Service for Ecological, Technological and Nuclear Supervision - has approved the Technical Design Report and the mine plan in respect of its West Kytlim alluvial platinum project in the Urals.

Accordingly, the Company confirms that the "mining allotment" certificate has been issued permitting the carrying out of mining works at Eurasia's first area of development at Malaya Sosnovka. With this formality all the approvals for mining have been obtained.

Christian Schaffalitzky, Managing Director, commented: "We are very pleased with the steady progress to production in our West Kytlim project. Mining is still targeted to commence this summer with our preparatory work still on schedule. We look forward to updating shareholders on a regular basis."

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SolGold [LON:SOLG] is to make a donation to the Ecuador government help the earthquake relief effort.

SolGold - which is currently exploring the Cascabel copper-gold porphyry project in Imbabura Province in northern Ecuador - says the board wishes to expresses its sincere condolences for the tragic loss of life and homes from the earthquake.

The company says there has been no disruption of any kind to its activities at Cascabel and an exploration update will be prepared in due course.

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Trans-Siberian Gold [LON:TSG] says mine development activities at Asacha in the first quarter comprised approximately 1,115 metres, while ore extraction (including ore from stoping and mine development) amounted to 44,067 metric tonnes. Plant throughput averaged 13,433 mt per month (7.5% above planned 12,500 mt).

The previously reported changes in mining methods, including shallow hole blasting, have contributed to a reduction in ore dilution to 36.6% in the first quarter of 2016, compared to 40.4% in 2015. Ore delivered to the plant in the first quarter included 17,398 mt of new stoping ore with average grade of 10.3 g/t, however delays in mine development, including construction of the transportation ramp to the 150m and 100m levels, as a result of the previously reported flooding in 2015, have restricted the mine's ability to access new stoping ore. In order to maintain monthly plant throughput of at least 12,500 mt it has been necessary also to process earlier mined tonnage with lower grades.

The company is cautiously optimistic that the proportion of new, richer grade, stoping ore in ore processed by the plant will increase during 2016. The lower gold grade in February reflected a temporary slowdown of mining activities in that month as a result of a fire at Asacha. This caused minimal damage (estimated at US$25,000) and normal production soon resumed.

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Amur Minerals Corporation [LON:AMC]has completed the full restock and mobilisation of all newly purchased mobile equipment to its Kun-Manie nickel copper sulphide project located in the Far East, Russia.

The successful completion of the mobilisation effort positions the company to undertake and continue its development of the project toward the completion of its definitive feasibility study.

it said the largest total resupply effort ever undertaken on the project began on 1 March and was completed on 9 April. A total of 500 tonnes of supplies, spare parts and materials have been delivered over the 350 kilometre long ice road.



At 3:53pm:

[LON:BEM] Beowulf Mining PLC share price was -0.37p at 3.83p

[LON:BKY] Berkeley Energia Ltd share price was 0p at 29.25p

[LON:CEY] Centamin PLC share price was +0.85p at 102.45p

[LON:CHL] Churchill Mining PLC share price was +4.25p at 26.38p

[LON:CZA] Coal of Africa Ltd share price was +0.25p at 2.25p

[LON:EUA] Eurasia Mining PLC share price was +0.03p at 0.68p

[LON:FDI] Firestone Diamonds PLC share price was +0.5p at 30.25p

[LON:FRES] Fresnillo PLC share price was -7p at 1012p

[LON:GEMD] Gem Diamonds Ltd share price was -1.75p at 136p

[LON:GGP] Greatland Gold PLC share price was +0.02p at 0.19p

[LON:HOC] Hochschild Mining PLC share price was +0.38p at 127.88p

[LON:KMR] Kenmare Resources PLC share price was +0.03p at 0.99p

[LON:SOLG] SolGold PLC share price was -0.1p at 3.43p

[LON:STI] Stratex International PLC share price was +0.43p at 2.08p

[LON:TSG] TransSiberian Gold PLC share price was -3.5p at 38.5p

[LON:VED] Vedanta Resources PLC share price was -4.5p at 383.7p



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