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News & Comment

Cambridge Mineral starts production

Depressed gold hopeful Cambridge Mineral Resources’ Quintana mine in Colombia has begun producing gold. Read

Cambridge clinches funding

Mining and exploration play Cambridge Mineral Resources has agreed £7.6 million of funding for three Colombian gold mines. Read

Cambridge Mineral in Bulgarian sale

Miner and explorer Cambridge Mineral Resources is optimistic about Peruvian prospects after ‘joint venturing’ its Bulgarian interests. Read

Colombian boost for Cambridge

Cambridge Mineral Resources’ Quintana gold project in Colombia could make £2.8 million a year, says an economic feasibility study. Read

High grades cheer Cambridge

Cambridge Mineral Resources says it will soon announce increased gold resources and reserves at Quintana in Colombia. Read

Bulgarian drilling cheers Cambridge

Drilling at Tashlaka Hill, where Cambridge Mineral Resources is minority partner, shows 68 metres at 3.2 grammes of gold a tonne. Read

Colombian boost for Cambridge

Cambridge Mineral Resources has identified an encouraging gold and silver resource at Quintana in Colombia. Read

Colombia beckons Cambridge

Cambridge Mineral Resources claims its Quintana gold project in Colombia could help it achieve 120,000 oz annual production. Read

Persian Gold raises £1m

Irish entrepreneur John Teeling has raised £1 million at 25p for Iran play Persian Gold, which joins AIM on 29 June. Read

Bramhill shuffles the pack

Hereward Ventures, the resources hopeful headed by entrepreneur David Bramhill, has raised £3.4 million at 23.1p as part of a major reshuffle that will involve selling its mineral prospects in Bulgaria and Serbia to Cambridge Mineral Resources in exchange for a seven per cent Cambridge stake. Robert Tyerman reports. Read

Cambridge raises £0.3m

Aim-listed Cambridge Mineral Resources has secured £319,000 in a placing at 7p a share to fund the development of its Lomero-Poyatos gold, copper and zinc prospect in southern Spain. It is also rumoured to be recruiting a senior executive for its board from US mining giant Newmont, writes Robert Tyerman. Read

Natural selection at Cambridge

Aim-listed mining prospector Cambridge Mineral Resources claims SRK Consulting endorses the commercial viability of its Lomero-Poyatos gold, copper and zinc prospect in southern Spain. This is despite US major Newmont's decision in March not to participate in the project. Robert Tyerman reports. Read

Brave words from battered Cambridge

Cambridge Mineral Resources, the Aim-listed exploration group, claims to have high hopes of a mining study into its Lomero-Poyatos gold and base metal project in southern Spain, which it expects to be completed in mid-July, writes Robert Tyerman. Read

Vigour returns to mining markets

May has brought a more robust tone to several mining shares. There are signs that a few more aspirant companies are planning to come to the London market, either to raise serious money or to introduce themselves to UK investors, with a view to tapping them at a later stage.

Read

Decision time for De Beers

The great diamond cliffhanger goes on. As we suggested, the Oppenheimer/Anglo American-led consortium bidding for diamond giant De Beers has improved its offer by about 150p a share to about £1.6 billion or £30.60, in shares, cash and a dividend payment, and the crucial De Beers' shareholders' meeting has been postponed until 18 May.

Read

Copper in vogue as gold wobbles

The gold price has fluctuated in the region of $262 an ounce, as dealers await an expected signal shortly from the Bank of England about central banks' policy on future gold sales from their reserves. Overall, the FT Gold Share index has been edging up, but that is not an infallible guide to the performance of individual shares.

Read

Hereward plans £500,000 Aim issue

Ofex-traded mining hopeful Hereward Ventures will shortly move to the Alternative Investment Market with a £500,000 fundraising at 5p a share, against today's 6.5p market price, writes Robert Tyerman.

Read

Dollar doubts cheer the bulls

Interest in mining deals and projects continues brisk. The new favourite minerals, notably platinum and palladium, remain strong, hovering close to £630 and $890 an ounce respectively.

Read

New issues and new finds hold the stage

Miners have made a mixed showing of late. Of the shares highlighted here recently, platinum group Aquarius has eased slightly, though plans for a listing of American Depository Receipts on Wall Street could stir enthusiasm again.

Read

Recommendations

Cambridge Mineral Res.
SPECULATIVE BUY 26/02/2003

Read
Companies: CMR   

Cambridge Mineral Resources
NO RECOMMENDATION 12/11/2002

Read
Companies: CMR   

Cambridge Mineral Resources
NO RECOMMENDATION 23/09/2002

Read
Companies: CMR   

Cambridge Mineral Resources
NO RECOMMENDATION 04/09/2002

Read
Companies: CMR   

Cambridge Mineral Resources
NO RECOMMENDATION 22/01/2002

Read
Companies: CMR   

Cambridge Mineral Resources
NO RECOMMENDATION 03/04/2001

Read
Companies: CMR   

Cambridge Mineral Resources
NO RECOMMENDATION 27/06/2000

Read
Companies: CMR   

Mining deals in the pipeline
 20/06/2000

Some of mining's more colourful personalities are starting to make waves. In the first of a series of weekly columns on mining, Robert Tyerman looks at Cambridge Mineral Resources, Ashanti, Coronation International, Resolute, Firestone and Latin American Copper.

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Companies: CMR    FDI    RIO   

Cambridge Mineral Resources
NO RECOMMENDATION 24/03/2000

Read
Companies: CMR   

Cambridge Mineral Resources
NO RECOMMENDATION 29/06/1999

Read
Companies: CMR   

Cambridge Mineral Resources
NO RECOMMENDATION 21/05/1999

Read
Companies: CMR   

Cambridge Mineral Resources
NO RECOMMENDATION 16/04/1999

Read
Companies: CMR   

Sector Articles

Aim's big guns shine

People have been saying it for a long time now, but the fact is that this prolonged bear market has thrown up some nice-looking opportunities across all indices and sectors – but especially in the smaller-cap sector. The flight of investors large and small has left a number of quality performers on fetching-looking ratings, some of them ridiculously low. Read

Second liners show value as gold revives

Gold has been testing $300 again in a troubled international scene. Shares have been mixed, although Harmony (HRH) at 787.25p and Durban Roodepoort at 241p are decently ahead of last week's mentions. Rio Tinto (RIO) and Antofagasta (ANTO) have been lacklustre, as has Cluff Mining (CLU), ahead of imminent reserve news. But there is lively action among some of the smaller counters. Read

Mediterranean prospects beckon again

Majors have outshone mining minnows of late, with Rio Tinto strong at £13.46 and worth holding, Antofagasta 18p up on last week at 550p and also one to keep, Lonmin is 36p up at £10.78, while Harmony is 15.5p up at £5: both should go further. In contrast, Tertiary Minerals is nearly 4p off at 18.5p, despite prospects, but should recover, and other smaller shares are off. Griffin Mining has gained 0.75p to 5.5p on Chinese prospects and should go better. Punters await imminent news from Gold Mines of Sardinia.

Read

New issues still keep coming

Gold has failed to break back up through $280 an ounce and hold it, but some of the gloom has lightened elsewhere. Rio, advocated here last week, has edged higher to £11.58 and copper play Antofagasta has inched 24p to 450p. Read

Vigour returns to mining markets

May has brought a more robust tone to several mining shares. There are signs that a few more aspirant companies are planning to come to the London market, either to raise serious money or to introduce themselves to UK investors, with a view to tapping them at a later stage.

Read

Decision time for De Beers

The great diamond cliffhanger goes on. As we suggested, the Oppenheimer/Anglo American-led consortium bidding for diamond giant De Beers has improved its offer by about 150p a share to about £1.6 billion or £30.60, in shares, cash and a dividend payment, and the crucial De Beers' shareholders' meeting has been postponed until 18 May.

Read

Copper in vogue as gold wobbles

The gold price has fluctuated in the region of $262 an ounce, as dealers await an expected signal shortly from the Bank of England about central banks' policy on future gold sales from their reserves. Overall, the FT Gold Share index has been edging up, but that is not an infallible guide to the performance of individual shares.

Read

Dollar doubts cheer the bulls

Read

New issues and new finds hold the stage

Read