Mariana Resources has entered into an option agreement to earn up to a 50.01% interest in Nassau Gold Limited, a joint venture company between Mariana and Sumin Resources Limited for the development of the Nassau Gold Project.
Powerflute has increased its H1 pretax profit by 31% to 6.9m euros, from 5.2m euros a year ago. Revenue was up 10% to 72.7m euros, from 66.3m euros. It paid a dividend of 1.35 euro cents in May.
Range Resources has signed a loan agreement for up to $15m in medium-term financing with Lind Asset Management, LLC, a New York-based institutional investor managed by the Lind Partners, LLC.