Articles tagged 'falgold'

Falgold narrows loss 2 July 2018 HARARE - Zimbabwe Stock Exchange-listed gold producer, Falcon Gold (Falgold), has narrowed its losses to $1,68 million in the half year to March 31, 2018 compared to $2,4 million in the same period last year. However, the gold miner remains concerned over the current high tax regime that has l...
Falgold to resume explorations 2 January 2017 HARARE - Zimbabwe Stock Exchange-listed resources group Falcon Gold (Falgold) said it is planning to resume exploration works it had stopped last year due to the country’s worsening economic condition. The group’s executive chairman, Ian Saunders, said there were chances that Falgold could per...
ACR pursues $18m funding 23 July 2014 HARARE - AIM-listed African Consolidated Resources (ACR) says it remains in negotiations with investors concerning $18 million funding. The miner intends to spend the cash on acquiring Falcon Gold Zimbabwe (Falgold)’s Dalny Mine and to fast track production at its Pickstone Peerless Gold proje...
ACR's Dalny deal awaits shareholder approval 2 July 2014 HARARE - AIM-lIisted miner African Consolidated Resources (ACR) awaits Falcon Gold Zimbabwe (Falgold) shareholders’ approval to finalise the acquisition Dalny Mine (Dalny). The group plans to buy Dalny, wholly-owned by Falgold, for $8 million. Falgold said the Zimbabwe Stock Exchange (ZSE)’...
ACR, Falgold in $8m mine deal 17 June 2014 HARARE - United Kingdom-based African Consolidated Resources (ACR) is set to acquire Falcon Gold (Falgold)'s Dalny Mine (Dalny) for $8 million. Falgold's plan to dispose of Dalny has been on the cards since last year, when the Kadoma mine was mothballed due to operational challenges. “The c...
Falgold seeks High Court order 7 March 2013 HARARE - Falcon Gold Zimbabwe (Falcongold), one of the country s leading gold producers, has applied for a High Court order to bar employees from grabbing its Dalny Mine. In an urgent chamber application, Falgold is citing Mullasios Sakala and 17 others as respondents. The court heard that respon...