Finance & business - 17 July 2018

Simon Jackson has been replaced as CEO by Dr Nicole Adshead-Bell, who acknowledged that the company’s Tucano gold mine in Brazil had “underperformed”.

The company produced 2.3 million oz. of silver and 14 557 oz. of gold plus base metal by-products.

The company has released highlights from its four mines, including a new one under construction in Nevada, US.

Algold Resources enters into several funding agreements including one with Wafa Mining & Petroleum SA to help advance its Tijirit project in Mauritania to the next stage of development.

Altius Minerals Corporation expects to report attributable royalty revenue of approximately US$16.5 million, or US$0.38 per share, for the three month period ended 30 June 2018.

The company’s operational performance was solid across most commodities, rounding out a strong first half performance.

There are currently close to 1400 Queensland job vacancies in mining, resources and energy on the employment website SEEK.