Vatukoula mine production continues as Fiji floods subside
Fiji-based Vatukoula Gold Mines (LON:VGM) reported today the heavy rainfall and flooding experienced over the last week is unlikely to affect production. “Ingress of water into the mine has rendered...
View ArticleVatukoula Gold shares advance on £5.4 mln Chinese investment
Vatukoula Gold Mines (LON:VGM) has secured a strategic investment from a new Chinese partner. It revealed today that Shandong based mining investor, Zhongrun International Mining, will buy 9 million...
View ArticleVatukoula Gold Mines continues towards goal of producing 100,000 ounces per year
Vatukoula Gold Mines (LON:VGM) continues to advance towards its goal of producing 100,000 ounces of gold per year from its flagship mine in Fiji. It produced gold at a "significantly" higher rate in...
View ArticleVatukoula Gold Mines continues towards goal of producing 100,000 ounces per...
Vatukoula Gold Mines (LON:VGM) continues to advance towards its goal of producing 100,000 ounces of gold per year from its flagship mine in Fiji. It produced gold at a "significantly" higher rate in...
View ArticleVatukoula Gold Mines' chief executive and finance director buy shares
Vatukoula Gold Mines' (LON:VGM) chief executive David Paxton today bought 40,000 shares in the company. Paxton purchased the shares at 47 pence each for a transaction cost of £18,800, it said in a...
View ArticleVatukoula Gold: Heavy rains impact Q3 figures
Vatukoula Gold (LON:VGM) today revealed that April’s heavy Fijian rains had an impact on operations in the third quarter. The rains affected production with 11,390 ounces being produced, compared to...
View ArticleVatukoula Gold: Approaching a tipping point in underground mine development
Vatukoula Gold Mines (LON:VGM) is working towards an important tipping point. At the Vatukoula site in Fiji, the company’s emphasis has been on re-establishing the infrastructure and access to the high...
View ArticleVatukoula Gold Mines lands £10.3 mln Chinese investment priced at 60 pct premium
Vatukoula Gold Mines (LON:VGM) is bringing in a strategic Chinese investor to help it expand and grow its mining operations in Fiji. The Shengen Xintai International Mine Industry Group is investing...
View ArticleNew Chinese investor underlines potential at Vatukuola says broker
The investment in Vatukoula Gold Mines (LON:VGM) by Chinese firm Xintai is a big vote of confidence in the Fiji-based gold miner according to broker WH Ireland. Xintai will invest £10.3 mln in...
View ArticleVatukoula Gold mulls legal action as Xintai fails to complete subscription
Fiji-based gold miner Vatukoula Gold (LON:VGM) is take legal action against Chinese firm Shengen Xintai International after it failed to complete a £10.3 mln cash injection. Existing shareholder...
View ArticleUPDATE: Vatukoula Gold mulls legal action as Xintai fails to complete...
--adds broker comment and share price— Fiji-based gold miner Vatukoula Gold (LON:VGM) is taking legal action against Chinese firm Shengen Xintai International after it failed to complete a £10.3 mln...
View ArticleVatukoula finds new mining areas but production affected
Vatukoula Gold Mines’ (LON:VGM) drive underground affected production in its latest quarter but has exposed new mining areas it said today. Production at the Vatukolula mine in Fiji in the three...
View ArticleVatukoula Gold Mines to further reduce costs in 2013, reckons WH Ireland
Vatukoula Gold Mines (LON:VGM) announced steady progress in its first quarter, says broker WH Ireland, which rates the shares a 'buy'. In an operational update, the firm revealed it had continued its...
View ArticleVatukoula Gold Mines' Stalker resigns from board
Ian Stalker, non-exec director at Vatukoula Gold Mines (LON:VGM), has resigned from the board. He steps down with effect from tomorrow (Jan 3) for personal reasons, the firm said. Colin Orr-Ewing,...
View ArticleVatukoula production growth would see it trade above current EV/Resource...
Production growth at Vatukoula Gold Mines (LON:VGM) would see the company trade above current enterprise/resource levels, notes research house Edison. Vatukoula, with assets in Fiji, is a developing...
View ArticleVatukoula Gold Mines reveals new high grade drilling results
Vatukoula Gold Mines (LON:VGM), the AIM-listed gold producer, has unveiled additional high grade drilling results from its gold mine in Fiji.Highlights of the drilling campaign on the Prince William...
View ArticleVatukoula says mine development strategy is sound
Vatukoula Gold Mines (LON:VGM) has told investors that its long term production targets are achievable and its mine development strategy is sound. Wednesday morning’s interim results revealed another...
View ArticleVatukoula Gold gets cash from main shareholder
Vatukoula Gold Mines’ (LON:VGM) major shareholder Zhongrun has increased its stake to 29.9% after it backed a share placing to raise £1.32mln. The Chinese mining group took up all of the 8.8mln shares...
View ArticleVatukoula Gold has long-term appeal suggests broker
Zhongrun’s continued backing of Vatukoula Gold Mines (LON:VGM) shows the Chinese firm recognises the significant long-term value in the ore body, according to WH Ireland. Zhongrun yesterday stumped...
View ArticleVatukoula Gold Mines gets cash injection from oilfield group
A Chinese oilfield services group is to take an almost 20% stake in Vatukoula Gold Mines (LON:VGM) at a substantial premium to the current share price. SCD Energy, a subsidiary of DRK Energy, has...
View ArticleVatukoula Gold soars on share subscription at 15p
Shares in Vatukoula Gold Mines (LON:VGM) doubled on Monday morning as Chinese oilfield services firm DRK bought a 19% stake at more than twice the price on Friday. SCD Energy, a subsidiary of DRK, has...
View ArticleVatukoula Gold Mines appoints new chairman
Fiji-focused Vatukoula Gold Mines (LON:VGM) has appointed Yingbin Ian He as its new non-exec chairman. He replaces Colin Orr-Ewing who announced his intention to stand down in February and who had...
View ArticleVatukoula Gold focused on finance for mine development
Low production and lower grades hit Vatukoula Gold Mines’ (LON:VGM) first half with the Fiji-based miner now focused on raising the finance to develop higher grade areas at the mine. Vatukoula reduced...
View ArticleVatukoula Gold Mines' CEO tops up after interims
Vatukoula Gold Mines’ (LON:VGM) chief executive, David Paxton, has put his hand in his pocket to top up his shareholding in the Fiji-based miner. Paxton bought 40,800 Vatukoula shares at 9.8p each on 3...
View ArticleVatukoula Gold Mines to complete £4.5 mln share subscription
Although no longer a director, Morzaria will remain as the finance chief at the firm, however, and continue to play a critical role in the development of VGM. DRK has also agreed to work together with...
View ArticleVatukoula Gold Mines aims to seal debt financing in September
Vatukoula Gold Mines (LON:VGM) is eyeing September this year for completing its debt financing to fund the planned expansion at its flagship gold mine in Fiji. Reporting quarterly numbers, the company...
View ArticleVatukoula completes second tranche of placing
Vatukoula Gold Mines (LON:VGM) has completed the second tranche of its placing announced in May. On May 20 this year, it was announced SCD Energy, a subsidiary of Chinese oilfield services firm DRK,...
View ArticleVatukoula Gold Mines awaits first tranche funds
Vatukoula Gold Mines updated on its £26mln (US$40mln) financing from largest shareholder Zhongrun International Mining, saying it was waiting for the first tranche of funds to arrive after the approval...
View ArticleRange has a 32% stake in the project, where sales totalled more than 9,000...
Continuing cost controls and higher grades meant Vatukoula Gold Mines (LON:VGM) reported lower cash costs per tonne of production in the 12 months to end August. In a results and operation update, the...
View ArticleVatukoula’s losses widen on lower gold prices, production
Vatukoula Gold Mines (LON:VGM), owner of the longest producing gold mine in Fiji, said its full-year underlying losses ( EBITDA) widened on lower gold prices and as a lack of capital investment...
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