Gold junior Orinoco has tapped investors for a near-$5 million capital raising and a $3 million investment by AngloGold Ashanti, as it progresses development of its Cascavel operation in Brazil.
Orinoco Gold has appointed Craig Dawson, current chief operating officer, as chief executive officer. John Hannaford has retired as non-executive chair.
West African gold miner Noble Mineral Resources has halted surface mining operations at its Bibiani project in Ghana, as it evaluates funding options for an underground development.