Commodity prices may be in freefall but there was plenty of upbeat news from the mining sector this week.
It produced 10,927 ounces of gold from the pit during the third quarter of 2015, a 5% increase on the previous quarter and a 10% increase on production in the same period in 2014.
Elsewhere in Africa, Firestone Diamonds (LON:FDI) agreed to extend the closing date of its disposal of its Botswana diamond operations to give purchaser Tango Mining (CVE:TGV) more time to raise the money.
On October 2, Tango told Firestone it had not been able to pay US$0.3mln into escrow as a deposit for the deal. The new deadline is April 8.
There was good news for workers at Pan African Resources (LON:PAF) as the South African gold miner agreed a wage settlement for the next three years with the unions at its two mines, Evander and Barberton.
Galantas said it was aware of correspondence from an individual saying they may challenge the Department of Environment Northern Ireland's approval of the company's proposal to mine beneath the existing open pit.
The extension of the long stop date until the end of March 2016 will give the pair more time to fulfil applicable approval processes.
Mining royalty specialist Anglo Pacific (LON:APF) also struck a brighter note, saying it expected sales this year from Narrabri coal mine in Australia to exceed its run of mine production.
European Metals owns the exploration rights to the Cinovec deposit, “one of the most significant lithium deposits in Europe,” the company said.