An updated mineral resource estimate for Indochine Mining’s Mt Kare Gold-Silver Project in Papua New Guinea has more than doubled the measured and indicated resource. ASX-listed Indochine says the updated estimate has confirmed improved project confidence. 
Atlantic, Gulf and Pacific (AG&P), an industrial process outsourcing (IPO) company, providing engineering, fabrication, modularization, installation, operation and maintenance to the oil & gas, mining, power and civil infrastructure sectors, has raised about US$53 million in an equity financing. The financing is part of a broader capital raising program and follows the closure of a corporate note issuance and working capital line offering in the Philippines earlier in the year which raised about US$93 million.
Processing at B2Gold’s Masbate gold operations on Masbate Island has resumed after minor leaks in the process plant tailings line were observed leading to a suspension of operations from June 5. Subsequent measurement led to steel line replacement before operations recommenced on June 22.
Officials at Medusa Mining have reduced production estimates after narrower than expected gold veins affected performance at the Co-O project in eastern Mindanao.