US Department of Justice indicts Beaufort Securities on fraud and money laundering charges

The United States Department of Justice (DoJ) has indicted Beaufort Securities and two members of its staff on charges of US securities fraud and international money laundering following an undercover sting operation. The DoJ has just revealed an indictment it unsealed yesterday against Beaufort Securities, Beaufort Management Services alongside several other individuals and companies on…

With Avesoro Resources storming ahead of peers in February, is the market finally buying its long-term story? (ASO)

Avesoro Resources (LSE:ASO) was the only UK-listed gold miner to see an increase in its share price over the month to 21 February. Could the firm’s strong fundamentals finally be outweighing concerns around liquidity and consolidation? As the table below shows, Avesoro, London’s seventh largest gold producer, rose 13.3pc to 235p over the period, beating peers…

Market love-in with Asiamet continues as miner begins drilling at massive Indonesian project (ARS)

Asiamet Resources (LSE:ARS) enjoyed a boost today following the much-anticipated announcement that it has begun drilling at its Beutong Copper-Gold Project in Indonesia. With Beutong currently offering JORC compliant resources containing 2.4Mt copper, 2.1Moz gold, and 20.6Moz silver, the news caught investors’ eyes and Asiamet’s shares rose 12pc, or 1.3p, to 12.5p. Beutong is a…

Eco Atlantic confident as neighbour ExxonMobil nails seventh bumper oil discovery in Guyana (ECO)

Oil giant ExxonMobil (NYSE:XOM) has announced a seventh major oil discovery in offshore Guyana, further boosting the prospects of its AIM-listed neighbour Eco Atlantic Oil & Gas (LSE:ECO). Exxon’s discovery is its seventh in the area and the closest to Guyana’s Orinduik Block, where Eco currently holds a 40pc interest alongside Tullow Oil (LSE:TLW) and…