Shares in junior miner Mwana Africa have started to re-rate on the back of good operational progress since we suggested buying them in December. Management has increased the gold resource by 41 per cent at the company's Zani-Kodo project in Democratic Republic of Congo, in which Mwana has an 80 per cent interest. The total resource there now stands at 2.0m ounces and, encouragingly for the company, that increase was achieved since July 2011.
IC TIP:
Buy
at
6.1p
At Mwana's operations in Zimbabwe, the Freda Rebecca gold mine is overcoming some processing issues following the start-up of a second mill, while efforts continue to finance the restart of nickel production at Bindura.
