The country's Reserve Bank has ordered platinum and chrome miners to surrender 80 percent of their export earnings to the central bank as the country struggles to contain a crippling dollar note shortage.
While Bulgaria may not be the first country investors equate with gold mining, executives at one TSX Venture Exchange-listed company are sitting on pins and needles waiting for the drill results that could prove their high-grade thesis.
The company, to be named Integra Resources Corp, plans to acquire an advanced-stage gold-silver project in Canada or the United States in the next two months, and then apply to list on the TSX Venture Exchange, CEO George Salamis said.
South African miner Harmony Gold reported a 35 percent rise in full-year profit on Thursday and said it will look at growth, exploration and acquisitions to meet its 2019 production targets.
Kaz Minerals, a copper company focused on Kazakhstan, narrowed its full-year production guidance on Thursday to 235,000-260,000 tonnes after first-half output more than doubled, boosted by a market hitting multi-year highs.
South Africa's Sibanye Gold flagged up a first-half earnings per share loss on Thursday, citing provisions worth 1.1 billion rand ($84 million) for a possible settlement with miners who contracted lung diseases at work.