Gold estimates up at African firm

■ Gold miner African Consolidated Resources yesterday upped its resource estimate to 3.2m ounces of gold, from 513,000 ounces, at its Pickstone-Peerless gold project in Zimbabwe. The gold firm says that 1.5m ounces are “open-pittable” at a good gold grade. It is moving the project forward this month with a feasibility study, which is targeting over 100,000 ounces of gold per year.