Mining Bulletin

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Mining Bulletins

The full story: In-depth news and analysis

An excellent H1 17 has seen Kaz Minerals more than double its bottom line profit to $185M on higher production, lower costs and with new expansion coming on stream

A 4 times jump in non-recurring items is expected to see gold-platinum miner Sibanye Gold plunge $382M from an H1 16 profit to H1 17 $360M loss

Evolution Mining is predicting more of the same in the coming year after the acquisition of a 30% interest in Glencore's Ernest Henry mine helped it lift FY17 statutory net profit after tax to a record $A217.6M.

Mineral Resources says innovations it has implemented in the course of the last 12 months at its West Australian iron ore operations will continue to improve its bottom line in FY18 and beyond.

India’s 1st privately-owned open pit gold mine in 70-years gets Geomysore go-ahead following positive preliminary FS flags 140,000oz over initial 7-years

Explorers Spitfire Materials and Aphrodite Gold are getting together to bring on their neighbouring advanced gold projects in Western Australia. By Mark Mentiplay

Increased Q3 17 gold production and revenue has failed to stop Orvana Minerals’ net loss blowing out to $3.44M

Mandalay Resources has plunged from profit to an H1 17 $12.5M loss, with the flood-forced closure of the Cerro Bayo mine also severely cutting FY/CY17 expectations

Big African contractor BCM is buying Endeavour Mining’s 100,000oz+ pa Nzema Gold Mine in Ghana for $65M cash

Increased H1 17 earnings and gold production as Tahoe Resources suspends dividends and guidance estimates as anti-mining protests suspend prime Guatemala producer. By MBM’s North American correspondent

Glencore has again signalled it is in no particular rush to give the go-ahead for development of a multi-billion dollar thermal coal export project in Australia's Surat Basin despite the long-awaited award of its mining licences

It’s been a good H1 17 for chrome/ferrochrome partner Merafe Resources – record prodn for a big profit jump to R486.6M

Prairie Mining has hit back at criticism of its advanced feasibility-stage Jan Karski mine in the Lublin Coal Basin in the country's southeast.

The declaration of a maiden resource estimate at its probable first underground mine site supports the ambitious expansion plan by Millennium Minerals at its flagship Nullagine gold project in Western Australia. John Feary reports

If Canadian-based miner Kirkland Lake Gold was enthusiastic about the declaration of over 1Moz of reserves at its Fosterville gold mine in central Victoria, the Australian state's resources minister was euphoric.

Lucara Diamond Corp has cut FY17 diamond production after reduced Q2 17 output from its Botswana operation halved H1 17 net income to $30.6M.

Despite lower gold/silver production yielding a Q2 17 $1.7M loss, America’s miner McEwen Mining is expecting steady FY/CY17 output of 144,000oz AuEq

Squeezed out of the Philippines by the anti-mining policies of President Rodrigo Duterre, miner Red 5 has outlaid $35M to acquire two projects with the aim of establishing a West Australian mining and processing hub. John Feary reports

With H1 17 production steady for a big net earnings jump to $167.7M, Kinross Gold is treading a profitable path to 2.5Moz-2.7Moz AuEq in FY/CY 2017

Terramin has done another J/V deal on another of its S Australian projects – $6M exploration for up to 75% of its Kapunda copper operation. By Mark Mentiplay

Corruption charged major Braziian engineer Odebrecht has sold its 16.4% stake in a big Angolan diamond mine for an estimated $300m in pursuit of its £2.9B asset sale goal.

Investment group Ibaera has signed to outlay up to $19M, primarily for a near 50% stake in Azumah’s advanced Ghana gold project

Ramping San Julian and Fresnillo mines underpin a cashed-up Fresnillo lifting H1 17 profit 87.2% to $310M

Despite easing gold production and increased costs, Alacer Gold has more than doubled Q2 17 net profit to $23M

The expansion study for Millennium’s W Australian gold operation has come up with a new production line to lift production and prolong mine life. By Mark Mentiplay

Beadell Resources is maintaining FY2017 gold production guidance at 140,000oz despite its first half output dipping to just over 52,000oz.

Financially impaired Weatherly Int’l secures another $10M as Q2 17 copper production limps upwards, but FY17 falls

A ramping San Julian project and revival of its namesake mine have fuelled an improved Q2 17 putting Fresnillo on track for top end FY/CY17 61Moz silver and 900,000oz gold

1st half 2017 bad weather has cut Millennium Minerals’ FY2017 gold expectations, with costs flagged to rise as new mining strategy pursued

Mill and production records see Detour Gold nicely on track for FY/CY17 550,000oz-600,000oz

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