Mining Bulletin

The full story: In-depth news and analysis

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Mining Bulletins

The full story: In-depth news and analysis

A much better copper price has helped offset Copper Mountain Mining copper/precious metals credits falls for a $43.3M profit

New study sees $60M underground operation, expected to produce 170,000oz over a 4.2-year LoM, set to lift Roxgold’s Burkina Faso gold production to 150,000oz pa +

Strong September quarter delivers cash-flow turnaround for AngloGold Ashanti and its portfolio restructuring programs.

Patagonia Gold finds a solution to clay issues at its Cap-Oeste mine in southern Argentina, but not in time to prevent a 60% plunge in its FY2017 production guidance.

PEA has flagged a 2028 start for Lucara’s Karowe underground diamond operation following the conclusion of open pit operations there in 2026

Problems with its new contractor have forced Lucara to cuts its FY/CY 17 Botswana diamond production/revenue expectations

Q3 17 has been another successful one for Golden Star and its 2 burgeoning Ghana gold operations, but with a 64% production not enough to offset a net profit dip to $12.1M

A steady Hudbay ship has avoided any fallout from slightly lower copper production by lifting zinc-gold-silver output and its bottom line profit to $41M

A range of extraordinary charges, including a $60M settlement deal with the Kyrgyz Govt over the Kumtor Gold Mine, has pushed Centerra Gold’s net income down 10%, albeit with gold production up 62%

With the recommissioning of the Blair Athol Coal Mine in Australia that TerraCom bought for $1 completed, the company is set for its targeted H1 18 3.5Mtpa

Avesoro Resources has done a $69.5M shares/cash deal to add 2 producing Burkina Faso gold mines to its Liberian production from its 73.5% shareholder

Kefi Minerals has further refined its Tulu Kapi gold project 2017 DFS update, lifting plant size and initial production to 145,000oz pa

Despite a series of processing issues that cut global YTD 17 lead production 14%, Nyrstar has lifted EDITDA 35% and revenue 33%

Chinese auto major Great Wall has secured a 3.47% stake in lithium developer Pilbara Minerals via the 1st part of its offtake/equity deal, with an option for another 75,000tpa via $50M debt financing

With its N American, African and Australian gold operations reaching their full potential to increase YTD 2017 production, Newcrest Mining has gone from a loss to a $429M profit

Despite lifting copper and nickel production, First Quantum Minerals has turned a previous $210M profit to a $201M loss in the Sept 2017 9-months

Despite deadly wildfires cutting Q3 17 Gibraltar operations, Taseko Mines has emerged from the red to a $42M profit

Lower gold production, higher costs, Tanzania’s export ban and cutting $6.4B in debts have sent Barrick Gold into the red in Q3 17.

Goldcorp maintains FY/CY 17 2.5Moz gold production, despite lower Q3 17 production, increased costs and a profit down $24M.

With its new Rainy River project limbering up in the wings and an improved YTD-17 profit, New Gold has lifted FY/CY 17 expections to around 430,000oz at lower costs. By MBM’s North American correspondent

Big gold-copper miner Newcrest Mining sticks to FY 18 top end 2.7Moz gold prodn, despite Q1 18 gold fall, underpinned by a record recovering Cadia

A big jump in Sept 2017 9-months gold production and a copper fall has seen global miner Freeport-McMoRan turn the previous year’s loss into a $776M profit

PFS sees Nouveau Monde becoming a reliable long-term supplier of quality flake graphite from its $207M Quebec project

The latest 9-months sees Antofagasta lift FY/CY 18 copper expectations at lower costs

1st qtr of Nova nickel commercial production the main contributor to a loss to Q1 18 $4.7M profit turnaround, with more to come. By Mark Mentiplay

Diamonds and iron ore lead Anglo American in the production run to the end of FY/CY 2017 as thermal coal/nickel falter

Silver Lake Resources is maintaining FY 18 gold sales of up to 145,000oz, despite a fall in Q1 18 production and higher costs

A potential settlement of Acacia Mining's damaging dispute with the Tanzanian government has been reached in talks between president John Magufuli and John Thornton, executive chairman of 63.9% Acacia shareholder Barrick Gold.

A slew of records has seen Vale lift Q3 17 production levels for just about all its commodities, but with a drop in high silica content iron ore bringing down FY17 iron ore predictions

Lower mill grades cost Shanta Gold’s Q3 17 and FY 17 gold-silver production


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