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A 41% fall in gold production aided by a $24M+ impairment on a project being sold, has cut Acacia Mining’s H1 18 profit 51% to $31M
Cost savings and increasing underground mining is paying off for Shanta Gold, with Q2 18 gold production well up and costs well down
With the Minas Rio iron ore suspension likely to keep hurting Anglo American until early next year, the global miner is seeing increased returns from its other operations.
Record FY18 lower costs, cash flows on declining gold-silver production, with FY19 output expected to be lower again. By Mark Mentiplay
New study sees 1.76Moz gold over 8-year LoM from Osisko Mining’s Windfall project, generating $2.96M revenue and $1.12B cash flow starting Q2 22.
New study envisages end-2019 start for Equinox Gold’s $489M Castle Mountain Gold Project producing 2.8Moz over a 16-year LoM generating $1B+ cash flow, By MBM’s North American correspondent
Australian gem miner Mustang Resources has joined Canadian gems explorer/developer’s $15M cash/shares deal for a big chunk of the Montepuez gem region in Mozambique. By Mark Mentiplay
A Q2 18 with all commodities production in Azerbaijan up, has enabled Anglo Asian to cut net debt by $7M to $2.9M
Panoramic Resources has given the go-ahead for the restart of operations at its mothballed Savannah nickel-copper-cobalt project after lining up a $A40M facility that ensures the project is fully funded.
After 10-years in the making, a new study envisages a 2020 start for Kasbah’s Achmmach Tin Project in Morocco, generating $815M turnover and EBITDA $444M
Better than expected grades have lifted Hecla Mining’s Q2 18 silver/gold production, with lead/zinc easing, but giving it $245M in the bank
2-months Mt Polley strike and a ball mill failure at Red Chris have clobbered Imperial Metals Q2 18 with copper gold production both well down
Looking likely to lose its global No-1 gold spot, Barrick Gold has flagged a FY18 fall in copper production following problems at its Lumwana mine in Zambia
Australian iron ore junior reiterates its advice to shareholders to accept Hancock Prospecting's 3.9cps cash offer as higher costs and lower prices send its cash balance on a 45% decline.
New developments at Mandalay’s 2 mines are expected to see total AuEq prodn recovery over the next 2 qtrs from Q1 18’s decline
Resolute Mining has released a revised expansion plan that it says will confirm a long-life, low-cost and low-risk future for its Ravenswood gold mine in NE Queensland, Australia.
New study sees Liberty Gold’s $195M, low cost US Goldstrike project producing an initial 713,000oz over 7.5-years
Doray celebrates the success of near-mine exploration at its flagship Deflector mine in Western Australia that has lifted post-depletion resources by 34%.
Q2 18 Macassa/Fosterville gold production records set Kirkland Lakes for the big one – a record FY18 620,000oz+
Prophecy Devel is looking to spin-off a yet to be established vanadium streamer to fund its $116.8M initial capex Gibellini Vanadium Project which has PEA potential for 9.65Mlbs V2O5 over a 13.5-years LoM
LME ($US), Jul 13 -Aluminium 2,102.00Copper 6,166.00Zinc 2,607.00Nickel 13,870.00Lead 2,162.00Tin 19,775.00Cobalt 70,500.00Gold 1,241.30
COMEX ($US), Jul 13 -Gold 1,241.80Copper 2.777Silver 15.835
NYMEX ($US), Jul 13 -Iron ore $63.24
Public holidays -Jul 16-17: President's Day (Botswana)
Conferences -Jul 17-20: Sprott Vancouver Natural Resources Symposium (Canada)
Company events -Jul 17: Sandvik Q2, Stockholm (Sweden)Jul 18: BHP FY Operational Review, Melbourne (Australia)Jul 18: Northern Star Resources Q4, Perth (Australia)Jul 19: Alcoa Q2, Pittsburgh (USA)
LME ($US), Jul 6 -Aluminium 2,098.50Copper 6,326.00Zinc 2,759.00Nickel 13,760.00Lead 2,321.00Tin 19,425.00Cobalt 72,500.00Gold 1,254.80
COMEX ($US), Jul 6 -Gold 1,255.90Copper 2.8195Silver 16.07
NYMEX ($US), Jul 6 -Iron ore $62.99
Public holidays -Jul 9: Independence Day (Argentina)Jul 14: Bastille Day (France)
Conferences -Jul 10-11: Investing in Latam Mining, Santiago (Chile)
Company events -Jul 12: Barrick Gold Q2, Toronto (Canada)
LME ($US), Jun 29 -Aluminium 2,183.00Copper 6,646.00Zinc 2,948.00Nickel 14,910.00Lead 2,432.00Tin 19,675.00Cobalt 77,800.00Gold 1,253.20
COMEX ($US), Jun 29-Gold 1,254.40Copper 2.9655Silver 16.16
NYMEX ($US), Jun 29 -Iron ore $64.73
Public holidays -Jul 1: Republic Day (Ghana)Jul 2: Canada Day observance (Canada)
Company events -Sibanye-Stillwater Safety Conference, Johannesburg (South Africa)
LME ($US), Jun 22 -Aluminium 2,166.00Copper 6,811.00Zinc 2,993.00Nickel 15,255.00Lead 2,389.00Tin 20,625.00Cobalt 79,300.00Gold 1,268.80
COMEX ($US), Jun 22 -Gold 1271.10Copper 3.0485Silver 16.525
NYMEX ($US), Jun 22 -Iron ore $64.89
Public holidays -Jun 25: Independence Day (Mozambique)
Conferences -Jun 27-28: Energy and Mines Summit, Perth (Australia)Jun 27-28: International Lithium Conference, Perth (Australia)
Company events -Novagold Resources Q2 (Canada)
LME ($US), Jun 15 -Aluminium 2,239.50Copper 7,136.00Zinc 3,189.00Nickel 15,265.00Lead 2,431.00Tin 20,900.00Cobalt 81,000.00Gold 1,277.00
COMEX ($US), Jun 15-Gold 1,282.00Copper 3.136Silver 16.57
NYMEX ($US), Jun 15 -Iron ore $65.39
Public holidays -Jun 14-19: Eid-ul-FitrJun 17: Martin Miguel de Guernes Day (Argentina)Jun 20: National Flag Day (Argentina)Jun 22: Midsummer (Sweden, Finland)
Swedish delays and backflips on coexistence with traditional reindeer herding communities frustrates Tertiary Minerals over exploitation permit for its Storuman fluorspar project.
(DEVELOPMENT) Resolute Mining is targeting a development decision in 2019 after gaining its environmental permit and completing an updated feasibility study for the underground development of the mothballed Bibiani gold mine in Ghana.
(EXPLORATION) Canadian explorer BlueBird Battery Minerals continues its Australian buying spree with a $5.5M binding agreement to earn 70% of a large landholding in the emerging cobalt exploration belt near Broken Hill.
(EXPLORATION) Australian mining services company Swick has secured the first commercial agreement for use of world-first non-destructive core scanning technology for mineral analysis.
(DEVELOPMENT) After completing programs to de-risk the Honeymoon uranium project, Boss Resources has started planning to ready it for a uranium market recovery.
(EXPLORATION) BCI Minerals ponders partnership and stand-alone development options after its quick progress to a maiden resource at the Kumina project in Western Australia
