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The full story: In-depth news and analysis

SHANTA COST SAVINGS YIELD LOSS-TO-H1 18 $7.1M PROFIT TURNAROUND

Fine tuning sees operational cost savings offset lower gold production, to take Shanta Gold from a loss to an H1 18 $7.1M profit

MORE RECORDS IN EVOLUTION’S FY18 PROFIT JUMP TO $263.4M

Just about the only negative in Evolution Mining’s FY18 result was a fall in gold-silver production, with all the other major markers up for a 21% profit jump to $263.4M

YANCOAL AUSTRALIA MULLS UNDERGROUND DEVELOPMENT OF HUNTER VALLEY MINES

Yancoal ponders more development and brownfield exploration options after posting a half-year profit turnaround on the strong performance of its former Rio Tinto mines.

HIGHER FY PROFITS STRENGTHEN MINERAL RESOURCES FOR FURTHER GROWTH OPPORTUNITIES

West Australian mining services and processing company Mineral Resources secures higher profits and eyes full-cycle development opportunities.

AVESORO LOOKING FOR BETTER H2 18 AFTER Q2 18 FALLS

Avesoro Res has flagged a better H2 18 on a range of mine improvements after a Q2 18 that saw cash flow/EBITDA plunge on lower gold prod/costs

BARTONS SUCCESSES HAVE MILLENNIUM EYEING MORE UNDERGROUND MINES AT NULLAGINE

Good progress with the first underground mine has Millennium Minerals looking at an early production start and the potential for more underground developments at its Nullagine gold project in Western Australia.

FLORIDA CANYON TAKEOVER PRODN LIFTS ALIO GOLD Q2 18 PROFIT

The completion of the Rye Patch Gold takeover and the addition of its Florida Canyon production has lifted Alio Gold’s Q2 18 prodn and profit to $3.28M

HISTORIC AGREEMENT RAISES THREAT TO 10% CONSOLIDATED PLOMOSAS ZINC INTEREST

Australian-based project developer Consolidated Zinc says it will contest a claim by a low-profile private company for a 10% free-carried share in its Plomosas project in Mexico.

EXTRA COSTS PUSH ARGONAUT Q2 18 PROFIT DOWN $11.8M TO $400,000

Lower production and higher/extra costs have slashed Argonaut Gold’s Q2 18 net income to $400,000, but with adjusted net profit falling to $7M from $7.9M

ASSET SALE IMPAIRMENT PUSHES MANDALAY Q2 18 LOSS OUT TO $23.7M

The $11.6M deal to sell Manadalay’s Chilean asset has come with a $23.7M impairment that’s taken the company’s Q2 18 loss out to $23.7M

MOD RESOURCES BOOSTS BOTSWANA T3 PROJECT THROUGHPUT PLANS FOR RESOURCE GROWTH

A review of optimal operational and financial outcomes has prompted MOD Resources to lift the planned plant throughput by 20% at its feasibility-stage T3 copper project in Botswana.

TREVALI Q2 18 PROFIT FALL, DESPITE ZINC-SILVER RISE

With zinc-silver up, but lead down, Trevali Mining has seen its Q2 18 profit slide $5M+ to $23.5M

GLENCORE LIFTS H1 18 PROFIT TO $2.77B

Glencore’s H1 18 metals/minerals business adjusted EBITDA up $1.33B, lifting overall profit 13% to $2.77B

GOLDEN REIGN ALL-SHARE BID FOR MARLIN MINING

Mutually agreed all-share Golden Reign bid for Marlin Mining to spawn restructured Mako Mining with current and near future gold-silver production

COPPER MOUNTAIN Q2 18 PROFIT PLUNGE TO $3M

A steady production Copper Mountain Mining Q2 18, with revenues up, has failed to offset a $7.7M profit fall to $2.9M.

TASEKO STORMS BACK FROM 2017 FIRES WITH Q2 18 LOSS CUT

The Gibraltar mines’ recovery from the 2017 summer fires sees Taseko Mines back on track with big Q2 18 production, sales, grades and recovery increases

MT WELD UPGRADE KEEPS 25-YEAR RESERVES CUSHION FOR RARE EARTHS LEADER LYNAS

A 60% increase in ore reserves at its Mt Weld rare earths mine in Western Australia keeps special materials company Lynas Corporation on target to retain its position as a leading non-Chinese supplier to the specialty materials market. John Feary reports

ECHO BFS SEES 746,000oz INITIAL 8.5-YEAR LoM BRONZEWING REVIVAL

New study envisages Echo Resources’ WA gold project generating $1.2B in its 1st 8.5-years, giving it a post-tax NPV 8% of $135M and 147% IRR. By Mark Mentiplay

RECORD TERANGA Q2 18 GOLD, BIG PROFIT JUMP LIFTS 2019 GUIDANCE TO 230,000oz

Record Teranga Q2 18 gold prodn for a big profit jump lifts 2019 expectations to top-end 230,000oz with Wahgnion in the wings

ENDEAVOUR Q2 18 PROFIT PLUNGE, PRODN DOWN

Despite lower Q2 18 gold production and higher costs, Endeavour is clinging to 800,000pa+ in FY/CY19 at AISC below $800oz. By MBM’s North American correspondent
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START THE WEEK: COMMODITIES (April 30, 2018)

LME ($US), Apr 27 -
Aluminium 2,249.00
Copper 6,797.00
Zinc 3,120.50
Nickel 13,980.00
Lead 2,336.00
Tin 21,400.00
Cobalt 88,750.00
Gold 1,322.50

COMEX ($US), Apr 27 -
Gold 1,324.40
Copper 3.071
Silver 16.55

NYMEX ($US), Apr 27 -
Iron ore $65.53

START THE WEEK: CALENDAR (April 30, 2018)

Public holidays -
Apr 30: Reunification Day (Vietnam)
Apr 30: Showa Day (Japan)
May 1: Labour Day, May Day (various)
May 3: Constitution Day (Poland)
May 3: Constitutional Memorial Day (Japan)
May 4: Greenery Day (Japan)
May 5: Children's Day (Japan, South Korea)

Conferences -
May 3-5: Minexpo Africa Kenya, Nairobi (Kenya)
May 3-5: Minexpo Africa Tanzania, Dar-es-Salaam (Tanzania)

START THE WEEK: COMMODITIES (April 23, 2018)

LME ($US), Apr 20 -
Aluminium 2,463.00
Copper 6,939.00
Zinc 3,243.50
Nickel 14,640.00
Lead 2,366.00
Tin 22,050.00
Cobalt 91,500.00
Gold 1,336.30

COMEX ($US), Apr 20 -
Gold 1,337.60
Copper 3.1585
Silver 17.115

NYMEX ($US), Apr 20 -
Iron ore $65.05

START THE WEEK: CALENDAR (April 23, 2018)

Public holidays -
Apr 23: National Sovereignty Day (Turkey)
Apr 25: Anzac Day (Australia, New Zealand)
Apr 25: Freedom Day (Portugal)
Apr 25: Liberation Day (Italy)
Apr 25: Sinai Liberation Day (Egypt)
Apr 27: Freedom Day (South Africa)

Conferences -
Apr 23-25: CRU World Aluminium Conference, London (UK)

START THE WEEK: COMMODITIES (April 16, 2018)

LME ($US), Apr 13 -
Aluminium 2,325.00
Copper 6,830.00
Zinc 3,121.00
Nickel 14,005.00
Lead 2,329.00
Tin 21,190.00
Cobalt 92,250.00
Gold 1,344.90

COMEX ($US), Apr 13 -
Gold 1,348.40
Copper 3.0635
Silver 16.645

NYMEX ($US), Apr 13 -
Iron ore $64.62

START THE WEEK: CALENDAR (April 16, 2018)

Public holidays -
Apr 18: Independence Day (Zimbabwe)
Apr 21: Tirandetes Day (Brazil)

Conferences -
Apr 16-18: Mining Investment Nigeria, Lagos
Apr 17-19: Mining World Russia, Moscow
Apr 17: Nordic Mining Investment Conference, Helsinki (Finland)

Company events -
Apr 19: BHP 9M Operational Review

START THE WEEK: COMMODITIES (April 9)

LME ($US), Apr 6 -
Aluminium 1,967.00
Copper 6,703.00
Zinc 3,222.00
Nickel 12,890.00
Lead 2,358.50
Tin 21,050.00
Cobalt 91,500.00
Gold 1,332.50

COMEX ($US), Apr 6 -
Gold 1,337.30
Copper 3.0385
Silver 16.365

NYMEX ($US), Apr 6 -
Iron ore $63.34

START THE WEEK: CALENDAR (April 9)

Public holidays -
Apr 7-8: Orthodox Easter
Apr 13-14: New Year (Sri Lanka, Bangladesh)

Conferences -
Apr 9-11: CRU 17th World Copper Conference, Santiago (Chile)
Apr 10-11: Mining Investment Botswana, Gabarone (Botswana)

Company events -
Apr 11: Rio Tinto plc AGM, London (UK)

START THE WEEK: COMMODITIES (April 1, 2018)

LME ($US), Mar 29 -
Aluminium 1,997.00
Copper 6,685.00
Zinc 3,332.00
Nickel 13,245.00
Lead 2,411.00
Tin 21,125.00
Cobalt 93,750.00
Gold 1,323.20

COMEX ($US), Mar 23 -
Gold 1,329.60
Copper 3.023
Silver 16.34

NYMEX ($US), Mar 29 -
Iron ore $64.89

START THE WEEK: CALENDAR (April 1, 2018)

Public holidays -
Apr 1-2: Easter
Apr 2: Family Day (South Africa)
Apr 2: Malvinas Day (Argentina)
Apr 5-6: Ching Ming Day (China, Taiwan)
Apr 7-8: Orthodox Easter

Conferences -
Apr 4-6: Mongolia Mining 2018, Ulanbaatar (Mongolia)

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Mining Billboard

Insights and analysis from leading industry commentators

GOLD FIELDS PLANS MORE JOB AND OUTPUT CUTS IN NEW SOUTH DEEP TRANSFORMATION BID

(PRODUCTIVITY) Gold Fields is making another attempt to stem the cash burn at its South Deep mine in South Africa, announcing restructure plans that will see it cut workforce numbers by 28% while it seeks to transform it into a modern, mechanised operation.

BARRICK CHIEF BLASTS MINING INDUSTRY DISEASE, DISASTROUS DEALS AND POOR DECISIONs

(COMMENTARY) In wide-ranging criticism of the corporate performance of his company and across the mining industry, Barrick chief John Thornton sees Chinese partnerships as the most likely route for gold giant to build a global copper company.

STRATEGY SWITCH SPEEDS CONSOLIDATED ZINC PLANS TO REVIVE HISTORIC PLOMOSAS MINE

(DEVELOPMENT) Increasing resources and growing confidence in its mining studies have encouraged Consolidated Resources to adapt a staged development strategy that will see the historic Plomosas zinc-lead-silver mine back in production by the end of this year.

FAST PROGRESS AT MADAGASCAR MINE KEEPS BASS ON TRACK FOR PRODUCTION TARGET

(INDUSTRIAL MINERALS) Quick Graphmada graphite ramp-up has Bass Metals on track to become a material producer of industrial concentrates from its new Madagascar project.

MINER NEW HOPE GRABS A GROWTH OPPORTUNITY IN WESFARMERS EXIT FROM COAL MINING

(COAL MARKETS) Australian miner New Hope's confidence in the continuing demand of Asian power generators for thermal coal lies behind its planned $860M acquisition of Wesfarmers Resources' 40% stake in the Bengalla coal mine.

BHP MOVING TO FEED BURGEONING NICKEL EMPHASIS FOR ELECTRIC CARS

BHP is moving quickly to feed an increasing nickel need for electric cars as new technology moves to cut cobalt/manganese requirements

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Mining Brokers

START THE WEEK: COMMODITIES (Aug 10, 2018)

    START THE WEEK: CALENDAR (Aug 13, 2018)

      START THE WEEK: COMMODITIES (Aug 3, 2018)

        START THE WEEK: CALENDAR (Aug 6, 2018)

          START THE WEEK: COMMODITIES (July 27, 2018)

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