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The full story: In-depth news and analysis

NEW CENTURY MULLS TOP 10 GLOBAL FUTURE FOR STRUGGLING PACIFIC PROJECT

New Century Resources eyes the potential to transform Vale’s faltering Goro nickel project in New Caledonia into a long-term world-scale producer after being granted 60-day exclusivity to negotiate the acquisition of a 95% stake.

WESTERN AREAS' $28M PANORAMIC DEAL OPENS DOORS TO NEW ENERGY VEHICLES GROWTH

Western Areas sees its new strategic shareholding and partnership with Panoramic Resources as it works towards the reopening of the Savannah nickel project increasing its exposure to the emerging new energy vehicles global market. John Feary reports

$84M IMPAIRMENT, COVID-19 CLOSURES HAMMER MCEWEN BOTTOM LINE

McEwen Mining’s Q1 20 loss has blown out to $99.2M, hit by an $84M impairment and 3 COVID-19 mine shutdowns

ELEMENT 25 EYES EARLY START ON LOW-COST DEVELOPMENT STRATEGY FOR BUTCHERBIRD

Element 25 has confirmed the potential for its Butcherbird project to be Australia’s next significant manganese mine with a PFS identifying the opportunity for a low-cost, long-life development that will deliver first concentrate much earlier than previously anticipated. John Feary reports.

HUDBAY Q1 20 HIT BY LOWER PRICES, HIGHER COSTS AND MAJOR MINE SUSPENSION

A range of issues across its Americas base/precious metals operations has seen Hudbay Minerals Q1 20 loss blow out to $76M

TAKEOVER TARGET SEMAFO KICKS OFF 2020 WITH DOUBLED Q1 20 PROFIT

SEMAFO has overcome the COVID-19 virus bite to double Q1 20 profit on increased gold production from its Burkina Faso operations

SSR LAUNCHES $1.72B ALL-SHARE BID FOR ALACER GOLD

SSR Mining $1.72B bid for Alacer gold to create $4B market cap, 780,000oz AuEq pa producer

Gt PANTHER MINING Q1 20 LOSS UP ON PRODN FROM ALL 3 MINES DOWN

All 3 of Great Panther Mining’s operations have posted Q1 20 output losses, taking its net loss out to $40.5M

NEW 740,000oz UNDERGROUND DISCOVERY AT EQUINOX’ AURIZONA

Equinox Gold has found an additional 740,000oz underground gold resource at its Aurizona open pit capable of generating an extra $1B revenue over a 10-year LoM

A DOUBLED Q1 20 LOSS SEES HECLA CUT FY/CY20 GUIDANCE

Hecla Mining’s Q1 20 loss blowout to $17.2M on lower production of all its commodities sees FY/CY20 gold/silver expectations cut

BARRICK GOLD EXPECTS Q1 20 GOLD-COPPER SLIDE TO CONTINUE THROUGH FY20

Q1 20 gold-copper production falls have prompted Barrick Gold to cut its FY/CY20 gold expectations by 200,000oz

COVID RUCTIONS FORCE SIGNIFICANT CUTBACKS AT TERRACOM’S BLAIR ATHOL THERMAL COAL MINE

TerraCom is taking “decisive action” to reduce operations and unit costs at its Blair Athol thermal coal mine in Queensland, Australia to cope with the market volatility resulting from the global COVID-19 pandemic.

COVID-19 BITES TAIL END OF IAMGOLD’S Q1 20, CUTTING OUTPUT BY 22,000oz

IAMGOLD has cut its Q1 20 loss back to $34.4M from $303.8M, despite reduced gold production and resultant revenues

CHINESE LITHIUM GIANT YIBIN TIANYI OFFERS NEW $10.7M BACKING FOR AVZ’S DRC PROJECT

After a previous deal failed the Australian foreign investment hurdle, AVZ Minerals has attracted a new $10.6M equity investment from prospective Chinese lithium chemical producer Yibin Tianyi for its flagship Manono lithium-tin project.

CENTERRA BACK FROM FY/CY19 LOSS WITH $20M Q1 20 PROFIT

Despite easing gold production, increased copper output has seen Centerra Gold post a $30M turnaround to Q1 20 $20M profit

ALAMOS $50M TURNAROUND TO Q1 20 $12.3M LOSS

Mulatos and Island Gold shine, despite Alamos’ Q1 20 production slide and turnaround from profit to $12.3M loss

BIG LUNDIN Q1 20 LOSS PROMPTS FY2020 PRODN GUIDANCE CUTS

Diversified global miner Lundin Mining has cut FY2020 guidance after big Q1 20 swing from profit to $111.5M loss

TASEKO MINES Q1 20 LOSS BLOWOUT TO $49M, PRODN DOWN

Taseko Mines’ Q1 20 loss increased by $40M to $49M with moly output nearly halved, but copper less badly affected

FIRST QUANTUM CUTS Q1 20 LOSS, DESPITE LOWER PRODUCTION

Despite lower COVID-19 affected copper-gold output, First Quantum has cut its Q1 20 net loss by $53M to $62M

ST BARBARA Q3 20 OUTPUT DOWN TO 91,550oz ON HIGHER COSTS

2 of St Barbara’s 3 mines have posted production losses in Q3 20, with costs up, the exception being Simberi in PNG with higher output and lower costs
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START THE WEEK: CALENDAR (Dec 23, 2019)

Public holidays –
Dec 23: Unity Day Observation (Zimbabwe)
Dec 23-29: Hannukah (Israel)
Dec 24: Independence Day (Libya)
Dec 24: Additional Special Non-Working Day (Philippines)
Dec 24: Cuti Bersama (Indonesia)
Dec 25: Christmas
Dec 25: Family Day (Mozambique)
Dec 25: Quaid-e-Azam Day (Pakistan)
Dec 26: Boxing Day
Dec 26: Kayin New Year Day (Myanmar)
Dec 26: Family Day (Namibia)
Dec 26: Independence and Unity Day (Slovenia)
Dec 26: National Day of Thanksgiving (Solomon Id)

START THE WEEK: COMMODITIES (Dec 13, 2019)

LME ($US), Dec 13 –
Aluminium 1,763.50
Copper 6,154.00
Zinc 2,279.00
Nickel 14,145.00
Lead 1,934.00
Tin 17,200.00
Cobalt 34,500.00
Gold 1,476.40
Silver 16.945

LBMA price data ($US), pm Dec 13 –
Gold 1,446.60
Silver 16.93500
Platinum 933.00
Palladium 1,971.00

NYMEX ($US) 62% Fe CFR China, Dec 13 -
Iron ore 92.27

START THE WEEK: COMMODITIES (Dec 6, 2019)

LME ($US), Dec 6 –
Aluminium 1,750.50
Copper 5,867.50
Zinc 2,250.00
Nickel 13,420.00
Lead 1,881.00
Tin 16,875.00
Cobalt 35,000.00
Gold 1,461.10
Silver 16.575

LBMA price data ($US), pm Dec 6 –
Gold 1,459.65
Silver 16.94000
Platinum 898.00
Palladium 1,872.00

NYMEX ($US) 62% Fe CFR China, Dec 6 -
Iron ore 88.56

DATADIGGING: RIO TINTO KOODAIDERI CONTRACT AWARDS

Contracts awarded by Rio Tinto for its $US2.6B Koodaideri greenfields iron ore development in the Pilbara region of Western Australia:

For news of other Koodaideri development contract awards, click here -

START THE WEEK: COMMODITIES (Nov 22, 2019)

LME ($US), Nov 22 –
Aluminium 1,750.00
Copper 5,834.00
Zinc 2,315.00
Nickel 14,400.00
Lead 1,958.00
Tin 16,360.00
Cobalt 35,500.00
Gold 1,463.50
Silver 17.040

LBMA price data ($US), pm Nov 22 –
Gold 1,464.45
Silver 17.17500
Platinum 901.00
Palladium 1,765.00

NYMEX ($US) 62% Fe CFR China, Nov 22 -
Iron ore 83.79

START THE WEEK: CALENDAR (Nov 24, 2019)

Conferences –
Nov 27-28: Resources Technology Showcase, Perth (Australia)

Companies –
Nov 29: Afarak Group Q3, Helsinki (Finland)

START THE WEEK: COMMODITIES (Nov 15, 2019)

LME ($US), Nov 15 –
Aluminium 1,741.00
Copper 5,812.00
Zinc 2,427.00
Nickel 14,990.00
Lead 2,004.00
Tin 16,275.00
Cobalt 35,500.00
Gold 1,467.80
Silver 16.995

LBMA price data ($US), pm Nov 15 –
Gold 1,466.90
Silver 16.87000
Platinum 883.00
Palladium 1,725.00

NYMEX ($US) 62% Fe CFR China, Nov 15 -
Iron ore 82.80

START THE WEEK: CALENDAR (Nov 17, 2019)

Companies –
Nov 21: Galaxy Resources strategy briefing, Perth (Australia)

DATADIGGING: SEPT 2019 QUARTERLIES/YTD

You can take advantage of MiningBusiness.net’s unrivalled coverage of global mining company news to keep track of their latest quarterly and year to date reports.
Our regular Datadigging feature draws upon its exceptional search capabilities to collate the coverage.
By subscribing, you can research our growing database by using any combination of search terms: country, commodity and text. As a subscriber, you can also use our metadata and text search capacities to undertake your own detailed research.

START THE WEEK: COMMODITIES (Nov 8, 2019)

LME ($US), Nov 8 –
Aluminium 1,827.50
Copper 5,951.50
Zinc 2,507.00
Nickel 16,190.00
Lead 2,101.00
Tin 16,675.00
Cobalt 35,500.00
Gold 1,462.40
Silver 16.875

LBMA price data ($US), pm Nov 8 –
Gold 1,464.15
Silver 16.81000
Platinum 888.00
Palladium 1,768.00

NYMEX ($US) 62% Fe CFR China, Nov 8 -
Iron ore 80.36

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Mining Billboard

Insights and analysis from leading industry commentators

US POLL SHOWS COVID PANDEMIC IMPACTS TURNING VOTER SUPPORT FOR MINING SECTOR

(COMMENTARY) ‘It all begins with mining’ ... US survey adds to growing evidence that the economic impacts of the global coronavirus pandemic are swaying public opinion to support the importance of mining.

DATADIGGING: MORE MINES REOPEN WHILE COVID IMPACTS PROJECT FUNDING SEARCH

(CORONAVIRUS) More mines are reopening due to easing COVID-19 restrictions while more project developers are reporting difficulties in sourcing finance due to the impacts of the global pandemic on investor sentiment.

PANTERRA JV ASSESSES PROCESSING OPTIONS FOR CUBAN REFRACTORY GOLD PROJECT

(DEVELOPMENT) US sanctions loom as funding hurdle for the high-cost development of an Albion/CIL processing plant for refractory material under PanTerra Gold joint venture over Cuba’s La Demajagua gold project.

MINING SEEKS ITS PLACE IN NATIONAL ECONOMIC RECOVERY AFTER COVID DISRUPTION

(COMMENTARY) As governments around the world start to focus on the economic road ahead post-coronavirus, a Mining Association of Canada survey finds strong public support for expansion of the nation’s share of the global critical minerals supply.

DATADIGGING: MORE MINES BACK IN ACTION AS COVID-19 LOCKDOWNS EASE

(CORONAVIRUS) More suspended projects resume production under strict precautions as national and regional COVID-19 lockdowns are eased, while our survey of coronavirus-related articles we have published during the last week show a number of companies are operating positively despite continuing restrictions on travel and business activity.

NEW INDONESIAN MINING LAW REVISIONS PASSED

New mining law revisions to cut through red tape and attract more investment
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Mining Brokers

START THE WEEK: COMMODITIES (May 25, 2020)

    START THE WEEK: CALENDAR (May 25, 2020)

      DATADIGGING: TRACKING THE GLOBAL RESOURCES SECTOR IMPACT OF COVID-19 (May 24, 2020)

        START THE WEEK: COMMODITIES (May 15, 2020)

          START THE WEEK: CALENDAR (May 18, 2020)

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