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Mining Bulletins

The full story: In-depth news and analysis

The Tucano mine in Brazil has countered big falls in Mexican production to lifted Q2 20 gold equiv output 11%

Paladin’s Langer Heinrich Uranium Mine restart plan flags 17-year LoM peaking at 5.9Mlb pa for 7-years.

Australian explorer Calidus Resources is accelerating plans to commence construction in six months for the development of its Warrawoona gold project in the East Pilbara of WA after an updated prefeasibility study pointing to a lower capital and lower risk route to near-term gold production. John Feary reports

Genesis has executive a 2-pronged expansion move to underpin the establishment of a new gold mine in Western Australia

Red 5 is looking beyond short-term issues that have affected June quarter production with a transitional strategy that will see it establish two independent long-life production hubs in Western Australia.

Australia’s OZ Minerals has outlined an opportunity to transform its Carrapateena underground copper-gold mine into a world-class project in scale, production, life of mine and costs by adopting a two-stage block cave development to follow its current sub-level cave operation.

Significant growth in reserves have enabled Nusantara Resources to forecast higher initial production and extended mine life as it continues development funding discussions for its 100%-owned Awak Mas gold project in South Sulawesi, Indonesia.

Canadian gold miner TMAC Res has staged a $610m turnaround, cutting its Q1 20 loss to $18M

A new study has flagged a 420,000oz gold start up project to bring on its recently upgraded 1.4Moz Hog Ranch Project in Nevada

Amarillo Gold expects to begin construction of its $166M capex, 811,00oz Posse Gold Project in Brazil next year

West African-focused miner Perseus Mining reaches agreement on a $60M merger that will combine its existing producing and near-production assets with the extensive exploration potential of Exore Resources.

Barrick Gold has thrown another 15% stake in the giant Porgera gold mine in PNG into the negotiation pot to get the mine back into operation

FMG has lost a 3-year battle to appeal Aboriginal rights to over 2,700sq km of iron-rich land in Western Australia’s Pilbara region

The combination of extensive local experience and the resources of a new national owner has proved crucial in Mincor Resources’ decision to award the underground mining contract for its Kambalda nickel project to Emeco unit Pit N Portal.

Study green light for restart of Wesdome’s 86,000oz pa, 102% after tax IRR, Kiena underground gold project. By MBM’s North American correspondent

Australian-based Lepidico outlines a compelling case for its deliberately modest-scale development of a vertically integrated mining and processing facilities to deliver high-value critical and strategic metals.

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 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

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 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.

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

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

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

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

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

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

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

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.

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

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.

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