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Mining Bulletins

The full story: In-depth news and analysis

Newcrest Mining holds to FY2019 2.4Moz-2.6Moz, despite Q3 19’s 32,000oz gold fall

A 9% jump in Q3 19 4E PGM production sees Sylvania Platinum heading for a record Q4 19 and increased expectations for FY19 to 72,000oz

After a decline in March quarter performance, Australian miner Northern Star confident the Pogo project in Alaska will provide the bounce it needs to achieve its record production target for the coming period.

Big iron ore pellet producer Ferrexpo’s FY18 profit has fallen 15% on higher prodn and costs, but with new higher targets set for 2021 and beyond

New Nevada Copper PFS flags a $1.5B stand-alone Pumpkin Hollow open pit mine generating nearly $9B of copper revenue over initial 19-years. Separate underground production by year-end.

Russian gold/silver major Polymetal Int’l has seen all commodities Q1 19 production down, cutting revenue by $198M to $454M.

DFS sees Core Lithium’s low cost, $114M NPV Finniss Lithium Project generating $158M free cash/$500M+ revenue over 3.5-years starting H1 2020

A range of issues has seen all metals production from Evolution Mining’s Australian operations fall in Q1 19, with cash costs up. By Mark Mentiplay

The DFS for Strandline Resources’ world-class Coburn mineral sands project in WA estimates $3.8B revenue over 22.5-years, with 1st ore after an 18-months construct duration. By Mark Mentiplay

An unplanned plant shutdown, lower recoveries have severely cut Amerigo Resources’ Q1 19 copper production, forcing it to cut FY/CY2019 expectations

Lender sends West Australian mineral sands producer MZI Resources into administration seeking a recapitalisation or a buyer for Keysbrook, the world’s largest high-grade leucoxene producer.

Despite record Cusi Q1 19 throughput taking some of the pain out of the now concluded Yauricocha mine strike, it couldn’t keep Sierra Metals’ production levels above Q4 18.

Yamana Gold shareholders can expect a 100% annual dividend increase on completion of the company’s $1B+ sale of its Chapada mine in Brazil

Rio Tinto sticks with engineer WorleyParsons as EPCM contractor with the target of developing the world’s first ‘intelligent mine’ at its 43Mtpa Koodaideri project in Western Australia’s Pilbara region. John Feary reports

A bundle of new, improved numbers and resources/reserves have combined to increase gold prodn and cut costs at Regis Resources’ new Rosemount underground operation. By Mark Mentiplay

Lower gold equiv production and resultant FY/CY18 profit are already set to be improved on with new mines and a LoM extension for another

Oz Minerals is looking to year-end Carrapateena prodn to offset the downward copper-gold trend set in a declining Q1 19

The $77.6M Naraha Lithium Hydroxide plant in Japan is expected to begin commissioning in 2021 after final investment decision. By Mark Mentiplay

A FY/CY18 $22.4M loss and the Q1 19 closure of its 2 sole sources of income has Patagonia Gold looking to the rapid development of a new potential 75,000oz pa project and another underground

Gold equiv production jump to a record 19,780oz with 120,000oz pa flagged from new expansion plan

Perseus Mining $150M development deal to start work on its Yaoure Gold Mine in Côte d’Ivoire later this month and 500,000oz pa from 2022. By Mark Mentiplay

Goldcorp’s shareholders have OK’d the creation of the world’s largest gold miner via the company $10B acquisition by Newmont

World No 4 iron ore producer Fortescue Metals Group gives the go-ahead for development of its $US2.6B Iron Bridge magnetite mine. John Feary reports

Go-ahead for Tropicana’s first underground development announced after feasibility study backs its potential to leverage further value from the West Australia gold mine. John Feary reports

Feasibility study outlines a ‘compelling’ case for development of a significant copper and silver project at MOD Resources’ T3 project in Botswana.

Australian conglomerate Wesfarmers has cited its track record of working well with governments supporting its proposed $1.5B takeover bid for Lynas Corporation, which has encountered wavering Malaysian support for its rare earths processing plant in Kuantan. John Feary reports

Western Australia’s big iron ore export ports remain closed today, but with the threat from the 2 cyclones which crossed Australia’s top-end at the weekend easing

Pure Alumina could be producing high purity alumina this year if its $27M acquisition of Canadian producer Polar Sapphire is successful. By Mark Mentiplay

Base Resources has already begun work on a DFS after completing a preliminary study that confirms its Toliara project in Madagascar as one of the world’s best mineral sands development opportunities.

Australia-based Aeris Resources is in late stage discussions with Glencore to buy its CSA copper mine for $812M. By Mark Mentiplay

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