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The full story: In-depth news and analysis

4 scenario development options have been laid out in SolGolds’ PEA for its majority- owned Cascabel copper-gold-silver project costing up to $10.5B and generating some impressive production numbers for up to 66-years. By Mark Mentiplay

Monitors detect material movement in a disused Vale iron ore mine that raises alarm over the potential risk of another collapse in Brazil’s Minas Gerais state.

New study flags $100M pa net free cash flow over an initial 8.5-year LoM from SilverCrest Metals’ $150M capex Las Chispas silver-gold project in Mexico

Higher production and lower costs from its Spanish/Bolivian operations has seen Orvana Minerals post a loss-$3.3M profit turnaround

Pembroke Resources expects the strong demand from Asian steelmakers for high-quality coking coal to sustain an eight-decade mine life for its Olive Downs mine in Australia’s Bowen Basin.

$11M FY18 profit underpins Tigers Realm’s increase in FY19 Russian coking coal prodn expectations to its 10Mtpa target

Barrick has again raised the buyout option for majority-held Acacia after Acacia hit back at claims it’s an obstacle in resolving the long running tax dispute with the Tanzanian govt

The need for an urgent settlement of the Acacia Mining/Tanzanian govt N Mara dispute underpinned by the mine’s April 54% gold jump

Less than a year after completing a major restructuring, AngloGold Ashanti has announced it is considering plans to divest its remaining South African assets as part of a continuing process to streamline its international gold mine portfolio.

Bad weather, bad start to FY/CY19 despite FX gain-assisted Q1 19 net loss cut on revenue/cash flow plunges

A disastrous three month period that followed the Brumandinho tailings dam rupture in January has resulted in Vale sustaining significant reductions in output and sales of iron ore, coal, nickel and copper in the March quarter.

Lepidico share-swap merger deal with Desert Lion Energy sets the basis to create a global leader in the development of lithium chemicals.

Q1 19 records in all the right places prompts Kirkland Lake Gold to lift FY/CY19 expectations to 950,000oz+, with costs down

The PFS on Myanmar Mets’ world-class, phase-1, $300M Bawdwin lead-silver-zinc project envisages a construction start later this year for production in 2021

A contract dispute and bad weather affecting shipments the major contributors to Eldorado Gold’s Q1 19 gold revenue falling $19M to $54.5M, but still cutting net loss to $27M from $218M.

Lower production, higher costs have more than halved N American Palladium’s Q1 19 profit to $29.5M. Top-end FY19 235,000oz output maintained

Perseus Mining is confident it can extend its reputation as a West African gold mine developer and operator with board approval of its third gold mine, the Yaouré development in Côte d’Ivoire.

Scoping study flags at least $17M to kick-off Tando Resource’s SPD vanadium project in South Africa with LoM EBITDA expectations of up to $431M. Search on for off-takers

A series of global adverse weather events, Chinese port restrictions and lower prices have cut Peabody’s Q1 19 profit in half to $130M on lower coal sales

The move from heap leach to CIL at Endeavour Mining’s Ity gold operation is the price paid in Q1 19 for a brighter future with FY19 production set to exceed 2018 and more to come

Retail-industrial conglomerate Wesfarmers’ latest move to secure a position in the emerging boom for battery market minerals could help to realise the vision of establishing Western Australia as a global hub for downstream lithium processing. John Feary reports

Cobre Panama in the wings as a big fall in Q1 18 copper production sees First Quantum’s net earnings plunge to $53M from $198M

Increased nickel-copper production at record low costs from IGO’s Nova project have surpassed lower Tropicana gold output for a 6,300% Q3 19 profit jump to $45M. By Mark Mentiplay

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


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