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Mining Bulletins

The full story: In-depth news and analysis

Lower gold, higher tax contribute to China Gold Int’l Res bottom line loss increasing $28M to $32M

Yamana Gold flagging H2 20 return to normal operations after COVID-19 restrictions throughout the Americas cut Q1 20 gold equiv output to 221,746oz

Australian-based developer Allegiance Coal has wrapped up the supply chain from coal face to customer for its planned revival of the New Elk metallurgical coal mine in SE Colorado, USA.

Golden Mins PEA flags new option for low-cost restart for the Velardeña silver-gold properties in Mexico’s to produce 20Moz AgEq over 10-year LoM

Evolution Mining is expecting 25,000oz in the June 2020 qtr from the Red Lake gold operation it has just acquired from Newmont for $375M

A FY19 that saw all its mineral products up, Sierra Metals’ has seen its net profit plummet to $4.4M on lower metal prices and higher costs

TMAC’s Hope Bay gold expansion PFS sees a $1.2B project producing an initial 3.1Moz over an initial 15-years

Lower Beta Hunt gold production, off-set by a 1st up H2 19 16,635oz from recently acquired Higginsville cuts RNC FY19 loss to $6.9M

Endeavour all-share bid for SEMAFO to create the biggest gold producer in Burkina Faso/Ivory Coast

Kirkland Lake has followed the shutdown of 2 Aussie gold projects with cuts at Detour Lake and the suspension of all exploration

New moves by gold major Newmont to offset the global COVID-19 pandemic prompts 4 temporary mine closures and an expected Q1 20 prodn fall

Increased product prices received for a 3% revenue jump has failed to offset a 12% fall in Kenmare’s FY19 profit to $45M, with warnings of uncertain times ahead

National quarantine to combat coronavirus forces demobilisation of most of the 10,000 workforce on Anglo American’s $5.3B Quellaveco copper project in southern Peru.

Strong PFS results highlight Bardoc Gold’s opportunity to develop a substantial new mid-tier Australian gold project with outstanding economics and strong financial returns just north of the world-class Kalgoorlie mining hub.

Coronavirus restrictions on the movement of goods and people within Mongolia threaten to further delay completion of the vital underground expansion of the Rio Tinto-operated Oyu Tolgoi copper-gold mine.

Gold miner Norgold has acquired 19.9% of Aussie explorer Cardinal Resources and its advanced Ghana gold project, and flagged a cash bid for the rest. By Mark Mentiplay

Kingsrose Mining cranking up to extend and increase its Sumatra gold operations beyond mid-FY2020

Kirkland Lake to shut down 2 of its “non-core” Australian gold operations. About 250 to lose their jobs

New mine production lifts Endeavour Mining gold output 6% to 651,000oz and profit to 39% to $74M

Anglo American Platinum is facing the loss of nearly 1Moz platinum group metals and gold, with a likely $US1B decline in earnings, after fears of a catastrophic explosion forced the closure of a key process unit at its Waterval smelter in South Africa.

New owner Anglo American says it has the financial resources and capabilities to achieve a successful development of the North Yorkshire polyhalite project that broke Sirius Minerals.

With both of its gold operations hit by serious FY19 shutdowns, one following a 39-death worker convoy ambush, SEMAFO has managed a $$50+ profit

Australia’s credit agency confirms its interest in funding support for EcoGraf’s battery graphite purification plant development in WA and Renascor Resources’ flake and spherical graphite project in SA.

With the completion of the Leagold merger/takeover this month, Equinox Gold is set to dramatically increase gold production from 2 to 6 mines and move well into the black from FY19’s reduced $20.3M loss

After 10 years and nearly 1Moz of gold production at its Co-O mine in the Philippines, Medusa Mining is looking beyond its recent struggles with a start of work nearing for the $48M decline to target additional mineralisation it expects to find at greater depths.

A major mine closure and the sale of a major asset sees a new Avino Silver & Gold coming from a profit-to-loss base

With the bulk of its commodity output down, Hudbay Mins has fallen from profit to a $343.8M loss

Eldorado Gold’s FY19 move into the black flags a bright future, already based on increased prodn and more flagged for FY20

It wasn’t just $1.1B of impairments that has cut Teck Resources’ FY profit to $399M from $3.1B

World gold major Newmont’s recent global acquisitive machinations have taken the company to a $2.87B profit with more expected as the various projects settle in


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