Mining Bulletins
The full story: In-depth news and analysis
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
The follow-up to Kirkland Lake Gold’s record FY19 year is expected to include records as the effects of the recent Detour Gold acquisition bite
A 120,000oz gold fall and a $395M impairment charge have powered IAMGOLD’s FY19 loss blowout to $412.6M
Anglo American’s FY19 profit has tied with the previous year at $3.54B in a year that saw the majority of commodity production down
In the wake of a $96M profit for FY19, Alamos Gold has confirmed a production decline to continue through FY20
$2.8B of impairments has seen global major Glencore collapse from a FY/CY18 $3.4B profit to a $404M FY/CY19 loss
Anglo American Platinum has emerged from power load shedding and a strike to more than double FY19 PGM production and lift its annual div from R11.25 to R52.6ps
The proposed development of one of the world’s largest and highest-grade zircon and ilmenite-rich mineral sands ore reserves has been scaled back after the failure of Sheffield Resources to line up project funding through a strategic partner process.
Pages
