Mining Bulletin

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Mining Bulletins

The full story: In-depth news and analysis

DFS lifts value of Galena’s WA lead-silver project with 1.24Mt lead, 10.6Moz silver flagged over the 1st 16-Years beginning 2021. By Mark Mentiplay

Barrick Gold has lifted its all-share bid for 64%-owned spin out Acacia Mining to end project threatening $300M tax dispute with Tanzanian govt

The seasonality of ALROSA’s diamond production has seen Q2 19 sales tumble 22%, with prodn up 24%

Low-cost nickel miner Western Areas is locking in a valuable revenue stream for the premium-grade product of the mill recovery enhancement project at its Forrestania operations through an offtake agreement with Japanese miner/refiner Sumitomo Metal Mining. John Feary reports

Hecla Mining is expecting more from H2 19 after silver up, gold down in a steady Q2 19

Chinese-owned Mirador copper-gold-silver mine in Ecuador begins production aiming for 94,000tpa copper conc

Previously unrecognised ground stability issues are forcing an urgent review of mine design that will further delay completion and increase costs by around 30% at the already long-delayed underground mine development at the Oyu Tolgoi mine in Mongolia.

It was partially expected, but still tough with Q2 19 HMC, ilmenite and zircon production all well down

Oz Mins is looking to create a mining/processing hub from its recently acquired CentroGold operation in Brazil also expected to produce an initial 120,000oz pa

A broad range of woes have seen Australia-focused gold miner Evolution’s FY19 costs jump $127oz on production down 48,000oz+ to 753,001oz.

After reducing its sights in FY19, Dacian Gold is predicting total production of 1.1Moz gold over eight years in a new mine plan for its Mt Morgans operations in Western Australia. John Feary reports

Legend Mining, independence Group and celebrated prospector Mark Creasy have formed a tripartite assault on Western Australia’s Fraser Range. By Mark Mentiplay

Low cost $1B+ revenue over initial 18-years forecast in new PFS on Centaurus’ Brazilian iron ore project

Oceanagold has responded to a Philippines governors’ order to restrain company operations at its Didipio Gold-Copper Mine with an injunction to be heard July 10.

Orion Minerals’ bankable feasibility study confirms strong economics for a new long-life, high-margin copper and zinc operation in the footprint of South Africa’s historic Prieska mine.

Australian mining contractor Macmahon is confident it can compete more strongly for work across the openpit and underground areas through its planned acquisition of specialist contractor GBF.

South Australian project developer Havilah Resources continues to explore upside scenarios for its flagship Kalkaroo project ahead of a prefeasibility study update.

WA miner Ramelius Resources sets out five-year plan to produce over 1Moz gold despite six-month delay in land clearance approval for its Greenfinch openpit development.

Saracen’s comeback success in its quest for the Bundarra resource also delivers a significant return for international resources investor Zeta Resources. John Feary reports

The Australian arm of Indian energy giant Adani expects to start construction work almost immediately after finally winning the final state government approval for its 10Mtpa first stage Carmichael thermal coal mine.

The mining services contract at Newcrest Mining’s Telfer gold mine that triggered a financial crisis for leading Australian contractor Macmahon two years ago has come back to bite it again, with warnings of significant impairment costs if the parties can’t agree to renegotiate the charges. John Feary reports

Troubles associated with the cost-cutting switch to contract mining at Avesoro’s 2 W African operations has forced the company to cut FY19 gold guidance and increase costs

Hecla Mining’s non-performing Nevada, US, assets will bear the brunt of a $25M cost cutting purge across all the company’s operations. By MBM’s North American correspondent

Canadian miner RNC follows up its Father’s Day Vein bonanza with a second major discovery of coarse gold mineralisation at the Beta Hunt mine in Western Australia.

Dacian Gold has flagged a potential “change of control transaction” after a strife-hit Q4 19 at Mt Morgans has forced the company to again cut FY19 production from 180,000oz to 136,000oz-143,000oz. By Mark Mentiplay

WA miner Gascoyne Resources appoints voluntary administrators after review that pointed to a lower-grade future for its struggling Dalgaranga gold mine. John Feary reports

Junior (30%) JV partner Argonaut Resources has fired up after Aeris Resources halted the long-awaited first stage drilling program on their giant Torrens IOCG project with only 20-25% of the planned work completed.

Early indications from Hummingbird’s new Yanfolila LoM plan show a 1st 3-years rise in gold output and consequent recovery from FY/CY18’s $12.8M loss

An array of issues, led by a €250M tax bill, lower copper-silver-gold prodn and higher costs, have seen Nyrstar fall from a FY/CY17 profit to a FY/CY18 €618M loss

Major shareholder IMC Group offers a $20M working capital lifeline as WA miner Millennium Minerals works to remedy Nullagine production shortfall. John Feary reports


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