Mining Bulletin

The full story: In-depth news and analysis

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Mining Bulletins

The full story: In-depth news and analysis

New study envisages Alt Resources’ low cost/risk Mt Ida operation producing 191,600oz AuEq over an initial 6-years and capable of much more. By Mark Mentiplay

Yamana Gold’s Q2 19 loss-to-$14M profit turnaround comes with increased AuEq production expectations out to 2023

The 1st full qtr of prodn from the recently acquired Tucano mine has more than doubled Q2 19 prodn, with the restarting Coricancha mine in the wings

Record production and costs performances by the Cadia mine in NSW have helped Australian gold leader Newcrest Mining beat its gold and copper targets at its best recorded unit costs in the year to end June.

Fired by a 46% H1 19 profit jump to $1.9B, Anglo American is quietly confident of more out to 2022. By MBM’s European correspondent

The underground return road to profit from the big Grasberg mine’s transition from open pit mining has hit a major snag in lower production and higher costs, pushing Freeport-McMoRan to an H2 19 $41M loss from H2 18’s $1.56B profit

Despite an easing of Q4 19 gold production, Regis Resources has managed another full year 363,420oz record. By Mark Mentiplay

Despite substantial falls in Q2 19 iron ore fines/pellet production, Vale has been able to call on offshore inventories to lift sales 4.5%, underpinning its recovery

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

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