Mining Bulletin

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Mining Bulletins

The full story: In-depth news and analysis

An 89% jump in gold reserves, including 461,000oz underground, has PFS backing a dual open pit satellite/underground operation at Avesoro’s Liberian project

Strong drilling results underpin new mine developments that are expected to deliver a strong uplift in head grades at Millennium Minerals’ Nullagine gold project in Western Australia.

Barrick Gold wants to talk J/V on Newmont Mining’s Nevada, US, operations, despite having its Newmont takeover rejected and plans to go directly to Newmont shareholders on a full takeover

The Newmont Mining board has unanimously rejected the Barrick Gold bid saying it’s not as good as the previously announced Newmont-Goldcorp get together

A string of new increased production/financials are already flowing from completion of FEED work on Kalium Lake’s WA potash project, head for prodn next year

Brazilian mining giant Vale promises continued transparency with authorities over investigations and remediation of the Feijao mine disaster.

Great Panther Silver is now looking to its acquisition of Aussie gold miner Beadell to restore its fortunes after a FY18 profit-to-$10M loss

Increased copper-gold production from OZ Minerals’ Prominent Hill operation continues to underpin OZ Minerals’ other advanced asset developments, but unable to offset FY18 $9M profit fall

Nzuri Copper directors urge shareholders to accept $110M cash bid from DR Congo development powerhouse Chengtun Mining Group.

Higher costs, lower commodity prices and a $22.5M Silverstream loss have trumped increased silver/gold production to cut Fresnillo’s FY19 profit 73%

After several days of confusion, Barrick Gold has launched a $17.8B bid for US rival Newmont Mining

Operational challenges during FY 18 have seen just about all of gold miner Centamin’s major indicators down, with profit down over $50M to $152.6M

Australian market interest in Latin America lies behind agreed merger of Titan Minerals with Canadian-based Core Gold.

Perseus Mining’s targeted 500,000oz pa gold prodn by 2020 underpinned by 30% H1 19 output increase, with Yaouré in the wings. By Mark Mentiplay

Barrick Gold, the world’s biggest gold miner, has considered a $19B takeover bid for Newmont Mining, which has made a $10B bid for Goldcorp

With its new Gold Bar Mine in the US hitting its straps, McEwen Mining is flagging record FY19 output of 210,000oz following FY18’s 175,640oz record

All the big FY18 profit numbers have come up for KAZ Minerals, with more of the same expected in FY19

Base metals miner Trevali Mining has taken a $312M impairments slug for a profit-to-$231M FY18 loss, with zinc output up, but silver-lead down

Despite record FY18 gold production following the mid-2018 Klondex takeover, Hecla’s silver production has fallen over 2Moz, albeit cutting its loss $2M to $27M

Lower tax and asset sale help Newmont Mining from a loss-to-$280M FY19 profit turnaround despite lower gold-copper prodn and higher costs. By MBM North American correspondent

The outstanding performance of low-cost mines in Australia and Canada have Kirkland Lake Gold closing in on a million ounces of annual gold production – and a billion dollars in annual cash may not be far behind

Specialty chemicals producer Albemarle gets one-off extraordinaries help to a FY18 $696.5M profit from 2017’s $55M net income

Heavy investment lower interim profit but advances Mineral Resources towards its ambition of becoming Australia’s No 1 integrated mining services provider. John Feary reports

Alamos Gold has had a good FY18, with record gold production and more in the wings, but with higher costs and one-off items generating a near $100m turnaround to $72.6M loss

Acacia Mining says it has not yet been briefed by its 63.9% shareholder on a new agreement negotiated with the Tanzanian government to settle the bitter dispute over alleged tax and duty evasions.

Unexpected problems in Australia and Chile keep H1 19 prodn/revenue flat and the underlying profit 8% lower to $3.73B, with FY18 expectations for more of the same. By Mark Mentiplay

Chinese coal traders are looking for other sources as just Australian shipments are being mysteriously held up by customs

All systems go as Pretium Resources posts 1st full-year 370,000oz+ gold, $200M cash flow and a $36.6M net profit. By MBM’s North American correspondent

Asanko Gold and its namesake Ghana gold mine J/V both suffer heavy FY18 losses

Lower production, higher costs and impairments have combined to push Kinross Gold from a 2017 $445M profit to a $23.6M 2018 loss


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