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The full story: In-depth news and analysis

Nickel miner Western Areas more than doubles FY 20 profit in the face of lower production and higher costs. By Mark Mentiplay

A string of FY 20 records, topped by a 49% profit jump to $4.7B on record shipments, has FMG expecting more of the same in FY 21. By Mark Mentiplay

Recently acquired Atlantic gold has lifted FY 20 gold production to offset lower output from St Barbara’s Australia/PNG operations and ease the FY 20 profit fall

Covid-19 wreaks havoc on Hochschild’s H1 20 bottom line with all production way down for a $9M loss, down 154% on H1 19

Triumphant FY20 results and more cash for shareholders as Northern Star exceeds most expectations on record profit, EBITDA and mine cash flow. By Mark Mentiplay

After seeing FY20 revenue and profits slip under the challenges of the COVID-19 impacts on the world economy, BHP joins the flight from under-pressure thermal coal production but sees continuing strong demand for high-quality metallurgical coal.

Despite a 13% drop in gold production, partially offset by a rise in copper output, Newcrest has managed a 34% jump in underlying profit to $750M

Aspiring Australian-based global mid-tier gold miner Evolution Mining is using its own underground mining experience and other operations to “recover” previously disregarded resources at its recently acquired Red Lake gold mine in Canada.

Northern Star’s Australian operations resources up 3.2Moz to 22.3Moz, reserves up 12% to 6Moz

The recently expansive Equinox has been hit with $86.4M worth of fair value changes resulting in a Q2 20 $58.7M loss from a $10.9M profit

Australian sentiment on Chinese foreign investment to be tested by Chinese private company Tangshan’s application for approval to take $130M stake in high-grade West Australian zircon and ilmenite project.

The impact of Covid-19, Porgera’s move to C&M and other major maintenance operations have pushed Barrick Gold’s Q2 20 profit down $43M to $357M

The surge in gold prices has helped global miner AngloGold Ashanti finish a turbulent June half-year by increasing adjusted EBITDA by 59% year-on-year to $US1.16B and free cash-flow by 671% to $177M from a $31M outflow in the corresponding period.

Endeavour Mining $63M turnaround to a $37M Q2 20 loss as it assimilates its recent acquisition of SEMAFO. Watch this space

Eldorado Gold has emerged from its COVID-19 precautions with a June 2020 qtr $45.6M profit from the previous qtr’s $5M loss

Mine resuscitation specialist Bluebird Merchant Ventures presses for an opportunity to take out JV partner Southern Gold’s stake in Gubong and Kochang gold mines in South Korea.

Increased Q2 20 gold production from all 3 operations has lifted net profit to $80.7M from the previous qtr’s $20M.

Capstone Mining has shuffled off some minor COVID-19 limitations to jump to a Q2 20 $4.3M profit from the previous qtr’s $22M loss

The ramifications of the global COVID-19 pandemic has cut gold major Newmont’s Q2 20 net income in half on increased costs and lower production

A COVID-19 unscathed Kinross Gold has lifted its Q2 20 profit to $195.7M on the back of its 3 biggest and lowest costs mines

Lundin Mining is forging ahead, with minimal problems from COVID-19 and turning a Q1 20 $111.5 loss into a Q2 20 $38.7M profit

FYCY 20 copper-gold-nickel expectations have been cut again following lower Q2 20 production and an increased loss in the wake of the COVID19 pandemic

Australian iron ore major Fortescue says strong Chinese demand and the success of its integrated production and marketing strategy will sustain its Pilbara operations after its record performance in FY20. John Feary reports

Despite a horror Q2 20 with COVID-19 hit gold production down, costs up and FY/CY20 guidance cut, Alamos Gold has managed a $24M turnaround to $11.7M profit. By MBM’s North American correspondent

Canada-focused Aussie Champion Iron has avoided the sharp edged of the COVID-19 pandemic to post record quadrupled Q1 21 net income up to $75.6M

Global miner Rio Tinto’s posting of a maiden Winu resource and its new discovery nearby justify the growing excitement over the potential of the Paterson province in the Pilbara region of Western Australia.

Partners Gold Fields and Gold Road celebrate an ‘outstanding achievement’ in the first year of production as their Gruyere gold mine in Western Australia’s North-Eastern Goldfields achieves record June quarter production.

Record cash flows as gold-silver-copper miner Evolution Mining sees FY 20 gold-silver down, copper up and higher costs.

Antofagasta Q2 20 copper production down 8.4%, gold down 29.3%, costs up 2.7%

Aussie Aurelia’s big FY20 gold fall has been partially offset by base metal rises, but with AISC well up


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