Mining Bulletin

The full story: In-depth news and analysis

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Mining Bulletins

The full story: In-depth news and analysis

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.

Agnico Eagle has followed up a very profitable FY19 on increased gold production by cutting FY/CY20 output expectations

It’s cost some money, but First Quantum is now on track to lift FY20 copper production well past 800,000t and gold past 280,000oz

Pretium is expecting FY20 gold production to follow FY19’s downward trend, which managing a small increase in profit to $41M

Barrick Gold has gone from a big FY18 loss to an even bigger FY19 profit, while cutting debt in half and lifting Q4 19 dividend 40%

Capstone is predicting a 20% copper prodn jump and 10% lower costs by 2021 after lower FY19 output cuts net loss TO $16.2M

Centerra is expecting higher gold/copper prodn in FY20 after lifting FY19 output to 783,308oz and copper to 71.1Mlbs

Northern Star basks in strong increases in revenue, earnings and cashflow in the December half-year, with even more to come from its acquisition of the 50% management interest in the Kalgoorlie Super Pit and the rapid improvement of its Pogo project in Alaska, USA.

PNG mines minister clears the way for JV partners Newcrest Mining and Harmony Gold to reopen negotiations with the national government on a special mining licence for the giant Wafi-Golpu gold and copper project.

Orvana Mins has followed its FY19 losses with more in Q1 20 that came with the shut-down of its Don Mario mine in Bolivia

Despite increased production of all its commodities, Hecla Mining has seen its FY19 loss blow out to $100M+

Barrick Gold likes the big Grasberg mine in Indonesia, not all of owner Freeport McMoRan, CEO Bristow

Coal sales down 21Mt+, impairments and write-offs have seen Peabody fall to a FY19 $211M net loss from FY18’s $544.4M profit

More than doubling FY19 gold production has seen Alacer Gold lift profit, with cash flow jumping to $255.2M from $99.3M

Glencore is looking for modest changes in FY20 commodity production losses, just easing out increases

Institutional shareholder undertakings give Australian-based TerraCom a 47% starting point for its unsolicited takeover offer for South African miner Universal Coal.

Fortescue Metals maintains forecasts of higher full year iron ore shipments underpinned by expectations of continued strong Chinese market demand.

Australia's Newcrest Mining chooses to end its 27-year relationship with the Gosowong gold mine rather than comply with the Indonesian government’s requirement to sell down from its current 75% shareholding to a minority interest.

On-going discussions with the Philippines Govt over the renewal of Oceanagold’s operational agreement and return to production cuts FY19 gold output by 63,000oz

A big jump in Q2 20 gold/silver output from Kingsrose Mining’s Sumatra operations lifts FY20 expectations

Completion of a DFS on its Chilalo project in Tanzania positions Graphex Mining as a vertically integrated manufacturer of high-value graphite products, as opposed to a graphite mining company.

Global miner Freeport-McMoRan has fallen to a FY19 $239M loss from a FY18 $2.6B profit, with all commodities down

Miner Sierra Metals expects to top a FY19 that saw increases in all its commodities production with an even better FY20

The ramping Ity CIL project was about the only bright spark in Endeavour Mining’s FY19 6% production jump to 651,000oz

High commodity production falls easily surpassed any gains for Anglo American in FY19, with metallurgical coal the only big winner and diamonds taking the biggest hit

Lundin Mining is expecting a similar FY/CY20 as 2019, which saw copper production up, but zinc/nickel down

The impact of capacity constraints as it juggles mining and development activities at depth at its flagship Gwalia mine in Western Australia have contributed to St Barbara reducing its June 2020 year gold production guidance.

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