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The full story: In-depth news and analysis

Element 25 has confirmed the potential for its Butcherbird project to be Australia’s next significant manganese mine with a PFS identifying the opportunity for a low-cost, long-life development that will deliver first concentrate much earlier than previously anticipated.
John Feary reports.

A range of issues across its Americas base/precious metals operations has seen Hudbay Minerals Q1 20 loss blow out to $76M

SEMAFO has overcome the COVID-19 virus bite to double Q1 20 profit on increased gold production from its Burkina Faso operations

SSR Mining $1.72B bid for Alacer gold to create $4B market cap, 780,000oz AuEq pa producer

All 3 of Great Panther Mining’s operations have posted Q1 20 output losses, taking its net loss out to $40.5M

Equinox Gold has found an additional 740,000oz underground gold resource at its Aurizona open pit capable of generating an extra $1B revenue over a 10-year LoM

Hecla Mining’s Q1 20 loss blowout to $17.2M on lower production of all its commodities sees FY/CY20 gold/silver expectations cut

Q1 20 gold-copper production falls have prompted Barrick Gold to cut its FY/CY20 gold expectations by 200,000oz

TerraCom is taking “decisive action” to reduce operations and unit costs at its Blair Athol thermal coal mine in Queensland, Australia to cope with the market volatility resulting from the global COVID-19 pandemic.

IAMGOLD has cut its Q1 20 loss back to $34.4M from $303.8M, despite reduced gold production and resultant revenues

After a previous deal failed the Australian foreign investment hurdle, AVZ Minerals has attracted a new $10.6M equity investment from prospective Chinese lithium chemical producer Yibin Tianyi for its flagship Manono lithium-tin project.

Despite easing gold production, increased copper output has seen Centerra Gold post a $30M turnaround to Q1 20 $20M profit

Mulatos and Island Gold shine, despite Alamos’ Q1 20 production slide and turnaround from profit to $12.3M loss

Diversified global miner Lundin Mining has cut FY2020 guidance after big Q1 20 swing from profit to $111.5M loss

Taseko Mines’ Q1 20 loss increased by $40M to $49M with moly output nearly halved, but copper less badly affected

Despite lower COVID-19 affected copper-gold output, First Quantum has cut its Q1 20 net loss by $53M to $62M

2 of St Barbara’s 3 mines have posted production losses in Q3 20, with costs up, the exception being Simberi in PNG with higher output and lower costs

Technical problems at Perseus Mining’s Ghana gold mine have pushed Perseus’ Q3 20 output down and ASIC up

Australian coal miner Stanmore has been hit by a sudden rush of deferrals of scheduled coal deliveries due to the impacts of the global COVID-19 pandemic, forcing it to slash its earnings forecast for the June financial year.

Barrick Gold has accused the PNG of seeking to nationalise its 47.5%-owned Porgera gold mine in the Western Highlands by stealth by its refusal to approve a renewal of its special mining lease.

A combination of COVID-19 inspired South African shutdowns, power outages and a smelter explosion have hammered Anglo American Platinum’s Q1 20 output

Despite easing Q3 20 production, Evolution has racked up some impressive cash flows, with more in the wings from its recent Canadian acquisition. By Mark Mentiplay

All of Highland Gold Mining’s operations have kicked off FY/CY20 with output falls

The late Q1 20 qtr shut down of Hochschild’s 3 mines has cost it dearly, with gold-silver both down

Higher Q1 20 production and lower costs has Chilean copper major Antofagsta holding to FY/CY20 guidance, but with its flagship Los Pelambres expansion on C&M

Teck Resources Q1 20 is all about cutting losses – adjusted profit, gross profit, EBITDA, cash flow and revenues

Strandline signs 3 major mineral sands off-take deals worth $615M and accounting for an initial 66% of revenue from its upcoming WA operation. By Mark Mentiplay

Lower milled ore and a temporary suspension of underground mining at DeGrussa ease Q3 20 copper-gold production

3 of Sierra Metals’ products have weathered the initial COVID-19 fallout, but the company has shut down some operations as it prepares for more

A 12-day shutdown has only marginally affected New Gold’s Rainy River operation and offset by increased New Gold mine production


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