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Mining Bulletin

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Mining Bulletins

The full story: In-depth news and analysis

Hoping that the worst of the BIOX plant under-performance at its ramping Philippines gold project is behind it, Metals Ex has cut FY/CY17 losses on increased production

West Australian miner Pantoro says a "relatively modest" maiden ore reserve of 62,000oz gold won't deter its planned underground development at its Nicolsons operations, given the project's history of performing better than pre-mining models suggest. John Feary reports

Zinc, aluminium, oil & gas fuel $259M turnaround to a Mar 2018 year $236M profit from the previous year’s $23M loss

New mine lifts Endeavour Mining’s 5-mine Q1 18 gold production for a $162M turnaround to a $28M profit

Verdant Minerals feasibility study outlines a 20-year mine life, with potential for many decades more, at its Ammaroo phosphate project in Australia's Northern Territory.

Aura Minerals has capped a successful Q1 18 of merger and $40M of asset sales with a profit nearly doubled to $11.3M

Bluebird Mining Ventures identifies a favourable low-cost ore source from the sampling of broken rock left by historic miners at the historic Kochang underground mine in South Korea.

Plunging gold-copper production that has seen China Gold’s 2-mine operating earnings crash nearly $40M, have pulled the company’s Q1 18 net profit down $18M to $2M

Despite a recovering smelter lock-up costing about 47,000oz of PGM sales and higher costs, Lonmin has managed to cut H1 18 losses to $67M

Millennium Minerals is progressing plans to lift annual gold production at its Nullagine project in Western Australia to over 100,000oz with the placing of early equipment orders for the planned $15M sulphide circuit. John Feary reports

Global major Rio Tinto's $US57M funding deal offers financially constrained Sipa Resources a way forward at its Kitgum-Pader nickel-copper discovery in northern Uganda.

Lower revenue from lower gold sales and higher costs sees Pretium Resources’ Q1 18 loss jump over $5M to $8.1M, but on track for H1 18 guidance up to 200,000oz

Big Japanese miners look to crank up production from troubled Chilean copper mines that have failed to reach expectations

An under-performing plant, currently being rectified, lower gold production and nearly $6M in FX losses, has seen TMAC Resources’ Q1 18 loss blow out to $5.8M

Oman's Public Authority for Mining has received all the government approvals it needs for the issue of a mining licence for the Al Hadeetha copper development.

Randgold Resources has maintained its 1.3-1.35Moz gold production target for 2018 despite a series of challenges that lowered March quarter output by 16%.

Montezuma Mining plans an early move to a prefeasibility study on its Butcherbird manganese project after a scoping study backed its economic and technical viability. John Feary reports

Record throughput at 2 of its 3 Latin American polymetallic underground mines has substantially lifted production, quadrupling Q1 18 qtr-on-qtr profit to $8.7M

Kin Mining's hopes of starting production this year from its suspended Leonora gold development in Western Australia have well and truly gone out the window, with two reports calling for more studies before construction work can resume.

A slight rise in gold equivalent production, increased revenue and lower AISC failed to avert Kinross Gold’s Q1 18 net earnings being halved to $106M. By MBM’s North American correspondent

New technology-focused explorer/developer Talga Resources is looking to spin-off its Swedish cobalt projects to focus on its advanced graphite-graphene projects. By Mark Mentiplay.

Departing CEO Venkat sees the benefits in lower costs and higher earnings from AngloGold Ashanti's smaller and more efficient project portfolio.

Nevsun has rejected a $1.5B takeover bid from Lundin Mining and Euro Sun without the cash/shares deal being put to shareholders

PFS underpins potential for Agrimin’s $409M Western Australia Lake MacKay Potash Project to become the world’s biggest, lowest cost seaborne sulphate of potash supplier. By Mark Mentiplay

Three years of silence about Chinese state-owned Zijin Mining's development plans for the Bullabulling gold project in Western Australia has forced Jervois Mining to abandon plans to sell a lucrative royalty interest.

New open pit production is expected to boost North American Palladium production for the rest of the year after lower production cut Q1 18 profit to $5.6M

Harmony Gold expects contributions from its newly acquired Moab Khotsong mine in South Africa and the ramp-up of Hidden Valley in PNG to boost it to its higher full year gold production target of 1.8Moz.

Another record breaking qtr has seen Alamos Gold lift FY/CY18 gold guidance to a top-end 530,000oz and rise from a Q4 17 $5.3M loss to Q1 18 $600,000oz profit

Exploration drilling at its Fosterville mine in Victoria and Nimbus in the Northern Territory is supporting Kirkland Lake Gold's confidence in the potential of its Australian operations.

Para Resources to restart the low cost Gold Road underground mine in the US in Sept 2018 to produce 203,570oz over an initial 7-year LoM


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