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WA miner Gascoyne Resources appoints voluntary administrators after review that pointed to a lower-grade future for its struggling Dalgaranga gold mine. John Feary reports

Junior (30%) JV partner Argonaut Resources has fired up after Aeris Resources halted the long-awaited first stage drilling program on their giant Torrens IOCG project with only 20-25% of the planned work completed.

Early indications from Hummingbird’s new Yanfolila LoM plan show a 1st 3-years rise in gold output and consequent recovery from FY/CY18’s $12.8M loss

An array of issues, led by a €250M tax bill, lower copper-silver-gold prodn and higher costs, have seen Nyrstar fall from a FY/CY17 profit to a FY/CY18 €618M loss

Major shareholder IMC Group offers a $20M working capital lifeline as WA miner Millennium Minerals works to remedy Nullagine production shortfall. John Feary reports

Codelco internal forecast sees 40% prodn fall from its huge Chuquicamata Copper Mine in Chile over the next 2-years as it moves underground

The PFS for Talga Resources’ Vittangi graphite project in Sweden points to early revenue from a low-cost first stage development plus NPV of over $US1B for the full-scale operation.

Hard on the heels of a big resource increase and a new off-take agreement, Mincor Resources has signed $9.5M deal to buy the 32,000t nickel resource Long Nickel mine to accelerate its Kambalda nickel restart strategy. By Mark Mentiplay

Barrick Gold acquiesces Tanzanian government demands to exclude management of Acacia Mining from negotiations to end their damaging stand-off with the regime of President John Magufuli, proposing a hostile share-swap takeover of its subsidiary.

Lower commodity prices, a smelter shutdown and a major steel acquisition have helped push Vedanta Resources from a FY18 $239M profit to a FY19 $237M loss

World lithium major Ganfeng is buying 30% of Bacanora Lithium and 22.5% of its advanced Mexican lithium project for £22M, with options for more

4 scenario development options have been laid out in SolGolds’ PEA for its majority- owned Cascabel copper-gold-silver project costing up to $10.5B and generating some impressive production numbers for up to 66-years. By Mark Mentiplay

Monitors detect material movement in a disused Vale iron ore mine that raises alarm over the potential risk of another collapse in Brazil’s Minas Gerais state.

New study flags $100M pa net free cash flow over an initial 8.5-year LoM from SilverCrest Metals’ $150M capex Las Chispas silver-gold project in Mexico

Higher production and lower costs from its Spanish/Bolivian operations has seen Orvana Minerals post a loss-$3.3M profit turnaround

Pembroke Resources expects the strong demand from Asian steelmakers for high-quality coking coal to sustain an eight-decade mine life for its Olive Downs mine in Australia’s Bowen Basin.

$11M FY18 profit underpins Tigers Realm’s increase in FY19 Russian coking coal prodn expectations to its 10Mtpa target

Barrick has again raised the buyout option for majority-held Acacia after Acacia hit back at claims it’s an obstacle in resolving the long running tax dispute with the Tanzanian govt

The need for an urgent settlement of the Acacia Mining/Tanzanian govt N Mara dispute underpinned by the mine’s April 54% gold jump

Less than a year after completing a major restructuring, AngloGold Ashanti has announced it is considering plans to divest its remaining South African assets as part of a continuing process to streamline its international gold mine portfolio.

Bad weather, bad start to FY/CY19 despite FX gain-assisted Q1 19 net loss cut on revenue/cash flow plunges

A disastrous three month period that followed the Brumandinho tailings dam rupture in January has resulted in Vale sustaining significant reductions in output and sales of iron ore, coal, nickel and copper in the March quarter.

Lepidico share-swap merger deal with Desert Lion Energy sets the basis to create a global leader in the development of lithium chemicals.

Q1 19 records in all the right places prompts Kirkland Lake Gold to lift FY/CY19 expectations to 950,000oz+, with costs down

The PFS on Myanmar Mets’ world-class, phase-1, $300M Bawdwin lead-silver-zinc project envisages a construction start later this year for production in 2021

A contract dispute and bad weather affecting shipments the major contributors to Eldorado Gold’s Q1 19 gold revenue falling $19M to $54.5M, but still cutting net loss to $27M from $218M.

Lower production, higher costs have more than halved N American Palladium’s Q1 19 profit to $29.5M. Top-end FY19 235,000oz output maintained

Perseus Mining is confident it can extend its reputation as a West African gold mine developer and operator with board approval of its third gold mine, the Yaouré development in Côte d’Ivoire.

Scoping study flags at least $17M to kick-off Tando Resource’s SPD vanadium project in South Africa with LoM EBITDA expectations of up to $431M. Search on for off-takers

A series of global adverse weather events, Chinese port restrictions and lower prices have cut Peabody’s Q1 19 profit in half to $130M on lower coal sales

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