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Mining Bulletins

The full story: In-depth news and analysis

It’s early days yet, but BHP is generating intense speculation about a new Olympic Dam-style IOCG discovery with the report of strong copper, gold, uranium and silver intersections from exploration in South Australia’s Stuart Shelf.

A scoping study has delivered a robust case for underground development at Genesis Minerals’ Ulysses gold project, but more drilling success could still deliver a significant boost. John Feary reports

Indonesian coal producer Golden Energy and Resources has launched a $47.7M offer for Australian independent coal producer Stanmore Coal.

Zimbabwe-focused Prospect Resources aims to move swiftly towards financing, additional offtake agreements and development on the back of a positive DFS on its 87%-owned Arcadia hard-rock lithium project on the outskirts of Harare.

BHP’s preliminary report ascribes its recent 268-car iron ore train derailment to a brake system failure and incorrect operating procedure

Stanmore Coal builds more flexibility to follow market trends in new 5-year Isaac Plains East coal mining services contract extension for NRW unit Golding.

Antofagasta predicts up to 20% increase in production after giving the go-ahead for a $1.3B expansion of throughput capacity at its 60%-owned Los Pelambres copper mine in Chile.

Big gun Pan American Silver has launched a mutually agreed $1.07b bid for suspended Escobel mine owner Tahoe Resources

A sizable jump in YTD18 gold production from its Burkina Faso operation, fuelled by better mine and processing performances, has Roxgold set on exceeding FY/CY18 expectations

RNC’s Aussie bonanza grade gold discovery has cleaned up its balance sheet, eliminating $30M debt, but doubling production hasn’t stopping its YTD18 loss also doubling

A $160.7M jump in gold sales to $225M+ and lower costs have been the main drivers in cutting Avesoro’s YTD18’s loss to $9.16M

Northern Star has launched a $150M cash bid for full ownership of the E Kundana J/V in Western Australia. By Mark Mentiplay

Polymetal study envisages Q4 21 start for production from Russia’s 4th largest, 155,000oz pa gold over an initial 15-years Nezhda deposit

Mineral Resources expects repairs from Western Australia’s latest iron ore derailment to be completed this week, but no date set for re-opening. By Mark Mentiplay

Pilbara Minerals plans to keep up the pace with early approval of the second stage expansion of its Pilgangoora lithium project in Western Australia. John Feary reports

Endeavour Mining is nicely set for a better 2019 with YTD18 gold production up, costs down, a loss to $31M profit turnaround and an even better Q4 18 flagged. By MBM's North American correspondent

SEMAFO’S new Burkina Faso mine has added its 1st commercial production to lift Q3 18 gold production for a turnaround from a loss to a $500,000 profit

The recently ended 2-months Tongon gold strike has helped take-over/merger target Randgold Res to a $50M profit slump on lower gold prodn, higher costs

Completion of Amerigo’s MVC Chile copper proj expansion generates record copper prodn, but with lower copper prices cutting net profit in half.

The inclusion of newcomer Island Gold sees record Alamos Gold YTD18 gold prodn up 23% to 379,400oz, but with a bottom line loss

Continuing organisational trauma from the tragic series of mining fatalities in the first half of the year has led Sibanye to reduce forecast full year 2018 gold production for its Southern African gold operations.

Kingsrose’s Way Linggo turn-around, expansion-to-profitability strategy has suffered another setback with Q1 19 gold-silver production down and costs through the roof. By Mark Mentiplay

It’s been a good 1st 9-months 2018 for Canadian multi-mineral miner Hudbay with overall production up to double net profit to $89M

Impairments/one-off $60M charge hammer Centerra Q3 18 profit, despite Q3 18 gold jump that lifts FY/CY18 expectations

FY2018 production guidance at Iluka’s Sierra Rutile business has been lowered by a cumulative 20% due to equipment issues and unlawful strike action at the Sierra Leone operation.

Scoping study flags $66M, 47,000oz Au/22,000oz Ag pa initial 5-year LoM Bird-in-Hand deposit close to Terramin’s producing Angas Zinc Mine in South Australia

Following a YTD18 profit plunge to $283M from $473M, gold major Newmont Mining has cut FY/CY18 gold expectations

Updated FS flags 1st gold from restarted $82M Santa Luz Gold Proj in 10-weeks, producing 1.06Moz over an initial 11-years

A $94M impairment sting has fuelled a $154M turn around to a $143.8 YTD loss for Eldorado Gold, but with surging gold prodn underpinning a FY18 upgrade

Yamana Gold has lifted FY/CY18 gold-copper expectations on the heels of a Q3 18 slump to an $81.3M loss

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