Mining Bulletin

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Mining Bulletins

The full story: In-depth news and analysis

Barrick Gold plunges to $94M Q2 18 loss, with adjusted net earnings more than halved to $81M, despite gold up a little, but copper down

Uranium major Cameco has posted a $131M turnaround to a $76M Q2 18 loss and extended its 10-month prime asset shutdown indefinitely. By MBM’s N American correspondent

Tigers Realm still confident of meeting its 2018 targets at Project F in Russia’s Far East despite the impacts of an even more challenging winter than anticipated on its June quarter production.

A record Q4 18 sees iron ore major Fortescue Metals’ FY18 shipments steady at 170Mt and targeting a top-end 173Mt in FY19. By Mark Mentiplay

Global copper-gold-moly prodn increases lift Freeport-McMoRan’s Q2 18 profit $177M to $869M. BY MBM’s North American correspondent

Despite lower production from Antofagasta’s big Los Pelambres operation due to April/May’s pipeline outage, Q2 18 copper/gold prodn well up

On the heels of a maiden resource for its flagship Thompson Bros Lithium Proj in Alaska, Nova has announced a $24M spin-off to give the project a new home. By Mark Mentiplay

Expanded processing, control systems and better big mining equipment sharing at Polyus’ core operations fuel a 19% jump in Q2 18 gold production.

A new study of Ardea’s WA nickel-copper project dramatically lifts output, project value, LoM and rate-of-return, among other things

With an Odysseus boost on the near horizon, Western Areas has seen FY18 nickel production fall, with costs and prices up

Doray Minerals' discovery of new high-grade lodes and growing geological understanding underpins a 43% increase in forecast life of mine production from its Deflector gold mine in Western Australia. John Feary reports

A 41% fall in gold production aided by a $24M+ impairment on a project being sold, has cut Acacia Mining’s H1 18 profit 51% to $31M

Cost savings and increasing underground mining is paying off for Shanta Gold, with Q2 18 gold production well up and costs well down

With the Minas Rio iron ore suspension likely to keep hurting Anglo American until early next year, the global miner is seeing increased returns from its other operations.

Record FY18 lower costs, cash flows on declining gold-silver production, with FY19 output expected to be lower again. By Mark Mentiplay

New study sees 1.76Moz gold over 8-year LoM from Osisko Mining’s Windfall project, generating $2.96M revenue and $1.12B cash flow starting Q2 22.

New study envisages end-2019 start for Equinox Gold’s $489M Castle Mountain Gold Project producing 2.8Moz over a 16-year LoM generating $1B+ cash flow, By MBM’s North American correspondent

Australian gem miner Mustang Resources has joined Canadian gems explorer/developer’s $15M cash/shares deal for a big chunk of the Montepuez gem region in Mozambique. By Mark Mentiplay

A Q2 18 with all commodities production in Azerbaijan up, has enabled Anglo Asian to cut net debt by $7M to $2.9M

Panoramic Resources has given the go-ahead for the restart of operations at its mothballed Savannah nickel-copper-cobalt project after lining up a $A40M facility that ensures the project is fully funded.

After 10-years in the making, a new study envisages a 2020 start for Kasbah’s Achmmach Tin Project in Morocco, generating $815M turnover and EBITDA $444M

Better than expected grades have lifted Hecla Mining’s Q2 18 silver/gold production, with lead/zinc easing, but giving it $245M in the bank

2-months Mt Polley strike and a ball mill failure at Red Chris have clobbered Imperial Metals Q2 18 with copper gold production both well down

Looking likely to lose its global No-1 gold spot, Barrick Gold has flagged a FY18 fall in copper production following problems at its Lumwana mine in Zambia

Australian iron ore junior reiterates its advice to shareholders to accept Hancock Prospecting's 3.9cps cash offer as higher costs and lower prices send its cash balance on a 45% decline.

New developments at Mandalay’s 2 mines are expected to see total AuEq prodn recovery over the next 2 qtrs from Q1 18’s decline

Resolute Mining has released a revised expansion plan that it says will confirm a long-life, low-cost and low-risk future for its Ravenswood gold mine in NE Queensland, Australia.

New study sees Liberty Gold’s $195M, low cost US Goldstrike project producing an initial 713,000oz over 7.5-years

Doray celebrates the success of near-mine exploration at its flagship Deflector mine in Western Australia that has lifted post-depletion resources by 34%.

Q2 18 Macassa/Fosterville gold production records set Kirkland Lakes for the big one – a record FY18 620,000oz+

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