Mining Bulletin

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Mining Bulletins

The full story: In-depth news and analysis

With one of its 3 producing mines still out of action, Mandalay Resources has plunged from profit to a near $20M loss in Sept YTD

B2Gold has emerged from lower YTD 17 profit, gold prodn/sales and higher costs, heading for FY 18 production up to a top end 975,000oz. By MBM’s North American correspondent

Fortescue Metals names the Eliwana deposit as the next development option for its Pilbara iron ore project in Western Australia.

With new studies upgrading resources/operations, the Juanicipio precious/base metals project is now looking at a production start in H1 20

Kyrgyz gold miner Centerra Gold and Canadian developer AuRico Metals are getting together via a mutually agreed $310M cash take-over bid by Centerra

Big falls in base/precious metals production has cut Hecla Mining’s Sept 9-months profit to $74M from 2016’s $173M.

A much better copper price has helped offset Copper Mountain Mining copper/precious metals credits falls for a $43.3M profit

New study sees $60M underground operation, expected to produce 170,000oz over a 4.2-year LoM, set to lift Roxgold’s Burkina Faso gold production to 150,000oz pa +

Strong September quarter delivers cash-flow turnaround for AngloGold Ashanti and its portfolio restructuring programs.

Patagonia Gold finds a solution to clay issues at its Cap-Oeste mine in southern Argentina, but not in time to prevent a 60% plunge in its FY2017 production guidance.

PEA has flagged a 2028 start for Lucara’s Karowe underground diamond operation following the conclusion of open pit operations there in 2026

Problems with its new contractor have forced Lucara to cuts its FY/CY 17 Botswana diamond production/revenue expectations

Q3 17 has been another successful one for Golden Star and its 2 burgeoning Ghana gold operations, but with a 64% production not enough to offset a net profit dip to $12.1M

A steady Hudbay ship has avoided any fallout from slightly lower copper production by lifting zinc-gold-silver output and its bottom line profit to $41M

A range of extraordinary charges, including a $60M settlement deal with the Kyrgyz Govt over the Kumtor Gold Mine, has pushed Centerra Gold’s net income down 10%, albeit with gold production up 62%

With the recommissioning of the Blair Athol Coal Mine in Australia that TerraCom bought for $1 completed, the company is set for its targeted H1 18 3.5Mtpa

Avesoro Resources has done a $69.5M shares/cash deal to add 2 producing Burkina Faso gold mines to its Liberian production from its 73.5% shareholder

Kefi Minerals has further refined its Tulu Kapi gold project 2017 DFS update, lifting plant size and initial production to 145,000oz pa

Despite a series of processing issues that cut global YTD 17 lead production 14%, Nyrstar has lifted EDITDA 35% and revenue 33%

Chinese auto major Great Wall has secured a 3.47% stake in lithium developer Pilbara Minerals via the 1st part of its offtake/equity deal, with an option for another 75,000tpa via $50M debt financing

With its N American, African and Australian gold operations reaching their full potential to increase YTD 2017 production, Newcrest Mining has gone from a loss to a $429M profit

Despite lifting copper and nickel production, First Quantum Minerals has turned a previous $210M profit to a $201M loss in the Sept 2017 9-months

Despite deadly wildfires cutting Q3 17 Gibraltar operations, Taseko Mines has emerged from the red to a $42M profit

Lower gold production, higher costs, Tanzania’s export ban and cutting $6.4B in debts have sent Barrick Gold into the red in Q3 17.

Goldcorp maintains FY/CY 17 2.5Moz gold production, despite lower Q3 17 production, increased costs and a profit down $24M.

With its new Rainy River project limbering up in the wings and an improved YTD-17 profit, New Gold has lifted FY/CY 17 expections to around 430,000oz at lower costs. By MBM’s North American correspondent

Big gold-copper miner Newcrest Mining sticks to FY 18 top end 2.7Moz gold prodn, despite Q1 18 gold fall, underpinned by a record recovering Cadia

A big jump in Sept 2017 9-months gold production and a copper fall has seen global miner Freeport-McMoRan turn the previous year’s loss into a $776M profit

PFS sees Nouveau Monde becoming a reliable long-term supplier of quality flake graphite from its $207M Quebec project

The latest 9-months sees Antofagasta lift FY/CY 18 copper expectations at lower costs


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