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The full story: In-depth news and analysis

Rio Tinto’s copper giant Kennecott signs $30M earn-in deal to follow up the Alderan Resources vision of a major copper opportunity by combining old-time copper mines in the Frisco Mineral System of Utah, USA.

Australian miner Independence Group is demanding immediate access for due diligence work after its takeover target Panoramic Resources disclosed the woeful performance of its Savannah nickel mine and its deteriorating financial position. John Feary reports

Sierra Metals eyes more capital expenditure cuts for the rest of FY/CY19 after falling from profit to a YTD19 $103,000 loss

Lower production, higher costs and a to be appealed $242M impairment, push Hudbay from profit to $343M YTD19 loss

First concentrate production has been delayed by vendor supply errors, but OZ Minerals says its evaluation of possible changes to the underground mining techniques have enabled significant increases in resources and reserves at its Carrapateena copper-gold project.

New study lifts Sayona Mining’s Canadian lithium project production taking NPV8% up to $216M from $184.8M and pre-tax IRR up to 33.9% from 33.7%

DFS outlines low-cost development strategy to offset falling graphite prices, maintaining strong forecast profit margins for Renascor Resources’ Siviour project on South Australia’s Eyre Peninsula.

Gold Fields now eyeing the top end of FY/CY19’s 2.13Moz-2.18Moz guidance, despite Q3 19 gold production fall

Major Australian copper producer Aeris Resources has been left with just three months of water supply for its Tritton mine in central NSW due to new drought management clampdowns.

A big Q3 19 production jump from Kirkland Lake’s Fosterville gold operation in Australia has topped a record YTD19 with profit up 134% to $390M

Higher prodn, lower costs steer Kinross to $197M YTD19 profit and heading for FY/CY19 2.5Moz AuEq

Prodn falls at all of its mines have pushed IAMGOLD from profit to a $58.7M YTD19 loss

The recently merged Barrick Gold has posted a massively increased $2.27B Q3 19 profit, despite gold output falling to 1.3Moz

Despite a fall in YTD19 gold production, RNC has managed a small loss cut to $19.8M

Higher Rainy River production and lower costs have been the drivers for New Gold to cut its YTD19 loss by $269M to $74M

Australian-based international miner South32 says its conditional agreement to sell its South African Energy Coal business to black majority-owned Seriti will substantially strengthen its balance sheet and improve operating margins.

An expected big Newmont Goldcorp profit jump on equally large merger-induced YTD19 gold production has failed to avoid a cut in FY/CY19 expectations to 6.3Moz from 6.5Moz

Leagold is expecting better things in Q4 19, mainly from its Los Filos Gold Mine in Mexico, after cutting its Q3 19 loss by $67M on lower production, higher costs

Prominent Australian resource investor Quentin Flannery backs placement to advance Diatreme Resources’ high-quality silica sands project on the Cape York Peninsula through permitting and approval processes.

Independence Group, Australia’s largest independent producer of nickel, seeks to apply its development and operational experience to unlock value at Panoramic Resources’ struggling Savannah mine. John Feary reports.

Chinese gold major Zijin continues its spending/acquisition spree with an up to $380M buyout of Freeport’s Serbian gold-copper assets

FS envisages Q2 2020 prodn start for Fenix Resources’ Iron Ridge project generating revenue of $803M over 6.5-years from 1.25Mtpa iron ore. By Mark Mentiplay

The ramping Lamaque Gold Mine has led the way in cutting Eldorado Gold’s YTD19 loss to $10.6M from the previous period’s $143.7M loss

After posting an impressive loss-to-$45.4M YTD19 profit turnaround from a big gold prodn increase, TMAC has cut FY/CY19 production. By MBM’s North American correspondent.

Lower H2 19 gold production and higher costs have forced Pretium Resources to cut FY/CY19 expectations

While its Sierra Rutile zircon project continues to lag, mineral sands producer Iluka Resources is weighing the opportunity to de-merge a rapidly growing iron ore royalty agreement.

Pure Alumina’s failure to raise the capital to acquire a similar Canadian operation has forced the company has put its Australian high purity alumina proj on hold. By Mark Mentiplay

Things are looking good for Anglo Gold Ashanti with Q3 19 gold production up 3% and increased Q4 19 production expected from its Tanzania, Guinea, Australia and Brazilian operations

New study envisages H2 22 start for Cardinal Resources’ Namdini Gold Project in Ghana, producing 4.2Moz over an initial 15-year LoM

Yamana Gold Q3 19 net earnings rocket to $201M from $14.1M, on lower gold production, higher costs, with expansion flagging more

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