Mining Bulletin

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Mining Bulletins

The full story: In-depth news and analysis

The impact of Covid-19, Porgera’s move to C&M and other major maintenance operations have pushed Barrick Gold’s Q2 20 profit down $43M to $357M

The surge in gold prices has helped global miner AngloGold Ashanti finish a turbulent June half-year by increasing adjusted EBITDA by 59% year-on-year to $US1.16B and free cash-flow by 671% to $177M from a $31M outflow in the corresponding period.

Endeavour Mining $63M turnaround to a $37M Q2 20 loss as it assimilates its recent acquisition of SEMAFO. Watch this space

Eldorado Gold has emerged from its COVID-19 precautions with a June 2020 qtr $45.6M profit from the previous qtr’s $5M loss

Mine resuscitation specialist Bluebird Merchant Ventures presses for an opportunity to take out JV partner Southern Gold’s stake in Gubong and Kochang gold mines in South Korea.

Increased Q2 20 gold production from all 3 operations has lifted net profit to $80.7M from the previous qtr’s $20M.

Capstone Mining has shuffled off some minor COVID-19 limitations to jump to a Q2 20 $4.3M profit from the previous qtr’s $22M loss

The ramifications of the global COVID-19 pandemic has cut gold major Newmont’s Q2 20 net income in half on increased costs and lower production

A COVID-19 unscathed Kinross Gold has lifted its Q2 20 profit to $195.7M on the back of its 3 biggest and lowest costs mines

Lundin Mining is forging ahead, with minimal problems from COVID-19 and turning a Q1 20 $111.5 loss into a Q2 20 $38.7M profit

FYCY 20 copper-gold-nickel expectations have been cut again following lower Q2 20 production and an increased loss in the wake of the COVID19 pandemic

Australian iron ore major Fortescue says strong Chinese demand and the success of its integrated production and marketing strategy will sustain its Pilbara operations after its record performance in FY20. John Feary reports

Despite a horror Q2 20 with COVID-19 hit gold production down, costs up and FY/CY20 guidance cut, Alamos Gold has managed a $24M turnaround to $11.7M profit. By MBM’s North American correspondent

Canada-focused Aussie Champion Iron has avoided the sharp edged of the COVID-19 pandemic to post record quadrupled Q1 21 net income up to $75.6M

Global miner Rio Tinto’s posting of a maiden Winu resource and its new discovery nearby justify the growing excitement over the potential of the Paterson province in the Pilbara region of Western Australia.

Partners Gold Fields and Gold Road celebrate an ‘outstanding achievement’ in the first year of production as their Gruyere gold mine in Western Australia’s North-Eastern Goldfields achieves record June quarter production.

Record cash flows as gold-silver-copper miner Evolution Mining sees FY 20 gold-silver down, copper up and higher costs.

Antofagasta Q2 20 copper production down 8.4%, gold down 29.3%, costs up 2.7%

Aussie Aurelia’s big FY20 gold fall has been partially offset by base metal rises, but with AISC well up

Global miner BHP says it has learned ‘new ways of working’ that have delivered record full year performance across several commodities in the midst of the COVID-19 pandemic.

Despite COVID-19, Vale has managed to lifted Q2 20 iron ore/nickel/cobalt production, with copper, manganese, coal and gold sliding

Saracen has flagged an up to $200M FY 20 net profit from $1.07B revenue on the Super Pit’s 1st 132,595oz contribution. By Mark Mentiplay

The $US67.5M development of a smelting hub in Indonesia by Gulf Manganese has been halted just two months from its targeted first production due to coronavirus-induced delays to the closing of its vital structured loan facility.

Rio Tinto begins the transition back to normal rostering at its West Australian iron ore operations as COVID-19 fightback successes help bring first half export shipments back on track for FY2020 guidance.

OceanaGold PEA backs Waihi, NZ, expansion to produce another 2.2Moz gold over 15-years starting next year

Sierra Metals has had a relatively good 9-months, despite its 3 Peru/Mexico operations being hit by fallout from the COVID-19 pandemic

All 3 of Hochschild’s S American gold-silver operations have taken a hammering from COVID-19 shutdowns

Rockhaven Resources’ $358M capex Klaza precious/base metals project in Yukon given a $540M post-tax NPV5% thumbs up in report flagging 980,560oz AuEq in 1st 12-years

Southern Empire launches mutually agreed all-share bid for MAS Gold and its 2 prime currently 512,600oz gold potential in Canada

Alto Mets has launched a $5.1M raising for its 331,000oz WA gold project after rejecting latest takeover offer


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