Take a free trial or Subscribe now

Advanced Search

Mining Bulletin

The full story: In-depth news and analysis

MINCOR TARGETS KAMBALDA NICKEL REVIVAL TO MEET GLOBAL ENERGY DEMAND GROWTH

Australian nickel specialist Mincor Resources is promising an exciting ride for Western Australia’s renowned Kambalda nickel province following board approval to end a five-year shutdown and redevelopment of its Kambalda Nickel Operations.

CALIDUS EARLY WORKS START ADVANCES WARRAWOONA GOLD PROJECT

West Australian developer Calidus Resources has named preferred contractors Macmahon (opencut mining and civil) and GR Engineering (process plant) as it begins construction work ahead of schedule on its Warrawoona gold project in the East Pilbara.

PARAMOUNT FS FLAGS OREGON’S 1st GOLD MINE

New study backs Oregon’s 1st gold mine, Paramount Gold’s $130M underground operation producing 362,000oz gold/425,000oz silver over an initial 8-year LoM

RED 5 TARGETS EARLY 2021 CONSTRUCTION START AFTER POSITIVE KING OF THE HILLS STUDY

Three years after the Philippines government’s anti-mining policies forced it to leave its Siana gold mine, completion of a strong feasibility study at King of the Hills sets Red 5 on track to become a significant mid-tier Australian gold producer. John Feary reports

$70M RAISING TO FUND MALI GOLD MINE ACQUISITION

Lithium aspirant Mali Lithium gets new major shareholder in Resolute Mining as part of a $70M raising to secure 80% of the Morila Gold Mine in Mali and is already talking strategeic partnership. By Mark Mentiplay

FUNDING AND EQUITY ISSUES KILL NEW CENTURY PLAN TO REVIVE VALE’S NEW CALEDONIA MINE

Australian miner New Century Resources rules out a binding offer to acquire and revive Vale’s struggling Goro nickel and cobalt operation in New Caledonia.

IRONBARK STUDY BACKS WORLD-LEADING FUTURE FOR GREENLAND’S ZINC-LEAD PROJECT

Mine planning optimisation study supports Ironbark Zinc’s case for its Citronen project on the remote northeast coast of Greenland to be a major zinc and lead development.

MALI LITHIUM TO PAY $27M FOR BARRICK-ANGLOGOLD 80% STAKE IN MORILA GOLD MINE

Little-known Australian explorer and developer Mali Lithium aims to find a new lease of life for the Malian gold project that was once known as Morila the Gorilla after agreeing to pay international giants Barrick Gold and AngloGold Shanti $US22M-plus for their combined 80% stake.

MORE FY 20 GOLD GUIDANCE CUTS FOR OCEANAGOLD

Gold miner Oceanagold has again cut FY 20 output expectations for its global operations in the wake of the COVID-19 pandemic

REGIS RECORD FY 20 PROFIT DESPITE GOLD FALL

A $435oz jump in the gold price has seen Regis Resources’ FY 20 profit jump 22% to $200M

STRONG GOLD ACTIVITY DRIVES CONTRACTOR MACMAHON TO RECORD FY20 PROFITS

Australian-based international mining services contractor Macmahon has ridden the increased gold and gold-copper activity to record earnings and cash-flow in the June 2020 financial year. John Feary reports

BIG PERSEUS FY 20 PROFIT JUMP TO $94.4M DESPITE GOLD FALL

Increased sales revenue and lower costs for Perseus $87M FY 20 profit jump to $94.4M, with Yaouré on the production horizon

WESTERN AREAS FY 20 PROFIT HIGHEST IN 7-YEARS

Nickel miner Western Areas more than doubles FY 20 profit in the face of lower production and higher costs. By Mark Mentiplay

NEW RECORDS AS FMG LIFTS FY 20 PROFIT 49% TO $4.7B

A string of FY 20 records, topped by a 49% profit jump to $4.7B on record shipments, has FMG expecting more of the same in FY 21. By Mark Mentiplay

ATLANTIC GOLD CUSHIONS ST BARBARA FY 20 PROFIT FALL TO $128M

Recently acquired Atlantic gold has lifted FY 20 gold production to offset lower output from St Barbara’s Australia/PNG operations and ease the FY 20 profit fall

COVID-19 KICKS HOCHSCHILD H1 20 DOWN $25.6M TO $9M LOSS, DOWN 154% ON H1 19

Covid-19 wreaks havoc on Hochschild’s H1 20 bottom line with all production way down for a $9M loss, down 154% on H1 19

RECORD NORTHERN STAR YEAR, UNDERLYING PROFIT UP 69% TO $291M

Triumphant FY20 results and more cash for shareholders as Northern Star exceeds most expectations on record profit, EBITDA and mine cash flow. By Mark Mentiplay

BHP ENDS CHALLENGING YEAR WITH SHARPENED FOCUS ON HIGH END OF MET COAL MARKET

After seeing FY20 revenue and profits slip under the challenges of the COVID-19 impacts on the world economy, BHP joins the flight from under-pressure thermal coal production but sees continuing strong demand for high-quality metallurgical coal.

NEWCREST FY 20 PROFIT JUMP UNDERSCORES YEAR OF INVESTMENT

Despite a 13% drop in gold production, partially offset by a rise in copper output, Newcrest has managed a 34% jump in underlying profit to $750M

RED LAKE RESOURCE UPGRADE PUSHES EVOLUTION TOWARDS 3-YEAR GROWTH FORECASTS

Aspiring Australian-based global mid-tier gold miner Evolution Mining is using its own underground mining experience and other operations to “recover” previously disregarded resources at its recently acquired Red Lake gold mine in Canada.
more

You are here

Home

COVID-19 KICKS HOCHSCHILD H1 20 DOWN $25.6M TO $9M LOSS, DOWN 154% ON H1 19

 

Covid-19 wreaks havoc on Hochschild’s H1 20 bottom line with all production way down for a $9M loss, down 154% on H1 19

Full text is available to Level 2 subscribers only

Subscribe to Mining Business Media

Full access to Mining Business Media's unique blend of global mining sector news and commentary is available by subscription only.

 

$A275.00 per year*

(*up to 10 users)

GST included in Australia

 

Direct debit/cheque/credit card:
Click here

 

 

Subscription inquiries, email subscribe@miningbusiness.net or call 61+413 772 044.

(Privacy Policy)

 

 


 

Hochschild Mining PLC

Exchange Code: 
LSE: HOCM.L
Website: 
http://www.hochschildmining.com

UK-based precious metals company focused on exploration, mining, processing and sale of silver and gold in the Americas

Mining Brokers

DATADIGGING: RIO TINTO KOODAIDERI PROJECT CONTRACTS

    START THE WEEK: COMMODITIES (Sept 18, 2020)

      START THE WEEK: CALENDAR (Sept 21, 2020)

        DATADIGGING: TRACKING THE GLOBAL RESOURCES SECTOR IMPACT OF COVID-19 (Sep 20, 2020)

          DATADIGGING: FMG IRON BRIDGE PROJECT CONTRACTS

            more