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IGO DEMANDS ANSWERS FROM TAKEOVER TARGET PANORAMIC OVER FAILING SAVANNAH MINE

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

BIG SIERRA METALS TURNAROUND FROM PROFIT-TO-YTD19 $103,000 LOSS

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

IMPAIRMENT-STUNG HUDBAY FROM PROFIT TO $342M YTD19 LOSS

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

MINING CHANGES LIFT RESOURCES/RESERVES AT OZ MINERALS’ CARRAPATEENA MINE

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.

REVISED DFS RAISES SAYONA’S AUTHIER LITHIUM GAME

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%

RENASCOR MULLS LOW-COST STAGED DEVELOPMENT OF SA GRAPHITE PROJECT

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 Q3 19 PRODN DOWN, REVENUE UP

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

DROUGHT RESTRICTIONS THREATEN OPERATIONS OF AERIS RESOURCES’ TRITTON COPPER MINE

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.

FOSTERVILLE TRIGGERS RECORD KIRKLAND YTD19 134% PROFIT JUMP

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

KINROSS $193M YTD19 PROFIT JUMP

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

IAMGOLD PLUNGES TO $58.7M YTD19 LOSS, PRODN FROM ALL MINES DOWN

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

MERGER ENHANCED BARRICK Q3 19 GOLD FALL ON $2.27B PROFIT

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

RNC YTD19 GOLD FALL GENERATES SMALL LOSS CUT

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

RAINEY RIVER LEADS NEW GOLD TO YTD19 LOSS CUTTING PRODN RISE

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

SOUTH32 TRANSACTION SETS SERITI ON COURSE TO BE SOUTH AFRICAN COAL ‘CHAMPION’

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.

NEWMONT GOLDCORP CUTS FY/CY19 GOLD EXPECTIONS TO 6.3Moz

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 CUTS Q3 19 LOSS, DESPITE LOWER PRODN, HIGHER COSTS

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

DIATREME WINS NEW CORNERSTONE INVESTOR IN $3.6M PLACEMENT FOR GALALAR SILICA PROJECT

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.

IGO TAKEOVER BID OFFERS A NOVA DIRECTION FOR PANORAMIC RESOURCES’ SAVANNAH NICKEL MINE

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.

UP TO $390M ZIJIN BUYOUT OF FREEPORT’S SERBIAN Cu-Au ASSETS

Chinese gold major Zijin continues its spending/acquisition spree with an up to $380M buyout of Freeport’s Serbian gold-copper assets
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DROUGHT RESTRICTIONS THREATEN OPERATIONS OF AERIS RESOURCES’ TRITTON COPPER MINE

By MBM Correspondent

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.

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Aeris Resources Limited

Exchange Code: 
ASX:AIS
Website: 
http://www.aerisresources.com.au

Brisbane-based mining and exploration company copper, currently Australia's fifth largest, independent copper producer by volume. Its flagship asset is Tritton in New South Wales.
Dec 2015: Name changed from Straits Resources 

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DATADIGGING: SEPT 2019 QUARTERLIES/YTD

    START THE WEEK: COMMODITIES (Nov 8, 2019)

      START THE WEEK: CALENDAR (Nov 10, 2019)

        START THE WEEK: COMMODITIES (Nov 1, 2019)

          START THE WEEK: CALENDAR (Nov 4, 2019)

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