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ELDORADO GOLD $50.5M TURNAROUND TO $45.6M Q2 20 PROFIT

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

BLUEBIRD PLAN TO BUY RELUCTANT PARTNER SOUTHERN GOLD’S KOREAN MINES JV STAKE

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.

CENTERRA GOLD: BIG Q2 20 WITH PROFIT QUADRUPLED TO $81M

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

CAPSTONE MINING $26.2M TURNAROUND TO Q2 20 $4.3M PROFIT

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

NEWMONT Q2 20 PROFIT HALVED TO $412M

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

KINROSS Q2 20 PRODN/PROFIT UP, COSTS DOWN

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 DUCKS COVID-19 BULLET FOR Q2 20 $39M PROFIT

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

COVID19 BLOWS FIRST QUANTUM Q2 20 LOSS OUT TO $156M

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

FORTESCUE IMPROVES PRODUCTION AND COSTS PERFORMANCE AMID COVID CHALLENGES

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

ALAMOS Q2 20 TURNAROUND $11.7M PROFIT ON LOWER GOLD

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

CHAMPION IRON Q1 21 RECORD PROFIT ON LOWER PRODN

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

RIO TINTO EYES DEVELOPMENT OPTIONS AT WINU AND ITS PATERSON PROVINCE NEIGHBOURS

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.

RECORD JUNE QUARTER HIGHLIGHTS OUTSTANDING FIRST YEAR FOR WA’S GRUYERE GOLD MINE

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.

3 EVOLUTION FY20 CASH FLOW RECORDS, DESPITE LOWER GOLD

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-GOLD SLIDE, AS COVID-19 COSTS HIT $38M

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

AURELIA FY20 GOLD PLUNGE, BUT COPPER-LEAD-ZINC UP

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

BHP CREDITS CORONAVIRUS PANDEMIC MEASURES FOR FULL YEAR PRODUCTION RECORDS

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.

VALE HANDLES COVID-19 TO LIFT Q2 20 IRON ORE 13.4%, NICKEL 11.7%

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

SUPER PIT LIFTS SARACEN FY 20 GOLD PRODN TO 520,414oz

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

KUPANG MANGANESE SMELTER PROJECT HALTED UNDER COVID THREAT TO KEY FUNDING PACKAGE

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.
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Gt PANTHER: TUCANO BUY IMPAIRMENT BLOWS FY19 LOSS OUT TO $91M

 

Vancouver, Mar 31

A $US38.7M goodwill impairment on the Mar 2019 acquisition of the Tucano Gold Mine in Brazil has seen Great Panther’s Dec 2019 year (FY/CY19) net loss blow out to $US91M from the previous year’s $10M loss.
The result was on revenue up 234% to $198.6M, reflecting the Tucano acquisition, which accounted for $153.4M of revenue, and the average gold price received up 11% to $1,419oz and silver 6% better to $16.45oz. Gold equivalent output jumped 182% to 146,853oz AuEq on the Tucano addition and record production from the Topia mine in Mexico. Gold rocketed 488% to 118,493oz and silver 39% to 1.53Moz.
Adjusted EBITDA came in at $7.9M from a negative $5M, with cash flows from operating activities leaping 4,116% to $13.7M.
The company finished FY/CY19 with cash/short-term deposits down 27% to $36.9M.

Great Panther Silver Limited

Exchange Code: 
TSX: GPR, NYSE:GPL
Website: 
http://www.greatpanther.com

Vancouver-based Canadian primary silver company focused on Latin America

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