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The full story: In-depth news and analysis

TOUGH TIMES AT SOUTH DEEP FORCE GOLD FIELDS TO SLASH FULL YEAR PRODUCTION FORECAST

Gold Fields is looking for urgent answers to the South Deep labour, equipment and ground condition issues that forced it to cut its full year 2018 production forecast after just three months.

FREEPORT-MCMORAN Q1 18 PROFIT PLUNGE TO $692M

A fall in Q1 18 copper production, offset by more gold, has seen Freeport-McMoRan’s profit slump from $1B to $692M

ANGLO AMERICAN FLAGS BRAZILIAN IRON ORE PROJ OUT FOR THE REST OF 2018

The Minas-Rio iron ore mine double pipeline failure sees it out of the Anglo American game for the rest of 2018, not expected to add to Q1 18’s 3Mt

WESTERN AREAS FY18 PRODN EASES ON LOWER Q3 18

Lower Q3 18 nickel production/sales has seen Western Areas lower its FY18 expectations slightly to 21,000t, but with Odysseus in the wings

RECORD DEFLECTOR MINE PERFORMANCE DELIVERS TURNAROUND FOR DORAY MINERALS

Highest production to date from its flagship Deflector mine has placed West Australian miner Doray Minerals in its strongest financial position in recent years. John Feary reports

EUROPEAN-FOCUSSED APOLLO SPINNING OFF FRASER RANGE ASSETS

Following a recent successful raising for its European tungsten-gold aspirations, Apollo Minerals is spinning off its Fraser Range assets in W Australian via a $7M IPO

STUDY GREEN LIGHTS ATALAYA’S 2ND COPPER MINE IN SPAIN

The PFS numbers look good for Atalaya Mining’s 2nd Spanish copper project, a low cost, $260M operation generating nearly $500M free cash over an initial 12-years.

WESTERN RES PUSHES THE BUTTON ON MILESTONE POTASH PROJ

Western Resources’ decade-long development of its 3-phase Milestone Potash Project in Canada has reached the construction stage

AFTER MARCH QUARTER SLUMP, RED 5 LOOKS TO STRONGER PERFORMANCE AT DARLOT MINE

Red 5 sees its terrible March quarter as a transitional period as it looks to the benefits of its significant investment in mine development and exploration laying the foundations for strong gold production. John Feary reports

SILVER LAKE STARTS ALDISS PREDEVELOPMENT WORK TO BOOST ITS MOUNT MONGER PROJECT

Silver Lake Resources begins predevelopment work on the Aldiss mining centre as the fourth hub at its Mount Monger project in Western Australia.

SOUTH32 LOWERS ILLAWARRA COAL FORECAST OVER SLOW RECOVERY

Australian-based South32 confident it's established the foundation for a return to historical production levels at its Appin colliery in southern NSW. John Feary reports

WEATHER CUTS KINGSROSE Q3 18 GOLD REVIVAL

Heavy rain has temporarily halted Kingsrose Mining’s revival, cutting Q3 18 gold-silver production, but expected to lift on the Sept 18 return of 1 mine and expansion of another. By Mark Mentiplay

BHP LOWERS WEST AUSTRALIAN IRON ORE FORECAST OVER PILBARA EQUIPMENT FAILURES

Troubles with dumper cars have put a dampener on what would have been a record year for BHP's West Australian iron ore operations.

ALL RIO TINTO’S Q1 18 COMMODITY PRODN DOWN

Rio Tinto’s Q1 18 iron ore shipments down 11%, prodn down 5% and coal down 53% as the company exits the Australian coal sector.

TAKEOVER TARGET ATLAS Q3 18 IRON ORE PRODN FALL

A string of adverse market conditions has added to battling iron ore producer and takeover target Atlas Iron’s woes with production down and costs up

SHANTA $12M+ LOSS-TO-FY17 PROFIT TURNAROUND DESPITE GOLD FALL

Shanta Gold has reaped a FY17 profit turnaround from its move underground in Tanzania, despite lower production and higher costs

UPDATED FS LIFTS NZURI’S DRC COPPER-COBALT PROJ

2 new studies have given substantial financial and production boosts to Nzuri Copper’s 8Mt, initial capex $53M+ copper-cobalt project in DRC

HAVILAH RESOURCES DRAGGED TO HALF-YEAR LOSS BY PORTIA PRODUCTION PLUNGE

Portia gold mine's production plunge pushes South Australian miner Havilah Resources to a first half loss and a pressing need for more cash.

ALL TREVALI MINING COMMODITIES DOWN IN Q1 18

Only 1 of Trevali Mining’s 4 global operations has improved on the previous qtr, with all commodity production down in Q1 18

35% CENTRAL ASIA FY17 PROFIT JUMP ON TAKEOVER, INCREASED PRODN

The late 2017 $402M acquisition of the Sasa zinc-lead mine is already paying off for Central Asia Metals, adding to record copper production from an existing operation.
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HECLA $462M CASH OR SHARES BID FOR KLONDEX

By MBM's North American Correspondent

Hecla Mining has launched a mutually agreed, $462M cash/shares bid for Klondex Mines and its burgeoning Nevada, US, operations. By MBM’s North American correspondent

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Hecla Mining Company

Exchange Code: 
NYSE:HL
Website: 
http://www.hecla-mining.com

Based in Coeur d'Alene, Idaho, with a sister office in Vancouver, the company is a silver and precious metals mining company producing and marketing silver, gold, lead and zinc

Klondex Mines Ltd

Exchange Code: 
TSX: KDX; NYSE MKT: KLDX
Website: 
http://www.klondexmines.com

Vancouver-based company focused on exploration and development of Fire Creek gold property in north central Nevada, US

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