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NEW GOLD CUTS LOSSES DESPITE Q1 18 PRODN FALL

A good 1st full qtr of gold-silver production from Rainy River opens road to profit as lower total output manages to cut New Gold’s Q1 18 loss

COEUR MINING TAKES A BIG HIT IN Q1 18

With gold/silver both down cutting Q1 18 revenue 24%, hammers Coeur Mining’s bottom line to net income of just $700,000 from Q4 17’s $14.M

CHALLENGING TIMES AT CADIA AND TELFER FORCE NEWCREST MINING TO CUT FY18 GUIDANCE

Australian gold giant Newcrest Mining has significantly lowered its production guidance for the June financial year following the shutdown of the Cadia mine in NSW and a weather-driven slump at the Telfer mine in WA.

IMPERIAL METS’ Q1 18 RED CHRIS PRODN DOWN, MT POLLEY UP

A drop in production from Red Chris, with lower grades flagged, offset by a better Mt Polley, sees Imperial Mets’ output copper down, but gold up

PALADIN ENERGY STUDIES OPTIONS AS CARE & MAINTENANCE LOOMS FOR LANGER HEINRICH MINE

Paladin Energy has begun preparatory steps for the possible transition of its Langer Heinrich uranium mine in Namibia to care and maintenance due to stubbornly low uranium prices and the prices of processing reagents.

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

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MORE STRIFE FOR ACACIA, BARRICK AS TANZANIA REPEATS CLAIMS OF TAX AND ROYALTY EVASION

By MBM Correspondent

A Tanzanian government committee has repeated allegations against Acacia Mining of evading tax and royalty obligations by understating the value of mineral concentrate exports by tens of billions of dollars.

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Acacia Mining plc (African Barrick Gold)

Exchange Code: 
AIM:ABG, DSE: ABG
Website: 
http://www.acaciamining.com

UK-based company focused on gold mines in NW Tanzania with exploration projects in Tanzania, Kenya and Burkina Faso. Barrick Gold holds 63.9% shareholding and management control
Nov 2014: Name changed from African Barrick

Barrick Gold Corporation

Exchange Code: 
NYSE:ABX, TSX:ABX
Website: 
http://www.barrick.com

Based in Toronto, the company is the world's largest gold producer, with largest reserves in gold industry, and projects spanning five continents.

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