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The full story: In-depth news and analysis

GOLD FIELDS SELLS OUT OF GOLD ROAD FOR $126.3M

Gold Fields has sold its 10% stake in J/V partner Gold Road Res for $1126.3M, but is hanging on to its 50% of the Gruyere Gold Project. By Mark Mentiplay

KOOLYANOBBING DELAYS CUT MINERAL RES FY19 PROFIT 39%

Delayed acquisition/ramp up of the Koolyanobbing Iron Ore Project and the ending of Wodgina lithium DSO sales slash Mineral Res FY19 profit 39%

NEW $20M+ MINERAL RES DEAL FOR CAZALY’S WA IRON ORE PROJ

Cazaly Res has accept a new superior $20M+ offer for its Parker Range Iron Ore Project from neighbouring producer Mineral Res. By Mark Mentiplay

MAIDEN KENMARE H1 19 DIV DESPITE PROFIT FALL

Maiden Kenmare dividend follows 17% H1 19 profit fall on HMC production down 8%, but with ilmenite, zircon and rutile all up

PROPHECY ASSETS RESHUFFLE FLAGS 2 SPIN-OFFS

Prophecy Devel is setting up to spin off its Bolivian silver and Mongolian assets as its US Vanadium operation closes on 1st production in 2022

$679M IVANHOE DEAL DONE TO BRING ON 3 AFRICAN PROJECTS

Ivanhoe has secured $679M in development cash from 2 major Chinese companies to secure development of the 1st of its 3 advanced southern Africa projects

CADIA RECORDS DELIVER STRONG YEAR FOR NEWCREST AHEAD OF RED CHRIS ACQUISITION

All operations move into positive cash-flow as higher production and lower costs deliver increased profits and improved balance sheet for Australian miner Newcrest Mining.

MALAYSIA GOES WITH THE SCIENCE FOR CONDITIONAL RENEWAL OF LYNAS OPERATING LICENCE

Lynas Corporation is confident the renewal of the operating licence for its advanced materials plant will end the politicisation of its rare earths processing operations in Malaysia.

BARRICK IVORY COAST/SENEGAL ASSETS SALE OPTIONS OPEN

Barrick Gold remains open to selling its Ivory Coast/Senegal gold operations, as sale process for its 50% of the Kalgoorlie Superpit begins

BARRICK GOLD’S MASSIVE EXPANSION LIFTS Q2 19 PROFIT UP TO $194M

Barrick Gold’s global expansion has resulted in a Q2 19 net profit up to $194M and well set for a bright future

HUDBAY Q2 19 LOSS BLOW OUT TO $54.1M

$40M+ of deferred tax/write downs, along with lower copper/silver production, have pushed Hudbay’s Q2 19 loss out to $54.1M

VALE SEES 2-3 YEARS TO RESTORE FULL PRODUCTION AFTER POST-DISASTER SHUTDOWNS

Six months after the Brumadinho dam rupture that killed at least 248 people, with another 22 still missing, Brazilian mining giant Vale has restored nearly a third of the 93Mt capacity lost due to safety-driven mine closures.

ORVANA PLUNGES TO Q2 19 LOSS WITH PRODN DOWN, COSTS UP

Orvana has slumped from profit to a Q2 19 loss with prodn down and costs well up, but holding to FY19 guidance

ARGONAUT LIFTS FY 19 COSTS AFTER H1 19 PROFIT PLUNGE

Argonaut lifts FY 19 costs in the wake of a 25% H1 19 profit fall, despite increased gold equivalent production from its 3 Mexican mines

AMERIGO Q2 19 LOSS BLOW OUT AS Cu PRODN MISSES EXPECTATIONS

A bad start to the phase-2 expansion of its Chile copper project has seen Amerigo Resources’ Q2 19 loss grow to $6.6M on lower than expected production

GLENCORE TO SHUTTER DRC COPPER-COBALT MINE AFTER ‘CHALLENGING’ FIRST HALF

Glencore has announced plans to suspend its Mutanda Mining copper-cobalt operation in DRC as part of a comprehensive program including management changes and operational reviews to tackle issues that led to a 92% fall in attributable net income for the June half-year.

IAMGOLD CUTS FY19 GUIDANCE FOLLOWING H1 19 $55.7M LOSS

IAMGOLD has had a bad H1 19 resulting in a $55.7M loss now followed by the cutting of its FY19 production expectations and higher costs

ANGLOGOLD PLEDGES TO MAINTAIN DISCIPLINE ON COSTS AND CASH-FLOW AMID RISING GOLD PRICES

International miner AngloGold Ashanti says its return to positive cash-flow driven by improving gold prices in the June quarter won’t change its focus on strict capital discipline.

AVESORO WOES CONTINUE WITH NEW LIBERTY CLOSED, 38% H1 19 PRODN FALL

The profit gauging fall-out from Avesoro’s switch to contract mining is raising questions on maintaining the recently cut FY/CY19 guidance after 38% production fall to 79,436oz

ANGLOGOLD ASHANTI SEES GREENER GRASSROOT OPPORTUNITIES IN AUSTRALIA

With two of Australia’s biggest gold producers in its portfolio and both still growing, South African-based international miner AngloGold Ashanti confirms its strong focus on grassroots exploration in the West Australian and northern Queensland goldfields. Ross Louthean assesses AngloGold executive Andrea Maxey’s presentation to the Diggers & Dealers in Kalgoorlie.
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NEW MINES HELP HECLA TO RECORD FY18 GOLD PRODN, SILVER DOWN 17%

 

The recent Klondex acquisition has helped Hecla to record FY18 gold production, countering strike-riven San Sebastian, albeit with silver down 17%

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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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START THE WEEK: COMMODITIES (August 16, 2019)

    START THE WEEK: CALENDAR (August 18, 2019)

      DATADIGGING: THE JUNE 2019 QUARTERLIES/HALF YEARLIES

        START THE WEEK: COMMODITIES (Aug 9, 2019)

          START THE WEEK: CALENDAR (Aug 11, 2019)

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