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The full story: In-depth news and analysis

NEW HIGGINSVILLE OPERATION SEES RNC CUT FY19 LOSS TO $7M

Lower Beta Hunt gold production, off-set by a 1st up H2 19 16,635oz from recently acquired Higginsville cuts RNC FY19 loss to $6.9M

ENDEAVOUR $1B SEMAFO BID TO TAKE NEW ENTITY BEYOND 1Moz pa

Endeavour all-share bid for SEMAFO to create the biggest gold producer in Burkina Faso/Ivory Coast

KIRKLAND CUTS DETOUR PRODN, SUSPENDS EXPLN COMPANY-WIDE

Kirkland Lake has followed the shutdown of 2 Aussie gold projects with cuts at Detour Lake and the suspension of all exploration

NEWMONT FLAGS LOWER Q1 20 PRODN, 4 OPERATIONS ON C&M

New moves by gold major Newmont to offset the global COVID-19 pandemic prompts 4 temporary mine closures and an expected Q1 20 prodn fall

12% KENMARE FY19 PROFIT SLUMP TO $44.8M

Increased product prices received for a 3% revenue jump has failed to offset a 12% fall in Kenmare’s FY19 profit to $45M, with warnings of uncertain times ahead

ANGLO AMERICAN STILL ON TARGET DESPITE VIRUS-DERIVED SLOWDOWN AT QUELLAVECO

National quarantine to combat coronavirus forces demobilisation of most of the 10,000 workforce on Anglo American’s $5.3B Quellaveco copper project in southern Peru.

FROM A TO Z, BARDOC STUDY POINTS TO SIGNIFICANT NEW AUST MID-TIER MINER

Strong PFS results highlight Bardoc Gold’s opportunity to develop a substantial new mid-tier Australian gold project with outstanding economics and strong financial returns just north of the world-class Kalgoorlie mining hub.

RIO TINTO WEIGHS IMPACT OF COVID-19 RESTRICTIONS ON OYU TOLGOI UNDERGROUND MINE

Coronavirus restrictions on the movement of goods and people within Mongolia threaten to further delay completion of the vital underground expansion of the Rio Tinto-operated Oyu Tolgoi copper-gold mine.

NORDGOLD TAKEOVER BID FOR CARDINAL RESOURCES

Gold miner Norgold has acquired 19.9% of Aussie explorer Cardinal Resources and its advanced Ghana gold project, and flagged a cash bid for the rest. By Mark Mentiplay

KINGSROSE MINING $15M TURNAROUND TO $6.6M H1 20 PROFIT

Kingsrose Mining cranking up to extend and increase its Sumatra gold operations beyond mid-FY2020

KIRKLAND LAKE SHUTTING 2 AUSSIE GOLD PROJECTS

Kirkland Lake to shut down 2 of its “non-core” Australian gold operations. About 250 to lose their jobs

PIVOTAL FY19 SEES ENDEAVOUR PROFIT UP 39% ON INCREASED PRODN

New mine production lifts Endeavour Mining gold output 6% to 651,000oz and profit to 39% to $74M

AMPLATS FACES BIG LOSSES AFTER BLAST TRIGGERS SOUTH AFRICAN PLANT CLOSURE

Anglo American Platinum is facing the loss of nearly 1Moz platinum group metals and gold, with a likely $US1B decline in earnings, after fears of a catastrophic explosion forced the closure of a key process unit at its Waterval smelter in South Africa.

ANGLO AMERICAN PREPARED TO SPEND BIG TO COMPLETE GIANT UK POTASH PROJECT

New owner Anglo American says it has the financial resources and capabilities to achieve a successful development of the North Yorkshire polyhalite project that broke Sirius Minerals.

SEMAFO SURVIVES TOUGH FY19 TO SNATCH $50M PROFIT FROM LOSS

With both of its gold operations hit by serious FY19 shutdowns, one following a 39-death worker convoy ambush, SEMAFO has managed a $$50+ profit

AUSTRALIAN EXPORT FINANCE AGENCY SIGNALS BACKING FOR ADVANCED GRAPHITE PROJECTS

Australia’s credit agency confirms its interest in funding support for EcoGraf’s battery graphite purification plant development in WA and Renascor Resources’ flake and spherical graphite project in SA.

RAPIDLY EXPANDING EQUINOX CUTS FY19 LOSS TO $20.3M

With the completion of the Leagold merger/takeover this month, Equinox Gold is set to dramatically increase gold production from 2 to 6 mines and move well into the black from FY19’s reduced $20.3M loss

MEDUSA SET FOR SECOND HALF START ON DECLINE TO ACCESS CO-O MINE’S GREATER DEPTHS

After 10 years and nearly 1Moz of gold production at its Co-O mine in the Philippines, Medusa Mining is looking beyond its recent struggles with a start of work nearing for the $48M decline to target additional mineralisation it expects to find at greater depths.

AVINO SILVER/GOLD TRANSITION FROM PROFIT TO $31.4M FY/CY19 LOSS

A major mine closure and the sale of a major asset sees a new Avino Silver & Gold coming from a profit-to-loss base

HUDBAY CRASHES FROM $85.4M PROFIT TO $343.8M FY19 LOSS

With the bulk of its commodity output down, Hudbay Mins has fallen from profit to a $343.8M loss

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NORTHERN STAR TO LEAD ALL-AUSTRALIAN TEAM IN CHARGE OF THE KALGOORLIE SUPER PIT

By John Feary

Australian gold miner Northern Star Resources is set to make the leap to the 1Moz annual production level with its $800M deal to take management control of the Kalgoorlie Super Pit in WA, making up an all-local ownership team with Saracen Mineral Holdings. John Feary reports

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Northern Star Resources Ltd

Exchange Code: 
ASX: NST
Website: 
http://www.nsrltd.com

Perth-based gold producer with Tier 1 mines in Western Australia and Alaska, USA

Newmont Goldcorp Corporation

Exchange Code: 
NYSE:NEM, TSX:NGT
Website: 
http://www.newmontgoldcorp.com

Denver, CO-based company with gold and copper operation in USA, Australia, Canada, Ghana, Peru, Suriname, Mexico, Argentina and Dominican Republic.
April 2019: Name change from Newmont Mining Corporation following merger with Goldcorp

Saracen Mineral Holdings Limited

Exchange Code: 
ASX:SAR
Website: 
http://www.saracen.com.au

Perth-based ASX300-listed gold producer focused on Western Australia

Barrick Gold Corporation

Exchange Code: 
NYSE:GOLD, 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.
Jan 2019: Takeover of Randgold Resources completed. NYSE symbol change from ABX to GOLD.

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