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SILVER HEAVYWEIGHT PAN AMERICAN $1.07B BID FOR TAHOE RES

Big gun Pan American Silver has launched a mutually agreed $1.07b bid for suspended Escobel mine owner Tahoe Resources

ROXGOLD ON TRACK TO TOP FY/CY18 120,000oz-130,000oz GUIDANCE

A sizable jump in YTD18 gold production from its Burkina Faso operation, fuelled by better mine and processing performances, has Roxgold set on exceeding FY/CY18 expectations

BONANZA GOLD DISCOVERY FAILS TO OFFSET RNC YTD18 LOSS DOUBLING

RNC’s Aussie bonanza grade gold discovery has cleaned up its balance sheet, eliminating $30M debt, but doubling production hasn’t stopping its YTD18 loss also doubling

AVESORO CUTS YTD18 LOSS BY $14.5M ON 247% GOLD PRODN JUMP

A $160.7M jump in gold sales to $225M+ and lower costs have been the main drivers in cutting Avesoro’s YTD18’s loss to $9.16M

$150M NORTHERN STAR BID FOR REMAINING 49% OF WA GOLD PROJ

Northern Star has launched a $150M cash bid for full ownership of the E Kundana J/V in Western Australia. By Mark Mentiplay

POLYMETAL OK FOR BIG, LOW COST RUSSIAN GOLD MINE PRODN Q4 21

Polymetal study envisages Q4 21 start for production from Russia’s 4th largest, 155,000oz pa gold over an initial 15-years Nezhda deposit

WORK CRANKS UP TO REPAIR LATEST WA IRON ORE RAIL FAILURE

Mineral Resources expects repairs from Western Australia’s latest iron ore derailment to be completed this week, but no date set for re-opening. By Mark Mentiplay

FUNDING OPTIONS UNDER SCRUTINY AS PILBARA MINS TRIGGERS PILGANGOORA EXPANSION

Pilbara Minerals plans to keep up the pace with early approval of the second stage expansion of its Pilgangoora lithium project in Western Australia. John Feary reports

ENDEAVOUR POWERING INTO 2019 WITH PRODN UP AND A PROFIT

Endeavour Mining is nicely set for a better 2019 with YTD18 gold production up, costs down, a loss to $31M profit turnaround and an even better Q4 18 flagged. By MBM's North American correspondent

SEMAFO Q3 18 PROFIT AS NEW MINE ENTERS THE FRAY

SEMAFO’S new Burkina Faso mine has added its 1st commercial production to lift Q3 18 gold production for a turnaround from a loss to a $500,000 profit

STRIKE HELPS PUSH RANDGOLD YTD18 PROFIT DOWN $50M

The recently ended 2-months Tongon gold strike has helped take-over/merger target Randgold Res to a $50M profit slump on lower gold prodn, higher costs

RECORD PRODN FAILS TO AVERT HALVING AMERIGO’S Q3 18 PROFIT

Completion of Amerigo’s MVC Chile copper proj expansion generates record copper prodn, but with lower copper prices cutting net profit in half.

RECORD ALAMOS YTD18 GOLD PRODN FAILS TO OFFSET LOSS

The inclusion of newcomer Island Gold sees record Alamos Gold YTD18 gold prodn up 23% to 379,400oz, but with a bottom line loss

PLATINUM PROGRESS HELPS SIBANYE BATTLE IMPACTS OF SOUTH AFRICAN GOLD TRAGEDIES

Continuing organisational trauma from the tragic series of mining fatalities in the first half of the year has led Sibanye to reduce forecast full year 2018 gold production for its Southern African gold operations.

KINGSROSE EXPECTS BETTER Q2 19, AFTER Q1 19 GOLD FALL, COSTS DOUBLE

Kingsrose’s Way Linggo turn-around, expansion-to-profitability strategy has suffered another setback with Q1 19 gold-silver production down and costs through the roof. By Mark Mentiplay

HUDBAY YTD18 PROFIT DOUBLES TO NEAR $90M

It’s been a good 1st 9-months 2018 for Canadian multi-mineral miner Hudbay with overall production up to double net profit to $89M

FY18 CENTERRA GOLD GUIDANCE UP, DESPITE COSTS HIT Q3 18 PROFIT

Impairments/one-off $60M charge hammer Centerra Q3 18 profit, despite Q3 18 gold jump that lifts FY/CY18 expectations

ILUKA FACES MORE PRODUCTION SETBACKS AFTER ILLEGAL SIERRA RUTILE WORKERS STRIKE

FY2018 production guidance at Iluka’s Sierra Rutile business has been lowered by a cumulative 20% due to equipment issues and unlawful strike action at the Sierra Leone operation.

$101M NPV HAS TERRAMIN LOOKING FOR $60M BIRD-IN-HAND FUNDING

Scoping study flags $66M, 47,000oz Au/22,000oz Ag pa initial 5-year LoM Bird-in-Hand deposit close to Terramin’s producing Angas Zinc Mine in South Australia

LOWER PRODN, HIGHER COSTS, IMPAIRMENTS SLASH NEWMONT YTD18 PROFIT

Following a YTD18 profit plunge to $283M from $473M, gold major Newmont Mining has cut FY/CY18 gold expectations
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NOVA NICKEL MINE HITS TARGETS DESPITE PLANT ISSUES IMPACTING JUNE QUARTER OUTPUT

By John Feary

Independence Gold says its Nova nickel-copper mine in Western Australia is now 'fully ramped-up' despite technical issues that cost it around 10% of production in the June quarter. John Feary reports

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Independence Group NL

Exchange Code: 
ASX:IGO
Website: 
http://www.igo.com.au

Perth-based miner with nickel, copper-zinc-silver and gold operations in Western Australia

AngloGold Ashanti Limited

Exchange Code: 
NYSE:AU; JSE:ANG; ASX:AGG; LSE:AGD
Website: 
http://www.anglogoldashanti.com

Johannesburg-based global gold major with operations in South Africa, Ghana, Guinea, Mali, DR Congo and Tanzania in Continental Africa, Argentina, Brazil and Colombia in South America and Australia.

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