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Mining Bulletin

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OSISKO PEA FLAGS Q2 22 START TO 1.76Moz WINDFALL GOLD PROJ

New study sees 1.76Moz gold over 8-year LoM from Osisko Mining’s Windfall project, generating $2.96M revenue and $1.12B cash flow starting Q2 22.

PFS FLAGS 2.8Moz AND $1B CASH FLOW FROM EQUINOX’ CASTLE MOUNTAIN

New study envisages end-2019 start for Equinox Gold’s $489M Castle Mountain Gold Project producing 2.8Moz over a 16-year LoM generating $1B+ cash flow, By MBM’s North American correspondent

MUSTANG OUT OF MOZAMBIQUE RUBY OPERATION FOR $10M

Australian gem miner Mustang Resources has joined Canadian gems explorer/developer’s $15M cash/shares deal for a big chunk of the Montepuez gem region in Mozambique. By Mark Mentiplay

GOOD Q2 18 SEES ANGLO ASIAN SLASH NET DEBT

A Q2 18 with all commodities production in Azerbaijan up, has enabled Anglo Asian to cut net debt by $7M to $2.9M

PANORAMIC TO BRING SAVANNAH NICKEL PROJECT BACK TO LIFE AFTER 3 YEARS

Panoramic Resources has given the go-ahead for the restart of operations at its mothballed Savannah nickel-copper-cobalt project after lining up a $A40M facility that ensures the project is fully funded.

NEW DFS FLAGS 2020 PRODN FROM KASBAH’S MOROCCAN TIN PROJ

After 10-years in the making, a new study envisages a 2020 start for Kasbah’s Achmmach Tin Project in Morocco, generating $815M turnover and EBITDA $444M

HECLA CASHED UP ON INCREASED Q2 18 GOLD/SILVER

Better than expected grades have lifted Hecla Mining’s Q2 18 silver/gold production, with lead/zinc easing, but giving it $245M in the bank

IMPERIAL METS STRIKE SUSPENDS MT POLLEY MINING, SLASHES Q2 18 PRODN

2-months Mt Polley strike and a ball mill failure at Red Chris have clobbered Imperial Metals Q2 18 with copper gold production both well down

BARRICK CUTS FY18 COPPER EXPECTATIONS

Looking likely to lose its global No-1 gold spot, Barrick Gold has flagged a FY18 fall in copper production following problems at its Lumwana mine in Zambia

ATLAS CASH POSITION DETERIORATES AS IRON ORE OUTPUT FALLS, COSTS RISE AND PRICES SLIDE

Australian iron ore junior reiterates its advice to shareholders to accept Hancock Prospecting's 3.9cps cash offer as higher costs and lower prices send its cash balance on a 45% decline.

COSTERFIELD PUSHES MANDALAY Q2 18 AuEq PRODN DOWN

New developments at Mandalay’s 2 mines are expected to see total AuEq prodn recovery over the next 2 qtrs from Q1 18’s decline

RESOLUTE PROJECT UPDATE OUTLINES A LONGER, CHEAPER LIFE AT RAVENSWOOD MINE

Resolute Mining has released a revised expansion plan that it says will confirm a long-life, low-cost and low-risk future for its Ravenswood gold mine in NE Queensland, Australia.

PEA FLAGS 713,000oz GOLD OPERATION FOR LIBERTY’S US PROJ

New study sees Liberty Gold’s $195M, low cost US Goldstrike project producing an initial 713,000oz over 7.5-years

DORAY PROMISES MORE AFTER NEW DISCOVERIES LIFT GOLD RESOURCES AT DEFLECTOR PROJECT

Doray celebrates the success of near-mine exploration at its flagship Deflector mine in Western Australia that has lifted post-depletion resources by 34%.

KIRKLAND LAKE Q2 18 RECORDS SET IT FOR FY18 RECORD 620,000oz+

Q2 18 Macassa/Fosterville gold production records set Kirkland Lakes for the big one – a record FY18 620,000oz+

PROPHECY STREAMER SPIN-OFF TO FUND ITS ADVANCED US VANADIUM PROJ

Prophecy Devel is looking to spin-off a yet to be established vanadium streamer to fund its $116.8M initial capex Gibellini Vanadium Project which has PEA potential for 9.65Mlbs V2O5 over a 13.5-years LoM

NEW STUDY FLAGS 1ST GOLD FROM OREZONE’S BOMBORE PROJ Q4 2020

Orezone Gold is expected to pour 1st gold from its $217M+ Burkina Faso project by Q4 2020, then 1.02Moz over a 13-year LoM

$96M EXPANSION TO LIFT SIERRA’S BOLIVAR OUTPUT 67%

PEA backs $96M expansion to lift Bolivar output 67%, giving the project a $214M NPV8%, net cash flow of $330M and a 550% RoI

BIG RESOURCE UPGRADE BACKS ATALAYA’S SPANISH EXPANSION

A near 30% reserves jump takes Atalaya Mining’s Proyecto Riotinto copper-silver project capex out to $179M and cash flow to $1.2B over 14-years.

NOVA NICKEL MINE HITS TARGETS DESPITE PLANT ISSUES IMPACTING JUNE QUARTER OUTPUT

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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PENINSULA ENERGY: Q2 18 URANIUM PRODN DOWN

 

Perth, Jul 11

Uranium production from W Australian-based Peninsula Energy’s Lance Projects in Wyoming, US, has fallen 13% to 38,001lbs U3O8 in the June 2018 qtr (Q2 18) from Q1 18.
The decline was due to the May decision to suspend the majority of alkaline-based production activity within the 1st mining unit (MU1), with a drying run conducted for a total 43,553lbs U3O8 dried and drummed.
The company is maintaining its Q3 18 production of 22,500-27,500lbs U3O8 as it advances the planned transition to low pH operations at Lance that has the potential to align its operating performance/cost profile with the industry leading global uranium production projects. Full Q2 18 numbers expected shortly.

Peninsula Energy Limited

Exchange Code: 
ASX:PEN
Website: 
http://www.pel.net.au

Perth-based company focused on uranium with in-situ recovery operations in Wyoming, USA and development stage projects in South Africa

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