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Mining Bulletin

The full story: In-depth news and analysis

COVID-19 SHUTDOWNS MOSTLY FAIL TO DETER SIERRA METALS

Sierra Metals has had a relatively good 9-months, despite its 3 Peru/Mexico operations being hit by fallout from the COVID-19 pandemic

HOCHSCHILD TAKES Q2 20 COVID-19 BEATING

All 3 of Hochschild’s S American gold-silver operations have taken a hammering from COVID-19 shutdowns

PEA FLAGS 12-YEARS 980,560oz AuEq FOR ROCKHAVEN’S KLAZA MINE

Rockhaven Resources’ $358M capex Klaza precious/base metals project in Yukon given a $540M post-tax NPV5% thumbs up in report flagging 980,560oz AuEq in 1st 12-years

SOUTHERN EMPIRE BID FOR MAS GOLD’S 512,000oz+ GOLD POTENTIAL

Southern Empire launches mutually agreed all-share bid for MAS Gold and its 2 prime currently 512,600oz gold potential in Canada

ALTO REJECTS 3rd BID IN 15-MONTHS, LAUNCHES $5.1M FUNDING PUSH

Alto Mets has launched a $5.1M raising for its 331,000oz WA gold project after rejecting latest takeover offer

Gt PANTHER RIDES OUT MEXICAN CLOSURES TO LIFT Q2 20 PRODN

The Tucano mine in Brazil has countered big falls in Mexican production to lifted Q2 20 gold equiv output 11%

PALADIN FLAGS $81M RESTART FOR ITS NAMIBIAN URANIUM MINE

Paladin’s Langer Heinrich Uranium Mine restart plan flags 17-year LoM peaking at 5.9Mlb pa for 7-years.

UPDATED PFS POINTS TO FASTER START FOR CALIDUS AT WARRAWOONA GOLD PROJECT

Australian explorer Calidus Resources is accelerating plans to commence construction in six months for the development of its Warrawoona gold project in the East Pilbara of WA after an updated prefeasibility study pointing to a lower capital and lower risk route to near-term gold production. John Feary reports

GENESIS MINS $33M DEALS TO ESTABLISH NEW WA GOLD PROJ

Genesis has executive a 2-pronged expansion move to underpin the establishment of a new gold mine in Western Australia

RED 5 TARGETS MID-TIER GOLD PRODUCER STATUS WITH 2-HUB STRATEGY FOR WEST AUSTRALIAN MINES

Red 5 is looking beyond short-term issues that have affected June quarter production with a transitional strategy that will see it establish two independent long-life production hubs in Western Australia.

EXPANSION STUDY POINTS TO LONG-LIFE, LOW-COST DEVELOPMENT AT CARRAPATEENA

Australia’s OZ Minerals has outlined an opportunity to transform its Carrapateena underground copper-gold mine into a world-class project in scale, production, life of mine and costs by adopting a two-stage block cave development to follow its current sub-level cave operation.

NUSANTARA EYES HIGHER INITIAL PRODUCTION AND LONGER LIFE ON AWAK MAS RESERVES GROWTH

Significant growth in reserves have enabled Nusantara Resources to forecast higher initial production and extended mine life as it continues development funding discussions for its 100%-owned Awak Mas gold project in South Sulawesi, Indonesia.

TMAC Q1 20 BREAK BACK, BUT WITH FULL COVID-19 YET TO HIT

Canadian gold miner TMAC Res has staged a $610m turnaround, cutting its Q1 20 loss to $18M

REX MINS’ $71M, 321,565oz GOLD STARTER AHEAD OF HOG RANCH

A new study has flagged a 420,000oz gold start up project to bring on its recently upgraded 1.4Moz Hog Ranch Project in Nevada

$166M AMARILLO GOLD PROJ FLAGS 811,000oz OVER 1st 10-YEARS

Amarillo Gold expects to begin construction of its $166M capex, 811,00oz Posse Gold Project in Brazil next year

PERSEUS EYES EXTENDED LIFE FOR CÔTE D’IVOIRE MINE THROUGH AGREED EXORE TAKEOVER

West African-focused miner Perseus Mining reaches agreement on a $60M merger that will combine its existing producing and near-production assets with the extensive exploration potential of Exore Resources.

NEW BARRICK OFFER TO GET PORGERA BACK INTO GOLD PRODN

Barrick Gold has thrown another 15% stake in the giant Porgera gold mine in PNG into the negotiation pot to get the mine back into operation

FMG REFUSED APPEAL RIGHTS TO ABORIGINAL IRON ORE LAND

FMG has lost a 3-year battle to appeal Aboriginal rights to over 2,700sq km of iron-rich land in Western Australia’s Pilbara region

UNDERGROUND CONTRACT AWARD A MILESTONE FOR MINCOR'S KAMBALDA NICKEL REVIVAL

The combination of extensive local experience and the resources of a new national owner has proved crucial in Mincor Resources’ decision to award the underground mining contract for its Kambalda nickel project to Emeco unit Pit N Portal.

PEA OK FOR WESDOME’S $165M CAPEX KIENA RESTART

Study green light for restart of Wesdome’s 86,000oz pa, 102% after tax IRR, Kiena underground gold project. By MBM’s North American correspondent
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ROBEX RES: YTD19 OPERATING INCOME WELL DOWN DESITE MORE GOLD

 

Quebec City, Nov 29

Record Sept 2019 qtr (Q3 19) gold production hasn’t been enough to stop Robex Resources’ segment operating income plunging to $C13.55M for the 9-months Sept 19 YTD (YTD19) from YTD18’s $23.98M.
The result was on YTD19 gold output from the Canadian company’s sole producing Nampala mine in Mali rising to 38,324oz from 34,281oz, with sales easing to 35,971oz from 36,202oz for revenues up to $64.78M from $59.76M. However, total cash costs sold were also up to $C665oz from $623oz and AISC to $988oz from $937oz.
Q3 19 gold output hit a best ever 15,175oz from Q2 19’s 12,089oz from Nampala, which achieved commercial production on Jan 1, 2017.

Robex Resources Inc

Exchange Code: 
TSXV:RBX, FSE:RB4
Website: 
http://www.robexgold.com

Quebec-based junior exploration and development company with permits in Mali

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