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Mining Bulletin

The full story: In-depth news and analysis

NEWMONT ACQUISITIONS TAKE FY19 PROFIT TO $2.87B

World gold major Newmont’s recent global acquisitive machinations have taken the company to a $2.87B profit with more expected as the various projects settle in

RECORD FY19 FOR KIRKLAND LAKE GOLD, MORE TO COME

The follow-up to Kirkland Lake Gold’s record FY19 year is expected to include records as the effects of the recent Detour Gold acquisition bite

IAMGOLD IMPAIRMENT-FUELLED FY19 LOSS BLOWOUT TO $412.6M

A 120,000oz gold fall and a $395M impairment charge have powered IAMGOLD’s FY19 loss blowout to $412.6M

ANGLO AMERICAN FY19 PROFIT STEADY, MOST COMMODITIES DOWN

Anglo American’s FY19 profit has tied with the previous year at $3.54B in a year that saw the majority of commodity production down

ALAMOS GOLD LOSS-TO-$96M FY19 PROFIT, BUT PRODN DECLINE TO CONTINUE

In the wake of a $96M profit for FY19, Alamos Gold has confirmed a production decline to continue through FY20

$2.8B IMPAIRMENTS SEE GLENCORE PLUNGE TO FY19 $404M LOSS

$2.8B of impairments has seen global major Glencore collapse from a FY/CY18 $3.4B profit to a $404M FY/CY19 loss

BIG FY19 AMPLATS PROFIT JUMP FAREWELLS CEO GRIFITH

Anglo American Platinum has emerged from power load shedding and a strike to more than double FY19 PGM production and lift its annual div from R11.25 to R52.6ps

SHEFFIELD RESOURCES SLOWS THUNDERBIRD DEVELOPMENT AFTER FUNDING STRATEGY FAILS

The proposed development of one of the world’s largest and highest-grade zircon and ilmenite-rich mineral sands ore reserves has been scaled back after the failure of Sheffield Resources to line up project funding through a strategic partner process.

BIG AGNICO TURNAROUND TO $473M FY19 PROFIT ON INCREASED PRODN

Agnico Eagle has followed up a very profitable FY19 on increased gold production by cutting FY/CY20 output expectations

INCREASED PRODN PUSHES FIRST QUANTUM TO FY19 $57M LOSS

It’s cost some money, but First Quantum is now on track to lift FY20 copper production well past 800,000t and gold past 280,000oz

PRETIUM FY19 PROFIT UP, DESPITE GOLD FALL

Pretium is expecting FY20 gold production to follow FY19’s downward trend, which managing a small increase in profit to $41M

EXPANDED BARRICK LOSS-TO-FY19 $3.97B PROFIT

Barrick Gold has gone from a big FY18 loss to an even bigger FY19 profit, while cutting debt in half and lifting Q4 19 dividend 40%

CAPSTONE FLAGS 2021 IMPROVEMENTS AFTER FY19 PRODN FALL

Capstone is predicting a 20% copper prodn jump and 10% lower costs by 2021 after lower FY19 output cuts net loss TO $16.2M

NEW CENTERRA MINE AIMING TO BOOST FY20 PRODN TO TOP-END 820,000oz

Centerra is expecting higher gold/copper prodn in FY20 after lifting FY19 output to 783,308oz and copper to 71.1Mlbs

HALF-YEAR PROFIT LEAP POINTS TO EVEN BRIGHTER FUTURE FOR NEW KCGM BOSS NORTHERN STAR

Northern Star basks in strong increases in revenue, earnings and cashflow in the December half-year, with even more to come from its acquisition of the 50% management interest in the Kalgoorlie Super Pit and the rapid improvement of its Pogo project in Alaska, USA.

WAFI-GOLPU COPPER-GOLD MINE PERMITTING PROCESS BACK ON TRACK AFTER COURT DISPUTE ENDS

PNG mines minister clears the way for JV partners Newcrest Mining and Harmony Gold to reopen negotiations with the national government on a special mining licence for the giant Wafi-Golpu gold and copper project.

DON MARIO MINE SHUTDOWN HITS Q1 20 PRODN/BOTTOM LINE

Orvana Mins has followed its FY19 losses with more in Q1 20 that came with the shut-down of its Don Mario mine in Bolivia

INCREASED FY19 PRODUCTION FAILS TO AVERT HECLA LOSS BLOWOUT

Despite increased production of all its commodities, Hecla Mining has seen its FY19 loss blow out to $100M+

BARRICK EYEING FREEPORT’S GRASBERG MINE, NOT THE COMPANY

Barrick Gold likes the big Grasberg mine in Indonesia, not all of owner Freeport McMoRan, CEO Bristow

PEABODY HAMMERED IN FY19, POSTING A $755M+ TURNAROUND TO A $211M LOSS

Coal sales down 21Mt+, impairments and write-offs have seen Peabody fall to a FY19 $211M net loss from FY18’s $544.4M profit
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STONEWALL RESOURCES: STUDY BACKS RIETFONTEIN GOLD POTENTIAL

 

Johannesburg, Feb 28

Stonewall is closer to committing to a PFS for its fully permitted Rietfontein high-grade hard-rock project in South Africa's historic Sabie-Pilgrim's Rest goldfield after a scoping study concluded it would be a financially robust project with operating costs in the lowest quartile.
Rietfontein, with a JORC indicated and inferred resource of 905,000oz (2.55Mt @ 11g/t) is the first of three areas of potential mine development. MD Rob Thomson says Stonewall is focused on bringing Rietfontein into production in 2018 to underpin its strategy to produce over 100,000oz pa in the medium term.

Theta Gold Mines Limited (Stonewall Resources)

Exchange Code: 
ASX:TGM, OTCQB:TGMF
Website: 
http://www.thetagoldmines.com

Adelaide-based gold explorer, developer and producer focused on projects in South Africa and Australia.
Previously Meridien Resources Limited (ASX: MRJ).
Oct 2018: Name change from Stonewall Resources Limited
Nov 2019: Listed for trading on US OTCQB market

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