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KINGSTON SEES BRIGHT NEW FUTURE FOR PNG’S REMOTE MISIMA ISLAND GOLD MINE

Kingston Resources plans to move on to a definitive feasibility study in the June 2021 quarter at its Misima gold project in PNG after its PFS confirmed its potential of a large-scale, long-life and low-cost operation delivering 130,000ozpa over 17 years at AISC of $A1,159/oz.

K92 MINING Q3 20 PROFIT HALVED TO $US 9.4M, ALL COMMODITIES DOWN

Lower production of all its commodities has seen PNG-focused K92 Mining’s Q3 20 profit plunge to $9.4M from $17M

ENDEAVOUR BID FOR TERANGA TO SECURE WEST AFRICAN GOLD DOMINANCE

Acquisitive Endeavour Mining has followed up its recent $691M takeover of SEMAFO with a friendly bid for Teranga Gold

NTM GOLD TAKEOVER PLAN TO DRIVE DACIAN REGIONAL CONSOLIDATION STRATEGY

West Australian gold miner Dacian Gold aims to extend the life of its Mt Morgans gold operations through the regional consolidation move to merge with explorer NTM Gold.

SEMAFO TAKEOVER FIRES ENDEAVOUR Q3 20 PROFIT JUMP

Gold production, profit up and heading higher as SEMAFO acquisition lifts Q3 20 profit to $59M from Q2 20’s $37M loss

SOJITZ ORDERS STUDY ON VIABILITY OF REOPENING HISTORIC GREGORY CRINUM COAL MINE

Hazardous re-entry to the long-sealed underground workings is the first step towards the reopening by owner Sojitz and contractor Mastermyne of the Gregory Crinum metallurgical coal project.

STRONG FEASIBILITY STUDY PROMPTS EARLY RAMELIUS START ON PENNY DEVELOPMENT

Australian miner Ramelius Resources credits compelling financial outcomes from its full feasibility study for its decision to bring forward the planned first production from its recently acquired Penny gold project to mid-2021. John Feary reports

RISING GOLD PRICE PUSHES BARRICK Q3 20 PROFIT UP $525M TO $882M

Despite no production from the big Porgera mine in PNG, Barrick has lifted Q3 20 net earnings to $882M from Q2 20’s $357M

LESOTHO DIAMOND MINE EXPANSION TO ADVANCE LUCAPA’S 200% GROWTH TARGET

International diamond miner Lucapa is progressing towards its target of lifting its global production by 200% by approving a 45% increase in mining and processing capacity at its Mothae mine in Lesotho. John Feary reports

NEW AUSTRALIAN IRON ORE DEVELOPER AIMS TO STRIKE WHILE IRON PRICES REMAIN HOT

Strike Resources aims for the fast-tracked development of its Paulsens East project in Western Australia’s Pilbara region to seize the benefit of high current iron ore prices.

IGO’s BIG START TO FY2021 UNDERPINNED BY $45.4M PROFIT

With the major indicators up, IGO has set a solid $45.5M profit platform for the rest of FY21. By Mark Mentiplay

CARABELLA’S 73Mt BLUFF COAL MINE BEING MOTHBALLED

With the coal price below economic levels and uncertainty over Chinese coal imports, the Chinese-owned Bluff Coal Project is moving to care & maintenance. By Mark Mentiplay

100-YEAR LIFE POTENTIAL OUTLINED FOR HORIZON MINERALS’ RICHMOND VANADIUM PROJECT

Joint venture partners Horizon Minerals and Richmond Vanadium Technology are turning their attention to the costs and timing of a definitive feasibility study for their Richmond-Julia Creek vanadium project in NW Queensland, Australia.

FREEPORT-MCMORAN RECOVERS TO $329M Q3 20 PROFIT

All commodities up for Q3 20, lifting Freeport McMoRan net income $276M to $329M

WA IRON ORE MINERS SHAPE UP FOR LEGAL BATTLE OVER WONMUNNA DEVELOPMENT

Two of the most powerful men in the Western Australian mining sector, Fortescue’s Andrew Forrest and Mineral Resources’ Chris Ellison, are on opposite sites of the looming legal fight over plans by Ellison’s company to develop its newly acquired Wonmunna iron ore development in the Pilbara region.

COVID-19 CONTINUES TO HURT ANTOFAGASTA WITH Q3 COPPER-GOLD OUTPUT DOWN

Chilean copper-gold miner Antofagasta is still feeling the fallout from COVID-19, with molybdenum holding out to lift Q3 20 production.

HOCHSCHILD EMERGES FROM COVID-19 WITH Q3 20 GOLD-SILVER PRODN DOUBLED

Gold-silver miner Hochschild is successfully battling COVID-19 restraints that have hit all 3 of its operation, with gold-silver output doubling

St BARBARA Q1 21 GOLD PRODN PLUNGES TO 73,000oz

A combination of negatives have hit St Barbara’s 3-mine Q1 21 operations, pushing production down to 72,990oz from Q4 20’s 108,612oz

UPGRADED PFS UNDERPINS $4.8B CASHFLOW FROM LIONTOWN’S WA LITHIUM-TANTALUM PROJ

Big upgrade for Liontown Resources’ Kathleen Valley lithium-tantalum project, flagged for 1st production in Q1 2025

WA LEADERS NORTHERN STAR AND SARACEN AGREE MERGER TO CREATE NEW GLOBAL TOP 10 MINER

‘Merger of equals’ between dominant West Australian miners Northern Star Resources and Saracen Mineral Holdings will create a global Top 10 gold producer with a portfolio of producing and prospective projects in Tier 1 Australian and North American jurisdictions and compelling synergies and growth opportunities.

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WA LEADERS NORTHERN STAR AND SARACEN AGREE MERGER TO CREATE NEW GLOBAL TOP 10 MINER

By MBM Correspondent

‘Merger of equals’ between dominant West Australian miners Northern Star Resources and Saracen Mineral Holdings will create a global Top 10 gold producer with a portfolio of producing and prospective projects in Tier 1 Australian and North American jurisdictions and compelling synergies and growth opportunities.

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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

Saracen Mineral Holdings Limited

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

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

Mining Brokers

DATADIGGING: SEPTEMBER 2020 QUARTERLIES

    DATADIGGING: RIO TINTO GUDAI-DARRI PROJECT CONTRACTS

      START THE WEEK: COMMODITIES (Nov 20, 2020)

        START THE WEEK: CALENDAR (Nov 23, 2020)

          DATADIGGING: TRACKING THE GLOBAL RESOURCES SECTOR IMPACT OF COVID-19 (Nov 22, 2020)

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