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Slower than expected ramp-up at Golden Star Resources’ Prestea underground operation in Ghana has cut Dec 2018 year (FY/CY18) gold expectations 5% to 225,000oz-235,000oz, with cash operating costs up 17% to $US790oz-$830oz and AISC up 19% to $1,050oz-$1,100oz.
A stronger than expected performance at Wassa underground, also in Ghana, so far this year only partially offset the weaker than expected result from Prestea, being groomed for a...
The initial Father's Day Vein bonanza grade gold discovery at Canada-based RNC Minerals’ primarily nickel Beta Hunt mine in Western Australia, has more than doubled to 24,000oz worth $C38M from the 9,250oz for about $15M, with much more now expected.
The president/CEO of Canada-based RNC Mark Selby says the discovery cash-flow will fund the aggressive exploration of the largely untested, high-grade gold potential at...
The initial Father's Day Vein bonanza grade gold discovery at Canada-based RNC Minerals’ primarily nickel Beta Hunt mine in Western Australia, has more than doubled to 24,000oz worth $C38M from the 9,250oz for about $15M, with much more expected.
The president/CEO of Canada-based RNC Mark Selby says “the cash-flow from this massive increase in gold production from the Father's Day Vein will improve RNC's balance sheet to a substantial...
An operations review of Nyrstar’s global multi-metals smelter-mining operations has led the company to flag a much worse Dec 2018 half (H2 18) result than H1 18’s 133% after tax loss blow out to €49M on H1 17.
Nyrstar says a preliminary review of the draft unaudited management financial information indicates that, “on the basis of current market conditions, the company is likely to record an underlying EBITDA result for H2 18, materially below that achieved in H1 18.”...
Australian nickel leader Western Areas says the project delivery schedule for its planned major Odysseus project development at Cosmos in WA won’t be affected by a minor delay in its DFS due to the late supply of some key data.
WSA is working towards a 10 years-plus operation building to 12,500tpa at Odysseus, which it says will be one of the largest new high-grade nickel developments to time with increasing nickel demand beyond 2020.
It says the...
International miner South32 must re-submit to environmental consultation and licensing processes but will not have to pay damages over alleged impacts of its Cerro Matoso nickel mine, Colombia’s constitutional court has ruled.
Reuters reports the court allowed South32’s appeal against compensation orders in its March 2018 ruling that blamed mine waste emissions for ill health in eight nearby communities.
It’s still not...
Caledonia Mining has posted its seventh successive annual resources increase at the Blanket mine in Zimbabwe, lifting measured and indicated gold resources by 13% to 805,000oz based on development and diamond core drilling to end-July and improved geological modelling.
Blanket mine's resources have grown by 86% since 2011 despite mining over 300,000oz.
CEO Steve Curtis says the increase underscores Caledonia’s confidence in Blanket...
Chaarat is heading for full-scale construction by June 2019 on the Tulkubash oxide gold deposit at its 100%-owned Chaarat project in NW Kyrgyz Republic after Turkish mining contractor Çiftay Inşaat began initial site works including haul road and access road construction this month.
Construction of the heap leach project is expected to cost $US130M, on top of $50M spent on engineering and infrastructure at Chaarat’s...
South African producer RBPlat is confident its $US70M acquisition of an 83% stake in the Maseve PGM mine near Rustenburg will go ahead despite a legal challenge by private company Africa Wide Mineral Prospecting and Exploration.
Africa Wide, which held a 17.4% stake in Maseve, has taken action against RBPlat and vendor Platinum Group Metals PL seeking to have the sale invalidated or financial terms improved.
RBPlat...