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Argonaut Gold has posted record Dec 2019 year (FY/CY19) gold equiv production of 186,615oz, up 13% on the previous year and an annual production growth of 53% over the last 3-years, but short of 200,000oz guidance set back in 2017.
The shortfall on production from the company’s El Castillo Complex and San Agustin mine, in Durango, Mexico, and La Colorada mine in Sonora, Mexico, was driven by a number of factors that contributed to the...
Russian steelmaker/miner Severstal has posted higher iron ore concentrate sales of 6.26Mt for the year to Dec 2019, up from 5.51Mt in FY2018, predominantly reflecting increased volumes at Karelsky Okatysh and the Yakovlevskiy mine. Iron ore pellets output was steady at 11Mt (10.9Mt).
Planned production growth at Vorkutaugol delivered coking coal concentrate sales volumes of 4.67Mt (FY2018: 3.37Mt).
Hot metal output...
West Australian miner Red 5 remains confident of meeting its FY20 targets despite production and mine scheduling delays that restricted Dec qtr (Q2) gold production at its Darlot and King of the Hills mining operations 900km NE of Perth to 23,346oz at AISC of $A1,628/oz (Q1: 28,649oz at $1,476/oz).
After failing to make it in the Dec qtr, Red 5 now expects to access several high-grade stopes at Darlot’s Oval West deposit early this...
Updated technical work on Taseko Mines’ Yellowhead Copper Project in Central British Columbia, Canada, has lifted recoverable copper reserves 22% to 817Mt grading 0.29% copper equiv and added $C500M to the 2014 FS taking the project’s pre-tax NPV8% to $1.3B.
The new numbers envisage a pre-production capex $1.3B project producing in excess of 4.4Blbs of copper, 440,000oz gold and 19Moz silver over an...
The end of resources at Avino Silver & Gold Mines’ wholly-owned San Gonzalo mine near Durango, Mexico, has cut Avino/SanGonzalo Dec 2019 year (FY/CY19) silver equiv production 16% on FY/CY18 to 2.39Moz, with gold sliding 15% to 6,912oz and silver down 25% to 958,811oz, but with copper 3% better to 4.97Mlbs.
The fall was primarily down to the San Gonzalo mine grade/production run down to reach the end of its current...
Delays in ramping up the Far West mine as its predecessor West 45 mine declined towards completion expected in the Sept 2020 qtr have reduced Dec qtr (Q2FY20) concentrate production at Australian miner Red River’s Thalanga project in central Qld to 3,781dmt (Q1: 6,199t) zinc, 876t (2,016t) lead and 1,560t (1,372t) copper.
Concentrate sales of 4,149t (6,191t) Zn, 945t (2,381t) Pb and 1,455t (1,425t) Cu were delivered under long-term offtake agreements to...
A good Dec 2019 year (FY/CY 19) from Mandalay Resources’ Björkdal, Sweden, gold operation has been offset by a bad one from its Costerfield gold-antimony operation in Victoria, Australia, cutting gold equivalent production to 76,659oz AuEq from 81,568oz, with gold down to 66,756oz from 67,329oz and antimony to 2,032t from 2,173t on the previous year. However, FY/CY20 is looking much better.
...A good Dec 2019 year (FY/CY 19) from Mandalay Resources’ Björkdal, Sweden, gold operation has been offset by a bad one from its Costerfield gold-antimony operation in Victoria, Australia, cutting gold equivalent production to 76,659oz AuEq from 81,568oz, with gold down to 66,756oz from 67,329oz and antimony to 2,032t from 2,173t on the previous year.
Björkdal’s saleable output jumped 12% to 51,498oz, but Costerfield was...
Mining giant Rio Tinto is backing expectations of improved stability in global GDP in 2020 to support predictions of a 3% increase in the volume of iron ore shipments from its Pilbara system in Western Australia.
After posting shipments of 327.4Mt in the year to December 2019 – 3% lower than the previous year due in part to weather and operational issues in the first half of the year – Rio has set its FY2020 guidance at 330-343Mt.
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