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Russian mining giant Norilsk Nickel has trumpeted its success in changing its logistics and procurement channels for minimising the negative impacts on its operations of western world sanctions following the military attack on Ukraine.
Nornickel says it began receiving equipment and spare parts from new suppliers in Russia and “friendly countries” in the Dec qtr despite what it describes as changes in the geopolitical situation.
It credits the...
Improved Dec qtr (Q2FY23) performance in which Australian international miner Evolution lifted its production to 166,404oz gold (Q1: 161,098oz) and 15,483t copper (14,469t) has kept it on track for its full year guidance. AISC also improved to $A1,099/oz ($1,513/oz).
The company notes it is still reliant on improved H2 performance to achieve its unchanged FY23 guidance of 720,000oz at $1,240/oz.
CEO-MD Lawrie...
A strong final quarter against a challenging backdrop has resulted in Australian miner 29Metals meeting or exceeding guidance for production, costs and capital across its commodity range for FY2022.
The company’s copper equivalent production rose to 73,400t (FY2021: 68,200t) at AISC of $US3.64/lb Cu ($3.16/t) comprising 40,800t copper (40,700t), 57,600t zinc (47,800t), 26,600oz gold (35,800oz) and 1....
Changes in the mine plan at its MATSA operations in Spain forced by poor ground conditions in the main production areas at the Magdalena mine has lowered Sandfire Resources’ Dec qtr (Q2FY23) copper production, with impacts for its FY23 guidance.
Q2 group production of 20,031t copper (Q1: 28,056t), 19,755t zinc (19,535t)., 1,921t lead (2,477t), 4,562oz gold (8,215oz) and 0.6Moz ...
The mining of higher-grade blocks on Base Resources’ South Dune at its Kwale mineral sands project in Kenya has lifted Dec qtr (Q2FY23) production of heavy mineral concentrate by 3%.
Production was 84,500t (Q1: 86,000t) ilmenite, 19,500t (18,900t) rutile, 7,400t (6,600t) zircon and 5,200t (5,700t) low-grade products.
With lower-grade North Dune mining commencing in the March qtr, concurrently with South Dune operations, Base...
Breaks - RED 5: KOTH ADVANCE LIFTS Q2 OUTPUT
The achievement of steady-state commercial production at its King of the Hills operations has lifted Dec qtr (Q2FY23) gold production by West Australian miner Red 5 to 36,260oz, up from 24,049oz in the previous period. Red 5 will report AISC for KOTH from the March qtr.
Forecast H2FY2023 production is 90,000-105,000oz at AISC of $A1,750-1,950/oz.
MD Mark Williams says mining has reached the main contact zone between the...
Australian producer Perseus Mining has continued the strong performance at its trio of West African mines with above-guidance Dec half-year (H1FY23) gold recovery of 268,371oz, up from 241,164oz a year earlier. AISC also improved to $US930/oz (H1FY22: $934/oz).
Gold sales of 261,921oz (238,136oz) at $1,724/oz ($1,663/oz) resulted in notional cashflow of $213M ($171.8M).
Production came from Yaouré in Côte d’Ivoire...
West African producer Endeavour Mining has achieved its 10th consecutive year of achieving or beating guidance, producing 1.4Moz gold at AISC of about $US928/oz for FY2022.
The result compares with 1.436Moz at $882/oz a year earlier and its guidance of 1.32-1.4Moz at $880-930/oz.
President-CEO Sebastien de Montessus says its strong production performance and optimisation initiatives kept its costs on guidance despite the industry-wide inflationary...
Greenland-focused explorer GreenRoc Mining has confirmed its Amitsoq graphite project as one of the world’s highest-grade deposits, posting a total inferred, indicated and measured JORC resource of 23.05Mt @ 20.41% TGC for 4.71Mt graphite.
The new figure is almost three times higher than its 2022 maiden estimate, and includes a third in the measured and indicated categories.
The deposit remains open along strike, predominantly to...
Company - GreenRoc Mining plc
London-based company holding several 100%-owned projects in critical, high-demand and high-value minerals in Greenland