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Record Dec qtr (Q4FY2018) production of 6,279oz PGM at its Hernic ferrochrome project in South Africa, up from 6,009oz in Q3, has boosted Jubilee Metals’ attributable operational earnings to £2.17M from £1.78M.
CEO Leon Coetzer says it’s a notable performance in the traditionally challenging festive season.
The DCM chrome operation delivered 8,958t chromite concentrate (Q3: 8,053t) despite slowed...
The impact of the Oct 2018 pit wall failure in the Smarts 3 pit, coupled with major maintenance to the primary and secondary crushers, has slashed Dec qtr (Q2FY19) gold production to 14,227oz at Troy Resources’ Karouni operation in Guyana.
The outcome compares with 18,991oz in the Sept qtr but meets the revised guidance range of 14,000-15,000oz announced following the ground slip.
Troy confirmed it met a $US3M repayment under its...
Aussie battler Moreton Resources expects to begin silver production next month at its Granite Belt project in SE Qld after finally coming up with a processing route it believes will overcome the project’s many challenges.
The change in strategy adopted under new MRV Metals CEO Kalman Salgo involved removing ore from the existing project’s heap leach 4 and re-stacked to overcome past acid mine drainage issues at the mine, which has been...
Wesdome Gold Mines has lifted Dec 2018 year (FY/CY18) gold production from its Eagle River Complex in Wawa, Ontario, Canada, to 71,625oz from 2017’s 58,980oz, with sales up to 70,480oz from 57,770oz, generating $C115.9M from $94.9M.
The result came despite ore milled down to 255,804t from 309,841t, with the company now expecting FY/CY19 production up to 72,000oz-80,000oz at lower operating costs of $830oz-$900oz ($US640oz-$690oz) and...
Avesoro Resources has lifted preliminary Dec 2018 year (FY/CY18) gold production 15% on 2017 to match guidance of 220,458oz from its New Liberty Gold Mine in Liberia and Youga Gold Mine in Burkina Faso.
New Liberty output jumped 44% to 109,707oz, but Youga fell 4% to 110,751oz, largely due to heavy rains. Total ore mined rose 14% to 2.32Mt and ore processed was up 13% to 2.34Mt.
Full report, including 2019...
Hillgrove Resources is evaluating alternative underground mining methods in a bid to offset the estimated loss of 2,000t of copper metal due to a pit rock fall last month at its Kanmantoo mine in the Adelaide Hills, South Australia.
Although the affected wall has been remediated and access restrictions lifted, Hillgrove says it's had to modify pit designs in a way that may cut about 10% of forecast future production prior to the pit’s...
Gold miner Shanta Gold is expected a Dec 2018 year (FY/CY18) net profit “significantly higher” than 2017’s $US4.2M after its New Luika mine in SW Tanzania lifted gold production to 81,872oz from 2017’s 79,585oz and above 80,000oz guidance.
The expectation is on EBITDA up 21% to $45.5M, with record New Luika milled tonnage to 639,679t from 638,088t also lifting silver production a little to 106,851oz from 106,238oz, with...
Higher grades have enabled Australian producer Aeris Resources to offset lower tonnages at its flagship Tritton copper operations near Nyngan in central NSW in the Dec qtr (Q2FY19), delivering above-plan production of 6,515t compared to 6,753t in Q1. C1 cash costs were $A2.96/lb (Q1: $2.77/lb).
Aeris has maintained FY19 guidance at 24,500t at $2.75-2.90/lb.
Higher seasonal evaporation rates have enabled Orocobre to increase production rates at its Olaroz brine lithium project in Argentina’s Jujuy province by 65% to 3,782t in the Dec qtr (Q2FY19), up from 2,293t in Q1 and the project’s second-best qtrly result.
Soft market conditions reduced realised prices to $US10,587/t FOB (Q1: 14,699/t), against cash costs of $3,974/t ($4,460/t) and reducing gross cash margins to $6,613/oz ($10,059/oz...
Atlantic Gold has exceeded expectations for the 1st full year’s production from its Moose River Consolidated Gold Mine in Nova Scotia, Canada, hitting 90,531oz for the Dec 2018 year (FY/CY18) and topping 82,000oz-90,000oz guidance.
And it has flagged 2019 production up to 92,000oz-98,000oz at cash costs of $C560oz-$610oz ($US420oz-458oz) and AISC $695oz-$755oz ($US521oz-566oz.) following the successful ramp up of phase-1 operations....