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Underground trucking issues at the Björkdal mine in Sweden and the delayed start of the Brunswick development at Costerfield in Australia has seen Mandalay Resources’ Dec 2018 year (FY/CY18) production plunge to 81,568oz AuEq from 2017’s 131,186oz AuEq.
However, the company is expecting gold equiv production rising to 131,000oz-162,000oz AuEq for 2021, from 91,000-107,000oz AuEq in FY/CY19 and 108,000oz-127,000oz AuEq in 2020.
Underground trucking issues at the Björkdal mine in Sweden and the delayed start of the Brunswick development at Costerfield in Australia has seen Mandalay Resources’ Dec 2018 year (FY/CY18) production plunge to 81,568oz AuEq from 2017’s 131,186oz AuEq.
Gold output fell to 67,329oz from 99,449oz, antimony to 2,173t from 3,115t antimony, with no silver reported compared to 2017’s 794,533oz. Björkdal gold...
African mineral sands producer Base Resources has reduced FY19 guidance at its 100%-owned Kwale operations in Kenya after the declining Central Dune orebody reduced Dec qtr (Q2) production to 108,465t (Q1: 118,265t) ilmenite, 24,505t (25,125t) rutile and 8,252t (9,683t) zircon.
It’s now predicting FY output of 385,000-415,000t (previously 420,000-450,000t) ilmenite, 88,000-94,000t (88,000-93,000t) rutile and 31,000-34,000t (32,000-37,...
A poor performance from Golden Star Resources’ Prestea operation has pushed Dec 2018 year (FY/CY18) gold production from the company’s 2 Ghana mines down to 224,861oz from 2017’s 267,565 ounces, 139oz under the low end of guidance.
While Wassa complex output rose to 149,697oz from 137,234oz, the dual mine 2018 transition to fully underground operations has seen Prestea complex production slump to 75,164oz from 130,331oz, now hopefully...
Global miner First Quantum Minerals has lifted Dec 2018 year (FY/CY18) copper conc production a guidance exceeding 6% on 2017 to 605,853t and sales 3% to 596,513t, with zinc also up to 26,807t from 20,723t and sales to 26,112t from 21,851t, but with gold output falling to 185,414oz from 199,736oz and sales to 193,072oz from 201,376oz.
The preliminary numbers include 80%-owned Kansanshi, Zambia, copper...
With studies under way into the potential of reopening the suspended Langer Heinrich uranium project in Namibia, Australian-based Paladin Energy posted Dec qtr (Q1) sales of 475,000lb U3O8, up from 267,423lb in the Sept qtr.
Average selling price was $US34.41/lb (Q4FY18: $24.60/lb), generating gross sales revenue of $14.9M.
Paladin says the Langer Heinrich restart PFS is expected in 2019. The Kayelekera mine in Malawi...
South32 is predicting more growth after improved longwall performance enabled to more than double Dec half (H1FY19) production from its 100%-owned Illawarra Metallurgical Coal operations in southern NSW, Australia.
Total production for the 6 months was 3.84Mt (H1FY18: 1.86Mt). S32 has lifted FY19 guidance by 7% to 6.5Mt.
South African Energy Coal production fell 8% to 12.93Mt (14Mt) but the return to service of the...
The fabled Reefton Goldfield on New Zealand’s South Island will come under new exploration intensity with the decision of Australian explorer Blina Minerals to join the search.
Blina has branched out from its exploration interests in Burkina Faso and Australia by taking a $A0.25M investment in Condamine Resources, an unlisted Australian public company that holds key brownfield tenements in the West Coast region that has...
Breaks - CENTERRA GOLD: FY18 GOLD/COPPER FALL
Gold production from Centerra Gold’s Kyrgyz Republic/Canada operations has fallen to 729,556oz in the Dec 2018 year (FY/CY18) from 2017’s 785,316oz, albeit exceeding guidance of 665,000oz-705,000oz.
The result was on a lower 534,563oz from the Kumtor Mine in the Kyrgyz Republic from 562,749oz and 194,993oz from the Mt Milligan Mine in N British Columbia down from 222,567oz. Mt Milligan’s copper production also fell to 47.1Mlbs from 53....
Battery minerals specialist Strategic Minerals is cashed up for organic growth after improving Dec qtr (Q4) ore sales at its Cobre magnetite tailings operations in New Mexico, USA to 10,931t, up from 10,304t in the Sept qtr. Sales improved to $US633,000 (Q3: $598,000).
MD John Peters says SML’s improved group cash balance of $1.84M ($1.77M) will support its primary focus on recommencing operations at its Leigh Creek copper mine in South...