Search
A Spanish transport strike and continuing Covid-19 impacts have pushed gold/copper miner Orvana Minerals from a profit to Q1 22 $5.84M loss on gold equivalent output falling to 10,600oz from 15,920oz.
The award of the bulk earthworks contract to leading Brazilian mining and civil contractor Copa Construção is an important step in the construction of Horizonte Minerals' 100%-owned Araguaia ferronickel project in Para state.
The contract covers site preparation for key process plant and supporting infrastructure, drainage, main ramp and crusher platform ready for civil construction to begin on the $...
International miner Gem Diamonds has signalled it’s still prepared to proceed with the sale of its Ghaghoo diamond mine in Botswana despite the withdrawal of Vast Mines from its previously agreed transaction.
Vast and Botswana Diamonds reached agreement in August 2021 through special purpose vehicle Okwa Diamonds to acquire the mothballed mine from Gem for $US4M but Vast informed the...
Battery metal projects developer Australian Mines is facing civil penalties proceedings brought by the Australian Securities and Investments Commission over alleged breaches of the Corporations Act.
The corporate watchdog is seeking fines against the company and its MD Benjamin Bell and Bell’s disqualification from managing a corporation.
ASIC cites statements by Bell to international mining investment conferences in 2018 relating to project funding and...
Turquoise Hill Resources has lifted Mar 31, 2022, qtr (Q1 22) income to $US394.3M from Q1 21’s $332.1M, reflecting higher tax benefits, but with revenue from its Oyu Tolgoi mine in Mongolia falling to $402.7M from $526.5M due to the planned transition of mining to the next phase of operations.
Total operating cash costs rose to $228.9M from $201.2M, with net cash from operations jumping to $122.4M from a negative $133.2M.
The company posted broad...
Project delays, higher costs and lower productivity on top of contract disputes have Australian-based engineering group DRA Global facing a significant fall in revenue and earnings for FY2022, including a loss for the first half of the year.
Drivers in the result include a pre-tax $A10-15M impairment against goodwill in its Asia-Pacific business related to loss-making contracts and updated business outlook and a $2.7M arbitration award against the...
Kinross Gold, the Canadian miner with operations spanning the Americas, Russia and West Africa, has lifted Mar 2022 qtr (Q1 22) net earnings to $US82.3M from Q1 21’s $76.2M
Adjusted net earnings from continuing operations, however, fell to $70.6M from $102.4M and net cash flow from operating activities to $105.2M from $145.1M, with adjusted operating cash flow also down to $261M from $298.9M, albeit with free cash better at a negative $1.1M from a...
A pilot study expected to begin this year will hold the key to the potential for Venus Mining’s 90%-owned Youanmi vanadium oxide resource in the Mid West region of Western Australia to become a significant supplier to the emerging world market for renewable battery energy.
The pilot study to be conducted at a Murdoch University industrial facility at Kwinana, south of Perth, follows three years of comprehensive hydrometallurgical...
Lower gold/silver production has seen McEwen Mining post a $US19.3M net loss for the Mar 2022 qtr (Q1 22), primarily due to $14.4M invested in exploration/advanced projects and a gross loss of $6M from its operations.
The bottom line was on a gold equiv (AuEq) output fall to 25,100oz from Q1 21’s 30,600oz, with gold down to 20,850oz from 23,300oz and silver to 336,500oz from 493,200oz.
The Gold Bar Mine, Nevada, US, produced 6,...
A temporary operations stoppage in the Mar 2022 qtr (Q2 22) from a nation-wide transport strike in Spain and ongoing COVID-19 impacts, have seen Orvana Minerals plunge to a net loss of $US5.84M from a $405M profit in Q1 22 on gold equiv production from its Orovalle gold-copper operation in N Spain fall to 10,595oz AuEq from the 15,921oz. Gold output fell to 8,341oz from 11,731oz and copper to 797,000lbs from 1.45M/lbs.
EBITDA went the...