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Yancoal ponders more development and brownfield exploration options after posting a half-year profit turnaround on the strong performance of its former Rio Tinto mines.
West Australian mining services and processing company Mineral Resources secures higher profits and eyes full-cycle development opportunities.
Avesoro Res has flagged a better H2 18 on a range of mine improvements after a Q2 18 that saw cash flow/EBITDA plunge on lower gold prod/costs
Good progress with the first underground mine has Millennium Minerals looking at an early production start and the potential for more underground developments at its Nullagine gold project in Western Australia.
The completion of the Rye Patch Gold takeover and the addition of its Florida Canyon production has lifted Alio Gold’s Q2 18 prodn and profit to $3.28M
Australian-based project developer Consolidated Zinc says it will contest a claim by a low-profile private company for a 10% free-carried share in its Plomosas project in Mexico.
Lower production and higher/extra costs have slashed Argonaut Gold’s Q2 18 net income to $400,000, but with adjusted net profit falling to $7M from $7.9M
The $11.6M deal to sell Manadalay’s Chilean asset has come with a $23.7M impairment that’s taken the company’s Q2 18 loss out to $23.7M
A review of optimal operational and financial outcomes has prompted MOD Resources to lift the planned plant throughput by 20% at its feasibility-stage T3 copper project in Botswana.
With zinc-silver up, but lead down, Trevali Mining has seen its Q2 18 profit slide $5M+ to $23.5M
Glencore’s H1 18 metals/minerals business adjusted EBITDA up $1.33B, lifting overall profit 13% to $2.77B
Mutually agreed all-share Golden Reign bid for Marlin Mining to spawn restructured Mako Mining with current and near future gold-silver production
A steady production Copper Mountain Mining Q2 18, with revenues up, has failed to offset a $7.7M profit fall to $2.9M.
The Gibraltar mines’ recovery from the 2017 summer fires sees Taseko Mines back on track with big Q2 18 production, sales, grades and recovery increases
A 60% increase in ore reserves at its Mt Weld rare earths mine in Western Australia keeps special materials company Lynas Corporation on target to retain its position as a leading non-Chinese supplier to the specialty materials market. John Feary reports
New study envisages Echo Resources’ WA gold project generating $1.2B in its 1st 8.5-years, giving it a post-tax NPV 8% of $135M and 147% IRR. By Mark Mentiplay
Record Teranga Q2 18 gold prodn for a big profit jump lifts 2019 expectations to top-end 230,000oz with Wahgnion in the wings
Despite lower Q2 18 gold production and higher costs, Endeavour is clinging to 800,000pa+ in FY/CY19 at AISC below $800oz. By MBM’s North American correspondent
A couple of asset sales have rescued Centerra Gold’s Q2 18 bottom line to $43.5M, but with adjusted net earnings down to $1M from $13.5M on lower gold production from Kumtor
Strong results from its US regional operations have helped South African-based gold and platinum producer Sibanye achieve a turnaround to R77M profit for the June half-year.
(PRODUCTIVITY) Gold Fields is making another attempt to stem the cash burn at its South Deep mine in South Africa, announcing restructure plans that will see it cut workforce numbers by 28% while it seeks to transform it into a modern, mechanised operation.
(COMMENTARY) In wide-ranging criticism of the corporate performance of his company and across the mining industry, Barrick chief John Thornton sees Chinese partnerships as the most likely route for gold giant to build a global copper company.
(DEVELOPMENT) Increasing resources and growing confidence in its mining studies have encouraged Consolidated Resources to adapt a staged development strategy that will see the historic Plomosas zinc-lead-silver mine back in production by the end of this year.
(INDUSTRIAL MINERALS) Quick Graphmada graphite ramp-up has Bass Metals on track to become a material producer of industrial concentrates from its new Madagascar project.
(COAL MARKETS) Australian miner New Hope's confidence in the continuing demand of Asian power generators for thermal coal lies behind its planned $860M acquisition of Wesfarmers Resources' 40% stake in the Bengalla coal mine.
BHP is moving quickly to feed an increasing nickel need for electric cars as new technology moves to cut cobalt/manganese requirements
