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Ivanhoe has secured $679M in development cash from 2 major Chinese companies to secure development of the 1st of its 3 advanced southern Africa projects
All operations move into positive cash-flow as higher production and lower costs deliver increased profits and improved balance sheet for Australian miner Newcrest Mining.
Lynas Corporation is confident the renewal of the operating licence for its advanced materials plant will end the politicisation of its rare earths processing operations in Malaysia.
Barrick Gold remains open to selling its Ivory Coast/Senegal gold operations, as sale process for its 50% of the Kalgoorlie Superpit begins
Barrick Gold’s global expansion has resulted in a Q2 19 net profit up to $194M and well set for a bright future
$40M+ of deferred tax/write downs, along with lower copper/silver production, have pushed Hudbay’s Q2 19 loss out to $54.1M
Six months after the Brumadinho dam rupture that killed at least 248 people, with another 22 still missing, Brazilian mining giant Vale has restored nearly a third of the 93Mt capacity lost due to safety-driven mine closures.
Orvana has slumped from profit to a Q2 19 loss with prodn down and costs well up, but holding to FY19 guidance
Argonaut lifts FY 19 costs in the wake of a 25% H1 19 profit fall, despite increased gold equivalent production from its 3 Mexican mines
A bad start to the phase-2 expansion of its Chile copper project has seen Amerigo Resources’ Q2 19 loss grow to $6.6M on lower than expected production
Glencore has announced plans to suspend its Mutanda Mining copper-cobalt operation in DRC as part of a comprehensive program including management changes and operational reviews to tackle issues that led to a 92% fall in attributable net income for the June half-year.
IAMGOLD has had a bad H1 19 resulting in a $55.7M loss now followed by the cutting of its FY19 production expectations and higher costs
International miner AngloGold Ashanti says its return to positive cash-flow driven by improving gold prices in the June quarter won’t change its focus on strict capital discipline.
The profit gauging fall-out from Avesoro’s switch to contract mining is raising questions on maintaining the recently cut FY/CY19 guidance after 38% production fall to 79,436oz
With two of Australia’s biggest gold producers in its portfolio and both still growing, South African-based international miner AngloGold Ashanti confirms its strong focus on grassroots exploration in the West Australian and northern Queensland goldfields. Ross Louthean assesses AngloGold executive Andrea Maxey’s presentation to the Diggers & Dealers in Kalgoorlie.
The discovery of healthy drill intercepts near the old Mt Edwards nickel mine in Western Australia’s Kambalda region creates new links back to the great nickel boom. Ross Louthean, co-author of the authoritative account of the sector, Australia’s Nickel Adventure, reports from the Diggers & Dealers forum in Kalgoorlie.
Centaurus has completed an innovative $7M cash and copper-gold project swap option agreement to acquire Vale’s advanced Jaguar Nickel Project in Brazil. By Mark Mentiplay
Yuzheng Xie’s Gold Valley Group adds to its near-production Australian iron ore project portfolio after signing a three-year DSO iron ore mining agreement with GWR at Wiluna West in WA.
Equinox Gold has suffered a double setback with FY/CY19 output expectations cut and a Q2 19 loss doubled to $10.7M
Leagold is looking to its Los Filos expansion and Santa Luz restart to restore profit and lift full year gold production to a top-end 700,000oz pa after Q2 19 $70M loss
(DIGGERS & DEALERS) It’s a trend that has been emerging for some months and, based on his conversations with brokers, analysts and fund managers at Diggers & Dealers in Kalgoorlie, leading mining sector commentator Ross Louthean suspects that traditional IPOs of early stage exploration projects are heading for the dust bin.
(DIGGERS & DEALERS) The soaring gold price provided a dazzling background for OceanaGold as it outlined its global exploration activity to the Diggers & Dealers mining forum at Kalgoorlie in Australia. Ross Louthean reports
(DIGGERS & DEALERS) Gold price momentum has made it a memorable finish for Australia’s most significant and popular annual mining forum. Veteran mining commentator Ross Louthean reports from the final Diggers & Dealers function in Kalgoorlie.
(DIGGERS & DEALERS) It’s been said there has not been a new government in Australia over 20 years that did not come to power pledging to cut through red tape, yet somehow the bureaucratic burden keeps getting heavier. Leading resources commentator Ross Louthean reports on one of the most forthright speakers at the Diggers & Dealers mining forum, Westgold Resources MD Peter Cook.
(DIGGERS & DEALERS) Rio Tinto Exploration points to the use of the application of drones, hyperspectral imaging and new data input among the sophisticated techniques that will be needed to reverse the collapse in exploration in Australia and around the world. Ross Louthean reports from Diggers & Dealers in Kalgoorlie.
Ecuadorian troops/police move to protect Hancock Prospecting’s gold-copper concession from illegal miners
