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Aspiring Australian-based global mid-tier gold miner Evolution Mining is using its own underground mining experience and other operations to “recover” previously disregarded resources at its recently acquired Red Lake gold mine in Canada.
Northern Star’s Australian operations resources up 3.2Moz to 22.3Moz, reserves up 12% to 6Moz
The recently expansive Equinox has been hit with $86.4M worth of fair value changes resulting in a Q2 20 $58.7M loss from a $10.9M profit
Australian sentiment on Chinese foreign investment to be tested by Chinese private company Tangshan’s application for approval to take $130M stake in high-grade West Australian zircon and ilmenite project.
The impact of Covid-19, Porgera’s move to C&M and other major maintenance operations have pushed Barrick Gold’s Q2 20 profit down $43M to $357M
The surge in gold prices has helped global miner AngloGold Ashanti finish a turbulent June half-year by increasing adjusted EBITDA by 59% year-on-year to $US1.16B and free cash-flow by 671% to $177M from a $31M outflow in the corresponding period.
Endeavour Mining $63M turnaround to a $37M Q2 20 loss as it assimilates its recent acquisition of SEMAFO. Watch this space
Eldorado Gold has emerged from its COVID-19 precautions with a June 2020 qtr $45.6M profit from the previous qtr’s $5M loss
Mine resuscitation specialist Bluebird Merchant Ventures presses for an opportunity to take out JV partner Southern Gold’s stake in Gubong and Kochang gold mines in South Korea.
Increased Q2 20 gold production from all 3 operations has lifted net profit to $80.7M from the previous qtr’s $20M.
Capstone Mining has shuffled off some minor COVID-19 limitations to jump to a Q2 20 $4.3M profit from the previous qtr’s $22M loss
The ramifications of the global COVID-19 pandemic has cut gold major Newmont’s Q2 20 net income in half on increased costs and lower production
A COVID-19 unscathed Kinross Gold has lifted its Q2 20 profit to $195.7M on the back of its 3 biggest and lowest costs mines
Lundin Mining is forging ahead, with minimal problems from COVID-19 and turning a Q1 20 $111.5 loss into a Q2 20 $38.7M profit
FYCY 20 copper-gold-nickel expectations have been cut again following lower Q2 20 production and an increased loss in the wake of the COVID19 pandemic
Australian iron ore major Fortescue says strong Chinese demand and the success of its integrated production and marketing strategy will sustain its Pilbara operations after its record performance in FY20. John Feary reports
Despite a horror Q2 20 with COVID-19 hit gold production down, costs up and FY/CY20 guidance cut, Alamos Gold has managed a $24M turnaround to $11.7M profit. By MBM’s North American correspondent
Canada-focused Aussie Champion Iron has avoided the sharp edged of the COVID-19 pandemic to post record quadrupled Q1 21 net income up to $75.6M
Global miner Rio Tinto’s posting of a maiden Winu resource and its new discovery nearby justify the growing excitement over the potential of the Paterson province in the Pilbara region of Western Australia.
Partners Gold Fields and Gold Road celebrate an ‘outstanding achievement’ in the first year of production as their Gruyere gold mine in Western Australia’s North-Eastern Goldfields achieves record June quarter production.
(SAFETY) A global independent body will be established to monitor the world-wide adoption by mining companies of a new standard designed to prevent any future repetitions of the tragic tailings dam collapses at the Samarco and Brumadinho operations in Brazil.
(CORONAVIRUS) The severe disruptions of COVID-19 have delivered a brutal hit to consumer markets for gold, but the combination of historic liquidity injections and record low interest rates have reinforced the safe haven of gold investment for the foreseeable future.
(CORONAVIRUS) The current round of mining quarterly, half-yearly or full-yearly reports are providing more evidence that the companies achieving the strongest performance under the global COVID-19 pandemic are those that have responded most quickly with measures to safeguard and support workers and host communities.
(COMMENTARY) Bjorn Lomborg agrees mankind must solve climate change, a solution that must inevitably include massive investment, but from there his views diverge violently from those of global warming activists. He argues drastic cures such as abandoning fossil fuels will be worse than the disease, increasing poverty without effective outcome.
(HERITAGE) A parliamentary inquiry into the destruction by Rio Tinto of Aboriginal sacred sites containing 46,000-year-old artefacts for an iron ore mine expansion has been urged to explore the lack of action by the Australian government to prevent or delay the blasting.
(CORONAVIRUS) Production reports outline the still-growing impact of the coronavirus on mining companies across the globe.
