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McEwen Mining’s Q1 20 loss has blown out to $99.2M, hit by an $84M impairment and 3 COVID-19 mine shutdowns
Element 25 has confirmed the potential for its Butcherbird project to be Australia’s next significant manganese mine with a PFS identifying the opportunity for a low-cost, long-life development that will deliver first concentrate much earlier than previously anticipated. John Feary reports.
A range of issues across its Americas base/precious metals operations has seen Hudbay Minerals Q1 20 loss blow out to $76M
SEMAFO has overcome the COVID-19 virus bite to double Q1 20 profit on increased gold production from its Burkina Faso operations
SSR Mining $1.72B bid for Alacer gold to create $4B market cap, 780,000oz AuEq pa producer
All 3 of Great Panther Mining’s operations have posted Q1 20 output losses, taking its net loss out to $40.5M
Equinox Gold has found an additional 740,000oz underground gold resource at its Aurizona open pit capable of generating an extra $1B revenue over a 10-year LoM
Hecla Mining’s Q1 20 loss blowout to $17.2M on lower production of all its commodities sees FY/CY20 gold/silver expectations cut
Q1 20 gold-copper production falls have prompted Barrick Gold to cut its FY/CY20 gold expectations by 200,000oz
TerraCom is taking “decisive action” to reduce operations and unit costs at its Blair Athol thermal coal mine in Queensland, Australia to cope with the market volatility resulting from the global COVID-19 pandemic.
IAMGOLD has cut its Q1 20 loss back to $34.4M from $303.8M, despite reduced gold production and resultant revenues
After a previous deal failed the Australian foreign investment hurdle, AVZ Minerals has attracted a new $10.6M equity investment from prospective Chinese lithium chemical producer Yibin Tianyi for its flagship Manono lithium-tin project.
Despite easing gold production, increased copper output has seen Centerra Gold post a $30M turnaround to Q1 20 $20M profit
Mulatos and Island Gold shine, despite Alamos’ Q1 20 production slide and turnaround from profit to $12.3M loss
Diversified global miner Lundin Mining has cut FY2020 guidance after big Q1 20 swing from profit to $111.5M loss
Taseko Mines’ Q1 20 loss increased by $40M to $49M with moly output nearly halved, but copper less badly affected
Despite lower COVID-19 affected copper-gold output, First Quantum has cut its Q1 20 net loss by $53M to $62M
2 of St Barbara’s 3 mines have posted production losses in Q3 20, with costs up, the exception being Simberi in PNG with higher output and lower costs
Technical problems at Perseus Mining’s Ghana gold mine have pushed Perseus’ Q3 20 output down and ASIC up
Australian coal miner Stanmore has been hit by a sudden rush of deferrals of scheduled coal deliveries due to the impacts of the global COVID-19 pandemic, forcing it to slash its earnings forecast for the June financial year.
(COMMENTARY) ‘It all begins with mining’ ... US survey adds to growing evidence that the economic impacts of the global coronavirus pandemic are swaying public opinion to support the importance of mining.
(CORONAVIRUS) More mines are reopening due to easing COVID-19 restrictions while more project developers are reporting difficulties in sourcing finance due to the impacts of the global pandemic on investor sentiment.
(DEVELOPMENT) US sanctions loom as funding hurdle for the high-cost development of an Albion/CIL processing plant for refractory material under PanTerra Gold joint venture over Cuba’s La Demajagua gold project.
(COMMENTARY) As governments around the world start to focus on the economic road ahead post-coronavirus, a Mining Association of Canada survey finds strong public support for expansion of the nation’s share of the global critical minerals supply.
(CORONAVIRUS) More suspended projects resume production under strict precautions as national and regional COVID-19 lockdowns are eased, while our survey of coronavirus-related articles we have published during the last week show a number of companies are operating positively despite continuing restrictions on travel and business activity.
New mining law revisions to cut through red tape and attract more investment
