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Lower Beta Hunt gold production, off-set by a 1st up H2 19 16,635oz from recently acquired Higginsville cuts RNC FY19 loss to $6.9M
Endeavour all-share bid for SEMAFO to create the biggest gold producer in Burkina Faso/Ivory Coast
Kirkland Lake has followed the shutdown of 2 Aussie gold projects with cuts at Detour Lake and the suspension of all exploration
New moves by gold major Newmont to offset the global COVID-19 pandemic prompts 4 temporary mine closures and an expected Q1 20 prodn fall
Increased product prices received for a 3% revenue jump has failed to offset a 12% fall in Kenmare’s FY19 profit to $45M, with warnings of uncertain times ahead
National quarantine to combat coronavirus forces demobilisation of most of the 10,000 workforce on Anglo American’s $5.3B Quellaveco copper project in southern Peru.
Strong PFS results highlight Bardoc Gold’s opportunity to develop a substantial new mid-tier Australian gold project with outstanding economics and strong financial returns just north of the world-class Kalgoorlie mining hub.
Coronavirus restrictions on the movement of goods and people within Mongolia threaten to further delay completion of the vital underground expansion of the Rio Tinto-operated Oyu Tolgoi copper-gold mine.
Gold miner Norgold has acquired 19.9% of Aussie explorer Cardinal Resources and its advanced Ghana gold project, and flagged a cash bid for the rest. By Mark Mentiplay
Kingsrose Mining cranking up to extend and increase its Sumatra gold operations beyond mid-FY2020
Kirkland Lake to shut down 2 of its “non-core” Australian gold operations. About 250 to lose their jobs
New mine production lifts Endeavour Mining gold output 6% to 651,000oz and profit to 39% to $74M
Anglo American Platinum is facing the loss of nearly 1Moz platinum group metals and gold, with a likely $US1B decline in earnings, after fears of a catastrophic explosion forced the closure of a key process unit at its Waterval smelter in South Africa.
New owner Anglo American says it has the financial resources and capabilities to achieve a successful development of the North Yorkshire polyhalite project that broke Sirius Minerals.
With both of its gold operations hit by serious FY19 shutdowns, one following a 39-death worker convoy ambush, SEMAFO has managed a $$50+ profit
Australia’s credit agency confirms its interest in funding support for EcoGraf’s battery graphite purification plant development in WA and Renascor Resources’ flake and spherical graphite project in SA.
With the completion of the Leagold merger/takeover this month, Equinox Gold is set to dramatically increase gold production from 2 to 6 mines and move well into the black from FY19’s reduced $20.3M loss
After 10 years and nearly 1Moz of gold production at its Co-O mine in the Philippines, Medusa Mining is looking beyond its recent struggles with a start of work nearing for the $48M decline to target additional mineralisation it expects to find at greater depths.
A major mine closure and the sale of a major asset sees a new Avino Silver & Gold coming from a profit-to-loss base
With the bulk of its commodity output down, Hudbay Mins has fallen from profit to a $343.8M loss
Datadigging helps you keep track of how the COVID-19 pandemic is affecting the resources sector around the world.
(CORONAVIRUS) Even where they benefit from exemptions from the anti-coronavirus restrictions on general travel and industry operations, miners face an additional challenge as the grounding of airlines around the world takes away their regular air freight routes for getting high-value product to market.
(CORONAVIRUS) Mineral exploration teams operating in a wide, remote area of Central Australia have had their access permits revoked by representative body for traditional landowners and residents in a bid to prevent the spread of the coronavirus.
(MANAGEMENT) Vale halts its giant Voisey’s Bay nickel, copper, cobalt mine for four weeks while it introduces significant changes to its global operations and administrative structures to combat the global coronavirus pandemic.
(DEVELOPMENT) After a long and heated battle, New Zealand’s family owned conglomerate Todd Corporation has finally won the support of feisty Australian shareholders in Flinders Mines for its grand plan to develop an independent mining and infrastructure empire in the Pilbara region of WA.
(MARKETING) It’s hand sanitiser and masks all around for Chinese heavy mineral processors and commodity suppliers such as Image Resources as the government encourages a return to normal operations after the extended holiday shutdowns triggered by the coronavirus.
