Mining Bulletin

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Mining Bulletins

The full story: In-depth news and analysis

Norilsk Nickel outlines new court action against Botswana government minister claiming $277M damages over aborted sale of African nickel businesses.

A Q1 17 $6M profit from loss turnaround for Detour Gold flags more in the 2nd half of 2017

A near doubling of Q3 17 prodn from Blackham’s weather affected new gold mine has failed to offset a cut in FY17 production expectations as the ramp up continues

Increased sales, lower costs turn Coeur Mining’s Q4 16 loss into a Q1 17 $18.3M profit.

South32 has lowered production guidance for the next 15 months at its South Africa Energy Coal business after heavy March quarter rains that cut production and slowed pit development.

BHP Billiton has slashed its forecast copper production by 17% largely due to the 44-day strike at the world's largest copper mine, Escondida in northern Chile.

A better average gold price offsets lower FY/CY16 production to return Petropavlovsk to profit

Barrick Gold is facing at least two months of disruption to heap leach operations at its Veladero gold mine in Argentina following a cyanide solution spill in late March.

Increased gold-copper production and sales have failed to head off Newmont Mining's Q1 17 net income slump to $1.66B

Patagonia Gold and Pan American Silver do $30M+ worth of Argentine gold-silver asset swap deals

Saracen has announced a $0.5M cash sweetener for its agreed acquisition of Bligh Resources' Bundarra gold project in a bid to head off the opposition from substantial shareholder Zeta Resources. John Feary reports

Shanta Gold’s move underground and subsequent ramp up is expected to cut Q2 17 gold prodn after Q1 17 rise

Shandong has cited new Chinese capital/acquisition rules as the primary reason for its talks with Barrick Gold for a major stake in the big Super Pit gold mine in Western Australia ending without a deal

1st part-year prodn from Roxgold’s Burkina Faso gold mine has already generated $98M revenue for a FY/CY16 $2.51M loss

Newcrest Mining has yet to assess the impact on production as it continues checking for damage and rehabilitation before it can resume underground mining after its Cadia East mine was halted by an earthquake.

Q1 17 gold-copper-silver production falls as Anglo Asian brings on its new Azerbaijan gold deposit

Several investigations are underway after an initial report identifies millions of dollars of alleged fraudulent transfers.

South32 has dumped its proposed $200M acquisition of Peabody Energy metallurgical coal assets in New South Wales rather than accede to Australian watchdog conditions it said would compromise the value of the deal.

Red 5 has halted all openpit mining and underground development at its Siana gold mine immediately because of the anti-mining policies of Philippines president Rodrigo Duterte and environment secretary Regina Lopez.

Higher seaborne freight rates and widening price discounts for lower-quality production are adding to the burdens for Australia's junior iron ore producers. John Feary reports

Updated PEA lifts Lamaque gold production 156% on a resource upgrade that’s more than doubled the estimated initial LoM to 10+ years

Arizona Mining moves to FS after PEA lifts resources for its near $1B Taylor zinc-lead-silver US project, By MBM’s North American correspondent

Ramelius Resources has had another bad production qtr, with Q3 17 following the previous qtr lower to 28,083oz.

Coal miners in the N Australia region ravaged by a cylone are chasing rail transport space as the network struggles to get back into operation

Big silver-gold production jumps fuel Hecla Mining’s FY/CY16 $70M profit from 2015’s $87M loss

Avesoro expecting top-end 100,000oz gold as New Liberty ramps up, despite Q1 17 prodn fall to 14,900oz

A March quarter production hiccup caused by heavy rains at its two West Australian mines shouldn't stop Saracen Mineral Holdings meeting its 300,000ozpa production target rate in the next three months.

Goldcorp has completed the sale of its Los Filos Gold Mine in Mexico to Leagold for $279M cash and a 23% stake in the company

Barrick Gold facing suspension of its Argentina operations if it doesn’t clean up environmental/operating operations at its Veladera Gold Mine

The expanding Palmarejo silver and gold mine in northern Mexico has enabled Coeur Mining to maintain its improved production forecast for FY2017.

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