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The full story: In-depth news and analysis

‘Merger of equals’ between dominant West Australian miners Northern Star Resources and Saracen Mineral Holdings will create a global Top 10 gold producer with a portfolio of producing and prospective projects in Tier 1 Australian and North American jurisdictions and compelling synergies and growth opportunities.

Australian gold miner AuStar has significantly narrowed its full year FY20 net loss despite the extra costs of its ultimately withdrawn attempt to build on its Victorian gold portfolio through a merger with the under-administration Centennial Mining.

Cleveland Cliffs to become N America’s largest flat-rolled steel and iron pellet producer with the $1.4M acquisition of ArcelorMittal’s US operations

Following record $290B resources/energy earnings in FY20, the Australian Govt is flagging another strong 2-years ahead

Record $22B increase in FY20 Western Australia resources sector sales to $172B

Despite a fall in FY 20 gold production, Red-5 is heading for mid-tier production status on the back of a $7.53 turnaround to a $4.5M profit. By Mark Mentiplay

Gruyere gold mine partners Gold Fields and Gold Road Resources have trimmed production guidance after the failure of a ball mill motor bearing brought an end to a strong first year of operations at the West Australian mine. John Feary reports

Australian nickel specialist Mincor Resources is promising an exciting ride for Western Australia’s renowned Kambalda nickel province following board approval to end a five-year shutdown and redevelopment of its Kambalda Nickel Operations.

West Australian developer Calidus Resources has named preferred contractors Macmahon (opencut mining and civil) and GR Engineering (process plant) as it begins construction work ahead of schedule on its Warrawoona gold project in the East Pilbara.

New study backs Oregon’s 1st gold mine, Paramount Gold’s $130M underground operation producing 362,000oz gold/425,000oz silver over an initial 8-year LoM

Three years after the Philippines government’s anti-mining policies forced it to leave its Siana gold mine, completion of a strong feasibility study at King of the Hills sets Red 5 on track to become a significant mid-tier Australian gold producer. John Feary reports

Lithium aspirant Mali Lithium gets new major shareholder in Resolute Mining as part of a $70M raising to secure 80% of the Morila Gold Mine in Mali and is already talking strategeic partnership. By Mark Mentiplay

Australian miner New Century Resources rules out a binding offer to acquire and revive Vale’s struggling Goro nickel and cobalt operation in New Caledonia.

Mine planning optimisation study supports Ironbark Zinc’s case for its Citronen project on the remote northeast coast of Greenland to be a major zinc and lead development.

Little-known Australian explorer and developer Mali Lithium aims to find a new lease of life for the Malian gold project that was once known as Morila the Gorilla after agreeing to pay international giants Barrick Gold and AngloGold Shanti $US22M-plus for their combined 80% stake.

Gold miner Oceanagold has again cut FY 20 output expectations for its global operations in the wake of the COVID-19 pandemic

A $435oz jump in the gold price has seen Regis Resources’ FY 20 profit jump 22% to $200M

Australian-based international mining services contractor Macmahon has ridden the increased gold and gold-copper activity to record earnings and cash-flow in the June 2020 financial year. John Feary reports

Increased sales revenue and lower costs for Perseus $87M FY 20 profit jump to $94.4M, with Yaouré on the production horizon

Nickel miner Western Areas more than doubles FY 20 profit in the face of lower production and higher costs. By Mark Mentiplay

A string of FY 20 records, topped by a 49% profit jump to $4.7B on record shipments, has FMG expecting more of the same in FY 21. By Mark Mentiplay

Recently acquired Atlantic gold has lifted FY 20 gold production to offset lower output from St Barbara’s Australia/PNG operations and ease the FY 20 profit fall

Covid-19 wreaks havoc on Hochschild’s H1 20 bottom line with all production way down for a $9M loss, down 154% on H1 19

Triumphant FY20 results and more cash for shareholders as Northern Star exceeds most expectations on record profit, EBITDA and mine cash flow. By Mark Mentiplay

After seeing FY20 revenue and profits slip under the challenges of the COVID-19 impacts on the world economy, BHP joins the flight from under-pressure thermal coal production but sees continuing strong demand for high-quality metallurgical coal.

Despite a 13% drop in gold production, partially offset by a rise in copper output, Newcrest has managed a 34% jump in underlying profit to $750M

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.


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