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Australian gold major Ramelius Resources is looking forward to a significant boost to its cash and gold balance after gaining its long-awaited approval to haul ore from site stockpiles at its Penny mine in WA.
Ramelius reduced the top end of its FY23 group production guidance last month because of the delay in getting approval to use 100t capacity roadtrains to haul ore from the mine to its Mt Magnet plant 150km away.
The company aims to clear the...
A court win for Australian explorer Argonaut Resources has cleared the way for it to undertake exploration for iron oxide copper-gold systems at its 100%-owned Murdie project along the western edge of Lake Torrens in SA.
Argonaut’s appeal against a 2022 Supreme Court decision that quashed the authorisation under the Aboriginal Heritage Act to conduct exploration works has been successful.
The Murdie exploration licences are close...
Australian explorer Metallica Minerals expects to release the DFS results for its 100%-owned Cape Flattery silica sand project in N Qld after delays in receiving key inputs from external consultants.
Metallica says the project approval processes and construction timing for the project will also be delayed after a federal government ruling it must undergo an environmental impact process.
The project, adjacent to Mitsubishi...
With the loading of the first spodumene concentrate shipment from its Finniss lithium operation under way, Core Lithium has gained the final approval from Australia’s Northern Territory government to develop its second mine at the project 90km S of Darwin.
The BP33 underground mine, with a mineral resource of 10.1Mt @ 1.48% Li2O, is 5km from the Finniss project’s Grants openpit, crusher and dense media separation plant.
The initial...
Australian major Newcrest Mining has backed the promising the La Plata copper-silver-gold-platinum group element alkalic porphyry project in Colorado, USA with a $C6.3M investment and technical cooperation agreement with its Canadian owner Metallic Minerals.
The private placement of 15.8M units at 40c, a 13% premium to Metallic’s 20-day volume-weighted average price, will deliver Newcrest a 9.5% shareholding.
...
An improving social situation in Peru despite national protests has helped keep UK-based precious metals miner Hochschild Mining on track for its annual targets amid significant March qtr production declines.
Hochschild’s Q1FY2023 attributable group production was 2.44Moz silver and 39,735oz gold, compared to 2.93Moz Ag and 56,940oz Au in the previous period. Equivalent production was 5.36Moz AgEq (Q4FY2022: 7.66Moz)...
The pressure of sanctions and counter-sanctions between Russia and much of the rest of the world has prompted Russia and Kazakhstan-focused gold producer Polymetal International to propose re-domiciling to Kazakhstan, within the Astana International Financial Centre.
Jersey, the self-governing Channel Islands British dependency that is Polymetal's current home, has followed the UK, EU, US and many other nations by...
Russian giant Polymetal International has reiterated its FY2023 production guidance of 1.7Moz gold equivalent despite a fall in its March qtr (Q1) production of 345,000oz AuEq, from 540,000oz in the previous period.
With a grade-driven production slump at Dukat in Russia and concentrate inventory build-up at Kyzyl and Varvara in Kazakhstan, Q1 production comprised 296,000oz gold (385,000oz) and 3.9Moz silver (7.2Moz)....
Global lithium chemicals companies Allkem and Livent have announced a $US10.6B all-stock merger of equals to establish a new producer with proforma CY2022 revenue of $1.9B and adjusted EBITDA of $1.2B.
The transaction, expected to close by end-2023, will combine their high-quality, low-cost asset portfolio in Argentina and Canada.
The new company is expected to deliver about 250,000tpa LCE by CY2027, delivering about $125Mpa pre-...
Miner Kingsgate Consolidated is eyeing an earlier-than-planned mining restart at its Chatree openpit gold mine in central Thailand after ending its six-year closure due to a government ban.
Australian-based Kingsgate says plant #2 at Chatree is performing above nameplate capacity and at times at high as 370tph throughput, two months after commissioning began.
Chatree is currently producing about 500oz weekly from processing low-...