South African gold mining company Gold Fields on Thursday May 4 listed “significant increases” in a number of key commodities since the start of the US-Iran war. During the three months to March 31, all-in sustaining costs (AISC) hit a 13%-higher $1 829/oz and all-in costs (AIC) a 10%-higher $2 046/oz .
TSX- and NYSE-listed B2Gold produced 237 763 oz of gold across its operations in Namibia, Mali, Canada and the Philippines in the first quarter of the year, with all its mines surpassing expectations. The higher-than-expected production helped ensure lower consolidated cash operating costs of $1 005/oz and all-in sustaining costs of $1 964/oz, says incoming president and CEO Mike Cinnamond.
Having achieved record recoveries at the Blackwater mill and strong grades from the mine’s openpit, in British Columbia, TSX-V-listed Artemis Gold posted adjusted net income of C$129-million in the quarter ended March 31. This was despite an unexpected shutdown early in March owing to a ball mill gearbox failure.
Global commodities group Trafigura has entered into exclusive negotiations with the Egyptian Aluminium Company (Egyptalum) and the Metallurgical Industries Holding Company (MIH) to develop a new primary aluminium smelter, in Egypt, at a cost of between $750-million and $900-million. The parties plan to establish a new company that will build, own and operate a 300 000 t/y primary aluminium smelter and a 150 000 t/y anode plant at Egyptalum's Nag Hammadi complex. When in operation, the new facilities... Читать дальше...
US-based lithium and specialty chemicals producer Albemarle Corporation has reported a 148% year-on-year increase in its adjusted earnings before interest, taxes, depreciation and amortisation (Ebitda) to $664-million in the first quarter of the year. The company experienced higher volumes and pricing in its Energy Storage and Specialties segments, in particular, with Ebitda in these segments having grown by 196% and 30% year-on-year, respectively.
TSX-V-listed MineHub Technologies has launched a comprehensive digital module purpose-built Assay Manager to transform how commodity market participants manage, analyse and act on assay data across their operations. Assay Manager, as a standalone digital tool, removes ecosystem dependencies and empowers commodity producers, traders and buyers to manage, compare and act on assay data entirely within the MineHub platform.
NYSE- and TSX-listed precious metals miner McEwen’s revenue increased by 107% year-on-year in the quarter ended March 31, reaching $74-million from the sale of 15 572 gold-equivalent ounces (GEOs). The average realised gold sale price was $4 792/oz in the quarter – 71% higher than the first quarter of last year.
Argentina expects to export $12.1-billion worth of lithium and $20.6-billion worth of copper in ten years, up from $6-billion in mining exports last year, the South American country's mining minister Luis Lucero said on Wednesday. The projected surge in lithium and copper exports is an early indication that President Javier Milei's RIGI investment incentive scheme is unlocking large-scale mining capital. If realized, those export levels would be more than five times the country’s mining exports in 2025... Читать дальше...
Canadian miner Lundin Gold has generated record free cash flow of $349-million and net income of $273-million in the quarter ended March 31, marking a strong start to its financial year. The company’s earnings were supported by consistent operating and cost performance at the Fruta del Norte mine, in Ecuador, as well as record realised gold prices.
Venezuela's new mining law, 'Ley Orgánica de Minas' has been formally enacted and gazetted. TSX-V-listed Roland Mineral Enterprises says the new mining law represents a significant step in Venezuela's restructuring of its mining framework, opening the sector to international investment and aligning with a broader rapprochement between Caracas and Washington.
