R/€ = 20.78 Change: 0.01
R/$ = 17.63 Change: 0.00
Au 2034.39 $/oz Change: -26.52
Pt 959.98 $/oz Change: -12.59


Global mining M&A, capital raising falls in the second quarter

By: Tasneem Bulbulia     7th August 2020 After a flat first quarter, the total value of mining deals – including mergers and acquisitions (M&A), capital raising and asset transactions – declined by $5.3-billion to $20.6-billion in the second quarter, reports data and analytics company GlobalData. “Mining M&A values dropped by 30.5% or... 

Middle East, Africa mining deal activity increases in second quarter

By: Tasneem Bulbulia     7th August 2020 Overall deal activity in the Middle East and African metals and mining industry increased by 16.7% in the second quarter, data and analytics company GlobalData’s deals database shows. Twenty-eight deals worth $1.44-billion were announced for the region during the quarter, against the last... 

Rising silver output and prices lift Hecla results

By: Marleny Arnoldi     7th August 2020 NYSE-listed Hecla Mining managed to achieve a second-highest quarterly production of silver, since 2016, in the three months ended June 30, despite being amid the Covid-19 pandemic. More output combined with higher silver prices enabled the precious metals miner to generate 25% more revenue... 

Barrick and Novagold report first results from 2020 Donlin drilling

By: Mariaan Webb     7th August 2020 Joint partners in the Donlin gold project, Barrick and Novagold, on Thursday announced the first set of results from this year’s drill programme, with Barrick CEO Mark Bristow saying that the newly obtained data underscored the project’s “significant potential”. The 2020 drilling programme is... 

High-flying AngloGold posts colossal free cash surge as it weathers Covid disruption 

By: Martin Creamer     7th August 2020 Gold mining company AngloGold Ashanti on Friday posted a colossal surge in half-year free cash flow generation, most of it coming in the three months to June 30. Free cash flow before growth capital, the metric on which dividends are calculated, rose 376% - or nearly fivefold - to $324-million... 

Iamgold cuts guidance on Rosebel’s Covid suspension

By: Mariaan Webb     6th August 2020 700 000 oz, reflecting the suspension of operations at the Rosebel mine in response to Covid-19 being detected among workers. Operations at the mine in Suriname were halted on June 12. The suspension was lifted on July 24, once national health authorities confirmed it was safe to do so. The... 

Zenith sells US rare earth project

By: Esmarie Iannucci     6th August 2020 ASX-listed American Rare Earths has struck a share purchase agreement with fellow listed Zenith Minerals over its Laramie rare earths project, in Wyoming. Under the terms of the agreement, American Rare Earths would acquire Zenith’s wholly owned subsidiary Wyoming Rare for 2.5-million of its own... 

OceanaGold granted permit for WKP

By: Esmarie Iannucci     6th August 2020 Dual listed gold miner OceanaGold has been granted a mining permit for Wharekirauponga (WKP) in New Zealand, granting the company exclusive right to the WKP mineral resource. “Receipt of the mining permit is an important step in the permitting phase for WKP. As part of the greater Waihi district... 

Glencore holds back on dividend, accelerates net debt reduction 

By: Martin Creamer     6th August 2020 Notwithstanding its cash-generative business and secure liquidity positions, the board of Glencore has concluded that it would be inappropriate to make a distribution to shareholders in 2020, Glencore CEO Ivan Glasenberg said on Thursday. Instead the London- and Johannesburg-listed diversified... 

Minera Alamos buys another Mexico project

By: Mariaan Webb     5th August 2020 Toronto-listed Minera Alamos has acquired the Cerro de Oro gold project, comprising the Zacatecas I and Zacatecas II concessions near Concepcion del Oro, Zacatecas, Mexico. The acquisition of the two core claims in the district that contain a significant gold project with 76 holes and 8 200 m of... 

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