Новости за 27.02.2019

A preliminary economic assessment (PEA) conducted by TSX-V-listed Pure Gold Mining for its Fork, Russet South and Wedge deposits has demonstrated the potential to add about $51-million to the Madsen gold project’s after-tax net present value. As a result of high gold grades, near surface resources and use of existing infrastructure, mining of these zones will yield a 39% after-tax internal rate of return.

TSX-listed Argonaut Gold has achieved record fourth-quarter production and has met its yearly production guidance, despite reporting a net loss of $17.5-million for the fourth quarter, and a net loss of $7.6-million for the year. This translates to a loss of $0.10 a share for the reporting quarter and a $0.04 apiece loss for the year.

Aim-listed Phoenix Global Mining on Wednesday announced a threefold increase in its US-based Empire mine landholding, to the north and west of the Horseshoe claim block at Windy Devil and Navarre Creek. The company’s landholding increased by 3 880 acres, from 1 837 acres, or 7.43 km, and now has a total land package of 5 717 acres, or 23.14 km, by staking and filling 194 new unpatended claims in two blocks, which cover extensions to known mineralisations.

TSX- and NYSE-listed Turquoise Hill Resources has flagged potential further delays in the development schedule of the Oyu Tolgoi underground mine project, saying that the completion of ‘technically complex’ installations at Shaft 2 could take longer than previously thought. The Rio Tinto-owned company, which holds the giant mine in a 66:34 partnership with the Mongolia government, last year said that sustainable production of $5.3-billion underground mining project would only be achieved in the... Читать дальше...

Belgian group DEME and Canada's DeepGreen are carrying out tests and research to collect nodules containing copper, cobalt and other minerals from the ocean floor, as a race to mine the depths gathers pace. Deep sea mining is often dismissed as unaffordable and environmentally hazardous because of the potential risk to species science has barely begun to understand.

Diversified mining giant Rio Tinto on Wednesday announced strong financial results for 2018, and rewarded its shareholders with large dividends, including a $4-billion special dividend. The miner’s underlying earnings advanced 2% to $8.81-billion, as higher iron-ore and copper volumes, as well as stronger prices for aluminium and copper, lifted its revenue to $40.5-billion in the 12 months to December.

Mining major Rio Tinto is hoping to leverage is fossil-fuel-free portfolio to assist in reducing its carbon footprint, and to help battle climate change. “Given our decision to strengthen our business and exit coal, we are now the only major mining company with a fossil-fuel-free portfolio, which means we are well-positioned to contribute to a low-carbon future,” said Rio CEO Jean-Sebastian Jacques on Wednesday.

Diamond miner Lucapa Diamond Company has generated a further A$5.3-million in revenue from the sale of 5 411 ct of rough diamonds recovered from its Mothae operation, in Lesotho, during January. The diamonds were recovered during the ramp-up of the 1.1-million tonne a year plant in the fourth quarter of 2018,and in the first month of commercial mining operations in January.

Copper miner Oz Minerals has reported another solid financial year in the 12 months to December, with net profits after tax reaching A$222.4-million, compared with the A$231.1-million in the previous financial year. Underlying earnings before interest, tax, depreciation and amortization increased from A$539.4-million to A$540.4-million, with revenues up from A$1.02-billion to A$1.11-billion.

Copper junior Nzuri Copper has received a takeover offer from a subsidiary of Chinese metals trader Chengtun Mining Group, which is offering shareholders 37c a share in cash for their holding in Nzuri. The directors of Nzuri have urged shareholders to accept the offer, which values the company at about A$109.5-million.

TSX- and NYSE-listed Hudbay has discovered a depsoti with 35.6 m of high-grade mineralisation that has both zinc-rich massive sulphides and gold, between the old Chisel North mine and the producing Lalor mine, in Canada, both of which Hudbay owns. At a downhole depth between 540 m and 576 m, the company intersected 35.6 m grading 5.21% zinc, 0.33% copper, 1.37 g/t gold and 15.7 g/t silver, including 4.6 m of 20.76% zinc and 6.2 m of 6.34 g/t gold.