Новости за 06.11.2019

Trafigura Group and Nyrstar directors met the fury of a small group of shareholders at a marathon meeting on Tuesday, in which investors accused the commodities trader of unfair dealings that led to the downfall of Europe’s biggest zinc smelter. In a meeting that dragged on for 10 hours, the shareholders grilled Nyrstar’s directors about the independence of the board and fairness of contracts between Nyrstar and Trafigura, its biggest customer, supplier and shareholder. Chairman Martyn Konig was... Читать дальше...

Dual-listed Barrick Gold on Wednesday said it was on track to deliver production at the higher end, and costs at the lower end, of its guidance ranges for the year. This is on the back of the miner’s third-quarter results, ended September 30, which show net earnings of $1.30 a share, and adjusted net earnings a share of $0.15, marking a 67% increase quarter-on-quarter on the back of a higher gold price, and debt, net of cash, being 14% lower quarter-on-quarter at $3.2-billion.

The Minto mine, in Canada, has received its first revenue since operations were restarted last month, LSE-listed Pembridge Resources announced on Wednesday. Minto received a 90% provisional payment of $3.4-million from Sumitomo Canada for the 1 734 t of copper concentrate produced in October.

TSX- and NYSE-listed B2Gold on Wednesday announced a maiden dividend of $0.01 a share for the third quarter and said that it expected to declare future dividends quarterly at the same level, which on a yearly basis would amount to $0.04 a share. Turning towards the company’s third-quarter, ended September 30, it reported record quarterly consolidated gold production of 258 200 oz of gold, which is 15 807 oz, or 7%, higher than what was produced in the third quarter of 2018.

TSX-listed Gran Colombia Gold has closed its previously announced investment by Eric Sprott in a non-brokered private placement. Through the private placement, 2176423 Ontario, a corporation that is beneficially owned by Sprott, acquired 3 260 870 units of Gran Colombia at a price of C$4.60 a Unit for a total investment of C$15-million.

The expansion project at the Cozamin mine, in Mexico, is set to deliver an even better outcome than previously thought, with base metals miner Capstone Mining now forecasting an increase in production of between 50-million and 55-million pounds of copper and 1.4-million to 1.5-million ounces of silver. The expansion project, which was announced in late 2018, involves debottlenecking the mine with a one-way ramp system. It was previously forecast to improve production by between 40-million and 45-million pounds.

Base metals miner Trevali, which owns operations in Peru, Canada, Namibia and Burkina Faso, has launched a “transformative improvement programme”, dubbed T90, which aims to move its operations down the cost curve. Trevali is targeting $50-million in pre-tax yearly sustainable efficiencies over the next two years, culminating in all-in sustaining costs (AISC) falling to $0.90/lb by the beginning of 2022.

The first round of results from ASX-listed FYI Resources’ high purity alumina (HPA) pilot plant trial has achieved grades of 99.99%, the company said on Wednesday. The plant operated continuously from October 2 to 9 on a 24/7 basis, and either met or exceeded the modelled operational performances, demonstrating the potential for commercial production of a HPA, the company previously said.

The share price of the world’s largest gold mining company, Newmont Goldcorp, slumped on Tuesday, after the Denver-based miner lowered its guidance for 2019 to 6.3-million ounces, from a previous guidance of 6.5-million ounces. The company’s stock in New York fell as much as 5.8% to $36.64 a share, before closing 3.4% lower at $37.55 apiece.