Keyword: "2019"

Mining News Pro - Fitch Solutions is revising down its thermal coal price forecast for 2020 to $55/tonne from $65/tonne as demand for Newcastle coal is set to remain weak while supply is ample, the market analyst said in its latest report.

Mining News Pro - Gold mines emitted on average 0.8 tonnes of CO2 equivalent for every ounce of gold that was produced in 2019, according to a report from S&P Global.

Mining News Pro - Eldorado Gold announced on Friday a Q2 2020 preliminary production of 137,782 ounces of gold, a 50% increase over Q2 2019.

Mining News Pro - The gold industry will need to bring on line eight-million ounces in the next five years to maintain 2019 levels of production, consultancy firm Wood Mackenzie (Woodmac) said on Wednesday, warning that the gold supply summit was in sight.

Mining News Pro - Gran Colombia Gold announced on Tuesday that it produced a total of 18,129 ounces of gold in May, about 98% of gold production in the same month last year.

Mining News Pro - Despite the challenges presented by the covid-19 pandemic in forecasting silver market conditions over the rest of the year, extended physical demand could drive the metal’s price higher in 2020, the Silver Institute suggested in their annual World Silver Survey.

Mining News Pro - In the first year following its merger with Randgold Resources, the restructured and refocused Barrick Gold Corporation has delivered a strong operational performance and made significant progress towards its goal of becoming the “world’s most valued gold company”, the miner said in its 2019 financial report on March 25.

Mining News Pro - Precious gemstones miner Gemfields (LON: GEM) said on Tuesday that it expected to record $39.1 million in net profit after tax for 2019, compared to a net loss of $60.4 million in the previous year.

Mining News Pro - Turkey scrap imports dropped 9% Y-o-Y to 18.8 MnT in CY19 Import volumes from US and Netherlands observed increase, however bookings from UK fell in CY19. Country’s crude steel output fell 9.6% Y-o-Y to 33.7 MnT in CY19.

Mining News Pro - Global exploration budget for nonferrous metals decreased by 3% last year to an estimated $9.8 billion from $10.1 billion in 2018, according to S&P Global Market Intelligence’s latest World Exploration Trends report. The decline in planned spending halts a two-year rebound in the exploration sector.

Mining News Pro - Pan American Silver had a strong financial year in 2019, generating $282 million in operational cash flow. The company also retired $60 million in debt, paid out $29 million to shareholders, made investments in new projects and had an improved cash position throughout the year.

Mining News Pro - Vale (NYSE: VALE) posted a loss of $1.68 billion in 2019, compared to a net income of $6.860 billion in 2018, the Brazilian miner reported on Thursday.

Mining News Pro - IAMGOLD posted a net loss from continuing operations of C$373.3 million on revenues of $1.1 billion after recording a $395-million impairment charge related to its Westwood mine in Quebec.

Mining News Pro - IAMGOLD’s total attributable proven and probable reserves decreased by 6% to 16.7 million ounces at the end of 2019 from 17.9 million ounces of gold at the end of 2018. According to the company, the decrease was primarily due to mine depletion during the year given the company’s gold production of 762,000 ounces.

Mining News Pro - Peru’s mining sector fell by 0.05% in 2019, a report by the National Institute of Statistics and Informatics shows.

Mining News Pro - Glencore’s Katanga operation in Africa held unsold stocks of 12,797 tonnes of battery material cobalt with a current market value of more than $400 million at the end of last year, statements from Katanga show.

Mining News Pro - Precious metals miner Yamana Gold’s stock reached a three-year high of $4.31 a share on Friday following the release of its fourth quarter and full year 2019 results.

Mining News Pro - Glencore said its 2019 copper output fell 6% and battery mineral cobalt rose 10% as it boosted production at its Katanga mine in the Democratic Republic of Congo, offsetting the impact of the early closure of another operation.

Mining News Pro - Alacer Gold on Tuesday released its operating and financial results for the full-year ended December 31, 2019. The company had an “exceptional” year in 2019, generating more than $215 million in unlevered cash flow.

Mining News Pro - Gold demand fell 1% in 2019 to 4,355.7 tonnes as a huge rise in investment flows into ETFs and similar products was matched by a price-driven slump in consumer demand, the World Gold Council (WGC) says.

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