Increasing demand for US coal pushes workforce numbers up in Q2’22
Mining News Pro - Total US coal production rose in the second quarter of 2022 compared to a year earlier, and a sustained rise in demand for the fuel used in domestic and power generation allowed companies to increase their worker head counts, S&P Global Market Intelligence reports.
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Wesdome shares fall after missing analysts’ Q2 forecasts
Mining News Pro - Shares of Wesdome Gold Mines fell to their lowest in a year after the company reported a “weak” performance in its second quarter and said that it would be re-evaluating its 2022 guidance.
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Barrick Q2 gold output falls 5.4% on maintenance shutdowns
Mining News Pro - Barrick Gold Corp, said on Thursday second-quarter gold production fell 5.4% from the previous quarter, dented by planned maintenance shutdowns at Nevada Gold Mine in the United States and Pueblo Viejo in the Dominican Republic.
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Kirkland Lake reports record production in Q2, stock up
Mining News Pro - Kirkland Lake Gold saw increased production from all three of its operations during the second quarter of 2021, resulting in a record quarterly production of 379,195 oz. This represents a 15% increase from Q2 2020 and a 25% improvement over the prior quarter.
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Output from top copper producers down 3.7% in Q2 2020 – report
Mining News Pro - Copper output from the world’s top ten producers declined by 3.7% year-on-year collectively during the second quarter of 2020, according to GlobalData, a UK-based data analytics and consulting company.
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Coronavirus pushes Q2 net profit of Russian diamond miner Alrosa down 98%
Mining News Pro - Russian State-controlled diamond producer Alrosa said on Friday that its second-quarter net profit fell by 98% year on year to 300-million roubles ($4-million) as the novel coronavirus outbreak hit demand for precious stones.
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K92 posts record revenues for Q2, shares up
Mining News Pro - K92 Mining recorded its highest ever quarterly revenue for the three months ended June 30, 2020, the Vancouver-based gold miner announced Thursday.
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Kirkland Lake Q2 earnings beat estimates
Mining News Pro - Kirkland Lake Gold on Thursday reported strong financial and operating results for the second quarter of 2020 despite disruptions caused by covid-19.
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Agnico Eagle reports solid Q2 results
Mining News Pro - Agnico Eagle Mines reported on Wednesday a near four-fold increase in quarterly profit, owing to a surge in gold prices and a reduction in exploration costs during the second quarter of 2020.
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Eldorado gold production up 50% over Q2 2019
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.
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Newcrest Q2 gold output drops, bushfires delay flagship mine shipments
Mining News Pro - Australia’s Newcrest Mining Ltd posted a 16% fall in second-quarter gold output on Thursday due to shutdowns at its Lihir mine and said shipments from its flagship Cadia mine in New South Wales were delayed by the recent bushfires.
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Strong Q2 results lift B2Gold shares to record high
Mining News Pro - Vancouver-based gold miner B2Gold Corp. (TSX: BTO) reported Wednesday strong operational and financial results for the second quarter and first half of 2019, surpassing analyst expectations.
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Yamana reports Q2 production, cuts FY guidance to reflect Chapada sale
Mining News Pro - Yamana Gold Inc. (TSX: YRI) (NYSE: AUY) on Wednesday reported preliminary Q2 production results and updated the company’s full-year guidance to reflect its sale of the Chapada copper-gold mine in April to Lundin Mining.
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Indian Major Graphite India Once Again Posts Robust Results for Q2 FY19
Mining News Pro - Graphite India Limited (GIL) second quarter (Q2) numbers for the financial year 2018-19 are out and the company’s sales have recorded a dramatic surge of 344% y-o-y basis at INR 2,345 crore against INR 528 crore in Q2 FY18. Also if we make a comparison against the previous quarter (Q1 FY19), the company’s sales have increased by 19% from INR 1,965 crore.
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Indian Flat Steel Imports Rise by 6% in Q2 FY19
Mining News Pro - According to customs data released, Indian flat steel imports stood at 1.55 MnT in Q2FY19, higher by 6% as compared to 1.46 MnT in previous quarter.
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15 Things SteelMint Learned from JSW Steel Q2 FY19 Results
Mining News Pro - JSW Steel - India’s largest steel producing company with an installed steel making capacity of 18 MnT pa announced its quarterly results for Q2 FY19 today.
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India: Tata Sponge Iron Reports Decline in Profit in Q2 FY19
Mining News Pro - Tata Sponge iron - one of the largest sponge producers in Eastern India has released its quarterly results on 12th October, in which the company reported decline in consolidated profit margins in the second quarter (Q2) of FY19.
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Indian Pellet Exports Increase in Q2 FY`19 on Strong Overseas Demand
Mining News Pro - According to the customs data maintained with SteelMint, Indian pellet exports have registered rise of 7% to 1.96 MnT in Q2 FY`19 against 1.83 MnT in Q1 FY`19.
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India: Tata Steel Production Up 3%; Sales Climb 7% in Q2 FY19
Mining News Pro - Tata Steel- one of India’s major steel maker has registered growth of 3% Q-o-Q basis in its its standalone crude steel output to 3.27 MnT in Q2 FY19 as compared to 3.18 MnT in Q1 FY19.
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How does Tata Steel`s Overseas Units Performed in Q2 FY19?
Mining News Pro - Indian steel major, Tata Steel has released its provisional crude steel and sales numbers and while the company`s India performance has improved, its Europe and South East Asia operations have recorded a drop y-o-y basis in their crude steel and sales output in Q2 FY19.
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India: Iron Ore Export Drops 87% in Q2 FY`19
Mining News Pro - Indian iron ore exports have recorded sharp decline in second quarter FY19. The exports witnessed at 0.29 MnT, down 87% Q-o-Q as against Q1 FY`19 at 2.28 MnT. On yearly basis, the exports have depicted decline of 82% as against 1.57 MnT in Q2 FY`18.
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PRECIOUS METALS: San Dimas sale pushes Wheaton Q2 earnings to $318M
Mining News Pro - Wheaton Precious Metals reports that it had net earnings of $318 million (all U.S. dollars) in Q2 2018, including the $246 million gain on the sale of the San Dimas silver stream. The company reported record gold production from Salobo in Brazil and generated over $260 million in cash flow.
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Russian gold miner Polyus posts 10% rise in Q2 net profit
Mining News Pro-MOSCOW – Polyus, Russia`s largest gold producer, on Friday reported second-quarter net profit of $114-million, up 10% year on year, due to higher gold sales and lower costs, partly related to the start of plans to sell antimony.
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Gold demand falls 4% y/y in Q2
Mining News Pro - Global gold demand remained muted at 964 t in the second quarter, 4% lower year-on-year, according to the World Gold Council’s (WGC’s) latest ‘Gold Demand Trends’ report.
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South Korea: POSCO Crude Steel Output Increases 7% in Q2CY18
Mining News Pro - South Korea steel major - POSCO announced its quarterly results for Q2CY18 yesterday (i.e. on 23 Jul’18).The major highlights of the results announced were as follows:
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