Keyword: "profit"

Mining News Pro - Canadian miner Barrick Gold posted a near three-fold jump in quarterly adjusted profit on Thursday and increased its dividend, benefiting from a surge in gold prices fuelled by widespread coronavirus stimulus measures unveiled globally.

Mining News Pro - Roy Hill has increased production at its Pilbara iron ore mine in Western Australia after commissioning a wet high intensity magnetic separation plant at the site.

Mining News Pro - Chief executive of Sabanour mining and industrial development company said that last year the company’s profitability grew by 244 percent.

Mining News Pro - Chile’s state-owned miner Codelco, the world’s largest copper producer, on Friday reported a 86% increase in its profit for the first nine months of the year on Friday, to $1.124 billion, amid an increase in production.

Mining News Pro - Sibanye-Stillwater said on Thursday third-quarter core earnings reached record levels, boosted by higher metals prices, despite an 18% drop in output at its South African platinum mines.

Mining News Pro - Canada`s Agnico Eagle Mines reported a better-than-expected quarterly profit on Wednesday, benefiting from a surge in gold prices and sales volume, and raised its capex forecast for the year as it spends on several sites to boost production.

Mining News Pro - Canadian miner Teck Resources Ltd reported a 66.6% fall in third-quarter adjusted profit on Tuesday, as production of steelmaking coal decreased.

Mining News Pro - Freeport McMoRan beat analysts’ estimates for third-quarter profit, as the miner benefited from higher gold prices due to the covid-19 pandemic and cost cuts.

Mining News Pro - Profits of China`s major industrial firms totaled 612.81 billion yuan (about 90 billion U.S. dollars) in August, increasing by 19.1 percent year on year, data from the National Bureau of Statistics (NBS) showed Sunday.

Mining News Pro - Russian largest gold producer Polyus said on Monday that its second-quarter net profit rose 63% year-on-year to $684 million due to a 31% increase in gold prices.

Mining News Pro - Platinum group metals (PGMs) mining and marketing company Implats on Thursday posted record headline earnings on the back of solid operational performances and record sales revenues – despite the considerable impact of Covid-19 – for its full year to June 30.

Mining News Pro - Surface gold mining company DRDGold on Tuesday declared its 13th successive-year dividend distribution on a fourfold-plus increase in group operating profit of R1 562.1-million, a sevenfold-plus headline earnings surge and rocketing market capitalisation.

Mining News Pro - Sibanye-Stillwater on Thursday reported a half-year profit boosted by higher precious metals prices and a weaker rand currency. Production from all the company’s operating segments increased year-on-year despite the disruptions posed by the pandemic.

Mining News Pro - A strong gold price supported Aim-listed Shanta Gold’s profitmaking to $15-million for the six months ended June 30.

Mining News Pro - South African miner Gold Fields reported a big jump in half-year earnings on Thursday, benefiting from a surge in the price of gold.

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.

Mining News Pro - Northam Platinum expects to achieve a record operating profit for the financial year ended June 30.

Mining News Pro - The company posted net income of $85.6 million, or 80 cents per share, compared to $154.2 million, or $1.45 per share, in the year-ago quarter.

Mining News Pro - Newmont said on Wednesday that higher gold prices helped generate significant free cash flow in the second quarter.

Mining News Pro - Rio Tinto Group, the world’s second-biggest miner, is accelerating its work on potential development of the giant Simandou iron-ore project in Guinea as half-year earnings showed the steel-making ingredient dominated the producer’s profits.

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