Brazil’s CSN net profit soars on mining performance
Brazilian steelmaker and mining group CSN’s net profit jumped by more than fourfold in the fourth quarter, sending its shares higher on Thursday on the back of a solid performance in its mining business.
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Alrosa’s annual net profit drops 15.2%
Russia’s sanctions-hit diamond producer Alrosa on Wednesday reported 2023 net profit of 85.18 billion roubles ($925 million), down 15.2% from the previous year.
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Vale first-quarter net profit falls 19.6%, but beats expectations
Mining News Pro - Brazilian miner Vale, one of the world’s largest producers of iron ore, reported on Wednesday its first-quarter net profit fell 19.6% to a better than expected $4.45 billion as stronger pricing offset weaker production numbers.
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Marathon Gold buys net profit interest royalty on Valentine project
Mining News Pro - As exploration continues on its Valentine project in central Newfoundland, Marathon Gold has purchased for cancellation the historical 7.5% net profit interest royalty covering certain mineral resource areas on the property.
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Polyus net profit up 63% on higher gold prices
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.
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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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Net Profit Growth of 182 Percent for HOSCO in Q1
Mining News Pro - Hormozgan Steel Company had 182 percent of net profit growth in Q1 compared to the same period last year.
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Sandfire hits record net profit after strong DeGrussa copper-gold production
Mining News Pro - Sandfire delivered a record $123 million net profit after tax on the back of DeGrussa’s strong production, low costs and high copper prices during the 2018 financial year.
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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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