Harmony profits 66% up on 26% higher production

Mining News Pro - Gold mining company Harmony Gold on Tuesday reported a 66% increase in profits to R12-billion for the 12 months to June 30.

Lynas reports a significant increase in profits

Mining News Pro - Rare earths miner Lynas has reported a massive surge in net profits for the full year ended June, as revenues rose.

Shanta posts lower interim profit, still proposes £0.10 dividend

Mining News Pro - Shanta Gold’s production and sales for the six months ended June 30 were lower year-on-year, the gold miner made good progress on its development and exploration projects and paid down a significant amount of debt.

Alrosa's profit jumps on higher prices

Mining News Pro - Russian State-controlled diamond producer Alrosa on Friday reported second-quarter net profit of 30.2-billion roubles ($411-million), up 26% from the previous quarter, thanks to higher prices.

Base metals to profit from solar demand

Mining News Pro - The critical minerals sector is poised to become a major benefactor of the increase in global demand for solar power, advisory firm Wood Mackenzie (Woodmac) said this week.

Fresnillo reports sharp increase in profitability

Mining News Pro - Precious metals miner Fresnillo has reported a sharp increase in profitability during the first half of the year, on the back of higher precious metals prices and its improved production performance.

Turquoise Hill's profit beats on strong output

Mining News Pro - Canadian miner Turquoise Hill Resources on Thursday beat estimates for second-quarter profit, bolstered by a strong output from the Oyu Tolgoi mine in Mongolia and higher prices of copper and gold.

Teck quarterly profit rises 4% on higher copper prices

Mining News Pro - Canadian miner Teck Resources said on Tuesday that quarterly adjusted profit rose 4% sequentially, driven by record-high copper prices.

Freeport-McMoRan profit beats estimates on higher copper prices

Mining News Pro - Freeport-McMoRan Inc beat Wall Street’s expectations for second-quarter earnings on Thursday as the copper producer, one of world’s largest, benefited from higher demand and increased prices for the red metal.

Copper price down as China industrial profits slow

Mining News Pro - Copper price fell again on Monday as slowing profit growth in industrial firms in China metals, rising inventories and low premiums sapped enthusiasm for the metal.

Brazil's Vale beats Q1 profit estimates

Mining News Pro - Iron-ore miner Vale SA beat first quarter profit estimates on Monday, with the Brazilian company boosted by a record performance in its ferrous minerals division.

Rudd doubles down on defunct mining super profits tax

Mining News Pro - Former Australian Prime Minister Kevin Rudd has singled out BHP, Rio Tinto and Fortescue Metals Group for a proposed super profits tax payment.

Freeport-McMoRan swings to quarterly profit on higher copper prices

Mining News Pro - Freeport-McMoRan on Thursday reported a first-quarter profit, compared with a year-ago loss, as the world's largest publicly traded copper producer benefited from higher prices for the red metal from improving global economic recovery prospects.

Centamin 2020 profit soars on strong gold prices

Mining News Pro - West Africa-focused gold miner Centamin posted on Monday record revenue in 2020 as the coronavirus pandemic pushed precious gold prices to record highs.

Turquoise Hill beats profit estimates on higher copper, gold production

Mining News Pro - Canada`s Turquoise Hill Resources posted a surprise rise in quarterly profit on Monday, helped by increased production of copper and gold at its Oyu Tolgoi mine in Mongolia.

Alrosa reports 49% fall in profit

Mining News Pro - Russian State-controlled diamond producer Alrosa on Tuesday reported a 49% fall in 2020 net profit to 32.2-billion roubles ($432-million) on lower sales and a weaker rouble.

Fresnillo annual profit soars, cautious on 2021 outlook

Mining News Pro - Precious metals miner Fresnillo reported a sharp jump in full-year pre-tax profit on Tuesday, boosted by strong gold and silver prices, but the company said it remains cautious for 2021 due to the continued impact of the pandemic in Mexico.

Codelco reports bumper year for profits despite pandemic

Mining News Pro - Chile`s Codelco, the world´s top copper producer, reported pre-tax profits of $2.078-billion in 2020 and said it had upped output from its own mines by 2% to 1.618-million tonnes, despite being forced to rely on skeleton crews for almost half the year amid strict measures aimed at curbing the coronavirus outbreak.

Codelco reports bumper year for profits despite pandemic

Mining News Pro - Codelco, the world’s top copper producer, reported pre-tax profits of $2.078 billion in 2020 and said it had upped output from its own mines by 2% to 1.618 million tonnes, despite being forced to rely on skeleton crews for almost half the year amid strict measures aimed at curbing the coronavirus outbreak.

Harmony expects to report up to 340% rise in interim profit

Mining News Pro - Harmony Gold Mining Company expects, with a reasonable degree of certainty, that its net profit for the six months ended December 31, 2020, will be between R5.7-billion and R5.9-billion.

Sibanye-Stillwater profit soars, targets push for greener tech in future output

Mining News Pro - Sibanye-Stillwater said on Thursday higher metals prices and stronger than forecast output had lifted 2020 earnings and cut debt, and that it would focus on serving the push for green technologies with future output.

Barrick beats profit estimates on higher gold prices

Mining News Pro - Canadian miner Barrick Gold Corp reported a quarterly profit on Thursday that beat analysts’ estimates, helped by a jump in gold prices due to coronavirus-induced economic uncertainty.

Sibanye-Stillwater profit soars, free cash rockets

Mining News Pro - The free cash flow of precious metals company Sibanye-Stillwater rocketed 63-fold to within a hair’s breadth of R20-billion in the six months to the end of December.

Higher prices drive Rio`s profits

Mining News Pro - Major Rio Tinto has reported increased revenues and profits for the full 2020, driven by strong commodity prices.

Kinross Gold beats profit estimates on higher prices

Mining News Pro - Canadian miner Kinross Gold beat analysts` estimates for quarterly profit on Wednesday as a surge in gold prices cushioned the blow from lower output.

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