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Henry Lazenby

Henry Lazenby

Henry Lazenby is Contributing Editor: Americas – Online for Mining Weekly.

Tel: +27 11 622 3744 / +1 647 352 1305

Email: newsdesk@engineeringnews.co.za / henry@miningweekly.com

 

Mining ops continue unfettered despite Burkina Faso civil unrest

     Updated 7 hours ago Canadian gold miners with operations in Burkina Faso on Thursday said that despite the declare state of emergency, their operations were continuing uninterrupted. Burkina Faso’s president Blaise Compaore had declared a state of emergency following violent protests in the capital that saw... 

Newmont earnings fall on lower prices, beats Street

Gold producer Newmont Mining has reported lower earnings for the three months ended September 30, as lower sales and metals prices weighed on the balance sheet. However, the Denver, Colorado-based company’s financial results beat analyst forecasts, helped in part by lower costs. 

Met coal price recovery unlikely until 2016 – Moody’s

A recovery in metallurgical coal prices to between $135 and $145 per metric tonne is unlikely before the second half of 2016, Moody’s Investors Service said on Thursday. In its sector commentary ‘Slow China demand, few curtailments push out met coal recovery’, published on Thursday, the firm said... 

Walter Energy shares fall despite beating expectations

The NYSE-listed stock of coal miner Walter Energy in early trading on Thursday morning fell by as much as 13%, despite the company reporting better-than-expected results for the quarter ended September 30. Birmingham, Alabama-based Walter reported a net loss of $98.9-million, or $1.48 a share,... 

Alpha Natural Resources narrows Q3 loss

US coal producer Alpha Natural Resources has narrowed its net loss for the third-quarter to $185-million, or $0.84 a share, compared with a net loss of $458-million, or $2.07 a share, in the comparable quarter of 2013, when it booked a $253-million goodwill impairment charge. Excluding special... 

Goldcorp stock falls on Q3 earnings miss

The NYSE-listed stock of miner Goldcorp on Thursday fell 10% after the world’s largest gold producer by market capitalisation swung to a net loss for the three months ended September 30. Vancouver-based Goldcorp had a loss for the third quarter of $44-million, or $0.05 a share, compared with net... 

Agnico Eagle posts Q3 loss, lifts 2015 guidance

Canadian miner Agnico Eagle experienced a third-quarter net loss of $15.1-million, or $0.07 a share, impacted by a non-cash foreign currency translation loss on deferred tax liabilities of $11.3-million and other special items. Excluding special items, the Toronto-based miner on Wednesday... 

Augusta acquisition adds to Hudbay’s Q3 profit

Canadian base metals producer Hudbay Minerals has generated a profit of $49.2-million, or $0.22 a share, for the three months ended September 30, up from $3-million for the same period in 2013, boosted by gains related to the C$555-million acquisition of Augusta Resource Corp in July. Hudbay... 

Sherritt International posts Q3 loss, cuts into workforce

TSX-listed nickel and cobalt producer Sherritt International will cut its salaried workforce by 10%, excluding employees at its Ambatovy nickel and cobalt mine, in Madagascar, as part of its company-wide restructuring process. Sherritt, which had started a process to sell its Toronto head-office... 

Barrick Gold reports narrower Q3 profit on lower sales, prices

The world’s largest gold producer by output, Barrick Gold, experienced narrower net earnings for the quarter ended September 30, as lower gold and copper sales, as well as lower realised prices impacted on its performance. The Toronto-based miner, with operations in North and South America,... 

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