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Henry Lazenby

Henry Lazenby

Henry Lazenby is Creamer Media Deputy Editor: North America for Mining Weekly.

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

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

 

Eldorado to sell Chinese mine

29th April 2016 Having previously Eldorado stated that it was mulling the sale of its Chinese assets, dual-listed Eldorado Gold this week announced that it would sell its 82% interest in the Jinfeng mine to China National Gold Group, for $300-million in cash. China National Gold had been the company’s minority... 

Agnico Eagle soars on strong Q1 financials

29th April 2016 Canadian gold producer Agnico Eagle Mines has recorded a 9.21% bump in its NYSE-listed stock price on Friday, testing new 12-month highs of $47.33 a share after reporting strong first-quarter earnings. For the three months ended March 31, the Toronto-headquartered miner had reported adjusted net... 

Hudbay stock on the move as sales, cash flows rise

29th April 2016 The TSX-listed stock of base metals producer Hudbay Minerals jumped as much as 17% on Friday to C$6.22 a share, following the company reporting strong sales growth despite lower metals prices during the March quarter. The Toronto-based miner, with operations in Peru and Canada’s Manitoba... 

‘Quiet’ quarter prompts more cautious outlook for Cameco

29th April 2016 Canadian uranium producer Cameco has reported a “very quiet” first quarter during which it swung to an adjusted loss of C$7-million, or C$0.02 a share, compared with earnings of C$69-million, or C$0.18 a share a year earlier. For the three months ended March 31, revenues fell 28% year-over-year... 

Chile data paints mixed picture for economy

29th April 2016 Economic data published on Friday painted a mixed picture for Chile's economy, the world's No 1 copper producer, as factory output and copper production jumped while retail sales remained soft and the national jobless rate rose. "This is data that reflects the complexities faced by the economy... 

First Quantum swings to Q1 profit as production rises

28th April 2016 Canadian base metals producer First Quantum Minerals has swung to a first-quarter profit as strong production at all its continuing operations underpinned rising revenues. Net earnings from continuing operations attributable to TSX- and LSE-listed First Quantum shareholders was $49-million in the... 

Cliffs rallies as strong Q1 performance sees it back in the black

28th April 2016 The largest US iron-ore producer Cliffs Natural Resources rallied as much as 35% to $5.38 a share on the NYSE on Thursday, after swinging to a first-quarter profit amid sustained market improvement. For the three months ended March 31, Cliffs recorded net income attributable to Cliffs' common... 

Centerra’s Bishkek office raided by Kyrgyz general prosecutor

28th April 2016 Canadian miner Centerra Gold on Thursday reported a raid of its Kyrgyz subsidiary Kumtor Gold Company’s (KGC’s) Bishkek office on Thursday afternoon by the country’s general prosecutor. The General Prosecutor’s Office (GPO) had issued a press release stating that the purpose of the search was to... 

Despite Otjikoto slope failure, B2Gold gold output on course for another record year

28th April 2016 Canadian gold producer B2Gold has exceeded its first-quarter production guidance by 8 966 oz of gold, for company-wide output of 127 844 oz of the yellow metal, an increase of 10% over the same period in 2015. Despite a slope failure on the pit access ramp at the Otjikoto mine, in Namibia, on... 

Coeur trading at 12-month highs on narrower Q1 loss

28th April 2016 On the back of stronger precious metals prices so far this year, as well as improved first-quarter financials, the NYSE-listed stock of Coeur Mining has risen to a new 12-month high at $7.68 apiece. In the period ended March 31, the miner reported fourth-quarter headline earnings – excluding... 

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