Esmarie Swanepoel

Gold production drops for Beadell in June quarter

Gold junior Beadell Resources has reported a drop in gold production during the June quarter, compared with the previous quarter, as rainfall affected the company’s Tucano operations, in Brazil. During the three months to June, gold production...

Robust tells shareholders to take no action on Stanhill offer

The directors of ASX-listed Robust Resources have implored shareholders to take no action regarding an increased takeover bid from Stanhill Capital Partners Holdings, after the firm reported that it had acquired a 19.9% interest in the metals...

Exterra PFS proves up at Second Fortune

A prefeasibility study (PFS) into ASX-listed junior Exterra Resources’ Second Fortune underground mine, at the Linden gold project in Western Australia, has proven positive. The PFS estimates that the mine could produce about 56 6000 oz of gold...

Atlas eyes up to A$80m/y in cost savings

Iron-ore miner Atlas Iron is targeting production of 13-million tonnes during the 2015 financial year, MD Ken Brinsden said on Thursday, also revealing that the company would undertake a cost-cutting initiative to save between A$50-million and...

Norton increases gold production in second quarter

ASX-listed gold miner Norton Gold Fields has reported an increased gold production during the three months ended June, with the miner producing 42 324 oz of gold. This was up from the 38 600 oz of gold produced in the previous quarter.

Newcrest warns of up A$2.5bn asset impairment

Gold major Newcrest Mining on Thursday warned of a possible combined asset impairment of between A$1.5-billion and A$2.5-billion at its Lihir, Telfer and Bonikro assets during the full year ended June. This was in addition to the A$47-million...

Hillgrove gets approval for Kanmantoo extension

The South Australian government has approved copper miner Hillgrove Resources’ mine-life extension at its flagship Kanmantoo copper project. The miner said on Thursday that the Department of State Development had approved the programme for...

Thudelarra raises cash for exploration

Minerals explorer Thundelarra would raise some A$7.5-million through a share placement to institutional, professional and sophisticated investors, the ASX-listed junior said on Thursday. The company would issue more than 39.4-million shares, at...

Straits sets copper output records in 2014

Copper miner Straits Resources reported record production of 26 422 t during the year ended June 30. The Tritton copper mine, in New South Wales, exceeded its production expectations of 26 000 t for the full year, Straits said on Thursday.

Paladin refinances Namibia mine as it wraps up minority sale

Uranium miner Paladin Energy has finalised the sale of a minority interest in its Langer Heinrich operation, in Namibia, and is now using the money to refinance the project’s finance facility. Paladin has sold a 25% stake in the uranium project...