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Donna Slater

Donna Slater

Donna Slater is a Creamer Media Staff Writer and Photographer for Engineering News and Mining Weekly.

Tel: +2711 622 3744

Email: newsdesk@engineeringnews.co.za

Kinross second-quarter revenue hits $1bn

30th July 2020 TSX-listed senior gold miner Kinross Gold has reported a 20% increase in its second quarter revenue to $1-billion, compared with the $837.8-million during the same period in 2019. Kinross, which owns mines in the US, Brazil, Chile, Ghana, Mauritania and Russia, produced 571 978 oz during the... 

Copper Mountain exceeds revised operating plan during second quarter

30th July 2020 TSX- and ASX-listed Copper Mountain Mining has exceeded its revised operating plan announced on March 10, with second quarter production of 23.9-million pounds of copper equivalent, comprising of 18.1-million pounds of copper, 7 499 oz of gold and 86 126 oz of silver. The copper miner also... 

Covid-19 takes a toll on first-half gold demand, production

30th July 2020 Global gold authority, the World Gold Council (WGC), reports that gold demand fell by 6% year-on-year to 2 076 t in the first half of this year. The most prevalent impact on demand and production was the international spread of the Covid-19 pandemic, severely curtailing consumer demand while... 

Slow steel recovery sets stage for difficult second half, says coal miner Arch

29th July 2020 NYSE-listed coal miner Arch Resources (Arch) has reported a net loss of $49.3-million, or $3.26 a diluted share for the three months ended June 30, compared with net income of $62.8-million, or $3.53a diluted share in the corresponding period. Arch reported negative adjusted earnings before... 

First Quantum records second-quarter loss

29th July 2020 TSX-listed copper miner First Quantum Minerals has reported a comparative second-quarter loss of $84-million, or $0.12 a share, compared with earnings of $87-million a year earlier. The company’s net loss increased to $156-million in the three months ended June, from net earnings of $78-million... 

Alamos commences construction of La Yaqui Grande project

29th July 2020 Canada-based intermediate gold producer Alamos Gold will proceed with the construction of its fully-permitted La Yaqui Grande project, in Sonora, Mexico, in the second half of 2020. Alamos recently conducted an internal economic study on the project, which points to it having a yearly production... 

Alrosa partners with US retailer to launch responsibly-created jewellery collection

28th July 2020 Responsibly sourced fine jewellery retailer Brilliant Earth has partnered with diamond producer Alrosa’s social initiative Diamonds That Care, to unveil a new limited-edition jewellery collection. The Brilliant Earth and Diamonds That Care exclusive collection will be available from July 28 to... 

Nexa Resources appoints ABB for automation systems

28th July 2020 Electronics, automation and robotics company ABB is partnering with zinc, copper and lead miner Nexa Resources in a digital transformation programme to modernise existing mining and smelting process installations in Brazil and Peru. Aligned with Nexa’s directive automation and information master... 

Fresnillo reports rise in profitability, despite Covid-19 impact

28th July 2020 Higher gold and silver prices, along with higher volumes of zinc and lead sold, contributed in a 5.3% year-on-year increase in Mexico-based precious metal miner Fresnillo's revenue to $1.12-billion for the six months ended June 30. The miner has declared an interim dividend of $16.9-million,... 

Ariana Resources’ 2019 full-year profit increases threefold

28th July 2020 Turkey-based gold exploration and development company Ariana Resources’ profit after tax grew threefold in the year ended December 31, 2019, to £6.9-million, compared with the £2.2-million reported for 2018. The miner attributes the increase primarily to the “excellent operational performance”... 

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