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St Barbara Minerals released their December quarterly report this week, with disappointing results. Consolidated gold production was down from 63,700oz in the September quarter to 60,976oz. The Leonora operations saw a reduction of gold production from 34,078oz last quarter to 32,175oz. The December quarter from the year before produced 16,462oz more gold than this quarter. …
12 Months of Mining Recap
A lot has happened in 2022 so we’ve compiled some of this year’s biggest mining news: January Rio Tinto expects the introduction of battery-electric powered trains in the Pilbara will help them halve their emissions by 2030. They hope the trial will pave the way for its entire fleet of 220 diesel locomotives to go …
What you missed in the news this week
St Barbara and Genesis Minerals have announced their merger to create Hoover House, St Barbara will acquire 100% of the shares in Genesis. Genesis shareholders will own 41% of Hoover House, with St Barbara shareholders owning 38%. Hoover House will have a production target of over 300,000oz of gold per annum. St Barbara chair, Tim …
What You Missed in the News This Week
IGO’s Nova Mine will cease operations for several weeks after a fire started in the diesel engine room. No one was injured in the fire, but the West Australian mine safety authorises have launched an investigation into the incident. The mine is located in the Fraser Range, 160km east of Norseman. IGO’s acting chief executive, …
What You Missed In The News This Week
St Barbara’s share price plummeted to a 7 year low, dropping 35.18% after they released their quarterly report on Tuesday. The shares dropped from $0.68AUD to just $0.46AUD. Production was down almost 26% and costs up 34.8% from last quarter. Currently it costs St Barbara $4/oz more to produce gold than they receive from selling …
St Barbara Mines Aquire Lake Wells Tenements
Gold miner St Barbara Mines has acquired a 70% interest in the tenements comprising of Australia Potash Limited’s Lake Wells Gold Project in the Northern Goldfields of Western Australia. As released to the market today, St Barbara and Australia Potash have now formed an unincorporated Joint Venture to continue the exploration, development and mining of mineral resources on the project. Under the …
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Morning News Bites – August 24
In Today’s Morning News Bites for August 24. Fortescue Metals report 49% increase in net profit to a record $US4.7bn. QLD reports one new COVID-19 case overnight. Liberal call for branch clean-out. Fortescue Metals report strong results from FY20, exceeding production guidance with 178.2 million shipments of iron ore for the full year. Costs remain low: C1 …
Morning News Bites – Jul 29
Rio Tinto is set to release it’s half-year profits after market close today, CIMIC Group are in advance talks for a potential sale of a 50% stake in Thiess and the banks instructed to reduce dividends. St Barbara release its Q4 and FY20 report, indicating an increase in gold production from the previous financial year …
