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Kirkland Lake’s strong Q1 results boosted by Detour
Kirkland Lake Gold announced on Wednesday results for the first quarter of 2020 with strong year-over-year growth in net earnings and record levels of gold sales. The company reported production of 330,864 ounces, a 43% increase from 231,879 ounces in Q1 2029 and 18%...
Yamana forecasts 31% increase in Jacobina output
Yamana Gold said on Wednesday that the Phase 2 expansion of its Jacobina mine in Brazil could lead to significant increases in production and cash flow generation, reaffirming the mine as a “low-cost and long-life asset.” The Phase 2 expansion project builds on the...
China aluminum dances to its own beat as LME stumbles
A robust recovery in aluminum demand in China has boosted prices in the world’s top consumer and producer of the metal by more than 10% in a month, but traders say weak demand for Chinese exports could soon take the shine off the market. Shanghai Futures Exchange’s...
Freeport-McMoRan to cut molybdenum production at Colorado mine
Freeport-McMoRan Inc is cutting molybdenum production at a key Colorado mine by half and “plans to reassess” operations at a New Mexico copper mine that has been temporarily shuttered due to covid-19, a spokeswoman said. The steps come after Phoenix-based Freeport,...