OZ Minerals says soaring coronavirus cases could have a material impact on its Brazilian copper operations, with the miner flagging the loss of output amid the “deteriorating” situation in the pandemic-wracked nation (reports The Australian). OZ Minerals on Thursday maintained its annual production guidance of 120,000 to 145,000 tonnes of copper output for the year.

Genesis Minerals is raising A$11 million via a placement and share purchase plan as it works towards a final investment decision for its Ulysses gold project by the end of the year (reports MiningNews). The company received firm commitments for a placement of 166.7 million shares to raise $10 million. Major shareholder Alkane Resources will subscribe for up to $2.1 million worth of shares to maintain its 19.8% stake, subject to shareholder approval. The issue price is 6c per share, a 4.8% discount to the last closing price.