News

The Pogo gold mine in Alaska is on its way to becoming Northern Star Resources’ flagship operation after strong resource growth (reports MiningNews).

The Pogo gold mine in Alaska is on its way to becoming Northern Star Resources’ flagship operation after strong resource growth (reports MiningNews). Resources at Pogo jumped 43% to 5.95 million ounces at 9.6 grams per tonne gold, the largest resource in the project's history. Northern Star also declared a maiden reserve for Pogo of 1.5Moz at 7.5gpt gold. The growth in Pogo's resource drove a 31% jump in group resources to 20.8Moz, after depletion of 915,000oz and 1.9Moz shifted to unclassified and removed at the Kalgoorlie operations.

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Northern Star says the performance of its Pogo mine in Alaska is improving but there is still a long way to go before mining operations there run as well as its Australian assets (reports The Australian Financial Review)

Northern Star says the performance of its Pogo mine in Alaska is improving but there is still a long way to go before mining operations there run as well as its Australian assets (reports The Australian Financial Review). Bill Beament-led Northern Star welcomed a 33 per cent improvement in sales from Pogo to 48,009 ounces in the June quarter compared with the previous three months and lower costs, but said there was still work to do to get the mine up to speed with the Jundee and Kalgoorlie operations in Australia.

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1st August 2019

Saracen Mineral Holdings has outlined a plan that will see it produce 400,000 ounces of gold per annum for at least seven years (reports MiningNews).

Saracen Mineral Holdings has outlined a plan that will see it produce 400,000 ounces of gold per annum for at least seven years (reports MiningNews). The company's record FY19 exploration spend of A$50 million has resulted in it declaring record reserves of 3.3 million ounces of gold, up 32% from this time last year even after depletion of 330,000oz. The discovery cost per reserve ounce was $30. Resources were up 7% to a record 9.2Moz.

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The new field season in WA’s Paterson province has brought fresh exploration impetus, with Rio firing up 11 rigs

The new field season in WA’s Paterson province has brought fresh exploration impetus, with Rio firing up 11 rigs while nearby juniors Sipa and Antipa are planning holes of their own. Plus, Sandfire-backed White Rock offers investors two projects for the price of one. Exploration in Western Australia’s remote Paterson province is heating up as was expected following Rio Tinto’s belated confirmation in February that its Winu copper-gold discovery was indeed something special.

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Rare earths and potash returned to the winner’s circle this week as the first whiff of a correction wafted across the gold and iron ore sectors

Rare earths and potash returned to the winner’s circle this week as the first whiff of a correction wafted across the gold and iron ore sectors, while two industry leaders, BHP and Rio Tinto, paid a heavy price for annoying their supporters. On a “follow-the-money” basis, it was hard to overlook the flow of funds into two emerging rare earth companies, Arafura and Northern Minerals, which attracted $30 million and $23.2 million respectively to advance their projects.

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Saracen Mineral Holdings boss Raleigh Finlayson insists the mid-tier gold miner is not resting on its laurels

  Saracen Mineral Holdings boss Raleigh Finlayson insists the mid-tier gold miner is not resting on its laurels despite enjoying a record-high Australian dollar price for the precious metal (reports The West Australian). Speaking to reporters and analysts after the company released its June quarter report yesterday, Mr Finlayson said Saracen always planned for the worst and hoped for the best. “We’re trying to plan our business around the basis that we don’t expect these record highs to remain,” he said.

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Stunning resource growth at the King of the Hills project to 3.1 million ounces makes 100%-owner Red 5

Stunning resource growth at the King of the Hills project to 3.1 million ounces makes 100%-owner Red 5 an obvious nomination for MiningNews’ Explorer of the Year Award (reports MiningNews). Red 5 acquired King of the Hills (KOTH), sitting on a rich trend of deposits between Leonora and Leinster, in a A$16 million cash and scrip deal with Saracen Minerals in October 2017. It was originally mined as an open pit between 1985 and 2004, producing a total of 1.65Moz in a much lower gold price environment.

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Plus, Liontown morphing into lithium city as new research report says the hot stock is just warming up

It is wrong to think that it has been a case of total gloom and doom for lithium equities since January. The sector is down by 50%-plus on fears of over-supply well in to the 2020s and operational shortcomings at the newer operations. It has not mattered that one by one, the world’s biggest auto groups have been pinning their futures to the electric vehicle revolution. In a global market in which two million EV units were sold last year, VW reckons it will do five million units itself in 2025. Same with Toyota, and others have been chiming in.

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RRS Summer Series 2019 - Sydney Conference

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