Global gold production is edging higher as demand in the June quarter bounced back to levels seen last year following an increase in consumer investment, World Gold Council’s (WGC’s) latest trends report has revealed.
Fortescue Metals Group has broken iron ore shipment records for the June quarter and 2020-21 financial year off the back of bullish demand.
Celsius Resources has received high-grade copper-gold assays from its second drill hole at the MCB copper-gold project in the Philippines.
IGO has exceeded its production target at the Nova nickel-copper-cobalt operation in Western Australia off the back of stronger metals prices.
Gold Road Resources all-in sustaining cost has risen to $1659 per ounce in the June quarter after facing processing plant issues at the Gruyere gold mine in Western Australia.
Rio Tinto has pledged $US2.4 billion ($3.2 billion) to develop the Jadar lithium-borates operation in Serbia, a project that it says will transform the company into the largest supplier of lithium in Europe.
Lynas Rare Earths has achieved $185.9 million in sales revenue after strong demand for the company’s neodymium and praseodymium (NdPr) oxide during the June quarter of 2021. Read more
Rio Tinto has approved a $US108 million ($146 million) investment to explore the prospect of underground mining at the Kennecott copper operations in the United States.
Newmont has increased gold production during the June quarter thanks in part to higher grades and throughput at the Boddington mine in Western Australia.
Red 5 has grown its underground resource at the King of the Hills gold project in Western Australia with a 19 per cent increase that could help to extend the site’s 4.5-year mine life.