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.
Pilbara Minerals has delivered a record 95,972 tonnes of spodumene concentrate in the June quarter from its Pilgangoora lithium-tantalum project in Western Australia.
Fortescue Metals Group has broken iron ore shipment records for the June quarter and 2020-21 financial year off the back of bullish demand.
BHP has proposed a $C325 million ($351 million) takeover offer to Noront Resources following a previous bid by Andrew Forrest’s Wyloo Metals.
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.
Poseidon Nickel has outlined in a definitive feasibility study that its Windarra tailings project in Western Australia could produce up to 55,200 ounces of gold in under four years.
OZ Minerals has increased its copper production by 22 per cent following strong performance at its Prominent Hill and Carrapateena copper-gold mines in South Australia.