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- Lynas is looking at Brazilian projects
Lynas is looking at Brazilian projects
Peabody's fight with Anglo heats up
The Pre-Start
B2Gold produced 193koz gold in the quarter and closed with US$330m cash after repaying US$400m debt (BTO.TO) Estimated cash spend required to first production at Goose is C$1.5B
Ivanhoe’s mining crews have driven underground development into the Flatreef orebody as the mine advances to commercial production later this year (IVN.TO)
Lundin Gold hit 7.95m at 73g/t gold from 67.6m at its Fruta del Norte mine (LUG.TO) separately they generated free cash flow of US$171m in the quarter from 117koz gold production
Mandalay’s cash notched US$5m higher in the quarter from lower production at its mines, including Costerfield (MND.TO)
OceanaGold produced 117.4koz gold at an AISC of US$1,796 per ounce in the quarter, free cash flow of US$69m sees its net cash balance hit US$228m (OGC.TO)
MP Materials reported Q1 results including record NdPr production of 563t, c. 12.2kt REO production, while cash & equivalents reduced to ~US$198m (MP.NY)
Franco Nevada reported record Q1 results including ~US$368m revenue, ~US$289m operating cashflow and ~US$206m net income benefitting strongly from elevated gold prices (FNV.TO)
Osisko Royalties revenue was $59m in the quarter from 19,014 gold equivalent ounces sold (OR.TO)
Tesoro Gold executed a non-binding MoU with Tecnocap to progress electricity supply solutions in support of a potential development of its El Zorro gold project (TSO)
Jameson Resources updated on its Crown Mountain hard coking coal project BFS (JAL)
Alcoa named Thomas Gorman as its Board Chairman (AAI)
IGO MD Ivan Vella purchased ~$160k stock on-market (IGO), Northern Star NED John Fitzgerald sold ~$460k stock (NST)
Samuel Terry AM increased their stake in Minerals 260 to ~7.4% (MI6)
High Grade It
The Guinean government will revoke bauxite miner EGA's licence over alumina refinery row (Reuters)
Rio Tinto’s rock waste from mothballed Mt Cattlin lithium mine to be transformed by third-party contractor (West)
De Beers to shut down lab-grown diamond brand Lightbox (Reuters) guess this is how the De Beers divestment is going for Anglo…
A nickel plant in Indonesia has restarted production after a deadly landslide in March (Bloomberg)
BYD and Tsingshan scrap plans for Chile lithium plants (Reuters)
SolGold is working on options to start production at its Cascabel project three or four years ahead of previous plans (Bloomberg)
Orica battles explosives shortage as war in Ukraine strains global supply (AFR)
Gold boom sees 834 clamour for 70 jobs at Raleigh Finlayson’s Genesis Minerals (West)
C’mon, join the geos, geotechs and exploration pros that leverage Datarock’s platform today
Wheelin’ n Dealin’
Peabody halts $5B capital raise to buy Anglo American’s QLD coal mines (AFR) not sure the full picture is being painted accurately here…
Lynas CEO says company is eyeing rare earths buys in Malaysia, Brazil (Reuters) “Yes there are deposits in Brazil. Yes we are looking at them”
Ivanhoe Electric subsidiary, Cordoba to sell its remaining 50% stake in Alacran copper project in for US$100m or ~C$1.52/sh to JCHX (CDB.V, IE.TO) plus up to $28mfurther in copper price linked contingent payments
Catalyst provided further details on its acquisition of the Old Highway gold project from Sandfire (CYL)
Rattlin’ the Tin
Word on the Decline
It’s over 200 days since EGA’s GAC bauxite mine was shut down by Guinea’s military junta government. And now it looks like they’re about to be frog-marched out of the country.
Is this a shot across the bow for the Simandou participants that they’d better not put a foot out of line?
Do you have some Word on the Decline? Reply to this email or shoot a message to [email protected] directly. We will always take your privacy seriously.
In the Weeds
Rhodium: is it the most expensive element on earth? (YouTube) excellent 20-minute intro video to the metal
Could the US coal industry make a comeback? (FT) “The power source may be finding a second wind amid swelling demand for electricity”
Bouganville Copper’s AGM chair address makes for an interesting read for those who with interest or nostalgia (BOC)
FIFO workers’ issues with Aussie mine sites exposed (West)
Copper stocks lagging red metal’s strong price, fuelling M&A talk (Livewire)
Trump, tacos and takeovers: the big themes at the Macquarie Conference (Capital Brief)
Today’s Top Tweet
You can’t make this up
— litquidity (@litcapital)
4:10 PM • May 8, 2025
Devil’s in the Detail
Petition to stop using screenshots from Microsoft Word text boxes in ASX announcements?
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