Abra Mining Appoints Administrators Amid Operational Challenges: A Path Forward

Submitted by Tajha Pritchard on

Abra Mining has enlisted administrators, appointing Richard Tucker and Robert Hutson of KordaMentha.

The company, jointly owned by Galena Mining (60%) and CBH Western Australia (40%), is responsible for managing the Abra base metals mine located in the Gascoyne region of WA.

Previously, Abra faced challenges with ramping up mining rates, maintaining mined grade, and contending with recent rainfall events that hindered the transportation of crucial supplies and concentrate haulage.

Westgold's Q3 FY24 Production Report: Strategic Growth Amid Operational Challenges

Submitted by Tajha Pritchard on

Westgold has released its preliminary production figures for the third quarter of the 2023–24 financial year (Q3, FY24).

During this period, Westgold's operations yielded a total of 52,100 ounces of gold, with an average gold price of $3137 per ounce.

Despite facing challenges such as operational pauses and adverse weather conditions at Paddy’s Flat underground, a component of the Meekatharra operation in Western Australia, the gold miner managed to increase its cash and bullion reserves by $9 million. This brings the company's total to $247 million for the quarter.

Rain Challenges and Resilience: Updates on Gruyere Joint Venture Operations

Submitted by Tajha Pritchard on

Gold Road Resources has provided an update on the continued rain impacts affecting the Gruyere joint venture, shared with Gold Fields.

In early March, the gold miner bravely persevered through adverse weather, processing stockpiles at the site despite enduring six months’ worth of rain in less than two weeks.

However, recent developments have brought further challenges. Between March 19–28, the region experienced another bout of “significant and atypical” rainfall, impacting access roads to Gruyere.

Bellevue Gold Strikes High-Grade Ore Vein at Deacon Deposit, Surpassing Estimates

Submitted by Tajha Pritchard on

Bellevue Gold has uncovered a vein of ore at its Deacon deposit in Western Australia, boasting exceptionally high grades that surpass initial resource estimates. This discovery echoes the characteristics of other high-grade pyrrhotite-bearing deposits historically mined nearby at the Bellevue load.

Regis Resources' Duketon Gold Mine Steadies Amidst Rainfall Challenges, Tropicana Ventures Face Production Pressure

Submitted by Tajha Pritchard on

Despite significant rainfall affecting Regis Resources’ Duketon gold mine, the mine has maintained its projected production for the 2023–24 financial year (FY24).

The Duketon area, along with Laverton, has experienced more than 110mm of rain in March, leading to the temporary closure of roads in the Laverton Shire surrounding the mine.

Regis’ Tropicana joint venture also felt the impact of heavy rainfall, with over 310mm falling over a three-day period.

Exploring Acquisition Opportunities: Ramelius Resources in Exclusive Talks with Karora Resources

Submitted by Tajha Pritchard on

Ramelius Resources is currently engaged in exclusive talks with Karora Resources regarding a potential acquisition deal.

Initial reports on these discussions surfaced in The Australian Financial Review (AFR), indicating Ramelius' willingness to invest between $700 million and $1 billion for the acquisition.

Ramelius has refrained from confirming the mentioned amount, stating that valuation discussions are still ongoing, and no definitive agreement has been reached yet.

Empowering Women in Mining: Celebrating International Women's Day in the Mining Services

Submitted by Tajha Pritchard on

Today, on International Women's Day, we celebrate the incredible contributions of women across all industries, including the mining sector. From exploration to operations and beyond, women play vital roles in shaping the future of mining services worldwide.

Their dedication, expertise, and leadership are invaluable assets that drive innovation, sustainability, and diversity within the industry. We honor the women who break barriers, challenge stereotypes, and inspire positive change in mining services, paving the way for a more inclusive and equitable future.

Successful Inaugural Gold Pour: Brightstar Resources' Milestone Achievement at Menzies Gold Project

Submitted by Tajha Pritchard on

The initial gold bars have been successfully extracted from ore processing activities conducted at Brightstar Resources' Menzies gold project in Western Australia.

Situated on the western edge of the Menzies greenstone belt, approximately 130km north of Kalgoorlie, the Menzies gold project is a significant location for exploration.

Unveiling BHP's Copper Discoveries: Oak Dam Exploration

Submitted by Tajha Pritchard on

BHP's exploration program at its Oak Dam copper deposit has uncovered significant high-grade copper reserves located deep beneath the Olympic Dam ore body, with some grades surpassing two percent.

Situated 65km southeast of the Olympic Dam mine in South Australia, the Oak Dam deposit adds to the region's rich resources, which include copper, gold, and uranium.

Newmont's Strategic Moves: Divestments, Acquisitions, and Future Prospects

Submitted by Tajha Pritchard on

Newmont has announced its intention to divest six gold mines and two gold projects, with two of the projects located in Western Australia.

The mines set for divestment include Éléonore, Musselwhite, and Porcupine in Canada, the Cripple Creek and Victor mine in the US, the Akyem mine in Ghana, and the Telfer mine in Western Australia, the latter being acquired from Newcrest in November of last year.