Analytics

  • Atalaya Mining Reports Significant Drop in Q1 Profit Amid Production Decline

    BY Staff Writer
    Atalaya Mining reported a substantial decrease in profit for the first quarter ended March 31, following a decline in production. The Spain-focused sustainable copper producer saw pretax profit fall 84% to EUR 2.1 million from EUR 13.6 million a year earlier. Revenue also decreased by 23% to EUR 69.9 million from EUR 91.2 million. During...
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  • KGHM to Update Strategy by End of Q3, Continues Investment Plans Despite Delays

    BY Staff Writer
    Listed copper producer KGHM plans to update its group strategy by the end of the third quarter, as confirmed by CEO Andrzej Szydlo during a press conference. “The projections for the end of the third quarter in terms of updating the strategy are still valid,” Szydlo reiterated. Addressing potential acquisitions of photovoltaic (PV) farms this...
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  • Karora Reports Record Revenue and Strong Cash Flow for Q1 2024

    BY Lara Browne
    Karora Resources announced its financial and operating results for the first quarter of 2024, highlighting record revenue and strong cash flow. The company reported quarterly revenue of $115.5 million, a 19% increase from the same period in 2023, driven by higher gold sales and favorable gold prices. Operating cash flow for the quarter was $42.6...
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  • K92 Mining Reports Strong Q1 Growth and Progress in Expansions

    BY Staff Writer
    K92 Mining has released its financial and operational results for the first quarter ended March 31, 2024, showcasing substantial growth and operational advancements. The company reported a 39% increase in gold equivalent production, achieving 27,462 ounces, and processed a record amount of ore, indicating robust operational capabilities. Financially, K92 remains in a strong position with...
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  • Galiano Gold Reports First Quarter 2024 Results and Completes Acquisition

    BY Lara Browne
    Galiano Gold has announced its first quarter 2024 operating and financial results, marking a significant period of transformation for the company. Galiano completed the acquisition of Gold Fields Limited’s 45% interest in the Asanko Gold Mine (AGM), located in Ghana, on March 4, 2024. This strategic move consolidates Galiano’s ownership, making it a dominant stakeholder...
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  • Polymetal International Reports Stable Q1 2024 Production with Financial Growth

    BY Sophia Schmitz
    Polymetal International has announced its production results for the first quarter of 2024, which concluded on March 31st. The company has managed to align its production with the set guidance and anticipates an increase in sales in the upcoming quarters, according to Group CEO Vitaly Nesis. Highlights from Q1 2024 include: The safety record remained...
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  • Novelis Reports Fourth Quarter and Full Fiscal Year 2024 Financial Results

    BY Sophia Schmitz
    Novelis, a global leader in aluminum rolling and recycling, announced its financial results for the fourth quarter and the entire fiscal year 2024. Despite challenging market conditions, the company saw a significant increase in key financial metrics, driven by strategic investments and a focus on sustainable practices. Fourth Quarter Fiscal Year 2024 Highlights: Full Fiscal...
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  • Weekly Metals News Digest – April 29-May 3

    BY Staff Writer
    Strategic Maneuvers in the Global Nickel Market: US and Philippines Eye Reduction in Chinese Dominance Countering China’s Nickel Dominance The US and the Philippines are reportedly in talks to strategize against China’s leading position in the nickel market of Southeast Asia, aiming to lessen the reliance of electric car battery manufacturers on Chinese supply. A...
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  • Sumitomo Corp Reports Net Profit Drop Amid Losses, Outlines Future Strategy

    BY John Davis
    Japanese trading house Sumitomo Corp has reported a net profit of 386.4 billion yen (approximately $2.5 billion) for the fiscal year ending March, marking a 31.7% decline from the previous year and falling short of analysts’ estimates of 504.9 billion yen. This shortfall was largely due to one-time losses totaling 150 billion yen, including a...
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  • Capstone Copper Reports Q1 2024 Results

    BY John Davis
    Capstone Copper has announced its financial results for the first quarter of 2024. The company reported copper production totaling 42,121 tonnes, with C1 cash costs of $2.88 per payable pound of copper produced. The company’s CEO, John MacKenzie, highlighted the strong start to the year, with the company’s Mantoverde mine poised for full production. Key...
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