Ivanhoe Mines (TSX:IVN,OTCQX:IVPAF) today announced its financial results for the third quarter ended September 30, 2016. All figures are in US dollars unless otherwise stated.
TORONTO, ONTARIO–(Marketwired – Aug. 12, 2016) – Ivanhoe Mines (TSX:IVN) today announced its financial results for the second quarter ended June 30, 2016. All figures are in US dollars unless otherwise stated.
On August 11, 2016, Ivanhoe Mines announced what could prove to be Africa’s most significant copper discovery at Kakula,
Ivanhoe Mines (TSX:IVN) has released results of a preliminary economic assessment for the company’s Kipushi zinc-copper mine in the Democratic Republic of Congo. Ivanhoe is looking to redevelop Kipushi as an underground mine.
As quoted in the press release:
Highlights of the PEA include:
After-tax net present value (NPV) at an 8% real
Reuters reported that China’s major zinc smelters said Friday that they will cut output by 500,000 tonnes in 2016. That’s almost one-fifth of their output, and the same amount Glencore plc (LSE:GLEN) recently said it will take off the market.
The company is looking at suspensions that could take 400,000 tonnes of zinc concentrate off the market.
In the latest zinc news, MMG has released an updated development plan for its Queenland-based Dugald River zinc mine. It is expected to come online in 2018.
MMG has come forward to say that it will decide during 2015’s third quarter how to develop its Dugald River project. The company is hoping the mine will be able to replace output from its Century mine, which is set to close this year.
Trevali Mining Corporation (TSX:TV) announced its financial results for 2014, which included a net loss of $7 million or $0.03 per share. The company noted that this is partially due to a non-recurring loss upon the disposal of a subsidiary incurred during the yea and highlighted the Santander mine’s operations
There’s been a lot of optimism about zinc prices lately, but according to Mining Markets, BMO Capital Markets recently came forward with a more conservative outlook.
Many analysts believe that zinc will shake off 2013’s lackluster prices and thrive in 2014.
Some analysts believe zinc prices will nearly double in the coming years; others think they will stay flat. Which camp is correct?
The zinc market needs higher prices, a prominent analyst believes, but producers are battling an ever-softening market.
Trevali Mining Corporation (TSX:TV,OTCQX:TREVF,LMA:TV,FWB:4TI) received in-principle approval from RMB Resources (the resource financing division of the FirstRand Group of South Africa) for $30 million of funding for the Company’s $60-million senior debt and prepaid precious metals facility in New Brunswick.
Chesapeake Gold Corp. (TSXV:CKG) announced the status of the pre-feasibility study its 100% owned Metates project Durango State, Mexico, which is expected to be released in its entirety in early 2013.
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