Major miners braced to weather coronavirus, but cash-poor minnows in peril
Gold miners are well placed to weather the downturn, but those in energy and battery materials will struggle.
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Lockdown to cut Gold Fields’ South Deep output
Company expects to lose 32,000 ounces of production.
Amplats targets $211 million in savings to offset lockdown losses
The company has suffered a 7% drop in first-quarter output of platinum group metals.
Sibanye-Stillwater pulls 2020 outlook, to resume South African ops
The firm said it would resume gold and platinum operations in South Africa in the next two weeks.
MMG copper output sinks on Peru force majeure
Production declined 20% in Q1 due mainly to disruptions at its Las Bambas mine in Peru.
Royal Road inks deal with informal miners in Colombia
The Jersey-based company is working towards formalizing La Esmeralda gold mine, an informal gold operation in the Nariño district.
Canada’s Riverside gets new drill permit in Mexico
The company is conducting an exploration campaign at its Los Cuarentas gold project in Sonora.
De Beers axes production forecast amid market collapse
As many other diamond miners, De Beers is trying to weather a shutdown of the global supply chain.
Anglo American to cut capex, costs due to coronavirus impact
Anglo's exposure to South Africa, which accounts for about half of its profits, has forced the company to cut spending and reduce costs.