AGP Executive Report
Last update: 8 hours agoQuarterly Results: OceanaGold reported 133,400 ounces of gold and 3,400 tonnes of copper in Q3, with $155 million in free cash flow and full-year guidance intact. Fortuna also remains on track for its annual target, reporting $90.8 million in quarterly free cash flow. Allied Gold began production at its Kurmuk mine in Ethiopia. Copper Investment: Freeport approved a $4.5 billion expansion of Arizona’s Bagdad mine, expected to more than double mining and milling rates and lift annual copper output above 400 million pounds. Project Development: Aureka secured a seven-year licence to revive Victoria’s historic Comstock gold-silver mine, while India approved a $297 million incentive plan to expand lithium and nickel processing. Mining and Communities: Kenya’s proposed rare-earth and niobium mining at Mrima Hill is drawing concern from farmers and elders over land, livelihoods and ancestral sites. In Pakistan, Sindh says coal royalties will support Thar communities, though residents cite poor services and environmental harm. Operational Pressures: Sherritt plans to temporarily lay off 280 Canadian workers as it works to restart refining operations; Peabody is budgeting up to $17 million for longwall changes to address geological problems at its Centurion coal mine.
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