Drilling services provider Geodrill has announced strong financial results for the first quarter of 2022, during which it generated a record revenue of US$33.4 million – a 9% increase on the same period in 2021. The TSX-listed firm also delivered record net income of $6 million...
West African mining services firm Geodrill has released its financial results for the three and 12 months ending December 2021, which included a 40% year-on-year revenue increase to US$115.2 million for the year. The TSX company also increased net income to $14.1 million or $0.31 per share,...
Newcrest Mining boss Sandeep Biswas has attributed the firm’s strong 2021 financial performance to high gold and copper prices, along with its low all-in sustaining costs of production. Australia's largest gold producer released its latest annual financial results today, with total revenue rising by 17% to...
BHP has given the green light for the development of the Jansen Stage 1 potash project in the Canadian province of Saskatchewan, in a move that it says will align the company with ‘future facing commodities in world class assets’. The long-awaited decision paves the way...
Glencore has announced it will halt production at a major cobalt mine in the Democratic Republic of Congo (DRC) after the commodities giant reported its weakest profits in three years for the first half of 2019. The decision to shutter the Mutanda project for two years...
Anglo American has confirmed it will raise its dividend payout by 27% for the six months to June after reporting a 19% jump in core earnings for the first half of 2019. The UK-based mining giant also declared a bonus return for its shareholders via a...
Anglo American announced its 2017 financial results which revealed that the miner reduced its net debt by 47%, putting itself in a position to deliver its biggest dividend in a decade. Net debt fell to US$4.5 billion last year, well below the London-listed firm’s target of...
BP (LSE:BP) latest financial results have exceeded analyst expectations, despite the British oil major taking a hefty hit on an unsuccessful project in Angola. Profits on a replacement cost basis fell by 5% during the second quarter of 2017 to US$684 million, from $720 million in...
Glencore (LSE:GLEN) has joined fellow mining giants BHP Billiton (NYSE:BHP) and Vedanta Resources (LSE:VED) in announcing profitable financial results for 2016 this week. Core earnings at Glencore rose by 18% to US$10.3 billion in 2016 after commodity prices experienced a slight rebound over the year. Net income...
BHP Billiton (NYSE:BHP) and Vedanta Resources (LSE:VED) have both reported profitable results in their latest respective financial reports, reflecting an optimistic turn in the international mining community. BHP, the largest mining firm in the world, returned to net profit for the first half of the 2016-17...