Aquarius posts $9,5m profit, output drops sharply

Midtier platinum-miner Aquarius Platinum posted a net profit in the September quarter, despite production falling by almost 25% as a result of industrial action and mine closures. The company, which owns mines in South Africa and Zimbabwe, boosted first-quarter profit to $9,5-million, from a loss of $21,5-million a year earlier, when sales adjustments caused by [...]

Troy Resources defers mine closure

Stronger gold prices in recent months have caused Troy Resources to defer the closure of the Sandstone gold mine for ten months. Located in Western Australia, the open cut mine produces around 600,000 tonnes of ore a year and was scheduled to close in February this year. [ad] However, Troy Resources has now revealed that [...]