Capricorn Metals executive chairman Heath Hellewell believes the company’s planned 100,000 ounce per annum Bibra project could be one of the last large open pit gold mines developed in Western Australia (reports MiningNews).
Plus, rising prices for battery metals boost Panoramic’s campaign to re-start mothballed Savannah
The gold producers have a lost a bit of their shine in recent weeks as a result of the gold price sinking below $US1,300/oz for the first time this year because of US dollar strength and an easing of geo-political tensions.
The price fall in local dollar terms is close enough to $50/oz. On an annual basis, that amounts to a revenue hit of some $450 million, something which might or might not prove to be the case, depending on where gold prices go from here.