Greenland Minerals says it is focused on rare earths, not uranium

Operators dragging their feet on production cuts.

From 6-8 September in Perth, WA.

Some of the biggest names in mining and resources will share their knowledge and experience with delegates at the 2017 International Mining […]

For the three months to June 30, silver production totalled 14.5 million ounces, a 12% rise from last year, while gold output was 223,000 ounces, up 2.7% from a year earlier.

It now expects adjusted earnings per share to come in at $5, significantly higher than the $3.75 it had forecast just three months ago and almost doubled the $2.90 it had originally projected for the year.

Shareholders hadn’t received dividends since 2015, when iron ore fell below $40 a tonne amid a global crash in commodity prices.

Labour disputes earlier in the year caused delays in the building of a new plant in its Cullinan mine in South Africa.

Shares collapsed on the news to close almost 21% lower in London. Barrick, which has a 64% stake in Acacia, also fell in both Toronto and New York.

The Aikhal division accounted for more than a third of the company’s total output in the period, having extracted 6.9-million carats of rough diamonds – a 26% year-on-year increase.