Kirkland Lake Gold’s Aussie operation breaks production record

The Chinese firm has plans to substantially expand gold production.

Government has sent additional police forces to watch over the protestors, as previous manifestations have turned violent in the past.

Reforms include proposal to potentially double mining royalties to 4%.

Gold investors are worried that Fed chairman Ben Bernanke could announce on Wednesday that the Fed will start tapering off its quantitative easing program.

The average annual salary is about $97,500, not so far from the global average of about $98,700.

The new round of demonstrations come after a top official for the Conga project, CEO Roque Benavides of Buenaventura, said water from one of the main water sources for locals, would be transferred to a reservoir later this year.

"If the industry was still growing robustly the pressure to raise taxes and regulation would have been stronger."

Unfortunately the optimism does not extend to mining services stocks.

It's the Democratic Republic of Congo gold miner's last week in TSX-S&P Composite index.