The company reported a 20% drop in its adjusted Q2 earnings due in part, says Goldcorps CEO, to the operating problems at its Penasquito and Red Lake projects.
Barrick Gold, the world's largest producer of the precious metal, reported higher-than-expected operating costs and a massive capital cost over-runs on Thursday in its first quarterly report since letting go CEO Aaron Regent in June.
PanTerra Gold Limited (ASX:PGI) has announced it has poured its first gold/silver dore at its Las Lagunas project in the Dominican Republic using world-first technology.
Located somewhere under 'a building within the international airport compound' in Hong Kong, Malca-Amit's vault is designed to hold 1,000 tonnes of gold – roughly 22% of the gold bullion currently at Fort Knox.
Australian exploration and mining firms are readying themselves for forays into Myanmar following the end of decades of military rule earlier this year and the country's opening up to foreign investment.
An Australian mining businessman facing the prospect of five years in an Indonesian prison has warned others of the perils of doing business in the South-east Asian giant, saying he 'got caught like a spider in a web.'
Release of a pre-feasibility study for Wafi-Golpu in Papua New Guinea is expected any day now and punters hope drilling results that put the deposit into the same league as Freeport-McMoran’s Grasberg mine across the border in West Papua, Indonesia are confirmed.
FTSE 100 miner, copper giant Antofagasta PLC (LON:ANTO) announced Tuesday it had appointed Diego Hernandez, the former head of state miner Codelco, a move qualified by insiders as “a goal” for the London-listed Chilean miner.
Gold scaled the $1,600 an ounce level for the first time in three weeks on Wednesday as investors, worried about cheap money flooding markets and debasing the US dollar, turn to gold as an inflation hedge.