Acacia Mining’s Q4 output down on Tanzania export ban
The London-listed miner said production in three months to Dec fell 30 pct to 148,477 oz. compared with a year ago and 22 pct from the previous quarter.
The consideration now consists of an initial payment to AuRico of C$65 million on closing, comprised of C$55 million in cash and C$10 million in Crocodile Gold common shares.
In this exclusive interview with The Gold Report, Senior Analyst Jocelyn August discusses looming events in a select group of natural resource stocks that are expected to move as information flows out.
Just as it looked as if Europe's biggest mining project may be approaching the finish line after a dozen years of opposition and delays Romania's prime minister designate pulls the rug from under its promoter Gabriel Resources.
Gold miners were caught in an ugly slide in the S&P/TSX Composite Index today, which shed 215 points in reaction to another poor economic report coming out of the US.
Capital spending by the largest gold producers is increasing at a faster pace than earnings for a second straight year as the industry’s biggest mining projects are beset by delays and surging labour costs.
Pretium Resources, a gold junior developing the Brucejack and Snowfield properties in British Columbia, today raised $70 million through a share offering.
Indonesia has decided to have its mining cake and eat it too, as the country, one of the world’s largest exporters of copper and coal, will start imposing a 20% tax on mining exports beginning next week.
Gold producer Randgold Resources (LON:RRS, NASDAQ:GOLD) posted today strong results for its first quarter output and profits despite the political turmoil in Mali, from where it extract two-thirds of its gold output.