MINING.COM

Investors have nowhere left to hide and will start running to silver and gold: Sprott

Eric Sprott says the negative interest rate policy (NIRP) in Europe—the rate bonds pay out for favoured countries like France and Germany—will eventually sour investors and turn them to hard assets like gold and silver.

Michael Allan McCrae | August 23, 2012 | 6:02 am

Gold Fields to miss production target, reviews portfolio

Gold Fields (NYSE:GFI), the fourth-biggest bullion producer, said it will fail to reach its predicted output target of 3.5 million ounces for 2012 and that it is revising its operations to increase the delivery of profits rather than ounces of the precious metal.

MINING.COM Staff Writer | August 23, 2012 | 5:45 am

Meet the Israeli middleman said to have ‘stripped and flipped’ First Quantum’s DRC mine

Gertler, 38, used his relationship with DRC president Joseph Kabila and Kabila's now late adviser Augustin Katumba Mwanke to bag mining projects "by stripping from others if necessary, only to sell them on at great profit."

Frik Els | August 22, 2012 | 6:32 pm

Thank the Libor probe for silver’s two month high

Silver may be a “poor man’s gold,” but investors who have stuck to it are finally cashing in on some dividends as the precious metal rose to $29.09 per ounce – 3.5% up on last week's close.

Cecilia Jamasmie | August 22, 2012 | 1:51 pm

BHP ditches Olympic Dam as profit tumbles

The world's number one miner, BHP Billiton, has delayed its $30 billion Olympic Dam copper-uranium expansion and said no major projects would be approved until June 2013 as it tries cutting costs.

Cecilia Jamasmie | August 22, 2012 | 12:59 pm

ATAC Resources gets a 9.38% lift after announcing 42.93 m intersects showing 18.44 g/t gold

ATAC Resources (CVE:ATC) was up 9.38% to $2.80 after announcing drill results at its Rackla Gold project in the Yukon showing gold intersects of 42.93 m of 18.44 g/t.

Michael Allan McCrae | August 22, 2012 | 5:24 am

Something ‘evil and bearish’ comes this way: Richard Russell

Financial newsletter icon Richard Russell says that the action in the markets doesn't feel right, and a shoe is about to drop.

Michael Allan McCrae | August 22, 2012 | 5:02 am

Mistrust fuels continued gold demand

At a time when complex financial instruments allow for the seemingly effective hedging of all manner of risks, why should precious metals, which involve considerable downside risk, continue to be attractive?

John Browne - Euro Pacific Capital | August 22, 2012 | 4:44 am

BHP boss bucks bonus

Marius Kloppers, CEO of mining giant BHP Billiton, has decided to waive his annual bonus in light of a recent forecast in which BHP's revenues are projected to drop 38%

Joshua Zapf | August 21, 2012 | 10:46 pm

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More than 20 Philippine mines pass govt review, 4 fail — official

Newmont sells stake in Yanacocha gold mine to Japan’s Sumitomo for $48 million

Yukon junior adds to its gold and silver mineral resources

RANKED: Countries where publicly-traded miners operate

Russia dumps treasuries for gold in pivot after sanctions scare

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