Copper hotspots identified in northern Australia

The company announced today that it plans to exit Papua New Guinea following receipt of a formal notice that the licence renewal for its non-core Kili Teke property was denied.

It has been an interesting week on the economic stimulus front with what looks like a co-ordinated effort by the major powers to ignite their respective economies.

The Globe and Mail looks at the mystery of a plane chartered by Barrick Gold that crashed into the Iskut River in 1996. The pilot perished and 16,600 pounds of gold condensate was lost. Condensate is not gold bars but still valuable. Barrick Gold has refused to speculate on the approximate value of the plane's cargo.

Osisko Mining Corporation reported that its second quarter gold production totaled a record 92,003 ounces from its flagship Canadian Malartic Mine. Year to date, Canadian Malartic has produced a total of 183,181 ounces of gold.

Peruvian police detained former Roman Catholic priest Marco Arana, the leader of the protests against Newmont Mining, yesterday evening. The situation has only worsened since the government declared a state of emergency.

Visual Capitalist has put together an infographic explaining why the silver state of Nevada seems now to be the home of the largest gold rush ever experienced in US history.

Gold production in the country – the world's top miner of the metal – appears to be slowing and at the current rate output is set to fall below the 341 tonnes mined in 2010.

In short QE3 would great, but no QE3 will be disastrous. Perhaps today's move down is a sign gold traders are beginning to price in disappointment.

Pan American Silver is warning its shareholders that if the reform of mining law in Argentina's Chubut Province is approved, the company will have to declare its Navidad Project "uneconomic."