MINING.COM

Newmont sees earnings dive on dismal output

Newmont Mining's (NEM) second quarter earnings plunged 28% compared to the same period last year on reduced gold and copper output.

Marc Howe | July 26, 2012 | 11:55 pm

Argus Metals drops 44% on the day

Reports that assays contained "interesting enrichment in certain rare earth elements" and that gold mineralization was not tested in the area, were not enough to deter investors from dumping the stock – which traded at 17 times the normal volume.

Joshua Zapf | July 26, 2012 | 8:19 pm

Barrick’s Donlin move cuts Novagold stock off at the knees. Novagold says it’s ‘encouraged’, Paulson not so much

NovaGold lost over 25% on Thursday, after Barrick said that the Donlin JV with Novagold doesn't meet its investment criteria. Novagold tried to make the best of the news, but shareholder John Paulson suffered another blow to his $21 billion fund.

Frik Els | July 26, 2012 | 8:10 pm

US Silver investors welcome hostile Hecla with open arms

US Silver responded today by saying it's studying the offer and for now the much lower valued RX Gold & Silver deal stays in place.

Frik Els | July 26, 2012 | 7:04 pm

Net income down? Agnico-Eagle isn’t worried

Despite a drop in net income, from $68.9 million last Q2 to this year's $43.4, the miner saw an increase in revenue, gold production and, as a result, a pleasant 8.5% rise in stock price.

Joshua Zapf | July 26, 2012 | 6:52 pm

Goldcorp’s 2012 second quarter results

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.

Joshua Zapf | July 26, 2012 | 5:42 pm

Barrick misses expectations and delays Pascua-Lama

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.

Cecilia Jamasmie | July 26, 2012 | 12:42 pm

PanTerra Gold pours first gold/silver dore in DR using new recovery process

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.

Marc Howe | July 26, 2012 | 8:07 am

All that wealth and now somewhere to put it

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.

Joshua Zapf | July 26, 2012 | 7:27 am

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