Canadian miner Mandalay Resources (TSX: MND, MND.WT) announced today that scheduled shipment of concentrate for February from the Cerro Bayo silver-gold mine in Chile has been delayed due to increasing public protests in the south of that country.
Colombia’s President, Juan Manuel Santos, announced yesterday that the country will be issuing a new mining code to boost the industry and reinforce control of illegal mining.
Gold's recent move higher to within sight of $1,800 an ounce for the first time since September is tracking that of oil which is trading at a nine-month high on tensions between the West and Iran. Gold futures have gained $185/oz so far this year.
According to a recent report generated by the Ontario Ministry of Tourism and Culture, the Prospectors and Developers Association of Canada's (PDAC) Convention contributed nearly $72 million to Toronto's economy in 2011.
Thousands of workers at Freeport-McMoRan Copper & Gold Inc's (NYSE:FCX) Indonesia unit stopped working on Thursday following an unsettled ongoing dispute with the organization, reports Reuters.
Despite unbeat quarter with 29% increase in revenues, Yamana also took a $81 million non-cash impairment loss on investments in available-for-sale securities recorded in the quarter.
On Tuesday, the Dow Jones Industrial Average briefly climbed above 13,000, its highest level since May 2008. Many rejoiced at the psychological milestone as the index has nearly doubled from March 2009 lows.