MINING.COM

Newmont slides after taking $1.6 billion Arctic hit

Shares in Newmont Mining was down 2.7% on Friday after the company announced a $1.6 billion charge after mothballing its Hope Bay project in northern Canada.

Frik Els | February 24, 2012 | 7:15 pm

Canadian Mandalay Resources delays shipments to Chile due to ongoing protests

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.

Cecilia Jamasmie | February 24, 2012 | 3:07 pm

No more first come, first served for granting mining concessions in Colombia

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.

Cecilia Jamasmie | February 24, 2012 | 2:43 pm

New Saskatchewan gold dig gets green light

The Saskatchewan government has given approval for Golden Band Resources Inc. to open its Golden Heart gold mine in northern Saskatchewan.

Andrew Topf | February 24, 2012 | 12:44 pm

Gold price comes roaring back as Iran sabre-rattling intensifies

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.

Frik Els | February 23, 2012 | 7:34 pm

Coeur d’Alene back in black with $1-billion in metals sales

Coeur d'Alene Mines Corp. broke production and sales records in 2011.

Andrew Topf | February 23, 2012 | 7:09 pm

Prospectors and Developers Association of Canada’s convention pumps $72 million into Toronto economy

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.

Marketwire - Mining and Metals | February 23, 2012 | 5:50 pm

Thousands strike again at Freeport’s mine in Indonesia

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.

Cecilia Jamasmie | February 23, 2012 | 3:09 pm

Yamana books $81 million impairment loss

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.

MINING.COM Staff Writer | February 23, 2012 | 6:35 am

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