MINING.COM

Net income rises 57 percent for Barrick Gold

Barrick Gold reported on Thursday that net income in the fourth quarter was up 57% to US$947 million or 95 cents a share, a record result for the world's-largest gold miner. In the same quarter in 2009, Barrick reported US$604 million net income or 61 cents a share. The company produced 1.7 million ounces of gold at a total cash cost of $486 per ounce. Gold production in 2011 is expected to be similar to 2010.

Michael Allan McCrae | February 17, 2011 | 6:31 pm

Crystallex files for arbitration over gold project in Venezuela

Crystallex International Corporation has filed a request for arbitration against the government of Venezuela, and is seeking over US$3.8 billion in damages over a revoked mine contract.

MINING.com Editor | February 17, 2011 | 5:43 pm

Declining ore grades keep Yanacocha gold output down

Newmont/Buenaventura major Peruvian gold mine, Yanacocha, saw 2010 gold sales well below 2009 due to declining grades, but higher gold price compensates LIMA

Mineweb | February 17, 2011 | 8:11 am

Obama Administration calls for 5% royalty on gross proceeds of mines

The Obama Administration has called for a hardrock mining royalty and a new hardrock AML fee, along with other fees and tax […]

Mineweb | February 16, 2011 | 5:46 pm

Ventana supports revised EBX bid; Severstal cuts ties with Sacre-Coeur

Vancouver’s junior mining sector was abuzz with merger and acquisition activity Monday morning while gold prices edged upward on the Toronto Stock […]

MINING.com Editor | February 14, 2011 | 8:27 pm