Posts by Mineweb:

On track to meet 185,000 gold output target – Oz Minerals

Australian copper and gold miner Oz Minerals said on Thursday it is on track to achieve its forecast gold output of more than 185,000 ounces despite a 23 percent drop in first-quarter output. "While total gold production was lower this quarter, higher grades expected in the second and third quarters are expected to see production achieve forecast levels for the year of 185,000+ oz of gold," the company said in its quarterly production report.
Mineweb | April 14, 2011 | 8:50 am

Osisko Mining pours first gold at Malartic

Osisko Mining (TSX: OSK) poured its first gold at the Canadian Malartic open-pit gold mine in Quebec on Wednesday, April 13, 2011. The act ushered in not only one of Canada's newest miners, but one of its largest, with production at Malartic planned to hit 600,000 ounces gold a year, over a 12-year mine life.
Mineweb | April 13, 2011 | 10:18 pm

Gold price scenarios for 2011 – Murenbeeld

Each year, Dr Murenbeeld chooses this event to present his views and forecasts for gold for the year ahead, and over the years he has proved to be one of the most accurate forecasters out there - but with three scenarios - cautious, middle and optimistic - he usually comes close with one or more of these - but he does give weighted likelihoods for each of his prediction scenarios.
Mineweb | April 13, 2011 | 1:12 pm
excavator mining digging

Aquarius Platinum to pay $109.7m for 74% of Afarak Platinum

Aquarius Platinum (AQP.L: Quote), the world's fourth-largest primary platinum producer, said it would buy 74 percent of Afarak Platinum for $109.7 million to build up its reserves of the precious metal and cash in on rising prices. Spot platinum prices XPT= gained over 20 percent in 2010 and are expected to continue rising this year as risk aversion and low interest rates boost their allure.
Mineweb | April 13, 2011 | 9:35 am

Novel call for Jewelers to assist Japan’s earthquake and tsunami victims

An organisation operating out of Dillon in Nevada has been formed as "Jewelers for Japan" to raise funds for the thousands of victims in Japan and it is asking jewelers and consumers to donate scrap gold and silver jewellery in lieu of cash. The refiner Rio Grande in Albuquerque, New Mexico will refine the gold and silver scrap without a fee with all proceeds going directly to the American Red Cross.
Mineweb | April 13, 2011 | 9:22 am
mexico map flag mining

Fresnillo says Q1 silver dipped but gold production at record

Fresnillo Plc (FRES.L: Quote), the world's largest primary silver producer, said silver output declined in the first quarter, although gold production rose to a record. The Mexican precious metals miner (FRES.MX: Quote) said silver production fell 2.2 percent to 10.1 million ounces, including output from the Silverstream agreement, on lower ore grades at the Fresnillo mine.
Mineweb | April 13, 2011 | 9:13 am
exploration mining geologist

SEC delays adoption of new conflict mineral regulations

The U.S. Securities and Exchange Commission (SEC) has postponed the adoption of rules governing sourcing of minerals from conflict areas around Central Africa, the SEC said on its website. The regulation, aimed at cutting the flow of money to armed rebels in the Democratic Republic of Congo and neighbouring countries, is part of the Dodd-Frank financial reform bill. The rules were expected to be adopted in April.
Mineweb | April 13, 2011 | 9:13 am

Whitehaven Coal says bid process nearing conclusion

Australian coal miner Whitehaven Coal said a formal process to find a bidder for the company was nearing a conclusion and interested parties have completed due diligence. Whitehaven said on Wednesday it was in was in talks with the parties to decide which proposal, if any, would be recommended by its board
Mineweb | April 13, 2011 | 8:49 am

TDS says gold will trade materially above $1,600/oz in 2H11

TD Securities Head of Commodity Strategy, Bart Melek Monday predicted "gold will trade materially above the $1,500/oz mark sometime in the second half of 2011." "Despite recent strength and record prices, TDS analysis points to more upside for gold into 2011," Melek advised.
Mineweb | April 12, 2011 | 6:26 am