MINING.COM

Gold Fields to miss production target, reviews portfolio

Gold Fields (NYSE:GFI), the fourth-biggest bullion producer, said it will fail to reach its predicted output target of 3.5 million ounces for 2012 and that it is revising its operations to increase the delivery of profits rather than ounces of the precious metal.

MINING.COM Staff Writer | August 23, 2012 | 5:45 am

Meet the Israeli middleman said to have ‘stripped and flipped’ First Quantum’s DRC mine

Gertler, 38, used his relationship with DRC president Joseph Kabila and Kabila's now late adviser Augustin Katumba Mwanke to bag mining projects "by stripping from others if necessary, only to sell them on at great profit."

Frik Els | August 22, 2012 | 6:32 pm

Thank the Libor probe for silver’s two month high

Silver may be a “poor man’s gold,” but investors who have stuck to it are finally cashing in on some dividends as the precious metal rose to $29.09 per ounce – 3.5% up on last week's close.

Cecilia Jamasmie | August 22, 2012 | 1:51 pm

BHP ditches Olympic Dam as profit tumbles

The world's number one miner, BHP Billiton, has delayed its $30 billion Olympic Dam copper-uranium expansion and said no major projects would be approved until June 2013 as it tries cutting costs.

Cecilia Jamasmie | August 22, 2012 | 12:59 pm

ATAC Resources gets a 9.38% lift after announcing 42.93 m intersects showing 18.44 g/t gold

ATAC Resources (CVE:ATC) was up 9.38% to $2.80 after announcing drill results at its Rackla Gold project in the Yukon showing gold intersects of 42.93 m of 18.44 g/t.

Michael Allan McCrae | August 22, 2012 | 5:24 am

Something ‘evil and bearish’ comes this way: Richard Russell

Financial newsletter icon Richard Russell says that the action in the markets doesn't feel right, and a shoe is about to drop.

Michael Allan McCrae | August 22, 2012 | 5:02 am

Mistrust fuels continued gold demand

At a time when complex financial instruments allow for the seemingly effective hedging of all manner of risks, why should precious metals, which involve considerable downside risk, continue to be attractive?

John Browne - Euro Pacific Capital | August 22, 2012 | 4:44 am

BHP boss bucks bonus

Marius Kloppers, CEO of mining giant BHP Billiton, has decided to waive his annual bonus in light of a recent forecast in which BHP's revenues are projected to drop 38%

Joshua Zapf | August 21, 2012 | 10:46 pm

Harper pushes for regulatory regime certainty, and rides ATV

Mine reviews need clearly defined timelines, timelier reviews, reduced regulatory burdens and less duplication during assessment, said Prime Minister Stephen Harper during a tour of the Minto Mine in the Yukon on Tuesday.

Michael Allan McCrae | August 21, 2012 | 9:09 pm

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Gold Fields to miss production target, reviews portfolio

Meet the Israeli middleman said to have ‘stripped and flipped’ First Quantum’s DRC mine

Thank the Libor probe for silver’s two month high

BHP ditches Olympic Dam as profit tumbles

ATAC Resources gets a 9.38% lift after announcing 42.93 m intersects showing 18.44 g/t gold

Something ‘evil and bearish’ comes this way: Richard Russell

Mistrust fuels continued gold demand

BHP boss bucks bonus

Harper pushes for regulatory regime certainty, and rides ATV

Gold

Intraday

1 Week

1 Month

6 Months

1 Year

5 Years

Historical

Silver

USD/ozt

Platinum

USD/ozt

Palladium

USD/ozt

Iridium

USD/ozt

Rhodium

USD/ozt

Ruthenium

USD/ozt

Sign Up for the Mining News Digest

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