MINING.COM

Yamana Increases Mineral Reserves by 11%

YAMANA GOLD INC. (TSX:YRI)(NYSE:AUY)(LSE:YAU) ("Yamana" or "The Company") today announced its mineral reserves and resources for the year ended December 31, 2011. The Company's total gold equivalent ounces(1)(GEO) in the proven and probable mineral reserves category increased by 2.0 million ounces to 18.6 million ounces, which represents an 11% increase over the previous year. Total measured and indicated resources were replaced and inferred GEO mineral resources increased by 39% to over 10 million ounces. The increases are net of 2011 depletion due to production of 1.1 million GEO.

Marketwire - Mining and Metals | February 22, 2012 | 9:43 pm

Company growth feeds human growth: junior secures key phosphate deposit in Brazil

Brazil, now the envy of debt-ridden nations, is scrambling to strengthen its control over domestic food production. This move became a matter of national security as the country saw 2008’s increased fertilizer prices threaten its agricultural sector.

Prospecting Journal | February 22, 2012 | 8:43 pm

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China further entrenched in Africa with Minmetals’ Anvil acquisition

In what is being regarded as the first major African mining play by a Chinese company, China Minmetals succeeded Friday in closing its $1.3 billion bid for copper miner Anvil Mining.

Andrew Topf | February 21, 2012 | 7:01 am

Avanco Resources to double copper gold resource through acquisition from Xstrata

Brazilian copper developer Avanco Resources (ASX:AVB) said today that it would double the company’s copper gold resources through the acquisition of the Pedra Branca Copper-Gold Project in Brazil's Carajas Mineral Province from Xstrata Copper.

Cecilia Jamasmie | February 20, 2012 | 1:42 pm

Record high gold prices fail to curb global demand

Despite a volatile year for gold prices in 2011, demand for the precious metal still remained strong.

Wall St. Cheat Sheet | February 18, 2012 | 9:22 pm

Teras Continues to Expand Gold and Silver Mineralization at Its Cahuilla Project

Teras Resources Inc. ("Teras" or the "Company") (TSX VENTURE:TRA): is pleased to announce the receipt of additional assay results from its reverse circulation drill program at the Cahuilla gold-silver project in Imperial County, California.

Marketwire - Mining and Metals | February 16, 2012 | 2:01 pm

Barrick Gold’s profit growth lower than expected

Barrick Gold Corp. (TSX:ABX), the world’s biggest gold miner, announced that profit slipped in the fourth quarter as the company booked US$153-million in various after-tax charges tied to redundant power assets and its investment portfolio.

Cecilia Jamasmie | February 16, 2012 | 11:41 am

Despite losses, Kinross hikes dividend by a third

Kinross Gold (TSX:K) lost $2.78 billion in the fourth quarter, having been forced to writedown the value of its Tasiast project in Africa.

Andrew Topf | February 16, 2012 | 12:50 am

Takeovers the Path to Golden Returns: Sascha Opel

Sascha Opel, publisher of one of Germany’s most popular commodity newsletters, looks at the economy with rose-colored glasses. He sees the end […]

The Gold Report | February 15, 2012 | 11:50 pm

Goldcorp achieves record revenues and cash flow; gold reserves increase for eighth consecutive year

Goldcorp reported fourth quarter gold production of 687,900 ounces at a total cash cost of $261 per ounce, leading to record revenues of $1.5 billion and operating cash flows before working capital changes of $831 million.

CNW Telbec | Mining/Metals | February 15, 2012 | 11:00 pm