Kinross Gold Corporation (TSX:K)(NYSE:KGC) today provided its preliminary operating results for the full-year 2011 and outlook for 2012, and announced a project optimization process to improve capital allocation, project sequencing, and investment returns.
The market for iron ore is likely to soften this year but industry leaders Rio Tinto and BHP Billiton are not pulling in production, betting that the slowdown in steelmaking is temporary.
Mercator Minerals (TSE:ML) rose 5.5% today after announcing record production from its Mineral Park Mine in Arizona.
Last week witnessed a tit-for-tat press release exchange between $11M market cap TNR Gold [TNR – TSX.V] and $549M market cap Minera Andes [MAI – TSX] over a hotly contested Argentinian copper property known as the Los Azules.
The country hopes the new platform will help strengthen its pricing power and wrest control from Vale, BHP Billiton and Rio Tinto, which between them control three quarters of global seaborne ore supplies.
AuRico Gold Inc. (TSX:AUQ) (NYSE:AUQ), ("AuRico", "AuRico Gold" or "the Company") announces preliminary results for the fourth quarter. During the fourth quarter the Company completed the acquisition of Northgate Minerals Corporation ("Northgate"), which included the exciting Young-Davidson mine located in the prolific Abitibi gold belt in Northern Ontario. Young-Davidson remains on schedule to begin production at the end of March 2012 and is currently designed to ramp up to over 200,000 ounces of annual production by 2015. The Company is also well positioned for production growth from its mines in Mexico.
AFP reports about 500 protesters blocked a coal train line in Mozambique in a dispute with Vale over housing.
Reuters reports the London Metal Exchange has been approached by several potential bidders and will consider takeover proposals in late February according to its CEO. The LME handles some 80% of global trade in metals futures and a takeover will help the the 134-year old trading floor to compete against rapidly-expanding Asian metal trading hubs.
Crosshair Energy Corp. (TSX:CXX)(NYSE Amex:CXZ) ("Crosshair") is pleased to announce the results of the initial independent National Instrument (NI) 43-101 Mineral Resource estimate on the Juniper Ridge Project, in southern Wyoming. The estimate includes a total indicated resource of 5.2 million pounds of uranium oxide, using a grade thickness (GT) cut-off of 0.1 %-ft (see Table 1 for tonnage and grade details).
First Majestic Silver Corp. ("First Majestic" or the "Company") (TSX:FR)(NYSE:AG)(FRANKFURT:FMV) is pleased to announce the Company's fourth quarter and full year 2011 production results.