GoGold hits high grades at Los Ricos South

While the miner produced a record amount of iron ore, turmoil in currency and commodity markets overshadowed any production gains.

Value of low-grade ore stockpile at the Peñasquito mine dropped, raising average costs by $64/oz. and negatively affecting adjusted earnings by $0.04/share.

Analysts say only a business-friendly appointment followed by credible action to strengthen the fiscal accounts and control inflation would reassure markets.

It grants the world's No.1 copper miner an injection of US$4 billion for the next four years.

The country's ultimate purpose is to extract rare earth elements, breaking China's dominance and pushing prices down.

Midtier producers will soon be desperate to buy low-cost, high-quality deposits.

Members of the World Gold Council spent last year a total of $47 billion in countries hosting their mining operations.

Once again Cutifani delivers — freight from Minas-Rio leaves for China by year-end and within the latest estimated budget.

The world’s biggest miner unveiled details about how it expects to meet cost-reduction and productivity improvement targets.