Crisis is rocking Latin America. Peru is an island of uneasy calm

Prices are expected to remain above $100 a tonne, but "the extra supply will make prices less volatile and unlikely to repeat spikes seen previously".

On the plus side for miners, costs will also go down.

But he refused to comment on the potential impacts of the report.

The paramount figure is roughly equivalent to the GDP of Ireland, the Czech Republic or Beijing.

The Communications Security Establishment Canada, or CSEC, is said to have tracked all of the ministry’s communications.

Cajamarca’s governor also said Newmont’s local partner has made no progress in terms of gaining support from surrounding communities.

Infinito Gold says six months of negotiations over confiscated mine have failed, will take case to international court.

Measured and indicated pit constrained mineral resources now stand at 5.1 million ounces of gold, up almost 10% from a previous estimate.

Acquisition comes a day after Linc said it wants to get de-listed from the Australian market to re-list it in Singapore, in hopes of luring Asian investors.