Lumina grows its Cangrejos project in Ecuador

Eike Batista could be forced to restructure his EBX Group, Reuters reports. Could AUX go to market?

"The decline is feeding on itself."

The rise of steel through the ages.

Months long strikes end after union negotiates 13% wage increases.

Most obvious measures include abandoning non-essential exploration work, postponing hires and focusing on core-business operations.

Locals are forming squads of ronderos.

Additional "significant" impairment charges on other assets such as goodwill.

The company says it is working to remedy the situation.

"We are pleased to have AuRico Gold as a partner and investor."