Century says Peru workers back at work

Striking mine workers at Century Mining's San Juan gold miner in Peru have returned to work and operations have resumed, the company reported on Monday. Century said on February 2 that union members employed by the mine had downed tools, but that...

Capital Gold reports increased production at Mexico mine

Amex- and TSX-listed Capital Gold produced 12 496 oz of gold in the three months ended January 31 - its fiscal second quarter – from the El Chanate mine, in Mexico. Importantly, monthly output rose from 3 429 oz in November to 5 236 oz in...

Economic woes of the PIGS could boost gold – Randgold Resources

The economic woes of the economies of Portugal, Italy, Greece and Spain (PIGS) could boost gold, Randgold Resources CEO Dr Mark Bristow tells Mining Weekly Online. London-listed Randgold Resources on Monday reported an outstanding set of...

Randgold lifts FY profit to $84m, output rises

LSE- and Nasdaq-listed Randgold Resources on Monday reported a 79% increase in net profit to $84,3-million in the year ended December 31, 2009, compared with a net profit of $47-million the year before. Attributable gold output rose 14% to 488...

Underground blasting imminent at President Steyn – Harmony Gold

A resumption of underground blasting was imminent at the newly acquired President Steyn mine where 800 people had already been re-employed, Harmony Gold CEO Graham Briggs said on Monday. Briggs told Mining Weekly Online, in a video interview on...

Harmony posts Q2 profit, output drops 1,2%

JSE-listed Harmony Gold on Monday reported a 1,2% drop in production to 371 956 oz in the three months ended December 31, 2009, compared with the 376 599 oz produced in the September quarter. Gold output for the six months ended December 31,...

Gold Fields to cut another 50 MW – CEO

The instruction has gone out - the Gold Fields team must cut the large gold-mining company's electricity consumption by another 50MW. The JSE-listed Gold Fields is out to repeat its 10% or 50MW cut that it made between 2008 and the end of 2009....

Gold Fields has lower net debt, $1bn headroom – CFO

Gold Fields, which has a $1-billion financial headroom, boasts a net debt position that is lower than that of most gold majors, says Gold Fields CFO Paul Schmidt, who points out that Gold Fields ratio of net debt to earnings before interest, tax,...