Yamana not planning to buy or sell mines

Toronto-based Yamana Gold will focus on optimising its mines and moving projects through the pipeline, rather than acquiring new assets, CEO Peter Marrone reiterated on Wednesday. He said the only acquisitions that would be considered are what he...

Farallon starts sniffing at acquisition prospects

Vancouver-based Farallon Mining believes now is the right time to start looking around for companies or assets that would fit with the firm's objective of building a multi-mine, mid-tier company, says CEO Dick Whittington. Farallon achieved...

Yamana Q3 adjusted earnings rise

Canada's Yamana Gold on Tuesday reported net income of $60,8-million for the third quarter, down from $150,2-million a year earlier, when the company recorded a large unrealised gain on commodity derivatives. However, stripping out some once-off...

Kinross expects decision by year-end on new mill for Paracatu

Canada's Kinross Gold expects to make a decision by the end of the year on installing extra grinding capacity at its Paracatu operation, where it has run into difficulties ramping up an expansion project. The company is working on a scoping...

11 fired after protest at San Jose mine

Production has resumed at the San Jose mine, in Argentina's Santa Cruz province, after workers called a truce with the company, although 11 people have been fired. The San Jose gold/silver deposit belongs to Minera Santa Cruz, in which Hochschild...

Penoles third-quarter net profit drops 45%

Mexican miner Penoles posted a third-quarter net profit of 496 million pesos ($37 million) on Wednesday, a 45 percent drop compared with the year-ago period, in part due to lower copper products production. Penoles reported net sales of 12,13...

Kinross lowers output forecast on slower ramp-up at Paracatu

Toronto-based Kinross Gold has trimmed its production guidance for 2009, to about 2,2-million ounces of gold-equivalent, compared with a previous forecast of between 2,3-million and 2,4-million ounces. It has also hiked its cost guidance to...

Greystar Resources plans secondary listing in Colombia

Vancouver-based Greystar Resources has advisers for a plan to list its shares on the Registro Nacional de Valores y Emisores, as well as on the the Bolsa de Valores de Colombia, both in Colombia. Greystar's main asset is the Angostura gold/silver...