Lumwana copper mine expansion on track

The expansion of Zambia’s Lumwana copper mine, with the construction of the new Chimiwungo pit, is progressing well, with equipment supplier Bateman Engineered Technologies’ (BET’s) bulk materials handling unit having delivered more than 90%...

Harquail on how to alleviate gold equity discount

Gold miners have a Faustian bargain with exchange traded funds (ETFs), and will not outperform them until companies cease disappointing investors, Franco Nevada CEO David Harquail said on Monday. While other gold-mining executives have attributed...

Despite bad news, gold investors go for dividends

On the surface, investors appeared to reward the two Canadian gold diggers that reported the biggest fourth-quarter losses, Kinross Gold and Agnico-Eagle, with both the stocks gaining more on Thursday than their profit-making peers at Goldcorp and...

Barrick lifts adj profit 15%

Barrick Gold, which produces more of the metal than any other company, on Thursday said earnings for the fourth quarter were flat at $959-million while adjusted profit rose 15% to $1.17-billion thanks to higher gold prices and copper output. That...

Newmont's novel gold-linked dividend gets the spotlight

Newmont Mining’s gold price linked dividend has received praise from analysts who said on Friday the industry “has gotten the message” that shareholders want better payouts. “From our perspective, the gold industry is changing for the...

Barrick's cost to climb 10% in 2012

Barrick, the world’s biggest gold miner, said it expects production costs to rise by about one-tenth next year, mainly because of increasing wage demands. “We are seeing a significant increase in labour inflation in the areas where we...

Prepare for lift-off in gold miners' shares

A theme that kept cropping up at the Toronto Resource Investment Conference this week is the expectation that gold stocks are about to shoot through the roof. Speaking on Friday, Sprott Private Wealth CEO David Franklin said he expects the...

Gold shares will eventually track bullion higher: Barrick's Regent

As gold continues to beat consensus forecasts, analysts will have to change their assumptions, and equities in producers will then likely climb, Barrick Gold CEO Aaron Regent said on Wednesday. The biggest factor holding back the share prices of...

Godsell resigns from African Barrick board

Bobby Godsell has stepped down as an independent nonexecutive director of African Barrick Gold (ABG), to pursue other interests, the London-listed miner reported on Friday. Chairperson Aaron Regent thanked Godsell for his contribution over the...

Barrick spending more on big new mines

Barrick Gold increased second-quarter net earnings 35% compared with a year earlier, to $1.2-billion, thanks to higher gold and copper prices and increased gold sales, but the company said it has raised the cost estimate for two big new South...

Barrick 'cautious' on Pakistan copper/gold project

Barrick Gold will be “very cautious” in its plans for the Reko Diq copper/gold project in Pakistan, but still views the asset as attractive, CEO Aaron Regent said on Wednesday. “This is an outstanding deposit, and also technically fairly...

Barrick stands by Equinox deal, says multiples shouldn't take hit

Both the chairperson and CEO of Barrick Gold took a firm line on Wednesday in defending the company's C$7,3-billion acquisition of copper-miner Equinox Minerals, but at the same time assured shareholders that the 'gold' in Barrick Gold is not...