Company Announcement: Leapfrog signs new Software License Agreement with Barric

ARANZ Geo Limited, developer of 3D geological modelling software Leapfrog Mining, announced today that they have signed a new Software License Agreement with the world’s largest gold producer Barrick.

Barrick boosts dividend by 33%, Q1 profit up 3% to $1.03bn

Answering clamorous calls to dish out more dough to shareholders, the world’s biggest gold producer Barrick on Wednesday raised its quarterly dividend by one-third to $0.20 a share. The miner pointed to its strong earnings – growing 3% to...

Ivanhoe starts copper, gold production in Australia

The Australian subsidiary of Ivanhoe Mines has produced its first copper and gold concentrate at the Osborne processing facility, in north-west Queensland. “The commencement of copper-gold production at the Osborne facility is an important...

Focus faces increased costs at Coolgardie

Despite reporting its second-best quarter on record, gold miner Focus Minerals has reported that operating costs for its Coolgardie operation increased, owing to an unscheduled mill recline and shutdown costs. During the three months to December,...

Cowal mine, Australia

An openpit mine, situated in Australia

Osborne mine, Australia

An underground mine, situated in Australia.

Turquoise Ridge mine, US

An underground mine, situated in the US.

Yamana’s Marrone not keen on gold-linked dividend

While Yamana Gold CEO Peter Marrone said on Thursday he saw some merit in a gold price-linked dividend, his company won’t be following in Newmont’s footsteps in implementing such a policy. Speaking on the Toronto-based gold miner’s...

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...

Gold titans dish out more dividends

World-leading gold producers Barrick and Newmont on Wednesday announced dividend increases for the fourth quarter, as they reaped the benefits of record gold prices. Barrick upped its dividend by 25% to $0.15 a share, while Newmont raised its...

AusIMM urges miners to help students find vacation work

The Perth branch of the Australian Institute of Mining and Metallurgy (AusIMM) has urged mining companies to increase the number of students they take in for vacation work, as students battle to find practical training. AusIMM said on Friday that...

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...