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GOLD

Newmont OKs $1bn Suriname mine development, lifts Q2 profit

Denver, Colorado-based gold producer Newmont this week announced that it would proceed with developing the $1-billion Merian gold mine, in Suriname, the first new big gold-mining project announces by a major miner since a wave of project...
31st July 2014
 
GOLD

Northern Star shifts focus to profitability, mine-life projects

Gold miner Northern Star Resources on Thursday said that the company’s focus would shift to extending the mine lives at each of its five operations, and to increase profitability, after it achieved its target of becoming the second largest...
31st July 2014
 
GOLD

Canadian miner Agnico Eagle turns profit, boosts production forecast

Meadowbank, Nunavut Canadian gold producer Agnico Eagle Mines reported a second-quarter profit on Wednesday compared with a loss a year earlier, as gold production jumped and costs improved. The miner boosted its gold production forecast for 2014 by 13%, to...
31st July 2014
 
GOLD

Barrick Gold reports Q2 loss as Saudi impairment charge weighs

The world largest gold producer Barrick Gold on Wednesday reported a second-quarter loss of $269-million, or $0.23 a share, weighed down in the three months ended June 30 by an impairment charge of $514-million related to the long-delayed Jabal...
31st July 2014
 
GOLD

Centerra sure of security of tenure as Kyrgyz negotiations drag on

Kumtor, Kyrgyz Republic Canadian gold producer Centerra Gold is confident that the right to own and operate its flagship Kumtor gold mine, in the Kyrgyz Republic, is secured by acts of law, as the company forges ahead in ironing-out issues in 18-month-long negotiations...
30th July 2014
 
GOLD

Alacer Gold’s Q2 adjusted profit nosedives on lower grades, sales

Turkey-focused gold producer Alacer Gold on Tuesday reported a 57% year-on-year drop in headline earnings for the three months ended June 30, as lower grades at its 80%-owned Çöpler mine resulted in lower sales. Excluding special items,...
29th July 2014
 
GOLD

ABG reports net profit for H1 on back of increased production, reduced costs

Bulyanhulu mine London-listed gold producer African Barrick Gold (ABG) reported a net profit of $41-million for the six months ended June 30, driven by increased production and continued cost discipline. ABG CEO Brad Gordon pointed out that the company had now...
25th July 2014
 
GOLD

San Gold to add Kerr Mines to portfolio

Canadian gold producer San Gold this week signed a nonbinding letter of intent to buy TSX-listed Kerr Mines in an all-scrip deal that would see San Gold take control of the Copperstone gold mine, in Arizona. San Gold president and VP of finance...
23rd July 2014
 
GOLD

Aurico Gold reports rising output for eighth quarter

Canadian gold producer Aurico Gold has recorded its eighth consecutive quarter of production growth, underpinned by record production from the cornerstone Young-Davidson mine, in Ontario. For the three months ended June 30, the TSX- and...
16th July 2014
 
PEOPLE

Barrick CEO Sokalsky to step down

The world’s largest gold producer Barrick Gold on Wednesday announced that its president and CEO Jamie Sokalsky would step down as part of an executive management shakeup. The TSX- and NYSE-listed miner’s board billed the shakeup necessary to...
16th July 2014
 
GOLD

St Andrew Goldfields reports strong Q2 output

Ontario-focused gold producer St Andrew Goldfields (SAS) this week reported strong results from its three mines in the world-famous Abitibi greenstone belt of Ontario, placing it well on its way to achieve full-year guidance of between 75 000 oz...
11th July 2014
 
EXPLORATION

St Andrew Goldfields drilling returns ‘encouraging’ results at Holloway

Ontario-focused gold producer St Andrew Goldfields (SAS), which operates the Holt, Holloway and Hislop mines in the Timmins mining district of north-eastern Ontario, which lies within the world famous Abitibi greenstone belt, on Tuesday reported...
8th July 2014
 
 
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