Kinross profit drops 58%, Mauritania mine underperforming

Canada’s third-largest gold miner Kinross Gold on Tuesday reported a 58% year-on-year drop in net first-quarter earnings to $105.7-million, or 9c a share, as a result of one-off tax costs. A $110.3-million remeasurement of deferred tax...

Now Nevsun to 'vigorously' fight class action suits

It has become a recurring theme in the North American gold sector this quarter: report operational setbacks, announce large impairments as a result, and wait for the class action law firms to swoop. Nevsun Resources, which mines gold in Eritrea,...

Agnico-Eagle in class-action crosshairs for $250m

London, Ontario-based Siskinds LLP has filed a proposed class action suit against TSX-listed Agnico-Eagle Mines seeking $250-million, alleging the company and certain senior officers failed to disclose information that led to the closure of its...

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...

Centerra considers joining quarterly dividend-paying peers

Centerra Gold, which reported a 47% drop in fourth-quarter net earnings to $79.4-million, might consider introducing a quarterly dividend instead of its current yearly payout, CEO Steve Lang said in an interview. But do not expect the Central...

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...

Kinross, Ecuador bump heads over mine investment deal

Canada’s Kinross Gold is squaring up for tough negotiations with the Ecuador government, as the company seeks to get a sweeter tax and royalties deal for the mine it hopes to build there than the one it initially agreed to in December. CEO Tye...

Mining Indaba Schedule

Dalradian acquires big European exploration holdings, to raise C$25m

Gold junior Dalradian Resources, headed by former Aurelian Resources cofounder Patrick Anderson, said on Thursday it would raise $25-million in a bought deal financing. In a separate release, the Toronto-based firm said it agreed to buy...

TSX to welcome new gold major in March

Newcrest Mining, which reported a 20% drop in output for the December quarter, plans to list on the TSX by March, Australia’s biggest gold producer said on Tuesday. The ASX-quoted miner said it filed an application for a secondary listing in...

Kupol mine, Russia

An openpit/underground mine, situated in Russia

Paracatu mine, Brazil

An openpit mine, situated in Brazil.