Sinchao loses mineral resources at Peru copper-gold project

For Sinchao Metals Corp, the bad news is that its Peruvian copper-gold project, located 30 km from Newmont Mining’s giant Yanacocha mine, has been stripped of its mineral resources. The good news? The TSX V-listed firm’s imminent merger with...

Peru miner says decision on Newmont's Conga near

US-based Newmont Mining and its Peruvian partner Buenaventura will respond in "coming days" to government recommendations on the $4.8 -illion Minas Conga gold project, Buenaventura's CE said on Monday. The most expensive mine ever attempted in...

Consultant to focus on sustainable development at Ghanaian conference

Global ground engineering and environmental company Golder Associates plans to focus on the sustainable development of Africa’s mineral and energy resources at this year’s West African Mining and Power Exhibition (Wampex) to be held in Accra...

Newmont posts 9% rise in profit, Peru project remains suspended

NYSE- and TSX-listed Newmont Mining on Friday reported a 9% increase in first-quarter profit to $561-million, or $1.13 a share, keeping within its expectation for the year. The multinational gold miner lifted revenue for the quarter by 9%, to...

Consultancy aiming to grow to accommodate more complex projects

Mining projects being established at remote locations need to be much larger than those operating in areas with existing infrastructure to justify capital investment in supporting infrastructure and, therefore, require higher production rates.

Canada's Nunavut awaits its day in the sun

The prospects of a mining boom in Canada's Arctic territory of Nunavut - once as bright as the Northern Lights - are fading fast as costs in the inhospitable region spiral higher, forcing writedowns on two major gold projects there. The sparsely...

Flat gold prices for 2012, miners' stocks to rise - CPM's Christian

The wild swings the gold price made in the latter half of 2011 are not likely to recur this year, and the precious metal will likely have to wait until the end of the decade before it makes a go at $2 000/oz again, CPM Group MD Jeffrey Christian...

Premier Gold to tap markets for C$51m

Premier Gold Mines said on Monday it aimed to raise C$51.8-million through bought deal financing, the proceeds of which would go toward exploration and development. The company, which owns projects in Ontario and Nevada, hired a group of...

Gabriel says still talking to Romania regarding gold royalty rates

Gabriel Resources said on Thursday it was still working with the government to potentially alter the its ownership and royalty rate at the Rosia Montana gold and silver project in Romania. The eastern European country earlier this week said it...

Peru detains leaders of protests over Newmont mine

Peru's counterterrorism police on Tuesday detained two leaders of protests that have stalled Newmont Mining's $4.8-billion Conga gold mine project, in a widening crackdown by President Ollanta Humala. Wilfredo Saavedra, the leader of the...

Funding dearth means more gold consolidation, says Randgold's Bristow

The Kibali gold mine in the Democratic Republic of Congo (DRC) could expand to produce more than 600 000 oz/y Randgold Resources, which jointly owns it with Africa’s biggest producer of the metal AngloGold Ashanti, said on Friday. Speaking in...

Surbiton cautions against extending MRRT to gold

Australian gold production fell by 2.4% in the September quarter, with the country producing 66 t, or 2.1-million ounces, said Melbourne-based Surbiton Associates. This was around 1.5 t less than the June quarter production, and also 1.5 t less...