Newmont cuts spending on Peru mine project

Newmont Mining Corp said on Wednesday it will cut capital spending on a controversial gold mine project in Peru by two-thirds for the 2012/13 period because of delays caused by government and environmental reviews.CEO Richard O'Brien told...

Agnico-Eagle profit lifted by gold price

Canadian gold miner Agnico-Eagle Mines Ltd reported a 73% increase in its quarterly profit on Thursday, driven largely by gains in the price of bullion. Toronto-based Agnico, which has come through major operational setbacks at two mines in...

Newmont Mining profit rises on higher gold prices

Newmont Mining Corp, the world's second-largest gold producer, said its quarterly profit rose as gold prices outpaced higher labor and power costs at its mines. First-quarter earnings were $561-million, or $1.13 per share, compared with...

Newmont Mining still evaluating Hope Bay project

Newmont Mining Corp said it continues to evaluate development options and economic feasibility of its Hope Bay project in Northen Canada, and set aside care and maintenance funding for it. In a regulatory filing, the company said the $1.6-billion...

Australia’s gold output rose in 2009

Australian gold production rose by 13% in the December 2009 quarter, Melbourne-based industry consultants Surbiton Associates said in releasing its latest overview of the Australian gold sector. Gold output rose by 7 t to 62 t, compared with the...

Newmont sees less '09 gold from new Australia mine

The new Boddington mine in Australia is expected to produce less gold this year than expected as the start-up has been slowed by wet weather and slower performance by contractors, Newmont Mining Corp said on Thursday. President and CEO Richard...

Newmont optimistic on power outlook in Ghana

Newmont Mining Corp is hopeful that the power supply to its Ahafo mine, in Ghana, will continue without significant disruptions this year, and is also cautiously optimistic about the longer-term supply outlook in the country, senior executives...

Kalgoorie Consolidated Gold Mines, Australia

A Barrick and Newmont joint venture mine, situated in Australia.

Australian gold output falls as price rises

As the Australian-dollar gold price continues to rise, Australian gold production declined once again in the September quarter Melbourne-based mining consultants, Surbiton Associates said in its latest Australian Gold Quarterly Review.

'Australia's gold output on road to recovery'

The Australian gold industry staged a minor recovery in the September quarter after a difficult period in the first half of 2004, Melbourne-based mining consultants Surbiton Associates said when releasing its latest report.

Australian gold output falls again - report

Australia’s gold industry has recorded an abnormally low output for the second successive quarter, according to a survey by the Melbourne-based consulting group Surbiton Associates.

Barrick dismisses Newmont bid as ‘wild speculation’

Gold major Barrick Gold Corp termed as ‘wild speculation’ a report over the weekend that Newmont Mining Corp was getting set to make a takeover offer for it, but added it would vigorously defend itself against any hostile bid.