Hecla profit falls on higher costs, mine disruptions

Precious metals miner Hecla Mining posted a lower first-quarter profit as it was hurt by higher costs and disruptions at some mines, but said it expects a 50% jump in full-year silver production. Silver production for the period fell 46% to...

Claude Resources Q4 production falls

Precious metals miner Claude Resources Inc said it produced about 15% less gold in the fourth quarter, hurt by less production from its Santoy 8 mine in Saskatchewan. The company produced about 11 270 oz of gold in the fourth quarter and a total...

Pan African shares rise on trading update

Shares in Pan African Resources surged nearly 12% in Johannesburg on Wednesday after the precious metals miner said its half-year earnings could rise by as much as 93%. Pan African, which is also listed in London, said its earnings and headline...

Russia's Polymetal sees gold above $2 000/oz in 2012

Russian precious metals miner Polymetal expects the gold price to break above $2 000/oz later this year around the time of US presidential elections, while its own output is set to rise due to new operations after a flat 2011. Gold prices hit a...

DONKEY TOYI-TOYI

While the foot-stomping toyi-toyi protest dance has for long been an instrument of political protest in South Africa, the Andean people of northern Peru threw in a donkey-mounted protest to force the US gold-mining company Newmont to halt its...

Pan African produces first PGMs concentrate at Phoenix project

Precious metal miner Pan African Resources has completed its transition into a producer of both platinum group metals (PGMs) and gold with the production of its first PGMs concentrate at its Phoenix chrome tailings retreatment plant (CTRP), in the...

Conway still eager for deals, sees $2 000/oz gold

Primero Mining, the precious metals miner that debuted on the NYSE on Monday, will be looking at potential acquisitions “right out of the chute” after its merger with peer Northgate minerals closes in September, but likely won’t make any...

PanAust reports $160m profit

Base- and precious-metals miner PanAust has more than doubled its earnings before interest, tax, depreciation and amortisation (ebitda) for the full year ended December, while also reporting a 590% increase in after-tax profit. Group ebitda...

Chile approves PanAust’s Inca de Oro acquisition

ASX-listed base- and precious-metals-miner PanAust has received Presidential approval for its acquisition of a majority interest in the Inca de Oro copper/gold project, in Chile. “We are delighted that the Presidential decree has been received...

Daily podcast – February 1, 2010

Village Main bids R411-million for the control of Lesego platinum; and Firestone Diamonds will establish a tailings processing facility at the Debswana mine in Botswana.

Bernard Swanepoel's Village bids R411m for Lesego platinum

JSE-listed precious metals miner Village Main has bid R411-million for the control of Lesego platinum. More than 205-million shares at a 200 c will be issued to settle the deal that will leverage the benefits of R142-million of capital Lesego has...

Coeur d’Alene sells Broken Hill mine to former owner Perilya

US precious metals miner Coeur d’Alene Mines Corporation on Thursday reported that it had agreed to sell back its 100% interest in the silver contained at the Broken Hill mine in Australia, to Australian base-metals producer Perilya. Coeur...