Mining companies, including Newmont Mining Corp, Teck Resources and Barrick Gold Corp, reported increased costs this week in their quarterly earnings.
Newcrest Mining Ltd. Mining News
Gold producer says its total gold output from mines fell to 522,917 oz in the quarter ended Sept. 30 from 615,498 oz in the same period a year earlier.
Ecuador began last month granting licences for new exploration areas, with over 300 of them to be awarded by the year-end.
Suspensions at two of the company's main mines have caused Newcrest to miss estimated production targets.
After a mine technician was fatally injured at the site Sunday night.
Newcrest Mining, one of the world's biggest gold producers, said on Friday it was open to selling its Telfer gold and copper mine in Australia, once the company's flagship operation.
The revised plan for their jointly-owned Wafi-Golpu in PNG will require an initial capital spending cost of $2.3 billion.
Newcrest Mining Ltd. (NCM.AU) and Harmony Gold Mining Co. Ltd. (HAR.JO) will carry out a feasibility study for a possible new gold mine in Papua New Guinea that they forecast will cost US$2.3 billion to begin building, and which they say could start producing metal by the end of the decade.
The miner, which has already settled for $1.2 million with the Australian Securities and Investments Commission, has vowed to vigorously defend the class action.
After the gold company admitted disclosure breaches on two occasions last year.
The gold miner has been under shareholder pressure to make changes following its biggest annual loss in history.
Miner basically cleared itself of any wrong doing related to market disclosure rules.
Australia’s No.1 gold producer said the anticipated benefits of being listing in the TSX have not been realized to date
The gold miner is set to report one of the largest losses ever posted by corporate Australia.
Gold miner will write $273 million off the value of its investment in gold miner Evolution Mining, and $360 million off fixed assets, inventory and exploration.
Australia's top gold miner writes down $6bn in assets and will cut about 100 jobs.
Newcrest Mining (ASX:NCM) (TSX:NM), one of the world’s top five gold miners by production, reserves and market capitalization, is facing a lawsuit that challenges its licence to Australia’s largest underground gold mine, Cadia Far East.
Newcrest Mining issues production report for quarter ending September 2012; Gold production down 21.6% YoY
On October 18, 2012, Newcrest Mining Limited issued its quarterly report for the three months ending September 30, 2012.
Today, Newcrest Mining Limited announced that mining operations at the Ridgeway underground mine have been temporarily suspended following the failure of a section of the conveying system on September 12, 2012.
Gold producer Newcrest Mining (ASX:NCM) resumed its operations at the Lihir project, in Papua New Guinea, following the resolution of a dispute lodged by the Lihir Mining Area Landowners Association (LMALA).
Australia’s largest listed gold company by market capitalization, Newcrest Mining (ASX:NCM), said Tuesday it had to suspend production at its flagship Lihir mine in Papua New Guinea, as protests from a local landowners’ group keep escalating.
Newcrest Mining, the world's No.3 gold miner, on Tuesday cut its production forecast for this year, saying its major projects had struggled to reach output targets.
When asked if shareholders could be rewarded with a special dividend Newcrest chief executive Greg Robinson said such a move was ''always on the cards'' in times of plenty.
Dented by heavy rains in Papua New Guinea and lower ore grades, the company reported a 20% fall in quarterly production Monday, in line with its recent forecast.
Sydney Morning Herald reported that Newcrest Mining's (ASX:NCM) shares fell after news its gold grades were diminishing.