PRECIOUS METAL Mining News and Commentary

Ten-year gold bonanza may be over: CMP Group

Cecilia Jamasmie | March 28, 2012

Gold prices will remain high this year, but are unlikely to rise above the record high reached in 2011, says the latest report by U.S.-based mining consultants CPM Group.

Barrick, Goldcorp holding breath as Canadian court poised to decide El Morro ownership

Andrew Topf | March 28, 2012

The two largest gold companies are bracing for a Canadian court's decision on who owns the massive El Morro copper-gold deposit in Chile.
Canadian silver company denies involvement in murder of Mexican activist

Andrew Topf | March 28, 2012

A Canadian company operating a silver mine in Mexico says it is not in any way linked to the recent murder of an anti-mining activist as alleged by human rights activists.
Mining in Mexico: a wise investment?

F. Murphy | March 27, 2012

At lunch today a colleague posed the question, would you invest in a Mexican mining enterprise? My answer: I honestly don’t have a clue.
Gold drops more in late trade

Reuters | March 27, 2012

Spot gold prices retreated from two-week highs on Tuesday after being repulsed by the $1,700 per ounce level. Losses continued in New York trade after hours on the back of the March options expiry where bullion was last trading at $1,683 an ounce .
£500m of plundered art hidden in German silver mine

Andrew Topf | March 27, 2012

An expedition to uncover £500 million of missing artwork looted by the Nazis during the Second World War has been launched in Germany.
Silver tailings: Profitable waste?

Resource Investing News | March 27, 2012

Tailings are materials produced from mining such as milled rock and effluents. In many cases, massive quantities of these materials, regarded as waste, are left from previous operations. Given the potential health and environmental risks associated with tailings, they could be viewed as problems or project deterrents, but then again, they could be viewed as a source of cash.
You want ice with that? Centerra dives 18% after saying waste and ice will cut Kumtor production by 200,000 oz

Frik Els | March 27, 2012

Centerra Gold said labour strikes last month worsened the extent of the ice and waste flows and that it now can't access the high grade zone at its massive mine in Kyrgyzstan.
Entree Gold upgrades and expands resources at Ann Mason

Marketwire - Mining and Metals | March 27, 2012

"With over 5 billion pounds of copper estimated at the indicated level and another 3.5 billion pounds estimated at the inferred level, Ann Mason should now be recognized as a significant deposit in one of the best mining jurisdictions in the world."
Third diamond drill rig deployed by Angkor Gold in Cambodia

Cecilia Jamasmie | March 27, 2012

Canadian-based Angkor Gold Corp. (TSXV: ANK) announced today it has deployed a three diamond drill at its Katieng prospect. Drilling is set to commence on geochemical targets at the property. After Angkor completes the Katieng program, the rig will be moved to either its Kunmum prospect or Oyadao tenement.
Riding the graphite bull

Andrew Topf | March 27, 2012

Chris Berry, founder of Mountain Partners asset management company, provided an interesting summary of the graphite space while speaking at the recent Graphite Express Conference in Vancouver.
Copper Mountain Announces 2011 Year End Results

PR Newswire: Mining | March 27, 2012

Copper Mountain Mining Corporation (TSX: CUM) (the "Company" or "Copper Mountain") announces production results for the fourth quarter of 2011 from the newly opened Copper Mountain mine located in southern British Columbia.
World's largest coal company muscling in on world's largest metallurgical deposit

Frik Els | March 26, 2012

"Shenhua is the most competitive bidder for the project given its technology, transport infrastructure, access to the Chinese market and the backing of the Chinese government," Shenhua CEO Ling Wen told reporters.
La Mancha's measured and indicated resources more than double to 4.8 million ounces of gold equivalent

Marketwire - Mining and Metals | March 26, 2012

Dominique Delorme, President and CEO of La Mancha, noted: "Having quadrupled our resource base to nearly 5 million ounces of gold equivalent since 2007, it is exciting to see that this appears to only be the beginning, as we are just starting to scratch the potential at our Hassaï property, where nine more VMS targets remain to be explored."
OZ loses Romanian copper mine to Canadian company

Andrew Topf | March 26, 2012

Canadian company Roman Copper Corp won Monday's bid for Romania's largest copper mine, beating out three competitors including Australian miner OZ Minerals.
Nautilus Minerals shares on the rise after solid year end results

Cecilia Jamasmie | March 26, 2012

Nautilus Minerals Inc. shares were up almost 24% this morning (TSX:NUS), after the company released solid year end results with, narrowing its full-year loss in 2011 to US$34 million.
Win some lose some: Gold Fields delving deeper into Philippines, suspends drilling in Mali

Frik Els | March 26, 2012

Nick Holland of CEO Gold Fields said on Monday the company has plonked $63 million on a second gold-copper project in the Philippines. The globe's fourth-largest gold miner also announced it is suspending drilling in Mali, Africa's third largest gold producer following a military coup.
Canadian Monument busts gold thieving at its Malaysian Selinsing mine

Cecilia Jamasmie | March 26, 2012

Canadian-based gold producer Monument Mining Limited (TSX-V: MMY) informed it busted a gold stealing syndicate at the Selinsing Gold Mine in Malaysia.
Baja Mining urges shareholders: Vote the Gold Proxy

Marketwire - Mining and Metals | March 26, 2012

aja Mining Corp. (TSX:BAJ)(OTCQX:BAJFF) today announced that it has filed and is mailing a third and final letter to shareholders regarding the proxy contest initiated by dissident Mount Kellett Master Fund II A L.P. Baja has scheduled a vote to take place at a special meeting of shareholders on April 3, 2012 and urges shareholders to vote the GOLD proxy against Mount Kellett.
Finders Resources reviewing options for Ojolali Gold‐Silver Project

Cecilia Jamasmie | March 26, 2012

Metals developer Finders Resources Limited (ASX:FND) announced it has started a strategic evaluation of its alternatives for the Ojolali gold-silver project, in Sumatra.
Gold bar with tungsten core found in UK

Michael Allan McCrae | March 26, 2012

A 1,000gm gold bar with a tungsten core was bought by a scrap dealer in the United Kingdom, reports ABC Bullion.
The bulls can rest their case on this one chart

Michael Allan McCrae | March 25, 2012

Gold is being amassed largely on the fears that the global currency system is flawed, and bears also believe American and Chinese economies are headed for another fall. However, there is a deep economic imbalance that is rapidly being righted that can result in a lot of prosperity for all.
A list of the top movies about mining

Michael Allan McCrae | March 25, 2012

Mining has all the elements that make for a good movie: long odds, adventure, conflict, danger, amazing natural scenery, and heroes and villains.
John Paulson's Mali headache

Michael Allan McCrae | March 24, 2012

Beaten up gold investor, John Paulson, is a significant Randgold investor who is getting pulled down by trouble in Mali.
UK government joins the gold bandwagon, top is declared

Michael Allan McCrae | March 24, 2012

Commentator Steve Peel declares that if the UK government sold all its gold at the bottom of the market, bullion must have reached a top if the country is buying again.
Tehran rides to gold's rescue

MINING.com News | March 23, 2012

"The only thing that's got us up is oil," Frank McGhee, senior precious metals dealer with Integrated Brokerage Services in Chicago told The Wall Street Journal.