Launched three years ago with a $5.6bn war chest, the fund once hailed as leader of a new wave of mining investment changes course.
Silver Mining News
The potential sale of a 50% stake in Veladero mine could fetch Barrick more than $1 billion, sources familiar with the matter say.
While quarterly earnings beat analysts expectations, revenue fell short of estimates and CAT also lowered its full-year guidance.
The process of restoring calm in local communities and the re-opening of essential infrastructure is now underway, said the miner Monday.
The world’s largest heavy machinery maker has logged a 18% drop in global sales of machinery for the three-month period ended in September.
He envisions people living in big glass-carbon fiber domes on the surface, with additional areas mined out below the surface by robots for "industrial" uses.
The country's sector, dominated by precious metals and zinc, will be well-positioned for the expected price outperformance of these commodities, shows new report.
KalTire Canada's VP of Operations talks about company's innovations when it comes to monitoring, changing and recycling tires.
The Canadian junior announced the acquisition of all properties and deposits from AurCrest Gold and Glencore.
A moratorium in place since 2003 bans open-pit mining and the use of cyanide for metal recovery.
MiningWatch plans to file a private prosecution against Mount Polley Mining Corporation and the B.C. government.
Soledad Mountain Project's gold and silver production is projected to average 74,000 oz and 781,000 oz respectively per year.
The miner plans using proceeds from the exercise of the purchase rights and any direct sales of Brio shares to reduce debt.
"We like small. Small is good."
He is the first person to die in clashes over mining under new President Pedro Pablo Kuczynski.
Jim Umpleby, group president for energy and transportation, will succeed Oberhelman as chief executive.
Technical analyst Jack Chan charts the latest moves in gold and silver markets, noting COT data is showing signs of a bottom.
Newmont is interested in buying Barrick Gold’s half of the Kalgoorlie Super Pit "at the right price."
"I'm a mining engineer so I always like to see the equipment. That's always fun to get out and see, and especially how technology is being applied."
There are benefits.
The company produced 49,874 ounces of gold in the nine months to September, or 7.8% less than in the same quarter last year. It also cut its 2016 production target.
Total production for Q3 was 36,496 gold equivalent ounces using gold to silver ratio of 75:1.
Spot gold was up 0.2% at $1,255.42 an ounce.
Shares in the Mexico-focused precious metal producer dropped as much as 2.4% to 1608 pence in London after the news.
All involved banks will also have to produce all relevant chat room instant messages and any other written communication they exchanged, whatever the media.