MINING.com Editor, Author at MINING.COM

This chart shows mini gold price rally could have legs

Gold tumbles late Friday

Gold futures trading on the Comex division of the New York Mercantile Exchange experienced an after-hours selloff on Friday with prices tumbling $20 in a flurry of end-of week liquidation.

MINING.com Editor | April 13, 2012 | 11:07 pm

Hitachi builds EX5600-6 to customer requirements

After listening to customer demands for reliability and even greater production in ultra-large hydraulic excavators than before, Hitachi brings its new EX5600-6 to market. Available in either an excavator or backhoe configuration, the EX5600-6 has numerous improvements without losing the proven features Hitachi machines are known for.

MINING.com Editor | April 12, 2012 | 12:49 pm

Energold strikes record profits after drilling a million metres in 2011

The Vancouver company earned a profit of $26.4 million on $133.5 million in revenues for the year, up 145%, after drilling an astonishing 585,900 meters for minerals and a further 444,400 meters for energy last year.

MINING.com Editor | April 10, 2012 | 10:03 pm

Goldman’s senior ranks thin out further as co-head of M&A quits

The Financial Times reports Yoël Zaoui, one of Goldman Sachs’ most senior bankers, “is to retire in the latest departure from the […]

MINING.com Editor | April 10, 2012 | 7:08 pm

Gold down on better-than-expected U.S. jobs report

AngloGold Ashanti lost more ounces over safety in Q1 than all of 2011

Work stoppages as a result of safety issues in South Africa cost AngloGold Ashanti 76,000 ounces of lost production in the first quarter.

MINING.com Editor | April 10, 2012 | 6:00 pm

Embry: Gartman inept, CNBC wrong, gold demand off the hook

Bullion dealers are telling him phones are ringing off the hook and demand is incredible.

MINING.com Editor | April 9, 2012 | 3:19 pm

Molycorp stock jumped up as mine plant revamp nears completion

India, US jobs news should lift gold next week

June gold contracts ended the holiday shortened week at $1,632 an ounce, but the end of Indian strike and disappointing news out on Friday – a day the markets were closed and could not react – about job growth in the US should provide stimulus for renewed interest in the yellow metal.

MINING.com Editor | April 6, 2012 | 9:00 pm

Molycorp is up 38% in 2012, but still cheap say analyst

Molycorp’s mould-breaking deal with Neo Material Technologies has sent its shares rocketing and the counter is now up 38% so far this year, but some analysts say it's still a cheap buy for any potential acquirer.

MINING.com Editor | April 6, 2012 | 8:00 pm

Hollywood is looking for Greenland prospectors

Reality show producers, who have made shows about ice road trucking and underground coal mining in Virginia and underwater gold miners that work the waters off Nome, Alaska are now turning their attention to one of mining’s last frontiers.

MINING.com Editor | April 6, 2012 | 6:48 pm

JPMorgan: We don’t speculate with metals

"We store significant amounts of commodities, for instance silver, on behalf of customers. We operate vaults in New York City, in Singapore and in London. Often when customers have that metal stored in our facilities they hedge it on a forward basis through JPMorgan, which in turn hedges in the commodities market," said Blythe Masters.

MINING.com Editor | April 5, 2012 | 11:10 pm