Barrick to hike gold output as Newmont gets too close to being world’s top producer

Inmet Mining Corporation (TSX:IMN) announced today that the government of Panama intends to repeal recently enacted legislation, known as Law 8, that modified the Panamanian mineral resources code. The intent to repeal Law 8 recognizes concerns from indigenous communities residing within areas known as Comarcas that are recognized under Panamanian law. Inmet's Cobre Panama project is neither situated on nor adjacent to any Comarcas, and has had government and local community support.

New Gold had their best year in 2010, with increased production and declining costs resulting in record earnings and cash flow, the B.C.-based company said on Friday. Consolidated revenue for the year was $530 million compared to $324 million in 2009, which the company attributed to higher production rates and elevated gold prices. Earnings from mine operations jumped 129% to USD$203 million, compared to $89 million in the previous year.

Equinox Minerals Ltd.’s counter offer for Lundin Mining Corp. is so low that it’s leaving an opening for Freeport-McMoran Copper & Gold […]

Tasman Resources says the latest drilling on its Vulcan prospect near Olympic Dam shows evidence of “significant” iron oxide copper gold uranium […]

Romios Gold Resources announced that a 2010 mapping project from the British Columbia Geological Survey confirmed Romios' previous claims that the Dirk property mineralization is analogous to and may be as large as the Galore Creek project. Samples collected by Romios from the Dirk property produced numerous anomalous values including a 3.0 metre chip sample of 6.21% Cu, 0.57 g/t Au, and 44.1 g/t Ag. The BCGS also reports values up to 21 ppb platinum and 64 ppb palladium from samples that they collected from the Dirk property.

On Tuesday the Ontario Superior Court of Justice dismissed Inspiration Mining Corporation’s court application against URSA Major Minerals. Inspiration sought to reverse […]

Argonaut Resources NL (ASX:  ARE) announced on Friday results from pre-collar assays from the Alford project (EL3969) on South Australia’s Yorke Peninsula. Highlights from the intercepts were ALDDH10: 78m at 0.62% Cu from 88m. It also included 54m at 0.86% Cu from 88m.

Kazakhmys, the world's 10th largest copper miner, was confident the long-term outlook for copper remained positive as a surge in prices drove its full-year profit higher. Kazakhmys said on Thursday its 2010 earnings before interest, tax, depreciation and amortisation (EBITDA) rose 59.5 percent to $1.93 billion. According to Thomson Reuters I/B/E/S estimates, the average EBITDA forecast stood at $1.86 billion.

EMED Mining’s MD says the group expects to start production at its Spanish copper mine in the first half of next year.