December 18, 2013

Surprise resignations from Barrick board

The company announced on Tuesday that long-time directors Donald Carty and Robert Franklin had resigned with immediate effect.

December 17, 2013

Steve Yuzpe and Maria Smirnova: Why Sprott Resource Corp. sold $76m in bullion

In this interview with The Mining Report, new Sprott Resource Corp. President and CEO Steve Yuzpe discusses where the company will focus its capital, and Sprott Asset Management Associate Portfolio…

December 17, 2013

$78bn fall in gold assets leads record investor exit from commodities

Precious metals main reason behind record decline and outflows from commodity assets under management in 2013.

December 16, 2013

Miners should launch a gold cartel or risk losing everything, advises Stephan Bogner

It's no surprise that Stephan Bogner advises investors to hold physical metals outside the banking system, but he also advocates mining companies keeping gold on their balance sheets and forming…

December 16, 2013

Rio Tinto says Chinese now make ‘much higher quality’ mining equipment

The CEO of world number two miner Rio Tinto said the quality of Chinese mining equipment is catching up and in some instances surpassing that of the major US manufacturers.

December 16, 2013

Primero Mining buys Brigus Gold for $208 million

The transaction creates a diversified, Americas-based mid-tier gold producer that would generate the equivalent of 250,000 to 270,000 ounces of gold next year.

December 16, 2013

Australia’s promise to assist BHP with its Olympic Dam expansion

South Australian Premier, Jay Weatherill, has reproached the federal government for saying BHP could resume its Olympic Dam expansion within months, calling it a "cruel hoax."

December 16, 2013

Peru’s mining attracted close to $9bn in investments this year

The potential is appealing. Peru holds13% of the world's copper reserves, 4% of gold, 22% of silver, 7.6% of zinc, 9% of lead and 6% of tin reserves.

December 13, 2013

Lack of demand, not manipulation, behind gold price drop, says CPM’s Jeffery Christian

The bottom line is that demand is down as investors big and small wait to see where the price will settle before they start buying again.

December 13, 2013

Augusta shares surge as giant Arizona copper mine clears hurdle

Vancouver's Augusta Resource Corp opened 18% higher on Friday after the release of a positive environmental statement on its Arizona copper mine.