Osisko reports second quarter 2012 results
Q2 highlights include gold production of 92,003 ounces, a new quarterly record, operating cash flow of $55.7 million and record mill throughput and mined tonnage.
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Meet China’s new rare earth mega-company
China is delivering on its promise to consolidate its mining industry with the formation of a new rare earth mega miner, the new “mega-corporation” will “team up” with rare earth producers in the provinces Shandong, Gansu and Sichuan.
Gabriel Resources up 17% as big bets placed Rosia Montana is happening
Shares of Gabriel Resources climbed 17.7% in heavy volumes on Thursday, bringing its gains since last Friday to 32% as ongoing turmoil in Romanian politics are being interpreted as positive for the Canadian company's plans to build a massive gold mine in Transylvania.
Long-suffering Kinross investors welcome cost-cutting chief
"This promotion is consistent with a renewed focus on operational fundamentals, delivering on key metrics at our sites, and reducing costs across our operations and projects."
Randgold posts record production from its Mali mine despite unrest
Gold producer Randgold Resources posted today strong results for its second quarter production and profits, despite the ongoing political turmoil in Mali – where it extract two-thirds of its gold output.
Federal Government Extends Funding of Aboriginal Mine Training Association
The British Columbia Aboriginal Mine Training Association (BC AMTA) will get an additional amount of $10 million funding over 3 years from […]
Mining equipment maker Bradken shy on investments despite record profit
Australian industrial equipment maker Bradken said it would take a careful approach to spending in the face of "limited visibility" caused by the global economic woes.
Mine Site Technologies opens new global headquarters in Sydney
Mine Site Technologies (MST) has officially opened its new global headquarters facility in Sydney, NSW, Australia.
Goldcorp appoints new chief operating officer
Canadian miner Goldcorp appointed George Burns as the new executive vice president and chief operating officer. Burns replaces Steve Reid, who is leaving the company to pursue other interests.