Eldorado Gold reports $67 million profit in Q1
Gold miners were caught in an ugly slide in the S&P/TSX Composite Index today, which shed 215 points in reaction to another poor economic report coming out of the US.
Latest Stories
First oil sands project in the US takes a step closer
US Oil Sands Inc's Utah project is on-target for completion and start-up in the final quarter of next year after the company raised $9 million on Thursday.
Big gold producers spending faster than earnings rise
Capital spending by the largest gold producers is increasing at a faster pace than earnings for a second straight year as the industry’s biggest mining projects are beset by delays and surging labour costs.
Canada mints its last penny on Friday
The Canadian penny will get a ministerial send off when the Federal Finance Minister Jim Flaherty will be on hand to watch the last minting.
DRC fighting thwarts plans to export conflict-free minerals
Renewed fighting in the Democratic Republic of Congo will halt the export of so-called conflict-free minerals from the country's eastern provinces, according to Bloomberg:
Pretium raises $70 million through share offering
Pretium Resources, a gold junior developing the Brucejack and Snowfield properties in British Columbia, today raised $70 million through a share offering.
Copper is having a terrible 48 hours
Due to its widespread use in construction, communication and transport copper is a bellwether for the global metals industry. The red metal […]
Zimbabwe mining revenues up 10% to $458 million
Zimbabwe's mine output increased in the first quarter, leading to surging revenues for government coffers, NewsDay is reporting.
Mark Fielder promoted to operations vice president FLSmidth’s Non-Ferrous Division
Mark Fielder has been promoted to operations vice president of FLSmidth’s recently formed Non-Ferrous Division. The division pro- vides advanced minerals processing technologies, systems and solutions to the global mining industry.
