Newmont cost-cutting helps boost earnings as gold prices rally
The producer’s all-in sustaining cost decreased about 4% to $1,593 per bullion ounce in the second quarter.
Latest Stories
Teck setbacks in Chile underscore copper supply struggles
The sprawling Quebrada Blanca open-pit operation in the high Andes is grappling with tailings storage issues.
Peru seizes black market mercury bound for illegal gold mines
The seizure appears to be the largest on record in the Amazon region of South America where illegal gold mining is widespread.
White House taps mining expert to head national security office
David Copley, who was chosen earlier in the year to serve as the top mining official at the US National Energy Dominance Council, is now a senior director at the NSC.
Kumba’s iron ore sales up 3% on better rail and port services
The company kept its full-year production and sales forecast within the range of 35 million to 37 million metric tons.
Indonesia discussing strategic management of critical minerals trade
Indonesia is one of only a only a handful of countries to strike a deal with Washington to lower US tariffs.
First Quantum to explore gold pre-payment deal from Zambian mines
The company was exploring a minority stake sale of its two Zambian mines last year to raise funds.
Six university students drown in China mine accident
The students fell into a flotation cell after protective grates collapsed.
Freegold hits 5-year high on Golden Summit resource update
The update lifted the contained indicated metal by 42% to 17.2 million ounces.
