Newcrest Mining’s profit US$117 lower due to Cadia outage, lower copper and gold prices
All-in sustaining cost of gold is $US770 per ounce.
Latest Stories
Newcrest Mining shaves US$1 billion off expanding the life of Lihir
Since production commenced in 1997, the site has produced more than 9 million ounces of gold.
Rescuers complete borehole to trapped Kencana miner
Newcrest Mining says Pak Mursalim’s health remains good.
Freeport-McMoRan sells 13 pct stake in Morenci Mine to Sumitomo for $1 billion
Morenci is an open-pit, copper mine located in Arizona. In 2015, FCX’s 85 percent share of Morenci revenues totaled $2.2 billion and production and delivery costs totaled $1.5 billion.
Lack of Asian buyers may keep a lid on gold price
The surge in the gold price last week has not resulted in increased buying of the precious metal by the world's two biggest gold clients: China and India.
Ancient Greek silver mine unearthed
Archeologists working in Thorikos, Greece, have found a pristine silver mine that has lain untouched for over 5,000 years.
Taseko files lawsuit against Ottawa over B.C. gold and copper mine decision
Taseko Mines Ltd. (TSX: TKO) is suing the federal government in B.C. Supreme Court and seeking unspecified compensation for a 2014 decision that blocked development of a proposed $1.5 billion gold and copper deposit.
Yukon 2.0: Shawn Ryan, Rob McLeod join forces on another northern gold hunt
It was mushrooms that brought Shawn Ryan to the Yukon, but gold that secured his fortune and reputation. Specifically, soil sampling leading to the discovery of gold, millions of ounces of it.
World’s largest mining project takes $1 billion hit
Rio Tinto swung into a huge loss after writing down the value of its gigantic West Africa iron ore project, but that doesn't mean it's being abandoned.
