Barrick throws off cash first time in four years
Production declines of as much as 1.5m ounces within two years shifts company's focus to costs with target of $700 per ounce all in.
Latest Stories
Fitch junks Anglo overhaul on South Africa fears
Ratings agency worries about exposure of much-diminished mining company to Africa; after restructure responsible for 54% of earnings.
Gold price recovery helps Barrick declare dividend
The miner is set to report fourth-quarter results after markets close on Wednesday.
India opens 100 mineral blocks to private companies
They cover an area of 12,000 square km and could be rich in gold, iron ore, tin and tungsten, among others.
Wave of deals to shake the global gold industry in 2016 — report
Gold miners to keep cutting cost, team up amid unusual market conditions that will continue boosting deals, says BMI Research.
Australia’s Northern Star puts Plutonic gold mine on the market
Plutonic is the highest-cost of Northern Star's five mines, producing around 79,000 ounces last financial year at an all-in sustaining cost of $1550 an ounce.
Stellar Diamonds secures environmental approval for Sierra Leone project
The permit marks another key step in the process of moving towards development of the 1.45 million carat diamond resource in the West African country, said the company.
Over one-third of Australian underground mines plan to cut spending in 2016
The coal sector is the most likely to axe spending even further this year (38%), ahead of precious metals (25%), a new study found.
New technology helping keep miners afloat but prices still under water
Gold miners in particular have stepped up technology investment within a falling capex budget, as the metal price in producers’ currencies has held up much better than other commodities.
