Twenty-eight workers have died at Freeport-McMoRan Copper & Gold’s (FCX-N) Grasberg mining complex in Indonesia after the roof of an underground training facility collapsed on May 14. Ten others have been rescued.
Difficult markets and strained balance sheets are dogging junior mining companies across the industry, forcing them to make some hard decisions about how to manage their assets.
Sunridge Gold (SGC-V) has outlined stronger economics for its prized Asmara copper-zinc-gold project in Eritrea in a feasibility study that outshines last year’s prefeasibility study.
In a little over a year, partners Consolidated Woodjam Copper (WCC-V) and Gold Fields (GFI-N) have grown the inferred resource at the Southeast zone on their Woodjam property in the Cariboo region of central British Columbia from 146.5 million…
VANCOUVER — Diversified base metal producer Lundin Mining (LUN-T) is on target to meet its guidance this year despite lower-than-anticipated production during the first quarter at its wholly owned Zinkgruvan zinc-lead-copper mine, 200 km…
Thompson Creek Metals (TCM-T, TC-N) is a go-to name in the molybdenum space, largely thanks to its namesake mine, which is the fourth-largest moly mine in the world.
Teck Resources’ (TCK-T, TCK-N) first-quarter performance beat analyst expectations but came in lower compared to a year ago, owing to global economic uncertainty and weaker commodity prices.
Barrick Gold (ABX-T, ABX-N) has reported operating cash flow in the first quarter of 2013 at US$1.1 billion, down from US$1.4 billion in the first quarter of 2012, while net earnings totalled US$847 million, or US85¢ per share, down from…
VANCOUVER — When the first hole ever drilled at a property returns 333 metres grading 0.51% copper and 0.67 gram gold per tonne from surface, resource investors sit up and take notice.
Despite producing more gold than a year ago, Toronto-based Yamana Gold (YRI-T, AUY-N) wasn’t able to buck the trend of miners posting shrinking first-quarter profits amidst dipping metal prices. Profit for the first quarter of…
A nation at the crossroads of Europe and Asia measuring about 800 by 1,600 km is punching above its weight as an emerging mining jurisdiction, with operating mines owned by Inmet Mining (IMN-T), Eldorado Gold (ELD-T, EGO-N) and Alacer Gold…
VANCOUVER — Most of the world’s mining majors are selling non-core assets so that they can optimize key operations, shore up earnings and cut back capital outlays. The shift follows a few years of overspending spurred by commodity…
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