[Update] Barrick unveils setbacks, cost hikes, output revisions
Barrick Gold (ABX-T, ABX-N) packed its much anticipated second-quarter financials with quite a few punches, causing analysts to cut their price targets.
Barrick Gold Corporation
AuRico trims 2012 production guidance
AuRico Gold (AUQ-T, AUQ-N) has revised its 2012 production guidance after a high turnover of workers at its Ocampo gold-silver mine in Mexico dragged down output in the second quarter.The Toronto-based producer says the shortage of workers at…
Barrick undeterred by Argentine glacier ruling
Despite an unfavourable court ruling, Barrick Gold (ABX-T, ABX-N) is confident that its Pascua-Lama gold-silver project in Argentina’s San Juan province will push ahead.Argentina’s Supreme Court ruled that a much-debated…
NovaGold narrows focus on Donlin
NovaGold Resources (NG-T, NG-X) bounced off 52-week lows after announcing it had achieved a number of milestones on the road to developing its Donlin gold project northeast of Anchorage, Alaska. Donlin is one of the largest potential gold…
Papua New Guinea scaring off miners
Aldridge Minerals (AGM-V) has added its name to a growing list of mining companies leaving or looking to leave Papua New Guinea (PNG).The company will abandon its Kili Teke gold-copper property in the country now that its licence renewal…
[Update] AuRico cuts 2012 production guidance
AuRico Gold (AUQ-T, AUQ-N) has revised its 2012 production guidance after a high turnover of workers at its Ocampo gold-silver mine in Mexico dragged down output in the second quarter.
NovaGold attempts to de-risk high-cost Donlin project
VANCOUVER — NovaGold Resources (NG-T, NG-X) bounced off 52-week lows after announcing it had achieved a number of milestones on the road to developing its Donlin gold project northeast of Anchorage, Alaska. Donlin is one of the largest…
Papua New Guinea continues to scare off miners
Aldridge Minerals (AGM-T) has added its name to a growing list of mining companies leaving or looking to leave Papua New Guinea (PNG).
Barrick undeterred by latest Argentinian court ruling
Despite an unfavorable court ruling, Barrick Gold (ABX-T, ABX-N) is confident that its Pascua Lama project will push ahead.
Goldcorp overcomes Barrick’s legal challenge
VANCOUVER — Canadian miner Goldcorp (G-T, GG-N) has emerged the victor following a lengthy legal tussle with competitor Barrick Gold (ABX-T, ABX-N) over a majority interest in Chile’s massive El Morro copper-gold…
Mid-tier producers grapple with Peru’s growing pains
Peru is experiencing a mining boom of global proportions thanks to years of heavy investment and increasing production. The country is the world’s number-two copper producer, number-two silver producer, number-six gold producer,…
Atacama drills deep into Chile
Carl Hansen is a big fan of the Maricunga mineral belt in Chile’s Atacama region, high in the Andes.The president and CEO of Atacama Pacific (ATM-V) is advancing the company’s wholly owned Cerro Maricunga gold project, which is just…