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Metals and Mining Gold Mining

  • A small-scale miner holds his gold that was melted together at a processing plant located around 100km (62 miles) north of the Mongolian capital city Ulan Bator .

    Mongolian's Mining Minister said nearly 21 percent of the country will soon be opened up for mining exploration in an attempt to shore up its finances.

  • TORONTO, May 18- Canada's benchmark stock index fell in a broad retreat early on Thursday, weighed down by mining and energy shares as prices for gold and oil slipped.

  • *Breaks above technical resistance at $1,245. LONDON, May 17- Gold rose to its highest in two weeks as political turmoil and weak economic data in the United States reduced expectations of aggressive interest rate rises this year, pushed down U.S. bond yields and drove the dollar to its lowest in six months. at $1,258.38 an ounce at 1414 GMT, after hitting $1.259 an...

  • TORONTO, May 17- Canada's main stock index fell at the open on Wednesday in broad-based declines led by banks, but losses were tempered by higher gold prices, which bolstered precious metal mining shares. The Toronto Stock Exchange's S&P/TSX composite index shed 76.41 points, or 0.49 percent, to 15,466.92. The only gainers among the index's 10 key sectors were...

  • The Pebble Limited Partnership mining company will terminate two lawsuits it had filed against the EPA under the previous administration of Democratic president Barack Obama, which had sought to block it. In February 2014, the EPA took the unusual action of blocking a mine before the owner applied for a development permit. Ronald Thiessen, chief executive...

  • The Pebble Limited Partnership mining company had filed a lawsuit against the EPA under the previous administration of Democratic president Barack Obama, which had sought to block it. In February 2014, the EPA took the unusual action of blocking a mine before the project owner applied for a development permit. Ronald Thiessen, chief executive officer and...

  • The Pebble Limited Partnership mining company had filed a lawsuit against the EPA under the previous administration of Democratic president Barack Obama, which had sought to block it. Opponents of the mine include environmental groups as well as many native residents who rely on the fish from the Bristol Bay watershed, which EPA has said supports the world's...

  • CAIRO, May 11- Egypt will announce the results of its gold mining exploration tender next week, Minister of Petroleum Tarek El Molla said on Thursday. Egypt, which is hoping that gold production can be a future source of growth for its struggling economy, began accepting bids in January for five concessions in its first tender for new gold exploration since 2009.

  • SAN JUAN, Argentina, May 8- Barrick Gold Corp failed to complete improvements to the Veladero mine in Argentina that could have prevented the third spill of cyanide solution in 18 months, leading to eventual sanctions for the world's biggest gold miner, a judge told Reuters. "If they had changed pipes as ordered, the decoupling would not have occurred," Oritja told...

  • JOHANNESBURG, May 8- Africa's biggest gold miner AngloGold Ashanti reported a 16 percent drop in first-quarter profit on Monday following a decline in South African production, sending its shares down nearly 5 percent. AngloGold said adjusted earnings before interest, tax, depreciation and amortization came in at $314 million in the first three months of...

  • JOHANNESBURG, May 8- Africa's biggest gold miner AngloGold Ashanti reported a 16 percent drop in quarterly core profit on Monday hit by a weak showing at its South African operations. "South Africa had a difficult production quarter, as an added focus on a safe start-up contributed to an unusually slow ramp-up after the year-end break," AngloGold said in a...

  • TORONTO, May 4- Canada's main stock index fell almost 1 percent on Thursday, weighed down by heavy losses among energy and mining stocks as oil prices plunged and gold and copper prices also fell. The Toronto Stock Exchange's S&P/TSX composite index unofficially closed down 146.44 points, or 0.94 percent, at 15,396.70. The energy group lost 3 percent.

  • TORONTO, May 4- Canada's main stock index slipped in early trade on Thursday, as energy and mining stocks fell sharply with lower prices for oil, gold and industrial metals.

  • TORONTO, April 28- Canada's main stock index rose on Friday as natural resource stocks led a broad rally on a mix of higher commodity prices and positive corporate earnings. Gold miner Agnico Eagle Mines Ltd surged 9.3 percent to C $64.54 after beating profit and revenue estimates and upping its production forecast after the bell on Thursday.

  • BOGOTA, April 27- South Africa's AngloGold Ashanti has halted all exploration work at its La Colosa project in central Tolima, Colombia, after voters backed a proposal to ban mining in the municipality, the company said on Thursday. AngloGold has invested some $900 million in Colombia since 2006 and La Colosa was the largest of its three projects in the country.

  • April 25- Canada's Teck Resources Ltd, North America's largest producer of steelmaking coal, reported lower-than-expected profit due to higher costs, lower production and sales volumes. Unit production costs in the first quarter rose by C $13 to C $56 per tonne from a year ago. Teck, which also mines gold and silver, said adjusted profit attributable to...

  • April 24- Barrick Gold reported weaker-than-expected quarterly earnings on Monday and also slashed its forecast for output and hiked costs at its gold mine in Argentina, where cyanide solution spilled recently for the third time in 18 months. Barrick said it now expects full-year production at Veladero of 630,000 to 730,000 ounces of gold, at all-in...

  • The world's second-biggest gold producer by market value said adjusted earnings in the first quarter increased 4 percent to $133 million, or 25 cents per diluted share, from the same quarter in 2016.. The Greenwood Village, Colorado- based miner, which has mines in the Americas, Africa and Australia left unchanged its gold production forecast for 2017..

  • BUENOS AIRES, April 21- Barrick Gold Corp and its new Chinese partner presented a $500 million plan on Friday to make safety and environmental improvements to the Veladero gold mine in Argentina after a third cyanide spill in 18 months, a company executive said. Argentina told Barrick earlier this month it had to overhaul environmental and operating processes...

  • BUENOS AIRES, April 21- Barrick Gold Corp and its new Chinese partner presented a $500 million plan on Friday to make safety and environmental improvements to the Veladero gold mine in Argentina after the third cyanide spill in 18 months, a company executive said. Argentina told Barrick earlier this month it had to overhaul environmental and operating...