Mining industry
Peru's President Alan Garcia announced a plan to build a $1 billion cargo railway by 2019, which will carry minerals from copper, gold, and phosphate mines to the Bayovar port. The railway, aiming to transport 4 million tons annually, will link to the northern port of Paita and
Mining industry
Soltoro Ltd. has strengthened its ability to advance its Central America projects with the appointment of a distinguished advisory board. The board brings a wealth of experience in developing bulk tonnage gold, silver, and copper deposits to the table. Members of the Advisory Board include Chester F. Millar, Laurence W.
Mining industry
Newcrest Mining Ltd. achieved a substantial increase in its full-year net profit, rising 84.7% to A$248.1 million in the fiscal year 2009. This significant growth was largely driven by a soaring gold price, despite weaker copper prices. The Melbourne-based miner also announced a 7% increase in revenue
Mining industry
New Gold Inc., a prominent gold miner, has been profiled in a recent investment report that highlights its competitive advantages in the industry. The company's focus on gold production, particularly in jurisdictions with stable political climates and less-restrictive mining laws, has garnered significant interest from professional investors. With
Mining industry
Barrick Gold Corp. reported a decrease in adjusted earnings due to a foreign exchange loss, despite beating analyst estimates. The company's revenue rose to $2.03 billion, driven by higher production and prices. In contrast, Goldcorp Inc. posted a second-quarter loss of 32 cents a share, excluding items,
Mining industry
South Africa's largest gold producers have signed a two-year wage agreement with unions, averting a threatened strike. The agreement, which replaces expired contracts, will see wages rise by up to 10.5% this year. The deal affects entry-level employees, miners, officials, and other workers, with increases ranging from
Mining industry
Teck Cominco Ltd. has agreed to sell its 50% stake in the Williams and David Bell gold mines in the Hemlo district of northern Ontario to an affiliate of Barrick Gold Corp. for $65 million US. This sale is part of Teck's plan to divest non-core assets and
Mining industry
The Ontario Superior Court of Justice has ruled in favor of Gold Reserve Inc. in a dispute surrounding a hostile bid by Rusoro Mining Ltd. for the Canadian mining company. On February 10, 2009, Justice Cumming granted an interlocutory injunction preventing Rusoro from advancing its bid, citing the misuse of
Mining industry
Gold Canyon Resources Inc., a Vancouver-based mineral and precious metals exploration company, has announced the granting of incentive stock options to certain directors, senior officers, and consultants. The options, totaling 2,350,000 common shares with an exercise price of $0.10 per share, expire on February 13, 2011. This
Mining industry
XplosiveStocks.com, a leading stock website, has introduced a free hot stock alerts service for investors. The service provides daily e-mail alerts on stocks that are hot in the market, including those with high volume, penny stocks, and new 52-week highs or lows. The alerts have reportedly done well in
Mining industry
Gold prices have fluctuated amidst economic uncertainty, making it challenging for investors to navigate the gold mining sector. Beacon Equity Research has released trade alerts highlighting key developments in major gold stocks, including Barrick Gold and Goldcorp. The author points to Barrick Gold's suspension of output at its
Mining industry
Newmont Mining Corp., a leading US gold producer, announced its 2008 gold sales of around 5.2 million troy ounces, in line with expectations. The company also acquired the remaining 33.3% stake in the Boddington mine in Western Australia from joint venture partner AngloGold Ashanti Ltd. Newmont's
