Category: Commodities
Polyus Gold advances London premium listing after share sales
CEO German Pikhoya says he hopes the premium listing in London will happen in the near future after the gold miner sold stakes to China’s CIC and Russia’s VTB bank this week.
BHP Billiton to lessen investors worries over massive investments in “mega-projects”
BHP Billiton (NYE & ASX:BHP) has chosen to address shareholders concerns about its ambitious investment plans in four “mega-projects” by saying it will match capital expenditure closely with cash flows and stagger its pipeline of large projects.
Sienna’s winning streak halted by new Peru drill results
Even after today’s heavy losses it is still showing gains for the year of 86%.
Brazilian Gold gives long-suffering investors something to smile about
Brazilian Gold Corporation jumped 13.5% on Wednesday on three times usual trading volumes, after announcing positive metallurgical test work at its São Jorge deposit in northern Brazil.
Barrick makes the day to gold investors by rising dividend 33%
Barrick Gold Corp. (TSX:ABX) increased its quarterly dividend by 33%, as the company announced Wednesday a 3% increase in its first-quarter profit. move was welcome by investors, who have been calling for a bigger piece of the pie for years, arguing this would help push up share prices that have underperformed increases in the gold price over the last decade.
Bean counters taking over at Ivanhoe
Following the resignation of flamboyant founder Robert Friedland a fortnight ago, Rio Tinto insiders and Arthur Andersen alumni have been appointed to lead the Ivanhoe.
New Guinea Gold announces management cease trade order and provides default status report
As a result of the Company’s delay in making the Annual Financial Filings, on May 1, 2012, the BCSC issued the MCTO which imposes restrictions on all trading in and all acquisitions of securities of the Company.
US metal and industrial metal mine salaries for 2011
There is no such thing as an average miner. There is no such thing as an average salary. Yet we can get some idea of how well mining people are paid by looking at the average salaries for 2011 on US metal mines recently published CostMine.
Yamana’s Q1 net earnings up 15% to $170 million
Yamana Gold (TSX:YRI) announced that net earnings increased 15% to $170 million, $0.23 per share in first quarter of 2012.
CEO Interview: Portugal Has Potential To Become A Significant Gold Producing Nation
Portugal could emerge as an important gold-producing country, and recent drill results from the southern region of the country show strong gold grades.
