Barrick Gold makes China investor push as markets slump

Barrick Gold reported on Thursday that net income in the fourth quarter was up 57% to US$947 million or 95 cents a share, a record result for the world's-largest gold miner. In the same quarter in 2009, Barrick reported US$604 million net income or 61 cents a share. The company produced 1.7 million ounces of gold at a total cash cost of $486 per ounce. Gold production in 2011 is expected to be similar to 2010.

Edmonton-based Shear Diamonds Ltd. has signed a mutual cooperation agreement with Nunavut Resources Corp. for development of the Jericho Diamond Mine in […]

Nature Conservancy Canada and The Nature Conservancy in the U.S. will pay two mining companies $9.4 million as compensation for development work […]

Vancouver-based Western Coal, which has agreed to a C$3,3-billion takeover by rival Walter Energy, is seeing improvements in the logistics systems it […]

Mining Weekly reports that iron-ore junior Alderon Resources, which has a project on the Labrador-Quebec border, has already been seeing interest from […]

IAMGOLD CEO Steve Letwin said the company’s Westwood gold development project in the Abitibi region of Quebec is expected to start production […]

Australia Business Reviews reports: Rio Tinto’s quest for world domination in the mining industry continues with its latest US$1.2 billion investments in […]

Rio Tinto has green-lighted an expansion of the Iron Ore Company of Canada (IOC)  facility in Labrador City, Canada. The second of […]

Goldcorp announced on Tuesday that it sold its 10.1% equity interest in Osisko Mining Corporation. Expected cash proceeds from the sale will […]