Runaway train wreck, copper outages cost BHP $600 million

New Gold had their best year in 2010, with increased production and declining costs resulting in record earnings and cash flow, the B.C.-based company said on Friday. Consolidated revenue for the year was $530 million compared to $324 million in 2009, which the company attributed to higher production rates and elevated gold prices. Earnings from mine operations jumped 129% to USD$203 million, compared to $89 million in the previous year.

The combination of increased production, strong cost control and metal prices made 2010 the best year in Fresnillo’s history, says CEO Jamie […]

Endeavour Silver Corp. (TSX:EDR)(NYSE Amex:EXK)(DBFrankfurt:EJD) released today an NI 43-101 resource estimate for its Parral Project located adjacent to the city of […]

AQM Copper Inc. announces that it has filed an independent technical report with regulatory authorities, in support of the resource estimate announced […]

Buenaventura's annual net income rises 12% from last year, but gold production including Yanacocha fell 17% in 2010.

A further rise in crude oil prices will dampen copper prices, though demand from key buyers in China, the United States and Europe so far looks solid, a senior executive at the world's top copper producer Codelco said on Wednesday.

The Brazilian miner said on Friday it will lose 5% of its total nickel production for 2011 as a result of a 16-week shut down of a smelter furnace in Canada Brazilian miner Vale said on Friday it will lose around 5 percent of its total 2011 nickel

Compañía Minera del Pacífico has awarded the EPCM contract or its Cerro Negro Norte iron ore mining projects to international engineering firm AMEC International engineering and project management company, AMEC, has been awarded an engineering,

“Worldwide, Canada, Australia, Brazil, and Chile will likely remain the best jurisdictions in which to invest in and develop mining projects. Each of these nations will likely continue to see economic growth and mining investment.” This comment comes from a report, 2011 Ranking of Countries for Mining Investment Where ‘Not to Invest’. Most of us will agree with the company’s statement “the mining industry is vital to the creation of wealth and prosperity in any country. Countries that stifle it with detrimental political, economic, financial, and regulatory policies should be challenged to make changes that are more accommodative to its success.”