EPA won’t pay mine spill claims

Temporary suspension of Laverton (WA) mining operations due to cyclone-related rains Crescent Gold Limited (ASX: CRE, TSX: CRA) advises that as a safety precaution, it has temporarily suspended operations at the Company's wholly-owned Laverton Gold.

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.

Crystallex International Corporation has filed a request for arbitration against the government of Venezuela, and is seeking over US$3.8 billion in damages over a revoked mine contract.

Newmont/Buenaventura major Peruvian gold mine, Yanacocha, saw 2010 gold sales well below 2009 due to declining grades, but higher gold price compensates LIMA

The Obama Administration has called for a hardrock mining royalty and a new hardrock AML fee, along with other fees and tax […]

Vancouver’s junior mining sector was abuzz with merger and acquisition activity Monday morning while gold prices edged upward on the Toronto Stock […]

Gold prices eased on Friday to below $1,360 an ounce, after Egypt’s vice president announced that President Hosni Mubarak is to step […]

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

Ian Smith, CEO of Newcrest Mining Limited, announced on Friday that he is stepping down. Greg Robinson, executive director of finance at […]