| These selected stories represent only a fraction of the news and analysis featured and updated all day on Mineweb.com - check out our home page for the rest of the news and expert analysis now available at www.mineweb.com | | | | U.S. economic growth, China's social housing programme, Eurozone difficulties and oil prices all likely to impact metals demand in 2012. | | | | | TOP STORIES | Friday , 02 Mar 2012 | | Scotia Capital asserts that the growing silver supply tarnishes the outlook for the precious metal although luster can still be found in silver equities. Friday , 02 Mar 2012 | | The combination of increased gold production, low total cash cost, and strong commodity prices, led New Gold to the "strongest financial performance in the company's history." Friday , 02 Mar 2012 | | Trevali brings Glencore into the fold through an $18 million financing that analysts agree should help it get its Peruvian zinc-lead project to production. Thursday , 01 Mar 2012 | | Gold's movement over the weekend will tell whether Wednesday's big sell off was designed to force weak hands out of the market or if yesterday's recovery was a dead cat bounce. Friday , 02 Mar 2012 | | Despite gold having fallen Wednesday after the US Fed showed no sign of continuing market-sweetening bond purchases, investors and analysts say emerging market demand for the metal will sustain the gold bull. Friday , 02 Mar 2012 | | Platinum appears to be rapidly overhauling gold as its fundamentals improve as industry picks up coupled with African mine troubles and it looks set to re-establish its price premium in the very near future. Thursday , 01 Mar 2012 | | Tsvangirai: "There is no grabbing, there is no nationalisation", but Kasukuwere seems to have a different scenario in mind, particularly with respect to Impala's Zimbabwe platinum mining unit. Thursday , 01 Mar 2012 | | Silver prices leapt to a 7-month high in India on the same day that prices plummeted 7% in the international market. Despite the crash, traders expect a 35% rise by end 2012. Thursday , 01 Mar 2012 | | Guyana has been good to Sandspring Resources with drilling results showing strong gold mineralization well outside its already burgeoning resource base. Thursday , 01 Mar 2012 | | The company lowered CEO Klaus Kleinfeld's performance-based compensation for 2011 to $1.51 million as its shares slumped by more than half. Friday , 02 Mar 2012 | | CEO Vitaly Nesis said Thursday the company is eyeing acquisitions in Kazakhstan, Armenia, Ukraine, the Russian Far East and Urals, adding that activities in Finland were also of interest. Thursday , 01 Mar 2012 | | Energy minister Wilson Pastor says the contract with Chinese-owned Ecuacorriente will be signed on Monday, paving the way for the miner to develop its El Mirador copper mine. Friday , 02 Mar 2012 | | Workers at First Quantum Minerals' flagship Kansanshi copper mine downed tools on Thursday, demanding a 17% salary increment while the management is offering 13%. Friday , 02 Mar 2012 | | The recommendation was made after Extract Resources failed to uncover any rival bidders and takes CGNPC a step closer to winning control of its giant Husab uranium project in Namibia. Thursday , 01 Mar 2012 | | The government granted mining company Talvivaara approval to start extracting uranium as a by-product at its mine in Sotkamo, which mainly produces nickel and zinc. Thursday , 01 Mar 2012 | | The FTSE 100 copper miner posted a flat core profit for 2011 as stronger metal prices were offset by an 18% rise in production costs. Thursday , 01 Mar 2012 | | The report that China will increase rare earths exports this year is seen as Chinese spin on already-known figures with HREE exports in particular still heavily controlled under the latest quotas Friday , 02 Mar 2012 | | Does the crash in gold and silver prices, reportedly due to a single huge 31 tonne gold sell order, create a window of opportunity for precious metals investors? Thursday , 01 Mar 2012 | | Kerry Smith of Haywood Securities talks about financing in the junior mining sector and the interface between juniors and bigger companies in JV situations and gives his views on the gold price in 2012. | | Luquman Shaheen, CEO of Peruvian explorer Panoro Minerals, explains the political and social complexities facing miners and explorers in Peru | | GoldMoney founder James Turk, believes, while one can't predict what the catalyst is going to be that will force gold and silver higher, the bull market remains intact | | Anglo American CEO, Cynthia Carroll, talks to Mineweb about the prospects for iron ore, copper and why she is not concerned about Glenstrata | | |
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Gold Resource Corporation reports record annual production results for 2011 and maintains 2012 outlook COLORADO SPRINGS - February 29, 2012 - Gold Resource Corporation (NYSE Amex: GORO) today announced record 2011 production, fourth quarter results and provides its 2012 production outlook which continues to target an aggressive low-cost growth profile. Gold Resource Corporation is a low-cost gold producer with operations in the southern state of Oaxaca, Mexico. 2011 YEAR-END HIGHLIGHTS - Record production of 66,159 ounces precious metal gold equivalent (AuEq)
- Annual cash cost of $136 per ounce AuEq (excluding royalty expense)
- Record annual revenue of $105 million
- Record annual mine gross profit of $87 million
- Record annual net income of $58 million or $1.10 per share
- Record annual dividend distributions of $26.5 million, or $0.50 per share
- Physical gold and silver treasury of $2.5 million
- Stock repurchase of 104,251 shares at an average price of $18.69 per share
- Increased cash in bank from approximately $48 million to $52 million
For full release, click here... | | | | | | | | | | | CONFERENCES | PDAC 2012 | | Date: 04 March 2012 - 07 March 2012 | | Venue: Metro Toronto Convention Centre (South), Toronto, Canada | | The annual Prospectors & Developers Association of Canada (PDAC) conference and exhibition is the largest mineral exploration event held anywhere in the world. Last year's conference saw attendance from more than 27,000 delegates. Read More | | Investing in Asian Mining Indaba | | Date: 29 October 2012 - 31 October 2012 | | Venue: Marina Bay Sands, Singapore | | he organisers of the world's largest mining investment event, Investing in African Mining Indaba, will bring its successful business event platform to Asian soil: Investing in Asian Mining Indaba will be held 29-31 October 2012 at the Marina Bay Sands Singapore, www.AsianMiningIndaba.com. The An... Read More | | | | | | FEATURED
COMPANY | ENGINE ROOM Editorial Europe Lawrie Williams, London
Geoff Candy, Groningen
Americas Dorothy Kosich, Reno
Kip Keen, Halifax, NS
Asia and Australasia
Shivom Seth, Mumbai
Ross Louthean, Perth
Kerry Stevenson, Sydney Africa Christy Filen, Johannesburg
Sales and Marketing
Jan Chadwick, International
Wendy Hora, Australasia
Production Lindiwe Molekoa, Johannesburg Editor in Chief Alec Hogg, Mooi River, SA | | |
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