Mining.com

By Michael Allan McCrae Unlike the other two gold majors Newmont had a quarter to trumpet with a second quarter coming in at $144 million or 26 cents per diluted share. Newmont Mining (NYSE:NEM) was up 2.14% to $38.27 per share. Analysts expected 24 cents a share. Yesterday Barrick reported a net loss of US$94 […]

By Michael Allan McCrae Barrick reported a net loss of US$94 million or 8 cents per share, and adjusted net earnings of $81 million or 7 cents per share for the second quarter of 2018. Barrick (NYSE:ABX) traded down -1.18% to US$11.68 as of 5:42 p.m. EDT. Barrick said earnings and cash flow impacted by

By United Steelworkers (USW) WILLIAMS LAKE, BC, July 25, 2018 /CNW/ – Some 200 members of the United Steelworkers (USW) at Mount Polley mine near Williams Lake, B.C., are set to vote on a tentative agreement next week, following an eight-week strike in response to a company lockout and attempts to extract concessions. “Our members

By Firmatek According to the sustainable development division of the United Nations, in the 20th century, the large-scale extraction of minerals used in construction increased by 34 times, while the extraction of industrial minerals and ores increased by 27 times. Both of these figures show that the increase in the pace of resource extraction significantly

By Globe Newswire TORONTO, July 25, 2018 (GLOBE NEWSWIRE) — McEwen Mining Inc. (NYSE:MUX) (TSX:MUX) reports additional encouraging exploration results from its ongoing $15 million exploration program at the Black Fox Complex near Timmins, Ontario, Canada. McEwen’s 2018 exploration goals are to grow known deposits and make new discoveries to contribute to near-term gold production.

By Reuters TORONTO, July 25 (Reuters) – Freeport-McMoRan Inc, the world’s biggest publicly listed copper miner, reported bigger-than-expected earnings on Wednesday, as production and prices soared above last year, but flagged market jitters from global trade disputes. Uncertainty around the economic impact of a U.S.-China trade war has pushed copper prices lower in recent weeks,

By Cecilia Jamasmie Unionized workers at Chile’s Escondida copper mine, the world’s largest, are discussing the final wage offer presented Wednesday by majority owner and operator BHP (ASX, NYSE:BHP) (LON:BLT), which looks shy of what employees wanted. The company has offer workers a signing on bonus of $27,000, up from an earlier offer of $23,000,

By Reuters South African gold producers on Wednesday urged unions to narrow their demands after a third round of wage negotiations saw unions rejecting offers of annual wage increases of up to 6.5 percent for miners and up to 4.5 percent for skilled workers. Four companies are negotiating – Sibanye-Stillwater , Harmony Gold, AngloGold Ashanti

By Cecilia Jamasmie Canada’s Wheaton Precious Metals (TSX:WPM), the world’s No.1 silver streaming company and Sibanye’s (JSE: SGL) (NYSE:SBGL) closed Wednesday a deal through which Weathon buys buy all gold production from Stillwater and East Boulder mines in Montana. Wheaton has bought all of Stillwater’s gold production for the life of the mine and, initially,

By Cecilia Jamasmie Africa-focused gold producer Randgold Resources (LON:RSS) said Wednesday that production at its Kibali mine, in the Democratic Republic of Congo, was rising steadily on the back of the optimization of its automated underground operation. The company, which has five operating gold mines across west and central Africa, said Kibali was on track