Court Rules in Favor of Barrick Gold

Reno, Nevada — A U.S. District Judge today ruled in favor of Barrick Gold Corp. [[ABX]] by declined to grant an injunction regarding the Bureau of Land Management’s recent approval of Barrick’s Cortez Hills Project in Lander County, Nevada. District Judge Larry Hicks’ ruling followed four days of testimony and oral argument after two activist [...]

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Newmont Acquiring Boddington Project in Western Australia

Denver, Colorado — Newmont Mining Corporation [[NEM]] announced today that it will acquire the remaining interest in the Boddington project in Western Australia from a subsidiary of AngloGold Ashanti Ltd. Newmont will own 100% of the Boddington project, which is the largest gold project in Australia, and Newmont’s proven and probable gold reserves at Boddington [...]

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Gold Production Fell 4%

2008-gold-production

The output of the world’s gold mines fell by 4% last year, according to estimates in a new report from the GFMS, a consultancy. Among the largest drops came from South Africa, previously the world’s largest producer, which fell by 14% as well as Australia whose output fell by 14%. China, Russia, and Peru, each [...]

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IAMGOLD Appoints Senior Vice President, West African Presence Expands

IAMGOLD [[IAG]] appoints Brian Chandler as Senior Vice President, African Operations. Chandler will lead the expansion on the African continent. Chandler’s background is a professional engineer with “25 years’ experience in many aspects of the mining industry” based on statements from the company. Prior to the appointment, Chandler held a position as a consultant. “[Chandler] [...]

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Goldcorp Achieves Record Quarterly Gold Production

Vancouver, British Columbia — Goldcorp Inc. [[GG]] — Today announced record fourth quarter gold production of 692,000 ounces. Gold production for the 2008 year exceeded 2.3 million ounces, meeting previously issued guidance. Goldcorp’s year-end unaudited financial statements are expected to be released on February 19, 2009. The calculation of operating costs for 2008 has not [...]

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