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Showing posts with label Centerra reports 396% increase in 3Q11 net earnings. Show all posts
Showing posts with label Centerra reports 396% increase in 3Q11 net earnings. Show all posts

Nov 4, 2011

Mineweb Top Stories: Centerra reports 396% increase in 3Q11 net earnings

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TOP STORIES | Friday , 04 Nov 2011                                                     

Centerra reports 396% increase in 3Q11 net earnings

Centerra Gold increased its 2011 gold guidance to 640,000 to 660,000 ounces, due to higher than anticipated production from its flagship Kumtor Mine in the Kyrgyz Republic.    Friday , 04 Nov 2011

Eldorado Gold on track to meet 650,000 ounce production target for 2011

As the Efemçukuru mine ramps up in Turkey, Eldorado Gold's board has approved a 20.5 million-tonne expansion of its other Turkish operation, the Kişladağ mine.    Friday , 04 Nov 2011

China's economy to stay resilient despite visibly slowing - Rio Tinto

The miner is of the opinion that China's economic growth will remain fairly resilient to even quite a sharp correction in developed economies despite signs of a slowdown and softening demand for industrial commodities.    Friday , 04 Nov 2011

India's JSW and Birla eye $5bn in coal assets of Australia's New Hope

Two Indian firms fight it out for coal assets in Australia even as another Chinese company is part of the bidding process for Australian coal miner New Hope Corporation.    Thursday , 03 Nov 2011

Canada's Golden Mile regains its shine

After producing millions of ounces of gold in the early part of the last century, the fortunes of the town of Kirkland Lake waned but, as gold prices soar, so Canada's Mile of Gold is getting a new lease on life    Thursday , 03 Nov 2011

Uber-high grades bode well for Extorre Gold's forthcoming production decision

Extorre Gold Mines has added uber high-grade ounces at its Cerro Moro project and suggested a coming scoping study paves the way for it to make a ‘financing and mine development decision.'    Thursday , 03 Nov 2011

Westgold unearths new gold target near famous Western Australian mine

New life may be breathed into an historic mining centre in the Murchison region of Western Australia close to the historic Great Fingall gold mine.    Thursday , 03 Nov 2011

Greece's referendum and the impact on gold currency markets

If the referendum goes ahead, it will likely be the end of Greece's role in the EU and a much harder road for Europe, either way, Julian Phillips says, one should expect a very volatile December    Friday , 04 Nov 2011

Alpha Natural Resources' Q3 profit beats estimates

For coal miner Alpha Natural Resources, the third quarter saw it more than double earnings on the back of higher prices for steel-making coal and additional mines acquired from Massey Energy.    Friday , 04 Nov 2011

Uranium One lifts Tanzania project resource by 42%

The official resource at Uranium One's Mkuju River uranium project in Tanzania has been lifted by 42% and will be used as the basis for a feasibility study due in the first quarter of 2012.    Friday , 04 Nov 2011

Newmont halts Peru mine works on fears of protester invasion

The company halted work at its Minas Conga project on Thursday as a precaution for fear it would be invaded by protesters after talks with the local residents over the building of the mine failed.    Friday , 04 Nov 2011

CoAL raises $106m in stock placing

South Africa-based Coal of Africa has raised about $106 million in a stock placing, the proceeds of which will mainly be used to bring its Vele Colliery into production and complete the acquisition of Rio Tinto's Chapudi Coal project.    Thursday , 03 Nov 2011

Mexican tax charge hits Alamos Gold's Q3 profit

The miner's earnings for the quarter to end September fell 73%, to $5.4m, dented partly by a tax charge related to a weaker Mexican peso.    Thursday , 03 Nov 2011

Russel Metals posts higher Q3 profit

The company's net earnings rose to C$25.7 million in the third quarter, underpinned by growing demand in its metals segment.    Friday , 04 Nov 2011

Yesterday's Top Story: USW calls for DOJ investigation of reported FCX foreign corrupt practices

The U.S. Department of Justice has been asked to investigate if Freeport-McMoRan has violated the Foreign Corrupt Practices Act through alleged bribery of Indonesian security forces.    Thursday , 03 Nov 2011

PODCASTS / RADIO                                                     

Gold prices, cash costs and Randgold quarterlies - Mark Bristow

Randgold CEO, Mark Bristow, talks about the direction of the gold price, cash costs and the group's latest set of quarterly numbers

Harmony's Quarterly earnings, dividends and Wafi Golpu - Graham Briggs

A look at Harmony Gold's quarterly numbers, the group's dividend plans and Wafi Golpu which, Briggs says, is going to be rather reminiscent of Freeport's Grasberg mine

Behind iron ore's price slump - Rhynhardt Roodt

A look at the reasons behind the 34% drop in iron ore prices during October and what this means for earnings going forward

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