Posts Tagged ‘firm’

Freeport McMoRan Copper & Gold and its Indonesian union are discussing a possible pay deal to end a three-month strike that has crippled output from the world’s second biggest copper mine, which would double pay for some skilled workers. Union spokesman Juli Parorrongan said the firm’s management seemed ready to explore a proposal for an increase of 35 percent for the lowest level of ... Full story

Castlestone's Aliquot Gold Bullion fund has underperformed under the weight of unusually high charges, fund factsheets reveal. Inflows on three of the firm's funds were briefly suspended and several of its managers have left. The Aliquot Gold Bullion Full story

Share this article: The first half of 2011 is over. With the summer solstice just behind us, my firm would like to review the first half of 2011 and look at what is ahead. Last year gold gained 26%, its third double-digit gain of the last four years Full story

TORONTO (miningweekly.com) Toronto-based Crocodile Gold has appointed Chantal Lavoie as president and CEO, effective June 17, the firm announced on Tuesday. Lavoie's previous role was as acting CEO of De Beers Canada, where he was responsible for the Full story

TORONTO (miningweekly.com) Toronto-based Iamgold increased its gold reserves by 13% in 2010, while mineral reserves of niobium rose 34%, the firm said on Thursday. The company's total attributable proven and probable gold reserves rose 1,9-million Full story

Aquarius Platinum reveals much improved production results for the second quarter with output up strongly at Kroondal, its flagship asset.And the firm says it is on target to meet production guidance for the 2011 financial year.Attributable production Full story

TORONTO (miningweekly.com) – Eastern Platinum has completed a C$347,6-million equity financing, the firm said on Thursday. Eastplats issued 224,25-million shares, including the exercise of the full over-allotment option in the offering Full story

TORONTO (miningweekly.com) - Agnico-Eagle Mines has approved a 256% increase in its quarterly dividend, and expects gold production will be about 18% higher in 2011, the firm said on Wednesday. The Toronto-based company will pay a quarterly cash dividend Full story

TORONTO (miningweekly.com) Toronto-based Gammon Gold's is on track to meet its production and cost targets for 2010, the firm said on Tuesday. Gammon has forecast output of between 100 000 oz and 110 000 oz of gold and 4,4-million to 4,95-million ounces Full story

John Paulson almost single-handedly made gold “cool” again on Wall Street. The man who made billions betting against subprime debt put the spotlight on gold when his firm revealed in May 2009 that he was betting on gold in a big way Full story