Posts Tagged ‘gold-production’

VANCOUVER, BRITISH COLUMBIA–(Marketwire – Feb. 9, 2012) -   Silvercorp Metals Inc.  (“Silvercorp” or the “Company”) (TSX:SVM)(NYSE:SVM) today released production guidance for fiscal year ending March 31, 2013. The Company forecasts its silver production to increase by 20%, gold production to increase by 90%, and lead and zinc production to increase by 12% and 63% respectively, marking the 8 th  consecutive year of increases ... Full story

VANCOUVER, BRITISH COLUMBIA–(Marketwire – Feb. 8, 2012) -   Silvercorp Metals Inc.  (“Silvercorp” or the “Company”) (TSX:SVM)(NYSE:SVM) today reported its unaudited financial and operating results for the third quarter ended December 31, 2011 (“Q3 2012″). Full story

Eurasianet reports two new studies say that the massive Kumtor gold mine, controlled by Canada’s Centerra’s and the Kyrgyzs government, as a matter of routine ignores environmental legislation and makes it impossible for independent auditors to do inspections. The mine’s operations could have a far-reaching, deleterious effect on Central Asia’s water supply and the mine is run like a “private fiefdom”, one of the ... Full story

Fortuna Silver Mines boosted production by close to a third last year at its Mexico and Peru silver mines. Fortuna (NYSE:FM, TSE:FVI) said it produced 2.5 million ounces of silver in 2011, a 31% increase over 2010. Fortuna more than doubled its gold production to 7,000 ounces for a 174% increase over 2010. Full story

Freeport-McMoRan (NYSE:FCX), which operates the world’s largest gold and copper mine in Papua, Indonesia, said that its 4Q net income tumbled to $640 million or 67 cents per share compared with net income of $1.5 billion or $1.63 per share a year ago. Labour problems at its Indonesian mine caused copper and gold production to fall. The company did finish the year up. Full story

Newmont Mining (NYSE:NEM), the world’s fourth-largest gold miner, says it plans to spend $3.0 to $3.3 billion on capital expenditures in 2012. Full story

Aurizon Mines (TSE:ARZ) was down 1.82% today despite announcing a record year for gold production and strong growth prospects. Full story

China’s Ministry of Industry and Information Technology (MIIT) is drafting new standards for the gold industry which will raise the entry barriers, and companies with daily gold processing capacity of less than 50 tons will have to exit the industry, the Shanghai Securities News said on Tuesday.  Local governments, Reuters reports , have already received the order to shut small gold miners down.  The ... Full story

Highlights Fine gold production for the quarter was 16,348 ounces. Full story

Avocet's third-quarter gold production at its flagship Inata mine in Burkina Faso fell to 33,256 oz from 39,423 oz in the previous quarter, weighed down mainly by lower grades and an equipment failure. (Reuters) - West Africa-focused Avocet Mining Full story