Latin America

McEwen Mining (NYSE:MUX)(TSX:MUX) on Tuesday reported an armed robbery at its El Gallo 1 mine in Sinaloa, Mexico.   According to a statement an estimated 900 kilograms of gold-bearing concentrate containing approximately 7,000 ounces of gold were stolen from the refinery.   Based on today's prices the the heist is…
Barrick Gold wants to reduce debt of roughly $10 billion by almost a third this year and talks to sell two gold mines – Cowal in Australia and Porgera in Papua New Guinea – are at and advanced stage.   The world's top gold producer may also look at disposing…
Brazil Minerals (OTCBB: BMIX) mined a 4.01 carats diamond, it's largest to date.   The company said the gem has good appearance with the ability to yield high colour and clarity grades. The company plans to cut and polish the diamond before selling it.   Brazil Minerals is a U.S.…
Mining top executives are much gloomier about the current economic outlook than their counterparts in other industries, as the ongoing slump in key commodities, from iron ore to copper, continues to impact their business decisions.   CEOs however remain just as confident on their own company’s growth, according to PwC’s…
Chile's Supreme Court has declined to hear Barrick Gold’s (TSX, NYSE:ABX) appeal of a lower court's decision involving fines imposed on its now shelved $8.5 billion Pascua Lama gold-silver project by the country's environmental regulator, the company said. The appeal, filed by Barrick's local subsidiary, Minera Nevada, followed a confusing…
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