Friday, February 29, 2008

Northgate posts fourth quarter results

Northgate posts fourth quarter net income of $32 million

Coeur Reports Fourth-Quarter and Year-End 2007 Results: Financial News - Yahoo! Finance

2007 production of 11.5 million ounces of silver and 92,014 ounces of gold
Completed acquisitions of Bolnisi Gold NL and Palmarejo Silver and Gold Corporation

Coeur Reports Fourth-Quarter and Year-End 2007 Results

Thursday, February 28, 2008

Bolivia's silver mountain regains lost luster

Bolivia's silver mountain regains lost luster

Gold hits new record of $974.80

Gold hits new record of $974.80 on dollar's tumble

Golden Star Reports

Record gold sales of 246,278 ounces from Bogoso/Prestea and Wassa (

Golden Star Reports Financial Results for Fourth Quarter and Year-End 2007

Mineral Reserves, after mining depletion, increased by 780,000 ounces, or 19%, during 2007 to 62.3 million tonnes grading 2.46 grams per tonne (g/t) for contained gold of 4.93 million ounces at year end.

Golden Star Updates Mineral Reserves and Mineral Resources at December 31, 2007

Lundin Mining Releases Preliminary Q4 2007 Results

Lundin Mining Releases Preliminary Q4 2007 Results

Wednesday, February 27, 2008

Barrick Gold Corporation: Pueblo Viejo Project Moves Forward

Pueblo Viejo is a $2.7 billion gold mining project jointly owned by Barrick Gold Corporation (60%) and Goldcorp Inc. (40%)

Production is projected to be almost one million ounces of gold per year during the first full five years of production.

Total proven and probable reserves for Pueblo Viejo at December 31, 2007 were estimated to be 20.4 million ounces1 of gold with 423.6 million pounds of copper and 117.3 million ounces of silver contained within the gold reserves.

Barrick Gold Corporation: Pueblo Viejo Project Moves Forward-Represents Largest Foreign Investment in the Dominican Republic: Financial News - Yahoo! Finance

Monday, February 25, 2008

Stillwater Mining Reports Modest Fourth Quarter 2007 Profit, Loss for Full Year;

Stillwater Mining Reports Modest Fourth Quarter 2007 Profit, Loss for Full Year; Post-2007 PGM Price Surge

Silver Wheaton Reports Record Annual Earnings

Silver Wheaton Reports Record Annual Earnings and Operating Cash Flows

Sunday, February 24, 2008

Nice Article on Freeport-McMoRan CEO

PROFILE-Freeport-McMoRan CEO checks poker face at the door

Friday, February 22, 2008

Eldorado Gold 2007 Mineral Reserves and Mineral Resources

Gold resource ounces in all categories increased by 33% and proven and probable reserve ounces increased by 13%.

Eldorado Gold 2007 Mineral Reserves and Mineral Resources

First Quantum Minerals Reports Operational and Financial Results

First Quantum Minerals Reports Operational and Financial Results for the Three Months and Twelve Months Ended December 31, 2007

Hecla Reports Highest Revenue and Cash Flow in 117-Year History:

5.6 million ounces of silver produced at an average total cash cost of negative $2.81 per ounce, after by-product credits

Hecla Reports Highest Revenue and Cash Flow in 117-Year History: Record Low Silver Cash Costs

Kinross Reports Record 2007 Revenue, Increased Reserves:

Kinross Reports Record 2007 Revenue, Increased Reserves

Thursday, February 21, 2008

Louvem Mines Reports its Fourth Quarter and Year End Results

Louvem Mines Reports its Fourth Quarter and Year End Results for 2007

Agnico-Eagle reports record fourth quarter 2007 results

Agnico-Eagle reports record fourth quarter 2007 results

As South American rivers dry up, miners tap ocean

As South American rivers dry up, miners tap ocean | Reuters

Top Gold Producers for 2007

8 out of the top 10 gold miners have reported 2007 production.
It appears the Top 10 (followed by last year;s rank) will be.

1. Barrick Gold (1)
2. Anglogold Ashanti (3)
3. Newmont Mining (2)
4. Gold Fields (4)
5. Goldcorp (6)
6. Freeport McMoRan (8)
7. Harmony (5)
8. Newcrest (9)
9. Kinross (7)
10. Zijin (-)

Newmont production (-10.0%) dropped more than Anglogold (-2.9%), so they switched postions.
Freeport McMoRan recovered from a weak 2006 (+27.3%)
Goldcorp and Newcrest had increases, while Harmony and Kinross had drops.
Buenaventura (#10 in 2006) was impacted by Yanacocha results (like Newmont) and dropped to #16.

Results so far: GOLDSHEET Mining Directory Gold Production Table

Goldcorp Reports Record Net Earnings

Goldcorp reported record net earnings of $256.5 million, or $0.36 per share, for the quarter ended December 31, 2007 and $460.1 million or $0.65 per share, for the year. Production in 2007 increased 35% to 2,292,600 gold ounces at a total cash cost of $163 per ounce.

2007 Full-Year Highlights

- Enhanced position as top gold producer in Canada by acquiring 100% ownership of Musselwhite and Porcupine mines in Ontario.
- Approved Penasquito expansion to 130,000 tonnes per day.
- Increased gold reserves 9% and silver reserves 37%.
- Completed portfolio simplification initiative by disposing of non-core assets: Peak, Amapari and 50% stake in La Coipa.
- Sold entire investment in Silver Wheaton to syndicate of underwriters for cash proceeds of approximately $1.6 billion, received February 14, 2008.
- Paid $126.9 million in dividends.

Goldcorp Reports Record Net Earnings in Fourth Quarter

Barrick Acquires Additional 40% Interest in Cortez Property in Nevada

The acquisition will increase Barrick's share of proven and probable reserves by 4.6 million ounces to 11.5 million ounces and measured and indicated mineral resources by 1.4 million ounces to 3.5 million ounces.

When the Cortez Hills project is commissioned, the Cortez property is expected to become a significant contributor to Barrick's quality Nevada production base, with average annual production between 950,000 - 1,000,000 ounces of gold at total cash costs of $280-$290 per ounce in the first full five years of production.

Barrick Acquires Additional 40% Interest in Cortez Property in Nevada; Cortez Expected to Become a Million-Ounce, Low-Cost Producer: Financial News - Yahoo! Finance

Barrick's Q4 Earnings Increase 28% to $0.62 per Share; Grows Reserves and Resources

Full year production was 8.06 million ounces of gold at total cash costs of $350 per ounce and 402 million pounds of copper at total cash costs of $0.83 per pound

Gold reserves, based on a $575 gold price, increased to 124.6 million ounces(3), more than replacing depletion of 9.5 million ounces, and continue to be the highest in the industry. Measured and indicated gold resources grew 45% to 50.6 million ounces on exploration success at a number of projects.

Reserves and resources do not include the Company's recently acquired interest in Cerro Casale due to insufficient time, after acquisition of our interest in December 2007, to complete the work necessary to incorporate this deposit in year-end results, nor do they include any effect for our acquisition of the remaining 40% interest in the Cortez Joint Venture.

Barrick's Q4 Earnings Increase 28% to $0.62 per Share; Grows Reserves and Resources

Newmont Reports Fourth Quarter and 2007 Financial and Operating Results

Newmont Reports Fourth Quarter and 2007 Financial and Operating Results

Wednesday, February 20, 2008

Pan American Silver Increases Estimated Proven and Probable Silver Reserves to 228 Million Ounces

Pan American Silver Increases Estimated Proven and Probable Silver Reserves to 228 Million Ounces

Tuesday, February 19, 2008

Driving to the Gold Rush - New York Times

Driving to the Gold Rush - New York Times

Newcrest Mining H1 operating profit jumps

18% production increase (904,721 vs. 763,986)
On track to do "between 1.81 million and 1.89 million ounces of gold in fiscal 2008",
which might move them past Harmony gold on my Gold Production Table

Newcrest Mining H1 operating profit jumps

Complete Press Release (pdf) from Newcrest Website

U.S. Silver Reports Achieving Production Increases of 86% Over Last 5 Months

U. S. Silver owns and operates the Galena, Coeur, and Caladay silver-lead-copper mines in Shoshone County, Idaho,

U.S. Silver Reports Achieving Production Increases of 86% Over Last 5 Months

Richmont Mines Announces Reserve Increases and 2007 Production Results

Year-end reserves increased as exploration results outpace production: 2007 year-end reserves at 361,000 ounces from 49,490 in 2006 with addition of Island Gold and 53% increase at Beaufor

2007 gold production of 45,304 ounces compared with 44,865 ounces in 2006

Richmont Mines Announces Reserve Increases and 2007 Production Results

Goldcorp Announces 9% Increase in Gold Reserves

Proven and probable gold reserves increased 9% in 2007 to 43.4 million ounces as of January 1, 2008. Proven and probable silver reserves increased 37% to 1.1 billion ounces.

Goldcorp Announces 9% Increase in Gold Reserves

Monday, February 18, 2008

Northgate Completes Acquisition of Perseverance

Northgate Completes Acquisition of Perseverance

Sunday, February 17, 2008

Platinum hits record at $2,087 on supply squeeze

Platinum hits record at $2,087 on supply squeeze

Thursday, February 14, 2008

Impala reports record earnings

The platinum producer reported record refined platinum production of 1.03 million ounces for the six months to end December 2007.

Impala reports record earnings

Wednesday, February 13, 2008

Gryphon Gold Announces Planned Merger With American Bonanza

Gryphon Gold Announces Planned Merger With American Bonanza

Hecla to Acquire Assets of Independence Lead Mines

Hecla to Acquire Assets of Independence Lead Mines

Inmet announces fourth quarter 2007 earnings

Inmet announces fourth quarter 2007 earnings of $1.32 per share

Tuesday, February 12, 2008

Teck Cominco Reports Fourth Quarter Results for 2007:

Teck Cominco Reports Fourth Quarter Results for 2007

Hecla Acquires 70.3% of Greens Creek Mine for $750 Million:

Hecla will control 100% of the world’s fifth largest silver mine
Almost doubles Hecla’s annual silver production to approximately 11 million ounces
Increases silver reserves by about 150% and gold reserves by about 140%
Greens Creek is among the lowest cash cost silver mines in North America

Hecla Acquires 70.3% of Greens Creek Mine for $750 Million

Sunday, February 10, 2008

Miner may sell Australian assets

Newmont Mining has indicated it may sell off most of its Australian assets after it conducts a company-wide review this year.

Miner may sell Australian assets | smh.com.au

Thursday, February 7, 2008

SEMAFO Reports Operating Results for 2007

SEMAFO (TSX - SMF) today announced that fourth quarter 2007 gold production was 26,700 ounces, an increase of 24% over the same period in 2006. Gold production totaled 106,400 ounces in 2007

SEMAFO Reports Operating Results for 2007 and Guidance for 2008

Newmont Sells 5.3 Million Equity Ounces of Gold in 2007

Newmont Sells 5.3 Million Equity Ounces of Gold in 2007 and Expects Comparable Gold Sales in 2008

AngloGold Ashanti Results for the Fourth Quarter and Year Ended 31 December 2007:

AngloGold Ashanti Results for the Fourth Quarter and Year Ended 31 December 2007

"For the year, gold production and costs were also affected by the same factors, which resulted in production of 5.5Moz, with total cash costs of $357/oz and headline earnings of $278m."

Wednesday, February 6, 2008

Centerra Gold Reports Fourth Quarter Earnings

Consolidated gold production for the fourth quarter of 2007 totaled 132,530 ounces
Consolidated gold production for 2007 totaled 555,410 ounces

Centerra Gold Reports Fourth Quarter Earnings

Cameco Reports Record Annual Revenue, Earnings and Cash Flow for 2007:

Cameco Reports Record Annual Revenue, Earnings and Cash Flow for 2007

Monday, February 4, 2008

Randgold Resources Limited Announces Q4 Results

Attributable gold production for the year of 444 573 ounces

Randgold Resources Limited Announces Q4 Results

Friday, February 1, 2008

Chinese Stake in Rio Rattles BHP Bid

Chinese Stake in Rio Rattles BHP Bid