Thursday, April 10th 12:33 PM

Gold miners have cut unit costs 8% year-over-year, while notional cash expenditures and all-in costs are down 21% and 20%, respectively, but it still might not…..Continue

Hecla Mining Silver output rises sharply to 2.5 million ounces in Q1

  • Hecla Mining Co. has reported that its silver output rose sharply to 2.5 million ounces in the first quarter, up 32% from 1.9 million in the same period a year ago.

Allied Nevada Gold, Silver sales and production rise sharply in March quarter

  • Allied Nevada Gold Corp. (TSX:ANV)(NYSE MKT:ANV) has reported its gold and silver production and sales in the first quarter advanced sharply at Hycroft mine in Nevada.

Dubai Diamond Exch-ALROSA sign co-operation agreement in Dubai

  • The Agreement aims to strengthen cooperation between DDE and ALROSA with both parties contributing to the development of a competitive rough and polished diamond market in Russia

Miners: Falling Gold prices reduce value of reserves

  • During a period of steeply rising gold prices from 2005 to 2012, the major gold miners increased their reserves calculation prices, somewhat below but largely in tandem with gold prices

PDAC supports Canada Govt effort to develop mining,exploration activities

  • PDAC also supports and looks forward to working with the Government on northern infrastructure, northern regulatory improvement, and northern economic development to help expand the transportation, energy and community infrastructure necessary to support resource development in northern and remote regions.

Argonaut Gold files prefeasibility study on Magion Property

  • Argonaut Gold is a Canadian gold company engaged in exploration, mine development and production activities. Its primary assets are the production stage El Castillo Mine in Durango, Mexico, and the La Colorada Mine in Sonora, Mexico

Rio Alto Mining reports quarterly record production of 70.551 ounces of Gold

  • Rio Alto forecasts producing between 190,000 and 210,000 ounces of gold in 2014 at adjusted operating costs forecasted to be in the range of $629 to $695 per ounce of gold sold. All-in sustaining costs - including selling, general and administrative costs, exploration, and sustaining capital

Luna Gold recommences operations a Aurizona Gold Mine in Brazil

  • Yesterday, a meeting was held between the local government and representatives of community members engaged in demonstrations concerning the progress of government-sponsored infrastructure projects

Investors worried about bearish Gold but not low cost Gold producers

  • From a purely economic perspective, $1500, 1600 per ounce gold could then give above normal profits for gold miners not to speak of the scenario of $1900 and above. That lends credence to the belief that gold prices have been manipulated by hedge funds and large institutional players who poured money in ETFs and derivatives instruments.
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