London-listed Petra Diamonds has reduced its production targets at its mines in Africa for this fiscal year by 0.25 million carats to 2.85 million carats.
Canadian Yukon-Nevada Gold Corp. (TSX:YNG) reported it slipped to a loss in its second-quarter due to the absence of prior year's gain and higher costs.
Deutsche Bank expects that platinum supply could see further cutbacks as economic/social pressures in South Africa mount and the price could be dragged higher by stronger gold prices over the remainder of 2012.
Sepro Mineral Systems has been awarded a contract by Hemco, Nicaragua’s second largest gold producer, to supply a milling and gravity recovery circuit for the company’s operation in the municipality of Bonanza in north-eastern Nicaragua.
1,500 Sukari Gold Mine workers have declared a third day of strikes as they demand raises, the re-hiring of arbitrarily fired employees and the passing of a law that would make bonuses obligatory for dangerous work.
Two and a half years after an earthquake devastated Haiti, killing more than 300,000, the country could use a windfall to help in its rebuilding efforts. Now, thanks to its mineral wealth, Haiti could begin making its way out of being one of Latin America’s poorest countries.