A partnership between Barrick Gold (TSX:ABX,NYSE:ABX) and Chile's Antofagasta (LSE:ANTO) to develop a $3.3-billion copper-gold mine in Pakistan has been rejected. Reuters reported that the joint venture to develop Reko Diq mine was declared invalid by Pakistan's top court. The crux of the problem comes down to the Pakistani provincial government of Baluchistan, which refused to convert an exploration permit into a mining license, Reuters said.Goldcorp (TSX:G,NYSE:GG) hiked its dividend 11 percent on Monday (60 cents per share) and forecast a 10-percent increase in gold production this year to between 2.55 and 2.8 million ounces. Vancouver-based Goldcorp also said that it will begin reporting "all-in" cash costs, which include, among other things, general and administrative (G&A) expenses and exploration costs, rather than only the direct costs involved in mining and selling gold ore. For 2013, that means Goldcorp expects costs to be in the range of $1,000 to $1,100 an ounce.
Dollar's Loss Is Gold's Gain
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