Toronto-based Aurico Gold (TSX:AUQ,NYSE:AUQ) reported a fourth-quarter loss of $134.4 million after taking a $127 million impairment charge related to stripping costs at its El Chanate mine in Mexico. The loss compares to net income of $23 million during the fourth quarter of 2011.Polyus Gold (LSE:POLG), Russia's largest gold miner, saw its share price drop this week after it announced delays to its Natalka project. Reuters reported that the large gold mine in the Russian Far East will begin operations in summer 2014, not by the end of this year as was previously planned.
Gold Price Languishes On Cyprus Calm
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