Barrick Gold Corp., the largest producer of the metal, reported first-quarter profit that beat analysts’ estimates after costs were better than expected. The company also said it may suspend a Latin American project.
Chesapeake Energy Corp. replaced former Chief Executive Office Aubrey McClendon with one of the co-founder’s longest-serving lieutenants as the second-largest U.S. natural gas explorer shifts its focus to pumping oil.
Industrias Penoles SAB, the world’s largest producer of refined silver, will spend about the same on capital expenses this year as it did in 2011 as it seeks to boost production and reduce energy costs.
Chesapeake Energy Corp. exonerated co-founder and outgoing Chief Executive Officer Aubrey McClendon for privately borrowing hundreds of millions of dollars from some of the company’s biggest financiers.
Continental Resources Inc. , the oil and natural gas company controlled by Oklahoma billionaire Harold Hamm , boosted planned spending 53 percent to $1.3 billion to accelerate drilling in five states this year.