Venezuela Gold Miner Sees 1.2 Tonnes Output in 2011

Reuters reported that Minerven, a Venezuelan state-owned gold miner, expects production of 1.2 tonnes of gold for 2011.

The market news is quoted as saying:

It is expected to produce 1.2 tonnes this year, down from 1.7 tonnes in 2010, but reverse that going forward as it takes over projects during the nationalization drive.

To read the full market news, click here.