For miners 2016 amounted to the fifth year of the industry downturn, albeit with a renewed sense of better days ahead with rallies for gold, silver, copper, zinc, iron ore and coking coal. The following are our picks as the year's top stories: 10. Rubicon's hubris - Rubicon Minerals kicked off the year with a shocker: at its Phoenix gold mine under construction in Ontario's Red Lake camp, contained gold ounces in the indicated resource category had plunged 91% from a 2013 resource estimate, while contained gold ounces in the inferred category had fallen 86%. The company halted all work and spent the rest of the year in restructuring mode to stave off bankruptcy.
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