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Metals and Mining Gold Mining

  • Newmont's all-in sustaining costs, the gold industry cost benchmark, fell to $918 an ounce in the three months ended Dec. 31, from $1,036 an ounce a year earlier. Net loss attributable to stockholders from continuing operations widened to $391 million, or 73 cents per share, from $276 million, or 54 cents per share, a year earlier. The company recorded a $970 million...

  • Feb 21- Gold and copper miner Newmont Mining Corp reported a bigger quarterly loss on Tuesday as the company took an impairment charge of $974 million. The company's net loss attributable to stockholders from continuing operations widened to $391 million, or 73 cents per share, in the fourth quarter ended Dec. 31, from $254 million, or 54 cents per share, a year...

  • JOHANNESBURG, Feb 21- AngloGold Ashanti lifted force majeure on its Ghanaian Obuasi mine on Tuesday after the removal of thousands of illegal miners but said it was too early to determine the extent of damage to the loss-making, mothballed operation. AngloGold's shares were 2 percent higher after it posted 2016 headline earnings of $111 million, from a $73...

  • OTTAWA, Feb 16- Canada's main stock index edged up on Thursday to notch a fresh record high as Barrick Gold Corp jumped on the company's better-than-expected profits, though a drop in shares of Sun Life helped keep overall gains in check. Goldcorp Inc also drove the market higher as lower costs at its gold mines in the Americas helped its quarterly profit beat...

  • Feb 15- Agnico Eagle Mines said on Wednesday it would invest more than $1.2 billion in building a gold mine in Canada's Arctic and expanding another, making it one of the few gold companies to be constructing mines at a time when industry output is shrinking. Both Meliadine and Amaruq are in Canada's Nunavut territory. Meliadine's capital cost is roughly $900...

  • VANCOUVER, British Columbia _ New Gold Inc. on Wednesday reported a loss of $19.9 million in its fourth quarter. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 2 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • TORONTO _ Kinross Gold Corp. on Wednesday reported a loss of $116.5 million in its fourth quarter. The Toronto- based company said it had a loss of 9 cents per share. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share.

  • Feb 15- Some 1,000 unionized employees at Primero Mining Corp have gone on strike at the Canadian gold miner's San Dimas mine in Mexico, halting mining and milling operations, the company and union said on Wednesday. The National Union of Mine, Metal, Steel and Allied Workers of the Mexican Republic said about 1,000 workers began the strike at midnight.

  • The Toronto- based miner, which is hiking its dividend to 3 cents from 2 cents a share, said it will expand its hunt for new gold beyond trusted core districts and projects, to so-called' greenfield' areas. Some 80 percent of the $185- $225 million exploration budget is earmarked for the Americas, with much of the remainder for its African unit, Acacia.

  • TORONTO _ Barrick Gold Corp. on Wednesday reported fourth-quarter net income of $425 million, after reporting a loss in the same period a year earlier. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 21 cents per share. Barrick Gold shares have climbed 21 percent since the beginning of the year.

  • The Toronto- based miner, which is hiking its dividend to 3 cents from 2 cents a share, said it will expand exploration beyond core districts and projects to so-called' greenfield' areas. About 80 percent of its $185- $225 million exploration budget is earmarked for the Americas, with much of the remainder for its African unit, Acacia. Barrick, the world's biggest gold...

  • Feb 15- Unionized employees at Primero Mining Corp have gone on strike, resulting in a complete halt to mining and milling operations at the Canadian gold miner's San Dimas mine in Mexico, the company said on Wednesday. Depending on its duration, the strike could have a negative impact on the company's 2017 production, Primero said. As a result, it has decided to...

  • Feb 15- Goldcorp Inc reported a higher-than-expected fourth-quarter profit on Wednesday compared to a steep loss a year ago, as much lower costs at its gold mines in the Americas and a higher gold price offset lower production. That compared with a loss of $4.3 billion, or $5.14 per share, a year earlier when the Canadian miner wrote down the value of a mine in...

  • TORONTO, Feb 15- Barrick Gold Corp said on Wednesday that fourth-quarter profits rose from last year, reflecting further cost cuts and a rise in metal prices, as the world's largest gold miner increased its dividend and planned to further pare its debt. The Toronto- based miner reported an adjusted profit of $255 million, or 22 cents a share, up from $91 million, or 8...

  • TORONTO, Feb 15- Canadian miner Teck Resources Ltd reported a better-than-expected quarterly profit on Wednesday, lifted by a surge in the price of coal for steelmaking, but said weaker demand in recent weeks was eroding prices and sales. Shares of the Vancouver- based company, which also mines copper, gold and silver, were down 4.3 percent at C $31.27 in early...

  • LIMA, Feb 14- The new chief executive of Peru's biggest precious metals miner, Buenaventura, said on Tuesday that the price of gold would not likely trigger an industry-wide wave of new mining projects until it reached at least $1,350 per ounce. Victor Gobitz told Reuters in an interview that gold's recent rally, bringing it to about $1,225 an ounce on Tuesday, had...

  • LIMA, Feb 14- The new chief executive of Peru's biggest precious metals miner, Buenaventura, said on Tuesday that the price of gold will not likely trigger an industry-wide wave of new mining projects until it reaches at least $1,350 per ounce. Victor Gobitz told Reuters that gold's recent rally, combined with the company's rising production, has bolstered...

  • LIMA, Feb 14- The new chief executive of Peru's biggest precious metals miner, Buenaventura, said on Tuesday that he does not think the price of gold will trigger the mining industry to initiate new mining projects until it reaches at least $1,350 per ounce.

  • BHP Billiton on Thursday approved its $2.2 billion share of investment for the second phase of the Mad Dog oilfield in the Gulf of Mexico, as expected.

  • TORONTO, Feb 8- Canada's benchmark stock index ended up on Wednesday after a slow start as an oil price rebound helped some energy stocks, and gold and base metal miners rose as political uncertainty boosted bullion and a likely squeeze on supply pushed copper prices higher. Barrick Gold Corp advanced 1.2 percent to C $25.75 and Goldcorp Inc rose 1.1 percent to C...