Metals and Mining Gold Mining

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  • The policy recommends an annual dividend of 10 cents per share when the average London Bullion Market Association gold price is up to $1,300 per ounce. That doubles to 20 cents a share when gold ranges between $1,300 and $1,399 an ounce and for each $100 an ounce increase above $1,399 the annual payout increases at a rate of 20 cents per share.

  • That compared with $131 million, or 26 cents a share, in the same period a year ago and was well ahead of analysts' expectations, on average, of 29 cents a share, according to Thomson Reuters I/B/E/S. It's a deep beat relative to our numbers and the street, " BMO Capital Markets analyst Andrew Kaip said. Newmont, which has mines in the Americas, Africa, Australia and Asia...

  • MEXICO CITY, July 20- Canadian mining company Agnico Eagle said on Wednesday that a group of armed men stormed one of its mines in northern Mexico early on Tuesday morning, injuring a security guard and making off with a haul of silver and gold. Agnico Sonora, the company's Mexican subsidiary, did not provide an estimate of the value of the theft, but said the La India...

  • The U.S.-based miner said adjusted income rose to $231 million, or 44 cents a share, in the quarter to end-June from $131 million, or 26 cents a share, in the same period a year ago. Newmont's stock rose to $40.20 after hours from a $39.29 close. Newmont, which has mines in the Americas, Africa, Australia and Asia lowered its forecast for all-in sustaining costs- the gold...

  • NEW YORK/ LONDON, July 13- Gold rose 1 percent on Wednesday, recovering from its lowest in nearly two weeks, as prospects for further economic stimulus helped to bolster investor appetite while the dollar remained flat. Spot gold was up 0.8 percent at $1,342.41 an ounce by 3:20 p.m. EDT, having earlier touched $1,327.30, its lowest since July 1.

  • Gold miners WHAT HERE

    A look at the gold miners following this morning's blowout jobs number.

  • TORONTO, July 7- Canada's main stock index fell on Thursday as gold miners retreated following their sharp rally since Britain's vote to leave the European Union and as a reversal in oil prices weighed on energy companies. The Toronto Stock Exchange's S&P/TSX composite index ended down 96.60 points, or 0.68 percent, at 14,134.46. "People are cautious, people are...

  • TORONTO, July 5- Canada's main stock index fell on Tuesday after four days of gains, as slumping oil prices pulled down energy companies and global jitters weighed while prompting some gains for yield-paying telecom stocks and gold miners. The heavyweight energy group retreated 1.6 percent, as renewed worries that Britain's exit from the European Union would...

  • Gold silver and dollar

    Silver prices hit a two-year high above $21 per ounce on Monday, as precious metals continue to gain from the safe-haven rally following the U.K. referendum.

  • TORONTO, July 4- Canada's main stock index rallied to a nearly four-week high on Monday, led by mining stocks as gold and silver climbed, while financial and energy stocks also advanced. Gold rose as political uncertainty following Britain's vote to leave the European Union supported prices after a burst of short-covering activity in China had pushed them back...

  • Bullish gold for many months: Investec

    Jeremy Wrathall, mining and strategy analyst at Investec, says the uncertainty seen in markets and politics right now is the “perfect environment for gold right now”.

  • *Silver breaches $19 level for the first time since Sept 2014. NEW YORK/ LONDON, July 1- Gold rose 1 percent on Friday and was heading for its fifth weekly gain, supported by a weaker dollar and prospects for further monetary policy easing in the wake of Britain's vote to leave the European Union. Safe-haven demand for the metal spurred most of the gains as investors...

  • *Silver breaches $19 level for the first time since Sept 2014. LONDON, July 1- Gold climbed on Friday and was heading for its fifth weekly gain, supported by a weaker dollar and prospects for further monetary policy easing in the wake of Britain's vote to leave the European Union. The dollar fell 0.4 percent against a basket of six currencies, while European stocks...

  • *Silver breaches $19 level for the first time since Sept 2014. LONDON, July 1- Gold rose 1 percent on Friday and was heading for its fifth weekly gain, supported by a weaker dollar and prospects for further monetary policy easing in the wake of Britain's vote to leave the European Union. Spot gold rose to a session high of $1,338 an ounce, and was 0.8 percent higher at...

  • *Silver breaches $19 level for the first time since Sept 2014. LONDON, July 1- Gold rose 1 percent on Friday and was headed for its fifth weekly gain, supported by a weaker dollar and prospects for further monetary policy easing in the wake of Britain's vote to leave the European Union. Spot gold rose to a session high of $1,338 an ounce, and was up 0.9 percent at...

  • Marc Faber

    The global economy might weaken further, but there are still opportunities for investors for now, Dr. Doom tells CNBC.

  • MOSCOW, June 24- Russia- focused gold producer Nord Gold may consider a primary listing in Toronto instead of London after Britain's decision to leave the European Union, its Chief Executive Nikolai Zelenski said on Friday. Nord Gold, controlled by Russian steel tycoon Alexei Mordashov, is based in the Netherlands but said in January that it hopes to change its...

  • TORONTO, June 21- Canada's main stocks edged lower on Tuesday as losses for gold ahead of a vote by Britain on its European Union membership weighed on mining stocks, offsetting gains for financial and energy stocks. Spot gold fell 1.9 percent as U.S. and European shares rose amid receding expectations that Britain could vote to leave the European Union in...

  • *India to start auctioning up to 70 diamond, gold blocks in 2016. *De Beers says no prospecting activity planned for India now. NEW DELHI, June 20- India is seeking the participation of Rio Tinto and Anglo American's De Beers to explore for diamonds and gold, part of Prime Minister Narendra Modi's ambition to make the country a major mineral producer, the mines...

  • The gold price is good: CEO

    PJSC Polyus CEO, Pavel Grachev, discusses where gold prices are headed and says there is positive sentiment in the markets about gold miners.