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Metals and Mining Gold Mining

  • VANCOUVER, March 28- Goldcorp Inc will team up with larger peer Barrick Gold Corp to work on developing gold mines in northern Chile, it said on Tuesday, as the industry starts to invest in new projects again. As part of a complex series of transactions costing Goldcorp about $445 million upfront, the Vancouver- based company has agreed to buy fellow Canadian miner...

  • VANCOUVER, March 28- Barrick Gold Corp and Goldcorp Inc, the world's No. 1 and No. 3 gold miners by value, have agreed to team up to potentially develop gold projects in northern Chile, Goldcorp said on Tuesday, as the industry starts to put money into growth again. In a complex series of transactions costing Goldcorp around $445 million upfront in cash and shares, the...

  • TORONTO, March 27- Canada's main stock index advanced on Monday, helped by strength in gold-mining shares amid heightened demand for safe-haven assets like precious metals. The Toronto Stock Exchange's S&P/TSX composite index closed up 63.55 points, or 0.41 percent, at 15,506.22. The TSX had ended last week with two straight days of gains after Canada's...

  • TORONTO, March 27- Canada's main stock index advanced on Monday as strength in gold-mining shares amid heightened demand for safe-haven assets like precious metals helped offset a slight decline in the energy sector. The Toronto Stock Exchange's S&P/TSX composite index closed up 63.55 points, or 0.41 percent, at 15,506.22. Eight of the index's 10 main groups...

  • AngloGold has been exploring at the site in central Colombia for more than a decade. "We regret that because of a badly laid-out debate about mining in Colombia, the country and the region are now at risk of not receiving the benefits of well-done and responsible mining," AngloGold said in a statement on its website. AngloGold has invested some $900 million in...

  • AngloGold has been exploring at the site in central Colombia for more than a decade. "We regret that because of a badly laid-out debate about mining in Colombia, the country and the region are now at risk of not receiving the benefits of well-done and responsible mining," AngloGold said in a statement on its website. AngloGold has invested some $900 million in...

  • TORONTO, March 24- Acacia Mining is losing more than $1 million in revenue each day at two mines in Tanzania because of the country's ban on exports of gold and copper concentrates, the London- listed company said on Friday. Acacia, the largest miner in Tanzania, said talks with government officials have failed to result in the ban being lifted.

  • TORONTO, March 23- Canada's main stock index rose on Thursday as gains for heavyweight financial sector shares offset losses for gold mining stocks, while investors awaited a vote on a U.S. healthcare legislation replacement later in the day. Gains for the Toronto Stock Exchange's S&P/TSX composite index came one day after Canada's Liberal government...

  • TORONTO, March 22- Canada's main stock index fell on Wednesday as weakness in oil prices weighed on the energy sector, offsetting modest strength in gold-mining shares. Suncor Energy Inc gave back 0.4 percent to C $40.38, and TransCanada Corp was down 0.3 percent at C $60.92. U.S. crude prices were down 1.2 percent to $47.67 a barrel, while Brent crude lost 1.3...

  • TORONTO, March 22- Canada's main stock index fell on Wednesday as a weakness in oil prices weighed on the heavily weighted energy sector, offsetting modest strength in gold-mining shares. At 9:41 a.m., the Toronto Stock Exchange's S&P/TSX composite index fell 45.28 points, or 0.3 percent, toto 15,267.85. Of the index's 10 main groups, eight were in negative...

  • March 21- Canadian mining financing company Silver Wheaton Corp is proposing changing its name to Wheaton Precious Metals Corp as half its revenue now comes from gold, it said on Tuesday. Since 2013, the Vancouver- based company has seen a marked increase in gold production, and in the second half of 2016 its revenue was evenly split between silver and gold, the...

  • ASR: Gold beginning to outshine copper

    David McBain, technical strategist at Absolute Strategy Research, takes a look at the recent moves seen in gold with the use of technical charts.

  • TORONTO, March 8- The biggest risk facing the world's top gold producers is their reluctance to hunt for big new discoveries in emerging markets, with most sticking to so called safe jurisdictions, said the head of Randgold Resources Ltd on Wednesday. "What I'm preaching to the industry is the big guys have to go back to the emerging markets and invest long-term," he...

  • JOHANNESBURG, March 7- South African stocks edged lower on Tuesday, led by gold mining shares as the price of the metal slipped to its weakest level in four weeks, while the rand gained, shrugging off a fourth quarter contraction in gross domestic product. Rival AngloGold followed with 2.60 percent decline to 131.57 rand. Platinum prices also took a hit, falling...

  • NEW YORK/ LONDON, March 1- Gold gave back most of its losses on Wednesday as the dollar pared gains and bullion shrugged off earlier pressure from U.S. New York Fed President William Dudley, one of the most influential U.S. central bankers, said the case for tightening monetary policy had become "a lot more compelling," while San Francisco Fed President John Williams...

  • LONDON, March 1- Gold fell on Wednesday as the dollar gained after comments from U.S. Federal Reserve officials raised expectations of an interest rate hike in March and overshadowed President Donald Trump's first major policy speech to Congress. New York Fed President William Dudley-- one of the most influential U.S. central bankers-- said the case for...

  • HOLLYWOOD, Fla., Feb 27- Shareholders are pressuring miner Freeport-McMoRan Inc to stand up to the Indonesian government over changes the Southeast Asian country wants to make in the U.S. miner's contract, Freeport's chief executive officer said on Monday. Rio Tinto Plc, which is a partner in Freeport's massive Grasberg copper and gold mine in Indonesia, is also...

  • Trading Nation: Gold's fourth winning week

    Erin Gibbs, S&P Global, and Zachary Karabell, Envestnet, discuss the run in gold with Brian Sullivan.

  • 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...