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  • Futures Now, July 28, 2016

    Tom Kloza has a play on oil's next move as crude price head lower, and Ron Paul sees headwinds ahead for the U.S. Also CNBC's Jackie DeAngelis and the Futures Now traders take a trade from their metals playbook that restores luster to the gold play.

  • VANCOUVER, British Columbia _ New Gold Inc. on Wednesday reported a second-quarter loss of $8.8 million, after reporting a profit in the same period a year earlier. The average estimate of five analysts surveyed by Zacks Investment Research was breakeven on a per-share basis. This story was generated by Automated Insights using data from Zacks Investment...

  • Goldcorp, the world's third-biggest gold producer by market value, also said it would go ahead with plans to expand its Penasquito mine in Mexico and Musselwhite mine in Canada. Production at Vancouver- based Goldcorp, which operates only in the Americas, plunged to 613,400 ounces in the quarter from 908,000 ounces in the year-ago period. The exhaustion of...

  • TORONTO _ Barrick Gold Corp. on Wednesday reported second-quarter net income of $138 million, after reporting a loss in the same period a year earlier. The average estimate of seven analysts surveyed by Zacks Investment Research was also for earnings of 14 cents per share. Barrick Gold shares have nearly tripled since the beginning of the year.

  • The decision followed an assessment of the mine's plan in the context of the Toronto- based company's global capital priorities, it said. Chile's environmental regulator shut down the water system attached to the Maricunga mine in March, citing environmental damage which Kinross disputes. Kinross reported an adjusted net loss of $9.8 million, or 1 cent per...

  • TORONTO _ Kinross Gold Corp. on Wednesday reported a loss of $25 million in its second quarter. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share. Kinross Gold shares have more than doubled since the beginning of the year.

  • The Canadian miner also said it would go ahead with expansions at its Penasquito mine in Mexico and its Musselwhite mine in Canada. Goldcorp, the world's third-biggest gold producer by market value, reported a net loss of $78 million, or 9 cents a share, in the three months to end-June. That compared with net earnings of $392 million, or 47 cents per share, a year...

  • TORONTO, July 27- Barrick Gold Corp, the world's largest gold producer, reported a rise in second-quarter profit on Wednesday and said it plans to sell its 50 percent stake in a western Australia mine to carve more from its debt. Toronto- based Barrick, which has been selling off non-core mining assets and using cash flow to pay down debt, said it will explore selling...

  • TORONTO, July 27- Barrick Gold Corp, the world's largest gold producer, reported a rise in second-quarter profit on Wednesday and said it plans to sell its 50 percent stake in a western Australia mine to help continue to carve away at debt. The company, which has mines in the Americas, Australia and Africa, said gold production fell 7.5 percent to 1.34 million ounces...

  • LIMA, July 27- A fiery anti-mining activist and former governor of a gold-rich region in Peru who was freed from jail on Wednesday accused the government of locking him up for two years in order to keep him from power. Gregorio Santos welcomed the Supreme Court's decision to annul an extension of his stay in' preventive' prison, which prosecutors probing him for...

  • The Toronto- based miner said it recorded an adjusted net loss of $9.8 million, or 1 cent per share, in the quarter ended June 30, from a loss of $13.6 million, or 1 cent per share, in the year-prior period. Kinross, which has 10 mines in North and South America, Africa and Russia, produced 671,267 equivalent ounces of gold during the quarter, up from 660,898 ounces in the...

  • The Toronto- based miner said it recorded an adjusted net loss of $9.8 million, or 1 cent per share, in the quarter ended June 30, from a loss of $13.6 million, or 1 cent per share, in the year-prior period.

  • TORONTO/ VANCOUVER, July 26- Barrick Gold Corp, the world's largest gold producer, is weighing a sale of its majority stake in African unit Acacia Mining Plc and has approached several South African miners, according to sources familiar with the situation. Barrick owns 64 percent of Acacia, a London- listed miner with three producing gold mines in Tanzania:...

  • PHOENIX— Freeport-McMoRan stock slumped Tuesday after the mining company reported weaker-than-expected revenue for the second quarter as the price of copper and oil plunged and gold sales tumbled. Freeport-McMoRan sold 156,000 ounces of gold, less than half as much as it sold a year ago. Excluding one-time items, Freeport-McMoRan said it lost 2 cents per...

  • TORONTO, July 25- Canada's main stock index fell on Monday, weighed by energy and mining stocks that retreated along with oil and gold prices. Gold fell as the U.S. dollar firmed ahead of central bank meetings in the United States and Japan. At 10:16 a.m. EDT, the Toronto Stock Exchange's S&P/TSX composite index was down 77.14 points, or 0.53 percent, to 14,523.52.

  • Gold miners surge

    The "Fast Money" traders discuss the GDX gold miner ETF as today's move of the day.

  • 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...