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Metals and Mining Gold Mining

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  • Phoenix Gold: Weak Aussie dollar is a 'great fillip' Tuesday, 4 Aug 2015 | 12:35 AM ET
    Phoenix Gold: Weak Aussie dollar is a 'great fillip'

    Dale Rogers, executive chairman of Phoenix Gold, says margins among Australia's gold miners remain robust due to decreasing costs on the back of a weaker Australian dollar.

  • Saracen Mineral: Margins expanding despite gold's slide

    Raleigh Finlayson, managing director at Saracen Mineral Holdings, says factors such as a weaker Australian dollar have cushioned the impact of falling gold prices.

  • How gold miners are weathering the price slump Monday, 3 Aug 2015 | 8:33 PM ET
    How gold miners are weathering the price slump

    While declining gold prices will inevitably hurt revenue, gold miners are getting help from falling local currencies and oil costs, says Greg Foulis, CEO of Kingsgate Consolidated.

  • Gold Road Resources: We're enjoying currency benefits

    Ian Murray, executive chairman at Gold Road Resources, says some miners are "making good money" from the current gold price in Australian dollars. He later introduces the company's latest discovery: the Gruyere deposit.

  • Copper heads for bear market as confidence vanishes Monday, 3 Aug 2015 | 9:44 AM ET

    Copper tumbled to a six-year low on Monday, as weak manufacturing data and the selloff in Chinese equities continued to weigh on industrial metals.

  • July 30- Barrick Gold Corp agreed on Thursday to sell 50 percent of its Zaldivar copper mine in Chile to copper miner Antofagasta Plc for $1 billion in cash, and both parties stressed that this was just the start of more cooperation. Both Barrick and Antofagasta said the deal was a launch pad for future co-operation, likely in Chile where Barrick owns large, unbuilt...

  • July 30- Barrick Gold Corp said on Thursday it had reached an agreement to sell 50 percent of its Zaldivar copper mine in Chile to Chilean-based copper miner Antofagasta Plc for just over $1 billion in cash. Antofagasta would become the operator of Zaldivar and would be overseen by a board consisting of three nominees from each company. "There are many potential...

  • LONDON, July 30- Gold mining companies are turning increasingly to derivatives to lock in future revenues, as an industry still smarting from losing out on a 12- year bull run gets creative over protecting its income during the metal's current downturn. Data released this month from Societe Generale and GFMS analysts at Thomson Reuters showed options...

  • July 29- Kinross Gold Corp slid to a loss in the second quarter, in line with market expectations, on the back of a weaker gold price, lower gold sales and the temporary suspension of operations at a mine in Chile. The Toronto- based gold producer reported a loss of $83.2 million, or 7 cents a share, in the three months to end-June. Excluding one-time items, Kinross...

  • Anglo American warns on further pain for commodities Friday, 24 Jul 2015 | 4:22 AM ET
    Heavy equipment is used used to mine copper at the Anglo American PLC Los Bronces (Minera Sur Andes) copper mine in central Chile,

    One of the world's largest miners, Anglo American maintained its interim dividend on Friday as a deep sell-off in metals hurt its first half profit.

  • TORONTO, July 23- Diversified U.S. miner and energy company Freeport-McMoran Inc reported a sizeable second-quarter net loss on Thursday, reflecting a big write-down for the value of its oil and gas properties and slumping prices for the copper, gold and oil that it produces. The Phoenix, Arizona- based company reported a net loss attributable to shareholders of...

  • Consolidated all-in sustaining costs per ounce are now expected to be between $920 and $980 in 2015, down from an earlier forecast of $960 to $1,020, and seen holding relatively steady at between $900 and $1,000 in 2017.. Newmont said adjusted net earnings rose to $131 million, or 26 cents a share, in the quarter to end-June from $101 million, or 20 cents a share, in...

  • Mixed earnings and easyJet lead Britain's FTSE lower Tuesday, 21 Jul 2015 | 12:09 PM ET

    *Gold stabilizes, pushes mining shares up. LONDON, July 21- Britain's top stock index edged lower on Tuesday as a mixed set of corporate results and lingering concern over commodity price falls outweighed a rebound in gold-mining companies and a rally in car insurers. "It's all a little bit lackluster today, and I suppose in some respect it's because we're in the eye...

  • *Gold stabilizes, pushes mining shares up. Receding fears over Greece have helped UK and European stocks rally in recent weeks, although UK equities remain nearly 5 percent below April's record high. "It's all a little bit lackluster today, and I suppose in some respect it's because we're in the eye of US and UK earnings," said London Capital Group analyst Brenda...

  • Britain's FTSE edges higher as gold miners rebound Tuesday, 21 Jul 2015 | 7:33 AM ET

    *FTSE 100 up 0.2 FTSE percent. *Gold stabilizes, pushes mining shares up. Receding fears over Greece have helped UK and European stocks rally in recent weeks, although UK equities remain nearly 5 percent below April's record high.

  • UK shares sag despite rebound in mining sector Tuesday, 21 Jul 2015 | 5:03 AM ET

    *UK public finances improve less than expected. LONDON, July 21- UK shares slipped early on Tuesday as a rebound for gold miners after a hammering in the previous session failed to offset a fairly mixed set of corporate results and lingering concern over commodity price falls. While receding fears around Greece have helped UK and European stocks rally in recent...

  • --Clyde Russell is a Reuters columnist. LAUNCESTON, Australia, July 21- What does gold have in common with iron ore and coal? The broad picture for gold is that since the spot price reached its peak of $1,920.30 an ounce in September 2011, demand has dropped as supply has risen.

  • Gold's tumble poses problems for debt-laden Barrick Monday, 20 Jul 2015 | 12:59 PM ET

    TORONTO, July 20- The plunging gold price poses more challenges for Barrick Gold, the world's largest gold producer, which is already shopping its assets and raising money to try to trim debt levels that stand well above those of its North American peers. Gold fell below the $1,100 for the first since March 2010 on Monday as the U.S. dollar continued to strengthen in...

  • *Gold prices hit five-year lows, platinum slumps. *Randgold Resources down 4.5 pct, Fresnillo down 4.3 pct. LONDON, July 20- A steep sell-off in shares of gold miners, tracking a plunge in the metal's price, wiped out more than $8 billion from their combined market value on Monday and pushed a global index of gold stocks to a 6-1/ 2- year low.

  • Gold trickles lower: Pro Monday, 20 Jul 2015 | 10:22 AM ET
    Gold trickles lower: Pro

    Todd Colvin, Ambrosino Brothers SVP, gives perspective to the recent drop in gold and says it's too early to tell if the downward spiral will remain.