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Metals and Mining Gold Mining

  • TORONTO, Jan 25- Canada's main stock index moved closer to a record high on Wednesday, led by gains for its heavyweight energy and financial groups as global stocks climbed, while lower gold prices weighed on gold mining shares.

  • The world's largest producer of bullion also estimated 2016 all-in sustaining costs was at or slightly below the low end of its forecast of $740- $775 per ounce of gold. Barrick also estimated its cost of sales applicable to gold last year was at the low end of the forecast of $800- $850 per ounce it gave in October. The Toronto- based company estimated its full-year...

  • *Egypt launches first gold-mining tender since 2009. *Three foreign players active in Egypt say they won't bid. But mining companies active in Egypt and Africa say the new exploration round, which offers five concession areas and closes on April 20, is unlikely to lure investors because of commercial terms they say are among the least attractive in the world.

  • JOHANNESBURG, Jan 24- South African bullion producer Anglogold Ashanti will hold back on job cuts announced last week and will instead redeploy most of the workers within the firm, the National Union of Mineworkers said on Tuesday. "This engagement is ongoing and it remains too early to pre-empt an outcome," said Anglogold spokesman Stewart Bailey.

  • Jan 24- Gold prices hit their highest in two months on Tuesday, pushed up as the dollar weakened due to suspicions President Donald Trump's administration might seek a competitive advantage through a weaker currency. *Trump formally withdrew the United States from the Trans-Pacific Partnership trade deal and told U.S. manufacturing executives he would...

  • Gartman: Going to be better circumstance for gold than its been in number of years

    Dennis Gartman, "The Gartman Letter" editor and publisher, shares his position on gold. With "Fast Money" traders Tim Seymour and Guy Adami, and O'Shares ETFs chairman Kevin O'Leary.

  • CAIRO, Jan 23- Centamin Plc, which runs Egypt's only commercial gold mine, said it would not bid in the country's new gold exploration tender because the terms are not commercially viable. Egypt, which is hoping that gold production can be a future source of growth for its struggling economy, began accepting bids last week for five concessions in its first tender...

  • CAIRO, Jan 23- Centamin Plc, which runs Egypt's only commercial gold mine, said it would not bid in the country's new gold exploration tender because the terms are not commercially viable. Egypt, which is hoping that gold production can be a future source of growth for its struggling economy, began accepting bids last week for five concessions in its first tender...

  • RANDFONTEIN, South Africa, Jan 19- The number of miners killed in South Africa's mines fell in 2016 to a new record low of 73 from 77 in 2015 following a crackdown by the government, mines minister Mosebenzi Zwane said on Thursday. "If you can't mine safely, don't mine at all," Zwane said at a news briefing at the corporate offices of bullion producer Harmony Gold west of...

  • At an investor day event, the Vancouver- based miner focused on the exploration potential at its mine sites and projects in the Americas, a turnaround from recent years when most miners' attention was on reducing costs, not growth. Goldcorp late on Monday said it expected to increase gold output by a fifth over the next five years to about 3 million ounces, driven by...

  • TORONTO, Jan 17- Canada's main stock index rose on Tuesday as higher commodity prices supported the shares of energy and gold mining companies. The Toronto Stock Exchange's S&P/TSX composite index was up 19.01 points, or 0.12 percent, at 15,498.30, shortly after the open. Just four of the index's 10 main groups were higher.

  • *Spot gold may retrace steps back to $1,172- technicals. "Currently we see that gold is overbought and needs some technical correction," said Jiang Shu, chief analyst at Shandong Gold Group. Reuters technical analyst Wang Tao said spot gold faced a strong resistance zone of $1,205- $1,210 per ounce, and may retrace steps back towards support at $1,172.

  • TORONTO, Jan 6- Canada's main stock index fell on Friday, with gold miners and other materials stocks leading a broad retreat from a three-day rally that saw the index approach an all-time high to start the year. The Toronto Stock Exchange's S&P/TSX composite index ended the day down 90.53 points, or 0.58 percent, at 15,496.05 despite booming jobs and trade data.

  • TORONTO, Jan 6- Canada's main stock index fell in early trading on Friday, with gold miners and other materials stocks leading a broad retreat from the three-day rally that started the year. At 9:42 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index was down 61.85 points, or 0.4 percent, at 15,524.73 despite booming jobs and trade data.

  • Gold miners have best day in a month

    The “Fast Money” traders discuss the trade on gold, as the Vectors Gold Miners ETF GDX soars.

  • *Spot gold hits highest since Dec. 14. Spot gold was up 0.1 percent at $1,159.36 an ounce by 0325 GMT, having earlier hit a more than two-week high of $1,163.14 an ounce. "Gold made robust gains as demand surged during the periods of economic and political uncertainty until the third quarter," said Mihir Kapadia, CEO of London- based Sun Global Investments Ltd. The safe...

  • TORONTO, Dec 29- Canada's main stock index rose on Thursday as stocks rallied broadly in light holiday trading, at one point touching its highest level since April 2015. Barrick Gold rose 4.9 percent to C $21.72, Silver Wheaton Corp advanced 6.3 percent to C $26.64, and Agnico Eagle Mines Ltd climbed 5.3 percent to C $57.81. At 10:27 a.m. ET, the Toronto Stock...

  • TORONTO, Dec 28- Canada's main stock index ended slightly higher on Wednesday as gold mining stocks lead gains in quiet trading. Canada volumes are off about 40 percent from where they generally are, "said Ian Scott, equity analyst at Manulife Asset Management. Barrick Gold rose 5.2 percent to C $20.71, and Goldcorp Inc climbed 4.8 percent to C $17.85.

  • He said the company has held discussions with Trump's transition team, including Myron Ebell, who heads the EPA transition. In February 2014, the EPA took the unusual action of blocking a mine before the project owner applied for a development permit. The company has estimated that removing that pre-emptive veto could happen three to four months after an EPA...

  • *Freeport faces narrowing window for $18 bln expansion. At stake for Freeport is an $18 billion investment to expand its Grasberg mine- one of the world's biggest deposits of gold and copper- in the eastern Indonesian province of Papua. "Freeport is more politics than business," Hakim told a recent media briefing.