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Metals and Mining Gold Mining

  • 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...

  • JOHANNESBURG, Feb 21- AngloGold Ashanti lifted force majeure on its Ghanaian Obuasi mine on Tuesday after the removal of thousands of illegal miners but said it was too early to determine the extent of damage to the loss-making, mothballed operation. AngloGold's shares were 2 percent higher after it posted 2016 headline earnings of $111 million, from a $73...

  • OTTAWA, Feb 16- Canada's main stock index edged up on Thursday to notch a fresh record high as Barrick Gold Corp jumped on the company's better-than-expected profits, though a drop in shares of Sun Life helped keep overall gains in check. Goldcorp Inc also drove the market higher as lower costs at its gold mines in the Americas helped its quarterly profit beat...

  • Feb 15- Agnico Eagle Mines said on Wednesday it would invest more than $1.2 billion in building a gold mine in Canada's Arctic and expanding another, making it one of the few gold companies to be constructing mines at a time when industry output is shrinking. Both Meliadine and Amaruq are in Canada's Nunavut territory. Meliadine's capital cost is roughly $900...

  • The Toronto- based miner, which is hiking its dividend to 3 cents from 2 cents a share, said it will expand its hunt for new gold beyond trusted core districts and projects, to so-called' greenfield' areas. Some 80 percent of the $185- $225 million exploration budget is earmarked for the Americas, with much of the remainder for its African unit, Acacia.

  • Feb 15- Some 1,000 unionized employees at Primero Mining Corp have gone on strike at the Canadian gold miner's San Dimas mine in Mexico, halting mining and milling operations, the company and union said on Wednesday. The National Union of Mine, Metal, Steel and Allied Workers of the Mexican Republic said about 1,000 workers began the strike at midnight.

  • The Toronto- based miner, which is hiking its dividend to 3 cents from 2 cents a share, said it will expand exploration beyond core districts and projects to so-called' greenfield' areas. About 80 percent of its $185- $225 million exploration budget is earmarked for the Americas, with much of the remainder for its African unit, Acacia. Barrick, the world's biggest gold...