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Metals and Mining Gold Mining

  • BUENOS AIRES/ TORONTO, April 7- Argentina mining officials told Barrick Gold Corp it must overhaul environmental and operating processes at its Veladero mine, following last week's cyanide solution spill, while the country's environment ministry asked for a total suspension of operations, according to statements on Friday. "We have told the company to change...

  • BUENOS AIRES/ TORONTO, April 7- Argentina mining officials told Barrick Gold it must overhaul environmental and operating processes at its Veladero mine, following last week's cyanide solution spill, while the country's environment ministry asked for a total suspension of operations, according to statements on Friday. The meeting, including Barrick...

  • TORONTO, April 7- Canada's main stock index fell on Friday as the financials group lost ground, while gold mining shares climbed after escalating geopolitical tensions boosted gold prices. Financial shares fell 0.5 percent as Canada's 10- year yield hit a four-month low at 1.505 percent. Bank of Montreal, Canada's fourth-biggest lender, said its Chief...

  • TORONTO, April 7- Canada's main stock index seesawed on Friday as the financials group lost ground, while gold mining shares climbed after escalating geopolitical tensions boosted gold prices. The Toronto Stock Exchange's S&P/TSX composite index was up 5.05 points, or 0.03 percent, at 15,702.23, shortly after the open. Six of the index's 10 main groups were...

  • TORONTO, April 6- Barrick Gold Corp's near billion-dollar deal with Shandong Gold Mining Co Ltd represents a rich premium for the Canadian miner, while making good on a long-promised plan to forge deep, long-lasting partnerships with China. The price tag, about 15 percent to 30 percent above some analysts' net asset valuations, is a feather in Chairman John...

  • TORONTO/ VANCOUVER, April 5- China's Shandong Gold Mining Co Ltd is in advanced talks to buy a 50 percent stake in Barrick Gold Corp's Veladero gold mine in Argentina, people familiar with the process told Reuters even as the Canadian miner grappled with a pipe rupture at the site. Barrick is no longer in discussions with China's Zijin Mining Group Co Ltd about the...

  • TORONTO, April 5- Canada's main stock index rose on Wednesday to a nearly six-week high, although some gains were pared as oil prices fluctuated after the release of U.S. inventory data, while lower gold prices weighed on some mining shares. At 11:22 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index rose 14.24 points, or 0.09 percent, to 15,683.31.

  • TORONTO, April 5- Canada's main stock index rose on Wednesday to a fresh nearly six-week high led by the heavyweight financial and energy groups as oil prices rose, while lower gold prices weighed on mining shares. The Toronto Stock Exchange's S&P/TSX composite index was up 74.73 points, or 0.48 percent, at 15,743.80, shortly after the open. Eight of the index's 10...

  • *Spot gold may test resistance at $1,261.03- technicals. April 5- Gold prices held steady on Wednesday near one-month highs hit the session before, with appetite for riskier assets easing ahead of a meeting between leaders of the United States and China. Spot gold had edged up 0.1 percent to $1,256.38 per ounce by 0744 GMT.

  • *Spot gold may test resistance at $1,261.03- technicals. April 5- Gold prices held firm on Wednesday near a one-month high hit in the prior session, as appetite for riskier assets eased ahead of a meeting between leaders of the United States and China. "This reflects the market's uncertainty about the trend of the gold price in the near term," said Jiang Shu, chief...

  • TORONTO, April 4- Canada's main stock index advanced on Tuesday to a nearly six-week high as gains in gold and oil prices helped boost the shares of mining and energy companies. The Toronto Stock Exchange's S&P/TSX composite index closed up 84.67 points, or 0.54 percent, at 15,669.07, its highest close since Feb. 23. Gains for the index came even as investors on Wall...

  • TORONTO, April 4- Canada's main stock index advanced on Tuesday to a nearly six-week high as gains in gold and oil prices helped boost the shares of mining and energy companies. The Toronto Stock Exchange's S&P/TSX composite index unofficially closed up 84.67 points, or 0.54 percent, at 15,669.07. Seven of the index's 10 main groups ended higher.

  • Melted gold flows out of a smelter into a mould of a one kilogram bar at a plant of gold refiner and bar manufacturer Argor-Heraeus SA in the southern Swiss town of Mendrisio.

    Gold prices rose Tuesday, continuing the decent gains seen in the first quarter.

  • TORONTO, April 4- Canada's main stock index advanced on Tuesday as gains in gold and oil prices helped boost the mining and energy sectors. Canadian Natural Resources Ltd added 0.4 percent to C $43.91, and Encana Corp gained 0.5 percent to C $15.69. At 10:02AM ET, the Toronto Stock Exchange's S&P/TSX composite index was up 13.74 points, or 0.09 percent, at 15,598.14.

  • TORONTO, March 10- Canada's main stock index was little changed on Tuesday as gains in gold and oil prices helped boost the mining and energy sectors, offsetting a decline in the financial sector. At 9:40 am ET, the Toronto Stock Exchange's S&P/TSX composite index was up 9.62 points, or 0.06 percent, at 15,594.02. Of the index's 10 main groups, six were in positive...

  • Gold and Silver bars

    Gold has recorded a strong gain in the first quarter of 2017, with prices for the precious metal rising around 8 percent.

  • 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...