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Metals and Mining Gold Mining

  • Feb 15- Unionized employees at Primero Mining Corp have gone on strike, resulting in a complete halt to mining and milling operations at the Canadian gold miner's San Dimas mine in Mexico, the company said on Wednesday. Depending on its duration, the strike could have a negative impact on the company's 2017 production, Primero said. As a result, it has decided to...

  • Feb 15- Goldcorp Inc reported a higher-than-expected fourth-quarter profit on Wednesday compared to a steep loss a year ago, as much lower costs at its gold mines in the Americas and a higher gold price offset lower production. That compared with a loss of $4.3 billion, or $5.14 per share, a year earlier when the Canadian miner wrote down the value of a mine in...

  • TORONTO, Feb 15- Barrick Gold Corp said on Wednesday that fourth-quarter profits rose from last year, reflecting further cost cuts and a rise in metal prices, as the world's largest gold miner increased its dividend and planned to further pare its debt. The Toronto- based miner reported an adjusted profit of $255 million, or 22 cents a share, up from $91 million, or 8...

  • TORONTO, Feb 15- Canadian miner Teck Resources Ltd reported a better-than-expected quarterly profit on Wednesday, lifted by a surge in the price of coal for steelmaking, but said weaker demand in recent weeks was eroding prices and sales. Shares of the Vancouver- based company, which also mines copper, gold and silver, were down 4.3 percent at C $31.27 in early...

  • LIMA, Feb 14- The new chief executive of Peru's biggest precious metals miner, Buenaventura, said on Tuesday that the price of gold would not likely trigger an industry-wide wave of new mining projects until it reached at least $1,350 per ounce. Victor Gobitz told Reuters in an interview that gold's recent rally, bringing it to about $1,225 an ounce on Tuesday, had...

  • LIMA, Feb 14- The new chief executive of Peru's biggest precious metals miner, Buenaventura, said on Tuesday that the price of gold will not likely trigger an industry-wide wave of new mining projects until it reaches at least $1,350 per ounce. Victor Gobitz told Reuters that gold's recent rally, combined with the company's rising production, has bolstered...

  • LIMA, Feb 14- The new chief executive of Peru's biggest precious metals miner, Buenaventura, said on Tuesday that he does not think the price of gold will trigger the mining industry to initiate new mining projects until it reaches at least $1,350 per ounce.

  • BHP Billiton on Thursday approved its $2.2 billion share of investment for the second phase of the Mad Dog oilfield in the Gulf of Mexico, as expected.

  • TORONTO, Feb 8- Canada's benchmark stock index ended up on Wednesday after a slow start as an oil price rebound helped some energy stocks, and gold and base metal miners rose as political uncertainty boosted bullion and a likely squeeze on supply pushed copper prices higher. Barrick Gold Corp advanced 1.2 percent to C $25.75 and Goldcorp Inc rose 1.1 percent to C...

  • TORONTO, Feb 8- Canada's main stock index fell on Wednesday as a third day of oil price losses weighed on its large energy sector and disappointing results from an insurer led financial stocks lower. Gains for gold and base metal miners on higher commodity prices helped offset the downswing, while Bombardier Inc gained 2.8 percent to C $2.62 after Canada said it...

  • TORONTO, Feb 6- Canada's main stock index ended lower on Monday, as heavyweight energy stocks weighed with a fall in oil prices, while gold miners caught a boost from bullion jumping to its highest in nearly three months on political uncertainty. Gold climbed to its highest in nearly three months as worries about the political landscape in the United States and...

  • Randgold Resources CEO Mark Bristow weighs in on whether he thinks U.S. President Donald Trump will be good for gold prices in the coming months.

  • Charles Newsome, divisional director at Investec Wealth, talks about whether client portfolios should have an exposure to mining, with comment on gold.

  • Randgold Resources CEO Mark Bristow outlines the key details from the latest earnings report by the gold mining company.

  • Demand for gold soared in 2016, driven by concerns and uncertainty driven by politics, according to the World Gold Council's latest report.

  • MANILA, Feb 2- The Philippines will close down over 20 mines, mostly nickel producers that account for about half of output in the world's biggest nickel ore supplier, as a government campaign to fight environmental degradation deepens. Manila is also suspending operations at six other mines, including the country's top gold miner. Environment and Natural...

  • *Index posts its lowest close since Dec. 30. TORONTO, Jan 31- Canada's main stock index fell to a one-month low on Tuesday as heavyweight financial shares declined, but some losses for the index were pared, while gold mining stocks climbed as gold prices benefited from pressure on the U.S. dollar. The Toronto Stock Exchange's S&P/TSX composite index closed down...

  • TORONTO, Jan 31- Canada's main stock index fell to a one-month low on Tuesday as heavyweight financial shares lost ground, but some losses for the index were pared, while gold mining stocks climbed as the price of gold benefited from pressure on the U.S. dollar. The Toronto Stock Exchange's S&P/TSX composite index unofficially closed down 19.16 points, or 0.12...

  • Molten gold pours from a furnace during the final stage of the refining process.

    Using Kensho, we looked at what happens after gold rises 5 percent or more in one month.

  • LIMA, Jan 31- Two workers died when a tunnel caved in at Hochschild Mining Plc's Inmaculada gold and silver mine in southern Peru on Tuesday, a police chief said on local broadcaster RPP. Citing information from the company, Miguel Angel Rivera added that a third worker was wounded in the incident at the mine in the region of Ayacucho. The company did not immediately...