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Gold Mining

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  • LIMA, Nov 25- A crackdown on illegal gold mining in Peru has spawned new smuggling routes through its porous border with Bolivia with some gangs using human mules, armored cars and light aircraft to evade capture. The gold is ghosted across jungles, rainforest and Lake Titicaca on the mountainous border, and is then sold to dealers who process the precious metal...

  • Early Glance: Gold companies Friday, 21 Nov 2014 | 10:17 AM ET

    NEW YORK— Shares of some top gold companies are up at 10 a.m.:. Barrick Gold Corp. rose$. 11 or. 9 percent, to $12.94. Newmont Mining Corp. rose$. 13 or. 7 percent, to $19.71.

  • TORONTO, Nov 18- Barrick Gold Corp named mining industry veteran Shaun Usmar as its chief financial officer designate on Tuesday, marking the latest shake-up at the gold miner. The Toronto- based gold mining giant has in the last three months let go of at least three other top executives, including its chief executive, the head of legal counsel, along with its head of...

  • *Gold firm near $1,185/ oz. SINGAPORE, Nov 18- Gold held below a two-week peak on Tuesday, its safe-haven appeal dulled with the dollar near a four-year high and growing signs of strength in the U.S. economy. The dollar held steady on Tuesday after European Central Bank officials raised the prospects of further stimulus and as investors waited to see if Japan's...

  • Midday Glance: Gold companies Monday, 17 Nov 2014 | 2:21 PM ET

    NEW YORK— Shares of some top gold companies are mixed at 1 p.m.:. Barrick Gold Corp. rose$. 06 or. 5 percent, to $12.34. Newmont Mining Corp. fell$. 17 or. 9 percent, to $18.99.

  • Early Glance: Gold companies Monday, 17 Nov 2014 | 10:29 AM ET

    NEW YORK— Shares of some top gold companies are mixed at 10 a.m.:. Barrick Gold Corp. fell$. 06 or. 5 percent, to $12.22. Newmont Mining Corp. fell$. 28 or 1.5 percent, to $18.87.

  • SOROS FUND MANAGEMENT LLC CUTS STAKES IN BARRICK GOLD CORP, GOLD MINING COMPANIES ETFS- 13- HR FILING.

  • Midday Glance: Gold companies Thursday, 13 Nov 2014 | 1:28 PM ET

    NEW YORK— Shares of some top gold companies are mixed at 1 p.m.:. Barrick Gold Corp. fell$. 04 or. 3 percent, to $11.69. Newmont Mining Corp. unchanged at $18.46.

  • Early Glance: Gold companies Thursday, 13 Nov 2014 | 12:16 PM ET

    NEW YORK— Shares of some top gold companies are mixed at 10 a.m.:. Barrick Gold Corp. fell$. 07 or. 6 percent, to $11.66. Newmont Mining Corp. unchanged at $18.46.

  • Gold on hold, demand wanes     Thursday, 13 Nov 2014 | 6:38 AM ET

    We've seen a lot change in eight weeks, says Marcus Grubb, World Gold Council, sharing his thoughts on what's driving gold prices lower. Fundamentals will drive the price from here, says Grubb.

  • Sandstorm Gold posts 3Q profit Thursday, 13 Nov 2014 | 5:04 AM ET

    VANCOUVER, British Columbia _ Sandstorm Gold Ltd. on Thursday reported net income of $2.1 million in its third quarter. The Vancouver, British Columbia- based company said it had net income of 2 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • REFILE-Appetite for jewelry boosts India gold demand -WGC Thursday, 13 Nov 2014 | 12:14 AM ET

    *India appetite for gold jumps by third in Q3- WGC. Demand in India rose 39 percent to 225.1 tonnes in July-Sept, the second highest on record for the quarter, even as global appetite fell to its lowest in nearly five years, according to the World Gold Council. "Demand will continue to have positive growth over last year as this is a good demand period and a lot of...

  • Appetite for jewellery boosts India gold demand -WGC Thursday, 13 Nov 2014 | 12:00 AM ET

    *India appetite for gold jumps by third in Q3- WGC. Demand in India rose 39 percent to 225.1 tonnes in July-Sept- the second highest on record for the quarter, even as global appetite fell to its lowest in nearly five years, according to the World Gold Council. "Demand will continue to have positive growth over last year as this is a good demand period and a lot of...

  • UPDATE 2-South Africa's AngloGold Ashanti to cut jobs Tuesday, 11 Nov 2014 | 6:30 AM ET

    JOHANNESBURG, Nov 11- South Africa's AngloGold Ashanti plans to cut staff through voluntary severance packages as the bullion producer feels the pinch of lower gold prices and rising costs, it said on Tuesday. A union source close to negotiations with the company said 1,200 positions were affected in South Africa, with AngloGold considering moving 300 staff...

  • Nov 10- Last week's ousting of Mongolia's prime minister is likely to delay talks on resolving a long-running dispute over the huge Oyu Tolgoi copper and gold mine in the mineral-rich country, joint-mine owner Turquoise Hill Resources Ltd said on Monday. Mongolia's parliament voted last week to remove Prime Minister Norov Altankhuyag amid concerns about a...

  • TORONTO, Nov 10- Global mining companies stung by slumping commodity prices are looking forward to a modest consolation prize- weaker local currencies and falling oil prices that will help trim their costs. "It's definitely a silver lining," said Chris Mancini, analyst at Gabelli Gold Fund. Agnico Eagle Mines Ltd, which produces two-thirds of its gold in Canada,...

  • LONDON/ VANCOUVER Nov 6- Struggling gold producers plan increasingly drastic measures such as scrapping dividends, cutting jobs, halting projects and shutting mines to survive the latest price plunge, but not all of them will make it. According to Citi analysts, about three quarters of gold mining companies burn cash at spot prices just below $1,200 on an all-in...

  • Kinross Gold posts loss on income tax expense Wednesday, 5 Nov 2014 | 5:40 PM ET

    Nov 5- Toronto- based miner Kinross Gold Corp reported a quarterly loss on Wednesday, mainly hurt by a $92.3 million income tax expense. Kinross reported a net loss attributable to shareholders of $4.3 million, or breakeven on a per share basis, in the third quarter ended Sept. 30, compared with a profit of $46.9 million, or 4 cents per share, a year earlier.

  • *Royal Canadian Mint on allocation from September. SINGAPORE/ NEW YORK, Nov 5- A tumble in silver prices to four-year lows has triggered a global scramble by consumers to purchase silver coins and bars as the metal has reached its cheapest level relative to gold in more than five years. Retailers and distributors in Asia and the United States said they were...

  • *Royal Canadian Mint on allocation from September. SINGAPORE/ NEW YORK, Nov 5- A tumble in silver prices to four-year lows has triggered a global scramble by consumers to purchase silver coins and bars, as the spread between the price of the metal and gold reaches its widest in five years. Retailers and distributors in Asia and the United States said they were...