NEW YORK— Shares of some top gold companies are mixed at 10 a.m.:. Barrick Gold Corp. fell$. 06 or. 4 percent, to $13.56. Newmont Mining Corp. fell$. 07 or. 3 percent, to $22.83.» Read More
NEW YORK— Shares of some top gold companies are down at 10 a.m.:. Barrick Gold Corp. fell$. 08 or. 5 percent, to $13.60. Newmont Mining Corp. fell$. 08 or. 4 percent, to $22.71.
NEW YORK— Shares of some top gold companies are mixed at 1 p.m.:. Barrick Gold Corp. fell$. 03 or. 2 percent, to $13.90. Newmont Mining Corp. rose$. 32 or 1.4 percent, to $22.77.
Barrick Gold Corp. fell$. 44 or 3.1 percent, to $13.93. Gold Fields fell$. 03 or. 8 percent, to $3.90. Newmont Mining Corp. fell $1.19 or 5.0 percent, to $22.45.
TORONTO, Oct 3- Iamgold Corp said on Friday it will sell its niobium mine in Quebec to a group of companies led by private-equity investment firm Magris Resources for $500 million in cash so that it can focus on its core gold mining business. Toronto- based Magris Resources, led by former Barrick Gold Corp chief executive Aaron Regent, is one of a handful of...
Oct 3- Iamgold Corp said on Friday it has agreed to sell its niobium mine in Quebec to a group of companies led by investment firm Magris Resources Inc for $500 million in cash, to focus on its core gold mining business. Magris is acquiring the niobium asset in partnership with Singapore's Temasek Holdings and CEF Holdings Ltd, a Hong Kong- based investment company...
Oct 3- Iamgold Corp said it would sell its Niobec rare earths mine in Quebec to a group of companies led by investment company Magris Resources Inc for $500 million in cash, to focus on its core gold mining business. Iamgold, which has assets in Canada, South America and Africa, will get an additional $30 million when commercial production begins at the adjacent...
Oct 3- Iamgold Corp said it would sell its Niobec rare earths mine in Quebec to a group of companies led by Magris Resources Inc for $500 million in cash, to focus on its core gold mining business. The sale of Niobec, located in the Saguenay-Lac-Saint-Jean region in Quebec, includes an adjacent rare earths deposit. Iamgold will get an additional $30 million when...
VANCOUVER, Sept 25- The price of gold, down more than a third in three years, is approaching the tipping point where the mining industry would see a spike in the number of producers reducing output or even shutting down operations. The industry has geared itself around $1,200, "said Joseph Foster, portfolio manager at institutional investor Van Eck Global.
The prices of a range of commodities slid further Monday, dragging down stocks as investors feared more pain ahead for the asset class.
*Fresnillo says it may hedge some gold output. BANGALORE/ LONDON Sept 12- Silver miner Fresnillo Plc has agreed buy Newmont Mining Corp's 44 percent stake in Penmont, their Mexican gold mining joint venture for $450 million in cash.
Sept 12- Precious metals miner Fresnillo Plc said it would buy Newmont Mining Corp's 44 percent stake in their Mexico joint venture mines for $450 million in cash, increasing its exposure to gold mining in the country.
JOHANNESBURG, Sept 11- South Africa- focused bullion producer Sibanye Gold plans to cut up to 2,500 workers at its recently acquired Cooke 4 mine west of Johannesburg, two industry sources told Reuters on Thursday. Job cuts are a thorny issue in South Africa where labor relations in the mining shafts are raw and the unemployment rate is around 25 percent.
NEW YORK/ LONDON, Sept 10- Gold fell 0.7 percent on Wednesday, trading near its lowest in seven months at just over $1,240 an ounce, pulled down by fears that encouraging economic data could prompt the U.S.
NEW YORK, Sept 10- U.S.-listed shares of South African gold miner AngloGold Ashanti Ltd were among the biggest percentage decliners on the New York Stock Exchange Wednesday after it announced a $2.1 billion rights issue and plans to spin off its non-South African assets in a new British-based company.
*Gold steadies off 3- month low at $1,247.15/ oz. LONDON, Sept 10- Gold eased towards the previous day's three-month low on Wednesday as the dollar index held near its highest in more than a year, underpinned by expectations that the Federal Reserve may be set to signal a rise in interest rates.
*Gold fails to shake overnight losses of 1 pct. LONDON, Sept 9- Gold hovered near its lowest in three months on Tuesday as the dollar traded at a 14- month high following a Federal Reserve study that caused investors to reassess prospects for higher U.S. interest rates.
TORONTO, Sept 5- On one side, the founder of top miner Goldcorp Inc, his young apprentice, an aggressive securities lawyer, and a tiny company based in a Quebec mining town. Some of Canada's best-known mining executives are sparring over the early-stage but promising Odyssey gold discovery in Quebec, near Canadian Malartic, the country's biggest gold mine.
*Gold ticks up 0.3 percent on technical, physical buying. *Coming Up: European Central Bank meeting. SINGAPORE, Sept 4- Gold inched up on Thursday on technical and physical buying interest in Asia, but prices continued to hover near a 2-1/ 2 month low as brighter prospects for the U.S. economy and the dollar dimmed the metal's appeal.
SINGAPORE, Sept 4- Gold clung to small overnight gains on Thursday on some safe-haven bids due to the Ukraine crisis, but the metal continued to trade near 2-1/ 2 month lows as brighter prospects for the U.S. economy dimmed its appeal.
*NATO says more than 1,000 Russian troops in Ukraine. NEW YORK/ LONDON, Aug 28- Gold rose for a third consecutive session on Thursday as tensions in Ukraine increased and equity markets retreated, but analysts said the rebound could be short-lived due to strong U.S. economic growth data and the prospects of a U.S. interest rate hike.