Jake Klein, Executive Chairman at Evolution Mining, discusses how the miner returned to profitability for the financial year despite difficult trading conditions and a slump in gold prices.» Read More
TORONTO/ VANCOUVER, Aug 26- Barrick Gold Corp is eliminating its corporate development team and more cuts are in the works as the world's top gold miner looks to reduce costs, three sources familiar with the situation said on Tuesday.
NEW YORK— Shares of some top gold companies are up at 1 p.m.:. Barrick Gold Corp. rose$. 08 or. 4 percent, to $18.09. Newmont Mining Corp. rose$. 39 or 1.5 percent, to $26.37.
NEW YORK— Shares of some top gold companies are up at 10 a.m.:. Barrick Gold Corp. rose$. 15 or. 8 percent, to $18.16. Newmont Mining Corp. rose$. 50 or 1.9 percent, to $26.48.
Barrick Gold Corp. fell$. 23 or 1.3 percent, to $18.01. Gold Fields unchanged at $4.25. Newmont Mining Corp. fell$. 41 or 1.6 percent, to $25.98.
NEW YORK— Shares of some top gold companies are down at 10 a.m.:. Barrick Gold Corp. fell$. 13 or. 7 percent, to $18.11. Newmont Mining Corp. fell$. 31 or 1.2 percent, to $26.08.
NEW YORK— Shares of some top gold companies are mixed at 10 a.m.:. Barrick Gold Corp. fell$. 10 or. 5 percent, to $18.73. Newmont Mining Corp. fell$. 12 or. 4 percent, to $26.71.
Shares of mining giant BHP Billiton closed 4.9 percent lower in London on Tuesday after the group announced plans to spinoff businesses worth around $16 billion.
*Palladium hovers below 13- year high of $900 an ounce. Palladium steadied near a 13- year high of $900 an ounce hit in the previous session, supported by worries about supplies from top producer Russia and strong demand prospects.
Palladium steadied near a 13- year high of $900 an ounce hit in the previous session, supported by worries over supplies from top producer Russia and strong demand prospects.
Barrick Gold Corp. rose$. 06 or. 3 percent, to $19.01. Gold Fields rose$. 03 or. 7 percent, to $4.19. Newmont Mining Corp. fell$. 07 or. 3 percent, to $26.82.
Hedge fund Paulson & Co maintained its stake in the world's biggest gold-backed exchange-traded fund, SPDR Gold Trust, in the second quarter.
MOSCOW, Aug 14- Russia's gold producers' lobby has upgraded its 2014 output forecast to 275 tonnes after the industry boosted production by 26.6 percent in the first half of the year, the Gold Industrialists' Union said on Thursday.
JOHANNESBURG, Aug 14- South African bullion producer Harmony Gold said on Thursday it was looking for acquisition opportunities elsewhere in Africa and in Papua New Guinea, even as it scales back investment on existing projects.
Matthew McLennan, First Eagle head of global value, discusses opportunities in gold mining.
*Gold shares up 22%, heavily outperform basic gold price. LONDON, Aug 8- Gold mining shares are bouncing back from a disastrous 2013 and are expected to far outperform the price of the metal in coming months as company efficiency measures lure investors back to the sector.
Jake Klein, Executive Chairman, Evolution Mining, outlines how the miner coped with a 28 percent slump in gold prices last year. He also discusses the importance of cost-saving plans.
Ever wonder what Western Australia was like during the 1890s gold rush? CNBC's Matthew Taylor travels back in time to Kalgoorlie.
Sandfire Resources looks set to return cash to shareholders soon.
The annual gathering of the Australian mining space has issued a cautiously optimistic note as the forum in Kalgoorlie kicked off on Monday.
Karl Simich, Managing Director, Sandfire Resources, says the copper space comprises of large mines that are difficult to take over whereas the gold mining sector has smaller assets that are ripe for picking.