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Gold Mining

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  • *Vedanta's Zambia copper unit to remain loss-making- CEO. LUSAKA, April 23- Barrick Gold Corp. has backtracked on its decision to suspend operations at its Lumwana open pit copper mine in Zambia after the cabinet reduced mining royalties, a senior government official said on Thursday. Zambia's cabinet set the royalty tax rate for open cast and underground...

  • Freeport-McMoran reports 1Q loss Thursday, 23 Apr 2015 | 8:15 AM ET

    PHOENIX— Freeport-McMoran Copper& Gold Inc. on Thursday reported a first-quarter loss of $2.47 billion, after reporting a profit in the same period a year earlier. The average estimate of 13 analysts surveyed by Zacks Investment Research was for a loss of 4 cents per share. Four analysts surveyed by Zacks expected $4.02 billion.

  • Early Glance: Gold companies Wednesday, 22 Apr 2015 | 10:25 AM ET

    NEW YORK— Shares of some top gold companies are down at 10 a.m.:. Barrick Gold Corp. fell$. 05 or. 4 percent, to $12.76. Newmont Mining Corp. fell$. 31 or 1.3 percent, to $23.20.

  • Midday Glance: Gold companies Tuesday, 21 Apr 2015 | 1:45 PM ET

    NEW YORK— Shares of some top gold companies are mixed at 1 p.m.:. Barrick Gold Corp. fell$. 03 or. 2 percent, to $12.72. Newmont Mining Corp. fell$. 06 or. 3 percent, to $23.46.

  • Midday Glance: Gold companies Monday, 20 Apr 2015 | 1:17 PM ET

    NEW YORK— Shares of some top gold companies are mixed at 1 p.m.:. Barrick Gold Corp. fell$. 02 or. 2 percent, to $12.74. Newmont Mining Corp. fell$. 01 or percent, to $23.56.

  • Early Glance: Gold companies Monday, 20 Apr 2015 | 10:38 AM ET

    NEW YORK— Shares of some top gold companies are mixed at 10 a.m.:. Barrick Gold Corp. fell$. 04 or. 3 percent, to $12.72. Newmont Mining Corp. fell$. 03 or. 1 percent, to $23.54.

  • *Major court decisions expected this year- Gold Reserve. CARACAS, April 16-- Gold Reserve Inc, a small Canadian miner that lost its crown jewel in a 2009 expropriation, is targeting Venezuelan assets as it seeks to collect a $750 million arbitration award that would put new strains on the cash-strapped government's finances. With higher-profile cases including...

  • Thousands of Greek miners protest feared job losses Thursday, 16 Apr 2015 | 4:01 AM ET

    ATHENS, Greece— Workers at a northern Greek gold mine and their supporters marched through Athens on Thursday, in the most significant labor challenge the new radical left-led government has faced since its election in January. The government has temporarily revoked a permit for a key ore enrichment plant, and accuses the Eldorado Gold mining company of...

  • Citi analysts call the 'end of the Iron Age' Monday, 13 Apr 2015 | 9:31 AM ET
    Stackers load crushed iron ore onto a stockpile at an ore processing facility in Pilbara, Western Australia.

    Oversupply and a lack of demand growth has led some market analysts to speculate that iron ore prices will never recover to former levels.

  • Alamos Gold, AuRico Gold merging in $1.5B deal Monday, 13 Apr 2015 | 8:21 AM ET
    A mine worker displays a large ingot of gold during the refining process at the Loulo-Gounkoto gold mine complex operated by Randgold Resources Ltd. in Loulo, Mali, Nov. 1, 2013.

    Canadian gold mining companies Alamos Gold and AuRico Gold are merging in a deal valued at approximately $1.5 billion.

  • MANILA, April 13- The Philippines is tightening oversight of the roughly 300,000 small-scale miners in the country as it looks to curb illegal mining and gold smuggling, as well as to protect the environment, a government official said on Monday. The Philippines is sitting on mineral reserves worth $1.4 trillion, among the world's biggest, but mining accounts...

  • SINGAPORE, April 13- Gold steadied above $1,200 an ounce on Monday after rising more than 1 percent in a chart-based rebound the session before, but persistent concern that the U.S. central bank is on course to lift rates this year should cap any gains. *Spot gold was flat at $1,207.81 an ounce by 0015 GMT. *Africa's top gold mining company AngloGold Ashanti is...

  • TORONTO, April 9- Influential proxy advisory firm Glass Lewis is recommending that shareholders vote against Barrick Gold Corp's executive compensation plan, while flagging "serious concerns" with the executive chairman's pay. Toronto- based Barrick introduced a new compensation program last year after a shareholder outcry in 2013, but it still resulted...

  • TORONTO, April 9- The influential proxy advisory firm Glass Lewis is recommending that shareholders vote against Barrick Gold Corp's executive compensation plan, while flagging "serious concerns" with the executive chairman's pay. The Toronto- based company introduced a new compensation program last year after a shareholder outcry in 2013, but it still...

  • India's rich temples may open gold vaults for PM Modi Thursday, 9 Apr 2015 | 5:00 PM ET

    It is one of India's richest temples, having amassed 158 kg of gold offerings, worth some $67 million, and its heavily guarded vaults are strictly off limits. Now, Prime Minister Narendra Modi wants to get his hands on this temple gold, estimated at about 3,000 tonnes, more than two thirds of the gold held in the U.S bullion depository at Fort Knox, Kentucky, to help...

  • NEW YORK, April 1- Barrick Gold Corp has lost its bid to dismiss a U.S. lawsuit that accuses the world's largest gold producer of concealing problems at a troubled South American mine and of fraudulently inflating the company's market value by billions of dollars. District Judge Shira Scheindlin in Manhattan ruled on Wednesday that shareholders can pursue...

  • NEW YORK, April 1- Barrick Gold Corp lost its bid to dismiss a U.S. lawsuit accusing the world's largest gold producer of concealing problems at a troubled South American mine, and fraudulently inflated its market value by tens of billions of dollars. District Judge Shira Scheindlin in Manhattan ruled on Wednesday that shareholders could pursue class action...

  • Peak gold: Only 20 years' worth of metal left? Tuesday, 31 Mar 2015 | 11:45 AM ET

    A new report from Goldman Sachs suggests there are only two decades of "mineable" gold left.

  • LONDON, March 30- Gold fell one percent on Monday, down for a second straight session as the dollar climbed on increasing prospects that the Federal Reserve may start raising interest rates gradually this year. "It seems the market is once again focusing on the Fed raising rates," Deutsche Boerse's MNI senior analyst Tony Walters said. Gold, which does not pay any...

  • That far outstrips an estimate given late last year of 42-52 tonnes, after Mexican gold and silver miner Fresnillo said it was hedging 47 tonnes of output over five years. In their quarterly Global Hedge Book Analysis, Societe Generale and GFMS analysts at Thomson Reuters said the bulk of the rise in the global gold hedge book last year was driven by Fresnillo and...