NEW YORK— Shares of some top gold companies are up at 10 a.m.:. Barrick Gold Corp. rose$. 01 or. 1 percent, to $12.79. Newmont Mining Corp. rose$. 07 or. 3 percent, to $26.12.» Read More
NEW YORK— Shares of some top gold companies are mixed at 10 a.m.:. Barrick Gold Corp. fell$. 03 or. 2 percent, to $12.86. Newmont Mining Corp. rose$. 33 or 1.3 percent, to $25.91.
JOHANNESBURG, Feb 23- South Africa's Harmony Gold must feel cursed by its Kusasalethu mine, where a fire on Sunday has delivered a fresh blow to the company's efforts to boost earnings. More than half of their book is not making money and Kusasalethu is the main culprit, "said Daniel Sacks, portfolio manager at Investec. The deep level operation west of Johannesburg...
*Fire started 2.3 km underground at 0800 GMT. JOHANNESBURG, Feb 22- South Africa's Harmony Gold said on Sunday all 486 miners who were trapped underground following a fire had been rescued. South Africa's gold mines are the deepest in the world and were ranked as some of the most dangerous during the apartheid era.
*Mine belongs to Harmony Gold. JOHANNESBURG, Feb 22- About 200 miners were missing on Sunday after an underground fire at a mine belonging to South Africa's Harmony Gold, the company said. South Africa's gold mines are the deepest in the world and were ranked as some of the most dangerous during the apartheid era.
A powerful cyclone hits northeast Australia, causing massive damage and causing flash flooding, while a second storm made landfall to the west.
Feb 19- Newmont Mining Corp, the U.S.' s largest gold producer, reported on Thursday a narrower adjusted fourth quarter profit, though earnings were stronger than expected. Adjusted net income, which excludes one-time items like non-cash write downs, was $86 million, or 17 cents a share, in the quarter ended Dec. 31, compared with $143 million, or 28 cents a share, in the...
TORONTO, Feb 19- Goldcorp Inc posted a hefty loss on Thursday as it took a $2.3 billion impairment charge on a new mine in Argentina, the second multi-billion dollar writedown from a top gold miner in as many days. The charge follows an even larger $2.8 billion writedown reported by Barrick Gold Corp, the world's top gold producer by production.
TORONTO, Feb 19- Goldcorp Inc on Thursday said its fourth-quarter loss more than doubled as it took a $2.3 billion impairment charge on its new Cerro Negro gold mine in Argentina. The company, the world's biggest gold producer by market value, said its net loss widened to $2.4 billion, or $2.94 a share, from $1.1 billion, or $1.34 a share, a year earlier.
Feb 18- Barrick Gold Corp said on Wednesday it will sell its Porgera mine in Papua New Guinea and its Cowal mine in Australia to help reduce net debt by at least $3 billion by year-end, giving investors a long-awaited glimpse into its strategy. Barrick, the world's biggest gold producer, also said it was reducing the size of its Toronto head office by close to half...
Feb 18- Barrick Gold Corp said on Wednesday it plans to reduce its net debt by $3 billion by the end of the year through moves that will include selling its Porgera mine in Papua New Guinea and its Cowal mine in Australia. The Toronto- based company reported a net loss in the fourth quarter as it booked $2.8 billion in after-tax impairment charges related mostly to...
Feb 18- Barrick Gold Corp on Wednesday reported a net loss in the fourth quarter as it booked $2.8 billion in after-tax impairment charges related mostly to its Lumwana mine in Zambia and its Cerro Casale project in Chile.
NEW YORK— Shares of some top gold companies are down at 1 p.m.:. Barrick Gold Corp. fell$. 04 or. 3 percent, to $11.99. Newmont Mining Corp. fell$. 15 or. 6 percent, to $24.04.
Karl Simich, Managing Director and CEO of Sandfire Resources, says the company is trying to keep production as consistent as possible amid volatile commodity prices.
After reporting record profits, Jake Klein, Executive Chairman of Evolution Mining, describes the advantage gold miners have over their energy and iron ore peers.
NEW YORK— Shares of some top gold companies are down at 1 p.m.:. Barrick Gold Corp. fell$. 05 or. 4 percent, to $12.09. Newmont Mining Corp. fell$. 51 or 2.1 percent, to $24.27.
"Yes we look at build versus buy, ... but right now is not the time to go out and buying distressed assets," Rio Tinto CEO Sam Walsh tells CNBC.
MUMBAI/ SINGAPORE, Feb 12- India is likely to remain the world's biggest gold consumer this year after regaining the top spot from China in 2014, driven by robust jewellery demand, the World Gold Council said on Thursday. The industry group forecast gold demand in both India and China to rise to 900-1,000 tonnes in 2015, but said India was likely to retain its edge.
Feb 11- Yamana Gold Inc will go ahead with the construction of a mine at its Cerro Moro gold and silver project in Argentina, the Toronto- based gold miner said on Wednesday. All-in sustaining costs, the gold industry's benchmark cost metric, are expected to be between $547 to $557 per ounce of gold and $7.60 to $7.80 per ounce of silver over the life of the mine, Yamana...
Feb 10- Kinross Gold Corp will not go ahead with a $1.6 billion expansion of its Tasiast mine in Africa's northwest because of the weak gold price, the Toronto- based miner said on Tuesday, as it also reported an unexpected fourth-quarter loss. Bullion, which was last at $1,233 an ounce, is down 36 percent from its peak of $1,920 an ounce in September 2011.
Feb 10- Kinross Gold Corp reported a $1.47 billion fourth-quarter loss on Tuesday, well below analysts' expectations, as the Canadian gold producer took impairment charges and writedowns of more than $1 billion. The adjusted loss was $6 million, or 1 cent a share, down from an adjusted loss of $25.1 million, or 2 cents a share, before. Kinross, which has operations in...