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.» Read More
Has gold lost its luster as a safe haven trade? GRZ President and Futures Now contributor Anthony Grisanti, shares his opinions.
TORONTO/ VANCOUVER, July 16- Barrick Gold Corp said on Wednesday its chief executive officer will step down in September and not be replaced, concentrating power in the hands of the miner's new executive chairman, John Thornton. The world's biggest gold miner appointed two co-presidents to help run the company after Jamie Sokalsky's departure as CEO.
CNBC contributor Herb Greenberg of Reality Check shares his best strategies for playing the gold miners ETF.
*Gold miners to return to net hedging in 2014. LONDON, July 11- The gold mining industry is increasing its net hedged position for the first time since 2011 after a plunge in gold prices worried creditors, but a return to selling forward masses of bullion is a distant prospect.
*ShFE copper may see another bout of short-covering- Standard Bank. A stoppage in ore shipments from Indonesia since January, as miners Freeport-McMoRan Copper& Gold Inc and Newmont Mining Corp renegotiate taxes on their exports with the government, has wiped out the year's expected surplus.
BRASILIA, June 26- A federal court has revoked the environmental license for a large gold mine planned by Belo Sun Mining Corp on the Xingu River in the Amazon, ruling that the company had failed to assess the impact on local indigenous communities. Belo Sun's stock fell 7 percent on the Toronto Stock Exchange to 19 Canadian cents.
LONDON, June 26- Gold pared losses on Thursday after U.S. data put pressure on Treasury yields, though it remained below this week's two-month high as a firmer tone to equities suggested investors were switching back into assets offering a better return.
BRASILIA, June 26- A federal court has revoked the environmental license for a massive gold mine planned by Belo Sun Mining Corp on the Xingu River in the Amazon, ruling that the company had failed to assess the impact on local indigenous communities.
*Coming up: U.S. Weekly jobless claims at 1230 GMT. LONDON, June 26- Gold eased towards $1,310 an ounce on Thursday, retreating from this week's two-month high, as a firmer tone to equities suggested investors were switching back into assets with the potential to offer higher returns.
LIMA, June 25- A federal judge in Lima has ordered a regional president detained for 14 months while prosecutors prepare corruption charges against the official, who is the main opponent of Newmont Mining's $5 billion stalled Conga gold project.
NEW YORK/ LONDON, June 20- Gold fell on Friday as a record high in the S&P equities index and a higher dollar prompted bullion investors to take profits, a day after the metal's biggest rise in nine months on fresh bullish bets and short covering.
NEW YORK/ LONDON, June 19- Gold surged over 3 percent for its best day in eight months on Thursday as the Federal Reserve's lack of commitment to raise interest rates and continued tensions in the Middle East unleashed a wave of short covering.
JAKARTA, June 12- The chief executives of Freeport McMoRan Copper& Gold Inc and Newmont Mining Corp are both in Indonesia's capital, marking what might be a last-ditch effort to resolve a dispute over a mineral export tax before a new administration takes over in October.
Prices of copper – the industrial metal used in everything from cars to houses – have declined this week, heading towards a one-month low.
June 6- Timmins Gold Corp said it had set up a special committee of independent directors to help respond to a proxy fight launched by a major shareholder to take control of the Canadian gold miner's board.
TORONTO, June 2- A major shareholder of Timmins Gold Corp, which owns the San Francisco gold mine in Mexico, said on Monday it planned to nominate six candidates for the company's eight-member board. Shares of Timmins jumped 5.8 percent to C $1.46 in morning trading on the Toronto Stock Exchange.
As stocks rise, gold continues to weaken. CNBC's Jackie DeAngelis reports gold has dipped for the third consecutive day hitting a 3-month low.
SINGAPORE, May 22- Gold slipped on Thursday as the top bullion-backed fund posted its biggest outflow in three weeks and after the U.S. *Spot gold had fallen $1 to $1,290.40 an ounce by 0024 GMT. *Rio Alto Mining Ltd said it would buy Sulliden Gold Corp Ltd in a deal valued at about C $300 million, creating a gold miner focused on Peru.
*To pay 0.525 in stock, equals C $1.12 per share. May 21- Canada's Rio Alto Mining Ltd said on Wednesday it would buy Sulliden Gold Corp Ltd for about C $300 million in an all-stock deal to create a Peru- focused gold miner.
May 21- Rio Alto Mining Ltd said it would buy Sulliden Gold Corp Ltd in a deal valued at about C $300 million, creating a gold miner focused on Peru, the fifth biggest gold producer in the world. The offer values Sulliden at C $1.12 per share, representing a 43 percent premium to the stock's Tuesday close on the Toronto Stock Exchange.