GO
Loading...

Gold Mining

More

  • *Royal Canadian Mint on allocation from September. SINGAPORE/ NEW YORK, Nov 5- A tumble in silver prices to four-year lows has triggered a global scramble by consumers to purchase silver coins and bars, as the spread between the price of the metal and gold reaches its widest in five years. Retailers and distributors in Asia and the United States said they were...

  • ULAN BATOR, Nov 5- Mongolia's parliament voted on Wednesday to remove Prime Minister Norov Altankhuyag amid concerns about a serious economic downturn as gold, copper and coal prices and foreign direct investment slump. The political fight has distracted the government of the resource-rich country, landlocked between Russia and China, from passing a budget.

  • Oct 30- Newmont Mining Corp reported lower third-quarter earnings on Thursday but the largest U.S.-based gold miner beat market expectations and also reduced its forecast for gold production costs this year. Newmont said it now expected 2014 all-in sustaining costs for producing an ounce of gold to be $1,020 to $1,080. Newmont, which has mines in North and...

  • The largest U.S.-based gold miner said attributable net income from continuing operations was $210 million, or 42 cents a share, in the quarter, down from a profit of $419 million, or 84 cents a share, in the same period last year. Adjusted net income was $249 million, or 50 cents per basic share, compared with $217 million, or 44 cents per basic share, in the prior year...

  • UPDATE 2-Goldcorp results lag expectations, stock drops Thursday, 30 Oct 2014 | 10:21 AM ET

    TORONTO, Oct 30- Goldcorp Inc, the world's biggest gold producer by market value, reported lower-than-expected adjusted earnings on Thursday as production lagged expectations, sending its stock sharply lower. The Vancouver, British Columbia- based miner said adjusted earnings fell to $70 million, or 9 cents a share, in the quarter from $190 million, or 23 cents a...

  • Barrick, the world's biggest gold producer by output, said it now expects its all-in sustaining costs to come in between $880 and $920 per ounce of gold this year, down from a previously expected range of $900 to $940 an ounce. The company said its net earnings fell to $125 million, or 11 cents a share, in the quarter to end-September from $172 million, or 17 cents a share,...

  • Oct 28- Freeport-McMoRan Inc on Tuesday reported better-than expected quarterly earnings but lowered its production estimates for the full year partly on worker strife at its big copper and gold mine in Indonesia, sending its shares down more than 4 percent. "We believe the weak October production is the reason for lower annual guidance," RBC Capital Markets...

  • *Gold drops to 2- week low early in Asia but recovers. SINGAPORE, Oct 28- Gold recovered after falling to its lowest in nearly two weeks on Tuesday as investors nervously awaited a U.S. Gold could test resistance at $1,233 an ounce, according to Reuters technicals analyst Wang Tao.

  • 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.

  • Metals malaise weighs on equity markets Monday, 22 Sep 2014 | 6:13 AM ET

    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.