GO
Loading...

Gold Mining

More

  • SOROS FUND MANAGEMENT LLC CUTS STAKES IN BARRICK GOLD CORP, GOLD MINING COMPANIES ETFS- 13- HR FILING.

  • Gold on hold, demand wanes  Thursday, 13 Nov 2014 | 6:38 AM ET

    We've seen a lot change in eight weeks, says Marcus Grubb, World Gold Council, sharing his thoughts on what's driving gold prices lower. Fundamentals will drive the price from here, says Grubb.

  • REFILE-Appetite for jewelry boosts India gold demand -WGC Thursday, 13 Nov 2014 | 12:14 AM ET

    *India appetite for gold jumps by third in Q3- WGC. Demand in India rose 39 percent to 225.1 tonnes in July-Sept, the second highest on record for the quarter, even as global appetite fell to its lowest in nearly five years, according to the World Gold Council. "Demand will continue to have positive growth over last year as this is a good demand period and a lot of...

  • Appetite for jewellery boosts India gold demand -WGC Thursday, 13 Nov 2014 | 12:00 AM ET

    *India appetite for gold jumps by third in Q3- WGC. Demand in India rose 39 percent to 225.1 tonnes in July-Sept- the second highest on record for the quarter, even as global appetite fell to its lowest in nearly five years, according to the World Gold Council. "Demand will continue to have positive growth over last year as this is a good demand period and a lot of...

  • UPDATE 2-South Africa's AngloGold Ashanti to cut jobs Tuesday, 11 Nov 2014 | 6:30 AM ET

    JOHANNESBURG, Nov 11- South Africa's AngloGold Ashanti plans to cut staff through voluntary severance packages as the bullion producer feels the pinch of lower gold prices and rising costs, it said on Tuesday. A union source close to negotiations with the company said 1,200 positions were affected in South Africa, with AngloGold considering moving 300 staff...

  • Nov 10- Last week's ousting of Mongolia's prime minister is likely to delay talks on resolving a long-running dispute over the huge Oyu Tolgoi copper and gold mine in the mineral-rich country, joint-mine owner Turquoise Hill Resources Ltd said on Monday. Mongolia's parliament voted last week to remove Prime Minister Norov Altankhuyag amid concerns about a...

  • TORONTO, Nov 10- Global mining companies stung by slumping commodity prices are looking forward to a modest consolation prize- weaker local currencies and falling oil prices that will help trim their costs. "It's definitely a silver lining," said Chris Mancini, analyst at Gabelli Gold Fund. Agnico Eagle Mines Ltd, which produces two-thirds of its gold in Canada,...

  • LONDON/ VANCOUVER Nov 6- Struggling gold producers plan increasingly drastic measures such as scrapping dividends, cutting jobs, halting projects and shutting mines to survive the latest price plunge, but not all of them will make it. According to Citi analysts, about three quarters of gold mining companies burn cash at spot prices just below $1,200 on an all-in...

  • Kinross Gold posts loss on income tax expense Wednesday, 5 Nov 2014 | 5:40 PM ET

    Nov 5- Toronto- based miner Kinross Gold Corp reported a quarterly loss on Wednesday, mainly hurt by a $92.3 million income tax expense. Kinross reported a net loss attributable to shareholders of $4.3 million, or breakeven on a per share basis, in the third quarter ended Sept. 30, compared with a profit of $46.9 million, or 4 cents per share, a year earlier.

  • *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 metal has reached its cheapest level relative to gold in more than five years. Retailers and distributors in Asia and the United States said they were...

  • *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...