NEW YORK— Shares of some top gold companies are mixed at 1 p.m.:. Barrick Gold Corp. rose$. 11 or. 8 percent, to $12.54. Newmont Mining Corp. rose$. 17 or. 7 percent, to $24.32.» Read More
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.
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.
*Gold fails to shake overnight losses of 1 pct. LONDON, Sept 9- Gold hovered near its lowest in three months on Tuesday as the dollar traded at a 14- month high following a Federal Reserve study that caused investors to reassess prospects for higher U.S. interest rates.
TORONTO, Sept 5- On one side, the founder of top miner Goldcorp Inc, his young apprentice, an aggressive securities lawyer, and a tiny company based in a Quebec mining town. Some of Canada's best-known mining executives are sparring over the early-stage but promising Odyssey gold discovery in Quebec, near Canadian Malartic, the country's biggest gold mine.
*Gold ticks up 0.3 percent on technical, physical buying. *Coming Up: European Central Bank meeting. SINGAPORE, Sept 4- Gold inched up on Thursday on technical and physical buying interest in Asia, but prices continued to hover near a 2-1/ 2 month low as brighter prospects for the U.S. economy and the dollar dimmed the metal's appeal.
SINGAPORE, Sept 4- Gold clung to small overnight gains on Thursday on some safe-haven bids due to the Ukraine crisis, but the metal continued to trade near 2-1/ 2 month lows as brighter prospects for the U.S. economy dimmed its appeal.
*NATO says more than 1,000 Russian troops in Ukraine. NEW YORK/ LONDON, Aug 28- Gold rose for a third consecutive session on Thursday as tensions in Ukraine increased and equity markets retreated, but analysts said the rebound could be short-lived due to strong U.S. economic growth data and the prospects of a U.S. interest rate hike.
*More than 1,000 Russian troops in Ukraine- NATO. NEW YORK/ LONDON, Aug 28- Gold rose for a third consecutive session on Thursday as tensions over Ukraine increased and equity markets retreated, but analysts said the rebound could be short-lived due to strong U.S. economic growth and prospects of a U.S. interest rate hike.
LONDON, Aug 28- Gold rose for a third straight session on Thursday due to a softer dollar and equity markets as tensions between Ukraine and Russia ratcheted up, but the metal's rebound could be short lived on prospects of a U.S. interest rate hike.
Jake Klein, Executive Chairman at Evolution Mining, discusses how the miner returned to profitability for the financial year despite difficult trading conditions and a slump in gold prices.
TORONTO/ VANCOUVER, Aug 26- Barrick Gold Corp is eliminating its entire corporate development team and more cuts are in the works as the world's top gold miner looks to trim costs, three sources familiar with the situation said on Tuesday.
TORONTO/ VANCOUVER, Aug 26- Barrick Gold Corp is eliminating its corporate development team and more cuts are in the works as the world's top gold miner looks to reduce costs, three sources familiar with the situation said on Tuesday.
Shares of mining giant BHP Billiton closed 4.9 percent lower in London on Tuesday after the group announced plans to spinoff businesses worth around $16 billion.