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Gold Mining

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  • TORONTO, March 10- Barrick Gold Corp said on Monday it plans to sell about 13.5 percent of its holdings in its majority-owned subsidiary African Barrick Gold. In 2012, the company attempted to sell a part, or all of its interest in African Barrick Gold to China National Gold Group, but those talks fell apart last year.

  • TORONTO, March 10- Barrick Gold Corp said on Monday it plans to sell about 13.5 percent of its holdings in its majority-owned subsidiary African Barrick Gold. In 2012, the company attempted to sell a part, or all of its interest in African Barrick Gold to China National Gold Group, but those talks fell apart last year.

  • LONDON, March 5- Gold was little changed on Wednesday as demand for safe assets cooled on easing fears of imminent military action by Russia in Ukraine, and traders waited for a new series of U.S. data for clues on the strength of the economy. The United States and Russia will hold talks over Ukraine on Wednesday.

  • *Gold steady after 1 pct overnight fall. SINGAPORE, March 5- Gold was little changed on Wednesday as safe-haven buying cooled on easing fears of imminent military action by Russia in Ukraine, and as traders waited for U.S. data for clues on the strength of the economy.

  • RELAVE, Peru, March 4- Tucked between two desert ridges in southern Peru, Relave looks like any of the hundreds of ramshackle mining towns that blight the landscape in the world's sixth-largest gold exporter.

  • *Zijin Mining spikes on soaring gold prices. HONG KONG, March 4- China shares slipped early on Tuesday, capping Hong Kong gains, with banks among the biggest index drags as cash rates rose following the central bank's use of a 28- day instrument for the first time since June to drain funds.

  • March 3- Freeport-McMoRan Copper& Gold Inc halved the base salaries of two members of the Office of the Chairman as of Feb. 27, according to a filing by the company on Monday. Executive Chairman James Moffett and James Flores, CEO of FCX's oil and gas unit, will be paid $1.25 million instead of $2.5 million.

  • March 3- Osisko Mining Corp has settled a lawsuit it filed against Goldcorp Inc in reaction to Goldcorp's hostile takeover bid for the Canadian gold miner, a move that might lead to a negotiated deal or buy Osisko time to find a white knight.

  • *Ottawa leaves door open for Taseko to submit new development proposal. VANCOUVER, Feb 26- Canada's government has blocked the development of a controversial copper and gold mine owned by Taseko Mines Ltd, the second time in just over three years that it has halted the mine plan.

  • But recent fundraising success for established miners and a few exploration companies like North Arrow Minerals Inc, Torex Gold Resources Inc and Lydian International Ltd has encouraged many tiny explorers, often called junior miners, that there is a window of opportunity to tap investors.

  • Mexico grants Fresnillo explosives permit for gold mine Wednesday, 26 Feb 2014 | 3:33 AM ET

    LONDON, Feb 26- Mexico has granted precious metals miner Fresnillo a new explosives permit, allowing it to resume operations at one of its gold mines, the company said on Wednesday.

  • Peter Toogood, investment director at City Financial Investment Company, says it is too late to buy bank stocks, but equities in mining companies could be a good investment.

  • Evolution Mining: Net profit still solid     Thursday, 20 Feb 2014 | 10:33 PM ET

    Jake Klein, Chairman of Evolution Mining, discusses the firm's first-half profit results which saw a 13 percent drop, thanks to slumping gold prices last year.

  • *80 pct of Swiss gold exports head for Asia. NEW YORK/ LONDON, Feb 20- Gold rose on Thursday due to disappointing U.S. and Chinese manufacturing data, but overall improvement in global economic conditions and continued stimulus tapering by the Federal Reserve could dent safe haven demand, traders said.

  • *Gold to hover above $1,307- technicals. SINGAPORE, Feb 20- Gold edged up in choppy trade on Thursday as the U.S. dollar gave up gains, while demand from the physical sector also underpinned prices. Gold hit a low of $1,308.34 an ounce on a firmer dollar before rising as high as $1,314.70 as the U.S. currency changed course.

  • PRECIOUS-Gold weakens as dollar recovers after Fed minutes Wednesday, 19 Feb 2014 | 11:03 PM ET

    *Gold to hover above $1,307- technicals. SINGAPORE, Feb 20- Gold slipped on Thursday as the dollar firmed after minutes from a U.S. Gold hit an intraday high of $1,314.50 before slipping to $1,309.85 by 0332 GMT, down $1.40.

  • BENONI, South Africa, Feb 19- After eight days decomposing in a disused South African gold mine, 32- year-old Blessing's body was so bloated it could barely fit through the tiny tunnel entrance hidden at the foot of a towering mine dump in a town east of Johannesburg.

  • UPDATE 3-Barrick posts big loss, slashes gold reserves Thursday, 13 Feb 2014 | 2:33 PM ET

    TORONTO, Feb 13- Barrick Gold Corp, the world's largest gold miner, reported a big fourth-quarter loss on Thursday as it took a hefty impairment charge, cut its gold reserve estimate by 26 percent and said costs per ounce would likely rise this year. Dundee Capital Markets analyst Josh Wolfson said Barrick's shares have underperformed so far this year.

  • Toronto- based Barrick forecast its all-in sustaining costs- a measure meant to capture the effective day-to-day cost of producing an ounce of gold- would be between $920 and $980 per ounce in 2014, up from $915 in 2013..

  • UPDATE 1-Barrick reports big loss on impairment charge Thursday, 13 Feb 2014 | 7:31 AM ET

    TORONTO, Feb 13- Barrick Gold Corp reported a big fourth-quarter loss on Thursday as it took another impairment charge, cut its gold reserve estimate by 26 percent and said a key cost measure might rise this year. The world's largest gold miner forecast all-in sustaining costs of between $920 and $980 to produce one ounce of gold for 2014, up from $915 in 2013..