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Gold Mining

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  • 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.

  • *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.

  • Evolution Mining's golden turnaround  Thursday, 28 Aug 2014 | 12:33 AM ET

    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.

  • Investors reject BHP deal, hunt for value elsewhere Tuesday, 19 Aug 2014 | 8:48 PM ET

    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.

  • First Eagle's gold miner's view  Wednesday, 13 Aug 2014 | 12:51 PM ET

    Matthew McLennan, First Eagle head of global value, discusses opportunities in gold mining.

  • Evolution Mining: Cost-saving is top priority  Monday, 4 Aug 2014 | 11:45 PM ET

    Jake Klein, Executive Chairman, Evolution Mining, outlines how the miner coped with a 28 percent slump in gold prices last year. He also discusses the importance of cost-saving plans.

  • CNBC revisits the golden age of Kalgoorlie  Monday, 4 Aug 2014 | 6:50 PM ET

    Ever wonder what Western Australia was like during the 1890s gold rush? CNBC's Matthew Taylor travels back in time to Kalgoorlie.