NEW YORK— Shares of some top gold companies are mixed at 1 p.m.:. Barrick Gold Corp. rose$. 04 or. 4 percent, to $10.49. Newmont Mining Corp. rose$. 10 or. 5 percent, to $18.02.» Read More
Karl Simich, Managing Director, Sandfire Resources, says the copper space comprises of large mines that are difficult to take over whereas the gold mining sector has smaller assets that are ripe for picking.
Bill Beament, Managing Director, Northern Star Resources, discusses its decision to purchase two mines from Barrick Gold early this year.
NEW DELHI/ SINGAPORE, Aug 1- India is scrambling to crack down on a new gold smuggling tactic that it fears could accelerate a flood of illegal imports of the precious metal into the world's second-biggest buyer.
JOHANNESBURG, July 31- South Africa's Sibanye Gold remains on the hunt for a platinum asset and has Anglo American Platinum's mines in its sights, ready to make a move if the owner decides on either a straight sale or a separate listing for the assets.
HONG KONG, July 31- China shares finished their best month since 2012 on a positive note on Thursday, with banks and mining companies leading index solid gains. Zijin Mining Group surged 7.1 percent and Zhongjin Gold Corp 9 percent.
JAKARTA, July 24- Indonesia is expected to issue U.S. mining giant Freeport-McMoRan Copper& Gold with a government permit to resume exporting copper concentrates in one or two weeks, a mining ministry official said on Thursday.
Has gold lost its luster as a safe haven trade? GRZ President and Futures Now contributor Anthony Grisanti, shares his opinions.
TORONTO/ VANCOUVER, July 16- Barrick Gold Corp said on Wednesday its chief executive officer will step down in September and not be replaced, concentrating power in the hands of the miner's new executive chairman, John Thornton. The world's biggest gold miner appointed two co-presidents to help run the company after Jamie Sokalsky's departure as CEO.
CNBC contributor Herb Greenberg of Reality Check shares his best strategies for playing the gold miners ETF.
*Gold miners to return to net hedging in 2014. LONDON, July 11- The gold mining industry is increasing its net hedged position for the first time since 2011 after a plunge in gold prices worried creditors, but a return to selling forward masses of bullion is a distant prospect.
*ShFE copper may see another bout of short-covering- Standard Bank. A stoppage in ore shipments from Indonesia since January, as miners Freeport-McMoRan Copper& Gold Inc and Newmont Mining Corp renegotiate taxes on their exports with the government, has wiped out the year's expected surplus.
BRASILIA, June 26- A federal court has revoked the environmental license for a large gold mine planned by Belo Sun Mining Corp on the Xingu River in the Amazon, ruling that the company had failed to assess the impact on local indigenous communities. Belo Sun's stock fell 7 percent on the Toronto Stock Exchange to 19 Canadian cents.
LONDON, June 26- Gold pared losses on Thursday after U.S. data put pressure on Treasury yields, though it remained below this week's two-month high as a firmer tone to equities suggested investors were switching back into assets offering a better return.
BRASILIA, June 26- A federal court has revoked the environmental license for a massive gold mine planned by Belo Sun Mining Corp on the Xingu River in the Amazon, ruling that the company had failed to assess the impact on local indigenous communities.
*Coming up: U.S. Weekly jobless claims at 1230 GMT. LONDON, June 26- Gold eased towards $1,310 an ounce on Thursday, retreating from this week's two-month high, as a firmer tone to equities suggested investors were switching back into assets with the potential to offer higher returns.
LIMA, June 25- A federal judge in Lima has ordered a regional president detained for 14 months while prosecutors prepare corruption charges against the official, who is the main opponent of Newmont Mining's $5 billion stalled Conga gold project.
Prices of copper – the industrial metal used in everything from cars to houses – have declined this week, heading towards a one-month low.
As stocks rise, gold continues to weaken. CNBC's Jackie DeAngelis reports gold has dipped for the third consecutive day hitting a 3-month low.
Mining stocks have fallen out of favor, but just when things could have turned from bad to worse it appears that the sector is the new contrarian play for 2014.
Freeport-McMoRan is selling its Eagle Ford Shale assets in Texas to an Encana subsidiary for $3.1 billion.