VANCOUVER/ TORONTO, March 9- Private equity firms are going underground. In the past, they have largely shunned mining acquisitions, as the volatility of commodities prices and cash flow made it difficult to structure leveraged deals.
SINGAPORE, March 5- Gold was little changed on Wednesday following sharp overnight losses as safe-haven buying cooled on easing fears of imminent military action by Russia in Ukraine. Bullion prices were also kept in check by higher equities, which recovered after Russian President Vladimir Putin said he would use force in Ukraine only as a last resort.
OSLO, Feb 28- Norway's $840 billion sovereign fund, the world's biggest equity investor, has cut its investments in gold and coal miners due to environmental concerns and will review the entire mining sector this year, it said on Friday.
NEW YORK, Feb 14- Hedge fund Paulson& Co maintained its stake in the world's biggest gold-backed exchange-traded fund, SPDR Gold Trust, in the fourth quarter, even as others exited when bullion prices posted their biggest annual loss in 32 years.
SINGAPORE, Feb 14- Spot gold was holding gains near $1,300 an ounce on Friday and looked set to post its biggest weekly gain since October as more weak U.S. data raised fears about economic growth, burnishing the metal's appeal as a safe-haven.
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..
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..
Some of Tuesday's midday movers:
VANCOUVER, Feb 6- At a time when major miners have turned gun-shy on acquisitions after a rash of value-busting deals, two big players made it clear last week that they are still keen to partner with junior firms on high-quality, early-stage projects.
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TORONTO, Feb 4- Silver Standard Resources Inc said on Tuesday it will buy the Marigold mine in Nevada for $275 million in cash from joint owners Goldcorp Inc and Barrick Gold in a move aimed at its boosting its gold exposure.
Feb 4- Silver Standard Resources said it will buy the Marigold mine in Nevada for $275 million in cash from joint owners Goldcorp Inc and Barrick Gold in a deal that would provide the Canadian miner more exposure to gold.
SINGAPORE, Jan 27- Gold rallied for a third session on Monday to its highest in two months, with its safe-haven appeal boosted as shares fell on expectations investors would keep shifting money away from emerging economies. *Spot gold had risen 0.5 percent to $1,275.09 an ounce by 0021 GMT, after hitting a two-month peak of $1,278.01 earlier.
LONDON/ SYDNEY, Jan 24- Copper dipped on Friday and was on track for its biggest weekly fall since mid-November as slowing growth in China's factories fuelled worries over demand in the world's top metals consumer.
SYDNEY, Jan 24- London copper edged up on Friday on a weaker dollar, but was on track for its biggest weekly fall since mid-November as slowing growth in China's factories fuelled worries over demand in the world's top metals consumer. *Copper prices were set to close the week down around 1.5 percent, having dipped to $7,190 a tonne on Thursday- the lowest since Dec. 19.
SINGAPORE, Jan 24- Gold was trading close its highest in seven weeks on Friday and poised to record its fifth straight weekly gain as softer equities burnished the metal's safe-haven appeal. Gold is up about 0.6 percent so far this week.
SINGAPORE, Jan 24- Gold was trading close its highest in seven weeks on Friday and poised to record its fifth straight weekly gain as softer equities burnished the metal's safe-haven appeal.
Jan 23- Barrick Gold Corp will use a lower-than-expected gold price to estimate its bullion reserves, its chief executive said on Thursday, making some of its in-the-ground gold uneconomical to mine and may result in asset writedowns.
SINGAPORE, Jan 23- Gold fell to its lowest level in nearly two weeks on Thursday as investors awaited U.S. data to gauge the strength of the economy, while platinum eased from a 2-1/ 2 month high ahead of planned strikes at South African mines.