Gold rejected a 3-1/2 week high on Friday, but was set for its biggest weekly gain in seven as President Barack Obama authorized air strikes in Iraq.» Read More
NEW YORK— Shares of some top gold companies are mixed at 10 a.m.:. Barrick Gold Corp. fell$. 10 or. 5 percent, to $18.73. Newmont Mining Corp. fell$. 12 or. 4 percent, to $26.71.
Hedge fund Paulson & Co maintained its stake in the world's biggest gold-backed exchange-traded fund, SPDR Gold Trust, in the second quarter.
*Gold shares up 22%, heavily outperform basic gold price. LONDON, Aug 8- Gold mining shares are bouncing back from a disastrous 2013 and are expected to far outperform the price of the metal in coming months as company efficiency measures lure investors back to the sector.
SINGAPORE, Aug 8- Gold dipped on Friday after two days of gains, but remained on track to snap a three-week losing streak as geopolitical tensions over Ukraine lift the metal's safe-haven appeal. *Gold has been boosted by risk-aversion sentiment in the market, after U.S. and European equities slumped fearing a worsening of tensions between Russia and the West.
*Newmont prefers to resolve Indonesia dispute through talks. MELBOURNE, Aug 7- Newmont Mining Corp said on Thursday it is applying for an injunction to get workers back to its Batu Hijau mine as it fights a controversial tax on copper exports that led the company to halt shipments from Indonesia this year.
TORONTO, July 21- Worried they may be given the cold shoulder by an imperious leadership, shareholders of Barrick Gold Corp, the world's biggest gold miner, are taking a "show me" approach to the company's latest management shakeup.
TORONTO, July 21- Worried they are being given the cold shoulder by an imperious leadership, shareholders of Barrick Gold Corp, the world's biggest gold miner, are taking a "show me" approach to the company's latest management shakeup.
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.
*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.
SYDNEY, July 11- After 25 years working around the world as a highly paid geologist earning a six-digit salary, Phil Scheimer is back in Australia weighing up his future prospects: day laborer or pizza delivery man.
Some of Thursday's midday movers:
Gold eased on Friday on profit taking after posting its biggest one-day rise in nine months.
SINGAPORE, June 20- Gold eased on Friday after posting its biggest one-day rise in nine months but the safe-haven metal was still trading near April highs and was on track to post its best week in two months, boosted by technical buying and geopolitical tensions.
Some of Thursday's midday movers:
Stocks finished broadly higher Tuesday, with the S&P 500 setting a new record, as investors cheered a batch of better-than-expected economic reports and merger activity.
*To pay 0.525 in stock, equals C $1.12 per share. May 21- Canada's Rio Alto Mining Ltd said on Wednesday it would buy Sulliden Gold Corp Ltd for about C $300 million in an all-stock deal to create a Peru- focused gold miner.
May 21- Rio Alto Mining Ltd said it would buy Sulliden Gold Corp Ltd in a deal valued at about C $300 million, creating a gold miner focused on Peru, the fifth biggest gold producer in the world. The offer values Sulliden at C $1.12 per share, representing a 43 percent premium to the stock's Tuesday close on the Toronto Stock Exchange.
Gold settled modestly higher as the dollar rose and an industry report showed gold demand in major consumers China and India fell.
SINGAPORE, May 20- Platinum extended gains to a second session on Tuesday as labour strikes at top producer South Africa continued into a 17th week, disrupting supply of about 40 percent of global output.
NEW YORK, May 15 (Reuters)- Hedge fund Paulson& Co in Q1 maintained its stake in SPDR Gold Trust, the world's biggest gold-backed exchange-traded fund as bullion prices rebounded from their biggest annual loss in 32 years in 2013, while PIMCO dissolved its gold ETF investment.