April 30- Barrick Gold Corp reported a dramatic drop in first-quarter earnings on Wednesday and cut its forecast for 2014 copper production due to damage to the main conveyor at its Lumwana mine in Zambia that had halted ore processing there.
April 30- Barrick Gold Corp reported a sharp drop in first quarter earnings on Wednesday and cut its forecast for 2014 copper production after damage to the main conveyor at its Lumwana mine in Zambia halted processing there.
April 30- Barrick Gold Corp, the world's largest gold miner, reported a 90 percent fall in quarterly earnings, hurt by lower gold prices and production. Net earnings attributable to shareholders fell to $88 million, or 8 cents per share, in the first quarter ended March 31, from $847 million, or 85 cents per share, a year earlier.
Gold settled under $1,300 an ounce on Tuesday as strong U.S. data offset safe-haven bids from escalating tensions between Russia and the West.
SINGAPORE, April 29- Gold traded below $1,300 an ounce on Tuesday, holding on to most of its losses from the previous session as strong U.S. data offset safe-haven bids from escalating tensions between Russia and the West.
*Newmont and Barrick shares slide on the NYSE. By Euan Rocha, Allison Martell and Soyoung Kim. TORONTO/ NEW YORK, April 28- Failed merger talks between Barrick Gold Corp and Newmont Mining Corp descended into acrimony on Monday, with the two large gold miners publicly accusing each other of scuppering a deal favored by many investors.
TORONTO/ NEW YORK, April 28- Newmont Mining Corp said on Monday it had ended merger talks with Barrick Gold Corp, slamming its suitor and stating bluntly that negotiations failed due to the lack of a constructive, mutually respectful dialogue.
Some of Monday's midday movers:
TORONTO, April 28- Newmont Mining Corp said on Monday it has terminated merger talks with Barrick Gold Corp, slamming its suitor and stating bluntly that talks failed due to the lack of a constructive, mutually respectful dialogue.
TORONTO, April 28- Newmont Mining Corp has terminated merger talks with Barrick Gold Corp. The news sent shares of Newmont sliding 5.5 percent to $25 in New York trading before the market opened, while Barrick was slightly higher. Toronto- based Barrick and smaller rival Newmont have considered merging on numerous occasions in the past two decades.
Gold ended above $1,300, after hitting its weakest level in 2-1/2 months, as violence in Ukraine weighed on equity markets and the dollar.
April 23- The disagreements around the spin-out of certain assets that had snagged merger talks between Barrick Gold Corp and its rival, Newmont Mining Corp, have been resolved but talks are at a standstill for now, said three sources familiar with the matter on Wednesday.
Some of Wednesday's midday movers:
SYDNEY, April 23- Australia could spawn a new mega gold producer if Barrick Gold Corp and Newmont Mining Corp spin off their Asia-Pacific assets, heating up competition with the country's underperforming market leader Newcrest Mining Ltd..
If Barrick and Newmont join forces, will that help gold prices in the long run?
Gold extended losses for a fourth straight day as outflows from physical gold funds pointed to weak investment appetite.
SINGAPORE, April 22- Gold extended losses into a fourth session on Tuesday, hovering near its lowest in 2-1/ 2 weeks as equities climbed and on outflows from bullion-backed funds.
*Netflix climbs in extended-hours trading after results. NEW YORK, April 21- U.S. stocks advanced modestly on Monday in subdued trading as investors showed hesitation in the wake of a strong rally last week and before a slew of key earnings releases this week.
Stocks rose on Monday after the S&P 500's largest weekly advance since July.
Gold fell to a two-and-a-half-week low on Monday, hurt by sharp ETF outflows and a stronger dollar.