Professional and retail traders are aligned on where they think the yellow precious metal is going next.» Read More
OTTAWA, Feb 2- The premier of Canada's vast mineral-rich Arctic territory of Nunavut on Monday played down the idea of tax breaks to combat a slide in commodity prices, saying investors instead wanted more infrastructure. Peter Taptuna said in an interview that the slump had hurt the economy and that he was keeping an eye on the handful of major companies that are...
TORONTO, Nov 10- Global mining companies stung by slumping commodity prices are looking forward to a modest consolation prize- weaker local currencies and falling oil prices that will help trim their costs. "It's definitely a silver lining," said Chris Mancini, analyst at Gabelli Gold Fund. Agnico Eagle Mines Ltd, which produces two-thirds of its gold in Canada,...
OTTAWA, Oct 8- Canada's Arctic territory of Nunavut has opened long-awaited talks with the federal government on gaining control of the region's vast natural resources, a move that could boost exploration and development. Nunavut, nearly four times as big as France, covers 810,000 square miles of rock, ice and water. Companies active in Nunavut include...
TORONTO, Sept 5- On one side, the founder of top miner Goldcorp Inc, his young apprentice, an aggressive securities lawyer, and a tiny company based in a Quebec mining town. Some of Canada's best-known mining executives are sparring over the early-stage but promising Odyssey gold discovery in Quebec, near Canadian Malartic, the country's biggest gold mine.
The all-in cost of producing an ounce of gold dropped by 23 percent to $1,331 an ounce in the year to end-March, according to data from Citigroup.
A crush of big cap earnings and arguably the most important economic reports until September make next week the busiest of the summer for markets.
Gold extended losses for a fourth straight day as outflows from physical gold funds pointed to weak investment appetite.
Gold ended lower as the dollar gained and accommodative Fed policy counterbalanced worries over the strength of Chinese demand.
Some of Wednesday's midday movers:
Gold settled lower as investors started to factor in expectations the Fed will maintain monetary stimulus.
Take a look at some of Thursday midday movers:
Gold settled nearly 1 percent higher at $1,328 on Thursday, after briefly extending the previous day's 2 percent sell-off.
Gold mining stocks have lost their luster as commodity prices fall. But investors may be missing improving fundamentals, say fund managers.
More Americans are wealthier, whether from a successful IPO or a 401(k). And CNBC's Jim Cramer said that it makes sense to invest those gains in stocks.
Check out which companies are making headlines after the bell Thursday:
The crash in gold prices has frozen the market for the commodity and several companies will be victims, Jim Cramer says.
Check out which companies are making headlines after the bell Wednesday.
TORONTO, Oct 25- Goldcorp Inc, the No. 2 Canadian gold miner, reported better-than-expected quarterly results on Thursday, as improved performance at its Red Lake and Penasquito mines led to strong gold and silver sales.
TORONTO, Oct 25- Goldcorp Inc, the No. 2 Canadian gold miner, reported a 48 percent increase in quarterly profit on Thursday, as improved performance at its Red Lake and Penasquito mines led to strong gold and silver sales.
*Sees strong performance at Meadowbank mine in Canada. Oct 24- Canada's Agnico-Eagle Mines Ltd reported a quarterly profit on record gold production on Wednesday and boosted its output forecast for the year by 5 percent.