Gold erased this year's gains, dragging gold mining stocks as much as 6 percent lower, as the dollar soared on a gangbusters labor report.» Read More
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.
VANCOUVER, June 6- A funding technique mostly used to help companies build new mines is moving into the mainstream as a way to pay for acquisitions and could help boost industry deal volumes that have fallen for the past three years.
*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 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 logged a weekly gain on sagging risk appetite and increasing hopes the Fed will hold off on raising interest rates as soon as early next year.
Gold ended lower as the dollar firmed after the ECB kept rates on hold and pledged to use unconventional measures to combat low inflation.
Companies making headlines after the bell Tuesday.
Some of Tuesday's midday movers:
Some of Thursday's midday movers:
Some of Monday's midday movers:
Thursday's midday movers
Take a look at some of Thursday's midday movers:
Paulson & Co more than halved its stake in SPDR Gold Trust in the second quarter, when the bullion price lost nearly a quarter of its value.
Stocks closed near session lows Tuesday, with major averages logging their biggest declines since June, after two Federal Reserve Presidents said the central bank could begin tapering its easy-money program as early as September.
Stocks squeezed out small gains in lackluster trading Monday, with the S&P 500 closing at a new high, but a batch of mixed earnings reports and weaker-than-expected existing home sales kept a damper on gains.
Gold mining stocks have lost their luster as commodity prices fall. But investors may be missing improving fundamentals, say fund managers.
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