Take a look at some of Wednesday's midday movers:» Read More
VANCOUVER, Sept 25- The price of gold, down more than a third in three years, is approaching the tipping point where the mining industry would see a spike in the number of producers reducing output or even shutting down operations. The industry has geared itself around $1,200, "said Joseph Foster, portfolio manager at institutional investor Van Eck Global.
SINGAPORE, Sept 16- Gold clung to small overnight gains on Tuesday but investors refrained from taking big positions in the metal as they waited for the start of a Federal Reserve policy meeting for clues on when the U.S. central bank could raise interest rates. *Spot gold was little changed at $1,233.20 an ounce by 0025 GMT.
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.
*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.
OTTAWA, July 11- The Supreme Court of Canada backed the right of the province of Ontario to grant forestry licenses on a tract of traditional native land on Friday after an aboriginal challenge of licenses that had been granted to a lumber company.
OTTAWA, July 11- The Supreme Court of Canada on Friday backed the right of the province of Ontario to grant forestry licenses, after an aboriginal challenge to licenses it had granted to a predecessor of Resolute Forest Products Inc.
Some of Thursday's midday movers:
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.
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 lower, but flaring tensions between government forces and pro-Russian separatists in Ukraine helped to minimized the metal's losses.
SINGAPORE, May 6- Gold was trading near its highest in three weeks on Tuesday, holding gains from the last two sessions as more intense fighting in Ukraine lifted the metal's safe-haven appeal. *Goldcorp Inc has resumed operations at its Los Filos mine in Mexico after reaching a new five-year occupancy agreement with local landowners.
Gold gained as rising geopolitical tensions and heavy short-covering helped it reverse a sharp sell-off after encouraging US nonfarm payrolls data.
SINGAPORE, May 2- Gold was steady on Friday after two consecutive sessions of losses, but the metal was headed for its second weekly drop in three on growing optimism about the U.S. economy and selling in the top bullion-backed exchange-traded fund. *Gold is down 1.6 percent for the week.
VANCOUVER, May 1- Goldcorp Inc Chief Executive Chuck Jeannes said on Thursday he was disappointed the company failed in its takeover bid for Osisko Mining Corp but not overpaying for the smaller Canadian miner was the right thing to do.
Gold dropped as investors nervously awaited the Fed's policy statement, with political tensions in Ukraine failing to prompt heavy safe-haven bids.
Some of Wednesday's midday movers:
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.