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  • Fed drives gold higher, but will it last?

    Can gold keep its luster? CNBC's Jackie DeAngelis and the Futures Now Traders pull a page from their metals playbook to reveal a golden trade that targets the precious metal at $1,379.

  • LONDON/ BENGALURU, July 28- Anglo American said on Thursday net debt had fallen and that an aggressive cost-cutting and asset sale strategy was on track, although volatile commodity markets could make the second half of the year challenging. Of the big miners, Anglo American was one of the hardest hit by a plunge in commodity markets following weaker than...

  • *Spot gold was little changed at $1,338.87 an ounce at 0112 GMT. Bullion on Wednesday touched a high of $1,342.18, its best since July 14. *Japan's prime minister unveiled a surprisingly large $265 billion stimulus package on Wednesday to reflate the world's third-largest economy, adding pressure on the central bank to match the measures with monetary stimulus...

  • VANCOUVER, British Columbia _ New Gold Inc. on Wednesday reported a second-quarter loss of $8.8 million, after reporting a profit in the same period a year earlier. The average estimate of five analysts surveyed by Zacks Investment Research was breakeven on a per-share basis. This story was generated by Automated Insights using data from Zacks Investment...

  • Goldcorp, the world's third-biggest gold producer by market value, also said it would go ahead with plans to expand its Penasquito mine in Mexico and Musselwhite mine in Canada. Production at Vancouver- based Goldcorp, which operates only in the Americas, plunged to 613,400 ounces in the quarter from 908,000 ounces in the year-ago period. The exhaustion of...

  • TORONTO _ Barrick Gold Corp. on Wednesday reported second-quarter net income of $138 million, after reporting a loss in the same period a year earlier. The average estimate of seven analysts surveyed by Zacks Investment Research was also for earnings of 14 cents per share. Barrick Gold shares have nearly tripled since the beginning of the year.

  • The decision followed an assessment of the mine's plan in the context of the Toronto- based company's global capital priorities, it said. Chile's environmental regulator shut down the water system attached to the Maricunga mine in March, citing environmental damage which Kinross disputes. Kinross reported an adjusted net loss of $9.8 million, or 1 cent per...

  • TORONTO _ Kinross Gold Corp. on Wednesday reported a loss of $25 million in its second quarter. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share. Kinross Gold shares have more than doubled since the beginning of the year.

  • The Canadian miner also said it would go ahead with expansions at its Penasquito mine in Mexico and its Musselwhite mine in Canada. Goldcorp, the world's third-biggest gold producer by market value, reported a net loss of $78 million, or 9 cents a share, in the three months to end-June. That compared with net earnings of $392 million, or 47 cents per share, a year...

  • CHICAGO _ Coeur Mining Inc. on Wednesday reported second-quarter net income of $14.5 million, after reporting a loss in the same period a year earlier. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share. Coeur Mining shares have risen fivefold since the beginning of the year.

  • TORONTO, July 27- Barrick Gold Corp, the world's largest gold producer, reported a rise in second-quarter profit on Wednesday and said it plans to sell its 50 percent stake in a western Australia mine to carve more from its debt. Toronto- based Barrick, which has been selling off non-core mining assets and using cash flow to pay down debt, said it will explore selling...

  • TORONTO, July 27- Barrick Gold Corp, the world's largest gold producer, reported a rise in second-quarter profit on Wednesday and said it plans to sell its 50 percent stake in a western Australia mine to help continue to carve away at debt. The company, which has mines in the Americas, Australia and Africa, said gold production fell 7.5 percent to 1.34 million ounces...

  • LIMA, July 27- A fiery anti-mining activist and former governor of a gold-rich region in Peru who was freed from jail on Wednesday accused the government of locking him up for two years in order to keep him from power. Gregorio Santos welcomed the Supreme Court's decision to annul an extension of his stay in' preventive' prison, which prosecutors probing him for...

  • The Toronto- based miner said it recorded an adjusted net loss of $9.8 million, or 1 cent per share, in the quarter ended June 30, from a loss of $13.6 million, or 1 cent per share, in the year-prior period. Kinross, which has 10 mines in North and South America, Africa and Russia, produced 671,267 equivalent ounces of gold during the quarter, up from 660,898 ounces in the...

  • The Toronto- based miner said it recorded an adjusted net loss of $9.8 million, or 1 cent per share, in the quarter ended June 30, from a loss of $13.6 million, or 1 cent per share, in the year-prior period.

  • July 26- Freeport-McMoRan Inc, the world's biggest publicly listed copper miner, put its high-profile asset sales plan on the rear burner on Tuesday, and instead unveiled a $1.5 billion share issue to help it cut debt. Freeport's chief executive said he was confident the company could reduce its $18.8 billion of net debt to between $13.2 billion and $10.5...

  • Commodities tomorrow:

    CNBC's Courtney Reagan discusses the day's activity in the commodities markets.

  • July 26- Freeport-McMoRan Inc, the world's biggest publicly listed copper miner, put its high-profile asset sales plan on the rear burner on Tuesday, and instead unveiled a $1.5 billion share issue to help it cut debt. Freeport's chief executive said he was confident the company could reduce its $18.8 billion of net debt to between $13.2 billion and $10.5...

  • TORONTO/ VANCOUVER, July 26- Barrick Gold Corp, the world's largest gold producer, is weighing a sale of its majority stake in African unit Acacia Mining Plc and has approached several South African miners, according to sources familiar with the situation. Barrick owns 64 percent of Acacia, a London- listed miner with three producing gold mines in Tanzania:...

  • PHOENIX— Freeport-McMoRan stock slumped Tuesday after the mining company reported weaker-than-expected revenue for the second quarter as the price of copper and oil plunged and gold sales tumbled. Freeport-McMoRan sold 156,000 ounces of gold, less than half as much as it sold a year ago. Excluding one-time items, Freeport-McMoRan said it lost 2 cents per...