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Metals and Mining Precious Metals and Mining

  • LONDON, March 1- Gold fell on Wednesday as the dollar gained after comments from U.S. Federal Reserve officials raised expectations of an interest rate hike in March and overshadowed President Donald Trump's first major policy speech to Congress. New York Fed President William Dudley-- one of the most influential U.S. central bankers-- said the case for...

  • TORONTO, Feb 28- Canada's benchmark stock index rose in morning trade on Tuesday, boosted by a jump in shares of a major bank and strong gains for gold miners as the precious metal held near a 3-1/ 2- month high. At 10:15 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index was up 53.09 points, or 0.34 percent, at 15,516.60. Barrick Gold Corp rose 3.1 percent to C...

  • *Spot gold was little changed at $1,252.15 per ounce at 0044 GMT. The metal hit its highest since Nov. 11 at $1,263.80 in the previous session. President Donald Trump's policy speech to a joint session of Congress on Tuesday night where he is expected to provide clues on his plans to cut taxes.

  • VANCOUVER, British Columbia _ Great Panther Silver Ltd. on Monday reported a loss of $1.5 million in its fourth quarter. The Vancouver, British Columbia- based company said it had a loss of 1 cent per share. Keywords: Great Panther Silver, Earnings Report.

  • HOLLYWOOD, Fla., Feb 27- Shareholders are pressuring miner Freeport-McMoRan Inc to stand up to the Indonesian government over changes the Southeast Asian country wants to make in the U.S. miner's contract, Freeport's chief executive officer said on Monday. Rio Tinto Plc, which is a partner in Freeport's massive Grasberg copper and gold mine in Indonesia, is also...

  • Freeport's Grasberg mine holds more gold and copper reserves than any other in the world, but has frequently been a source of controversy over the revenue share Indonesia and Papua get from the mine and the impact of its tailings on local water systems. Here are some facts on the Grasberg mine in Papua:. Freeport-McMoRan began mining in Papua in 1967, the first...

  • Feb 27- Gold prices held firm on Monday near 3-1/ 2- month highs hit in the previous session as investors await more clarity on President Donald Trump's economic policy. *Spot gold was little changed at $1,256.61 per ounce at 0034 GMT. The metal hit its highest since Nov. 11 at $1,260.10 in the previous session.

  • Freeport's Grasberg mine holds more gold and copper reserves than any other in the world, but has frequently been a source of controversy over the revenue share Indonesia and Papua get from the mine and the impact of its tailings on local water systems. Here are some facts on the Grasberg mine in Papua:. GRASBERG MINE Freeport-McMoRan began mining in Papua in...

  • VANCOUVER, British Columbia _ Silver Standard Resources Inc. on Thursday reported fourth-quarter net income of $12.1 million, after reporting a loss in the same period a year earlier. On a per-share basis, the Vancouver, British Columbia- based company said it had net income of 10 cents. Silver Standard Resources shares have climbed 22 percent since the...

  • VANCOUVER, British Columbia _ Eldorado Gold Corp. on Thursday reported a loss of $32.5 million in its fourth quarter. The average estimate of three analysts surveyed by Zacks Investment Research was also breakeven on a per-share basis. This story was generated by Automated Insights using data from Zacks Investment Research.

  • TORONTO, Feb 23- Canada's main stock index rose on Thursday as energy company stocks were boosted by gains in oil prices, while higher prices for bullion lifted shares of gold miners. The energy group climbed 1.3 percent, as oil prices rose more than $1 a barrel after U.S. data showed a surprise decline in inventories, suggesting a global glut may be ending after...

  • LONDON, Feb 23- Three of the world's biggest exchanges are launching precious metals contracts in London this year, each aiming for a chunk of the city's $5- trillion- a-year gold business. The London Metal Exchange, CME and ICE see an opportunity as increasing regulatory scrutiny is raising costs for banks trading gold over the counter in bilateral deals.

  • TORONTO _ Alamos Gold Inc. on Thursday reported a loss of $20.6 million in its fourth quarter. The Toronto- based company said it had a loss of 8 cents per share. Alamos Gold shares have climbed 17 percent since the beginning of the year.

  • TORONTO _ North American Palladium Ltd. on Wednesday reported a loss of $9.7 million in its fourth quarter. The Toronto- based company said it had a loss of 17 cents per share. Keywords: North American Palladium, Earnings Report.

  • Miner-trader Glencore reported an 18 percent increase in 2016 profits buoyed by a rebound in commodities.

  • Newmont's all-in sustaining costs, the gold industry cost benchmark, fell to $918 an ounce in the three months ended Dec. 31, from $1,036 an ounce a year earlier. Net loss attributable to stockholders from continuing operations widened to $391 million, or 73 cents per share, from $276 million, or 54 cents per share, a year earlier. The company recorded a $970 million...

  • Feb 21- Gold and copper miner Newmont Mining Corp reported a bigger quarterly loss on Tuesday as the company took an impairment charge of $974 million. The company's net loss attributable to stockholders from continuing operations widened to $391 million, or 73 cents per share, in the fourth quarter ended Dec. 31, from $254 million, or 54 cents per share, a year...

  • Commodities tomorrow:

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.

  • JOHANNESBURG, Feb 21- AngloGold Ashanti lifted force majeure on its Ghanaian Obuasi mine on Tuesday after the removal of thousands of illegal miners but said it was too early to determine the extent of damage to the loss-making, mothballed operation. AngloGold's shares were 2 percent higher after it posted 2016 headline earnings of $111 million, from a $73...

  • *2016 EBITDA $6.1 bln, just ahead of consensus. *Net debt drops to $8.5 bln; eyes $7 bln this year. LONDON, Feb 21- Miner Anglo American aims to reinstate dividends at the end of this year after cutting net debt and improving earnings, it said on Tuesday, adding it would only sell more assets to sharpen its focus and not because it needed the money.