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Metals and Mining Precious Metals and Mining

  • BUENOS AIRES/ TORONTO, April 7- Argentina mining officials told Barrick Gold it must overhaul environmental and operating processes at its Veladero mine, following last week's cyanide solution spill, while the country's environment ministry asked for a total suspension of operations, according to statements on Friday. The meeting, including Barrick...

  • BUENOS AIRES, April 7- Argentina's environmental ministry asked a federal court to totally suspend operations at Barrick Gold Corp's Veladero mine in San Juan province, according to a statement issued by the ministry on Friday, following the rupture of a pipe carrying cyanide solution last week. After the incident, the third in 18 months involving...

  • TORONTO, April 7- Canada's main stock index fell on Friday as the financials group lost ground, while gold mining shares climbed after escalating geopolitical tensions boosted gold prices. Financial shares fell 0.5 percent as Canada's 10- year yield hit a four-month low at 1.505 percent. Bank of Montreal, Canada's fourth-biggest lender, said its Chief...

  • TORONTO, April 7- Canada's main stock index seesawed on Friday as the financials group lost ground, while gold mining shares climbed after escalating geopolitical tensions boosted gold prices. The Toronto Stock Exchange's S&P/TSX composite index was up 5.05 points, or 0.03 percent, at 15,702.23, shortly after the open. Six of the index's 10 main groups were...

  • LONDON, April 7- Gold hit a five-month high on Friday as investors looking for safety piled into the precious metal after the United States fired cruise missiles at a Syrian airbase, escalating tensions with Russia and Iran. Russia, a staunch ally of Syria, said relations between Washington and Moscow had been seriously damaged by the strike which was in...

  • LONDON, April 7- Gold hit a five-month high on Friday as investors looking for safety piled into the precious metal after the United States fired dozens of cruise missiles at a Syrian airbase, escalating tensions with Russia and Iran. Russia, a staunch ally of Syria, said the strike had seriously damaged relations between Washington and Moscow after the U.S....

  • SYDNEY, April 7- London copper prices firmed on Friday as the U.S. dollar fell after the United States launched cruise missiles against an air base in Syria. Geopolitical concerns related to Syria will dominate markets over the next few days, with gold likely to climb and base metals easing if tension escalates, said analyst Daniel Morgan of UBS in Sydney.

  • Gold hit a near five-month peak on Friday, rising over one percent on safe-haven buying after the U.S. military launched cruise missile strikes against a Syrian air base controlled by President Bashar al-Assad's forces.

  • TORONTO, April 6- Canada's main stock index climbed modestly on Thursday, helped by energy and financial stocks, but the market was mostly subdued ahead of a big meeting between the United States and China, and employment data due on Friday. The Toronto Stock Exchange's S&P/TSX composite index rose 54.19 points, or 0.35 percent, to close at 15,697.18.

  • Commodities tomorrow:

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

  • TORONTO, April 6- Barrick Gold Corp's near billion-dollar deal with Shandong Gold Mining Co Ltd represents a rich premium for the Canadian miner, while making good on a long-promised plan to forge deep, long-lasting partnerships with China. The price tag, about 15 percent to 30 percent above some analysts' net asset valuations, is a feather in Chairman John...

  • TORONTO, April 6- Canada's main stock index rose on Thursday, bolstered by a rise in energy and financial stocks, but a dip in resource shares offset some of the gains. The most influential movers on the index included Canada's largest bank, Royal Bank of Canada, which rose 0.6 percent to C $97.62, and Bank of Nova Scotia, which advanced 0.8 percent to C $78.74.

  • MOSCOW, April 6- Russia's Federal Security Service is investigating the Moscow office of Alrosa, the world's biggest diamond miner, in relation to non-core asset sales between 2011 and 2013, a source familiar with the matter told Reuters. Its shares touched 90.5 roubles earlier on Thursday when Interfax news agency cited a source as saying law enforcement...

  • TORONTO/ OTTAWA, April 5- Canada's main stock index edged lower on Wednesday, retreating from a nearly six-week high as financial shares declined and the energy sector gave up an earlier advance, although overall losses were tempered by gains in consumer-related stocks. Although U.S. crude oil futures settled up 12 cents at $51.15 a barrel, the commodity was down...

  • Commodities tomorrow:

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

  • TORONTO/ VANCOUVER, April 5- China's Shandong Gold Mining Co Ltd is in advanced talks to buy a 50 percent stake in Barrick Gold Corp's Veladero gold mine in Argentina, people familiar with the process told Reuters even as the Canadian miner grappled with a pipe rupture at the site. Barrick is no longer in discussions with China's Zijin Mining Group Co Ltd about the...

  • TORONTO, April 5- Canada's main stock index rose on Wednesday to a nearly six-week high, although some gains were pared as oil prices fluctuated after the release of U.S. inventory data, while lower gold prices weighed on some mining shares. At 11:22 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index rose 14.24 points, or 0.09 percent, to 15,683.31.

  • TORONTO, April 5- Canada's main stock index rose on Wednesday to a fresh nearly six-week high led by the heavyweight financial and energy groups as oil prices rose, while lower gold prices weighed on mining shares. The Toronto Stock Exchange's S&P/TSX composite index was up 74.73 points, or 0.48 percent, at 15,743.80, shortly after the open. Eight of the index's 10...

  • *Spot gold may test resistance at $1,261.03- technicals. April 5- Gold prices held steady on Wednesday near one-month highs hit the session before, with appetite for riskier assets easing ahead of a meeting between leaders of the United States and China. Spot gold had edged up 0.1 percent to $1,256.38 per ounce by 0744 GMT.

  • *Spot gold may test resistance at $1,261.03- technicals. April 5- Gold prices held firm on Wednesday near a one-month high hit in the prior session, as appetite for riskier assets eased ahead of a meeting between leaders of the United States and China. "This reflects the market's uncertainty about the trend of the gold price in the near term," said Jiang Shu, chief...