Metals Gold Mining

  • BAMAKO, Dec 12- Production at Randgold's Loulo gold mine in Mali resumed on Wednesday after a week-long outage over a pay dispute, the head of the union said, warning of possible further industrial action. The head of the industry and mines union SECNAMI, Bani Sacko, told Reuters workers had returned to work after mediation talks on Tuesday night.

  • Dec 10- Gold edged lower on Monday as the dollar firmed against the pound on doubts about Britain's departure from the European Union, but falling equities and prospects of a slower pace of U.S. interest rate hikes in 2019 kept bullion near a five-month peak. Spot gold was down 0.4 percent at $1,242.89 per ounce at 1:47 p.m. EST, having touched $1,250.55, its...

  • KINSHASA, Dec 10- Democratic Republic of Congo's state mining company Gecamines said on Monday it would increase its stake in its Boss Mining joint venture with ENRC Africa Holdings to 49 percent after the two companies renegotiated terms. Congo is Africa's biggest copper and cobalt producer and also mines gold and diamonds, but it is one of the world's least...

  • CARACAS, Dec 3- Venezuelan President Nicolas Maduro said on Monday his country has the right to export gold and sanctions interfering with that are wrong, a month after U.S. Trump's order banned anyone in the United States from dealing with entities and people involved in "corrupt or deceptive" gold sales from the South American country. Maduro's statement came...

  • Dec 3- Institutional Shareholder Services Inc has recommended shareholders to vote in favor of Detour Gold Corp's plans at the upcoming special shareholders meeting, giving the gold miner a boost in its proxy fight with activist investor Paulson& Co.. "Dissident has failed to make a compelling case for board control and has failed to articulate a detailed...

  • Dec 3- Sales of gold products by Australia's Perth Mint surged nearly 75 percent in November from a month earlier to the highest in almost two years on additional demand from Europe, the mint said on Monday. "We saw a spike in demand for Perth Mint gold minted products from Europe during the month of November," a spokesman for Perth Mint said. The Perth Mint refines more...

  • JOHANNESBURG, Nov 28- Gold Fields said on Wednesday it had offered union members striking at its South Deep mine in South Africa an increased severance package to try to resolve the dispute which has halted production. Gold Fields, which employs about 3,600 people in South Africa, said in August it would restructure its South Deep operations and would cut about...

  • LONDON, Nov 22- SolGold's coveted Ecuadorian copper-gold prospect may be 20 percent bigger than the mining group said earlier this week, its chief executive Nick Mather said on Thursday. SolGold, in which Mather has a near 5 percent stake, said on Tuesday that its Alpala project in Ecuador's Cascabel region was around double the size and grade quality it was known...

  • Gold bars at the Austrian Gold and Silver Separating Plant in Vienna, Austria.

    Signs are pointing to a possible resurgence for gold as investors think the end of the bull market is coming and all the major stock indexes enter corrections. Rattled by market volatility, investors may return to the classic bear-market investment. 

  • HARARE, Nov 19- Zimbabwe will allow gold and platinum mining companies to retain up to 55 percent of their earnings in dollars, government and central bank officials said on Monday, as authorities in the southern African nation move to ensure operators remain viable. Mining accounts for more than two-thirds of Zimbabwe's export earnings but the sector has seen...

  • Nov 14- Gold held steady on Wednesday, moving in a tight range around the $1,200- per-ounce level as prospects of rising U.S. interest rates kept the dollar near 16- month peak, making bullion more expensive for holders of other currencies. Prices had slipped to their lowest since Oct. 11 at $1,195.90 in the previous session. "The key driver in the near term continues...

  • ZURICH, Nov 14- Switzerland stopped short of new laws to ensure that gold it imports for refining has not been produced in violation of human rights, proposing greater industry transparency instead. "Traceable sourcing of the precious metal is essential because it is the only way to prevent gold mined in breach of human rights from being imported into...

  • An employee arranges gold bars for a photograph at the YLG Bullion International headquarters in Bangkok, Thailand.

    Wells Fargo's John LaForge sees gold rallying 8 percent in the coming months.

  • Gold investors are 'really on a back foot': Evolution Mining

    Jake Klein of Evolution Mining says North American gold producers have struggled in the current price environment and failed to deliver into their "optimistic numbers."

  • HARARE, Nov 5- Zimbabwe will announce in two weeks the successful bidders for assets owned by state-owned mining company ZMDC, including gold mines, the mines minister said on Monday, adding more companies would be put on sale at the end of November. Mines Minister Winston Chitando told a parliamentary committee that after announcing winning bidders for its six...

  • *AngloGold and partner look at selling Sadiola mine in Mali. JOHANNESBURG, Nov 5- AngloGold Ashanti Ltd and its joint venture partner are looking at selling a mine in Mali after failing to reach an agreement with the west African country about an investment project, the company said on Monday. Mali, Africa's third biggest producer of gold after South Africa and...

  • Nicholas Ferres of Vantage Point Asset Management says consumer discretionary stocks Down Under are "quite pricey" at the moment, trading at "over three times" their book value.

  • Trump signed an executive order to ban anyone in the United States from dealing with entities and people involved with "corrupt or deceptive" gold sales from Venezuela, Trump's national security adviser John Bolton said in a speech in Miami. Bolton made the announcement as part of a pledge to crack down on what he called "the troika of tyranny" in the western...

  • Bolton promised a tough stance by the Trump administration toward "dictators and despots near our shores" and singled out Venezuela, Cuba and Nicaragua in a speech in Miami, which is home to large numbers of migrants from Cuba and Venezuela. "Many of you in the audience today have personally suffered unspeakable horrors at the hands of the regimes in Cuba,...

  • JOHANNESBURG, Nov 1- Sibanye-Stillwater's third-quarter core profit fell 40 percent after a wave of fatal accidents hit its domestic gold mining operations this year, the South African miner said on Thursday, sending shares tumbling. South Africa has the world's deepest gold mines and an earth tremor at one of Sibanye-Stillwater's mines killed seven miners...