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Metals and Mining Gold Mining

  • *Peter Hambro stepping down as chairman, staying on the board. LONDON, June 12- Investors in London- listed gold miner Petropavlovsk should reject a plan to overhaul the board at the company's annual general meeting next week, leading shareholder voting advisor ISS said. Three top shareholders, who together hold more than 30 percent of the company, have put forward...

  • JOHANNESBURG, June 9- Miners have downed tools and 16 workers have been physically assaulted in a wildcat strike at Sibanye Gold's Cooke operation west of Johannesburg, the company said on Friday. Illegal gold mining has plagued South Africa for decades, with bullion pilfered from both disused and operating mines, and Sibanye has vowed it will clear all illegal...

  • TORONTO, June 8- Canada's main stock index was slightly higher in early trade on Thursday, weighed down by falling gold mining stocks while energy and banking shares gained and Valeant jumped on news of an asset sale.

  • ULAANBAATAR, June 8- A leading candidate for Mongolia's presidency has called for greater state control of projects like the giant Oyu Tolgoi copper-gold mine run by Rio Tinto, making mining and foreign investment central issues in the election campaign. The landlocked North Asian country of three million people goes to the polls on June 26, just a month after...

  • ULAANBAATAR, June 8- A leading candidate for Mongolia's presidency has called for greater state control of projects like the giant Oyu Tolgoi copper-gold mine run by Rio Tinto, making mining and foreign investment central issues in the election campaign. The landlocked North Asian country of three million people goes to the polls on June 26, just a month after...

  • TORONTO, June 6- Canada's benchmark stock index rose on Tuesday as a surge in oil and gold prices sent energy and mining companies rallying. The Toronto Stock Exchange's S&P/TSX composite index rose 54.78 points, or 0.36 percent, to finish at 15,464.56. Gold firms dominated the index on the positive side, with Barrick Gold climbing 4.9 percent to C $22.86, and...

  • TORONTO, June 6- Canada's main stock index held steady on Tuesday as investors, wary over political uncertainties from the United States to the Middle East, shied way from riskier assets, and gold mining companies, bolstered by a surge in bullion prices, offset declines. At 10:34 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index was up 1.97 points, or...

  • *Cote Gold Project expected to start output in 2021. TOKYO, June 6- Japan's Sumitomo Metal Mining Co on Tuesday said it had agreed to take a 27.75- percent interest in a Canadian gold mining project from Toronto- based IAMGOLD Corp for $195 million. The purchase of the stake in the Cote Gold Project in Ontario comes as Japan's biggest gold miner looks to boost its...

  • June 5- Asanko Gold Inc said it could bolster its liquidity position to over $100 million by the second quarter of 2018, days after short seller Muddy Waters said the Canadian gold miner would run out of cash by next year. The company's shares tumbled last week when Muddy Waters released a 43- page document saying production at Asanko's Nkran mine in Ghana and...

  • *Silver marks highest since April 26. LONDON, June 5- Gold prices hit a six-week high on Monday, buoyed by disappointing U.S. jobs data that dimmed the prospects for an aggressive run of interest rate increases in the world's biggest economy. "Gold has got a bit of a lift from payroll numbers from Friday which has carried through to today but there is also support from...

  • LONDON, June 5- The gold price is likely to stay range-bound over the next year, with an upper price of around $1,425, barring any major financial shock, the head of Canadian gold company Abitibi Royalties said. CEO Ian Ball's view sets him at odds with his mentor and renowned gold bull Rob McEwen, of McEwen Mining, for whom Ball worked for a decade.

  • *Silver marks highest since April 26. LONDON, June 5- Gold hit a six-week high on Monday, buoyed by disappointing U.S. jobs data on Friday that dimmed the prospects for an aggressive run of interest rate increases in the world's biggest economy. "Gold has got a bit of a lift from payroll numbers from Friday which has carried through to today but there is also support...

  • *Silver marks highest since April 26. LONDON, June 5- Gold hit a six-week high on Monday, buoyed by disappointing U.S. jobs data on Friday that dimmed the prospects for an aggressive run of interest rate increases in the world's biggest economy. "Gold has got a bit of a lift from payroll numbers from Friday which has carried through to today but there is also support...

  • June 5- Gold held steady after hitting its highest in over six weeks on Monday, buoyed by disappointing U.S. jobs data that appeared to dilute the prospects for an aggressive string of interest rate hikes in the United States. It hit a peak of $1,282 an ounce early in the session, its strongest since April 21. "We do expect gold to hit some turbulence as we approach the...

  • June 5- Gold held steady after hitting its highest in over six weeks earlier on Monday, buoyed by disappointing U.S. jobs data that appeared to dilute the prospects for an aggressive string of interest rate hikes in the United States. Spot gold had climbed 0.1 percent to $1,280.74 per. It hit a peak of $1,281.95 an ounce early in the session, its strongest since April...

  • June 5- Gold held steady after hitting its highest in over six weeks earlier on Monday, buoyed as a disappointing U.S. jobs report appeared to dilute the prospects for an aggressive string of interest rate hikes in the United States. *Spot gold had risen 0.1 percent, to $1,281.40 per ounce by 0115 GMT. *Palladium on Monday matched its June 2 high of $843.10 an ounce,...

  • TORONTO, May 31- Canada's main stock index fell on Wednesday in broad declines, with a slump in oil prices dragging energy stocks lower. At 11:57 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index shed 81.59 points, or 0.53 percent, to 15,290.76. Asanko Gold Inc shares fell 13.2 percent to C $2.19 before being halted after short-selling firm Muddy...

  • MOSCOW/ HONG KONG, May 31- A consortium of investors led by China's Fosun International Ltd will buy a 10 percent stake in Russia's top gold producer Polyus for $887 million, they said on Wednesday. Russia, the world's third largest gold producer, has been looking for investments in Asia, mainly in China, since the West imposed sanctions on Moscow due to its role in the...

  • MOSCOW, May 31- Russian tycoon Suleiman Kerimov's family said on Wednesday they were selling 10 percent of Russia's top gold producer Polyus to a consortium of investors led by China's Fosun International Ltd for $887 million. Polyus Gold International Limited said in a statement that it would sell 12,561,868 Polyus shares to the Fosun-led consortium for...

  • BUENOS AIRES, May 29- A strike by one of the labor unions at Barrick Gold Corp's Veladero mine in Argentina, the site of three cyanide solution spills in 18 months, has ended, the company said on Monday. The government of Argentina's San Juan province, where Veladero is located, said earlier this month that it had approved a plan for improving safety following the...