Some of the workers who were attacked worked for Perenti's African Mining Services unit which has been contracted by Canadian gold miner Semafo Inc as well as London-headquartered gold miner Nordgold.
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Major gold miner Newcrest Mining Ltd tacked on about 2.5%.
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Zijin Mining Group, China's largest gold miner, added 2.9 percent.
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The country's top gold miner Newcrest Mining shed 1.2 percent.
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Gold miner Evolution Mining Ltd ended at a record high.
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Stronger bullion prices helped gold miner Newcrest Mining gain 6.5%.
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Gold miner Newcrest Mining Ltd added 2.9% for the session.
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MOSCOW/HONG KONG (Reuters) - Russia's largest gold miner Polyus (PLZL.
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Lifting gold and gold miner shares were the precious metal's prices.
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New Gold, a mid-sized Canadian gold miner, said on Sept.
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The gold miner expects to close its Randgold Resources Ltd RRS.
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TO) abandoned its $1.9 billion pursuit of gold miner Centamin (CEY.
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TO) abandoned its $1.9 billion pursuit of gold miner Centamin (CEY.
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"Gold-miner E.T.F.s are not the same as gold," she said.
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Brian Kelly was a buyer of the Junior Gold Miner ETF.
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Gold miner Newcrest Mining Ltd dropped 1.6% after its quarterly output fell.
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Major gold miner Newcrest Mining Ltd ended the session down about 1%.
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Gold miner Newcrest Mining Ltd reversed yesterday's gains to slide 1.7 percent.
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Gold miner ETFs were up more than 4 percent on Wednesday afternoon.
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The government has accused Acacia, Tanzania's largest gold miner, of tax evasion.
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And gold miner Newmont Mining is 60 percent above its 200 day.
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An illegal gold miner scours the forest soils in Suriname, South America.
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HONG KONG (Reuters) - Chinese gold miner Zijin Mining Group Co Ltd (601899.
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Gold miner Centamin fell 16 percent after cutting its annual production target.
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Gold miner Centamin fell 8.3 percent after cutting its annual production target.
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Drugmaker AstraZeneca dropped 1.7 percent, while gold miner Fresnillo slipped 1.9 percent.
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His granddaddy was a gold miner, so the art's got family roots.
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Nickel and gold miner Independence Group raised A$250 million last month in an issue that was 2-1/2 times oversubscribed, while gold miner Ramelius Resources and nickel prospector S2 Resources have also easily raised extra capital.
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You know that we are the only gold miner that is never impaired.
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To learn to be an illegal gold miner takes only a few hours.
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Copper and gold miner Freeport-McMoRan (FCX) similarly suspended its dividend this week.
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Top gold miner Newcrest Mining slipped 2.3%, while Northern Star Resources lost 3.1%.
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Top gold miner Newcrest Mining fell 2.5%, while Northern Star Resources lost 3.2%.
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His father, James, was a gold miner; his mother, Martha, was a homemaker.
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He was a gold miner in Alaska and she lived in New Orleans.
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Gold miner Newcrest Mining Ltd dropped more than 1% after its quarterly output fell.
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Newcrest Mining Ltd, the largest listed gold miner in Australia, moved up about 1.5%.
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Bristow last February launched a hostile takeover bid for rival gold miner Newmont Corporation.
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Roque said Canada-based gold miner Franco-Nevada is his favorite stock among BAANG.
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Barrick last fall bought Rangold for $6.5 billion, creating the world's largest gold miner.
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However, gold miner Newcrest Mining was nearly 3 percent lower, dragged the sector down.
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Gold miner Newcrest Mining dropped 2.3 percent, in its biggest loss since December 22.
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Gold miner Evolution Mining Ltd dove 7.8% to end at its weakest since May.
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Gold miner Newcrest Mining and Evolution Mining lost as much as 2.1% and 1.8%, respectively.
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The 58-year-old former gold miner looks reduced in his old blue work shirt.
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The South African gold miner, which is due to report first-half results on Aug.
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Gold miner Regis Resources slumped 11.8% and was the biggest loser on the benchmark index.
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Barrick, the world's largest gold miner, did not immediately respond to a request for comment.
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Resolute Mining fell 6.2%, while the country's top gold miner Newcrest Mining ended 1.1% lower.
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Australian gold miner Newcrest Mining Ltd was, until now, SolGold's largest shareholder, Refinitiv data showed.
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Gold miner Resolute Mining was the top gainer on the benchmark and closed 10.3% higher.
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The country's largest listed gold miner recorded underlying profit for the half-year ended Dec.
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Gold miner Northern Star Resources Ltd rose 22016 percent, extending gains into a third day.
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Gold miner Fresnillo jumped more than 3 percent as investors rushed to the safe haven asset.
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Gold miner Fresnillo shed 1 percent after saying silver output would be slightly lower in 2019.
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At least one gold miner, however, is letting shareholders enjoy the spoils of gold's recent rally.
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Acacia is 63.9 percent owned by Barrick Gold Corp, the world's largest gold miner by production.
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This helped push up the VanEck Vectors gold miner exchange traded fund by 73 basis points.
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Newcrest Mining, the country's biggest-listed gold miner, slumped 4.6%, while Northern Star Resources lost 6.6%.
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Gold miner Newcrest Mining Ltd was up 1.2 percent, while peer Evolution Mining gained 3.6 percent.
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Gold miner Northern Star Resources tumbled 12.7% after pulling production and cost outlook for the year.
|
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The country's largest gold miner Newcrest Mining Ltd rose 1.3%, while Northern Star Resources gained 3%.
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Gold miner Barrick Gold has expressed interest in acquiring the Grasberg copper-gold mine in Indonesia.
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|
A former wildcat gold miner, Batista attracted ravenous demand for shares in his mining and energy ventures.
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That combination would make Newmont the world's top gold miner if it closes as planned next quarter.
|
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Barrick Gold, the host's favorite gold miner, is making a hostile $17.8 billion bid for Newmont Mining.
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Gold miner Oz Minerals was another gainer, reaching a three-year peak after reaffirming its production guidance.
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Sibanye was the first South African gold miner to set itself a deadline to stop the practice.
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|
Gold miner stocks also fell, with the VanEck Vectors Gold Miners exchange traded fund falling 899.603 percent.
|
|
The country's biggest listed gold miner Newcrest Mining rose 1.3% to a more than 7-year high.
|
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Newcrest Mining dropped 8.6% after the country's largest listed gold miner cut full-year gold production forecast.
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The gold miner Newmont Mining has had a great February: Its stock is up nearly 10 percent.
|
|
Newcrest Mining Ltd, the country's largest independent gold miner, dropped 2.1%, while St Barbara Ltd shed 23%.
|
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Newcrest, Australia's biggest gold miner, cut its full year production forecast for gold and copper on Thursday.
|
|
Some miners like Africa-focused gold miner Randgold Resources have made big profits in higher-risk jurisdictions.
|
|
Mining giant Rio Tinto Ltd lost 1.3 percent, while gold miner Newcrest Mining Ltd was 1.8 percent up.
|
|
Gold miner Newcrest erased early gains on the back of higher gold prices to close down 2.03 percent.
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However a fair value buyout offer from the world's No. 2 gold miner would be attractive, it added.
|
|
Last week, a top Barrick shareholder urged the gold miner to strike an agreement for the Nevada operations.
|
|
Returning to the junior gold miner space, there are other funds that continue to focus on smaller firms.
|
|
U.S.-listed Newmont Goldcorp Corp, the world's largest gold miner, retains the other 50% of the joint venture.
|
|
Gold miner Newcrest Mining Ltd was among the biggest gainers on the benchmark, climbing more than 2 percent.
|
|
Gold miner Sibanye-Stillwater has offered to buy the troubled platinum specialist for shares worth 246 mln pounds.
|
|
While housebuilders were powering gains for the midcap index, gold miner Centamin plunged 7% after downbeat production forecast.
|
|
The country's biggest gold miner Newcrest Mining Ltd lost 1.5% while Northern Star Resources lost most, droping 6.6%.
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|
The climate activist Greta Thunberg has also been compared to a young Klondike gold miner photographed in 1898.
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A more than one percent fall in shares of gold miner Newcrest Mining also pushed the index lower.
|
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Tanzania's economy, Africa's fourth biggest gold miner, also relies on rain-fed farming, tourism, mining, financial services and communications.
|
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The Hong Kong-listed shares of gold miner Zijin Mining fell 0.84 percent by 3:24 p.m. SIN/HK.
|
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Gold miner Newcrest Mining dropped 1.2 percent, while mining heavyweights BHP Billiton and Rio Tinto shed 0.4 percent each.
|
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Gold miner Randgold Resources and precious metals firm, Fresnillo both jumped over 7 and 5 percent respectively on Thursday.
|
|
"Accordingly, our mining operations continue," gold miner Lepanto Consolidated Mining Co, which was ordered suspended, told the stock exchange.
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|
The gold miner also said Kenyon, who was named interim CEO in June, would step down as a director.
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|
BISHKEK (Reuters) - Kyrgyz gold miner Kyrgyzaltyn has not yet seen or studied an offer by Chaarat Gold Holdings (CGH.
|
|
Copper-gold miner Sandfire Resources NL fell 4.5 percent and mining services company Mineral Resources Ltd lost 5.39 percent.
|
|
Barrick, the world's largest gold miner, has been temporarily restricted from adding cyanide to the mine's gold processing facility.
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|
He looked like a cartoon character: orange and dressed like an old-time-gold-miner with a giant hat.
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|
The broader mining index ended trade about 1% lower, with gold miner Saracen Mineral Holdings as the top loser.
|
|
That would make it the world's biggest gold miner by market capitalization, overtaking Newmont Mining Corp, according to Reuters calculations.
|
|
Gold miner Fresnillo rose 2.8 percent as the price of the safe-haven asset rose to a two week high.
|
|
The 1.4 percent fall in Newcrest Mining, Australia's largest independent gold miner, was among the biggest drags on the benchmark.
|
|
Shares in Randgold Resources were the top gainers, rising 4.3 percent, and silver and gold miner Fresnillo gained 1.8 percent.
|
|
Newmont (NEM), a gold miner whose stock is in the S&P 500, has soared more than 13% since October.
|
|
Gold miner Acacia, majority-owned by Barrick, is in talks with the Tanzanian government over a $190 billion tax claim.
|
|
The sharp drop in Australia's top gold miner weighed heavily on its peers, sending the gold index down nearly 2%.
|
|
The gold miner shut its three mines last month due to the dollar crunch until it can find a solution.
|
|
A gold miner carried the virus from the epicenter of the epidemic, which is several hundred kilometers (miles) to the north.
|
|
Based on Polyus' outstanding shares, the Russian gold miner has a market value of about $9 billion, according to Reuters calculations.
|
|
L) said on Friday it was in early talks about a possible merger with Canadian gold miner Endeavour Mining Corp (EDV.TO).
|
|
A spokeswoman for Barrick, the world's largest gold miner by market value, declined to comment on the company's latest security measures.
|
|
The world's biggest gold miner will also expand its hunt beyond trusted core districts, to so-called 'greenfield', or uncharted, areas.
|
|
Barrick Gold made an $18 billion hostile takeover offer for Newmont Mining in order to create the world's largest gold miner.
|
|
Australia's largest listed gold miner said production for the June quarter rose to 661,414 ounces from 54.93,950 ounces reported last year.
|
|
Australia's largest listed gold miner said production for the June quarter rose to 661,414 ounces from 634,950 ounces reported last year.
|
|
Gold miner Resolute Mining was the best performer on the broader index on a year to date basis, gaining 420 percent.
|
|
And Barrick Gold (ABX), which merged with Randgold last year to create the world's largest gold miner, is up nearly 20%.
|
|
The company reported lower-than-expected quarterly revenue as the world's fifth-biggest gold miner struggled with lower realized gold prices.
|
|
The gold sector bucked the trend with a 13 percent gain, including top gold miner Newcrest Mining Ltd up 3 percent.
|
|
Newcrest Mining Ltd tumbled 13% after the country's largest listed gold miner lowered its gold production forecast for the full year.
|
|
Gold miner Northern Star Resources lost up to 3.1%, while Evolution Mining and Saracen Mineral Holdings slipped 3.6% and 5.5%, respectively.
|
|
Top gold miner Newcrest Mining added about 2%, while OceanaGold Corp was the top percentage gainer, tacking on more than 5%.
|
|
Gold miner Resolute Mining Ltd fell 3.9% and was the worst performer on the ASX benchmark, while Regis Resources lost 3.6%.
|
|
Its performance was topped only by two ETFs that offer triple the downside of gold miner stocks, which have gotten clobbered.
|
|
Gold miner Newcrest Mining was up 1.77 percent to A$20.71 per share, while Evolution Mining jumped 1.9 percent to A$2.15.
|
|
In 2017, Barrick and Randgold combined produced 6.64 million ounces while the next largest gold miner, Newmont, churned out 5.27 million ounces.
|
|
The shares of gold miner Orecorp, whose only other asset is an exploration project in Mauritania, are down 72 percent since March.
|
|
Gold miner Northern Star Resources lost 5.5% and peer Evolution Mining fell 2.2% as bullion prices dipped against a stronger U.S dollar.
|
|
Gold miner Newcrest closed up 4.51 percent, with spot gold trading up 0.27 percent at $1,241.10 an ounce as of 3.22 p.m.
|
|
Simon Simango, an illegal gold miner in Chimanimani, Manicaland province, acknowledged that the excavations were having a negative impact on the environment.
|
|
Barrick, the world's No. 303 gold miner, said the expansion is not intended to process ore from outside the current concession area.
|
|
Gold miner Evolution Mining closed about 9% higher, its best session since November 2016, while St Barbara Ltd also rose as much.
|
|
Newcrest Mining, the country's largest independent gold miner, rose 2.9 percent after it said quarterly gold production increased from a year ago.
|
|
Rakishev's past investments include Altynalmas, a Kazakh gold miner which he says he helped sell to celebrity investor Robert Friedland's Ivanhoe Mines.
|
|
The world's biggest gold miner is in talks with two Chinese companies about potential deals involving some of its South American operations.
|
|
As well as being a gold miner, the stock has many of its costs in Mexican pesos, so benefits when it falls.
|
|
One gold miner, Hanna Hurst, described her harassment at work as rougher than any she endured serving in the military in Iraq.
|
|
Looking to the two popular ETFs that track gold miner stocks, GDX and GDXJ, the Goldman Sachs team notes a few mixed signals.
|
|
Gold stocks were among the only losers on the benchmark, with Australia's largest independent gold miner Newcrest Mining declining as much as 2.7%.
|
|
The gold miner is projected to show nearly $2743 billion on the revenue line and to return 18 cents of earnings per share.
|
|
Buritica will be its flagship, allowing it to possibly overtake Canadian rival Gran Colombia Gold Corp as the country's biggest underground gold miner.
|
|
The Toronto-headquartered gold miner said it did not expect the strike to affect an expansion that is currently planned for the mine.
|
|
Global miner Rio Tinto shed 1.1 percent while gold miner Evolution Mining was among the top losers on the index, falling 5.4 percent.
|
|
N, the world's largest gold miner, estimated spending of about $231 billion if it decides to proceed with projects in Nevada and Peru.
|
|
Diversified miner South32 Ltd fell 1.6%, while gold miner OceanGold Corp dropped as much as 5.4% to its lowest in over two weeks.
|
|
Authorities last year charged five current and former employees of Acacia Mining, the country's largest gold miner, with money laundering and tax evasion.
|
|
Another state-run Chinese gold miner, Zijin Mining Group Co , is already generating half of its revenues abroad, said executive director George Fang.
|
|
Gold miner Newcrest Mining shares were up 2660.78 percent at A$21.45 a share, after it released its production report for the December quarter.
|
|
The ETF's single largest holding is gold miner Newmont Mining, which also happens to be the single best-performing stock in the this year.
|
|
Randgold Resources is the gold miner known for its low production costs and ability to find gold in regions where other players won't go.
|
|
Among the biggest drivers of the fall were a major gold miner, some of the country's biggest banks and a few major energy companies.
|
|
Gold miner Newcrest Mining Ltd closed 2 percent lower hitting a near one-month closing low, while peer Northern Star Resources fell 1.5 percent.
|
|
That's not necessarily a horrible thing, but it would take the ETF further away from offering the junior gold miner exposure that it promises.
|
|
Its bigger rivals, including Australia's No. 1 gold miner Newcrest Mining, rose between 11 and 13 percent after gold hit a two-week high.
|
|
Gold miner Newcrest Mining Ltd rose 2.2 percent, while Northern Star Resources Ltd gained 3 percent as gold prices rose for a third day.
|
|
Among gainers, Gold Fields rose 1.89 percent to 47 rand after the gold miner said a strike at its sole domestic mine had ended.
|
|
The stakes are particularly high for two companies with existing relationships with Gertler: Swiss commodities giant Glencore and UK-based gold miner Randgold Resources.
|
|
The gold miner said at least three shareholders, holding a combined 24 percent of the company's shares, voted for removal of all eight directors.
|
|
Had the court found in its favour, the gold miner could have taken disciplinary action against workers that did not show up to work.
|
|
Acacia, the biggest gold miner in Tanzania, received a notice from Tanzania on Monday for $190 billion unpaid taxes dating back over 10 years.
|
|
Gold stocks rose 13% as virus fears boosted demand for the precious metal, with the country's biggest independent gold miner, Newcrest Mining, gaining 1.3%.
|
|
Gold miner Perseus Mining was among top losers in the mining sector, shedding as much as 3%, while peer Dacian Gold dropped over 4%.
|
|
Australia's largest listed gold miner said gold production for the three months to June 30 rose to 634,950 ounces from 551,815 ounces a year ago.
|
|
In its statement to the Australian Securities Exchange, the gold miner did not detail the extent to which the event would affect its 2018 forecast.
|
|
Munk twice tried to buy the world's second-biggest gold miner, Newmont Mining, but walked away because he wanted the merged company to remain Canadian.
|
|
West Africa-focused gold miner Endeavour Mining is not looking for other potential acquisitions after its failed offer for Centamin, CEO Sebastien de Montessus said.
|
|
Shares of gold miner Newcrest Mining Ltd fell 23 percent after it posted a 0.3 percent decline in second-quarter gold production, missing analyst estimates.
|
|
Canadian gold miner Eldorado Gold Corp is expected to report a fall in fourth-quarter profit on Wednesday, hurt by a slump in gold prices.
|
|
As for a gold miner stock, remember what makes gold so valuable: its scarcity and the difficulty of getting it out of the ground cheaply.
|
|
Acacia, which is Tanzania's largest gold miner, is locked in a long-running dispute with the government which has accused the company of tax evasion.
|
|
Other gold miners also rallied after gold prices rose to a one-week peak, with the country's biggest gold miner Newcrest Mining gaining 1.4 percent.
|
|
Paulson & Co, which has a 5.4 percent stake in the gold miner, said on Thursday that the OSC had not reviewed the hedge fund's statement.
|
|
Barrick Gold Corp, the world's largest gold miner, fell 25.7 percent to C$254 and Agnico Eagle Mines Ltd retreated 20.1 percent to C$51.873.
|
|
TO is exploring a possible sale of all or parts of the gold miner business, Bloomberg reported on Thursday, citing people familiar with the matter.
|
|
Gold miner Randgold Resources was the top gainer on the index, rallying 06003 percent after a target price hike by Credit Suisse and Dundee Capital.
|
|
Barrick, the world's largest gold miner, has been temporarily restricted from adding cyanide to the mine's gold processing facility in Veladero, although other operations continue.
|
|
Even as a boy, the son of a Catholic mother and powerfully built Anglican father who had been a gold miner, he was an overachiever.
|
|
Mid-cap gold miner Centamin lost 4.8% after it issued a production forecast for the third quarter and said its chief executive officer would retire.
|
|
Interest in Solgold's Cascabel copper and gold project has already led to a $33 million deal with investment bank Maxit and Australian gold miner Newcrest.
|
|
Major energy company Canadian Natural Resources Ltd fell 1.2 percent to C$40.84, and gold miner Barrick Gold Corp declined 0.7 percent to C$23.69.
|
|
Among decliners, gold stocks lost over 1% as the country's largest listed gold miner Newcrest Mining dropped to its lowest close in more than eight months.
|
|
Kinross, which is the world's fifth-biggest gold miner, said its net earnings were $2755 million, or zero a share, in the three months through September.
|
|
Tanzania's government last year accused Acacia, the country's biggest gold miner, of under-declaring mineral exports and slapped it with a massive $190 billion tax bill.
|
|
That's the question investors in one popular gold miner ETF are grappling with after rapid asset growth pushed it to significantly deviate from its underlying index.
|
|
But for those who are willing to take more risk and chase greater rewards, there was only one gold miner that Cramer was willing to bless.
|
|
The hedge fund, run by billionaire John Paulson, also said it raised its stake in the Canadian gold miner to 5.7 percent from about 5.4 percent.
|
|
V in a deal valued at $221 million on Thursday, as the world's No. 2100 gold miner by market value focuses more squarely on core assets.
|
|
Barrick grew through expansion, and with the acquisition in 22006 of Placer Dome, a British Columbia-based mining company, it became the world's largest gold miner.
|
|
The sale would comprise an initial upfront payment of A$100 million and up to A$200 million in additional deferred consideration, the gold miner said.
|
|
The sale would comprise an initial upfront payment of A$100 million and up to A$200 million in additional deferred consideration, the gold miner said.
|
|
Meanwhile, major gold miner Barrick Gold Corp jumped 20.6 percent to C$281.62 after its Veladero mine in Argentina resumed operations that were suspended on Sept.
|
|
The Australian Financial here said the gold miner was finalising a deal to acquire U.S.-based Newmont Goldcorp's 50% stake in Western Australia's Super Pit mine.
|
|
Much is disputed about the life of Mr. Murrieta, a Mexican gold miner who has been portrayed as both a freedom fighter and a bloodthirsty bandit.
|
|
Earlier on Wednesday, Paulson & Co issued a statement saying Detour Gold had received a buyout offer from another gold miner, but had failed to disclose it publicly.
|
|
Earlier this month, influential proxy advisory firms Institutional Shareholder Services and Glass Lewis recommended that shareholders vote for the pay plan at the world's biggest gold miner.
|
|
The gold miner Newmont Mining lost $1.38, or 7.8 percent, to $16.30, and the copper producer Freeport-McMoRan gave up 40 cents, or 9.2 percent, to $3.95.
|
|
The Canadian gold miner said on Monday it extended the voting deadline by two days after some shareholders with substantial holding voted to replace the entire board.
|
|
For investors, the bottom line is that the holdings of their favorite junior gold miner ETF have gotten a little bit bigger on the market-cap spectrum.
|
|
The victim was an artisanal gold miner from a nearby village, two workers at the Avesoro mine told Reuters, declining to be named for fear of reprisals.
|
|
Precious metals miner Fresnillo was the top gainer, up 5.6 percent, while gold miner Randgold Resources also rose 1.8 percent as the price of gold edged higher.
|
|
Saracen Mineral Holdings was the top gainer on the index, rising 5.6 percent to a record close after the gold miner upgraded its full-year production guidance.
|
|
Tanzania's largest gold miner also said full-year core earnings dropped by more than a third due to a ban on unprocessed mineral exports in the country.
|
|
Tanzanian authorities have charged three of Acacia's local subsidiaries, an employee and a former staffer with money laundering and tax evasion, the gold miner said on Wednesday.
|
|
On Tuesday, Zimbabwe's gold miner RioZim said it would take legal action to force the central bank to pay it in dollars for part of its output.
|
|
The index of material stocks added over half a percent, supported by gold miner Newcrest Mining which snapped four sessions of losses, adding up to 1.8 percent.
|
|
Gold miner Newcrest Mining Ltd rose as much as 3.4 percent, while Northern Star Resources Ltd also gained up to 3.4 percent, hitting a two-month high.
|
|
Australia's largest independent gold miner reported its full-year underlying profit rose to $394 million, but was short of analysts' estimates between $434 million and $485 million.
|
|
The gold miner on Monday flagged a hit to its full-year guidance as a dam wall breach led to operations being suspended at its main mine.
|
|
Barrick Gold Corp on Monday withdrew its $18 billion bid for its biggest rival Newmont, a proposal that involved the U.S. gold miner ditching its takeover of Goldcorp.
|
|
Gold miner Newcrest Mining rose 3.8% to hit its best level in nearly eight years, while peer St Barbara jumped 5.4% to end at a four-month high.
|
|
Randgold rose in early trading after the African gold miner reported 2017 profit up 14 percent thanks to increased production and said it would double its annual dividend.
|
|
Newmont Mining's $10 billion all-stock takeover of Goldcorp is the biggest deal in the gold sector ever, per Reuters, and would create the world's biggest gold miner.
|
|
Barrick, already the world's largest gold miner, said its contemplated proposal did not offer any premium to Newmont's shareholders and that no decision had been taken so far.
|
|
Gold miner Newcrest Mining dropped to a one-month low, while its peers Northern Star Resources Ltd and Evolution Mining Ltd lost 3.1 percent and 4.9 percent respectively.
|
|
Mining companies were the biggest fallers, with gold miner Randgold Resources dropping more than 5 percent after its update and pulling peer Fresnillo down 3 percent as well.
|
|
Ghana, Africa's second largest gold miner after South Africa, earned $5.78 billion from exports of the metal last year, up 17.6 percent on 2016, central bank data showed.
|
|
A spokesman for Congo's Ebola response team said of the 300 primary and secondary contacts so far identified of the gold miner, 240 had so far been vaccinated.
|
|
The Australian gold miner will fund the acquisition partially through a A$796 million ($545.66 million) capital raising and the balance through a loan of A$450 million.
|
|
"The gold miner ... will have contaminated several people, but for the moment it is only his wife and one of his ten children who are sick," Muyembe said.
|
|
The government has accused Acacia Mining, the country's biggest gold miner, of evading taxes worth billions of dollars by under-declaring export volume and value of its minerals.
|
|
Newmont, the world's second-biggest gold miner by market value, said its adjusted net income fell to $21 million, or 2194 cents a share in the first quarter.
|
|
One creditor of Venezuela, Crystallex International Corp, a Canadian gold miner, has already asked a federal judge in Delaware to void the stock pledge to the 2020 bondholders.
|
|
Congo is Africa's largest copper producer, a significant gold miner and one of the world's leading sources of cobalt, increasingly sought after for use in electric car batteries.
|
|
Gold miner Newcrest Mining Ltd agreed to buy a copper and gold mine in Canada for $806.5 million and said the Australian firm was open to more deals.
|
|
The deal marks the second acquisition of a Canadian gold miner in as many weeks as miners look to boost reserves and take advantage of firmer bullion prices.
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"I'm paranoid about tailings dams," said Mark Bristow, CEO of Barrick Gold Corp, the world's largest gold miner, which has assigned full-time engineers to each tailings dam.
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Safe-haven gold stocks slumped nearly 2%, with top gold miner Newcrest Mining Ltd falling 1.7%, while Evolution Mining and Saracen Mineral Holdings shed 2.2% and 0.8%, respectively.
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The Toronto, Ontario-based miner, which has one of the highest debt loads of any gold miner, has been selling its non-core assets in order to reduce debt.
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The abandoned bunkhouse, owned by gold miner Benguet Corp, was near the site of a mine which was operating illegally, according to the Chamber of Mines of the Philippines.
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This is the biggest hedge by a gold miner since Evolution Mining said last month that it sold forward 150,000 ounces of gold with scheduled deliveries out to 2020.
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Canadian gold miner Torex Gold Resources Inc is seen as a logical buyer because it has a mine about 41 kilometers (25 miles) from Los Filos, the sources said.
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Gold miner Newcrest Mining Ltd fell 1.8 percent after gold fell for the eighth straight session on Thursday, slipping to a four-month low, pressured by a stronger dollar.
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Meanwhile, boosted by safe-haven buying, gold miner Regis Resources Ltd was the only stock to trade in the black out of the 200 stocks in the Australian benchmark.
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The city of Martinez, California claims the drink was first served there in 1849 when a lucky gold miner rolled into town and ordered Champagne to celebrate his fortune.
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The abandoned bunkhouse, owned by gold miner Benguet Corp , was near the site of a mine which was operating illegally, according to the Chamber of Mines of the Philippines.
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A former wildcat gold miner, Batista attracted ravenous demand for shares in his mining and energy ventures, which were forced into bankruptcy court as oil and mineral prices crashed.
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Gold miner Fresnillo gained 2 percent, as the price of the safe haven asset continued to rise, with investors rushing into it among political turbulence in the United States.
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Some of those who died were illegally mining for gold near an abandoned bunkhouse owned by gold miner Benguet Corp, according to the Chamber of Mines of the Philippines.
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Neighboring Tanzania, once one of Africa's most attractive jurisdictions for international investors, has also cracked down on the industry, hitting gold miner Acacia with a $190 billion tax bill.
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The worlds third largest gold miner also has new projects on the cards, as it proceeds with a feasibility study for Quebradona, a joint venture with B2Gold, in Colombia.
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Heavyweight energy and gold mining stocks also weighed, with pipeline operator Enbridge Inc down 1.3 percent and gold miner Agnico Eagle Mines Ltd off 3.8 percent at C$58.24.
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Coordinator Jean-Jacques Muyembe also said a sister of the man, a gold miner, who had traveled to Congo's south Kivu was swiftly identified and brought back to Goma.
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Canadian gold miner Semafo said on Wednesday several people had been killed when a convoy transporting some of its workers was attacked on a road in eastern Burkina Faso.
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Looking at individual stocks, gold miner Centamin tumbled to the bottom of the European benchmark after it announced a hefty cut to its full-year production guidance on Friday.
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Even his sweet, sad epistolary accounts of many failed employment efforts (snake oil salesman's assistant, gold miner, stableboy) are a diversion after the brutal, bloody realism of the swamp.
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Gold miner Newcrest Mining Ltd closed at its highest in over four months, while BHP Billiton ended the day 0.7 percent up, its highest in more than eight months.
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LONDON, Oct 23 (Reuters) - A senior manager at Acacia Mining pleaded not guilty to charges of corruption and money laundering brought by Tanzanian authorities, the gold miner said on Tuesday.
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As of 343, Pratt's mother was still working at a Safeway grocery store, and his father, who died that same year, was a gold miner who later worked in construction.
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Gold miner St. Barbara Ltd slid about 9% and was the top percentage loser on the benchmark stock index after the company cut production guidance for its flagship Gwalia project.
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"We need to fix Eskom, to think that underground gold mining can survive without Eskom is going to be difficult," said Peter Steenkamp, the chief executive of gold miner Harmony.
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Barrick, the world's largest gold miner by production, rose 222.21 percent to C$21.4, as investors cheered the news it had produced more gold than expected and lowered its costs.
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The gold miner also said its interim chief executive officer would step down as a director and it would start looking for a new CEO once the proxy fight ends.
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The company, which has one of the highest debt loads of any gold miner, has been selling its non-core assets and had cut debt by $3 billion last year.
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"If you look at a map of Africa, the mines are not necessarily built where the best geology is," said Daniel Betts, managing director of west African gold miner Hummingbird.
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Mid-cap gold miner Centamin Plc added 1%, a day after it won an approval to give its Canadian suitor Endeavour Mining more time to make a firm takeover offer.
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Another significant faller was gold miner Centamin, which lost 7% on its worst day since early December after Canadian company Endeavour Mining scrapped plans to take over the London group.
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Fosun's interest in the Russian gold miner came when a number of Chinese companies were targeting gold mine acquisitions to build on domestic demand amid the global recovery in prices.
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Bristow has fanned speculation that the world's No. 214 gold miner is poised to deepen its exposure to copper and last week expressed interest in acquiring Freeport's flagship Grasberg mine.
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Newcrest Mining, the biggest gold miner by market value rose 0.4 percent after reporting flat gold production for the quarter, although it was 2 percent higher on a continuing operations basis.
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Barrick, the world's largest gold miner, said in September it had brought back a former executive to advance a scaled-back development plan for the project that would focus on Argentina.
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JOHANNESBURG, May 8 (Reuters) - Africa's biggest gold miner AngloGold Ashanti reported a 16 percent drop in quarterly core profit on Monday hit by a weak showing at its South African operations.
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The FTSE 100 index lost 973 percent on its worst day in a month, but the midcaps gained 0.4 percent with gold miner Centamin leading gains after a strong quarterly update.
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State revenue is expected to rise by around $27 million per year after the amendments of the 18 coal companies and one gold miner PT Indo Muro Kencana, the ministry said.
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If the gold industry fails to reverse the decline in production and reserves, it risks irrelevance, warned David Garofalo, chief executive officer of Goldcorp Inc, the world's third biggest gold miner.
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Every gold miner that EuroPac owns has helped the fund immensely, said Nelson, but this Toronto-based producer has been one of the best performers, climbing 144 percent year-to-date.
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Barrick Gold Corp, the world's largest gold miner, fell nearly 11.0 percent to C$22.89, after reporting weaker-than-expected earnings and as gold prices fell to a two-week low.
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Gold miner Fresnillo rose 1.7 percent as investors turned to gold, considered a safe haven, with expectations that the U.S. Federal Reserve will pause its multi-year interest rate hike cycle.
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Barrick, the world's biggest gold miner, has not launched a formal sales process for Veladero, and there is no certainty that the talks will result in a transaction, the sources said.
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Barrick, already the world's largest gold miner, said on Friday it considered making an all-stock bid for Newmont, a deal that would create a monolith in the global gold sector.
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The deal comes as Barrick, the world's largest gold miner, grapples with last week's pipe rupture at Veladero, the third incident at the mine in 18 months involving cyanide-bearing solution.
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Evolution has expanded over the past five years to become Australia's second-largest gold miner behind Newcrest Mining, acquiring mines or mine stakes from majors like Barrick Gold Corp and Glencore.
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Gold miner Resolute Mining Ltd was the top gainer on the benchmark, and was on track for its best session in more than three years after gaining as much as 16.9%.
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Gold miner Newmont (NEM) and stodgy Dow consumer giants Coca-Cola (KO) and McDonald's (MCD) are in the top five holdings of the iShares Edge MSCI Minimum Volatility USA ETF (USMV).
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The appointment of joint administrators comes after the struggling gold miner said in June its board proposed voluntary liquidation of the company and that remaining cash would be used to pay creditors.
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Freeport-McMoRan used to be a copper and gold miner, and back when oil prices were much higher in 2012, it purchased Plains Exploration and McMoRan Oil and Gas for $19 billion.
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Agnico Eagle Mines, a mid-sized Canadian gold miner, raised its quarterly dividend by 25 percent to 10 cents a share - the first time in three years it has raised its payout.
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MOSCOW, Jan 31 (Reuters) - Russian gold miner Nordgold said on Tuesday it was considering delisting its global depositary receipts from the London Stock Exchange but that no decision had been taken yet.
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Detour did not disclose the buyout offer to Paulson because the company was aware that a third party had already informed him about it, the gold miner said in its latest statement.
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Gold miner Northern Star Resources Ltd jumped as much as 7.6% after the company said it would invest $30 million to expand the processing plant at its Pogo gold mine in Alaska.
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Jeffrey Gundlach, the chief executive of DoubleLine Capital, said on Friday that many asset classes look frothy and his firm continues to hold gold, a traditional safe-haven, along with gold miner stocks.
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Material stocks drove the losses on the index, with BHP Billiton and gold miner Newcrest Mining falling as much as 1.1 percent and 3.8 percent, respectively, to their lowest in over four weeks.
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Canadian gold miner EcoOro, which has spent $240 million on exploration in Colombia, lost 50 percent of a concession in Santander province after a constitutional court ruling halted mining exploration to protect wetlands.
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At least 38 people were killed on Wednesday when a convoy of five buses came under fire by militants on a road leading to the Boungou mine, operated by Canadian gold miner Semafo.
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Gold miner Resolute Mining Ltd was the biggest loser on the ASX 1.53, dropping more than 11% after it said a roaster at its Syama gold mine in Mali has been taken offline.
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British gold miner Centamin Plc on Tuesday rejected a 21 billion pound ($21.33 billion) all-stock takeover proposal from Canada's Endeavour Mining Corp, saying it did not offer enough value to Centamin shareholders.
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Chinese gold miner Zijin Mining Group Co Ltd, said it plans to sell up to 21.43 billion yuan worth of new shares in Shanghai to help fund its purchase of Canada's Nevsun Resources Ltd.
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Australian gold miner Newcrest Mining Ltd has the firepower for more acquisitions, its chief executive said, after the company announced a deal to buy a copper and gold mine in Canada for $806.5 million.
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LONDON (Reuters) - Pavel Maslovskiy, one of the founders of Petropavlovsk, hopes to return as CEO later this year in the latest twist in a long-running battle for control at the Russian gold miner.
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Acacia, a unit of Canada's Barrick Gold and Tanzania's largest gold miner, is caught up in a tax dispute with the government that forced it to reduce operations at its flagship mine last year.
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TORONTO, July 25 (Reuters) - Newmont Goldcorp, the world's biggest gold miner, reported lower-than-expected earnings on Thursday, due to costs including those associated with takeover and joint venture deals and non-operating mines.
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That set off a fresh wave of bids, including Newmont's offer for smaller miner Goldcorp, which would make the Colorado-based firm the world's top gold miner if it closes as planned next quarter.
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Barrick Gold — Barrick CEO Mark Bristow said he wants to speak to rival gold miner Newmont Mining about a possible Nevada joint venture, even as Newmont rejects Barrick's $18 billion takeover bid as inadequate.
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Barrick Gold Corp shares gained 2104.16 percent to C$17.55 after the world's largest gold miner said it would spend about $2 billion on projects in Nevada and Peru for construction starting in 2019.
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JOHANNESBURG, Nov 6 (Reuters) - Canadian gold miner Semafo said on Wednesday that several people had been killed when a convoy transporting some of its workers was attacked on a road in eastern Burkina Faso.
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JOHANNESBURG (Reuters) - Acacia Mining's shares fell for a sixth straight session on Tuesday, a day after the gold miner was hit with a tax bill of more than $190 billion by the Tanzanian government.
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Russia's second largest lender said Kazakh firm Altynalmas would use the loan to buy a controlling stake in gold miner Kazakhaltyn, to finance the Aksu gold mining project and to optimise its debt portfolio.
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Gold miner Northern Star Resources finished 3.3% higher after it entered a deal on Tuesday to buy half of a joint venture that owns Super Pit, the biggest open pit gold mine in Australia.
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Woes multiplied for crisis-hit gold miner Acacia Mining , whose shares dropped more than 15 percent to an 18-month low after the Tanzanian government demanded $190 billion in unpaid taxes, penalties and interest.
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However, Barrick Gold Corp shares gained 0.6 percent to C$17.37 after the world's largest gold miner said it would spend about $2 billion on projects in Nevada and Peru for construction starting in 2019.
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Acacia, Tanzania's largest gold miner, has lost more than half of its value over the past year and in September shut underground work at one of its three mines in response to the law changes.
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Outside of the blue chips, AA dropped 4 percent after brokers chewed over Tuesday's full-year results, while shares in Acacia Mining also fell 3.4 percent after JP Morgan downgraded the gold miner to "neutral".
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The company, the world's No. 2 gold miner, says new technology and lower fuel prices have made its exploration more efficient and it is focusing on areas where it expects to find high-margin discoveries.
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The transaction under discussion is similar to deals Barrick has struck in recent years with Shandong and Zijin, where Chinese groups have become partners in mines owned by the Canadian gold miner, the people said.
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In a place where no one blinks if you call yourself a fishermen, drill-rig roustabout, tugboat captain or gold miner, an increasing number of Alaskans are thinking of themselves as people who grow food.
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Semafo lost after the gold miner said five of its buses with a military escort came under fire on the road leading to its Boungou mine in the eastern region of Est in Burkina Faso.
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MELBOURNE (Reuters) - Australian gold miner St Barbara said on Wednesday it will buy smaller Canadian peer Atlantic Gold Corp for C$722 million ($13 million), marking a second overseas acquisition for cashed-up Australian producers.
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NAIROBI (Reuters) - Ten people were killed and dozens more are wounded and missing after an attack on a convoy transporting workers of Canadian gold miner Semafo in eastern Burkina Faso, three sources said on Wednesday.
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The transaction comes just 10 months after Kirkland Lake acquired fellow Canadian gold miner St Andrew Goldfields for about C$178 million in stock, creating an Ontario-focused producer with four mines and two mills.
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Newcrest Mining Ltd, Australia's largest gold miner, advanced 3.8 percent after it announced a deal to buy a copper and gold mine in Canada for $806.5 million and said it was open to more deals.
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Barrick Gold (GOLD) CEO Mark Bristow said he wants to speak to rival gold miner Newmont Mining (NEM) about a possible Nevada joint venture, even as Newmont rejects Barrick's $18 billion takeover bid as inadequate.
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Barrick, the world's biggest gold miner by output, also said it had formed a working group with Shandong Gold to study a potential partnership at Pascua-Lama, which straddles the border of Chile and Argentina.
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Barrick on Monday withdrew its takeover proposal, which involved the U.S. gold miner ditching its takeover of Goldcorp, and instead signed an agreement with Newmont to create a joint venture for their operations in Nevada.
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Tanzania is making sweeping changes to its mining industry to reap more benefits from its minerals and last year slapped Acacia, its biggest gold miner, with a $190 billion bill in unpaid taxes, penalties and interest.
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Gold miner Newcrest Mining Ltd said on Wednesday it had restarted production at a second part of its flagship Cadia gold mine, which was damaged in an earthquake in April, pushing its shares 0.9 percent higher.
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Goma, a lakeside city of nearly 2 million people on the Rwandan border, has been on high alert for weeks after a gold miner with a large family contaminated several people before dying himself last month.
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The small gold miner is now testing computer analytics to determine more efficient ways to grind and process rocks, for example, or predict when its trucks need repairs, before breaking down, said Chief Executive Rick Howes.
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NEW YORK (Reuters) - Jeffrey Gundlach, the chief executive of DoubleLine Capital, said on Friday that many asset classes look frothy and his firm continues to hold gold, a traditional safe-haven, along with gold miner stocks.
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Had the industry experienced lower gold prices for longer this year, there would likely have been more mergers and acquisitions, said Gary Goldberg, Chief Executive of Newmont Mining Corp, the biggest gold miner by market value.
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On Tuesday, Condor Gold, a Nicaraguan gold miner whose share price is down 10 percent this year, said it had received conditional approval for a secondary listing in Toronto, where it hopes valuations will be higher.
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Goma, a lakeside city of nearly 2 million people on the Rwandan border, has been on high alert over the past week after a gold miner with a large family contaminated several people before dying himself.
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Goldcorp, the world's No. 3 gold miner by market value, said on Monday that it shut mine operations on safety concerns from the blockade by a trucking contractor concerned about losing business due to mine efficiencies.
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Mid-cap Acacia Mining bucked the weaker trend, up 7.9 percent, rallying after news that the gold miner and Tanzania had agreed to talks to try to settle a festering dispute over taxes, royalties and exports.
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VANCOUVER (Reuters) - Small, opportunistic deals will dominate the global gold mining sector again this year, analysts said on Tuesday, after Leagold Mining Corp unveiled a $264 million bid for fellow Canadian gold miner Brio Gold Inc.
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Barrick, the world's biggest gold miner, has been selling non-core assets to help reduce its heavy debt and said in July it planned to sell its 50 percent stake in the Kalgoorlie mine in Australia.
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Miner BHP boosted the benchmark the most, up 1.8 percent, while gains in global miner Rio Tinto of 2.1 percent and gold miner Newcrest Mining of 2.3 percent, were supported by higher prices of underlying commodities.
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Newmont Mining Corp, the world's second-biggest gold miner, doubled its quarterly dividend in October and introduced a new payout policy which has the potential to more than double dividends from the first quarter of 2017.
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The gold miner had said previously it could consider increasing its free float to 25-30 percent from 16 percent, in the mid- to long term, but Grachev said there were no plans to do it now.
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LONDON, June 14 (Reuters) - Shareholders DE Shaw, M&G and Sothic said in a statement on Wednesday London-listed gold miner Petropavlovsk's board needs an overhaul, but they have no intention of taking control of the company.
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With its biggest mine in the Mexican desert, Canada's Goldcorp, the world's third-biggest gold miner, is investing $60 million in new technology to slash the amount of water it uses to store mine tailings, or waste.
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The world's fifth largest gold miner by output said in its earnings report that it expected to halt mining at Maricunga and start rinsing residual gold from the heap leach pads, equipment used to extract the metal.
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NAIROBI, Nov 6 (Reuters) - Ten people were killed and dozens more are wounded and missing after an attack on a convoy transporting workers of Canadian gold miner Semafo in eastern Burkina Faso, three sources said on Wednesday.
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Gold miner Randgold Resources jumped 21.2 percent, the biggest gainer in the FTSE 23.4 index, after gold hit it highest in two weeks on a weaker dollar that generally makes the metal cheaper for other currency holders.
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"I lived in peace as a widow in my home until last year, when I sold an unwanted acre of my late husband's land to korokoza," she said, using a colloquial term for an artisanal gold miner.
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The gold miner said in May it will review divestment options for its South African assets, which include the world's deepest mine, as it looks to streamline its portfolio and focus on assets that deliver higher returns.
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LONDON (Reuters) - Russian gold miner Petropavlovsk has asked British regulators to investigate the identity of shareholders pressing for an overhaul of the board only a year after a previous revolt forced change, sources close to the company said.
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Francine Mulangala, who goes door-to-door informing people about Ebola in the Goma neighborhood where the gold miner lived, said she was also threatened last Friday by more than a dozen people demanding to see his body.
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The DENR on Thursday announced it had canceled the environmental compliance certificates (ECC) of three nickel mines, including INC's, and that of gold miner United Paragon Mining Corp, for failure to comply with the conditions of the permits.
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Barrick, which is the world's largest gold miner, also lowered its forecast for 2017 group gold production largely because of the sale of a 50 percent stake in the Argentinian mine, Veladero, to a Chinese miner last month.
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Last Thursday, VanEck (which runs both the ETF and index) acknowledged the divergence by announcing it would broaden the scope of the index and include many more gold miner stocks in the portfolio at the next rebalance date.
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VanEck (which runs both the ETF and the index) recently acknowledged the divergence by announcing it would broaden the scope of the index and include many more gold miner stocks in the portfolio at the next rebalance date.
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"In short, if you are going to take a risk of owning a gold miner instead of the actual commodity, RandGold is the only way to go, because it is head and shoulders above the competitors," Cramer said.
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If it goes ahead, Medco's acquisition of ConocoPhillips' interest in the block off the northwest coast of Borneo island would follow its purchase of a majority stake in Indonesia's second-biggest copper and gold miner Newmont Nusa Tenggara.
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Meanwhile, gold miner Newcrest Mining rose over 4 percent to a near two-year high, after posting a near 7 percent rise in second-quarter gold output, while its Cadia Valley operations achieved record production for the period.
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TORONTO (Reuters) - Barrick Gold Corp, the world's largest gold miner by production, has an "open mind" and is "very positive" about talks getting underway with Tanzania to resolve an export ban, President Kelvin Dushnisky told Reuters on Thursday.
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Detour Gold also said it had asked the Ontario Securities Commission to investigate the hedge fund, accusing it of "concerning and unlawful behavior" for putting out a public statement disclosing the offer for Detour from a gold miner.
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The company on Wednesday asked the Ontario Securities Commission (OSC) to investigate Paulson, accusing it of "concerning and unlawful behavior" after the hedge fund put out a statement disclosing a buyout offer for Detour from a gold miner.
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Kinross, the world's fourth largest gold miner by output in 2017, halted all extraction, grinding and stockpiling of ore and laid off 300 staff in the fourth quarter of 2016 after the original ruling in March that year.
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MELBOURNE (Reuters) - Uncertainty over U.S. President Donald Trump's policies has driven up gold prices, but the effect may be limited to the short-term only, the head of Australia's biggest gold miner Newcrest Mining Ltd said on Thursday.
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But a shortage of cash has hurt industries, with Zimbabwe's gold miner RioZim last year closing its three mines due to a shortage of dollars, the company said in a letter to the central bank seen by Reuters.
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The gold miner, which last week said it was selling its last remaining South African assets to Harmony Gold for $000 million, reported 2019 headline earnings per share of 91 cents, up from 53 cents the previous year.
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Medco's acquisition of ConocoPhillips' interest in the South Natuna Sea Block B off the northwest coast of Borneo island would follow its purchase of a majority stake in Indonesia's second-biggest copper and gold miner Newmont Nusa Tenggara.
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TORONTO (Reuters) - Agnico Eagle Mines, the biggest Canada-focused gold miner, reported an 18% decline in first-quarter profit on Thursday on lower gold production as its Meadowbank mine in Canada's Nunavut territory nears the end of its life.
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David Garofalo, chief executive of the Vancouver-based gold miner, said in late July that Goldcorp was looking at offloading the mine, as well as weighing options for its Alumbrera mine in Argentina and the Marlin mine in Guatemala.
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While he typically recommends owning gold directly, through either bullion or the GLD, the ETF that tracks the price of precious metals, he also says that for those looking to own a gold miner, it should be Randgold Resources.
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Tanzania banned unprocessed mineral exports as part of a push to reap greater rewards from resources in March and in July served Acacia, the country's largest gold miner, with a $190 billion bill for unpaid taxes, penalties and interest.
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Barrick Gold, the world's biggest gold miner and 63.9 percent owner of Acacia, struck a deal with Tanzania last month to end the dispute, part of which involved Acacia making a $300 million payment to the east African country.
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TORONTO (Reuters) - Barrick Gold, the world's biggest gold miner, is staking new ground in a dogged push to overhaul its operations, seeking scarce artificial intelligence experts to oversee projects using technology for everything from exploration to robot-run mining.
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Barrick, the world's second largest gold miner, had valued Acacia's assets at $1.3 billion in its 2018 annual report but said last week that following a review it concluded some of Acacia's assumptions about its assets were not supportable.
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Newmont, the biggest U.S.-based gold miner, said that after reviewing Yanacocha's closure plan it now expects to record an increase to the asset retirement obligation at the mine of between $400 million and $500 million in fourth quarter.
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Perhaps the easiest fix for VanEck, which also develops the underlying index for GDXJ, is to expand what it considers to be the junior gold miner universe, something the issuer did in 2014 when faced with a similar situation.
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The bid, which has the backing of Atlantic's board, comes after Australian gold miner Newcrest Mining Ltd bought a copper and gold mine in Canada for $806.5 million in March and said it had the firepower for more acquisitions.
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While FireEye declined to identify victims by name, the methods described in their report echoed those used in attacks on Goldcorp, the world's third-biggest gold miner by market value, smaller operator Detour Gold, and the Casino Rama Resort.
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Gold miner Barrick Gold Corp said it had reached a deal to settle a long-running tax dispute between Tanzania and mining group Acacia, which Barrick bought in a $1.2 billion transaction approved by a British court last month.
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Gold miner Resolute Mining gained as much as 3.4%, after announcing a deal to sell its Ravenswood Gold mine for up to A$300 million ($207 million) to a consortium led by resource-focused private equity firm EMR Capital.
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Barrick, the world's biggest gold miner by output, also said it had formed a working group with China's Shandong Gold to study a potential partnership at Pascua-Lama, which straddles the border of Chile and Argentina in the Andes Mountains.
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Newmont, the world's second-biggest gold miner by market value, said the transaction will help it reduce risk and debt, while funding projects that it forecasts will add up to 1 million ounces of gold production in the next two years.
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Newcrest Mining Ltd lost as much as 2.2 percent and hit its lowest in more than three weeks, while fellow gold miner Saracen Mineral Holdings Ltd touched its lowest in more than five weeks, falling as much as 3.9 percent.
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LONDON (Reuters) - West Africa-focused junior gold miner Toro Gold has hired boutique investment bank Raymond James to explore putting itself up for sale after shelving plans to list its shares in London, two sources with knowledge of the matter said.
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TORONTO, July 27 (Reuters) - Barrick Gold Corp, the world's largest gold miner by production, has an "open mind" and is "very positive" about talks getting underway with Tanzania to resolve an export ban, President Kelvin Dushnisky told Reuters on Thursday.
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TORONTO, Sept 1 (Reuters) - Barrick Gold Corp, the world's largest gold miner, said Thursday it has brought back a former executive to advance a scaled-back development plan for its suspended Pascua-Lama project that will first focus on Argentina.
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They are Russian gold miner Polyus, listed in July, Jangada Mines, which is exploring for gold and platinum in Brazil and listed in June, and Rainbow Rare Earths, listed in January, which is developing a rare earth project in Burundi.
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Barrick Gold, the world's biggest gold miner and 63.9 percent owner of Acacia, struck a deal with the Tanzanian government in October to end a dispute, part of which involved Acacia making a $300 million payment to the east African country.
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LONDON, Oct 17 (Reuters) - Acacia Mining said on Wednesday an employee and a former employee were detained by Tanzania's anti-corruption authority, a week after the gold miner said another staffer had been released on bail after being charged with corruption.
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OUAGADOUGOU, Nov 6 (Reuters) - Thirty-seven civilians were killed and more than 60 wounded in an attack by an unidentified gunman on a convoy transporting workers of Canadian gold miner Semafo in eastern Burkina Faso, regional authorities said on Wednesday.
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VANCOUVER (Reuters) - Kirkland Lake Gold shares rose sharply on Monday on speculation there might be another bid for the Canadian gold miner which has rejected three offers, but at least one potential buyer said it would not jump into the fray.
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OUAGADOUGOU, Nov 11 (Reuters) - One worker is still missing in Burkina Faso after last week's attack on a convoy carrying employees of Canadian gold miner Semafo, its chief executive, Benoit Desormeaux, said at a briefing in the Burkinabe capital on Monday.
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GOMA, Congo (Reuters) - Congolese authorities were racing to contain an Ebola epidemic on Thursday, after a gold miner with a large family contaminated several people in the east's main city of Goma before dying of the hemorrhagic fever, officials said.
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LONDON, July 21 (Reuters) - Acacia Mining is targeting the lower end of its production guidance for the year after its first-half results were hit by Tanzania's ban on the export of its concentrates, the gold miner said on Friday.
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John Beresford Kilroy — he had always gone by Jim, the name his siblings gave him as a child — was born on May 1, 1922, in Alaska, the youngest of three children of an Irish immigrant gold miner and his wife.
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Resolute Mining Ltd ended 4% higher after the gold miner said it was in advanced talks with private equity firm EMR Capital Management for the sale of its Ravenswood gold mine in Queensland for up to A$300 million ($206.94 million).
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Experience in block caving helped the country's biggest listed gold miner find extra value in its $807 million acquisition of Canada's Red Chris mine in March, Chief Executive Sandeep Biswas said in an interview ahead of attending LME Week in London.
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The company, the world's fifth-biggest gold miner by market value, posted a net loss of $20213 million, or 22021 cents per share, compared with a net profit of $220 million, or 20.36 cents per share, in the year-ago period.
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CAIRO, Feb 13 (Reuters) - Egypt has approved a mining licence for Aton Resources Inc, the Canada-based gold miner said on Thursday, the first such award since the country's main gold producer Centamin secured a licence more than a decade ago.
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Australia's Newcrest Mining, the world's fourth largest gold miner by value, reinstated its dividend this year for the first time since 2013 while Canada's Agnico Eagle raised its quarterly dividend by 25 percent in July to the highest in three years.
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The gold miner, whose shares fell 3.7% to 3313 rand by 0800 GMT after earnings rose but not by as much as expected, said in May it would review divestment options for its South African assets, including the world's deepest mine.
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Goldcorp Inc is looking to sell royalties it owns on a number of mining projects it has sold in recent years, its chief executive said on Thursday, as the Canadian gold miner nears the end of a series of non-core asset sales.
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TORONTO, April 25 (Reuters) - Agnico Eagle Mines, the biggest Canada-focused gold miner, reported a decline in first-quarter profit on lower gold production as its Meadowbank mine in Canada's Nunavut territory nears the end of its life, the company said on Thursday.
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Traders also noted some pressure on stocks from an overnight Wall Street Journal report, citing sources, that billionaire investor George Soros recently directed a series of "big, bearish investments" of purchases in gold and gold miner shares after a long break from trading.
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HONG KONG/MOSCOW (Reuters) - Fosun International Ltd, is in exclusive talks to buy a large minority stake in Russia's biggest gold miner Polyus, three sources with knowledge of the matter told Reuters, in what would be the Chinese group's maiden Russian deal.
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The uptick in gold prices in a volatile market environment has given gold miners Down Under a big boost, with the executive chairman of Evolution Mining telling CNBC earlier this month it was a great time to be an Australian gold miner.
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The first serious blow to mining companies this year came in March, when Tanzania banned the export of gold and copper ore over a tax dispute with the country's biggest gold miner, London-listed Acacia, and to encourage the construction of domestic smelters.
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VANCOUVER, Oct 25 (Reuters) - Barrick Gold Corp, the world's largest gold miner by production, reported a third-quarter net loss on Wednesday, reflecting lower production and a weaker gold price as well as the impact of an export ban on its Tanzanian unit.
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SAN JUAN, Argentina(Reuters) - Barrick Gold Corp failed to complete improvements to the Veladero mine in Argentina that could have prevented the third spill of cyanide solution in 18 months, leading to eventual sanctions for the world's biggest gold miner, a judge told Reuters.
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At the opposite end of the spectrum, shares in Acacia Mining dropped nearly 8 percent after the troubled gold miner said that it was aiming for the lower end of its full-year guidance after its first-half results were hit by Tanzania's export ban.
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The deal will take Glencore nearer to its target of cutting debt to between $17 billion and $18 billion by the end of this year, while Evolution, Australia's second-largest gold miner, said the stake would boost its gold output and cut its costs.
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While Barrick said it has not considered a premium offer for Newmont shareholders, its argument for the deal would be that it would create an unrivaled gold miner with lower costs than either company has now, according to a source familiar with Barrick's thinking.
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On the other hand, GDXJ is by far the most liquid and tradable name in the junior gold miner space, and a marginal increase in its weighted average market cap isn't going to noticeably change the volatility of the fund or the exposure it offers.
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As GDXJ lifts its market-cap average, a fund like the Sprott Junior Gold Miners ETF (SGDJ), with $55 million in AUM, could pitch itself as the true junior gold miner ETF, since it keeps its market-cap parameters between $250 million and $2 billion.
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Production of 551,815 ounces of gold in the quarter helped Australia's biggest gold miner by market capitalization reach annual output of 2.38 million ounces, at the low end of its target of 2.35 to 2.60 million ounces, in line with a warning in April.
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LONDON (Reuters) - Acacia Mining beat forecasts on Monday with figures for its production and costs in 2018 that lifted the gold miner back into profit, but the company is still grappling with a long-running tax dispute in Tanzania where it operates all its mines.
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A brash former wildcat gold miner, he successfully attracted ravenous demand for shares in his mining and energy ventures at the end of the last decade, when a commodities boom led to a period of sustained economic growth and heavy foreign investment in Brazil.
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The gold miner has also said it could consider increasing its free float to 25-30 percent, from 16 percent, in the mid- to long-term, but Grachev said any potential increase or share placement will depend on its internal situation and external market conditions.
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The mid-tier gold miner is waiting for the renewal of its operating license for the mine on Luzon island, but in the meantime, it has authorization from the Philippines mines bureau to continue operations, it said in a statement to Australia's stock exchange.
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Its parent company Barrick Gold, the world's largest gold miner by production, said it would start talks with the Tanzanian government next week about an export ban which has helped wipe two-thirds of the stock's market value since it was announced in March.
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MEXICO CITY (Reuters) - The oil firm co-founded by the chairman of Canadian gold miner Goldcorp Inc wants to aggressively expand in Mexico in coming years, including a potential joint venture with state-owned Pemex, the company's director said in an interview on Wednesday.
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Goldcorp, the world's fifth-biggest gold miner by market value, has made several acquisitions and sales in the past two years, including the purchase last March of a 50 percent stake in the Cerro Casale gold in Chile, one of the world's largest undeveloped gold deposits.
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Chinese rebar steel futures rose more than 2 percent and iron ore on the Dalian Commodity Exchange gained 2.5 percent OZ Minerals Ltd closed 2.7 percent higher on firmer copper prices while gold miner Newcrest Mining Ltd closed 1.8 percent up despite mild profit-taking in gold.
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While gold has not done great further out from Yellen-era FOMC minutes, with the gold ETFs trading positive less than half the time in the 15 trading days after a statement, the trading return of both gold shares ETFs and gold miner ETFs has been, on average, positive.
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Goldcorp, the world's No. 163 gold miner by market value, is owed the largest amount, according to documents seen by Reuters, followed by Torex Gold Resources, a small, Toronto-based miner which began commercial production at its Mexico mine last year and is waiting on a refund of some $216 million.
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Passage of the new legislation also followed months of wrangling between the government and the country's biggest gold miner, London-listed Acacia Mining Plc, over mining contracts after Magufuli decided in March to ban exports of gold and copper concentrates to push for the construction of a domestic mineral smelter.
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Who's up and who's down Tech leaders Amazon (AMZN), Facebook (FB) and Netflix (NFLX) all helped lead the market lower Wednesday while stodgier companies like food companies Smucker (SJM) and General Mills (GIS), gold miner Newmont (NEM) and bargain retailers Dollar General (DG) and Dollar Tree (DLTR) finished the day higher.
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"We concluded many, many years ago that mining is hard enough and you only make life more complicated when you go into jurisdictions where there are a lot of geopolitical concerns," said Sean Boyd, Chief Executive of Agnico Eagle Mines, a gold miner with operations in Canada, Finland and Mexico.
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A reversal in economic policy in Australia that led to the country's first rate hike in a year this month also has kept downward pressure on the Australian dollar, which was helping some producers maintain margins as prices dropped, according to Jake Klein, executive chairman of Evolution Mining, Australia's second biggest gold miner.
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"When I see this stock taking punch after punch from the analysts and continuing to rally, that tells me RandGold is pretty much the only growth gold miner out there — the one the big boys can't get enough of, and they don't care one whit what Wall Street thinks of it," Cramer said.
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"It is fruitless to try to predict demand dynamics for gold — I always put my faith in a recovery driven by reduction in supply and I believe we will see the first signs of impending recovery in the second half of this year," said Vitaly Nesis, chief executive of Polymetal, a UK-listed gold miner.
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