A stronger dollar, helped by a decline in the number of Americans filing jobless claims, rising stocks markets and a breach of key chart levels, triggered heavy selling of US futures this week.
Gold – Gold companies enjoyed a lift from gold price gains on Wednesday, although some of that was given up Thursday with the release of positive US employment data.
Gold – Mining Weekly reported that Barrick Gold has reached an agreement in principle with the Dominican Republic in regards to the lease for Pueblo Viejo.
Gold – Cost inflation, combined with a lower gold price, is forcing major producers to make some hard decisions.
Gold – Goldcorp is sticking to its plan of increasing production while gradually bringing costs under control, the world's largest gold miner by current market value said Thursday in response to a negative earnings report.
Gold – Gold came roaring back this week, retracing about half of the losses it sustained on April 15.
Gold – Nevada is one of the world's most productive gold regions, and juniors are busy aiming to extend that legacy.
Gold – Reuters reported that Barrick Gold Corp.'s founder Munk is seeking help from former Goldman Sachs Group Inc. President John Thornton as they attempt to turn their company around.
Gold – Bloomberg reported that troubled gold miner Barrick Gold is considering the sale of three of their gold mines.
Gold – The Financial Post reported that the halting of production at Barrick Gold Corp.'s (TSX:ABX,NYSE:ABX) Pascua-Lama mine is continuing to cause problems for the company, with JPMorgan Chase & Co. (NYSE:JPM) downgrading the company's stock.
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