Falling Gold Prices Can Spell Bad News for Industry
Gold – The Globe and Mail reported that rapidly falling gold prices will mean bad news for industry players already battling cost overruns, asset writedowns and project cancellations.
Articles Tagged "gold miners"
Queenston Mining Intersects High-Grade at Kirkland Lake
Gold – Queenston Mining Inc. (TSX:QMI,OTCQX:QNMNF) announced drill results from their wholly owned AK Kirkland Lake property, and reported that they intersected high grade gold mineralization at a vertical depth of approximately 1,100 m.
Minera IRL Receives EIA Approval for New Mine
Gold – Mineweb reported that Minera IRL (TSX:IRL, LON:MIRL) has received approval for its Environmental Impact Assessment and has taken significant steps forward with its gold/silver project in Argentina's Patagonia.
Gold Fields Gives 15,000 Striking Workers Ultimatium
Gold – Mining Weekly reported that Gold Fields (NYSE:GFI) has told 15,000 illegally striking workers to return to work on Tuesday, or face termination.
Newmont Mining Faces $77 Million in Charges, Output Falls
Gold – Reuters reported that Newmont Mining (NYSE:NEM)'s production for Q3 has fallen by 6%, and are facing a record-setting $77 Million in charges associated with maintenance and restructuring.
South African Gold Miners Demand Wage Hikes
Gold – Reuters reported that union gold miners in South Africa are demanding wages hikes, however, the industry's tight budget agreements do not expire until mid-2013.
Argentina’s New Policies Cause Concern for Canadian Miners
Gold – Globe and Mail reported that new economic policies in Argentina could make it more difficult for gold and silver mining operations more to succeed.
Recovering TSX Led By Gold Companies
Gold – Reuters reported that gold miners were leading a recovery in the TSX.
Gold Miners Look for Investment in Companies over Bullion
Gold – Reuters reported that gold companies are looking to offer better valuations to attract investors away from bullion and towards the miners themselves.
Gold Price Lower on Federal Reserve Comments
Gold – It has been a volatile week for gold prices, most heavily influenced on Wednesday after United States Federal Reserve Chairman Ben Bernanke gave no hints that a third round of quantitative easing was expected in the immediate future.
