Gold – Gold prices have risen sharply but gold miners' shares haven't kept pace. Some argue the gap is set to close.
Articles Tagged "newmont"
Nickel – Bloomberg reported Indonesia's new law regarding foreign ownership isn't slowing companies from investing in the mineral rich nation.
Gold – Mineweb reported that Pilot Gold (TSX:PLG) is drawing comparisons between its Kinsley project and Newmont's (NYSE:NEM) large Long Canyon deposit.
Gold – Reuters reported that the CEO of Newmont (NYSE:NEM) sees gold prices to trade between $1350 and $1500 per ounce in 2011.
Gold – Increased mergers and acquisitions (M&A) activity is expected to be a big driver of gains in junior gold mining shares.
Gold Investing News reports gold price almost approaching the $1,000 level. Spot gold earlier fell to its lowest since May 28 of $951.50 per ounce. But it was up 0.4 per cent at $958.90 per ounce, compared with New York’s notional close of $955.30 on Friday. U.S. gold futures for August delivery trimmed earlier losses of [...]
Gold Investing News reports a deal between Centerra Gold, a Canadian company and Kyrgyzstan’s lawmakers. The settlement will raise the state’s share in Canada-based Centerra Gold Inc. (CG.TO), which owns the lucrative Kumtor mine, to 33 per cent from 15.7 per cent previously. In addition to increasing Kyrgyzstan’s role in the Kumtor project, the $100 [...]
Gold Investing News reports gold rallying under pressure from the stock market. On Thursday, the metal broke below its 100-day moving average at $885, and sell stops were triggered. “The close below $885 could indicate more pressure to come over the next couple of sessions, with $869 the next support level. It’s seeing some technical selling,” [...]
Gold Investing News reports the US dollar’s rally has hit gold price. The yellow metal often moves inversely to the U.S. dollar because gold is seen as an alternative to the greenback. The dollar advanced against its major rivals Friday in New York as the rally in riskier currencies broke down ahead of key policy [...]
Gold Investing News reports AMI Resources Inc., a Canadian exploration and development stage company. AMI Resources Inc. is a Vancouver, British Columbia based exploration and development stage company, which through its wholly owned operating subsidiary (Norcan Mining Corp.), has elected to concentrate its exploration activities in Ghana, West Africa. For complete story, click this link. [...]