Gold Stocks Rebound on Widening Chinese Trade Surplus
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 – 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 – Cost inflation, combined with a lower gold price, is forcing major producers to make some hard decisions.
Gold – Kinross and Barrick both announced multi-billion-dollar writedowns in the fourth quarter. Investors, however, see a silver lining in the bad news.
Gold – The fiscal cliff may have been averted, causing gold to spike, but it's not all good news for the precious metal, which lost ground on Thursday.
Gold – The approaching fiscal cliff and promising jobs data out of the United States conspired to pull down gold this week. A report from PwC, however, is bullish on the precious metal in 2013.
Gold – Harmony Gold Mining Company Ltd. (NYSE:HMY) announced that an underground explosion at its Joel mine, located near Theunissen, killed two contracting employees and injured two other workers.
Gold – Bloomberg reported that Harmony Gold (NYSE:HMY) said it is looking for alternative ways to secure electricity supply for its mine in South Africa.
Gold – Bloomberg reported that Harmony Gold (NYSE:HMY) said new projects could help it increase gold output by 150,000 ounces in 2013.
Platinum – IBTimes reported Harmony Gold's (NYSE:HMY) shares fell on Friday following the announcement gold and platinum production is down for the quarter.
Gold – Reuters reported that safety stoppages in South Africa hurt Harmony Gold's (NYSE:HMY) quarterly output.
Get our independent commentary on resource trends and companies delivered to your inbox.