Gold – Gold prices finally saw some gains following a resolution to the 2-week-old US debt ceiling crisis.
Articles Tagged "NYSE:HMY"
Gold – Bloomberg reported that Harmony Gold Mining (NYSE:HMY) reported a deep quarterly loss in the second quarter of 804 million rand ($80 million), building on a 202 million rand loss in the previous quarter, due in part to their Hidden Valley Mine write down.
Gold – Gold investors held on for a long, scary ride in the markets on Thursday as gold broke through $1,300 an ounce and plumbed two-and-a-half-year lows.
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.