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Posts related to ‘gold mining’

Gold and Silver

After Price of Gold Tanks, Bank of America Slashes Gold Target

Posted: April 18, 2013 at 10:00 am

The gold bugs are getting crushed ever harder as the price of gold is now well into a bear market. Gold is losing its biggest bulls on top of the ...
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underground mining

Glencore’s CEO Weighs In on Mining’s Future

Posted: February 26, 2013 at 10:50 am

We have already covered the sea change that is washing over the mining industry. Where past practice has been to invest heavily in new assets with the strategy that growth ...
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underground mining

Deutsche Bank Cuts 2013/2014 Price Targets for Gold and Silver

Posted: January 8, 2013 at 9:28 am

Deutsche Bank A.G. (NYSE: DB) has joined a growing list of investment banks cutting their forecasts on precious metals for 2013 and 2014. By cutting their estimates for gold and ...
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gold bars nuggets

Kinross Gold Denies Mexican Joint Venture Deal

Posted: December 28, 2012 at 7:14 am

Two days ago, a mining company named Southridge Enterprises Inc. (SRGE) issued a press release announcing a joint venture with gold miner Kinross Gold Corp. (NYSE: KGC). Only thing is, ...
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Freeport’s Results Weaker Than Expected

Posted: October 22, 2012 at 8:54 am

Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) reported third-quarter results before markets opened this morning. The mining firm posted adjusted diluted earnings per share (EPS) of $0.86 on revenues of ...
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Gold Miners in Flux (ABX, GG, NEM, KGC, AUY, FCX)

Posted: May 2, 2012 at 9:37 am

Gold has been trading in a fairly narrow range between $1,600-$1,700/ounce for the past two months after ending 2011 at around $1,525/ounce. Gold prices spiked to near $1,800/ounce in February, ...
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Faltering Kinross Gold May Be Buyout Target (KGC, NEM, ABX, GG, AU, GLD)

Posted: January 20, 2012 at 12:17 pm

Earlier this week, Kinross Gold Corp. (NYSE: KGC) released a preliminary statement on 2012 production, mining costs, and a writedown a portion of $4.6 billion in goodwill on an African ...
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Comex Raises Copper Margin Requirements — Gold & Silver Next? (CME, FCX, SCCO, NEM, ABX, SLW, JJC, GLD, GDX, GDXJ, SIL)

Posted: October 6, 2011 at 12:43 pm

In what appears to be a counterintuitive move, CME Group (NASDAQ: CME) today raised its margin requirements for copper futures contracts. The requirement rose by 15%, from $6,750 to $7,763 ...
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Gold Miners Outshine Copper Miners (RIO, BHP, VALE, FCX, SCCO, NEM, ABX, AUY, SLW, GLD, GDX, SLV, SIL)

Posted: September 22, 2011 at 8:22 am

At yesterday's meeting for investors, Rio Tinto plc (NYSE: RIO) offered a subdued forecast for the iron ore and copper markets going forward. There was some upbeat talk about new ...
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NovaGold Might Have Struck it Rich (NG, TCK, GDXJ, GLD)

Posted: August 1, 2011 at 12:48 pm

NovaGold Resources Inc. (AMEX: NG)may have struck it rich.  Last month when we looked at value in gold mining stocks, NovaGold was among the group.  We noted at the time ...
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Rising Gold Production Cost, Very Uneven From Miner To Miner (ABX, NEM, AU, GFI, HMY, GDX, GDXJ, GLD)

Posted: June 22, 2011 at 2:03 pm

One of the major caveats related to gold mining and gold prices has been the rising cost of production. Higher labor costs, higher energy costs, and lower grade ores have ...
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Gold Miners Looking Forward to 2011 (ABX, KGC, AU, NEM, GG, GLD, GDX, GDXJ)

Posted: February 17, 2011 at 9:41 am

Earnings are out for three large gold miners, and the reviews are mixed. Barrick Gold Corp. (NYSE: ABX), Kinross Gold Corp. (NYSE: KGC), and AngloGold Ashanti (NYSE: AU) have all ...
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