gold miners

9 news results for the tag: gold miners.

Shares of gold-mining companies rise on expectations of higher demand, tighter supply

May 21st, 2008

Shares of gold-mining companies gained Tuesday after an analyst said the precious metal appeared set for benefit from tight supply and growing demand.
Goldman Sachs analyst Oscar Cabrera said in a client note that “policy-driven investment constraints and geopolitical concerns impeding the free flow of capital across the commodity complex together with strong demand from (Brazil, [...]

Gold-mining companies’ shares rise with price of the precious metal

May 9th, 2008

Shares of gold mining companies rose Thursday as the broader stock market gained and the price of the precious metal increased.
Gold for June delivery rose $10.90 to settle at $882.10 an ounce on the New York Mercantile Exchange.
Here is how some gold miners are trading:
Goldcorp Inc. rose $2.51, or 6.7 percent, to $39.89.
Gold Fields Ltd. [...]

Shares of Gold Miners Mixed Shortly After Opening Bell As the Price of the Metal Edges Higher

April 7th, 2008

Shares of gold-mining companies were mixed shortly after the opening bell Monday as the price of the precious metal edged up in European trading.
Gold traded in London at $914.70 per troy ounce, up from $906.30 late Friday.
How shares of some key gold miners fared in early trading:
Newmont Mining Co. rose 80 cents to $47.64
Barrick Gold [...]

Anglogold eyes uranium potential in Australia

August 8th, 2007

Booming uranium prices could tempt Anglogold Ashanti Ltd. , the gold mining arm of Anglo American , into uranium exploration in Australia, a company executive said on Wednesday.
Anglogold, which already mines some uranium as a by-product from gold mines in South Africa, was looking at the potential for yielding uranium from the Tropicana gold prospect [...]

DRDGold mine strike

February 16th, 2007

DRDGold Ltd, South Africa`s fourth largest goldminer, has announced that a three-day illegal strike over pay has brought Blyvooruitzicht, its largest mine, to a halt with some groups of workers calling for a pay increase of up to 40%.
Company spokesman Ilja Graulich said that the disruption at Blyvooruitzicht, DRDGold`s only remaining South African underground [...]

Colombia coal mine explosion kills 32

February 4th, 2007

An explosion tore through a makeshift coal mine in remote northeast Colombia on Saturday, killing 32 miners, a civil defense official said.
Rescue crews had located the bodies buried more than 1,300 feet below ground but were unable to safely remove them, said Yesid Arias, who was helping to coordinate the operation.
Officials had previously reported that [...]

Peter Hambro shares higher as gold output beats forecasts

January 22nd, 2007

Peter Hambro Mining, one of the biggest gold miners in Russia, said on Monday that gold production had risen 5 per cent to 261,000 ounces in 2006 while realised gold prices increased by 33 per cent to $586 an ounce.
The UK-listed miner said the rise in output had exceeded its expectations and the outlook for [...]

Nevada Leads Nation in Mining Claims

December 15th, 2006

A new report being released today shows metal mining claims on federal lands in the West have increased almost 50% in the past four years.
An environmental advocacy group says its review of Bureau of Land Management records found that the number of metal mining claims jumped from 220,000 at the end of 2002 to almost [...]

Merrill’s Hambro Tops Mining Funds on `Small-Caps’

August 2nd, 2006

For Evy Hambro, who manages the world’s biggest mining fund at Merrill Lynch & Co., small is profitable.
Hambro steered the $6.6 billion fund to the best performance this year among 270 peers tracked by Standard & Poor’s by increasing investments in small and mid-sized companies. Shares of Hambro’s top performers, Perilya Ltd. of Australia and [...]