Goldman tells miners to hedge production
Gold mining companies should lock in 2013 prices by hedging their production as all signs point to further declines in the yellow metal in coming months.
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News
Barrick Gold shareholders want new board
Barrick Gold’s shareholders and investors are reportedly pressing for a swift change in the board, which would include bidding farewell to the company’s founder Peter Munk.
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Shanta Gold boosted by forward sales
Shanta Gold posted its first meaningful revenues as its ramped up production from its New Luika gold mine in Tanzania.
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Barrick under pressure after price drop
Barrick Gold Corp. said Tuesday it is working to strengthen its governance practices and is looking to add new independent directors to its board.
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Anglo American pulls out of Alaska
Anglo American withdrew on Monday from plans to develop vast open-pit gold and copper mines in one of the last big wild salmon runs in Alaska’s Bristol Bay.
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Hedge fund urges breakup of Barrick Gold
A small, U.S. hedge fund wants to break up Canadian mining giant Barrick Gold, saying its collection of mining assets is spread out over too broad of a geographic area.
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Weaker gold prices seen for next week
The gold market is expected to fall next week, with participants in the Kitco News Gold Survey basing their views on what action they think the Federal Reserve will take.
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Goldman Sachs: Gold could drop to $1,000
Gold is poised to extend declines as the U.S. Federal Reserve withdraws stimulus and economic data improve, according to Goldman Sachs Group Inc.
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Will gold follow its seasonal pattern?
Frank Holmes: I often talk about how the gold trade is really two separate trades. There’s the Fear Trade that buys gold out of fear of war or poor government policies.
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Canadian miner says Romania will be sued
Gabriel Resources Ltd. will sue the Romanian government for billions of dollars if parliament next week votes to kill the Canadian company’s Rosia Montana mine.
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