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gold mine

Gold mine fire in Peru kills 27

Gold mine fire in Peru kills 27

Published 08 May, 2023 07:08am
LIMA: A fire in a small gold mine in southern Peru has left 27 people dead, authorities said on Sunday, in the...
US MIDDAY: Gold falls

US MIDDAY: Gold falls

Published 16 Jun, 2021 03:39am
NEW YORK: Gold fell on Tuesday as the dollar firmed and as markets weighed the chances that the US Federal Reserve...
US MIDDAY: Gold range-bound

US MIDDAY: Gold range-bound

Published 10 Jun, 2021 03:22am
NEW YORK: Gold held in a tight range on Wednesday as investors looked forward to US inflation data that could shape...
Gold miner Newmont's profit disappoints as pandemic hits output

Gold miner Newmont's profit disappoints as pandemic hits output

Published 29 Apr, 2021 06:00pm
  • Although massive stimulus measures and pandemic-led uncertainties have boosted prices of gold, COVID-19 curbs and increased costs related to ramping up sites have affected Newmont's bottomline.
  • Average realized price for gold jumped 10% to $1,751 per ounce in the quarter, as production fell 1.4% to 1.46 million ounces due to the sale of its Red Lake mine in Canada and virus-related disruptions at its Cerro Negro mine in Argentina.
US MIDDAY: Gold gains

US MIDDAY: Gold gains

Published 21 Apr, 2021 03:21am
NEW YORK: Gold prices rose on Tuesday as a drop in US Treasury yields lifted the non-yielding precious metal’s...
Alamos Gold's units to file $1bn investment treaty claim against Turkey

Alamos Gold's units to file $1bn investment treaty claim against Turkey

Published 20 Apr, 2021 05:27pm
  • Alamos, which has had an active presence in Turkey since 2010, said the claim that will be filed under the Netherlands-Turkey Bilateral Investment Treaty represents the value of the its Turkish assets.
  • The Canadian miner had halted construction work at its Kirazli project in western Turkey in October 2019, after the mining concessions expired and amid protests against the project.
Barrick Gold nears agreement to reopen Porgera mine

Barrick Gold nears agreement to reopen Porgera mine

Published 05 Apr, 2021 09:08pm
  • However, Marape said in October that Barrick Niugini Limited (BNL) was set to remain operator of the Porgera gold mine following talks with Barrick CEO Mark Bristow.
  • BNL is a joint venture company in which Barrick and Zijin Mining Group each own 50%.
China's net gold imports via Hong Kong steady in February

China's net gold imports via Hong Kong steady in February

Published 25 Mar, 2021 09:00pm
  • Net gold imports via Hong Kong to China, the world's top consumer of the metal, fell 0.2% to 4.192 tonnes in February, compared with 4.2 tonnes in January, the data showed.
  • "Import is still restricted. There were no quotas issued by People's Bank of China (PBOC) in February," Bernard Sin, Regional Director, Greater China at MKS Switzerland, said.
US MIDDAY: Gold eases

US MIDDAY: Gold eases

Published 18 Mar, 2021 03:56am
NEW YORK: Gold prices fell on Wednesday, weakened by elevated US bond yields and a firmer dollar, as markets turned...
Gold prices drop

Gold prices drop

Published 26 Feb, 2021 05:20am
KARACHI: Gold prices on Thursday saw a drop on the local market, traders said. After a slight decline of Rs350, the...
Gold holds in tight range in Europe

Gold holds in tight range in Europe

Published 25 Feb, 2021 04:58am
ROTTERDAM: Gold edged higher on Wednesday on a weaker dollar but the metal held in a tight range as investors...
US MIDDAY: Gold jumps 1.5pc

US MIDDAY: Gold jumps 1.5pc

Published 23 Feb, 2021 05:20am
NEW YORK: Gold rose more than 1.5% to a near one-week high on Monday, despite a jump in US Treasury yields, as...
Kibali's $500mn should be cleared to leave Congo next month

Kibali's $500mn should be cleared to leave Congo next month

Published 18 Feb, 2021 07:39pm
  • The gold miner has been in discussions with Democratic Republic of Congo over how to get the money out for more than a year.
  • With the new government now we're pretty sure that that blockage will be unblocked and we'll be able to go back to normal activities.
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