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gold mine

US MIDDAY: Gold falls
Markets

US MIDDAY: Gold falls

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

US MIDDAY: Gold range-bound

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

Gold miner Newmont's profit disappoints as pandemic hits output

  • 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.
Published 29 Apr, 2021 06:00pm
US MIDDAY: Gold gains
Markets

US MIDDAY: Gold gains

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

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

  • 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.
Published 20 Apr, 2021 05:27pm
China's net gold imports via Hong Kong steady in February
Markets

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

  • 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.
Published 25 Mar, 2021 09:00pm
US MIDDAY: Gold eases
Markets

US MIDDAY: Gold eases

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

Gold prices drop

KARACHI: Gold prices on Thursday saw a drop on the local market, traders said. After a slight decline of Rs350, the...
Published 26 Feb, 2021 05:20am
US MIDDAY: Gold jumps 1.5pc
Markets

US MIDDAY: Gold jumps 1.5pc

NEW YORK: Gold rose more than 1.5% to a near one-week high on Monday, despite a jump in US Treasury yields, as...
Published 23 Feb, 2021 05:20am