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gold miner

Gold rally cools

Gold rally cools

NEW YORK: Gold steadied on Friday, paring gains from a more than 1% rally fuelled by a miss in the US jobs data, as...
Published 09 Oct, 2021 04:10am
Gold prices slip in Asia
Markets

Gold prices slip in Asia

SINGAPORE: Gold prices slipped in Asian trade on Thursday, weighed down by a stronger dollar after minutes from the...
Published 09 Jul, 2021 04:25am
Barrick Gold profit beats expectations as copper, gold prices surge
Business & Finance

Barrick Gold profit beats expectations as copper, gold prices surge

  • Barrick's first-quarter gold production fell to 1.10 million from 1.25 million ounces due partly to lower grades at its Pueblo Viejo mine in Dominican Republic.
  • Adjusted profit rose 78% to $507 million in the quarter ended March 31, from $285 million a year earlier, and Barrick announced a 9 cent per share quarterly dividend.
Published 05 May, 2021 05:42pm
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
Newmont quarterly profit doubles as gold prices shine
Business & Finance

Newmont quarterly profit doubles as gold prices shine

  • he miner said averaged realized gold price jumped 25% to $1,852 per ounce in the quarter, while attributable gold production fell about 11% to 1.6 million ounces.
  • The company cited the sale of Red Lake and Kalgoorlie, and lower production at Cerro Negro for the drop in production.
Published 18 Feb, 2021 06:13pm
Spot gold may retest support at $1,810
Markets

Spot gold may retest support at $1,810

  • The low at $1,764.29 may be revisited either this week or next week. A break above $1,839 could lead to a gain to $1,862. On the daily chart, gold is riding on a wave C from $1,959.01.
Published 18 Jan, 2021 11:08am