SYDNEY, May 26 (Reuters) - Gold miners are spearheading a wave of merger and acquisition activity in Australia, riding a rebound in local gold prices to pounce on projects promising quick...
it as secular very much in the way that we experienced the price of gold between, let’s say, the 1980s and 1990s? A: I think that we ..... That’s been a much different factor in driving the price of gold . The other thing that’s been fascinating is this shift
may be boosted by opinion polls suggesting support for last week's Federal Budet proposals, as well as firmer copper and gold prices . The local share price index futures rose 2 points to 5749.0, a 13.5-point premium to the underlying S&P/ASX 200
opportunities will dry up, making us skeptical that AngloGold's free cash flow generation will significantly improve without higher gold prices . The company maintained its full-year guidance for 4.0 million to 4.3 million ounces at AISC of $1,000 to $1,050
Australian shares are expected to open slightly lower on Tuesday, tracking weakness on Wall Street and falling oil and gold prices while many investors may stay on the sidelines ahead of the federal budget due later in the day. The local share price index
* Jobs report prompts investor short-covering (Adds comment, byline, NEW YORK dateline; updates prices)
May 7 (Reuters) - Gold miner Randgold Resources Ltd said its first-quarter profit from mining fell 16 percent, hurt by lower gold prices and reduced production.
113 per ounce. However, the company's realized average gold prices were only $1,221 per ounce during the quarter, weighing ..... per share from $2.80 per share to account for lower spot gold prices . We are also lowering our Canadian dollar-denominated fair
EBIT margins near 20%. Our AUD 1.70 per share fair value estimate stands, assuming an unchanged USD 1,200 per ounce gold price (2015 dollars) and an average Australian dollar/U.S. dollar exchange rate of 0.75. The longer-term cost outlook
in production. We note the share price decline was exaggerated by a sectorwide decline due to a concurrent 2% fall in the gold price . Nevertheless, we think this only increases the attractiveness of Goldcorp shares. Unlike many gold miners, we expect