citing the fact that the company holds no debt and managed to replace all the ounces it mined in 2014 at $1,000 long-term gold price . It also increased its dividend 20 percent. Despite bullion’s price hovering just above the relatively low $1,230 range
LONDON, Feb 20 (Reuters) - Platinum's discount to gold hit its highest level on Friday since the gold price crash of April 2013, as concerns over the euro zone outlook lifted demand for the yellow metal as a haven, while dampening sentiment towards platinum.
above $1,000 per ounce. In our view, this gives the company a better cushion to generate free cash flow at today’s gold prices . The company upgraded its 2015 outlook, raising attributable production guidance to 4.6 million-4.9 million ounces
Feb 19 (Reuters) - Newmont Mining Corp, the U.S.'s largest gold producer, reported on Thursday a narrower adjusted fourth quarter profit, though earnings were stronger than expected.
the company’s plans to sell Porgera and Cowal can generate almost all of the reduction if the company can get fair value for these assets. However, we note that continued gold price volatility could impact the sales process.
LONDON, Feb 19 (Reuters) - ICE Benchmark Administration (IBA) will run an electronic gold price benchmark from March 20 to replace the century-old London process known as the "fix", the London...
LONDON, Feb 19 (Reuters) - ICE Benchmark Administration (IBA) will run an electronic gold price benchmark from March 20 to replace the century-old London process known as the "fix", the London Bullion Market Association (LBMA) said on Thursday.
million loss, including USD 265 million in pretax non-cash asset impairments--a marking-to-market for lower copper and gold prices . Disappointingly, there was no final dividend despite USD 123 million in operating cash flow and negligible net debt of
mine, it is unlikely that Zijin Mining will return to industry-leading profitability. Moreover, with current copper and gold prices near our long-term price forecast, near-term catalysts appear elusive. With its Hong Kong-listed shares trading 30
GRAPHIC: Chinese gold demand: http://link.reuters.com/cev93w By Ryan Woo and Patturaja Murugaboopathy Feb 13 (Reuters) - Stock valuations of gold miners in China, the world's largest producer of the metal, have climbed to multi-year highs, a surprise on the face of it given that the country's ...