TOP STORIES | Thursday , 08 Nov 2012
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While
Marc Faber feels that President Obama's re-election is a disaster for
business, U.S. gold analyst Jeff Nichols reckons it sets the scene for a
big kick up in the gold price. Thursday , 08 Nov 2012 |
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But
those people who buy gold tend to fear for the future, and they fear
the change it might bring. At the very least they are anxious, says
Adrian Ash. Thursday , 08 Nov 2012 |
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While
Centerra Gold reported substantial losses during 2012, the company also
offered some good news regarding a 58% reserve increase at its flagship
Kumtor Mine. Thursday , 08 Nov 2012 |
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"We
are in the middle of a review of our South African operations and there
is no doubt that we are going to have to do some restructuring work,"
says CEO Mark Cutifani. Thursday , 08 Nov 2012 |
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Pan
American Silver's board has approved a 5-cent per share cash dividend
for the fourth quarter, payable on or about Dec 3, 2012. Thursday , 08 Nov 2012 |
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Kinross
expects to be toward the higher end of its 2012 production forecast, as
well as its 2012 cost of sales forecast of $690-$725 per gold
equivalent ounce. Thursday , 08 Nov 2012 |
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Goldcorp
has been creeping up on Barrick Gold for years, but this week was the
first time the smaller producer surpassed the leading gold miner in
terms of market capitalization. Thursday , 08 Nov 2012 |
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Precious
metals producer Pan African Resources plans to raise R700 million in a
rights offer of 25.5 new shares for every 100 shares held. Thursday , 08 Nov 2012 |
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Randgold's
shares marked down sharply after what appears to be a disappointing
quarter following on a record Q2, but perhaps not too much should be
read into the seemingly poorer figures. Wednesday , 07 Nov 2012 |
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