Healthy US retail sales figures boosted the US dollar this week and dragged gold down.
Articles Tagged "anglogold ashanti"
AngloGold Ashanti (NYSE:AU) announced strong first quarter earnings, despite a drop in gold prices.
Gold companies enjoyed a lift from gold price gains on Wednesday, although some of that was given up Thursday with the release of positive US employment data.
Mineweb reported that South African gold miners are feeling the crunch of operating in a cost-prohibitive environment, as gold prices sag. They are taking aggressive cost-cutting measures across the board.
Kinross and Barrick both announced multi-billion-dollar writedowns in the fourth quarter. Investors, however, see a silver lining in the bad news.
A Russian gold company the size of Goldcorp could be formed now that Russian billionaire Mikhail Prokhorov has sold a stake in the country's biggest gold miner.
Bloomberg reported that AngloGold Ashanti Ltd. (NYSE:AU) has overshot the estimated costs for its Tropicana mine by 13 percent.
Mining Weekly reported that AngloGold Ashanti had announced that Standard & Poor had maintained their BBB investment grade rating.
Mining Weekly reported that, as strikes are ending, and workers return to work , gold production at some mines is resuming in South Africa.
Bloomberg reported that wildcats strikers returned to work in AngloGold Ashanti's South African gold mines, as strikes are losing momentum under threats of dismissal.