Strong US Dollar Hurting Gold
Healthy US retail sales figures boosted the US dollar this week and dragged gold down.
Articles Tagged "anglogold ashanti"
AngloGold Ashanti Beats Guidance on Cash Costs and Increases Production for Strong Q1 Results
AngloGold Ashanti (NYSE:AU) announced strong first quarter earnings, despite a drop in gold prices.
Gold Stocks Rebound on Widening Chinese Trade Surplus
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.
Major South African Miners Focus on Agressive Capex, Cost Cuts
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 Takes $3-billion Punch on Tasiast Writedown
Kinross and Barrick both announced multi-billion-dollar writedowns in the fourth quarter. Investors, however, see a silver lining in the bad news.
Russian Gold Company Merger in the Offing
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.
AngloGold Ashanti’s Tropicana Mine Will Cost Up to 13 Percent More Than Forecast
Bloomberg reported that AngloGold Ashanti Ltd. (NYSE:AU) has overshot the estimated costs for its Tropicana mine by 13 percent.
S&P Maintains AngloGold Ashanti’s BBB Rating
Mining Weekly reported that AngloGold Ashanti had announced that Standard & Poor had maintained their BBB investment grade rating.
Gold Production Resumes Post-Strike in South African Gold Mines
Mining Weekly reported that, as strikes are ending, and workers return to work , gold production at some mines is resuming in South Africa.
AngloGold Ashanti’s Striking Workers Return to Work
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.
