Europe’s leading bank, HSBC Holdings surged its 2009 gold price forecast to $925 from $875 an ounce on a combination of inflation-hedge demand, U.S. dollar weakness and stagnant mine output. James Steel, chief commodities analyst at HSBC, stated: Concerns that quantitative easing will lead to higher inflation have driven investor demand for gold. For full [...]
Barrick Gold Corp. declared a stronger-than-expected quarterly net profit on Thursday, giving its shares a boost, while the company’s chief executive forecast lower mining costs in the quarters ahead. For full story, click here
The World Gold Council has forecast that gold prices could soon touch the crucial $1,000 mark very soon due to surging production costs and dwindling supply. For full story, click here
Barrick Gold Corp. declared a stronger-than-expected quarterly net profit on Thursday, giving its shares a boost, while the company’s chief executive forecast lower mining costs in the quarters ahead. For full story, click here
By Kishori Krishnan Exclusive To Gold Investing News It is one big company and it has big ambitions. Africa’s largest gold producer, AngloGold Ashanti Ltd., is studying a A$520 million (US$ 426 million) mine development in Western Australia state with venture partner Independence Group NL. AngloGold, owner of a 70 per cent stake in the [...]
Shares in Central Rand Gold dipped 13 percent as the company’s operational update fails to assuage the market’s concerns over project execution risk, with Evolution Securities cutting its forecasts and target price. For full story, click here
Russian gold producer Peter Hambro Mining Plc. declared that it expected full-year production to be towards the upper end of its prior forecast as output for the first five months had been slightly above plan. For full story, click here
Canadian gold mining company IAMGold Corp. on Thursday raised its full-year output forecast to as high as 920,000 ounces. For full story, click here
Lihir Gold, the second-leading gold mining company on the Australian Stock Exchange, will take a one-time charge of as much as $350 million to cut the value of its Ballarat mine after slashing forecast output. For full story, click here
By Kishori Krishnan Exclusive To Gold Investing News Gold was softer on Monday but holding within reach of a seven-week high as inflation and economic fears boosted its appeal as a hedge against uncertainty. Spot gold bid at $928.50 an ounce in the early hours of Monday, compared with $930.70 late in New York on [...]
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