The Globe and Mail reported that rapidly falling gold prices will mean bad news for industry players already battling cost overruns, asset writedowns and project cancellations.
Articles Tagged "gold miners"
Queenston Mining Inc. (TSX:QMI,OTCQX:QNMNF) announced drill results from their wholly owned AK Kirkland Lake property, and reported that they intersected high grade gold mineralization at a vertical depth of approximately 1,100 m.
Mineweb reported that Minera IRL (TSX:IRL, LON:MIRL) has received approval for its Environmental Impact Assessment and has taken significant steps forward with its gold/silver project in Argentina's Patagonia.
Mining Weekly reported that Gold Fields (NYSE:GFI) has told 15,000 illegally striking workers to return to work on Tuesday, or face termination.
Reuters reported that Newmont Mining (NYSE:NEM)'s production for Q3 has fallen by 6%, and are facing a record-setting $77 Million in charges associated with maintenance and restructuring.
Reuters reported that union gold miners in South Africa are demanding wages hikes, however, the industry's tight budget agreements do not expire until mid-2013.
Globe and Mail reported that new economic policies in Argentina could make it more difficult for gold and silver mining operations more to succeed.
Reuters reported that gold miners were leading a recovery in the TSX.
Reuters reported that gold companies are looking to offer better valuations to attract investors away from bullion and towards the miners themselves.
It has been a volatile week for gold prices, most heavily influenced on Wednesday after United States Federal Reserve Chairman Ben Bernanke gave no hints that a third round of quantitative easing was expected in the immediate future.