North American gold producers are expected to see a fall in earnings per share of between 7 and 15 percent when they report their fourth-quarter results, according to a report by Macquarie Equities Research quoted by Mineweb.
Articles Tagged "gold producers"
China, Australia and the United States were the top bullion producers in 2012.
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.
Gold Investing News identifies the top-ranked countries and their gold reserves for 2011.
The world's top ten gold producers span the globe, much like the metal's admirers.
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.
Bloomberg reported that gold miners in South Africa are posting gains as the value of rand sinks.
Strong supply and demand fundamentals give long-term bullish gold outlook.
This week mid-tier gold miner AuRico Gold Inc. announced a $1.46-billion deal to buy Northgate Minerals Corp. eliminating a prior merger offer from Primero Mining Corp.
Gold mining companies have had more in common with struggling S&P 500 than with the safe haven metal, though this may change in the near future.