Articles Tagged "hedge"

IAMGOLD reports filing in France of cash bid

IAMGOLD Corporation reports that it has filed a draft tender offer in France that will provide for an all cash offer for Euro Resources. EURO currently has a participation right royalty on production from IAMGOLD’s Rosebel gold mine that entitles EURO to payments of 10% of the gold price above US$300/oz for production from soft rock and [...]

Gold recovers as oil climbs, dollar retreats

Reuters reports the price of gold recovered in Europe as rising oil prices lifted the metal and the dollar slipped from a 6-month high against the euro. Gold <XAU=> climbed back up to $823.50/824.50 an ounce at 1346 GMT from $820.20/821.40 an ounce late in New York on Monday. VM Group analyst, Matthew Turner says: “Everything is being led [...]