Saturday, July 30, 2016

'Sell everything,' DoubleLine's Gundlach says

NEW YORK (Reuters) - Jeffrey Gundlach, the chief executive of DoubleLine Capital, said on Friday that many asset classes look frothy and his firm continues to hold gold, a traditional safe-haven,...


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Friday, July 29, 2016

Solid Gold Rising Star On A Roll

Bill Beament's mining firm, close to meltdown a decade ago, is good as gold.

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BRIEF-Lundin Gold qtrly loss per share $0.12

* Says offering for aggregate gross proceeds of cad$82,500,000


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CANADA STOCKS-TSX gains on resource rebound; posts small weekly loss

TORONTO, July 29 (Reuters) - Canada's main stock index rose on Friday, as its large energy sector recouped some losses from earlier in the week with oil prices steadying, and miners gained with gold trading at a three-week high.


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DoubleLine's Gundlach says market frothy, says 'nothing looks good'

NEW YORK (Reuters) - Jeffrey Gundlach, the chief executive of DoubleLine Capital, said on Friday that many asset classes look frothy and his firm continues to hold gold, a traditional safe-haven,...


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UPDATE 1-DoubleLine's Gundlach says market frothy, says 'nothing looks good'

NEW YORK, July 29 (Reuters) - Jeffrey Gundlach, the chief executive of DoubleLine Capital, said on Friday that many asset classes look frothy and his firm continues to hold gold, a traditional...


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UPDATE 1-DoubleLine's Gundlach says market frothy, says 'nothing looks good'

NEW YORK, July 29 (Reuters) - Jeffrey Gundlach, the chief executive of DoubleLine Capital, said on Friday that many asset classes look frothy and his firm continues to hold gold, a traditional safe-haven, along with gold miner stocks.


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Gold Extends Early Gains As U.S. Dollar Index Hammered Lower

Gold prices saw a modest boost after a much-weaker-than-expected U.S. GDP report, but then those gains were extended when the U.S. dollar index slumped to sharply lower levels on the day and hit a nearly four-week low.

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UPDATE 1-Forex, gold drive Swiss National Bank to 21.3 bln franc H1 profit

ZURICH, July 29 (Reuters) - Switzerland's central bank on Friday reported a net profit of 21.3 billion Swiss francs ($21.8 billion) for the first half of 2016, boosted by strong profits from its...


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Thursday, July 28, 2016

BRIEF-Premier Gold Mines to buy Mercedes Mine from Yamana Gold Inc for $140 mln

* Signs definitive agreement to purchase Mercedes Mine from Yamana Gold Inc.


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BRIEF-Premier Gold Mines to buy Mercedes Mine from Yamana Gold Inc for $140 mln

* Signs definitive agreement to purchase Mercedes Mine from Yamana Gold Inc.


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BRIEF-Yamana Gold declares Q3 dividend of $0.005 per share

* Says declares a q3 2016 dividend of $0.005 per share Source text for Eikon: Further company coverage: )


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BRIEF-Yamana Gold Q2 EPS $0.03 from continuing operations

* Qtrly total gold production of 313,086 ounces at by-product cash costs and all-in sustaining costs per ounce of $664


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UPDATE 1-Gold miners keep chipping at costs, debt even as profits climb

TORONTO/VANCOUVER July 28 (Reuters) - Gold bullion prices have increased 26 percent this year, but the world's biggest gold miners are paring costs and selling assets to lower debt despite the windfall rather than boosting spending.


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Gold Up, But Down From Daily High, Post-FOMC

Gold prices ended the U.S. day session modestly higher but down from the session high after hitting a two-week high overnight.

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UPDATE 1-Kinross gets Maricunga "expressions of interest"-CEO

* Kinross Gold Corp has received unsolicited expressions of interest for its Maricunga gold mine in Chile, says CEO


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For Sale: Half One Of The Biggest Holes In The Earth's Surface

What price half a hole in the ground? Not half of any hole, half of one of the world's biggest in the form of the Kalgoorlie Superpit goldmine in Australia which is being offered for sale by Canada's Barrick Gold. Keen to slash its $9 billion debt burden by $2 billion this [...]

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Wednesday, July 27, 2016

UPDATE 2-Kinross Gold expects to suspend Chilean mine in 4th qtr

July 27 (Reuters) - Kinross Gold Corp said on Wednesday it expected to suspend operations at a Chilean gold mine in the fourth quarter as it posted a second-quarter loss that exceeded forecasts.


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