|Bid||8.76 x 36100|
|Ask||0.00 x 38500|
|Day's Range||8.61 - 8.83|
|52 Week Range||7.08 - 12.00|
|PE Ratio (TTM)||204.88|
|Forward Dividend & Yield||0.06 (0.74%)|
|1y Target Est||13.07|
Labor groups representing more than 60 percent of workers at AngloGold Ashanti Ltd., a major South African gold producer, signed a three-year wage deal with the company. The Association of Mineworkers and Construction Union, UASA and Solidarity unions said they accepted the deal Monday. The sides agreed to raise pay by 6.5 percent for the first year and increases at the same rate or inflation -- whichever is higher -- for each of the following two years, Solidarity General Secretary Gideon du Plessis said in a statement.
HALIFAX , Sept. 10, 2018 /CNW/ - Zonte Metals Inc. (ZON.V) ("Zonte" or the "Company") is pleased to provide an update related to its ongoing exploration program at the Cross Hills Iron Oxide Copper-Gold (IOCG) Project. Over the summer the Company completed additional exploration on the Cross Hills IOCG Project, including prospecting, mapping and additional high resolution ground magnetic surveys. Surface grab samples are presently in the laboratory and the Company is awaiting the results, which will be released once received and interpreted.
DAKAR, Aug 30 (Reuters) - Operations have resumed at AngloGold Ashanti's Siguiri gold mine in Guinea after a workers strike halted activities for a day, a company vice president said on Thursday. "There ...
AngloGold Ashanti Ltd. (AU) jumped 1.52% to $7.35 per share on the New York Stock Exchange on the heels of posting results for the first half of fiscal 2018 before the opening bell on Monday. The South African gold producer posted an outflow of $51 million for the first half versus an outflow of $161 million in the comparable period of 2017. Warning! GuruFocus has detected 3 Warning Signs with AU.
What Could Drive Newmont Mining Stock in the Rest of 2018? Newmont Mining is poised to overtake Barrick Gold as the world’s largest gold producer in 2018. For more on this, please read Barrick Gold versus Newmont Mining: Comparing Miners in 2018 and Beyond.
Three gold mining stocks are trading cheaply since their share prices are close to a 52-week low. Goldcorp is trading around $10.74 per share on the New York Stock Exchange. The current share price is only 36 cents above the 52-week low of $10.38 and nearly 45% below the 52-week high of $15.55.
Along with gold, gold miner stocks (GDX) (NUGT) are also seeing a lot of selling pressure lately. Gold equities are essentially a leveraged play on gold prices and as such, they usually move in the direction of gold prices with greater intensity. On August 15, the VanEck Vectors Gold Miners ETF (GDX) has lost 20.0% of its value YTD, almost double the losses seen by the SPDR Gold Shares ETF (GLD).
NEW YORK, NY / ACCESSWIRE / August 20, 2018 / AngloGold Ashanti Limited (NYSE: AU ) will be discussing their earnings results in their H1 Earnings Call to be held on August 20, 2018 at 9:30 AM Eastern ...
AngloGold Ashanti Ltd. swung to a profit and is in “good shape” before its incoming chief takes the helm, according to outgoing Chief Executive Officer Srinivasan Venkatakrishnan. Full-year production will be at the top end of the forecast range and costs are likely to be at the bottom of previous estimates, AngloGold said. The company has also started preparations to redevelop its idled Obuasi mine in Ghana after receiving government approvals.
Production growth is a crucial variable for miners. Barrick Gold (ABX) produced ~1.07 million ounces of gold in the second quarter, which reflects a decline of ~25.0% YoY (year-over-year). Barrick Gold (ABX) has maintained its production guidance of 4.5 million–5.0 million ounces of gold in 2018.
Canadian miner Barrick Gold Corp said on Monday its President Kelvin Dushnisky will step down and take the top job at South African gold producer AngloGold Ashanti Ltd. Dushnisky, who joined Barrick in ...
South Africa’s gold industry, once the world’s largest, faces an inevitable decline, according to the chairman of the country’s biggest producer of the metal by market value. Output will continue to shrink as miners chase ever-deeper ore bodies while struggling to keep costs down, said AngloGold Ashanti Ltd. Chairman Sipho Pityana. “Gold is a sunset industry,” Pityana said in an interview last week in Bloomberg’s Johannesburg office.
WallStEquities.com shifts focus on Gold, whose prices are influenced by numerous variables that include fabricator demand, expected inflation,return on assets,and central bank demand. Gold is strongly pegged to supply-and-demand patterns. In this morning's lineup are these four stocks: Alamos Gold Inc. (NYSE: AGI), AngloGold Ashanti Ltd (NYSE: AU), B2Gold Corp. (NYSE AMER: BTG), and Barrick Gold Corp. (NYSE: ABX).
Gold demand in India has been weak recently but we expect it to pick up in the latter half of the year on the back of festival and wedding buying.
As we’ve seen so far in this series, gold tends to influence the price movement of precious metal miners. In this article, we’ll take a look at the correlations of selected miners with gold. Gold is the most dominant of the precious metals, and silver, platinum, and palladium are known to closely track its trends.
Gold prices plunged to a six month low on a stronger greenback. However, all is not over for the yellow metal which is expected to rise again on the back of stronger demand.
Most mining companies with operations in South Africa are facing infrastructure issues and labor concerns. South African miners are also facing issues due to safety regulations at their mines following several accidents due to controllable and uncontrollable circumstances. This is also true of Gold Fields (GFI), which has mines in Ghana and South Africa.
HALIFAX , June 12, 2018 /CNW/ - Zonte Metals Inc. (ZON.V) ("Zonte" or the "Company") is pleased to provide an update related to its ongoing exploration program at the Cross Hills Iron Oxide Copper-Gold Project. Over the past several months, and as part of a larger program, Zonte has been carrying out high-resolution ground magnetometer surveys on select portions of the Cross Hills Project. The most recent area of focus has been about 12 kilometres south of Dunns Mountain, where the Company has previously identified a high-priority target.