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(Reuters) - Newmont Mining Corp said on Friday it was aware that Canadian rival Barrick Gold Corp said it had studied an unsolicited buyout proposal for the company, a deal that would, if consummated, ...
Gold futures settled higher Friday as the dollar weakened, with bullion booking its second straight weekly gain, a day after the metal's largest one-day drop since August. April gold finished up $5, or 0.4%, at $1,332.80 an ounce, which helped it produce a weekly gain of 0.8%, according to FactSet data. The advance for the metal and the broader commodity complex has come amid apparent progress in talks between the U.S. and major natural resource importer China. Meanwhile, the dollar, as gauged by the ICE U.S. Dollar Index -- a measure of the buck against a half-dozen rival currencies -- was edging 0.2% lower at 96.44. A weaker U.S. unit can help commodities that are pegged in the currency climb.
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Thornton is executive chairman at Barrick Gold Corp., the world’s second-largest gold producer. On Friday, Barrick confirmed it is considering merging with Newmont Mining Corp., the biggest producer, in an all-share zero premium deal that would be the largest ever pulled off in the gold mining industry. While Barrick said no decision has been made, such a deal would serve as an enormous victory for Thornton, an ex-Goldman Sachs banker whose appointment to the top Barrick position in 2014 without mining experience was viewed skeptically within the tight-knit Canadian mining community.
Canadian gold miner Barrick Gold Corp said on Friday it has reviewed the possibility of a merger with rival Newmont Mining Corp in an all-stock transaction. The company said no decision had been taken ...
MUMBAI/BENGALURU (Reuters) - Physical gold demand in Japan slackened this week as prices rallied, while a market correction towards the latter half of the week lured some buyers back in India and Singapore. In Japan, the metal was sold at a discount of about 75 cents to the global benchmark price compared with 50 cents last week as demand was very weak, a Tokyo-based trader said. Gold priced in yen hit its highest since January 2018 this week.
The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy. THE GLOBE AND MAIL ** Barrick Gold Corp is mulling a takeover ...
Feb 22 (Reuters) - Borneo Oil Bhd: * JAN ORES MINED 11,371 MT, PRODUCTION OF GOLD DORE 28.75 OZ Source text: bit.ly/2EpbXe0 Further company coverage:
Canada's Barrick Gold Corp has studied a bid for Newmont Mining Corp as it looks for ways to boost production, Bloomberg reported https://www.bloomberg.com/news/articles/2019-02-22/barrick-gold-said-to-have-studied-offer-for-newmont-mining?cmpid%3D=socialflow-twitter-canada&utm_campaign=socialflow-organic&utm_content=canada&utm_source=twitter&utm_medium=social ...
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Venezuela's most successful financial operations in recent years have not taken place on Wall Street, but in primitive gold-mining camps in the nation's southern reaches. Since 2016, his administration has purchased 17 tonnes of the metal worth around $650 million from so-called artisan miners, according to the most recent data from the nation's central bank. This gold trade is a blip on international markets.
Venezuela's most successful financial operations in recent years have not taken place on Wall Street, but in primitive gold-mining camps in the nation's southern reaches. Since 2016, his administration has purchased 17 tonnes of the metal worth around $650 million (499 million pounds) from so-called artisan miners, according to the most recent data from the nation's central bank. This gold trade is a blip on international markets.
Newmont was most recently in the news for its decision to buy fellow gold miner Goldcorp (GG) in a $10 billion deal that Barron’s praised but markets disliked. Other bidders for Goldcorp look unlikely, and gold has plenty of fans that argue that the stocks are too cheap to pass up. On Thursday, Newmont said it earned 40 cents a share on revenue of $2.05 billion.
MediPharm Labs said it has entered into its first definitive international sales agreement with AusCann Group Holdings. Under the terms of the agreement, MediPharm will supply private-label, purified, pharmaceutical-grade cannabis oil concentrates or resin for export to Australia.
Malcolm Gladwell, the author of Outliers, would be proud of me, I think. One of the chart patterns I learned about was a "saucer bottom" and I discussed this base pattern in my class at Baruch College on Tuesday night. If you believe in fundamental analysis please keep an open mind and don't roll your eyes.
Signs the United States and China were tackling some of the stickiest issues in their trade war kept world shares near a four-month high on Thursday, though it could not prevent a favourite Chinese proxy, the Aussie dollar, hitting the skids. A mixed bag of economic data ranging from disappointing U.S. durable goods orders to slightly brighter French PMI data meant Wall Street was set for a more choppy start than had initially been expected. MSCI's main Asia-Pacific index had struck a new a 4-1/2 month high after sources told Reuters overnight that U.S. and Chinese negotiators were drawing up six "memorandums of understanding" to help ease their trade feud.
QuadrigaCX's "hot" wallets for bitcoin and ether have been nearly emptied, with the funds now held by court-appointed monitor EY.
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Asian shares pulled ahead to fresh 4-1/2-month highs and U.S. equity futures rose on a Reuters report that the United States and China have started to tackle the stickiest issues in their trade war. Spread-betters expect Frankfurt's DAX and Paris's CAC open up half a percent and 0.4 percent, respectively, and see London's FTSE basically flat.
Although a silver certificate dollar bill no longer can be exchanged for silver, the date, grade and unique features make certain certificates very valuable.
Asian shares pulled ahead to fresh 4-1/2-month highs on Thursday after the U.S. Federal Reserve affirmed it would be "patient" on further interest rate rises and as Sino-U.S. trade talks hinted of progress towards a deal in their tariff war. MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.4 percent to peak last seen in early October. Australian shares rose 0.8 percent while the Australian dollar seesawed in the wake of strong jobs data for January.