Surprising Gold Market Boosts Mining Stocks

They expected its price to continue drifting lower because of the mild inflation outlook and growing bullion production.``Everybody assumed it would just keep going down and down and down. But it didn't,'' said Frederic S. Bogart, head of precious metals for the Republic National Bank of New York.Instead,...

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Gold Mining Loses Its Shine on Rising Costs Zz Gold Fields Chief Calls for Collective Efforts to Save Industry

THE GOLD mining sector was "under water" and its troubles, with so many factors weighing against it, were just beginning, Gold Fields chief executive Nick Holland said last week."As of today, gold is at $1 300 [R13 000] an ounce and the gold industry is under water. The global gold industry is...

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Mining Battle Lines Drawn Zz Gold Mines Set for Strike after Talks Fail

Rumblings of lockouts by gold sector employers and resolutions to strike by trade unions culminated in a firm commitment to do battle by both parties as the deadline for a wage deal expired at noon yesterday."This is it. This is our final offer, we cannot afford an increase," Harmony Gold chief...

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