Anita Soni News
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Newmont Mining Corp., the largest U.S. gold producer, reported third-quarter profit that missed analysts’ estimates after costs increased more than expected.
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Kinross Gold Corp.’s switch to a new chief executive officer is fueling speculation Canada’s fourth- biggest gold miner will be broken up or sold.
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Barrick Gold Corp. is poised to resume its focus on gold after firing Chief Executive Officer Aaron Regent, who failed to boost the share price by expanding into copper with the acquisition of Equinox Minerals Ltd.
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Kinross Gold Corp., a Canadian gold producer that has lost almost a third of its value this year, fired Chief Executive Officer Tye Burt and promoted another investment banker, J. Paul Rollinson, to replace him.
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Barrick Gold Corp. Chief Executive Officer Jamie Sokalsky makes his public debut tomorrow as head of the world’s biggest gold company battling rising costs, a decline in profit and a sluggish price for the metal that can no longer paper over the industry’s struggles.
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Newmont Mining Corp., the largest U.S. gold producer, reported second-quarter profit that missed analysts’ estimates as costs were higher and production declined more than projected.
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Canadian stocks fell for a third day as fuels retreated on forecasts for warmer U.S. weather and metals dropped on speculation China may boost interest rates.
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Canadian stocks fell as Kinross Gold Corp. plunged after saying it expects to record a goodwill writedown on its Tasiast mine in Africa and banks slipped as Citigroup Inc. reported a decline in profit.
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Goldcorp Inc. , the world’s second- largest producer of the metal by market value, returned to profitability in the second quarter as the price of the metal rose to a record and output climbed.
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Canadian stocks rose, completing the biggest three-day climb since the beginning of the bull market, as energy and financial shares advanced after the U.S. reported a decline in initial jobless claims.
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