Detour Gold Corp., the operator of the Detour Lake mine in Ontario, slumped the most in more than six years after saying Gerald Panneton resigned as chief executive officer as it faces “near-term challenges.”
Agnico Eagle Mines Ltd., the fifth- biggest Canadian gold producer, surged the most in almost five years after the company reported earnings that beat analysts’ estimates and said 2013 production and costs will be better than it previously forecast.
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.
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.
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.