Gold Mining Company

AngloGold (NYSE: AU) Commits to Tropicana Gold Project

AngloGold Ashanti Ltd. (NYSE:AU) announced it’ll begin working on its Tropicana gold project in Western Australia, now that a deal has been reached with mining companies in Australia over the super tax. The new so-called resources tax will entail only coal and iron ore, making the company change its mind over the project. Many mining companies had decided to stop, delay or ignore Australia when

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Gammon Gold (NYSE:GRS) Reduces Production Projections Again

Gammon Gold (NYSE:GRS) is taking a big hit on its production estimates for 2010, as closing the El Cubo project will result in approximately 25 percent less production for the company overall. This is the second time in 2010 Gammon has had to downwardly revise their production estimates. Before the turmoil, the mining company had estimated it would produce from 150,000 to 160,000 ounces of gold

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Allied Nevada Gold’s (AMEX:ANV) Relentless Upward Run Continues

Allied Nevada Gold (AMEX:ANV) over the last year is up almost 300 percent, and they continue on their upward move, finishing an otherwise lackluster week in a big way.Like most gold miners, they plunged last Monday as traders took their profits from the record-breaking gold prices the week before, and were level through Thursday before the big rebound on Friday, where gold prices were testing

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Barrick Gold (NYSE:ABX) Upgraded by Credit Suisse (NYSE:CS)

Large gold miners have been doing well so far in 2010, and Barrick Gold (NYSE:ABX) has steadily moved up, capturing the attention of Credit Suisse (NYSE:CS), who upgraded the giant gold miner from “Neutral” to “Outperform.” The price target for Barrick was also raised at Credit Suisse, from $47 to $54. Barrick has had a 52-week range of $30.67 to $48.02, and as of 2:07 PM EDT, was at $45.24, a

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NovaGold Resources (NYSE:NG) Soars on Gold Prices

Although well off its 52-week high of $9.18, NovaGold Resources (NYSE:NG) was among the gold mining leaders on Friday, surging to close at $7.36, a $0.45 gain, or 6.51 percent. NovaGold attained its high at the beginning of May. Hedge fund managers John Paulson and George Soros have both expressed deep interest in the company, investing at least $175 million combined in the gold mining company,

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Newmont Mining (NYSE:NEM) Continues Upward Run

Gold prices continue to break records, and Newmont Mining (NYSE:NEM) is moving along with them, as the company moved to a new peak on Friday, the third day in a row the company has done that. Newmont rose to $61.57 as of 2:23 PM EDT, gaining $1.89, or 3.17 percent. The all-time high for the stock is $62.70, which the gold miner is expected to break through, although they could experience a slight

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Randgold (NASDAQ:GOLD) Near 52-Week High

Several gold mining stocks are closing in on 52-week highs, including the increasingly popular Randgold Resources (NASDAQ:GOLD).Randgold jumped to an early start today, climbing quickly by 2 percent, and it has pretty much held there all day.The gold miner continues to flirt with the $89 mark, going back and forth just under or over it.It seems the resistance is at about $91, and if the company

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Eldorado Gold (NYSE:EGO) Pulls Back

Eldorado Gold (NYSE:EGO) gave up some of its recent gains today, as gold prices in general were down after recent record-breaking prices. They closed the session in New York at $17.28 a share, a decline of $0.32, or 1.82 percent. They were down further in after hours trading. This isn’t surprising as they’re standing near to their 52-week high, and will have downward pressure when temporary

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Barrick Gold (NYSE:ABX) Falls on Perceived EU Stability

Barrick Gold (NYSE:ABX) dropped in New York today as the perception or temporary response to the possibility the European Central Bank is about to announce plans which will supposedly stabilize the debt markets in the region. In other words, they’re going to throw money at the problem and that will create the illusion for some that everything is okay. These types of announcements will always

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Goldcorp’s (NYSE:GG) Solid Low-cost Strategy

Goldcorp’s (NYSE:GG) (TSE:G) continues to work on positioning itself as one of the low-cost leaders in the gold mining industry, setting themselves up be profitable in any economic condition. One of the strategies the company is using to meet those goals is to divest of non-core assets. This is good foresight by Goldcorp leadership, as the recent findings of the Fortis Bank Nederland/VM Group:

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Randgold (Nasdaq:GOLD) Upbeat on Production

Randgold (Nasdaq:GOLD) says it should beat its gold production for 2009, which came in at 488.255 ounces, although they didn’t give specific numbers or guidance to where they think production could rise to. But looking into the years ahead, Randgold said they estimate by the end of 2014 gold production should reach about 1.2 million. This isn’t a bad outlook when you consider some of the recent

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Goldcorp (TSE:G) BBB Rating Reaffirmed by Fitch

Fitch Ratings reaffirmed their BBB ratings on Goldcorp (TSE:G) (NYSE:GG), with their Issuer Default Rating, $862.5 million senior unsecured convertible notes, and $1.5 billion senior unsecured revolving credit facility, all retaining a BBB rating.Goldcorp ratings are largely reflected in their mining locations, which are considered as being low in geopolitical risk; their strong project pipeline

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