Harmony Gold Mining

Kinross Gold (NYSE:KGC), Harmony Gold Mining (NYSE:HMY), Yamana Gold (NYSE:AUY), Eldorado Gold (NYSE:EGO) Hammered Again on Down Gold Day

Kinross Gold (NYSE:KGC), Harmony Gold Mining (NYSE:HMY), Yamana Gold (NYSE:AUY) and Eldorado Gold (NYSE:EGO) took another hit Wednesday as gold prices ended in the negative, although much better than the last couple of days.The good news is some gold miners like Novagold (AMEX:NG), Ivanhoe (NYSE:IVN) and Iamgold (NYSE:IAG) all closed in the positive, and Ivanhoe has been positive even on some of

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Kinross (NYSE:KGC), AngloGold Ashanti (NYSE:AU), Harmony (NYSE:HMY) Explode Upward on Rising Gold Prices

Kinross Gold Corp (NYSE:KGC), AngloGold Ashanti (NYSE:AU), Harmony Gold Mining (NYSE:HMY) are moving up in a major way in response to the explosion in gold prices and the overall response of the broader gold market.All of this is the result of the misguided move by the Federal Reserve to inflate, or as they like to describe it now: implement a new round of “quantitative easing.”Consequently the

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Harmony (NYSE:HMY), Newcrest (OTC:NCMGY) Wafi-Golpu Project Resources Double Original Estimates

Harmony Gold Mining Co. (NYSE:HMY) and Newcrest Mining (OTC:NCMGY) are about to start their $150 million prefeasibility study at the Wafi-Golpu copper-gold project in Papua New Guinea. According to Harmony Chief Executive Officer Graham Briggs, the mine may contain almost double the previous copper and gold resources estimated at the project. Wafi-Golpu may have as much as 30 million ounces

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Morgan Stanley (NYSE:MS) Downgrades Harmony Gold (NYSE:HMY)

With very little upward movement from March, Harmony Gold (NYSE:HMY) continues to be looked upon as negative, and Morgan Stanley (NYSE:MS) reflected that with their downgrade of the South African gold miner from “Overweight” to “Equalweight.” Just being in based in South Africa is a negative for any gold miner, as so-called “black empowerment” and surging energy costs are considered a negative

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Market Vectors (NYSEArca:GDX), SPDR (NYSEArca:GLD) Soar on Record Gold Prices

Gold prices pulled the entire gold sector up with them today, with Market Vectors Gold Miners ETF (NYSEArca:GDX) and SPDR Gold Trust (NYSEArca:GLD)breaking records themselves. Gold settled Tuesday at $1,340.30 an ounce, skyrocketing by $23.50. Market Vectors rose to an all-time high of $58.83, before closing at $57.25, gaining $1.71, or 3.08 percent on the day. SPDR ended the day at $130.99,

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Harmony Gold (NYSE:HMY) Enters Agreement with Scorpio Gold

Harmony Gold (NYSE:HMY) announced it has entered a binding preliminary agreement with Scorpio Gold to acquire all of its Caribou Gold Property. A press release from Scorpio said, “Subject to due diligence, definitive documentation and regulatory approval, the binding preliminary agreement (the “Agreement”) gives Harmony the right to acquire a 100% interest in the Caribou Gold Property located in

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Harmony Gold (NYSE:HMY) Upgraded by JP Morgan (NYSE:JPM)

JP Morgan (NYSE:JPM) analyst Steve Shepherd has upgraded Harmony Gold Mining Ltd. (NYSE:HMY) from “Neutral” to “Overweight.” Shepherd also has a price target over the next 12 months of 102 rand a share. In the last five trading days, Harmony has made a nice move, closing Thursday at $10.88, gaining $0.14, or 1.30 percent. Trading volume was near the 3-month average.

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AngloGold Ashanti (NYSE:AU), Randgold (Nasdaq:GOLD), Gold Fields (NYSE:GFI), Harmony Gold (NYSE:HMY) Rise on Gold Prices

Like their American counterparts, gold ADRs like AngloGold Ashanti (NYSE:AU), Gold Fields (NYSE:GFI), Randgold Resources (Nasdaq:GOLD), and Harmony Gold Mining (NYSE:HMY) have performed strongly today, as gold recovers from its recent plunge and price and continues its upward climb.AngloGold continues with its nice recent run, as it was up $1.22, or 2.89 percent, as of 2:45 PM EDT, reaching

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Newmont (NYSE:NEM), Freeport-McMoRan (NYSE:FCX), Harmony Gold (NYSE:HMY) and Gold Fields (NYSE:GFI) Rise with Gold Futures Prices

Gold futures continue to rise into uncharted territory, and gold mining companies are finally starting to rise with them as Newmont (NYSE:NEM), Freeport-McMoRan (NYSE:FCX), Harmony Gold (NYSE:HMY) and Gold Fields (NYSE:GFI) all ended the session with gains.Newmont was up 51 cent, an increase of .88 percent; Gold Fields moved up 13 cents, or .95 percent; Harmony Gold rose .19 cents, or 1.86

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Gold Fields (NYSE:GFI), Harmony Gold (NYSE:HMY) Rise on Safe Haven

Gold Fields Ltd. (NYSE:GFI) and Harmony Gold (NYSE:HMY) rose along with gold prices today as investors flee for safety to the yellow metal as equities continue to crash. Gold has exploded past $1,200 an ounce in electronic, after-hours trading, surpassing the $1,211 mark at one time, and as of this writing was only about $10 off its all-time high.The growing realization of how deep the sovereign

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Harmony Gold (NYSE:HMY) Shuttering Three Shafts in South Africa

Harmony Gold Closes Three Shafts at Virginia Project Harmony Gold Mining (NYSE:HMY) is closing down three of its shafts at the Virginia project in South Africa, affecting close to 3,700 workers. The particular shafts being shut down have been mined for about 60 years, and according to CEO Graham Briggs, have “reached the end of their lives.” About 10 percent of those working at Harmony Gold

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Dirty Little Secret of Gold Companies

With the extraordinary run of gold prices, and what looks like a gold bull run which will go on for years, a number of “gold companies” have been communicating in a manner which doesn’t reflect what the company actually is. Does the company have a variety of precious metals they mine? Many do, yet they continue to market themselves as “gold companies,” when in many cases gold isn’t the primary

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