Tag: ashanti

Anglo American (LON:AAL), Kinross Gold (NYSE:KGC) and AngloGold Ashanti (NYSE:AU) All Drop As Gold Prices Fall

Gold miners have been taking a hit today, especially right before noon, when traders tend to make their moves, and gold prices along with it. Anglo American (LON:AAL) (AAUKF:PK), Kinross Gold Corp (TSE:K) (NYSE:KGC) and AngloGold Ashanti (NYSE:AU) all dropped in unison with gold prices during that time. Anglo American was down to 2,358.00 in London, shedding $115.50, or 4.67 percent, as of 11:35

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Goldman (NYSE:GS) Downgrades Randgold (Nasdaq:GOLD), AngloGold Ashanti (NYSE:AU)

Goldman Sachs (NYSE:GS) downgraded Randgold (Nasdaq:GOLD) and AngloGold Ashanti (NYSE:AU) today, both from “”Neutral” to “Sell.” The reasoning behind the downgrades are the shares already have priced into them the value of the increase in gold prices, so they don’t have a lot of room to grow. Goldman’s downgrade did have a negative impact on Randgold, as it dropped almost 1 percent to $93.30,

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AngloGold Ashanti (NYSE:AU) Down on Great Gold Day

AngloGold Ashanti (NYSE:AU) was one of the few poor gold performers on Friday, on a day which broke another record at the close of $1,256.50, an increase of $11.30 on the day.The news yesterday that they were going to focus on developing mining projects outside Australia because of the 40 percent super tax, seems to have overshadowed the rest of the good news related to gold. This isn’t

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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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Morgan Stanley (NYSE:MS) Covering Gold Fields (NYSE:GFI) and AngloGold Ashanti (NYSE:AU)

South African-based gold miners Gold Fields (NYSE:GFI) and AngloGold Ashanti (NYSE:AU) are now being covered by Morgan Stanley (NYSE:MS), and they opened their ratings with an “Equal Weight” on Gold Fields and an “Underweight” on Anglogold Ashanti. Both gold companies were down in New York today as a slight correction took place after another recent session breaking all-time highs. Gold Fields

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AngloGold Ashanti (NYSE:AU), Gammon (NYSE:GRS), Iamgold (NYSE:IAG) All Down

Even though macro-economic conditions are positive for gold and gold mining companies, the news that job creation was only about 5 percent in the private sector of America wasn’t enough to quickly turn around gold miners like AngloGold Ashanti (NYSE:AU), Gammon (NYSE:GRS), Iamgold (NYSE:IAG), who along with most gold companies trading in New York dropped on the day.Gold futures on the other hand

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AngloGold Ashanti (NYSE:AU) Stops Services to Pamodzi Gold Liquidators

AngloGold Ashanti (NYSE:AU) said they have stopped supplying services to Orkney mines, which had been owned by Pamodzi Gold Ltd. The mines are under provisional liquidations at this time. “Our decision follows the failure of the liquidators of Pamodzi Gold Orkney to settle debt of about 38 million rand owed to us for services supplied to the operation over the past 10 months,” the company said

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GOLD: Forgotten Gold Stocks From South Africa

Filed in Australian Gold, Bank Gold, Gold, Indonesian Gold by on May 20, 2010 0 Comments

Forgotten Gold Stocks From South Africa. Chart for AngloGold Ashanti Ltd. Common S. Ivan Martchev, On Wednesday May 19, 2010, 12:09 pm EDT. Since gold bullion has essentially doubled in the past five years, you would think that most …

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AngloGold Ashanti (NYSE:AU) La Colosa Gold Mine Water Permits

AngloGold Ashanti (NYSE:AU) has waited two years to resume exploration at its $2.7 billion La Colosa gold project in Colombia, ant that seems to be close to happening, as the effects froms El Nino, which dried up the area, are receding, and it looks like they’ll be awarded water permits sometime in July to resume operations.President of AngloGold’s Colombian division, Rafael Herz, said this about

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Eldorado Gold (TSE:ELD), Yamana Gold (NYSE:AUY), AngloGold Ashanti (NYSE:AU), All Close Session Higher

It was interesting watching gold mining companies like Eldorado Gold (NYSE:EGO) (TSE:ELD), Yamana Gold (NYSE:AUY) and AngloGold Ashanti (NYSE: AU) rose uniformly with the price of gold today, and they weren’t the only gold miners doing that. I checked out about 15 gold miners, and everyone of them moved in sync with gold prices throughout the day. It went like this. First there was a huge

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Barrick Gold (NYSE:ABX), AngloGold Ashanti (NYSE:AU) and Changing Rules in Tanzania

A couple of weeks ago the Tanzanian parliament passed a new mining law which will alter the gold mining landscape for Barrick Gold (NYSE:ABX) and AngloGold Ashanti (NYSE:AU) in the country. Some of the major changes included in the Mining Act 2010 law will be that royalties on minerals and gold will rise from three to four percent. The government of Tanzania will also have a stake in the

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Lihir Gold (ASE:LGL) Getting More Attention

News is out that Lihir Gold (ASE:LGL) has possibly prepared a ‘data room’ for those intersted in bidding on the company. This could be a strategic move to pressure Newcrest Mining to increase its bid of $8.9 billion, which Lihir has rejected. Other potential suitors of Lihi which have named include Goldcorp (TSE:G), Kinross Gold (TSE:K) and AngloGold Ashanti (NYSE:AU), although none of them

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