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Seven Emergency Rate Cuts
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Stronger gold drives Polymetal profit to record high
Polymetal said on Wednesday its 2019 net earnings rose 36% to a record high of $483 million due to stronger global gold prices and higher output. The spread of the coronavirus this year has driven a further jump in gold prices with spot gold in London registering its...
Barrick completes Massawa-Sabodala combination
Barrick Gold has completed the recently announced transaction of combining its Massawa gold project in Senegal with Teranga Gold’s Sabodala gold mine. Barrick and its Senegalese partner held a 90% interest in the Massawa project. As part of the transaction, Barrick...
Newcrest closes $60m sale of Gosowong mine in Indonesia
Newcrest (ASX: NCM) announced Wednesday the finalized sale of 100% of Newcrest Singapore Holdings Pte (NSH) to Indotan Halmahera Bangkit (Indotan) for A$90m, (about $60m) of which A$60m has already been received and the remaining A$30m is payable in 18 months. NSH...