Agnico Eagle Reports Higher 1Q Profit, Ups Output Guidance

Agnico Eagle Mines Ltd. (NYSE, TSX: AEM) reported a jump in first-quarter net income late Thursday as production rose but costs fell, with officials also upping output guidance for 2017.

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Gold Sees Modest Bounce On Bargain Hunting, Short Covering

(Kitco News) – Gold prices were ending the U.S. day session firmer on a corrective rebound from this week’s selling pressure that pushed prices to a two-week low on Wednesday.

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Gold Pushes Modestly Up On Bargain Hunting, Short Covering

Gold prices have moved from near steady levels seen in earlier trading to modestly higher in late-morning trading Thursday.

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Gold Continues To Ignore U.S. Data; Pending Home Sales Fall 0.8% In March

(Kitco News) – The U.S. housing market could see momentum decline in the summer, as fewer consumers started the process of buying a home last month, according to the latest data from the National Association of Realtors (NAR).

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Gold Unable To Hold Gains After Optimistic Comments From ECB’s Draghi

(Kitco News) – While the European Central Bank is committed to its bond-purchase program at least to the end of the year, the euro and in turn gold prices saw a brief spike Thursday as the central bank appears to be more optimistic about the economy.

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Teranga Gold Reports Profit In First Quarter

Teranga Gold Corp. (TSX, ASX: TGZ) reports first-quarter gold output was ahead of guidance, helping the company post a profit, although output was down from a year ago.

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OceanaGold Reports Record Output In First Quarter

OceanaGold Corp. (TSX, ASX: OGC) reports a rise in its first-quarter profit on record gold output. Gold production rose to 147,956 ounces from 102,428 in the fourth quarter.

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New Gold Posts 1Q Profit, Record-Low AISC

New Gold Inc. (TSX, NYSE MKT: NGD) reports a profitable first quarter, helped by record low all-in sustaining costs of $597 an ounce that were down from $758 in the same period a year ago.

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Gold Ignores 14K Rise In U.S. Weekly Jobless Claims

(Kitco News) – Gold prices are relatively unchanged following a stronger after U.S. first-time jobless claims rose by 14,000 to a seasonally adjusted 257000 in the week to Saturday, the Labor Department said.

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U.S. Orders Of Durable Goods Rise By 0.7% During March

Orders for durable goods in the U.S. rose by 0.7% during March, falling short of expectations, according to a Commerce Department report Thursday.

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