Goldcorp Posts Record Gold Production In Third Quarter But Ends With Net Loss
Goldcorp Inc. (TSX: G, NYSE: GG) reported a net loss for the third quarter on Thursday even though gold production surged to a record high.
U.S. Weekly Jobless Claims Rise 1,000 To 260,000
First-time weekly jobless claims in the U.S. edged up by 1,000 to a seasonally adjusted 260,000 during the week to Saturday, the Labor Department said Thursday.
Read moreBarrick Reports Decline In Adjusted 3Q Earnings, On Target For Debt-Reduction Goal
Barrick Gold Corp. (NYSE, TSX: ABX) reported lower third-quarter adjusted net earnings than a year ago Wednesday but said it is on track to meet its $3 billion debt-reduction goal for 2015.
Read moreGold Market Bulls Reeling Following Surprisingly Hawkish FOMC Statement
Gold futures prices are sharply lower early Thursday, while the cash or “spot” market is trading near steady. The price discrepancy between the two is due to the Comex futures market officially closing before the FOMC statement early Wednesday afternoon.
U.S. GDP Growth Declines To 1.5% In Third Quarter From 3.9% In Second Quarter
U.S. gross domestic product rose by a seasonally adjusted annual rate of 1.5% in the third quarter, the Commerce Department said Thursday.
Agnico Eagle: Record Production Leads To 3Q Profit; 2015 Output Guidance Rises
Agnico Eagle Mines Ltd. (NYSE: AEM; TSX: AEM) Wednesday reported a profit in the third quarter despite lower gold prices than a year ago as the company posted record production.
Newmont Mining Lists Third-Quarter Profit, Plans To Expand Tanami Operation
Newmont Mining Corp. (NYSE: NEM) reported a profit in the third quarter and also announced plans to expand mining at its Australian operations.
Read moreMarketplace Still Digesting Hawkish FOMC Statement
Gold prices have weakened in the wake of a surprisingly hawkish FOMC statement that came out Wednesday afternoon.
Read moreThe 6PM Recap With Gary Wagner: Lift off in 10-9-8-7 – Houston we have a problem
The central bank concluded this month’s FOMC meeting earlier today, alluding to the potential that rate hikes or “lift off” could still begin in December 2015.
Gold Loses Gains In Wake Of Hawkish FOMC Statement
Gold prices were modestly lower in afternoon U.S. trading Wednesday, following a surprisingly hawkish-construed FOMC statement by the U.S. central bank that fell into the camp of the precious metals markets bears.
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