Barrick Gold Corporation (TSX: ABX) announced it temporarily suspended its Veladero Mine operations, because of a government inspection. A significant reduction in 2016 Veladero Mine production is not anticipated. Click for press release.
Agnico Eagle Mines Limited (TSX: AEM) entered into a “voting support agreement” with Orla Mining Limited related to a proposed merger of Orla Mining and Pershimco Resources Imcorporated. Agnico Eagle owns around 18.5% of Orla Mining. Click for press release.
Resolute Mining Limited (ASX: RSG) shares rose more than 8.5% in trading on September 14, 2016.
Barrick Gold Corporation (TSE: ABX) entered into a partnership to enable a “digital reinvention” of Barrick Gold’s mining operations and business. The partnership will start by creating a “flagship digital operation at the Cortez mine in Nevada”. Click for full press release.
Gold Fields Limited (JSE: GFI) announced the company had a fatal accident at their South Deep mine in South Africa. Click for press release.
Agnico Eagle Mines Limited (TSX: AEM) shares rose more than 2.50% in trading on September 12, 2016.
Gold advanced $6.15 (USD) or 0.339% for the week, based on LBMA pricing. The low price for the week was $1,326.35. The high for the week was $1,348.75. The average of all fixings was $1,337.70. Gold closed the week at $1,330.85 or 9.960% above the average price over the last 52-weeks. Gold is 2.858% below the 52-week high.