Tag Archives: miners

Gold miners on ‘knife edge’ after slump wipes out US$19 billion

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Gold\’s slump to some five-year low this month is squeezing the world\’s biggest producers of the precious metal, already struggling to rein in costs and pay down debt. A rout in bullion has sapped investor confidence in gold miners, sending the benchmark 30-member Philadelphia Stock Exchange Gold and Silver Index from the largest producers to the lowest since 2001. A ...

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Gold miners set to report Q2 earnings, but investors zero in on other issues

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Investors usually care about basic things for example how much revenue and income companies earned when they report quarterly results. After all, these are essential foundations to valuing a stock. But in the case of Canada\’s gold industry, they have become largely irrelevant. The second-quarter earnings season for the gold miners begins Wednesday afternoon, and experts said there will be ...

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