Tag Archives: miners

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


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


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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