Gold miner Kinross Gold Corporation (USA) (NYSE:KGC) announced that its unionized employees at the Maricunga mine in Chile’s Region III have initiated a strike, an action taken to protest against the failure to reach a new collective agreement at the mine. Kinross Gold Corporation (USA) (NYSE:KGC) stock opened at $5.05 in last trading session, and closed at $4.99, trading in the range of $4.93 – $5.10. The stock showed a negative weekly performance of -1.38%.
RBC and UBS increased their price targets on the stock of Barrick Gold Corporation (USA) (NYSE:ABX)to $24 from $23, and to $20 from $18.50, respectively, this morning. Barrick Gold Corporation (USA) (NYSE:ABX) shares closed at $20.35 on last trade day, by losing -0.15%. Stock 52 week range is $13.43 – $30.10. Company’s market capitalization is $23.70 billion.
Newmont Mining Corp (NYSE:NEM) EVP E Randall Engel sold 3,826 shares of Newmont Mining Corp stock on the open market in a transaction dated Monday, March 3rd. The shares were sold at an average price of $24.07, for a total transaction of $92,091.82. Following the sale, the executive vice president now directly owns 86,057 shares of the company’s stock, valued at approximately $2,071,392. Newmont Mining Corp (NYSE:NEM) stock advanced 1.42% and finished the last session at $24.93. The EPS of the stock remained -1.48. Company’s market capitalization is $12.42 billion.
IAMGOLD Corp (USA) (NYSE:IAG)announced today that it has finalized a five-year option agreement with Sarafina N.V. (the “Agreement”) under which IAMGOLD’s subsidiary, Rosebel Gold Mine (“RGM”) may earn a 100% interest in Sarafina’s 10,000 hectare mining concession, located 25 kilometres from the Rosebel Gold Mine in Suriname. IAMGOLD Corp (USA) (NYSE:IAG) stock opened at $3.91 in last trading session and closed at $3.93. The 52 week range of the stock is $3.15 – $7.54 and the day range was $3.87 – $3.97.
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