Newmont Mining Corp (NYSE:NEM) he announcement that it has fixed Feb 18, 2014 as the redemption date for all of its outstanding exchangeable shares (other than those held by Newmont and its affiliates). The company has mailed all the related documents along with the redemption notice to the shareholders. Newmont Mining Corp (NYSE:NEM) stock in last trading day opened at $22.75, traded the day range of $22.63-$23.20, and closed at $0.276. The stock showed a positive performance of 0.44% in previous trading session.
Barrick Gold Corporation (NYSE:ABX) recently announced that its Founder and Chairman, Peter Munk, will retire as Chairman of Barrick and will step down from the company’s Board of Directors at the 2014 Annual Meeting of Shareholders (AGM). Mr. Munk founded Barrick in 1983, growing the company from a small junior producer with one mine into the global gold industry leader and a Canadian champion, with operations on five continents. John L. Thornton, who has played an increasingly important role at Barrick Gold Corporation (NYSE:ABX) since his appointment as Co-Chairman in 2012, will become Chairman at the 2014 AGM. In last trading activity, Barrick Gold Corporation (USA) (NYSE:ABX) traded 1.16 billion shares and the average volume of the stock was recorded as 16.72million shares. The 52 week range of the stock is $ 13.43 – $36.08. The stock was advanced 3.04% by closing at $17.63.
IAMGOLD Corp (NYSE:IAG), CEO Steve Letwin says the company is taking the action to preserve its balance sheet and allows it to conserve cash and ensure the flexibility needed “to take advantage of opportunities when they arise.”IAG joins the likes of Barrick Gold (ABX) and Kinross Gold (KGC), which cut or suspended their dividends earlier this year. IAMGOLD Corp (USA) (NYSE:IAG) stock on December 31, 2013, recorded a rise of 1.52% and was in a range of $3.22 – $3.38 before closing at $3.33. Company’s 52-week low price is $3.15 and 52 week high price is $12.00.
Eldorado Gold Corp (NYSE:EGO) presenting to investors in the first week of December painted a very bright picture about the company’s progress over the past few years in these words quoted below, “We are a low cost operator; with a experienced management team. Eldorado Gold Corp (USA) (NYSE:EGO) shares rose 3.08% in last trading session and was closed at $5.69, while trading in range of $ 5.48 – $5.70. Its return on equity ratio is recorded as 3.20% and its return on assets is 2.40%.