Agnico Eagle becomes sole owner of Canadian Malartic mine

That infectious spring exuberance has proven exceptionally-potent for gold stocks.

The turnaround in gold prices was due to “a combination of a heavy overbought market running out of momentum ahead of $2,000," an analyst said.

The Canadian industry veteran sees gold hitting record highs this year in volatile trading as inflation outpaces interest rates.

Reconstituted Agnico Eagle sets initial gold production guidance at 3.2 to 3.4moz.

The unions said they had rejected Sibanye's final offer, which would increase underground workers' wages by 800 rand ($51.67) a month in each of the three years under negotiation.

The world's top gold miner posted a 27% drop in fourth-quarter adjusted profit.

Gold jumped the most in almost two years, even as the dollar strengthened.

Reserves and M&I resources are respectively 11% and 8% lower than in 2020.

The company remains confident in the C$645 million initial capital cost estimate outlined in the 2021 feasibility study.