The Montreal-based company, down 21% following a dive of 17% on Wednesday, were deemed by investors to have overpromised and underdelivered on its exploration results.
Seven people were killed Thursday when a military plane chartered by Canada's Kinross Gold Corp. crashed during takeoff in the Mauritanian capital Nouakchott, an army source told AFP.
It could either be a sign that gold has reached a top or it has further to run, Lego introduced a mining-themed set this spring focused on gold production.
In the Seinfeld episode “The Bizarro Jerry,” Elaine meets a group of people who are complete opposites of Jerry, George, Kramer. The show provides a rather striking similarity to today’s Bizarro financial market.
"This is a company with a business model that is extremely difficult to argue with. Franco Nevada has a diversified portfolio of high margin, cash flow producing assets principally in North America."
Giant miner Xstrata has set Sep. 7 as the day for its shareholders to vote on the $26 billion takeover by Glencore, giving the commodities trader six weeks to reach an agreement on the conditions.
