gold mining

In the New Gold Rush, Equipment Suppliers May Strike It Rich

The uncertain economy, high unemployment, and near record high prices for gold are luring droves of dreamers to the gold fields. But while some prospectors may find their fortunes, the biggest beneficiaries of the new gold rush will probably be the suppliers who support the intrepid ore-hunters.

Should You Join the Crowd Piling Into Gold?

Thanks to the Greek debt crisis and other economic shocks, investors have been rushing into gold all year. Is this just a herd mentality at work, or is it a wise assessment of the economic road that lies ahead?

Kinross Gold to Buy Red Back Mining for $7.1 Billion

Kinross Gold Corp. (KGC) will buy the 91% of shares in Red Back Mining (RBIFF) that it doesn%u2019t already own. Kinross will pay $7.1 billion for the shares. The price represents a value of C$30.50 ($29.77) per Red Back share, The International Business Times reported. That%u2019s a premium of 17% over the price of Red Back shares at close of trading on the Toronto Stock Exchange on Friday.