Company newsRandgold Resources (NASDAQ: GOLD) announced that production at its Tongon gold mine in Cote d'Ivoire was impacted due to a mill fire. The incident occurred on December 24 during a planned shutdown. "The fire has been fully extinguished and no injuries have been reported but both cyclone clusters, flotation cells and blowers along with associated infrastructure for both milling circuits suffered damage," Randgold said in a statement. The company's stock suffered a 0.54-percent decline on Thursday. Al Jazeera reported that 4,000 miners suffering from lung disease have launched South Africa's largest-ever class-action lawsuit against AngloGold Ashanti (NYSE:AU), Goldfields (NYSE:GFI) and Harmony Gold Mining (NYSE:HMY). The plaintiffs claim to have contracted severe lung ailments such as tuberculosis and silicosis while working in underground gold mines and are demanding millions of dollars in compensation from the defendants, which are some of the world's biggest mining companies.
Gold Stays Low As Hope Fades For Fiscal Cliff Resolution
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts