Lisheen zinc mine approaching design levels
The owners of the Lisheen zinc-lead mine in Ireland are reaping the rewards of an action plan, implemented in the second half of last year, which sought to overcome obstacles to production.By the end …
Anglo American plc
Boyongan copper-gold discovery attracts market attention
A year or so ago, Philex Gold (PGI-V) was just another struggling producer barely noticed by investors. Although the company’s sole operation in the Philippines still isn’t turning a profit at current…
Market catches gold fever
Denver — The Dow Jones industrial average surged again after a brief respite, climbing 384.27 points, or 3.5%, to 11,257.24, its highest point in 15 months. The Nasdaq hit 2313.85.Spot gold on the Ne…
Gold weathers latest auction
Denver — The Dow Jones industrial average dipped 10.54 points, or 0.01%, to 10,872.97 for the report period ended May 15, despite a 0.5% interest rate cut by the U.S. Federal Reserve.However, spot go…
Market rally gathers steam
Denver — The Dow Jones industrial average chugged ahead, gaining 444 points, or 4.2%, in the April 25-May 1 report period to close at 10,898.34, its highest point since mid-February.Most issues were …
De Beers offer sweetened
The bid by a group led by Anglo American (AAUK-Q) to take De Beers Consolidated Mines (DBRSY-Q) private has been raised by US$2 for the benefit of minority shareholders who were holding out for a bett…
Strike clips Falco’s wings
The good times did not last long for Falconbridge (FL-T), which barely squeaked out a profit in the first quarter.Pinning the blame on falling metal prices, a strike in Sudbury and production difficul…
Anglo hits at Boyongan
Vancouver — Partners Anglo American (AAUK-Q) and Philex Gold (PGI-V) appear to have intersected a rare geological event at the Boyongan prospect on the Philippine island of Mindanao. The latest drill…
Rate cut propels market rally
Denver — The Dow Jones industrial average continued climbing after the U.S. Federal Reserve announced a surprise interest rate cut of 0.5%. The market finished the April 18-24 report period up 237.61…
Anglo American sizes up Arex deposit in Brazil
Anglo American (AAUK-Q) has tabled an independent resource estimate for the Arex deposit in Brazil’s Mato Grosso del Norte state.Based on 74 drill holes, consultant ACA Howe International estimates th…
Dow, gold continue climb
Denver — The Dow Jones industrial average climbed 113.99 points, or 1.1%, during the holiday-shortened report period April 11-17 to close at 10,216.73.Comex spot gold on the New York Mercantile Excha…
Lisheen to reach design capacity
Based on an improved first-quarter performance at the Lisheen zinc-lead mine in southern Ireland, Ivernia West (IVW-T) says full production should be attained by mid-year.The underground operation, wh…