US markets reverse course
In another typical display of these troubled times, U.S. markets reversed course to finish the Aug. 21-27 report period worse off than when they started.The Dow Jones Industrial Average slipped 47.66 …
In another typical display of these troubled times, U.S. markets reversed course to finish the Aug. 21-27 report period worse off than when they started.The Dow Jones Industrial Average slipped 47.66 …
A strong rally in the U.S. markets over the report period Aug. 13-20 brought the Dow Jones Industrial Average up 4.6% and the broader Standard & Poor’s 500 up 6%.The Dow finished the period at 8,872.0…
Kalgoorlie, Australia — Consolidation in the gold mining sector and an optimistic outlook for the price of bullion over the next 18 months had delegates in high-spirits at the 10th annual Diggers & D…
An infusion of cash from a US$75-million note issue allowed Ghanaian gold producer Ashanti Goldfields (ASL-N) to retire old debt and buy out of earlier hedge arrangements that subjected it to margin c…
Newmont Mining turned in its first quarterly report since its mega-merger with Franco-Nevada Mining and Normandy Mining, and the results augur well for the company’s future. The company, now the world…
Junior producer Iamgold (IMG-T) is eyeing “significantly” higher cash flow now that all remaining debt relating to the Sadiola mine in western Mali has been retired.In mid-May, a US$31.5-million payme…
Eyeing a strengthening gold price, AngloGold (AU-N) trimmed its hedge book by another 2.4 million oz., to 10.5 million oz., during the second quarter.The move, which followed a 1.7-million-oz. reducti…
The stocks of South African-based miners headed south during the report period ended July 30 as political risk made a stark reappearance.In a document leaked to a Johannesburg-based web site in late J…
One of the small lessons learned by new investors is that those experts who glibly say “you can’t time the market” are usually the ones who are just not very good at it.One proven master of market tim…
The 7-day period that ended July 23 was marked by relentless waves of panic selling in markets across the world. In the U.S., the S&P 500 index sank 11.4% to 797.71 points, the Dow Jones Industrial Av…
The El Peon gold mine in Chile remains one of the world’s lowest-cost producers, enabling Meridian Gold (MNG-T) to post net earnings of US$11.3 million for the second quarter of 2002.The income, whic…
Stock markets in the U.S. were little-changed over the holiday-shortened trading period July 3-9. Over four trading days, the Dow Jones Industrial Average managed a 1% gain, to 9,096.09 points, while …
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