Mixed results from metals producers
U.S. markets enjoyed a small boost over the March 13-19 report period, with the Dow Jones Industrial Average rising 2.9 points to finish at just over 10,635 and the Standard & Poor’s 500 adding 4.7 po…
AngloGold (Colorado) Corporation
Rubicon deals ground to Redstar Minerals, Wheaton River
Vancouver — With drilling already under way on its key properties in Ontario’s Red Lake district, Rubicon Minerals (RMX-V) intends to advance some of its other projects by dealing them to experienced…
Anglo boosts Amplats stake
The biggest news during the report period was Anglo American’s revelation that it had spent US$701 million last year increasing its stake in Anglo American Platinum to 59.6% from 50.1%. The strategic …
Axmin seeks West African gold
Many major gold companies have pulled in their horns over the past four years, rendering a good number of African exploration properties inactive. This has presented an opportunity for junior explorer…
Turmoil rocks Durban Deeps
Over the report period ended March 5, another blow was struck against the image of South Africa as a serious gold-mining country: the country’s government took the unusual step of barring Durban Roode…
Yatela props up Iamgold
Thanks to newfound production from the Yatela mine in western Mali, Iamgold (IMG-T) set a production record in 2001.The company, which owns 40% of Yatela and 38% of its bigger sister, Sadiola, produce…
Producers rise with yellow metal
Despite little substantive news from the bullion markets over the report period ended Feb. 25, gold prices still managed to stage a significant rally and closed up $5 to just under US$300 per oz.The U…
Newmont now the biggest on the block
Ushering in a new era in gold mining, Newmont Mining (NEM-N) has taken control of Normandy Mining (NDY-T) and merged with Franco-Nevada Mining to overtake AngloGold (AU-N) as the world’s larges…
Barrick to halve hedge book
With fewer writedowns and a merger under its belt, Barrick Gold (ABX-T) finished 2001 with modest earnings in contrast to the loss it took in 2000. But the big gold producer had other news to deliver:…
Newmont rises to the top
The volume leader among all the miners during the report period was Newmont Mining, which finally won control of both Normandy Mining and Franco-Nevada Mining, making it the the world’s largest gold m…
Ashanti restructures debt as operations improve
Ghanaian gold miner Ashanti Goldfields (AHD.U-T) took another step out of the wilderness as a committee of its lenders agreed to a scheme to turn US$219 million of debt maturing in March into shares a…
Newmont triumphs over AngloGold
South African producer AngloGold (AU-N) has failed to sway enough shareholders to remain in the battle for Normandy Mining (NDY-T), giving Newmont Mining (NEM-N) a clear path to victory.The…