AngloGold (Jerritt Canyon) Corp

Placer cuts Madsen updip

Drilling by Placer Dome (PDG-T) at Claude Resources (CRJ-T) has intersected four zones of gold mineralization at the historic Madsen mine in Ontario’s Red Lake camp.The effort was aimed at testing for…


Orezone nabs Seguenega from Repadre Capital

Toronto-based Orezone Resources (ORZ-T) has added the Seguenega gold project in Burkina Faso to its exploration portfolio in West Africa.In return for a 90% stake, Orezone issued 200,000 shares to Rep…


Newmont jumps in

Applying a new twist to industry consolidation, Newmont Mining (NEM-N) has announced its intention to acquire Normandy Mining (NDY-T) and Franco-Nevada Mining (FN-T) to create the world’s large…


Newmont bid stirs market

Newmont Mining shocked the gold mining world on Nov. 14 by launching a simultaneous, all-share takeover bid for Canada’s Franco-Nevada Mining and Australia’s Normandy Mining. The deal would create the…


Feds slash key rate to 2%

The biggest market-driver in the U.S. during the report period ended Nov. 6 was the Federal Reserve’s slashing of its overnight lending rate by 50 basis points to 2%, its lowest level in more than 40 …


Franco-Nevada richer

Standing apart from most of its struggling peers, Franco-Nevada Mining (FN-T) has reported record 6-month earnings from continuing operations.For the six months ended Sept. 30, Franco earned $55.1 mil…


Geita powers Ashanti

Ghana-based Ashanti Goldfields (ASL-N) saw its profits nearly double during the third quarter, thanks in part to increased production at its 50%-owned Geita mine in Tanzania.Earnings totalled US$14.5 …


US markets continue to slide

Denver — The Dow Jones industrial average sank another 243.43 points, or 2.7%, to 8,659.64 during the report period ended Sept. 25 — its lowest level in four years. The Nasdaq settled at 1501.64.The…


Dow plunges in wake of tragedy

Denver — Nearly a week after the terrorist attacks on New York City and Washington D.C., trading resumed in a strongly negative fashion. The Dow Jones industrial average plunged 702.11 points, or 7.3…


Maude Lake drills Comtois

Montreal-based Maude Lake Exploration (MAU-M) has started a 4,000-metre drilling program at its 50%-held Comtois property near Lebel-sur-Quvillon, Que.The program is aimed at increasing resources in …


Partners cut ribbon at Yatela mine

With production already in full swing at the Yatela gold mine in western Mali, all that remained to do was open the mine officially.Partners AngloGold (AU-N) and Iamgold (IMG-T) did that on Sept. 8, c…


Market slide cut short by tragedy

Denver — Bombing of the World Trade Center in New York on Sept. 11 halted trading among financial markets already battered by bad economic news. The Dow Jones industrial average fell 391.98 points (4…


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